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Content 1. How To Start A Woodworking Business On A Small
Budget
2. A Woodworking Business - Tips on How to Start
3. Woodworking Business: Finding Your Niche In The
Market
4. Woodworking Business Opportunities
5. Six Reasons Why Now Is The Perfect Time To Start
Your Own Woodworking Business
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1. How To Start A Woodworking Business On A Small
Budget
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.
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2) Advertising
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.
3) Tools
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.
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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.
If you are wanting to start your business on a budget then be sure
and check this out.
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2. A Woodworking Business - Tips on How to Start
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.
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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.
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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.
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3. Woodworking Business: Finding Your Niche In The
Market
As in any business it is important to focus your attention on what the
customer wants. All successful businesses have figured out what is of
value to their customers. It's no different in a home-based
woodworking business. If you are going to be successful, you can't be
all things to all people. You have to narrow your focus, in other
words you have to find your niche in the marketplace. doing this is
difficult but not impossible.
Now if you are a large company or have a lot of money backing your
venture you can hire a firm to do this for you. Lets face it though. If
you are just getting started in a home based woodworking business
you more than likely don't have a bucket full of cash around to hire a
firm to do this for you. So this is something you are going to have to
research on your own, and there are a number of ways to do that.
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One of the first and I think the most important is to see what the
competition is doing. You can talk to other pen the woodworking
business and some will be more than happy to give you advise.
Normally these are entrepreneurs who are self-confident and
successful and want to give a new guy a hand up and feel that quality
competition is good for the industry overall. Then there are the
others that keep everything close to the vest, and even then if you
ask the right questions you can gain valuable information.
Go to craft shows not just one but as many as you can go to there
are always two or three woodworking business represented at each
one. Plan on spending the entire day at as many craft shows as you
can, I suggest different craft shows because different shows attract
different kinds of woodworking businesses. Keep your eyes and ears
open, watch for which items seem to sell the best at each type of
show. Look for the woodworking business that sells more than the
rest and which of his woodworking projects are the most popular.
This will give you a lot of insight to the local market, it makes no
sense to waste your time and money making woodworking projects
that just won't sell in your area.
We all know how valuable the Internet has become in doing research
and when it comes to other parts of your new woodworking business
it will turn out to be very valuable, but when it comes to finding the
niche for your small woodworking business it just doesn't work like
the boots on the ground methods we have discussed.
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Picking a niche allows you to focus your efforts and to keep your eye
on the prize, and the prize here is to pick the right woodworking
projects that lead to a profitable woodworking business.
Now that you have your niche is when the internet does become
important, you want to build a website aimed at your product line
and build your SEO (search engine optimization) which is critical
because it will drive traffic to your site which will convert to sales.
Picking your niche is very important ans is just another key
component in planning your woodworking enterprise. Proper
planning increases your chances to be successful.
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4. Woodworking Business Opportunities
Woodworking offers a wide variety of different business
opportunities. Whether it is doing custom woodworking for a client
or creating simple wooden crafts and furniture to sell online there
are many different ways of putting your woodworking skills to good
effect and earn either a comfortable part time income or create a six
figure woodworking business.
Below are some of the woodworking business opportunities that
exist today in the crafts and furniture end of the market. These are
all high selling products that are easy to make. Some of these
products such as the walking sticks are being driven by demographic
trends which will only make these products more popular in the
future.
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When you are designing your own woodworking products it is
important to stand out from the crowd. While these items might
appear generic the key to commanding higher profit margins is to
provide a unique selling proposition. For example if you use a
particular type of timber you should explain its qualities in the sales
literature. If you use a unique design make sure that you take a
photograph of this and explain where the inspiration came from.
However often the best unique selling proposition is you. Explain
your own story and values and why you decided to become a
woodworker.
One of the first woodworking business opportunities we will look at
it is in garden furniture. Whether it is picnic tables, benches or
ornamental bridges there is a lot of room in this market to get
creative. The garden market is huge and growing. As baby boomers
retire they will be spending even more time in the garden. Their
thoughts will of course turn to how to decorate their garden. You can
help to fill this need with your own range of unique wooden garden
products.
Another market being driven by the greying of the population is
walking sticks. This is an often overlooked opportunity but is in fact a
huge market. It is also one that is growing as people become older.
Walking sticks are relatively easy to construct and do not use up a lot
of material. However a good walking stick can command easily over a
hundred dollars giving it excellent profit margins.
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Next look to cash in on the next great woodworking opportunity
which is the green market. This market is huge and it will only get
bigger in the future. Examples of products in this market include
composters and untreated planter boxes. The important thing with
this market is to play up the ecological element of your product.
Stress the fact that no chemicals have been used and construct the
products from recycled timber.
Over the coming years there will be even more woodworking
business opportunities. The move towards artisan and hand crafted
products means that the woodworking industry has gone through a
renaissance as of late. You can participate in this boom by cashing in
one of the many opportunities in the industry.
If you want to learn everything you need to know about starting your
own Six Figure Woodworking Business pickup your free "Start Your
Own Woodworking Business"
Click here for your Start a Woodworking Business Guide
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5. Six Reasons Why Now Is The Perfect Time To Start
Your Own Woodworking Business
Most people who decide to start a woodworking business do so
because woodworking is their passion. A well run business can also
be highly profitable and allows you the freedom to pursue the work
you enjoy in the time that you have available. Here are the top five
reasons why you should start your own woodworking business.
Extra Income
This is a big reason that people start their own woodworking
business. It can be conducted from home in your garage or shed
using the hours that you have available. This means that if you want
to continue to work full time you can certainly do so. You can run
your business in the evenings or on the weekends. That little bit of
extra income can make a big difference when it comes time to paying
the bills or to pay for that vacation that you deserve.
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Do What You Love
The thought of working in the evenings or on the weekends would
be enough to make most people run the other way. But if you are a
woodworking you know that you are doing this work already, so why
not get paid for it? There aren't many jobs where you can make
excellent money in your spare time doing what you love.
It Offers Security
These days nobodies job is safe. If you are working and you lost your
job tomorrow do you know how you would pay the bills? The answer
for most people is no. If you have a secondary income setup doing
woodworking then if the worst should happen and you lose your job
it is only a bump in the road. You can scale up your existing business
into a full time operation, who knows losing your job might be the
best thing that ever happens to you!
It's Cheap to Get Started
This is another great advantage to starting your own woodworking
business. If you have your own tools and a space to work then you
already have everything you need to get going. Even if you don't
have the tools you can easily get everything you need to get going
for less than $150.
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You Don't Need To Have a Lot of Skills
One of the big misconceptions about starting in this business is that
you need to be a master woodworker to get started. Nothing could
be further from the truth. If you know what end of a hammer to hold
then you can easily get going. All of the resources you need to build
simple woodworking projects are available online.
There Are Customers Everywhere
Thanks to the internet you can sell your wood products all over the
world. No matter where you are physically located you can start a
successful business. Through the internet you can reach high end and
high paying customers who will come back time and time again for
your wooden products.
If you want to learn everything you need to know about starting your
own woodworking business pickup your free "Start Your Own
Woodworking Business" Guide. Click here
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