Investment: $5,000 to $15,000
Salary: $40,000 to $60,000
Rates: $5 to $15/stamp
Advertising: Mail order, newspapers, website with estore, catalogues
To Qualify: Professional training
Equipment: Computer, laser printer, internet, website with estore, photopolymer system
Staff: None needed
Unexpected Expenses: Material expenses
Description: The rubber stamp business is a fun and lucrative way to start a company. A lot of businesses need stamps with their addresses and logos on them for various reasons, you can customize stamps to fit their needs. You can also create personalized stamps for individuals or stamps with sayings, self inking stamps, fast drying ones, small, large, date rotating, the possibilities are endless. This is a relatively easy industry to get into if you have the training in stamp production. You may want to farm out your large orders, but the way to really make money is to produce the stamps yourself, until your business grows. If you are creative and can use a graphics program you can also create specialty stamps for scrap booking. The size and scope of your business depends on your determination to create an enterprise which is profitable and fun.
Essentials: You will need to invest in the equipment and training on the outset or buy a rubber stamp franchise, either way you will need about $3,000 to $10,000 to start your business, but once it is up and running you will be making a large mark up on an inexpensive item, so you won’t need to sell many to recoup your initial investment. You will want to consider how you are going to sell to your public, you can create a catalogue and direct mail it to businesses, but this is very costly, or you can create and market on the web or both. If you chose a catalogue, price out the best way to print it and make sure that you send your catalogue to clients who will utilize your services, you might also want to entice them with a first time buyer discount offer.
To Succeed: As with most online and catalogue businesses, getting the word out and driving traffic to your catalogue and website are the best ways to reach clients. You can do just business stamps in a variety of different uses, or you can create fun designer stamps and sell them in all shapes and sizes, this may be costly at start up, but branching into the two sides of the same business will keep you very busy selling items that are made at a very low production cost and will earn you lots of money