Laser engraving has become a popular industry in recent years. Many people have discovered its commercial value and want to start a laser engraving business. That is why more and more laser engraving companies are now appearing in the market. Are you worried that you will not make any money from your laser engraving business? In fact, your fears are unwarranted. Laser engraving technology is now used in a wide range of applications. You can mark and engrave many products with an engraving machine, including wood, metal, acrylic, leather, and many more. Therefore, the potential of the laser engraving business is unlimited. Next, I will tell you a little bit about how to start a laser engraving business.
What do I need to start a laser engraving business?
Wherever you are in the process of starting a laser engraving business, you probably have many concerns about the whole idea. We get it – buying a laser can seem like a risky move. That’s because a laser engraving machine is not cheap. However, you can start a laser engraving business without any problems with a bit of research and knowledge. The business is not only creatively satisfying but also lucrative.
We are talking about the 4 main advantages of starting a laser engraving business so that you can distinguish fact from fiction and feel confident about your purchase.
Shortage of markets
Nowadays, we go for uniqueness, and when you have good ideas and creativity, this means a lot of space in the market for your unique product. Create something amazing and offer your customers items they didn’t even know they needed. Take a plain product and add personalized laser engraving – you have a 100% unique product that you can’t find anywhere else. Putting your own ideas on a product is enough to make you stand out and shine.
But you don’t need art to create a personalized product! As mentioned earlier, there are thousands of pre-designed files available on the internet that you can use as is or modify to suit your needs. Some are even free!
Consumers now love personalized items, and they are willing to pay for them! You just need to find products that people can’t find anywhere else. Many products can personalize to increase their value by 200% or more. Create priceless products, and your customers will have no problem paying for them.
Laser engraving machine simplicity and ease of use
With any new technology, there is a slight learning curve. But lasers aren’t hard to learn to use. When you boil it down, it’s like sending a document to the printer! When finding the perfect laser system for your needs, be sure to ask about training and support after your purchase. A skilled technician will come to you and train you on how to use your machine. You will be able to answer all your questions and feel confident in running your machine!
In addition, you will find peers on Facebook to talk to other machine owners, get help and ask any questions you may have.
It’s a tough process, though, as you can do so many things with lasers that it can be overwhelming at first. Our best advice is to start with a few products and get really good at creating them.
You could go from home decor to stainless steel mugs, from brickwork to signage. Spend some time getting to know your audience and finding out what kind of products they want. Don’t try to create everything. Gather inspiration from people who are already successful. These few tips will help you launch your laser engraving business to produce innovative products that many of your customers will love.
Marketing Made Simple
Marketing is essential to the success of any business. However, the products you will manufacture using lasers will sell themselves. We’ve already mentioned that consumers love personalized items that are unique to them.
Post some items on your local Facebook community group or have the name or logo of a local business engraved on a YETI mug and give it away. Leave some samples of engraved coasters (with your company name on them, of course!) at your local pub to raise awareness. Try your hand at a local craft fair and display some popular items. These are just a few ideas on how to market your product, and the sky is the limit!
Support from a professional after buying a laser engraving machine
This myth depends entirely on which laser manufacturer you end up buying your laser from. If you think you’re going to buy a laser from Amazon or eBay and get support, think again. It doesn’t exist. Some companies offer a limited range of support times, from a few months to a year or more, and they all come with time limits.
At hispeed, we take support very seriously. We support your machine for life. Our very active user base is full of machine owners of all levels who are happy to help you on your journey. We just want you to be successful in your business, and we will support you every step of the way.
Priced under $8,000 (US prices only), you can start your laser engraving business immediately. All you need is the laser, your own computer, and your favorite graphics package (CorelDRAW, Illustrator, Photoshop – you decide!) The laser works just like a printer – you can set up the image and can “print” it onto your material in a matter of minutes.
