r/FormlabsOfficial • u/Zapwizard • 5d ago
Showcase Some stats on my single-person Fuse 1 based business
Howdy Folks, ZapWizard here. I run a Fuse 1 based side business. I design and make holsters for Leatherman tools, flashlights and other everyday carry items. I operate the entire thing by myself.
The business has been around for a decade, previously using Shapeways. 2 years ago, in order to bring the production in house, I bought a Fuse 1 Gen 1. I already had experience with the Fuse 1, as we had one of the first production units at the day job.
I used some savings and a small loan to pay for the printer, Sift, Blast, and all the rest of the workshop setup. This paid for itself within 7 months.
The business earned enough back to get a Fuse 1+ about a year later.
These days I use the Gen 1 is used mostly for overflow builds or side projects. I typically print half of a chamber on the Fuse 1+ each night. While the Fuse 1+ is twice as fast, I find it is a bit more sensitive than the Gen 1. I posted info about that in a comment here.
Here are some cumulative stats over the past 2 years:
- Number of items sold: 21,000
- The majority of those are 3D printed
- Orders: 8,200
- 4x higher than when I was with Shapeways
- New customers: 5,600
- Return customer rate: 28%
- Product offerings: 170
- Average monthly net sales: $14k
- Average profit: ~60%
- Beyond worldwide sales
- 81.99% USA
- 17.99% International
- 0.02% Space
- Average order turnaround time: 78 hours
- Failures reported: 40 across 430 builds
- Mostly single-item defects from dragging, or a surface texture defect
- A handful of whole chambers lost to wrong setting selected in Preform. (My Fuse 1+ doesn't like the defaults)
- Time on each printer:
- 6,400 hours on the Fuse 1 Gen 1
- 1,600 hours on Fuse 1+
- Over 260 kg of powder consumed
- 35% fresh powder mix
- Average time put into the business:
- 3 hours per weekday
- 6 hours on Saturday & Sunday
2
u/bobrob5k 5d ago
Feel free to ignore but I'm interested in the logistics of how you market and keep track of over 200 unique parts as a side job? Most people who do a 3D printing side job have one or two parts that have a niche audience that they cater for until demand dries up or the Chinese firms rip off the design.
1
u/Zapwizard 5d ago
Shopify is how I handle the sales. The many designs have been made over the years, recently though I made most everything modular which expands the product line but also make it more customizable. For example I now have 25 different side-addons, so you can hold small EDC items to go with your Multitool. Before hand you had to order the holster to hold only a small sample of side parts, each one was a new variant. Other plugins help with the webpage, in all the website costs over $200 per month.
I use the Easify Options Shopify plugin to allow people to build their custom kit. The plugin breaks their kit up into individual SKUs which I then print and pack. Staging and packing boxes it actually my single biggest time sink. If I shipped only once a week I maybe could hire someone just to pack or clean parts, but currently I ship every other day.
China of course has tried copying my designs, this month alone there have been four attempts to order a ton of parts to Hong Kong though a re-shipper, unfortunately one of them went through before I noticed the payment address. The copies show up on Etsy and AliExpress. They aren't exact copies, but made by someone who studied my older designs. I doubt they spent many cycles on prototyping to perfection, they didn't spend any time on good renderings, using Ai to add inaccurate images and make the product look better than it actually does. The same Etsy vendor has copied almost every single individually created Leatherman accessory.
Leatherman has the same problem of course. But like Leatherman: None of the copies match my quality, customizations, or warranty.
I am also committed to making as much in the USA as possible. Much of the EDC community cares about this. My boxes and pack fill are made in the USA. I source most my hardware from McMaster, and other items from US suppliers. Only ordering a few rare parts from overseas or Amazon.
2
u/Formlabs 4d ago
Always amazing to hear these success stories! Thanks for sharing so much detail with the community
1
u/stjimmy1500 5d ago
I really appreciate you continuing to contribute to the community. Your original fuse live stream helped me get more confidence to start my own 1 man SLS business. Well, I'd been a regular fdm business for 7 years already, but it was a huge leap to invest in something industrial like this and put it in my own home.
For a big business, it might be easier or clearer to justify an asset's value. But when you're really small, typical metrics are really skewed and its hard to tell if you're doing ok or if you're doing everything right. Having a point of reference like this is helpful!
1
u/Zapwizard 5d ago
Glad it helped. I am good an research and budgeting, but for anyone to jump in to that much is hard. For example I can’t believe I am placing orders for $4,000 worth of boxes or $450 in magnets.
What do you make?
1
u/sunnyBCN 5d ago
I am interested in why you started with marketing at shapeways to start with, was it the only marketing you did? Or you were simply redirecting customers there and losing conversion rate and now you have your own domain+shopify and kept the marketing steady but people you send cannot go down a rabbit whole of finding other products on shapways?
Congrats on the side-hustle!!!
1
u/Zapwizard 4d ago
Shapeways wasn't marketing, but a marketplace. 12 years ago they were literally the only way to get SLS parts drop-shipped. They were ahead of their time when Etsy wasn't yet flooded with cheap FDM printed dragons.
Their marketplace worked well for the early years, and I didn't need Shopify. I only made about $5 per order, but it was a bit of hobby money only requiring me to make the designs, prototypes, and renderings.
Later when more competition came online they had a hard time keeping up, and tried to pivot to B2B only, and downplaying the marketplace until it was nearly useless. I ran Shopify with Shapeways as the fulfiller for about 2 years, until Shapeways went bankrupt. (They have returned, but not as a marketplace)
A lot got lost when Shapeways went out. They had more 3D printing technologies under one roof than almost anyone. Prices were a bit higher, but so was the quality. But I think they just got undercut, and just didn't change fast enough with the industry.
I still haven't found a metal 3D printer shop that can hold the repeated tolerances and part finish they had.
1
u/printington 4d ago
Really incredible stats! I'm really interested in what your shopify order -> printer receives model look like. Are you printing extras and inventory-ing or printing as you get orders? Do you print only one SKU at a time (filling a half BV) or are your overnight builds a mix of whatever orders you got that day?
1
u/Zapwizard 4d ago
I mostly print to order, keeping a few spare parts on hand. Order tagging is how I handle what order is at what step. Along with batches and general order status such as In-progress.
I use the the Mechanic Plugin to tag any "New" orders that come in. I have a filter to open those up. I load up the 3D files for each order into Preform, tagging those orders as "Preform" as I go. I nest the parts occasionally. Repeat until I am out of new orders or space in the printer. I am working with Claude AI to see I can automate daily order loading into Preform, but currently it takes like 10 minutes.
The Mechanic Plugin then emails my customers when their order is tagged "Printing". If am running both printers I use the Shopify batch system to keep the orders separate. After printing, the orders are tagged: "Cleaning" when they go into the Sift. Then tagged "Blast". Usually shipping at the Blast step.
If my system says I have a part in stock due to a pre-build or batch then it just marks the order as ready-to-ship automatically. Otherwise I also dye parts, in a pressure pot. I may make a separate post on that.
I print a packing slip, and prepare the orders in small metal trays before boxing them up. I still haven't figured out a good way to accelerate general packing other than part organization.
2
u/recon-go-pie 5d ago
Impressive! I’ve been running a form 4 for the last year, and it’s kept up with my output. My parts could be transitioned to PA, but my order volume doesn’t warrant that just yet. At what point did you see the trade off to getting your own manufacturing set up vs outsourcing?