One of my favorite 'old time' makers is Don Lancaster. In those days
publishing on paper was the big thing. But a lot of the logic is the
same. Get a copy of his "Incredible Secret Money Machine" and read it
(it is thin, but great and interesting content for makers wanting to
live off of making). Don also published many books on electronics and
was in several magazines for many years. His web site is
www.tinaja.com
On the Shopbots form
www.talkshopbot.com has several threads over how
to start a business and make money using a shopbot. (ShopBot is a CNC
machine that is easy to use, and has grown from a DIY system to a full
fledged project line over the years. It has a wonderful forum and
even the direct support from the company is great.)
MechMate.com is a forum that has plans for a more customizable and
'heavy duty' CNC rig than ShopBot, but the first MechMate was really a
modified ShopBot. The origional builder of MechMate, Gerald, is still
around the forums. He and his son have built 7 or 8 that they use in
their South African shop. Gerald origionally designed it for his use.
In the last year or two he sold the forums and rights to the plans to
a guy in Louisiana that can also sell you some of the parts
(especially the laser cut and precision bent steel parts). It is
about $5K to $10K to build, where ShopBot is about 3x that for similar
capability. Normally a build takes 3 months, but it has been done in
1 week and others take years.
Anyway, some of the threads in the MechMate forum address the 'how can
I start a business to pay for this'.
The basics I got from the ShopBot and MechMate forums is: yes, you can
make money running them, but it is hard. They tend to be better to
HELP increase production or add revinue stream to a current business.
In both cases, the suggestions boil down to: do a business plan, do
cash flow analysis to make sure you start with 'enough capital' and
know where you are financially, define your target market, define a
marketing and sales plan. ... If you are smart, don't quit your day
job. Build something, run it part time. Find some companies you can
be a supplier to.
I also read various woodworker forums and even the Epilog (laser
cutter) support forum where their members also bring up the same issue
(how can I make money with/doing this). The answer winds up being
smilar in all these areas.
There are many stories about people buying/building a service just to
find they can't find anything to get paid for that pays enough to
cover costs and make some profit. I hate to see these folks go out of
business, but that is what tends to happen eventually with most of
them especially if they don't know their target customer before they
go into business.
I can say that because I have been there/done that.
Best of luck! .. Jack