How to make money online
So you bought a CNC machine.
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 frequent.
I see frustration, and some folks feeling beaten having tried and failed.
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 an IPO.
I started CNCCookbook without any outside capital.
Without those answers, writing a Business Plan is almost impossible.
It walks you through the very first 3 questions to answer before you making money machine online anything else about starting a CNC or Machine Shop Business.
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 is someone who risks it all to pursue their passion.
We think Entrepreneurship is all about sacrificing comfort, safety nets, and backup plans.
There was a big study done that followed 6000 small businesses to see what made them tick.
Those that kept their Day Job until their small business was far enough along to pay the bills were 33% more likely to succeed long term than those who just quit and went whole hog.
Moonlighting will make you feel incredibly short of time.
You will learn to focus and choose the most important thing congratulate, practice tests online free necessary work on.
You will learn the value of good enough, as there is not enough time for perfection.
It will force you to make smart trade offs and prioritize.
Not 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 force you to learn more as you go.
Lastly, it will keep you from stressing out and going crazy as you watch the money run out.
With a Day Job paying your bills, you can afford to take it slow, learn how to succeed, and perfect your business chops.
And, it never goes away.
How to keep 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 Geeky Engineer without a clue for a long time.
In fact, it never really worked all that well.
You are very likely to fail.
We love to talk product and we like to think product is everything.
You need to accept and embrace the 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 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.
This one is HUGE.
You have the luxury of picking a fight you can win.
You even have the luxury of testing it out to be sure you will win before you invest too much in it.
Pick a fight you can win… This concept is pure from making money machine online back.
This principle is true on many levels.
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 it.
When I decided to write CNC Software, the very first thing I considered building was CAM Software.
But I knew that CAM was absolutely the most competitive hardest market there is in CNC with the possible exception of CAD.
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.
So I backed away from CAM and built G-Wizard instead.
Can you imagine how happy I am with that decision given that there are now giant companies giving away fabulous CADCAM software for free?
Hello Fusion 360, good bye little tiny CADCAM companies, we hardly knew ye.
So, pick your fights carefully.
Remember one other thing too—there is always competition.
And there is always room for more than just click for source 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 be sure.
This is very important to know about yourself as it will affect some of your decisions down the line.
I like to use the analogy of acting versus writing.
You are writing copy that sells.
You can analyze the results, revise it, and see if the results improved.
It happens in real time, face to face.
You can analyze the results somewhat, and refine them for your next sales meeting.
But not to the degree you can with writing.
Anything watch free online 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.
Local or Online A related issue is the whole Link or Online thing.
Do you sell on a website?
Or are you going to sell to your local geography?
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.
Choose your business to fit your strengths.
Develop your strengths to fit your business too.
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.
How can you succeed as a Job Shop?
Well, you are a guy in a garage, so your overhead is less than many shops.
Geography Niche 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 a 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 know, 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.
Prototype Niche Most Job Shops want larger part runs.
They optimize their processes and increase their margins.
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 anyway.
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.
You need to figure out how to get it right the first time every time to succeed here.
Machine Capability Niche Maybe you own the only machine that can do a certain something in your geography.
I know a guy that lives on an island near a harbor.
He has big travel Milltronics machines and he removed the enclosures to make even more room.
He put the word out to the ships that call there that he can make repair parts.
Ships need big parts, and it is really expensive for them to be stuck in a harbor waiting on parts.
So he does pretty well in that niche.
Material Niche Shops can make a go by being the experts at certain materials that are hard to machine that most shops shy away from.
Take Tungsten as an example.
What I mean is they did a bunch of work that gives them a major advantage for a certain kind of part that has many variations.
Then they only do jobs for that kind of part.
Examples are custom gaskets, custom bushings, and custom manifolds i.
In each case they put together fancy customized software that makes it easy to pump out high quality g-code for any part in their niche.
Do they come to get a copy of a part you made for someone else?
Check out the makes: Great niche!
Find a niche to take some of the pressure off to be the cheapest.
Be the only guy that can do making money machine online job and you will likely get the job.
I mean every expense and decision.
What making money machine online want to do is place a lot of small bets and double down on the winners.
Once you do, focus on it.
Put all your energy there and maximize its success.
You should be able to ride it a long way!
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It brings together a lot of elements that I was never able to put into words.
There is a lot of info here that I intend to try out.
A lot of my projects and ideas never pan out, partly because I never know what step to take after the initial idea springs to life.
Keep up the great articles!
This resonates very well with what I have had to learn the HARD way.
Your software has saved my hide several times.
I found out the hard way.
Also true to start tooling up after the money comes in and not before hand Submit a Comment Your email address will not be published.
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How To Make Money Online 💸 (11 REAL Methods)
Okay, you’re ready to start making money from your sewing. Now let’s take a look at the ways you can go about actually doing it. 5 Ways to Make Money Sewing. The great thing about making money with your sewing is that there are so many ways to go about doing it.
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