The laser engraving market is booming. It was worth $2.1 billion in 2019 and is expected to grow to $3 billion in 2024, a 6% increase. Laser engravers efficiently etch a variety of materials – wood, metal, plastic, glass or stone. This opens endless creative and profitable possibilities for entrepreneurs.
What is laser engraving? It is where a laser machine cuts, marks, or etches materials like metal, rubber, wood, or plastic. Laser engraving is a subset of laser marking. It engraves an object while marking leaves non-engraved marks on objects through other methods.
Starting this creative business is easy. You need a laser engraver, materials to engrave, and a computer. If you’re not a designer, you can outsource artwork. Set up in your garage or backyard to minimize costs initially. Sell engraved products on platforms like Etsy and eBay or offline stores. Put in hard work like any business. You can earn well if you tap niche markets and establish efficient operations.
A profitable laser engraving business requires considering several factors:
- Targeting niche markets with high demand significantly impacts earnings.
- Establishing competitive yet profitable pricing structures is crucial for maximizing profit.
- Operational efficiency and managing costs contributes to profitability.
Can you make money with a laser engraver?
Yes, by targeting niche markets, establishing a profitable pricing structure, and managing costs effectively.
What laser engraved items sell well?
Popular items include engraved jewelry, automotive parts, or other custom-designed items.