Starting a machine shop involves much planning. Do you have experience in machining or have technical knowledge on how you can operate different types of machines? If you want to market your machine shop, you have to use various marketing methods to attract customers to your shop. You can get people that will invest in your machine shop if you can market your business.
Machine Shop Business Plan
Every machine shop owner wants to grow their business. One way of increasing your machine shop business is to be able to attract investors so they can see the potential of investing in your industry. With a business plan, you can market your machine shop to people who will invest in your business. Let them know why they should invest in your business by writing a good machine shop business plan.
When preparing your machine shop business plan, it is critical to give a brief introduction to the machining industry. An investor who does not know anything about a machine shop needs to be told about what the machine shop business is all about before he can invest in your machine shop.
- Executive Summary
The executive summary is a vital part of your machine shop business plan. The executive summary explains everything an investor should know before he can invest in your machine shop. Nobody will read several pages of your business plan if the executive summary does not attract them.
Every business has a mission statement. Ensure that you write one that portrays your business goals and objective.
- Business description
Describe your business and give a brief history of how you started your machine shop business. Provide other information such as staff strength, company location, etc.
- Market analysis
The market analysis section is where you are to identify your target customers and explain the strategies you plan to implement to attract them. You are also to provide a sales forecast so that an investor may know how much you plan to make over a specific period.
- Financial Plan and Break-even analysis
Ensure that you let your investors know about how much you need to get your business to the proposed level. You may also specify how long it may take your investors to get their investment returns.
The breakeven analysis is used in calculating the point at which your machine shop revenue starts to exceed your costs. From the graph, P is the point at which you may begin to get the money you invested in your machine shop.
- SWOT Analysis
You can let your investors know about how well you can perform in your business. You can also let the investor know if you have any challenges.
SWOT Analysis has to do with promoting your business strength. The strength of your machine shop are those things that gives your shop an advantage over others.
Your machine shop weakness refers to things that may cause you to perform below standard.
Opportunities in the SWOT Analysis explains the prospects of your shop to help investors make money when they invest in your business. Threat In this section, lets your investors know your challenges and how you plan to overcome them.
What are the benefits of owning a machine shop?
A machine shop is a facility where machining operations are carried out. The world is advancing in technology, which has led to an increase in manufacturing activities. Many individuals and companies are recognizing the need to own machine shops because of the numerous benefits that come with owning one. The benefits of owning a machine shop include the following:
- Increased productivity of machines
If you own a machine shop, you can be able to do much work within a short period. Your machine will also work very well because you understand how to maintain them. Proper maintenance of machines, ensures that your machines work better and faster.
A machine with high efficiency due to quality maintenance and repairs from a machine shop will increase the work output of productivity of your machines.
- Income Generation
Every business owner want to generate income and make a profit. Most factories make use of machines in carrying out their activities. And a faulty device could mean a halt in production and loss of revenue.
Machine shop owners are in business because they help in the repair, maintenance, and fabrication of tools and equipment used in factories and other industries. A machine shop owner makes an average of $50,000 to $70,000 annually as revenue.
- Reduced energy bills
Your machine can use less energy because you will be able to make equipment work very well. If you own a machine shop, you can help companies to repair the faulty parts for their machine, which will also make the machine to reduce the amount of energy it is using. Machines that are faulty make you spend more on your utility bill because the machines are not running efficiently.
Machine Shops Rules and Regulations
A machine shop is a hazardous environment hence the need for safety rules and machine shop best practice to be strictly followed. Here are some rules and regulations that must be adhered to in a machine shop.
- Ensure that your eyes are protected at all times with the use of safety goggles and do not attempt to operate machines with missing or broken safety equipment.
- Never disable any equipment safety features and do not grasp or use too much force on sharp cutting edges of tools when adjusting or changing them.
- Do not strike pieces of equipment with hardened surfaces together.It is not advisable to wear loose sleeves, dangling jewelry, neckties, loose long hair, or rings when operating a machine.
- Ensure that you are familiar with all controls of equipment before operating it. Study the equipment manual or seek help from someone who is more experienced. Limit the use of compress air in a machine shop to prevent injuries caused by flying objects or chips from being carried by wind to the bottom of bearings or bedways. Use Vaccum or brush in removing chips from machines.
