200 Unique and Memorable 3D Printing Company Names
3D printing is a booming industry that Fortune Business Insights projects to grow by 24.3% CAGR from now until 2029. The technology lets business owners create intricate designs that would be challenging or impossible to produce with other types of technology. 3D printers can create organs, food, and houses, among other items. This guide will…
3D printing is a booming industry that Fortune Business Insights projects to grow by 24.3% CAGR from now until 2029. The technology lets business owners create intricate designs that would be challenging or impossible to produce with other types of technology. 3D printers can create organs, food, and houses, among other items. This guide will help you turn your skills for 3D printing into a viable business with an effective name.
Why a 3D Printing Business Name Is Important
Customers remember your business through its name. The name brings back to mind the customer’s experience, and it’s how customers tell their friends about your company. A good name can tell audiences what to expect from your 3D printing business and the intended prospect.
How to Choose the Best Name for a 3D Printing Business
Your business name will form your brand identity and impact how people view your business. Here are some tips to come up with the perfect name.
Brainstorm Your Name Ideas
You don’t have to discover the best name right away. Write name ideas down, and use your products, target audience, location, and other components as inspiration for a good business name.
Choose a Name That Is Short and Easy to Pronounce
If your company’s name is a tongue twister, customers will have a more difficult time remembering it and telling others. A shorter name is easier to remember and attracts customers to your business.
Ask for Feedback From Family and Friends
After deciding on a few business names, you should present the final list to family members and friends. Receiving feedback from multiple people gives you more perspectives you can use to reach a final decision.
Check the Domain Name Availability
After deciding on a business name, check if the domain name is available. This is the final step to getting a business name, but it shouldn’t get overlooked. Many customers will do their research online and purchase goods without visiting your commercial property. If the domain name is taken or used by a competitor, you can lose business from the confusion.
*Note: The names listed above are intended for inspiration only. Names may be in use and or availability subject to change.
How to Start Your 3D Printing Business
Once you have finalized your name, you can now start planning for your 3D printing business. Follow these steps to turn your idea into a vibrant business.
Write a Business Plan
A business plan details your objectives, opportunities, and risks such as market research, marketing strategies, and financial projections. This plan acts as a GPS that will help guide your actions throughout starting your business and can be adjusted as your company grows.
Decide on Your Business Structure
Each type of business structure has different advantages and disadvantages. It’s recommended to compare each of the entities to decide which one fits your business needs.
A sole proprietorship is a one-person business. You can make decisions faster because you don’t need to seek partners for approval. It’s easier to get a sole proprietorship up and running, and you won’t have to worry about annual fees. However, this business structure does not have favorable tax treatments, and you are responsible for covering any losses. Sole proprietorships do not provide the same legal protection as you may have with other types of business entities.
A partnership is a group of two or more business owners. This arrangement separates your personal finances from business finances and offers legal protection. Each partner shares in the profits and losses, and a business can grow quickly with the right team. However, a partnership can take down a great business if the owners have frequent disagreements, making it harder to implement initiatives within the company.
Limited Liability Company (LLC)
An LLC provides legal protection and tax benefits you won’t enjoy with a sole proprietorship. This structure has annual fees and can operate with a solo business owner or operate with multiple owners (members). Due to the way LLCs are structured, it is more difficult to get investors to contribute capital to your company.
A corporation has several tax advantages, but double taxation hampers some of the perks. Corporations are best for large businesses that aim to get venture capitalists and other investors on board. This business structure is the most favorable for receiving outside capital, but it has detailed reporting requirements and annual fees. Corporations provide legal protection by separating personal and business assets.
Choose a Good Location
Your company’s location impacts the monthly payments, clientele, and how many people visit your store. Business owners should research their competition and look at who lives in an area before leasing or purchasing a property. Create a customer avatar and see if a location’s resident avatar checks off most of the boxes.
Register Your Business
You have to register your business to operate on commercial property. Registering your business also comes with tax advantages and legal protection.
Obtain Licenses and Permits
Obtaining licenses and permits will be needed to run your business legally. Federal, state, and local agencies can offer guidance and let you know which licenses and permits apply to your 3D printing business.
Open a Business Bank Account
Opening a business bank account will help you improve your company’s business credit score and separate your personal and business finances. It gives your business a more professional look and also helps with processing credit card payments.
Get Business Insurance
Business insurance offers financial protection from various situations. You can give your business as much or as little protection as you desire. You have to maintain the minimum requirement, but you can branch out to other types of insurance. Here are common business insurance policies to consider.
General liability insurance
Commercial property insurance
Data breach insurance
Business income insurance
Look for Funding if Necessary
You may need initial funding to launch your business, and even established companies frequently tap into loans and venture capital. Business owners should determine how much capital they need to open up and reach out to lenders and investors. A strong personal credit score may help you get a lower interest rate and a higher loan amount.
Buy Necessary Equipment
3D printing businesses need equipment and supplies. Create a list of the assets you need to run your business and buy what you need. A small business owner may want to start small in the beginning and make more investments as the business takes off.
Promote and Advertise Your Business
Business owners have many ways to promote their businesses. Create and optimize your website to start getting search engine traction and establish your home on the web. SEO, social media marketing, content marketing, and PPC advertising can all help with driving more results. Business owners should also look within their local communities for marketing opportunities. In-person events and professional organizations can drum up business as well.
Bring Your 3D Printing Business to Life
Starting a business is exciting, but it can also involve several hurdles. Having a reliable companion can make the process easier so you can focus on serving customers. Here is where doola can help.
Our team of experts can guide you with business formation, business banking, and bookkeeping services. It’s the go-to tool for thousands of business owners who want to start and run successful companies. Embark on your business journey and contact us today!
Is the 3D printing business profitable?
Yes. 3D printing businesses are profitable, and the industry is experiencing strong growth.
What is a fancy word for 3D printing?
Additive fabrication is a fancy word for 3D printing.
Where can I sell my 3D prints?
You can sell 3D prints on eBay, Etsy, Amazon, and other popular e-commerce websites. You can also create your own website to sell your 3D prints.
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