This pack provides 6 different color variations for the Volocopter in MSFS 2020:
1) Black/Gold
2) Navy/Black
3) Blue/Gold
4) Navy/Black/Orange
5) Bumblebee Gold/Black
6) Bumblebee ALT Black/Gold
INSTALLATION
Install is simple: I would assume people know how to install mods for MSFS 2020 at this point in the game, but for the unknowing -- after downloading the archive file, extract or "unzip" the folder named JGW-Volocopter-Livery into the Community folder. Start the sim and either when starting a flight plan or in the hanger, choose the Volocopter. Go to Liveries and you should see the thumbnails.
POSSIBLE ISSUES
* You may notice that on some of these variations that some of the livery decals. ie. VOLOCITY or KEEP CLEAR, are missing. Unfortunately, this is by design. Apparently the livery DDS file (which is a 64x64 file) uses 4 colored boxes to create the colors for the logos and text (other than the actual decal DDS file). If you highlight the text in Blender, you can figure out which color square on the livery pertains to what text/logos on the texture. I did try creating the same file by selecting only certain letters and painting them in a different color and it would appear perfect in Blender -- VOLOCITY on the tail would be one color and VOLOCOPTER on the sides would be another. However, in-game it would NOT display the same way as if the in-game model uses a different texture. The TLDR: it is what it is unless someone knows how to fix this -- other than applying texture-paint or using stencils :)