Print-on-demand is a business model that focuses on manufacturing products to order. It eliminates the need for inventory and presents an attractive opportunity for printing professionals. Many are turning to this model to meet changing consumer demands and fight rising material costs. In short, print-on-demand allows you to capitalize on recent market changes. The print-on-demand market was valued at $1.8 billion in 2023 and is projected to grow to $8.8 billion by 2033 as more businesses leverage the benefits.
Like all business models, print-on-demand has several challenges. Understanding the pros and cons of print-on-demand is essential to facing these challenges and devising actionable solutions. Set your print-on-demand business up for success with a sound strategy to optimize your workflow and adapt to changing customer preferences.
A print-on-demand business offers many benefits in a changing landscape. It allows you to enter the market with minimal investment and customized products. You can also stay agile in the face of changing trends. Despite these benefits, it also presents several challenges for printing professionals. Adopting a strategic approach to these challenges is essential for business success. Some typical challenges associated with the print-on-demand model include:
Customer demands for high-quality work continue to rise. Ensuring consistent product quality across different providers is a considerable challenge for print-on-demand printers. Having many different partners and using different printing machines and materials pressure printing professionals to maintain a uniform quality standard. Entrusting a third party with the end product can result in lower-quality items. You may also experience delays in fulfilling orders, leading to dissatisfied customers.
Print-on-demand businesses must implement strict quality checks and establish a rigorous quality control process to ensure consistency across all print partners. Researching potential suppliers before partnering with them is essential to ensure you only work with reputable providers with a reputation for high-quality output.
Some potential solutions for quality control challenges in print-on-demand businesses include:
The traditional printing model of large volumes and scale efficiency is becoming redundant in the age of personalization. A massive 86% of customers say a personalized experience increases their brand loyalty. In printing terms, this trend toward personalization means an increase in small orders with multiple variations. Meeting personalization preferences can complicate scheduling and reduce efficiency for your print-on-demand business.
The demand for customizations means that print runs are getting shorter and more varied. In line with this trend toward personalization, the printing market has changed significantly. Small organizations can now compete with large printers, provided they can overcome the associated challenges. Print-on-demand automation is critical in meeting consumer needs. It optimizes job scheduling and reduces switch times between jobs, helping print-on-demand businesses manage the increasing number of small orders and variations.
Some potential solutions to personalization challenges include:
The COVID-19 pandemic accelerated the on-demand economy. It forced consumers to change their behavior, and many of these changes have persisted after the pandemic. Instant gratification quickly became the new normal, and the on-demand economy is here to stay. The increased demand for customized products and faster delivery have positively impacted print-on-demand, boosting its popularity and adoption.
With popularity comes competition, and many print-on-demand businesses have found the current landscape challenging. Like many other businesses, print-on-demand companies must offer self-service order submission portals and quick turnaround times to stay competitive. Printers need to be agile and responsive to maintain that competitive edge and focus on adapting quickly to changing market trends and consumer demands.
Some workable solutions for adapting to the current on-demand economy include:
One of the most critical elements of tackling modern print-on-demand challenges is balancing quality and efficiency. Customers want personalized, small orders, and they want them fast. Automating your workflow and leveraging the latest digital innovations can differentiate you from competitors. At the same time, you can focus on meeting changing customer requirements. With the right workflow software solutions, you can transform your print-on-demand business model and set yourself up for success.
Fujifilm XMF PressReady advanced workflow automation software is a purpose-built print production workflow system that automates routine and repetitive tasks. Integrating this system into your existing workflow frees equipment operators to focus on physical operations. At the same time, you improve efficiency and reduce production costs. Tackle the changing print-on-demand market with Fujifilm solutions.
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