We did some xometry work we quoted higher than there asking price on stuff that other people didn’t want to do. Overall it wasn’t a good fit for us but it would be good for someone just in their garage
It works well for the smaller shop. I do have some business friends that own some high dollar Hermle 5th axis mills. They swear by xometry because their equipment can do just about any job fast
Maybe I can contact xometry and see if it's okay to give out advice on the Trial part. It looks really simple compared to the legacy part I had to do when I became a partner. My part was 303 stainless steel with 2-56 tapped holes. That one sucked! The new one looks like it's aluminum with some tight tolerance holes (+.001 / -.000) Hopefully I can get permission to go through the trial part for everyone.
@ I saw another video on here going over the aluminum part, but I don’t think that guy ended up doing business with xometry so who knows if it’s ok with them to talk about it or not
Just found your channel and loving it. It comes at a perfect time as my son is graduating with a BS/MS of Mechanical Eng. and looking to use our hobby shop for side hustle. The one thing not described in this video is any CAM work. What was required by you and the costing of that when you bid the job? Thanks!
Hey, The total for cam work on this component was 30 minutes of programming. The 1.5 Hours it took was cam programming, Set-up, and running the job. Along with inspection and packaging. These parts were really simple to run. We've also become efficient with uploading paperwork and packaging! I used to use Mastercam, but switched to fusion 360 for the cost. That's awesome, Best of luck to you and your son. Thanks for the support!
You're crushing it! Looks like you've got plenty of cash flow to put back into the business even with the short loan term on the Syil. How long until you add another VMC?
@Dellpodder Thanks! The short term was a real pain at first, I have 8 months left! Depending on the type of work I get, I'll start looking at a used lathe at around mid next year. I'm always ready to buy if I get the correct order 🧐 Until then, I'll continue on the track I'm on. I thought about getting a second syil, but on the off chance I can get a new building, I can get a large used okuma genos for the same price 🤔 Hopefully June next year!
I will make some more content on the process from A-Z of making a fully compliant machine shop in the coming months. For the most part, a simple google search will lead you to some insurance agencies that will get you the correct insurances. But in short, Product insurance to protect against law suits if you sign a certificate of conformance on a product and it fails. General liability for shop injury, lability, theft, natural disaster ECT.... I would say it makes sense for you to get it if you're doing work for all job shop, xometry, and product development.
Hey! I've been wanting to make the jump to starting my own shop for awhile now, but I only have experience with lathes (tight tolerance, dual spindles, with live tooling). Would there be enough lathe work on Xometry to allow me to start or do I need to get experience with milling first? I'll be graduating with my associates in CAD Engineering in a week and will have a lot more free time going into next year which is when I would want to start. My main concern is being able to weather the storm before getting production contracts from other companies. Any thoughts on this would be appreciated! I've been enjoying all your videos recently. You've inspired me to get back on track and pursue this myself. Thank you!
Thanks for the support, I'm glad I'm able to inspire you to get it figured out! It's difficult with a lathe, especially a turning center with live tooling, Y axis, and sub spindle. Although there is a fair share of jobs to be had with xometry on this machine platform. The type of work with the most demand is a CNC milling center with atleast 60" of travel in the X axis with a 5th axis trunnion that you can take on and off. This is the best combo I've seen for doing Xometry work. You will be able to entertain most offers without equipment constraints. A large lathe 13" diameter max, with live tooling comes in 2nd place. This is my general observations with the job board. Good luck and thanks for the support!
I am also xometry partner for last 9 months and made around 70 jobs, however from october i haven't seen any new offers at all. Do you have jobs currently? Xometry employees are saying that they dont have much orders from clients.
@AscendedTechnologies i am premium partner and my score is around 94. I am based on india and our payrate is very less compared to you. From 70 jobs we got around 35k usd. We've also completed some complex jobs, however i think pay rate is less for international partners. I hardly see any job offers on portal nowadays.
I heard something about there being a xometry ultra premium partner or a level higher than premium. Have you heard this? If I was Just starting what metrics would you suggest I track? Are there any spreadsheets out there that are already made?
@ItzWheeler You're correct. There's standard, premium, and ultra premium. I'm going for ultra currently. It's all based on performance and quality systems. You can also upload certifications like ITAR and see related work you wouldn't see otherwise. If you're talking about metrics with xometry, the partner portal tracks all the important ones live there. I would tract actual profit after all operating expenses. That's the one most people get skewed perceptions with. That and efficiency and job hours. Make sure you're consistently operating the profit band you layout for yourself 🙂
These nuts and bolts videos of finances are great and very helpful, thanks
Thanks for the support! I try to keep it as relatable to machinists and engineers as i possibly can without getting into the accounting terminology
We did some xometry work we quoted higher than there asking price on stuff that other people didn’t want to do. Overall it wasn’t a good fit for us but it would be good for someone just in their garage
It works well for the smaller shop. I do have some business friends that own some high dollar Hermle 5th axis mills. They swear by xometry because their equipment can do just about any job fast
Great video, love the channel. Really enjoy following you
Can you explain the levels of Xometry. Hearing it from and end user is always way better. Maybe a video?
