In a recent blog entry, the leading European 3D printing service Materialise offers three key suggestions on how to turn a 3D printing business idea into reality: start with an idea that adds value, keep your costs low, and learn from successful 3D printing start-ups. Read on to see which 3D printing business models generate profit.
1. Come Up with a 3D Printing Business Idea that Adds Value
Do you search a business idea that involves 3D printing? Make sure that you come up with a product that sells because it is innovative. It might not be enough to sell an object ‘only’ because it is 3D printed − it also needs to give customers added value that traditional manufacturing cannot provide.
3D printing can create things that are impossible to create with traditional manufacturing. A striking example is the One_Shot.MGX stool by Patrick Jouin. This is a stool that has been printed in one piece – no screws needed, no pieces to attach. These features can bring a big advantage to all kinds of objects that would require a lot of manual labor with traditional techniques.
3D printing also enables you to produce mass customization products. One of the great things about 3D printing is that you don’t have to order 10,000 units of an item to make it affordable for customers and put it on the market. You can start producing and selling as of a single print. So, turn this to your advantage and offer a product that matches your customer’s needs. Come up with an idea that is unique, customizable … and fits demand perfectly!
Mass customization: the production workflow of the future.
Maybe you want to create a browser-based 3D design tool that allows other users to create 3D printable items? Or maybe you want to create an app that lets your users tweak and customize their products? Personalizable jewelry, perfectly fitting glasses frames, 3D selfies – this great technology offers unlimited possibilities and lets you start an interactive dialogue between customers and production. Still, it might be difficult getting started. That’s why we want to present ways of finding funding and keeping your starting costs as low as possible.
2. How to Start a 3D Printing Business: Keeping Costs Low
To start your 3D printing business, there are two important things to keep in mind: find funding and keep your costs low. Luckily, everybody is talking about 3D printing today − and so there are lots of funding programs out there for your 3D printing start-up.
Here’s an example: Projects like FABulous create and support a service ecosystem for 3D printing start-ups. They bring together investors and entrepreneurs. They just launched their second Open Call, during which SMEs and entrepreneurs can submit innovative ideas for the development of new web businesses in the field of 3D printing. Make sure to search for similar projects in your region.
Another way to fund your business is to use the power of the crowd: we’ve already worked with start-ups that used crowdfunding platforms like Kickstarter and IndieGoGo to turn their dream of a 3D printing business into reality.
In addition to securing funding, one of your most important financial challenges is to keep costs as low as possible. However, running and maintaining a printing facility requires a lot of seed capital, which might be a risky investment when you don’t yet know how your product will sell. And that’s where it makes sense to think about outsourcing production to minimize costs and risks.
i.materialise has developed several interfaces (APIs) that allow your business to connect with our systems. You simply feed the data from your apps or websites to us − and our 100+ 3D printers do the rest! It’s the best risk-free starting point for any 3D printing business idea.
Materialise has over 10 APIs in place − from referral models to white label partnerships − and our aim is to offer as much of our website’s functionality through the API as we can. However, some APIs might be more useful for your business than others − the optimum way to connect to i.materialise depends on your business model.
3. Learn from Successful 3D Printing Start-Ups
So, how do other companies do it? It’s always a good idea to check what’s out there before jumping into the (cold) water. Be sure to visit this page to see some examples. One of the best examples is Twikit − an online platform where everybody can tweak and customize designs using intuitive configurators. For example, you can use Twikit to customize your personal trophy:
Create a 3D printable and customizable trophy with Twikit.A trophy is a great product for 3D printing, because it always needs to be customized with the name of the tournament and the name of the winner(s). When a user visits the Twikit website he will place his order there. Meanwhile, Twikit connects to the i.materialise API to send the ordered models to our 3D printing infrastructure. We then print and ship the order on behalf of Twikit, using their packaging and branding.
White label: Twikit gets its own packaging.This way, Twikit avoids the huge expense of building their own printing facility, and we get to do what we do best: 3D printing on our cutting-edge industrial printers. Visit the dedicated API page to learn more about connecting your business to our 3D printing factory. Want to see what your product looks like as a 3D print? Upload it to Materialise’s website – the online 3D printing service will take care of the rest. Also make sure to browse an overview of available 3D printing materials here. You’ll be surprised to see what is already possible today. And, last but not least, don’t forget to create your 3D printing company’s page on the 3D Printing Business Directory. It’s free!