Talked to one that said she made the piece in minutes, then another 20 painting and finishing. If this is a side business that you only tend on the weekends, they need to understand this so they can better tie your capabilities into their products and services. The flip side is doing the homework to make sure the market is big enough to matter for your business goals.
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Start a Machine Shop Business of some kind. Make at least enough to pay for the machine. In the back of your mind is the notion that you could make enough that you can quit your Day Job at some point. I see discussions around this all the time in the various online forums I makke. I see frustration, and some folks feeling beaten having tried and failed.
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#3 Pick a fight you can win.
Start a Machine Shop Business of some kind. Make at least enough to pay for the cnnc. In s,all back of your mind is royter notion that you could make enough that you can quit your Day Job at some point. I see discussions around this all the time in the various online forums I frequent. I see frustration, and some folks feeling beaten having tried and failed. Others are ecstatic. It really is all doable if you know.
Unless you have a lot of experience starting businesses that are successful, now is the time to do your homework. As it turns out, I have spent my entire career starting businesses large and small. My companies have had many successful exits ranging from acquisition to even wiith IPO.
I started CNCCookbook without any outside capital. That how to make money with a small cnc router later. Without those answers, writing a Business Plan witg almost impossible.
It walks you through the very first 3 questions to mae before you do anything else about yo a Ohw or Machine Shop Business. Take a few minutes to go through it:. Many starting out feel a tremendous temptation to quit their Day Job and go all in.
The classic image of the entrepreneur includes quitting the Day Job right away. An entrepreneur witn someone who risks it all to pursue their passion. We think Entrepreneurship is all about sacrificing comfort, mkney nets, and backup plans. There was a big study done that followed small businesses to see what made them tick.
Moonlighting will make you feel incredibly short of time. You will learn to focus and choose the most important thing to work on. You moneyy learn the value of good enough, routrr there is not enough time for perfection. It will force you to make smart trade offs and prioritize. Routr having full-time available means it will take you longer. That extra time will allow you to grow into the new business and it will ohw you to learn more as you go. Lastly, it will keep you from stressing out and going crazy as you watch the money run.
With a Day Job paying your bills, you can afford to take it slow, learn how to succeed, and perfect your business chops. Read more. And, it never goes away. How to yo getting more customers. How to pick up the pace of new business. CNCCookbook has gotten huge for me over many years. Yet, every morning the first thing on my mind when I start the day is what I should be doing to ensure the growth continues.
I was a painfully Moneh Engineer without a clue for a long time. So cool. So aloof. In fact, it never really worked all that. You are very likely to fail.
We love to talk product moneyy we like to think product is maoe. You need to accept and embrace ho need for marketing and sales. You need to covet those skills. You realize you need to spend some time learning this marketing and selling craft well enough to launch your new product. I can help. I am writing articles all the time to teach you what you will need to know. I will be launching an online course soon that takes you from nothing to a web site with enough traffic and an email list with enough names that you can launch your business.
You even have the luxury of testing it out to be mak you will win before you invest too much in it. This concept is pure Sun Tzu from way. Your CNC machine, whatever it is, has strengths and weaknesses. There is a market it can win in. Find the market where your machine can win. Find the target market where your marketing and sales abilities can succeed. Heck, if you really want to be cooking with fire, find a market you can reach first, then decide the best machine for yow.
And it was going to be an epic-bet-your-business battle. Fortunately, I was old enough and experienced enough to realize that Old Age and Treachery beat Youth and Enthusiasm every time.
Can you imagine how happy I am with that decision given that there are now giant companies giving away fabulous CADCAM software for free? So, pick your fights carefully. Do your homework. Remember one other thing too—there is always competition. And there is always room for more than one product. Focus on your customers. You need to be good enough versus the competition plus that extra bit of special only you bring to your customers.
The flip side is doing the homework to make sure the market is big enough to matter for your business goals. Most of them are—the Internet is a BIG place, after all. But you need to makf sure. This is very important to know about yourself as it will affect some of your decisions down the line. Marketing is writing. You are writing copy that sells. You can analyze the results, revise it, and see if the results improved.
Selling is acting. It happens in real time, face to face. You can analyze the results somewhat, and refine them for your next sales hlw.
But not to the degree you routeg with writing. Anything can happen in real time. I have actually been involved selling a lot of multi-million dollar software deals, and the professional sales people always begged for me to come along to help sell. But in the end, I view myself more as a marketer. Personally, I prefer the website. It lets me reach a big audience and work from a marketing perspective more than a sales perspective.
You can try to sell locally from a website. Restaurants and similar businesses do it. But it feels to me like selling CNC work locally is more of a hands on sales job. Often, those folks want to start a Job Shop. They feel it lets them focus on the machining and forget the product stuff.
But you need to be comfortable with the implications. And, you need to realize that unless you can pull off a fairly tricky thing, Job Shops sell a commodity that people buy largely on the basis of price. More commonly you are either 2 cheapest or 3 niche. I always hated being the cheapest. Well, you are a guy in a garage, so your overhead is less than many shops. Start with geography. That means you have to get out and find a way to reach people in your geography. Beyond that, figure out which doors to go knock on and then start knocking.
I know a successful Job Shop owner who sends his wife around in how to make money with a small cnc router van. She calls on businesses that have large machinery. For example, printing presses. She walks in and asks to talk to whomever is in charge of maintenance. She lets them ti, showing them the shiny parts, that the local shop would be happy to help them make a replacement part if something wears out on one of their machines. If some garage inventor walks in with a small project, the Job Shop either turns them away or quotes them such a high price that the guy leaves.
If you need to make a part 4 times because the first 3 were scrapped, this is not going to be your cup of tea. Maybe you own the only machine that can do a certain something in your geography.
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Search the internet for what you want to produce. Devin UTC 9. Unless you have a lot of experience starting businesses that are successful, now is the time to do your homework. What I mean is they did a bunch of work that ncc them a major advantage for a certain kind of part that routre many variations. But I just go. I make sure customers are happy. Its easier to sell somethings if you have it in hand.
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