- Do not touch reciprocating or rotating machines such as lathe chucks or drills while they are in motion.Remove drawback wrenches and chucks before you turn on the machines’ spindle and ensure that all tools and parts of the device are secured.
Online marketing sales strategies for your machine shop
There are many ways you can market your machine shop online. If you can market your machine shop, you get more sales. These online methods provide many advantages, and they include the following:
- Search Engine Optimization Marketing
SEO marketing is a digital marketing strategy that you can use to increase your sales lead. SEO marketing has to do with using SEO tools to rank your machine shop website or blog on different search engines. To achieve this, you must, first of all, have a website for your machine shop that is engaging and very informative.
The purpose of creating engaging content is to attract potential customers to patronize your machine shop services. Another critical consideration is ranking your website on search engines. You can achieve by using high ranking keywords that have the potential of making your machine shop website visible on search engines.
You can make use of several keywords research tools to identify those keywords that are mostly used by people when searching for machine shop related content.
- Social Media Marketing
Social media marketing can help you generate more customers. Many people are using social media, and you can market your machine shop to these people. Social media allows you to reach many people at the same time. The market is significant, and you can find people who will patronize you. There are different social media groups that you can join to reach your customers, and they include groups onFacebook, LinkedIn, Twitter, Instagram, Telegram, etc. You can advertise your business to the right set of people by choosing your customers’ age, sex, or location when you are advertising on social media.
Facebook and Instagram business manager allows you to set up your ad rate and monitor your ads. It is critical to make your social media page attractive and engaging to ensure an unbeaten advertising run on your social media campaign
An engaging social media page does not just attract potential customers to your page, but it also turns them into a sales lead. You can increase your sales funnel through effective social media engagement strategies and optimize your machine shop sales.
- Email Marketing
Email Marketing is an effective online marketing tool you can use to optimize your sales in your machine shop. Email marketing plays a significant role in increasing your sales and automatically leads to more profit generation. The concept of email marketing is to enable you to stay in touch with your customers.
Most customers want to feel appreciated and would love to know that their clients care about their satisfaction. With email marketing, you can engage your clients and determine the level of satisfaction they got from your service.
You may request your customers to provide their email address whenever they want to contact you online. You can send them emails to get their reviews about your services.
- Affiliate Marketing
You can market your machine shop through Affiliate Marketing services. You may employ the services of affiliate marketers who will help you get customers for your machine shop business.
Affiliate marketers are individuals who understand the various digital marketing concepts and how these strategies may improve product awareness, generate sales lead, and enhance overall production efficiency. You can be able to place your machine shop business right to the doorstep of your potential customers.
You may have to provide a commission for each successful sales lead that your affiliate marketing offers you.
- Content Marketing
Content Marketing is a viable means of marketing your machine shop business. As the name implies, content marketing involves creating engaging content through blog posts. WordPress and Blogger offer a free platform where you can create blog posts that will attract potential customers who may eventually become your loyal customers. Content marketing can also be done through the use of Vlogs via Youtube.
You can let your subscribers know about several machine faults and how they can be fixed or create other engaging content that would make people interested in viewing your vlog. At the end of each vlog post, you may then advertise your machine shop services to your audience.
Other content marketing channels involve using podcasts or creating a website where you continuously engage visitors with several captivating info about the machine shop service industry.
Frequently asked questions about machine shops.
You can improve your machine shop business by using the different marketing methods that we have listed. There are questions that many customers frequently ask about a machine shop business. Try to answer these questions correctly because it will allow your customers to know more about what you do.
Here is a list of questions that are frequently asked by machine shop customers:
- What machining services make your offer, and what is your particular area of specialty?
- What industries are your services most needed, and who are your target customers?
- What is the range of equipment that is mostly used to carry out machining services in your shop?
- What is your average lead time, and can my machine parts be produced within short notice?
- Do you also offer parts design services, or can you suggest any cost-effective parts design measures?
- Do you offer services such as packaging, finishing, logistic support, and assembly?
- Can i ask any of your customers to give me a reference?
- Do you have ISO certification, and what quality assurance standards do you implement?
To market your machine shop, you need to understand how you can carry out the different digital marketing approach. Marketing has gone beyond the standard door to door form of advertising. You can make use of other marketing methods such as SEO marketing, content marketing, social media marketing, email marketing, etc. so that you can get more customers and also increase your profit.