Some people might believe that 3D printers are a dangerous, futuristic technology only accessible to scientists and engineers. However, as it turns out, 3D printers in Canada are more of a force for good than for bad- even in the world of finance.
There are currently many businesses that use this type of printer to make customized items like figurines and toys on demand. In the past five years alone, there’s been a forty-fold increase in revenue of 3D printing companies across industries; they’re now worth more than $25 billion. In this article, we’ll discuss how 3D printing can be used in different industries to help improve their profit margins.
What Is 3D Printing?
3D printing is the method of creating three-dimensional solid objects, parts, and prototypes from a digital model. This includes everything from video games to iPhone cases, but also things like complex human organs, prosthetic limbs, and even food. As such it’s considered a disruptive technology in terms of manufacturing processes. This new process promises to make manufacturing cheaper and more environmentally friendly.
How 3D Printing Helps Businesses Grow Their Profits?
3D printing is any process that uses a digital model to create an object by laying down successive layers of a material, usually plastic or metal. This gives the object shape and size without materials being cut or removed but uses additive manufacturing processes which are more affordable than cutting-edge technologies such as laser cutting.
There is no denying that 3D printing has revolutionized the world of manufacturing in recent years, as seen by businesses around the world increasing their use of this technology for business growth. Three benefits that 3D printing offers the average company include more time-saving techniques, increased profits, and decreased production costs.
Most of the 3D printing jobs that can be completed at home will require a lot of research and planning before you start working on your creation. This is because 3D printing requires careful attention to detail, great artistic skills, or detailed knowledge about the materials that you work with. With any luck and smart business planning techniques, you could earn some money out of it too! We will now discuss different methods one can make money with 3D printing.
- Selling pre-made 3D prints on online eCommerce platforms
There are several online platforms where you can sell your three-dimensional parts and prototypes. Some of them include Etsy, TurboSquid, PlanMarketplace, etc. Here’s how you can stand out on these huge marketplaces.
There is a lot you can do to make yourself stand out in the competition, but here are some common:
- Offer something unique that sets your product apart. Whether it’s high-quality 3D print (resin), custom finishing, etc.
- Avoid competing for price.
- Ask happy customers to leave reviews and ratings
- Upload high-quality product photos
- Work on a specialized 3D printing technique
You need to find out a specific niche you are comfortable working with and check if there is enough margin for you to be profitable. Here is a list of the areas that you can offer your 3D printing services to:
- Tabletop Miniatures
- Architecture firm
- Designer Toys
- Jewelry designer
- An engineering firm for prototyping service
- Start a 3D printing business in a brick-and-mortar place
No doubt, this option may seem easy and beneficial, but you need to find a location where the demand for 3D printing is huge. If you establish a business in a village or in a city where the scope of 3D printing is very low, you’ll not get profit. The benefit of local business is that it is easily accessible, and the shipping prices are eliminated.
- Sell 3D models and make money
You can create a platform and sell 3D models of other companies that pay you every month to publish their products. You can make money while you sleep as you only have to publish them on a platform and the rest of everything will be done automatically. It is more scalable than running a 3D printing business.
- Start your YouTube channel
YouTube is a powerful platform for making money with your hobbies, profession and could be the perfect low-frills side hustle for you. Uploading videos of 3D printing to the platform will allow you to make money by including ads before your video, which utilizes your channel’s “watch time”. This is a great way to earn more from doing what you already love and is perfect for anyone with an interest in 3D printing.
- Sell an online 3D printing training course
If you’re confident enough with your 3D printing skills and you’re adept enough to teach others, you can sell your online course about 3D printing. You can sell courses online and teach people across the world. There are many ways you can do this as there are many online platforms such as Udemy, Skillshare, etc.
Are you looking for 3D Printers or accessories in Canada? Well, your search ends here. Visit Mech E-store to purchase high-quality 3D printers, filaments, resin, and accessories!