Do you enjoy making things out of wood? Maybe you made a few things in shop class while in high school or maybe you enjoy building birdhouses, picnic tables, etc. If you enjoy woodworking, then why not be your own boss? Why not make a living out of woodworking? I want to share with you some tips on starting a woodworking business with little to no overhead. Wow, a business with little or no overhead and loving what I do! That’s right, your very own business at home, making money.
1) Business license, etc.
A business license is the first thing that you will need when starting any business. Depending on where you are planning to start your woodworking business at will depend on what kind of license, permits, etc, if any, that you will need. There is usually a small fee for these license, permits, etc. You may also want to hire an accountant to keep track of your books or you may choose to do this yourself. To insure that you have all the proper paperwork needed be sure and check with your local state offices. Starting a business at your home will require a lot less money and required permits, etc, to get started.
Advertising your woodworking business can be expensive, but lets talk about some less expensive, proven methods of advertising. Try handing out business cards or flyers to friends and family. You can also ask to put your business cards or flyers in local real estate offices, hardware stores, etc. Be creative and try to target the market that will most likely want to purchase your products. Always get your customers email address if possible, sending out email newsletters is a very inexpensive way of keeping in touch with your customers. If you decide to start your business somewhere other than your home then you will want to make sure you have good signage.
Tools are a must in the woodworking business, but the good thing is most of us already have a big part of what we need in our garage or shop. You will need power tools, such as a router, jig saw, sander, drill, miter saw, table saw, etc. Once your business takes off you may want to invest in a nail gun and compressor. You will also need some hand tools, such as tape measure, screw drivers, hammer, t-square, clamps, hand saw, etc. Once again, we are talking about starting a woodworking business on a budget, so if you don’t have all the tools needed to start your woodworking business then ask a neighbor, relative, or friend to borrow them. You may also want to consider renting some tools at first.
4) What to sell
When starting a woodworking business you may want to start out by selling smaller items that will require less materials. Some small items may include bird houses, kids toys, craft items, etc. When you start selling the smaller items in your woodworking business then you should consider moving on to the larger items.
Larger items to sell in your woodworking business may be items like picnic tables, portable barns, Gazebos, play houses, etc. When your woodworking business begins to really take off and you are starting to build up capital, then maybe you will want to consider contracting woodworking jobs outside of your shop. Some contacted woodworking jobs may be decks, work sheds or barns, book shelves, furniture, etc. Investing in good woodworking plans is a must to being successful and not making costly mistakes.
Below is a link that has been proven to be one of the best set of affordable plans on the market.
Good Luck in starting your new woodworking business on a budget. I hope that I have been helpful.
A Woodworking Business – Tips on How to Start One
If you love to woodwork and want to increase your income, then a great way to do this would be starting a home based business. any one who has reasonable woodworking skills can easily start his or her business from home. What you will need to do is, start small and build a portfolio of your work. this is a great way to impress your potential customers.
It is indeed an excellent idea If you want to make a career in woodworking . There are many examples of people who have become rich with the help of woodworking business.
If you are really serious this? Then it is just a matter of time and hard work, before you become successful with your business. A woodworking business is a good source of income, whether you work part or full time at it. If you love to work with wood then there will not be any problems for you starting a woodworking business.
It is common knowledge that many people have doubled their income by doing woodworking part time. Handcrafted wood is in great demand these days and always will be.
If the handcrafted wood has a beautiful design and is of good quality then you will find that you can ask the price you want from your customer. If you decide to manufacture wooden toys then it is indeed a golden opportunity for you to start a woodworking business at home. Children always love to play with wooden toys. But then you will also find that most wooden products are marketable today.
If you are a skilled worker and are able to manufacture furniture, such as cabinets, chairs and tables then you should not think twice about starting a woodworking business. Cabinets, chairs and tables are used every day and also in great demand. Hence there is no way that you will remain idle if you start a woodworking business manufacturing these products. In fact you may find that the orders you receive for making cabinets and furniture will be so many, that you will have to consider hiring skilled workers.
At present the woodworking business is booming. Thus, there is no reason that you will make a loss if you start a woodworking business. If you have the skill and talent combined with some design flair, then you can easily make money with a woodworking business.
If you want to start a woodworking business then you should know the requirements for opening this business. More importantly you should be clear about the type of wooden products that are going produce. From the type of wooden products that are going produce, you will be able to get an idea about the tools and supplies that you will need to start your business.
A good idea when you start is to advertise your business through newspapers this is a great way to attract potential customers. You could also create your own website where you can showcase your products to your potential customers. A website is indeed a nice way to showcase all your wooden products.
You could also make extra money with your website, by placing adverts with the name of suppliers in your city that can provide the various woods needed as well as wood manufacturing tools.
Never make the mistake of using sub standard materials. Quality is important especially in wooden products that will be in daily use. A substandard product will definitely ruin your reputation, which will have an adverse effect on your woodworking business or it could even put you out of business.
Creating Sales Channels For A Woodworking Business
Sales are the lifeblood of any business, whether they offer a service or a physical product. In the woodworking business of course, we produce physical products, and they can range anywhere from a simple toy for children to very expensive fine handmade wooden furniture. Whatever niche your woodworking business falls into has a major influence on the type of marketing strategy you will have to use to create sales. So what exactly is a sales channel. A sales channel is the way of bringing a product or service to market so they will be purchased by customers. A sales channel is direct, if it involves a business merchandising directly to customers, or it is indirect, if an intermediary like a distributor is involved in merchandising to customers.
Lets discuss indirect sales channels first because they fit very well with a woodworking business.
Depending on the type of woodworking projects you produce will determine which types of distributors you should be looking for. Let’s for example, say you are making fine wooden handmade furniture. Of course you would not start looking at the big box furniture stores that sell mass-produced furniture, because that is not your market. I suggest you check out small specialty furniture stores that sell high-end one of a kind merchandise. Try and find out who their distributors are and contact them to see if they will handle your woodworking projects. You should get a brochure printed up with examples of your best work to hand out to both distributors and retailers.
Another great indirect sales channel for specialty woodworking businesses that I have had a lot of personal experience with are interior design firms. My wife owned her own interior design firm for almost 20 years and she used a large number of woodworking businesses to make fine furniture for high end clients. So get that brochure made and send them out to all interior design firms in your area.
Indirect sales channels work well with any woodworking business because it lets you market your woodworking products through a number of different outlets.
Now let’s discuss direct sales channels as it pertains to your woodworking business and how to develop those channels. Remember a direct sales channel is where you market your woodworking products directly to your customers, with no intermediary involved. Use trade shows and craft fairs to show off your products, a good weekend at a high-end craft show can generate a good deal of revenue.
You can develop direct sales channels through the use of different print media. You can take ads out in newspapers and magazines because there are still lots of people that read print media, but as time goes on I expect this will inevitably give way more and more to the Internet. Creating a direct sales channel using the Internet can be accomplished in a number of ways.
You can start a blog for free at sites like blogger.com, where you can post articles about your work. You can take part in forums, but look for forms that are dedicated to woodworking. You can also start your own website, but if you do, you are going to do your research on SEO (search engine optimization), which no matter what anyone tells you is extremely hard to accomplish. Remember you’re competing with literally millions of other sites.
In order to have a successful woodworking business, you will need to develop both direct and in direct sales channels as part of your marketing strategy.