Here is the truth. Improving the bottom-line revenue of your business is what you strive to achieve on a consistent basis as a business owner.
However, it’s a difficult process for most business owners due to a lot of reasons. First, the competitive nature of businesses these days. Likewise, there are a lot of bottlenecks that you must outdo on a regular basis in your business. Finally, the industry you are in might be a nut to crack.
What if I tell you that there is a technology that can shoot your bottom-line revenue higher than you expected?
With this technology, you’ll effectively solve the problem of revenue generation that most businesses face, attract a lot of investors to your business, and make your business sprout rapidly.
Enter 3D Printing Technology
The 3D or three-dimensional printing Technology was invented in the 80s, with the first 3D printer created in 1984. When the technology was invented, no one had the idea that it’ll have much impact as it does in the technology world today.
Now, it’s used to solve some of the world’s most challenging problems, by providing a real-life 3D visual appearance that can be seen in print, either on a computer, television, or movies.
And you know what? It’s grown rapidly ever since, and according to this report, the 3D printing market is expected to be worth about $32.87 billion in 2023.
How The 3D Printing Technology Affects Different Industries
Ever since it was invented, the 3D printing technology has been described by many as a problem solver. These are some of the positive effects it’s had on lives and businesses ever since.
- Saves more lives: With this technology, it’s easier to make conventional organs required for transplants hence saving more lives. So instead of waiting for donors, organs can be quickly and easily fabricated and used quickly and on time.
- Enables faster production: If you’re in the manufacturing industry, this is good for you. This is because, with this technology, you can produce things faster than any other methods known. And with it, your customers will be more satisfied with your products.
- Changes homes into small factories: Creating anything you want anywhere you are is now possible with this technology. This has improved the economies of countries, as it helps many creative thinkers and innovators change their homes into factories.
- Improves defense system: The defense system has substantially improved with this technology, as it can be used to create sophisticated weaponry. Defense experts say that it does this so well that it’ll be pretty difficult for anyone to detect them.
- Enhances the movie industry: The use of this technology in the movies industry has become pervasive. In fact, it’s very difficult to see movies these days which aren’t released in 3D.
Improving The Bottom-line Revenue Of Small Businesses: 3D Printing Technology To The Rescue
Apart from having positive impacts on businesses and lives, this technology is of immense use if you really want to improve the bottom-line revenue of your small business. Here are some of the things you need to take note of:
#1. It helps you raise funds for your business:
When raising funds for your business, one of the major problems you’ll face is being able to convince potential investors how and what your final product will look like.
In most cases, some business owners resort to showing their would-be investors pictures of their products on smartphones or computer screen, and this has been shown not to help most times. At the end of the day, you might end up not getting the funds needed for your business to sprout.
With the 3D printing technology that is no more, as it becomes easier for you to raise funds. This is because you can make your investors have a feel of what your product will be like at the end of the day, even before manufacturing. If you’re contemplating going the crowdsourcing route through online forums, it’s pretty easier to get more crowd funders behind you if you’re presenting a visual presentation of a real product.
#2. It makes your employees more productive:
No business ever prospers if its employees aren’t productive. This is because it is when you have a productive workforce that you can improve the bottom-line revenue of your business.
If you’re a business that deals with the manufacturing of physical goods, the 3D printing technology can surcharge your employees’ productivity a lot.
Take for instance, if you’re into rapid prototyping; that is you need to build proofs of concept functionally before you begin mass production. In the past, this process could be cumbersome, tiring, tricky and expensive because it involves casting molds used in plastic injection… But with 3D printers and scanners, your employees can create full-size models of what they need, or even go ahead with manufacturing the end products.
This helps in your employee’s output, as they can have more time to engage in things that will help your business grow rapidly.
#3. It saves you more money:
Affording a 3D printer is costly. But due to the demand for this, there are now a lot of businesses that provide 3D printing services on demand. What this means is that all you need to do is create a digital design or outsource it to a specialist, and then approach a specialty 3D printing firm to create it for you.
This saves you money that you would have spent in the actual manufacturing of your products and helps you compete with manufacturing giants such as NASA and General Motors that produce products in mass.
Rounding it up:
If you’re a small business owner that is looking for the perfect tool that will help transition your idea into a product that generates revenue for you then 3D printing is what you need.
It was this technology that the Australian group behind Monster Crayons used. The product which was aimed at helping children that have been neglected and abused to rediscover themselves through art gained traction due to 3D printing. Initially, the two advertising executives tried melting crayons in a saucepan and pouring them into molds they had created themselves, but this failed.
Now, not only do they have innovative products to sell, they have been able to raise funds for their business, thanks to 3D printing technology.