Jasmine Birtles
Your money-making expert. Financial journalist, TV and radio personality.

If you are looking at ways to generate an income by launching a new business venture, it could pay to take a look at how buying a laser engraver could turn out to be a smart investment.
A quick internet search of how to make money with laser engraver will reveal a plethora of inspirational ideas that you could use to create a useful income that can grow as your skills and entrepreneurial flair take hold.
If you want some ideas to get you started, here’s some ways to use your laser engraver to generate an income. A good starting point would be to focus your attention on a market that you want to penetrate. In general, there’s three distinctive areas of commerce where you have a great chance of making money with a laser engraver. Home decor is a huge and valuable sector, as is selling personalized gifts, plus, there’s a stack of niche markets that you can tap into.
If you are looking at penetrating the home decor sector, there’s quite a few proven best-sellers that warrant your attention. A good one to look at would be creating personalized cutting boards. These always sell well when you offer to make a custom cutting board that carries a personalized message or name, making it the perfect gift.
Homeowners are always looking at ways to make their house feel like a home, and a custom-made house sign is the perfect way to do that.
You can use your engraver on a variety of different materials, such as acrylic, slate, or wood. Offering a variety of material options and the ability for the customer to make the sign as unique as they are, will always prove to be a great selling point.
Once you really get the hang of using your laser engraver you will be in a position to become more adventurous with the products you offer to customers. A good example of that would be to branch out into offering bespoke wall art. Layered wood art is very visually impactful and you will be able to create landscapes and scenes that are sure to sell well.
Everyone loves to commemorate a special event or have a personalized reminder of someone they love. That’s why photo engraving on wood is such a good thing to get into with your laser engraver.
You can create memorable items that will be well received and highly cherished. They will also generate a decent profit margin at the same time, so it’s a win-win.
The world of personalized laser engraved gifts is open to so many selling opportunities and lucrative markets to exploit. In particular, the demand for personalized wedding gifts is always high, making it a great area to focus your attention on.
Anything from cake toppers to hand-crafted table decorations for the big day, are just some of the excellent gifts that are bound to be popular and well received.
Another lucrative aspect of the personalized gifts sector that could turn into a profitable business venture is selling custom jewelry. The possibilities for creative design are almost endless and whether you create bracelets, earrings, or pendants, you will find that they don’t cost much to make, but can sell for good margins.
The great thing about selling engraved tumblers and cups is that it gives you access to both the consumer and B2B sector at the same time.
Companies love to promote their business by giving customers something useful that will have their business name on it, and consumers also love being able to personalize a set of tumblers.
You will need to invest in a rotary attachment for your laser to be able to produce these items, but the outlay will be more than justified when you see how big the demand is for these products.
This is an idea well worth considering. You will end up with a fair amount of scrap material from other projects and rather than wasting it you can turn it into custom keychains. It is a high-margin item that helps you make the most of every scrap of material you have, making your business as profitable as possible.
You are bound to have a fair degree of success selling your products to consumers, but you could actually expand your business at an even greater rate if you decide to attack some niche markets with your bespoke offerings.
A prime example of this would be to start offering a business signage service to small business owners. The possibilities are almost endless here, as you could get asked to create logo signs, signs to promote the business, and even merchandising materials like in-store QR code displays.
Don’t forget that businesses such as restaurants and cafes tend to rely heavily on all sorts of branded items such as menu boards, coasters, and other promotional items.
Last but not least, there’s an army of hobbyists who are always in need of custom parts for things like drones, right through to model railway items.
You could enjoy a steady income stream when you become the go-to person for people who need something created for them. It could also prove to be highly lucrative when you are able to charge a premium for bespoke items.
As you can see from these examples, when you invest in a laser engraving machine you are gaining entry to a world of opportunities where you could turn your skills into a lucrative business.
This is also a great business model because it enables you to start out small before scaling up as your skills and ambitions grow.
Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.