I'm brand new to laser engraving as a business. I have been in either the capital equipment manufacturing industry, or the military for the last 30 years.
As a brand new laser engraver provider, I'm trying to get a sense for how much inventory and the variety that I should initially carry. I know that's probably the million dollar question that can't be answered without knowing exactly what I'm targeting. Since I can't know everything up front, here is my general targeted services:
- Material (mainly metal) etching for commercial business - engraving of their parts, so no need for inventory related to that
- Custom engraving for organizations that want products to sell for planned events
- Specialized engraving for end-consumers who want specialized products
- Creating of my own art/products to turn and sell through online or through retail shops locally - (lol... I'll hopefully be able to decide what I want to do there).
- Thinking of providing use of my laser to others for their art, products, etc.
- Not targeting the awards market specifically, but won't turn it down either.
I know this general, but I hope it's enough that I can solicit advice from others who started somewhere and with something for inventory. My initial thinking is to keep some sheet stock of 1/4" or 1/8" birch, acrylics, etc., rather than trying to keep specific "expensive" blank items around.
Thanks in advance for your help!