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Maximize Your Profit with Laser Engraved Business Cards
Are you looking to expand your laser engraving business and maximize profits with a diversified portfolio?
Laser-engraved business cards can be a signature service that offers a unique and high-demand product to set your business apart.
This article will guide you through the essentials of creating, marketing, and business diversification techniques with laser-engraved business cards, addressing the common questions and challenges engraving business owners face.
What will you learn from this article?
- Potential profit margins of laser engraved business cards
- Target customers and effective marketing strategies
- Different materials for business card engraving
- Step-by-step engraving processes for various materials
- Sourcing and making blank cards
- Pricing strategies and avoiding delivery rejections
- Expanding your product offerings
How Much Profit Can You Make from Laser Engraved Business Cards?
Laser-engraved business cards can generate high-profit margins, often exceeding 60-70%. Such profit margin is very lucrative if you compare the annual sales volume with business achieved from other products such as wood and leather engraving.
More importantly, business card engraving builds a dedicated customer base that helps secure future business.
Traditional business cards cost around $20 for 100 pieces, while laser engraved cards can be priced significantly higher due to their premium quality and customization options.
You can count production costs of $1 per card and a selling price of $5 and see substantial returns. This makes the business card engraving service a lucrative addition to your product line.
For example, if you produce 1000 cards per month at a cost of $1000 and sell them at $5 each, you could generate $5000 in revenue, yielding a $4000 profit (which is roughly 400% of the cost price).
Such a high profit margin can also help fight with other competitors who are particularly new in the industry. A study by Smith & Co. (2022) found that businesses offering premium, personalized products saw a 45% increase in customer retention compared to those offering standard products.
Who Buys Engraved Business Cards and How to Get Target Customers?
Professionals and businesses looking for a premium feel, and high-quality business cards are your primary customers. This includes real estate agents, luxury brands, corporate executives, and creative professionals.
The main USP here would be serving the professionals with a chance to make an impact on their identity. For instance, a real estate salesperson, planning to offer barndominiums to his customers can carry a steel engraved card to make the first impression great.
To attract these clients, utilize targeted online marketing, attend networking events, and offer sample cards to local businesses so that they look for further details.
A survey by Market Research Firm (2023) revealed that 65% of business professionals are willing to pay extra for customized, high-quality business cards so that a sales lead matures more quickly for a great first impression.
Engage with potential clients through LinkedIn (or similar professional networks), industry-specific forums, and local business events. Offering a small batch of sample cards can also entice potential customers to place larger orders. You can also bring further innovation by integrating a memory chip that makes a card machine readable. In that case, you need to seek professional help from other software companies.
How Many Types of Business Card Engraving Can You Offer?
You can offer a variety of engraved business cards including metal, wooden and acrylic business cards.
- Wooden Cards: Provide a rustic and eco-friendly option. These are popular among eco-conscious brands and artisanal businesses.
- Acrylic Cards: Offer a modern, sleek look. Tech companies and modern brands favor these.
- Metal Cards: Available in stainless steel, copper, and anodized aluminum, providing a durable and premium feel. These are ideal for high-end brands and professionals looking to make a strong impression.
How to Laser Engrave Business Cards?
Engraving business cards involves several steps starting from designing to post engraving procedures.
Follow these steps that include different designing and engraving skills.
- Design: Create or import the design using vector software such as Adobe Illustrator or CorelDRAW.
- Material Setup: Place the material in the laser machine, ensuring it is securely fastened.
- Laser Settings: Adjust the laser settings based on the material. For instance, use lower power settings for acrylic to avoid melting and higher power for metals.
- Engraving: Execute the engraving process. Monitor the machine to ensure the design is accurately transferred.
How to Engrave Metal Business Cards?
For metal cards, a fiber laser is required due to its ability to engrave on metals. In contrast, CO2 lasers work well for wood and acrylic.
To engrave metal business cards, follow these steps:
- Pre-Processing: Clean and prepare the metal blanks to remove any oils or debris.
