How to Pay for a CNC Machine

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Information How to Pay for a CNC Machine

Title	:	How to Pay for a CNC Machine
Lasting	:	11.30
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Views	:	27 rb

Love this thank you for your honesty ❤
Comment from : @steelcannibal

I think one of the keys to starting and making money on Yiur own is to find the correct product to start with Maybe something of design that only you offer
Comment from : @raindeergames6104

Maybe not fun to watch , yet here I am watching it complete again a year later , because it's great information
Comment from : @bluegroovemodelsports9650

Thanks for all you bring to the RC Hobby Jason
Comment from : @bluegroovemodelsports9650

Thanks man!
Comment from : @ak4dreday

I need a product line because items sell in seasons Thank you for this tip
Comment from : @uncharted4076

Thank you
Comment from : @justin9605

Thanks for the video I’m a machinist, manual and CNC I’m saving up for a machine of my own, but also a place to put it 😅 I’m waiting to find some more contract work, so that the machine actually starts out as an asset, not a liability
Comment from : @Inventorsquare

Do you have info on the prototype injection mold press? Thanks!
Comment from : @markdamron3161

Thank you for your time and insight! Keep up the good work
Comment from : @michaelpunaro5594

Just discovered your channel I've accidentally found myself on the quintessential "garage machine shop" journey recently myself and this certainly rings true from my experience It's HARD to make a product well! Thanks for the video and insight!
Comment from : @wachtmanknifeandtool

first time seeing your videos but as someone in a parallel type industry and have folks looking to me to help lay out a lath, I know it's not easy to elaborate, the sacrifice you mentioned especially that's the hidden part most folks don't understand I didn't getting into my work but I do now good stuff man
Comment from : @FragoutDesign

thanks for the honest and informative explanation of the "business" sometimes reality isn't what we want to hear, but its great to have this type of knowledge from an expert before making a leap into the unknown Thanks for taking the time to put this together!!! gave me a lot to think about
Comment from : @agnstthegrain

Since Jason brought up John Grimsmo I have been a subscriber long enough to remember he started in his garage on a hobby machine
Comment from : @wzhaicthtaarkyer

can you help me for MLC 49 spindle driver alarm solution please ?
Comment from : @mahakal_ke_ladle21

Thanks for the talk! Good points! 😊
Comment from : @Arthur-ue5vz

I started my own cnc shop with one milltronics rh20 Now I have 3 hurcos, lathe, edm I understand that other jobs are much less demanding in investing in equipment and machines, but what should we do? I'm planning to purchase horizontal machining center😅
Comment from : @dejanvanevski4399

Two man job shop with my dad With the ups and downs of business I can’t ever feel comfortable buying anything When I first got out of college I wanted dad to buy stuff He told me pretty much what I said I’ve seen the bad times and the good Can I afford a $3,000 payment, sure Problem is that $3,000 payment is either 10 of the monthly gross or 33
Comment from : @Thewaldo12345

It's not about what you can make, it's about what you can sell
Comment from : @davidchavez81

Eh, I disagree and think this is definitely a video of how NOT to go about it
Comment from : @itsnotlevel2

Hey I have that same molder XPM-17! It's so awesome and beefy got it from robotdigg I can turn it on, walk away, and come back after 1,000 cycles and have a pile of parts Automation should be the goal for everyone, and it's awesome
Comment from : @spencerstromberg

Excellent video Jason! Could you give a link or manufacturer name for the injection molding machine?brI'm looking for a fully-automatic reciprocating screw machine for my prototyping services/proprietary product business of the past 25 yearsbrThanks for this video and confirming what it takes!!
Comment from : @shareNenjoy

I thought title said “pray”😂
Comment from : @andre1987eph

Thank you!brVery useful information that few share with the rest of us brVery concise and eye opening brFew videos, out there, give us the kind of leg up that you're giving us brThank you again for such an honest and inciteful presentation of entrepreneurship brYou totally hit that head bang on the nail! :)
Comment from : @artmckay6704

Yeah not just cnc these points you make fit many other businesses
Comment from : @deanmoser5907

Start as a hobby, small scale and see how it goes It starts from curiosity as a past time and grows from there No need to jump into the large machines Desktop machines are the reason why they exist Taig, Sherline, etc Great machines to starts
Comment from : @juansalgado6212

I think the biggest thing is knowing how to use one I've helped out so many shops that have no clue on machining
Comment from : @DEATHTRAPHOTRODS

Great perspective If you did a series on launching a manufacturing product and showed the journey, that would definitely take off
Comment from : @circuitsyndicate4150

Great video Good info I just ordered a vf2ss it should be here in a few weeks
Comment from : @clodbusted1776

You can eat the elephant but in small bites A master mechanic does not start with a chest full of tools He builds his set over time The barrier to entry is part of the journey It is what makes it worthwhile
Comment from : @automan1223

Well Said, the dream is only achieved on your own back
Comment from : @mitchellsand826

Great feedback, @a reality check for those interested in the business Thanks!
Comment from : @thomasalison6188

Hey Jason, absolutely LOVE this type of content for sure!! I've been retired for four years now and have been thinking about the VERY things you just pointed out here in this video I'm doing a lot of product development at the moment and love it to death but have also wanted to start learning how to machine my own products (just as you have described) but with no delusions either! It would simply be something new to jump into but jumping very thoughtfully and calculated; hence, why I would very much look forward to more content of this nature so I can learn from someone seasoned in the business! Thanks again for bringing great content to those of us who are willing and have a burning desire to make high quality things!! Kevin
Comment from : @willeykev

