You could spend anywhere from $40,000 to $70,000 or more on your engraving equipment, depending on how high-tech you get and how large a company you would like. Your best bet is to seek out good used equipment first. In terms of earning power, you could make between $40,000 to $65,000 if you work hard and build the right contacts.
You’ll be singled out as a winner yourself if you can keep up with your orders in an accurate, timely manner. The best thing you can do is to send samples to folks with their names or company logos already printed on it, nothing appeals more to a person than a little ego boost. Wasn’t it Dale Carnegie who said that there is no sweeter sound than the sound of one’s own name?
Approx. cost of start-up: $40,000 to $75,000
Approx. potential earnings: $40,000 to $65,000
Typical fees: 40 cents to $100+ per piece
Where to promote: Direct mail, Yellow Pages, networking with business and civic organizations as well as schools, Web site
Qualifications: Training on the engraving equipment
Things needed: Engraver, molds, stencils
Required staff: No
Hidden costs: Insurance
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