- Designing: Create the design in suitable software, ensuring it is vectorized for precision.
- Formatting: Ensure the design is correctly formatted for the laser machine.
- Engraving: Use a fiber laser to engrave the design. Adjust the laser settings to match the thickness and type of metal.
- Post-Processing: Clean and inspect the engraved cards. Polishing may be necessary to enhance the appearance.
According to the Metal Engraving Association (2022), proper pre-processing and post-processing steps are crucial for achieving high-quality engravings and extending the life of the laser equipment.
Which Metal Type Is Popular for Card Engraving?
Stainless steel and anodized aluminum are the most popular choices for engraved business cards for their premium feel and sleek appearance.
Stainless steel offers durability and a professional look, while anodized aluminum allows for vibrant colors and designs. Copper, while less common, provides a unique aesthetic that appeals to certain luxury brands.
A study by the Business Card Association (2023) found that 58% of professionals preferred stainless steel cards for their durability, while 35% favored anodized aluminum for its aesthetic versatility. Here’s our latest guide on metal engraving. Check that out!
Can You Sell Acrylic Business Cards?
Acrylic business cards have potential in the market due to their modern appearance and versatility. Even the acrylic cards are comparably thicker, the lamination makes the acrylic pieces shiny and durable.
They are lightweight, durable, and can be easily customized with various colors and finishes.
From our experience, professionals always prefer metal cards rather than acrylic cards.
How Popular Are Wooden Business Cards?
Wooden business cards are unique but less popular due to their thickness and potential carrying issues. Only the environmentally concerned companies prefer wooden business cards.
Additionally, wooden cards may face pigmentation problems during engraving and keeping in moist conditions. However, they appeal to eco-conscious clients and artisanal brands.
Research by Green Business Solutions (2022) indicates that 20% of small businesses prefer wooden business cards for their sustainability and distinctive appearance, despite the challenges. Nowadays, engraving businesses are marketing wooden cards made from wood collected from a coastal disaster-prone area that brings more care from the sustainability aspect.
How to Source Blank Cards?
You can source blank cards from specialized suppliers or manufacturers from your country or abroad (such as China).
Purchasing in bulk can also significantly reduce costs. For instance, sourcing 1000 metal blanks might cost $500, while smaller quantities would be more expensive per unit. Websites like Alibaba and Made-in-China offer bulk purchasing options, but you should search on your own to get a better supplier.
A cost analysis by Procurement Journal (2023) suggests that buying in bulk can reduce per-unit costs by up to 40%. However, you should determine the bulk purchase amount based on your monthly engraving volume and the adequacy of the cash (working capital).
Should You Buy or Make the Blank Cards?
Buying blank cards is usually more efficient for most businesses, especially for metal cards which require complex production processes.
Making blanks in-house can be cost-effective for large volumes but requires significant investment in machinery and materials. For example, an engraving business would not prefer metal-cutting equipment that strains the business focus.
However, if you already own a metal workshop with powerful fiber lasers, mainly used for other tasks, you can make your own metal blanks. That’s totally up to you.
What Types of Engraving Are Best for Business Cards?
The best engraving designs depend on the material. For example, stainless steel cards would require precise engraving with sharp lines and the wood can absorb rustic and more complex designs.
Here’s how you should choose engraving type depending on the material of your business cards.
- Anodized Aluminum: Ideal for detailed, colorful designs. These can include company logos, intricate patterns, and even QR codes.
- Stainless Steel: Best for minimalist, professional designs. Common examples are clean text with sharp lines and subtle logos.
- Wood: Suited for rustic, natural designs. These can include earthy tones, textured finishes, and engraved logos with a handmade feel.
How to Market Business Card Laser Engraving?
To promote business card engraving services in your area, you need to communicate with your target customers through different channels such as social media and physical meetings.
Effective marketing strategies include:
- Social Media: Showcase your work on platforms like Instagram and LinkedIn. Use high-quality images and customer testimonials to build credibility.
- SEO: Optimize your website to attract organic traffic. Use relevant keywords and create informative blog posts.