We offer on-site and online training for our customers. Indeed, the training is mainly on your graphics software. If you already know how to use Corel or other software packages, then you already have 90% of the knowledge. The laser is very easy to use and operates in a similar way to your printer.
I . The laser engraving business has a large market demand
The laser engraving business is a sunrise industry. Many people who are new to the laser engraving industry instinctively ask first for laser engraving equipment and then how to make money with laser engraving machines. And as the economy grows, the scope of the laser engraving business continues to expand, and demand increases significantly. Most manufacturers say that the demand for laser processing and engraving products is growing. Manufacturers of laser engraving machines now continue to make technological improvements and are constantly looking for laser processable materials to bring more applications to market.
A. Nameplate customization
Many places now require the use of nameplates that show the identity of an individual or the image of a company. Laser engraved nameplates are one of the most widespread applications in the laser engraving business. Laser engraving machines can engrave one’s name, position etc. on various materials such as brass, iron and wood. Customised nameplates can also be hung in offices or other public places to add some character to the whole space. It is also possible to paint some designs on the nameplate to add character to it.
B. Laser engraving business of glass products
Glass is a ubiquitous material. It can be used as a window and can be carved into crafts. But whether it is glasses, trophies, bottles, etc.-well, you get the idea that laser engraving is suitable for customizing various glass products. Laser engraving and etching glass can add an artistic sense to the glass, and it can also make a frosted texture. In this way, the laser-engraved glass will become a unique artwork. You can also design your patterns for engraving so that the glass products have their characteristics.
C. Laser engraving business of metal products
Laser cutting metals, such as gold, silver, iron, brass, etc. And almost all metals can be laser engraved. Metal laser engraving can not damage the structure of the metal surface and carve exquisite patterns on it. Whether it is medical equipment or auto parts, laser cutter metal can accurately and engrave the logo we want. Fiber marking is the most advanced technology for metal laser engraving, and any complicated pattern can be perfectly engraved.
D. Laser engraving business of wood products
Laser engraving wood is also an inferior laser cutting technique. We can use a laser to engrave wooden toys, souvenirs, models, etc. The thickness of laser-engraved wood is as high as 30cm. It doesn’t matter if you want to carve hardwood, plywood, or veneer. The wooden handles, picture frames, or reliefs of kitchen knives are all finished with laser-engraved wood in daily life. Therefore, the number of wood element crafts or small parts in life has increased, and the demand for laser cutting machines has also increased.
II. How much does it cost to start a laser engraving business?
If you want to buy a laser cutting machine, but you don’t have much budget. You can buy a simple and effective laser engraving machine according to your needs. If you have enough money, you can choose to buy a fully functional expensive laser engraving machine. And no matter how much you spend on a laser engraving machine or fiber laser system.
You should pay attention to what benefits and profits you will get from your investment. In addition, the intangible maintenance cost and the added value of the machine, such as longer service life, are closely related to the quality and efficiency of the device. So let’s briefly introduce the various associated costs of the laser engraving machine.
Our customers’ most frequently asked questions include: what is the price of a laser engraving machine? How much is the cost of renting a laser engraving machine? And other related questions. Next, I will tell you about the answers to these questions.
A.The cost of purchasing laser engraving machine
The price range of buying a laser engraving machine:
$520.00-$1,120.00 $1,650.00-$2,500.00 $5,000.00-$8,000.00 $5,900.00-$15,000.00 This is the approximate price of a laser engraving machine, we can buy the most suitable laser engraving machine according to our needs and budget. The life of a laser engraving machine is about 100,000 hours, so the average daily cost of buying a laser engraving machine is $0.0052/hours-$0.15/hours.
B.The cost of renting a laser engraving machine factory
The current rental price of a laser engraving machine is about $209/month* -$509/month*. There are small price fluctuations according to the function of the laser engraving machine and the degree of old newness.
