Do you have a 3D printer and want to earn money? Well, we will thoroughly guide you on how you can make money with a 3D printer. There are numerous methods to earn money with 3D printing. But it demands a little hard work.
Is a 3D printer profitable?
Before moving forward, let’s get to the bottom of this question. Is it possible to make money with a 3D printer? The answer is yes; you can make money with a 3D printer. Although 3D printing is still pretty new on the market, the 3D printing profession is a whole industry that is already quite profitable and makes a lot of money. How much you earn relies on nich you are in. If you are doing 3D printing for the general public, you may hardly cover your cost because the general public loves low-cost goods. However, if you’re handling customers who need 3D printing to address a costly problem, they’ll be more likely to pay for it.
“The creation of three-dimensional products using a CAD model or a digital 3D model is recognized as 3D printing. This technique uses various procedures to create three-dimensional products in which material is placed, merged or frozen under computer control.”
What can you create with the 3D printer?
You can create many products via a 3D printer and earn money. Here is the list of some products:
- Products model
- Shoe design
- Novelty item
- Machinery parts
- Fabricate models
- For medical purposes
- Self-watering planter
- Phone dock
- Holder of toilet paper
- Amazon echo dot wall mount
Various Ways to Make Money with the 3D Printer
Here, we described multiple ideas to make money with a 3D printer. Some of the ideas below sound high-grade, and some sound terrible. It depends on you which niche you like and makes money.
Offer Customized 3D Printing
When we consider the possibilities of profiting from 3D printers, the initial thought that almost everyone has is to start a print-on-demand business. Customizing is among the most common methods for turning new recreational technology into a prospective business.
For an extended period, customization meant presenting the same things in different colors and sizes. But as we progress, our demands change. Now change in color and size is not okay. People look for something new. You can earn more money by customizing. According to a YouGov poll, 46% of Americans are ready to pay more for customization, and 19% of those who have never personalized a product before are likewise eager to pay more for it.
Sell 3D Printed Goods
Selling 3D printed things is another common way to monetize 3D printer usage. Etsy is one of the largest platforms. Etsy is popular among handcrafters because of its enormous clientele. Many people have earned popularity on Etsy by selling pre-made products with a bit of customization or full-on 3D printed objects.
In 2016, we were first selling the products on Etsy and made a lot of money. But as time passed, competition became high, so we stopped making money because of copyright problems.
Products you can sell on Etsy:
- Freezing Bernie
- D & D miniature
To stand out among the competitors on Etsy
- You have to present something unique that sets your product apart; otherwise, profit will be below.
- Do not compete on pricing
- Take high-resolution product photographs
- Ask your satisfied client to post a review
One risk is that your business is under the control of Etsy. The copyright issue is very typical on Etsy.
Provide Service for Prototyping
Prototyping business is high in demand. Designer, construction, Engineer, or architecture experts are in high demand of printing the prototyping service. You have to present the prototype created by your printer to all of these people.
The supplier then uses the prototype for bulky creation. Professionals are searching for rapid prototyping services because they are aware of advantages, reduced prototyping cost and design, reduced design errors, and the ability to build an extremely complex system that would otherwise be impossible to construct using traditional methods.
For instance: a polish company called YLE Engineers developed a unique bridge prototype using a 3D printer available for rent. They produce the miniature model of the bridge using the 3D printer, allowing them to test all of the conditions under which a bridge would work effectively. By using this method, they save both money and time.
Start Providing 3D Printing Courses
Another strategy to monetize 3D printers is to concentrate on the market and university demand for information. Top institutions and corporations are ready to pay for a professional who knows everything there is to know about 3D printing and can teach their employees/students how to utilize it appropriately.
Many colleges may decide to create new posts for 3D printing lecturers soon. Until then, we recommend that you start teaching 3D printing courses to develop your skills and leave a legacy.
Because of decreased cost and enhanced adaptability, Penn State University recruited many 3D printing gurus. These professionals have arrived prepared to educate students on creating personalized products and exploring with 3D printing.
In the process, they came up with fresh ideas and identified new applications for 3D printers. The same gain you’ll get from educating others is that you’ll improve your 3D printing skills.
Technical universities are trying to better the method of education for engineering students. They want to replace the current system of studying (diagram and reading about the famous discoveries) with new methods by doing practicals and hands-on techniques to design and fabricate the components with 3D printers.
Print For Others
We’ll start by mentioning all of the other ideas; launching a 3D business is most difficult. We are lucky that we are in the technology world, where 3D printing is new and famous. The 3D printing business involves some risks that you have to care about.
Making money by printing for others is an intelligent way. For this purpose, there are many online marketplaces such as 3D Hubs, MakeXYZ, and Threedigo 3D Hubs and MakeXYZ are popular sites. As a printer owner, you may use these marketplaces to reach out to potential clients and print for them. You have to add a printer to their network and wait for local clients to approach you.
Many companies, business owners are in search of 3D printing services. They will approach you with a specific item in their mind. You have to create an item for them and then send it to their address via FedEx or personally, depending upon you, which is far easier for you. You will get paid a considerable amount for this.
For instance, a jeweler came to you with a specific design. He gives you an order, you print some prototypes and send him back for mass production.
Threedigo is another marketplace for 3D printing. You may reach out to customers looking for 3D printing services through this massive online marketplace. You may fulfill their requests and send them the design they require after the customer uploads their sample model and selects the appropriate material.
The client, as a rule, is the one who wants to pick up the stuff from you. If you prefer to deliver the stuff to them, you can get a better deal. Some buyers, on the other hand, will want to see your printer in its current state. Eventually, it will be up to you to explain the best result to each client.
Start Youtube Channel
In this technology universe, youtube is a very famous platform to earn money. Many people search on youtube instead of taking online courses and pay for them. But, it is not as simple as you think. It needs hard work, more time to create content. On the other hand, competition on youtube channels is challenging. To stand out among the competitors is a bit difficult.
Here I said difficult, not impossible. If you have potential, then with hard work, you can start to make money. You have to focus on targeted keywords and monetize your youtube channel. Once your videos become popular, your passive income will start.
Is 3d Printing Expensive?
To start your business, you must first get a 3D printer. 3D printer prices range from $200 to many thousands of dollars or sometimes hundreds of thousands of dollars when you want industrial 3d printers or the newest varieties of them. If you’d like to take your business correctly, you’ll invest between $3,500 and $6000 on a professional 3D printer that produces high-quality prints. Based on your strategic plan, if you don’t require a remarkably accurate 3D printer, you can get a good quality one for around 700$.
You’ll make a 3D printer by yourself following the Thomas videos or following the instruction of RZtronics. But it will not be as accurate as produced by the company.
Finally, it is possible to make money via 3D printing. You can earn money in different ways, including selling 3D products, print for others; provide services for prototyping, and many more. But all it requires great hard work and consistency.