- Networking: Attend industry events and offer samples. Building relationships with local businesses can lead to long-term partnerships.
A report by Digital Marketing World (2023) highlighted that businesses with strong social media presence saw a 30% increase in sales compared to those without.
What Would Be Your Lead Time for Delivery?
Lead times depend on order size and complexity. For small orders, 1-2 days is feasible. Larger orders may require a week or more. Always communicate clearly with customers about expected delivery times.
You may introduce instant service and non-prioritized delivery options that will offer you a chance to earn more for the quick engraving services.
However, if you are targeting quick services, you need to keep different engraving machines ready at your place including different designs (with customization options) and various types of blanks.
We observed that keeping multiple types of blanks brings customer satisfaction than businesses having fewer blanks.
What Type of Laser Machine Is Best for Engraving Business Cards?
Fiber lasers are best for metal cards, while CO2 lasers work well for wood and acrylic. MOPA lasers can add color to metal engravings, providing more design options. For instance, a fiber laser machine with a 30W power rating is ideal for detailed metal engravings.
If you are a small laser engraving business, starting with dual lasers such as xTool F1 Ultra can be a good option since such a laser machine comes with both fiber laser and diode laser in galvo technology.
According to a Laser Technology Report (2023), businesses using fiber lasers reported a 25% increase in efficiency and quality for metal engraving tasks mainly due to having the ability to offer diverse engraving solutions.
How Many Business Cards Can You Engrave in Batch?
Batch processing capacity depends on your laser machine’s bed size.
For instance, a machine with a 24×12 inch bed can engrave 20-30 cards simultaneously. Adjusting the layout can optimize the number of cards per batch.
There is another important point to note:
Smart laser engravers such as the xTool P2 do not require you to manually place the designs on the cards blank. You just need to put the design in one card, and the machine will automatically detect the rest and put designs per the first one.
On the other side, budget laser machines such as Glwoforge or OMTech will require you to manually place designs on each card blank for batch processing.
So, this big feature will help you to determine how much engraving time would you give for one batch processing, which will further help you to set the prices.
Expand Your Portfolio by Offering Engraved Cardholders
Offering engraved cardholders alongside business cards can increase sales.
Customers who purchase business cards often seek matching accessories, enhancing their brand’s consistency. Cardholders can be made from similar materials, providing a cohesive look.
A market survey by Business Accessory Trends (2023) found that 45% of professionals purchasing engraved business cards also bought matching cardholders.
What Additional Innovation Can You Bring into Business Card Engraving?
Innovate by offering custom credit cards, engraving iPhone backs, or personalized wallets. These value-added services can differentiate your business and attract more customers.
For example, integrating NFC technology into metal cards can provide additional functionality.
Nowadays, people are selling NFC cards at a price of around $200.
The price initially seems high but is surely beneficial for the user as it does not require them to carry multiple cards.
Incorporating NFC feature on the engraver cards will require some soft skills to store the data. You should consult with any nearby software companies for such support.
How Will You Set a Pricing Strategy for Business Card Engraving?
Set prices based on material costs, labor, and market demand. For instance, metal cards might cost $1 to produce but can sell for $5-10 each. Always ensure pricing covers all costs and includes a profit margin.
You may adjust your price depending on the customization you are offering, the quantity of the cards, and the engraving quality you are giving.
For example, engraving on bare brass cards is tougher than marking on anodized aluminum.
How to Avoid Delivery Rejection?
Avoid delivery rejections by requiring partial advance payments, obtaining design approvals, and keeping detailed records of all customer interactions and approvals. Clear communication and transparency with customers are crucial.
A customer satisfaction report by Business Review Weekly (2023) found that businesses with clear approval processes reduced delivery rejections by 35%.
What Else Can You Try with Business Card Engraving Service?
Diversify by offering engraved office supplies, promotional items, and personalized gifts. These additional products can help attract a broader customer base and increase revenue.
Here are some creative ideas to diversify your laser engraving business that talk about different products among diversified customer segments.