Need Beginners Luck to start and grow a woodworking home business to success?
I’ll give you important rules to follow to earn a solid income.
This has been my hobby for 30-years.
Strangely, I was a true beginner with little natural skill but I wanted to learn the craft.
Besides filling my home with custom furniture and crafts to the point where keeping the family peace was worth more than another highly polished treasure, I've managed to sell more than a few custom pieces over the years.
In fact, my "hobby" was turning in to a blockbuster business...something I really didn't want to expand. My weekend hobby had already added two or three nights a week.
I was making great money. I could have made a very comfortable income if I wanted to go full time.
Here is how I started and my proven recommendations for you.
I have visited enough craft shows and retailers of custom furniture viewing their products, hearing shopper comments and checking out these pieces myself to suggest the following rules which, I believe, will make you highly successful in your woodworking home business.
I never wavered from these.
And, obviously, I feel quite strongly about my love for woodworking.
1. It’s all about your attitude
If your only goal is to make as much money as you can from your home woodworking efforts by turning out piece after piece as fast as you can, then I suggest you reconsider this wonderful opportunity.
This is an opportunity in which your craft is your prized procession.
To not be the very best you can be at your craft, as embodied in your own finished products, is to blow the tremendous profit-making opportunity of your woodworking home business.
2. Quality. Quality. Quality.
It won’t happen overnight.
But I suggest that working
toward being the best you can be by practicing and trying different ways to
“only” turn out a product that is truly a treasure--something you are beyond
proud of--is a truly satisfying way to earning a significant part time or full time income. (Probably much more income that you thought possible.)
Exact; yes exact measurements like the ones you get from a flat metal ruler of various lengths with a scale starting at 1/32. That’s an example of exact! Please don't use the traditional tape measure!
The measure of the success of your venture will depend upon the exact quality of your product being viewed by a potential purchaser as a treasure.
That’s what custom woodworking is; no nails, no screws just mortise and tenon joinery and mirror-like finishes!
3. My Initial steps at a part time business
Yes, it took me a couple of years to learn how to work smarter rather than harder. But, I persevered...costly mistake after costly mistake.
I didn’t have the resources of the Internet or master teachers showing me how to get better.
I would have saved a couple of years of self-learning and the sacraficing of scarse dollars if I had the solid woodworking home business opportunities designed by (1) Ted Mcgrath and (2) Jim Morgan.
Don't get me wrong, my experiences were wonderful, but an expensive time, especially when I decided to venture into selling my treasures as a small business.
But today, you have 2 precious guides that are worth an absolute treasure; something I never had.
I truly wish I had these treasures to learn furniture and craft woodworking!!
4. Hooking Up with an All-In-One Woodworking Supplier
From my experience, the major success of my business depended on building personal relationships, ones that have multiple on-going interactions. It's more like having friends to bounce questions off of and getting their suggestions.
The big box stores are out.
Please, never shop there.
They do not offer the quality of the tools, wood products, finishes and professional expertise when you have woodworking questions.
Their products may have the same name but they also may, for example, contain plastic parts rather than parts made of metal. Why do you think they can sell them so cheaply?
For over 25-years I have used only one supplier for
everything I have used in my hobby/business. That source is my local hardware store.The last 10-years I have mostly shopped her store online, calling if I needed help.
I’ve developed a mutual trust with them. They go out of their way to help me with technical advice, tools, wood, knobs, stains, etc., the whole shebang!
Their help with my questions over the years has been worth hundreds, maybe even a couple/three thousand dollars. My hardware store carrys the finest products available.
But it’s all about the "relationship." Yes, even when using online ordering, you can develop a relationship with a live person when you need help. Especially when you start your woodworking venture, I strongly belive you need a "kindred spirit" from which to seek advice. This will save you big bucks and a whole bunch of errors.
Maybe for you, your local hardware store is not what you want. My point is, "please find a 'local' shop which carrys woodworking tools, etc. and develop a great relationshjip with them."
I firmly believe in having solid relationships.
I know your woodworking home business can produce over time, outstanding crafted treasures.
So how do you price them?
Add up your time and materials cost. Price your time at $20 hr. Don't forget to add overhead costs like car expenses per mile (53 cents) electric, depreciation of tools, etc. After all, this is a woodworking home business.
Well, I nearly always thought my prices were too high. I was scared my gems would not sell.
I finally got more comfortable with pricing my handcrafted crafts and furniture at a price that paid me well for my time (way more than $20 hr.) and materials.
The moral of the story is, “if you think the price of your item is way too high and no one will buy it, please add 30% more!!"
Quality sells. Period.
If you’re seriously proud of the finished product, it WILL sell.
Obviously, local stores that provide upscale craft and/or furniture are excellent sources for your woodworking home business products.
You can either sell your item(s) at a lower price (the retailer need at least a 40% mark-up) or, maybe they will consign it for you, paying you when it sells.
Also, if you have access to a regional home show, consiter renting a booth and put together a nice looking display for your woodworking home business.You will be surprised at the number of leads you will obtain for your custom work.
For me over the past 8-years or so, Internet sales have driven the bus.
Solid content about my products plus a ton of photographs and putting together a website that get found by folks looking for quality products, increased my sales four-fold. That’s one reason I had to work week nights.
Here is information on How To Judge A Website Builder whether you’re building a website yourself or having someone else do it.
It’s been a pleasure sharing my experience with you. All my best for your success.
Thank you for visiting Woodworking Home Business.