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Thursday, July 9, 2020
Home Starting a business How to Start a 3D Printing Business

How to Start a 3D Printing Business

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If you are interested in starting your own 3D printing business, you better hurry up and get that thing off the ground, as the competition for this particular business branch is increasing daily. The latest reports state that with a market size well over 10 billion, the world of 3D printing is expected to grow nearly 23.5% each year for the next five years. So, you still have enough time, but make sure you are well prepared for the needs of not just the current but also the future market.

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Get all the equipment you will need

This is the moto important step when it comes to 3D printing, getting the right equipment and the required training to use it properly. Now the uses of 3D printers are multiple, and they cross all the industries, so it is essential that you limit your scope so as to ensure that you can provide top quality products for that particular branch. You can opt to work with big companies and create specific items for their production. Or consider directing to your business towards education like some companies have and they have ended up creating interesting educational toys that use the 3D technology. So, choose the tech you need wisely, make sure you don’t over-invest, you can always get more equipment as you grow your business. For a startup, even one 3D printer might be enough depending on the amount of work you are anticipating.

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Take your time choosing the industry

The decision regarding the direction you want your 3D printing business to go is not easy, so take your time since it will be detrimental for your future success. We have mentioned some possible ideas, but there are so many more you need to consider. You can opt to use 3D printing for simple customization work on the already existing items. So, you know how you can actually improve something you use every day, 3D printing that version of the product is a great way to go and you might end up creating something new that will be in demand. Another great option is offering your services for prototyping needs. A lot of designers have plans and schematics for new products, but they need to see how they will look in reality, and see if their ideas actually work. And since they don’t have the appropriate tech, they often employ 3D businesses to get the sample of their newest designs.

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You can think of introducing the 3D scanning as a possible service

This can be supplementary service your business can offer. A lot of people would like to recreate some of the items they own and have them recreated using 3D printing options. You can scale down some of your customer’s favorite items and create smaller versions that they can save as mementos. This will definitely broaden the range of your services and can bring additional income. The uses are limitless, and a combination of high-quality 3D scanner and printer can be an ideal combo of services that will help your business succeed in this, already competitive market.

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Considering the speed at which the 3D printing business is growing and the market expanding, if this is something you want to do, and a niche in which you want to build your company, you should definitely start as soon as possible. Follow the steps above, from getting the right equipment to deciding which areas you want to cover, and let’s not forget the possibility of expanding the scope of your services with a 3D scanner. The options are limitless, but the window of opportunity is definitely closing, so it is essential that you hurry up and get your 3D printing business up and running as soon as possible.

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