Comprehensive Analysis of 3D Printing Business Plan and Strategies

This assignment presents a comprehensive 3D printing business plan, detailing various aspects of the business. It begins by outlining the business concept, emphasizing the use of 3D printing technology and its applications across multiple industries, including manufacturing, toys, and bioprinting. The plan includes a market analysis that identifies opportunities and potential challenges, followed by a sales forecast and strategies for dealing with competitors. Furthermore, the assignment provides insights into how to attract investors by demonstrating the business's potential for growth and profitability. The analysis covers aspects like market advantages, innovation, and marketing strategies. Overall, the plan provides a solid foundation for a successful 3D printing business venture.

Q1.
Business idea
The world requires more advance inscribing ink on the paper. The printing has shifted from
paper to cloth, wood, ceramics and other plain surfaces. The 3D printing is defined as the process
which is used to synthesize the objects three dimensions. The layers of materials are successively
created under the control of the computer which helps to create an object. The shapes of the
object can be geometric, or any other. The picture is printed from the 3D model or electronic
data source for example: Addictive manufacturing file. The company will be selling 3D printing
machines. The target markets will be the industrialists.
Need of 3D printer business
The 3D business helps to solve the problem of looking the tangible and intangible goods over the
desktop which helps to see the three dimensions of objects at the same time. 3D printing business
is the big innovation for the print industry.
Market problem-solving
It helps to solve the problem regarding the exact view of the picture which enables the buying
decision of the consumers regarding the online shopping. The 3D printing can be done on the
plastic, nylon, metal and other materials.
Market opportunity
The 3D printing business creates a wide range of market opportunities which creates high
profitability for the and high business growth over the span of time. The growth for 3D printing
business force to create new technologies which create many business opportunities for the
entrepreneurs. Following is the list of market opportunities:
1. Production of Jewelry
2. Toys manufacturing
3. Printing of video games characters
4. Printing customized pets
5. Bio printing
Q2.
The estimated total sales for 1 month are $200,000. If the actual sales are half of estimated sales,
then we will analyze the reason and take measures to improve the sales volume of the company.
Q3.

Dealing with competitors
If the competitors start doing the same thing then following measures will be taken:
1. Competitor advantage
The competitor advantages help to compete for the competitors in the market. The advantage
includes providing superior and distinct service in the market. The pricing and concentric
consumer strategy help to create competitive advantage.
2. Innovation
Innovation helps to beat the competition by introducing new technology which attracts the
consumers and creates the brand image in the competitive market.
3. Marketing strategy
The marketing strategy is created to distinct the brand in the market through providing the
best quality and quantity of goods and services. The promotional activities help to create the
brand in the eyes of the consumers which develop the goodwill. The branding helps to create
the distinct image in the eyes of the consumers which develop the goodwill of the business.
Q4.
Following are the reasons which help to attract the investors:
1. Providing proof of statements
The business proofs help to attract the potential investors who are in the form of case
studies. The route of the business plan with the proof and financial projection help to prove
that the investment will grow money with a particular period of time.
2. Robust research and development
The strong research and development help to provide a more appropriate projection of
statements which helps to prove the worth of an investment.
3. Ensures secure investment
The ensuring of secure investment through trust building and healthy relation helps to attract
the investors.