Pros:
1 Low overhead costs – A packaging design business requires minimal investment in terms of software, equipment, and space. It can be an extremely cost-effective business model for entrepreneurs who are looking to enter the market without taking on significant risk.
2 Accessibility to clients – With the rise of digital platforms and networks, it is easier than ever for entrepreneurs to connect with potential customers. This enables them to showcase their work and find new business opportunities in a much shorter amount of time.
3 Creative freedom – Packaging design offers a great deal of creative freedom. Entrepreneurs are able to explore different design solutions and create unique pieces that have the potential to stand out among their competitors.
Cons:
1 No guarantee of success – Despite the low overhead costs, there is no guarantee that a packaging design business will be successful. Entrepreneurs must be prepared to put in the work to find clients and make sure that they are delivering quality work that meets their customers’ needs.
2 Intense competition – The packaging design market is extremely competitive, and there are a lot of talented designers out there vying for the same clients. This means that entrepreneurs must be prepared to stand out from the crowd and truly impress potential customers with their designs in order to succeed.
3 Time commitment – Packaging design requires a significant amount of time and dedication. Entrepreneurs must be prepared to put in the work to develop creative solutions that meet their clients’ needs. This can mean working long hours and taking on multiple projects at once.