|
What Makes 3D Printing Such A Great Business Opportunity? 3D printing is currently on the verge of becoming the next manufacturing revolution. Valued at slightly over 3 billion dollars, it will likely change and revolutionize the entire manufacturing industry due to its potential for exponential business growth. According to Forbes Magazine, 3D printing and manufacturing will provide the biggest opportunity for explosive business growth in both the medical and aerospace industry sectors. This is due to the fact that both of these industries have a need for advanced complex parts. Whether its printing a portion of person’s skull, creating new human organs, or printing advanced parts for aerospace technology, 3D printing can create complex high quality parts that traditional manufacturing can’t even scratch the surface of creating. According to expert business and manufacturing consultant Terry Wohlers of Wohlers Associates, it is these high quality parts that create a huge demand for 3D printing in the near future. Much Lower Operating Costs 3D printing uses additive manufacturing as opposed to traditional manufacturing (which is essentially chipping away at raw materials [such as metals, plastics, or textiles] to create a specific sculpture). Additive manufacturing has two major benefits: 1) Not only does it use significantly less raw materials and resources than traditional manufacturing, additive manufacturing creates practically no waste or by-products whatsoever, making it much more environmentally friendly. 2) Traditional manufacturing usually produces multiple simplistic parts, which are then manually assembled together at a factory by assembly line workers (making a single complex part). 3D printing can eliminate the need for a large assembly work force by printing a single complex part that requires no additional assembly. Speed To Market Manufacturing of any kind requires the creation new product prototypes, a process that usually takes several weeks (or even months). With newer 3D printing technology, this process can be done in only a matter of hours. This allows you to quickly take advantage of new product ideas or opportunities and get them onto the market before anyone else can. 3D printing allows small business owners to rapidly manufacture specific products, whether it’s highly customized products, replacement parts, or capitalizing on some type of mass production error (like faulty factory parts or the underproduction of a specific product part). Extreme Flexibility 3D printers capable of printing parts for more advanced cutting edge technology tend to be several hundred thousand dollars. However, buying a printer for more basic consumer products such as toys or jewelry can cost as little as little as a few hundred dollars. These printers can allow you to create and sell your own simple art sculptures, pieces of jewelry, or other unique items. Furthermore, if your 3D printer is equipped with the laser scanning technology, you can actually save your printing designs on any computer. With the demand for 3D printing only set to grow, (not just for the products, but for the printers themselves) many people are actually buying 3D printers directly from the suppliers and selling them to the consumers for a small profit. The 3D printing industry has a very promising future. Even though it hasn't yet completely replaced traditional manufacturing, it is well on its way. Whether you want to create cutting-edge technology, unique consumer products, or simply capitalize on poorly made consumer parts; you don’t necessarily need to buy the most advanced 3D printer out there in order to start your own successful business. The key is finding a niche within traditional manufacturing that can be improved upon. The beauty of having your own 3D printing business is it’s incredible efficiency, potential, and minimal operating costs, making it much less risky than most start up businesses. For more information about the 3D printing business opportunity and starting your own successful home business see, The Business Success Blueprint Edward Rosenberg is a professional business and marketing expert. He has studied, researched, and implemented dozens of various marketing methods for several businesses over the past 5 years. To find out more about Edward, Click Here
Related Articles -
3D Printing Business Opportunity, 3D Printing, Business Opportunity, 3D Printing Business, ,
| 
