If you need some extra cash on the side, a good option would be to start a side hustle. There are many things you could do to earn extra cash, but today, we’re going to talk about a pretty niche side hustle – laser marking. Is that a good, profitable side hustle, and should you invest in a laser marking machine? Well, let’s find out.
How Much Does It All Cost?
First up, we have to discuss the initial investment if we want to know whether it is a good idea or not. You have two options – to buy a laser marking machine or rent one out. Rent is a little bit easier on the wallet if you’re tight with cash, but then again, if you rent it long enough – you’ll eventually spend more than you would’ve initially spent on a new laser marking or a laser etching machine.
If you’re looking to buy, well, some of the entry-level models will cost anywhere from $500 to $1200. On the other hand, if you need something a bit more advanced, be prepared to spend upwards of $10,000 or even $15,000. We wouldn’t recommend going all-in if you’re just starting. Make a name for yourself and get some clients before spending a 6-month rent on a laser marking machine.
Is It Hard To Learn To Use This Machine?
Another thing you have to consider is how hard the job will be. Fortunately, to use a laser marking machine, all you have to know how to do is read an instruction manual, and that’s it. Essentially, you’ll be ready to operate the machine and make some money off of it in a matter of days, maybe even hours. So, as far as difficulty goes – this is as easy as a side hustle gets.
How’s The Market?
The biggest fear of everyone starting a side hustle is how to make it to the market and sell their products or services. We would lie to you if we told you that the market isn’t saturated and that it will be easy to make it. It isn’t. However, it would help if you didn’t worry about it. The only thing you should worry about is perfecting your craft and letting your skill and quality products make a name for themselves.
Can You Make Money?
If your question is, can you make easy and fast money, then the answer is no. On the other hand, if you’re just wondering can you make some money on the side doing laser etching, marking or engraving, then the answer is a yes with a capital Y. There is money in this line of work. Sure, it will take some time before you start making some serious money, but you’ll get there if you work at it. And, who knows? Maybe one day, you’ll strike a major contract with a company and make laser etching your main business instead of a side hustle.
Final Verdict – Is It Worth It?
Yes, absolutely. Investing in a laser marking machine is a good decision. The job isn’t as arduous as it seems, the machines are fairly affordable at an entry-level, and it is only a matter of time before you start making money off of it.