Will definitely make a video on this topic!
I'm glad you're making some money with them.
Thanks!
Would be cool to see a video of you doing and explaining how you did the xometry trial part.
Maybe I can contact xometry and see if it's okay to give out advice on the Trial part. It looks really simple compared to the legacy part I had to do when I became a partner. My part was 303 stainless steel with 2-56 tapped holes. That one sucked!
The new one looks like it's aluminum with some tight tolerance holes (+.001 / -.000)
Hopefully I can get permission to go through the trial part for everyone.
@ I saw another video on here going over the aluminum part, but I don’t think that guy ended up doing business with xometry so who knows if it’s ok with them to talk about it or not
Just found your channel and loving it. It comes at a perfect time as my son is graduating with a BS/MS of Mechanical Eng. and looking to use our hobby shop for side hustle. The one thing not described in this video is any CAM work. What was required by you and the costing of that when you bid the job? Thanks!
Hey, The total for cam work on this component was 30 minutes of programming. The 1.5 Hours it took was cam programming, Set-up, and running the job. Along with inspection and packaging. These parts were really simple to run. We've also become efficient with uploading paperwork and packaging! I used to use Mastercam, but switched to fusion 360 for the cost.
That's awesome, Best of luck to you and your son. Thanks for the support!
You're crushing it! Looks like you've got plenty of cash flow to put back into the business even with the short loan term on the Syil. How long until you add another VMC?
@Dellpodder Thanks! The short term was a real pain at first, I have 8 months left! Depending on the type of work I get, I'll start looking at a used lathe at around mid next year. I'm always ready to buy if I get the correct order 🧐
Until then, I'll continue on the track I'm on. I thought about getting a second syil, but on the off chance I can get a new building, I can get a large used okuma genos for the same price 🤔 Hopefully June next year!
Very nice!
Thanks!
Hey Evan, can you share any info on navigating business insurance? I'm doing a mix of Xom work, other job shop, and some product development.
I will make some more content on the process from A-Z of making a fully compliant machine shop in the coming months. For the most part, a simple google search will lead you to some insurance agencies that will get you the correct insurances. But in short, Product insurance to protect against law suits if you sign a certificate of conformance on a product and it fails. General liability for shop injury, lability, theft, natural disaster ECT....
I would say it makes sense for you to get it if you're doing work for all job shop, xometry, and product development.
Hey! I've been wanting to make the jump to starting my own shop for awhile now, but I only have experience with lathes (tight tolerance, dual spindles, with live tooling). Would there be enough lathe work on Xometry to allow me to start or do I need to get experience with milling first? I'll be graduating with my associates in CAD Engineering in a week and will have a lot more free time going into next year which is when I would want to start. My main concern is being able to weather the storm before getting production contracts from other companies. Any thoughts on this would be appreciated! I've been enjoying all your videos recently. You've inspired me to get back on track and pursue this myself. Thank you!
Thanks for the support, I'm glad I'm able to inspire you to get it figured out!
It's difficult with a lathe, especially a turning center with live tooling, Y axis, and sub spindle. Although there is a fair share of jobs to be had with xometry on this machine platform. The type of work with the most demand is a CNC milling center with atleast 60" of travel in the X axis with a 5th axis trunnion that you can take on and off. This is the best combo I've seen for doing Xometry work. You will be able to entertain most offers without equipment constraints. A large lathe 13" diameter max, with live tooling comes in 2nd place.
This is my general observations with the job board. Good luck and thanks for the support!
I am also xometry partner for last 9 months and made around 70 jobs, however from october i haven't seen any new offers at all. Do you have jobs currently? Xometry employees are saying that they dont have much orders from clients.
What partner level are you? Orders have definitely slowed down from out 100 offers a day in May, maybe 20 a day for us.
@AscendedTechnologies i am premium partner and my score is around 94. I am based on india and our payrate is very less compared to you. From 70 jobs we got around 35k usd. We've also completed some complex jobs, however i think pay rate is less for international partners. I hardly see any job offers on portal nowadays.
Was the programming time in your cost. , did you program or does Xometry send you the program.
The programming was included in the 1.5 hours time. My apologies, I skipped the programming section. 😅
I created the program on fusion 360
I heard something about there being a xometry ultra premium partner or a level higher than premium. Have you heard this?
If I was Just starting what metrics would you suggest I track? Are there any spreadsheets out there that are already made?
@ItzWheeler You're correct. There's standard, premium, and ultra premium. I'm going for ultra currently. It's all based on performance and quality systems. You can also upload certifications like ITAR and see related work you wouldn't see otherwise.
If you're talking about metrics with xometry, the partner portal tracks all the important ones live there.
I would tract actual profit after all operating expenses. That's the one most people get skewed perceptions with. That and efficiency and job hours. Make sure you're consistently operating the profit band you layout for yourself 🙂