Building The Business Case For The Mobile Payments Industry

Whether you have been managing and running your own business for years or if you have recently launched your own company, using mobile payment gateways can help with building and growing your business even more. When you want to expand the number of loyal customers and fans you have while also increasing the amount of revenue and income your business generates, you can use this industry to help you along the way.

Why Accept Mobile Payments?

In today's world, many people generally have cell phones and other portable devices available with them at all times, allowing them to access the internet to browse websites, download content, and even purchase new applications or software. If your company has a subscription service or downloadable content on the site for a premium price, accepting mobile payments is vital to helping to keep your brand relevant while also generating an entirely separate income stream from your online store or local business in-person. When you accept these payments, you not only increase the number of sales you get regularly, but you also open the doors to selling your content and applications all around the world without the limits of borders in countries and various states.

What Type of Business is Ideal for Implementing Mobile Payments?

Most business models fit in with using cell phone payments, ranging from traditional clothing and merchandise stores to blogs with subscription news feeds or downloadable applications including games or productivity software for mobile phones. You can create or have various applications developed to keep your fans and customers updated with new product and service releases while also allowing them to recognize your brand, building its recognition over time when you accept mobile transactions and others view your logo and business name on a regular basis.

How to Research the Mobile Payments Industry

You have the ability to look into finding out more information about this industry by looking online and also by researching various internet mobile gateway services. Online, you are able to compare the types of these gateways services that there are available based on the types of products or services you have to offer, the projected number of sales you believe you will get on a monthly basis, as well as the budget you have available to spend on paying for the services. When you pay for mobile payment services, you are also guaranteeing that your customer's information is sent securely and safely online, minimizing the risk of fraud or identity theft.

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3D Printing And The Oil and Gas Industry

3D printing is a very interesting form of manufacturing that allows for the creation of precise models at a small scale. For a cost effective order, it isn't usually necessary to order 10,000 pieces. This is great for product developers trying to prototype ideas, artists to see their creations come to life, and for various industries. I want to cover the impact of 3D printing on the oil and gas industry.

Before I go into details, I really want to emphasize one point. 3D printing is great for the creation of products at a small scale. It is also great for entirely custom designs. Anyone can create products through 3D printing! Some situations call for less than $150 for a truly custom piece. That number typically ranges a bit higher in a machine shop and through other methods. With that being said, I want to jump into how this technology can impact the oil and gas industry.

Within this industry, there are quite a few service companies. By service companies, I mean companies that will move onto oil and gas rigs to establish systems, valves, and operations on that vessel. The prices of these jobs range well into the millions in many cases. Before a service can be conducted, a service must be "sold" to a team. Marketing in one way or another generates 100% of all sales, and sales generate 100% of all business. 3D printing can prominently help in this marketing effort for a wide variety of services done in the oil and gas industry. I'm not a drilling engineer, and I can't go into depth on the exact parts and systems for drilling processes, but I can tell you that 3D printing can help boost the marketing efforts for these services. Many valves and physical products are involved within these service industries, and these products have to be sold.

3D printing can easily be used to produce scaled visuals of these parts when presenting ideas to prospective clients. When your team of sales representatives approaches prospective clients, they are typically going to be very prepared. Visuals such as computer images, printed out images, specifications, and details of products will be presented to clients. This method has definitely worked since the industry began, but why not amp it up at an exponential rate? If every member of your sales team could bring forward a physical visualization of the product, I can almost guarantee you that your sales would increase. What is a few thousand dollars, or maybe even a couple tens of thousands of dollars (to equip your entire team) if it helps create just 1-2 additional sales? Yet again, I'm not a drilling engineer, but I can tell you that quite a few wells cost over 15 million dollars to operate. If you spent even $100,000 on 3D printing to equip EVERY sales representative with a visual, and it led to ONE sale, the money would be made back. Odds are, the money spent will be a fraction of $100,000, but I can almost guarantee you that the profit returned for each sale will be within seven figures.

If you enjoyed this article, you might what else is new with 3D Printing, or possibly you'd like to join a 3D Printing Community.

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