5 Ways a Small Business Can Profit from 3D Printing

Three-dimensional printing once was an innovative new technology that captured the minds and imaginations of many people. However, it was cost prohibitive to use in industries outside of the manufacturing and high-tech areas.

As is the case with most technologies, however, 3D printing has become increasingly more affordable and commonplace in recent years. This has enabled its applications and possibilities to be explored in many different industries and business sectors.

If you are looking for an excellent way to improve your business’ operational processes and even to profit from a new income stream, a closer look at the applications of 3D printing is in order.

 

Prototyping

Historically, companies had to spend a small fortune developing a prototype through a third party. This process often took a substantial amount of time. Making the matter more challenging, many prototypes had to be revised at least a couple of times before the product was ready to release to the marketplace. This has changed with the advancements in 3D printing.

The technology enables you to create in-house prototypes quickly and much more affordably. These prototypes can easily be tweaked as needed. Through the use of 3D technology for the creation of prototypes, developing and introducing new products is much more simplified, straightforward and affordable.

 

3D Print Services

Some companies that have invested in a high-end 3D printer are offering their printing services to others. This type of in-house service can add a new stream of revenue for your company to enjoy. The money-making opportunities are substantial if you invest in a high-end 3D printer.

For example, you can set up a 3D photo booth to help individuals create their own products on demand. You can also offer more detailed and customized prototype services to other businesses. Simply identify a need in your local market for this type of technology, and consider how you can fill that need to generate a profit.

 

Marketing

You could pay a fortune buying marketing swag from other companies, or you could use a 3D printer to create your own promotional items at a fraction of the cost. For example, when you have a 3D printer in your office, you can customize keychains, coasters and various other promotional items to hand out at seminars, exhibits and more.

You can even print innovative business cards with a 3D printer. Ultimately, this is a cost-effective way to perfectly customize a wide range of items to suit your needs and to showcase the cutting edge nature of your company.

 

Cost Savings

Any time you go outside of your business to have a third-party vendor provide services for you, you are paying an up-charge. The vendor, after all, will need to cover its own overhead as well as price a profit into the price of the product that you order. When you complete in-house 3D printing services, you can save a substantial amount of money. You can then pass this savings onto your own customers.

Another way to save money through 3D printing is by only printing the exact quantity that you need. Remember that some companies have a minimum order size, but you may need to order that many products. Because you may be able to undercut the competition without sacrificing on quality, 3D printing can essentially help you to be more competitive in the marketplace.

Finally, if you’re a fresh entrepreneur with a limited budget, owning a 3D printer allows you to start a 3D printing business from your own home. This can save you a substantial amount of money until your business takes off.

 

Time Savings

In addition to helping you save money on the creation and production of many types of products, you may also be able to save time. When you use external services for prototypes, promotional items and more, you usually need to wait for them to work your order into their schedule.

This delay can set back your own internal efforts, and it can delay your production or development cycle by weeks. Through the use of in-house 3D printing, you may be able to quickly create in-house products that are ideal for your needs.

 

Final Thoughts

You could pay another company to provide 3D printing services to your company, or you could enjoy all of the benefits associated with having in-house printing capabilities yourself. With many ways to maximize the use of in-house 3D printing, it makes sense to carefully review the printing options available and to invest in the printer that is most ideal for your team to use.

Views: 27

Comment by Marie Beckham on December 14, 2017 at 3:29am

Sounds quite interesting and effective.

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