C. The cost of employing workers to operate the laser engraving machine
If you need to rent a laser operator, the average price is 18.12 US dollars per hour according to the current market price. But if you buy a fully automatic laser cutting machine, you can save this cost.
D. Other costs of laser engraving machine
In addition to the purchase price of the laser cutting machine, it will also incur some other costs in future use. The most significant expense is electricity. The premise of the laser engraving machine is that there is a sufficient power supply, so this is part of the follow-up expenses.
Another part of the cost is the repair and maintenance of the machine. Under normal circumstances, it will rarely damage the device. Still, after a long time of use, it is difficult to guarantee that the laser engraving machine will not have any problems. So there may be a part of the cost of replacing parts or repairing in the future. However, manufacturers now have after-sales warranty services. For example, within three or these five years, the manufacturer will repair the parts of the machine free of charge. This also reduces the worries of some buyers.
III. Establish your business plan-make first-phase preparations
If you are still hesitating, do you need to buy a laser cutting machine that suits you to start your own business? Or is still considering how to make a profit after the purchase. At this time, the critical line of a business plan is shown. It is your first step in starting a business. We must first plan to do things, and the same is true when we start a company to make money. We must instead have a Laser engraving business plan.
The laser engraving business plan can organize some of the ideas in one’s brain and deal with problems in time. This may sound redundant, but you need to plan your business plan. The business plan can be complex, and you are responsible for the goals you set. It would help if you also spent much time doing market research. Know whether the project you are doing is profitable. And its development prospects.
This is a very critical first step. You must first understand your own capital cost. This can better help you plan various things in the future. It includes not only money costs but also labor, time, and other cost calculations. It would help if you did adequate market research.
B.Budget and Cash Flow
Prepare for the first step, and then start to calculate the maximum budget you can afford, or calculate the minimum budget that you may spend. After the preparations for employees, factories, and materials have been completed, how much cash flow can I have.
It is also essential to design your unique trademark. This can help customers remember your laser engraving company better, which is more profitable.
D.Form a legal entity
E.Become tax compliant
All company profits must comply with national laws and regulations, and all legal rules must be strict.
F. Embrace Regulatory Compliance
G. Access suitable Insurance options.
H.Brand your business.
IV. Choose a suitable factory location for laser engraving machine
Choosing a suitable location is very important. A good factory may be slightly more expensive, but it can save more money. A good factory location is convenient for transportation and can deliver products to customers more timely. And if it is a large-scale wholesale, the factory can choose cheaper water transportation if it depends on the sea.
If the factory is in a remote location, it will spend more money on transportation. Even the money spent on transporting products far exceeds the money spent on renting a house. Therefore, we must choose a suitable place for the factory at low prices and convenient transportation. Summarized into the following three aspects:
- convenient transportation
- The rent is cheap
- The surrounding infrastructure is relatively perfect
V. Choose laser engraving machine manufacturer to buy the machine
It is also very important for us to choose an excellent manufacturer to buy a laser engraving machine. Here take hispeed as an example, and I recommend a few good laser engraving machines for you.
There are many types of laser engraving machines. Please consult their staff if you need them. They will have professionals to choose the best solution for you.
VI.Marketing activities for laser engraving machine business
The impact of the laser engraving business before the official opening of laser engraving merchants is also significant. We are now in the Internet age, and we will promote both online and offline. This will help laser engraving businesses to obtain more business and get better benefits. Laser engraving businesses can specifically promote business from the following three aspects.
- Opening Preferential Activities
- Accumulate the praise and promotion of old customers
VII.Constantly optimize the laser engraving process
After establishing the factory, the laser engraving business will continue to optimize the laser engraving technology. Keep up with the times and develop new technologies while perfecting the technology. Laser engraving businesses must keep up with the trend of the times and avoid being eliminated.
The above is the preparation before starting the laser engraving technology and the brief answers to various questions. If you still have questions about the laser engraving machine. Welcome to contact our staff. We will answer your related questions from the most professional perspective.