You are exactly right! I never been able to get traction on anything that I do I am able to get within 0001" on my machine Which is good for anything but aerospace It would have been good if I could have done better If I could have stayed busy all the time and kept my machine working Maybe I could have got a real machine Like you say why would I spend a million dollars on a machine if I can't keep it busy?
Comment from : @AATopFuel

what are your thoughts on making parts for a company like Xometry as a way to get started? The goal being to end up with product and not doing service work
Comment from : @austinconnell1967

I made an upper on a mill turn Lose money on everyone but make up for it and quantity 🤣
Comment from : @masoncnc

Buying tools depending on business needs I've taken jobs that required a tool that I didn't have and I used the job to pay for the new tool and sometimes I made no profit after paying for the tool but now I have the tool to go out and make more money with that tool I call it "will work for tools" ;o)
Comment from : @repalmore

Your discussion is spot on I owned a machine shop for several years and unless you have a proven product, or can provide a service possibly for multiple customers, investing in a large machine isn't a good idea Our specialty was building molds, somewhat profitable, but our moneymaker was in prototype work and work that was much more demanding than average My biggest suggestion from MHO is don't be one of those who think just poking a button or turning a handle is what success is, it takes a lot of knowledge, and realize that in business, asking the competition for insight isn't always the best idea And simply servicing and installation of a large machine is expensive, and that's not the price of the machine included
Comment from : @jeffwombold9167

Interested in the proto injection molder you have I have an old Morgan Industries machine that gets quite a bit of use
Comment from : @ACMEracer

I really appreciate you taking the time to make this video I've been learning CAD, and manufacturing for years while active duty Ran a few side business and developed a few products I've outsourced and kept overhead limited and flexible while I learn and find niche Definitely needed to hear what you had to say Thank you
Comment from : @paintballopensession7596

best cnc buying advices on the net simple make a new product or be a service
Comment from : @kempoxp2

This was great Thanks for sharing the knowledge
Comment from : @Fandangilo

I absolutely agree with you and it so nice to see a business owner actually talking straight
Comment from : @GrImReApPeR99

Excellent video in my opinion I wish you made a few more on the logistic of starting a business Ciao, Marco
Comment from : @EZ_shop

I started my business 7 yrs ago , it pays the bills and so on , but i havent invested in large machines just yet I could finance a large machine, but i get by fine without it soo far I also outsource smaller parts to large companies They end up being as cheap as the material when you buy by the 100
Comment from : @airgunningyup

Most machine shops make more money by accident than they do on purpose Having a plan is key to your success Knowing your limitations and how to overcome that is an acquired skill
Comment from : @terrymoorecnc2500

thanks for the video, i own an engine shop, completely understand buying machines yes it's a long road!! keep up the hard work
Comment from : @michaelbaldridge3637

Thank you for sharingbrI would like to see more videos like this, especially about starting a product based manf Business What it takes, the steps MARKETING etc thanks again!
Comment from : @boazm2110

Very very useful thanks
Comment from : @zakariakhamees

Great informational video, really appreciate it Best to you and your business!
Comment from : @austinlemaster1150

Thanks for this video Keep up the great RC products
Comment from : @bluegroovemodelsports9650

Zip tying the air blast to a coolant line is an AWESOME idea Jason! Will be doing that for sure Thanks!
Comment from : @MaDuceRules

Completely agree, all depends on the quality of product or service you give and your reputation due to that work that allows you to grow And time investment is huge
Comment from : @edupuertasfruns

Honestly one of the worst ways to make money (and I want it) is by CNC machining I mean in no other trade do you have to invest 150K in a machine and pay 1-3K a month on tooling just to get 70 dollars an hour A plumber has 10K in tooling and makes more an hour A car tire shop had 30K in machines and makes more an hour This trade is kinda f-d up in therms of how much money you have to invest and howlittle compared to your investment you can earn It is definately one of the most epic and cool trades there is, I freaking love this trade But to start my own business, i don’t know about that man I love your channel Jason and here and there you teach me some cool stuff That is also a small reason why I love this trade, because of people like you making sure my work is still fun to watch even though I’m at home chilling Thank you
Comment from : @owievisie

Great video Jason! Thanks :)
Comment from : @bluehandsvideo

Great video, and this is the real story of small business! Keep up the great work
Comment from : @RoboCNCnl

Please re upload your Tormach review video of the 1100mx brPeople that bought one like myself who absolutely hate it would greatly appreciate the realism of that video
Comment from : @JayVon_Ro

Nothing is easy, you'll have to do the hard work now or later There's no getting around it
Comment from : @TonyRios

All the best for 2023! 😉
Comment from : @hosemorelas2439

Stepping up from a router to a (Cheap) mill soon in my little (RC soon to be job shop/RC) endevor Can only go up or bust from here! Everything goes back into growing my capabilities in manufacturing for now Doing as much myself as possible Thanks for these videos!
Comment from : @Squintz45

I would like to add that its best to have 4 to 5 ideas already drawn out and ready to go before you buy the machine My wife and I are also making sure we pay off the home before we acquire the $300k machine
Comment from : @sheepman6291

A video of your plastic injection and forming operations would be awesome! I’ve been following your journey almost since day one, love what you are doing!
Comment from : @yamahaeleven