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How to start a woodworking business on a small budget

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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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