7 Great Ideas On How To Start A Profitable Woodworking Business
- Written By: The Good Lifestyle
- October 5, 2022
- 11:36 am
Have you decided to start your own lucrative home-based woodworking business?
Great. Here’s a list of 7 great ideas to get your woodworking business running.
(Please share with your family and friends… they'll love you for sharing this information that could save them money and time on their next DIY woodworking project! )
If you REALLY want to explore the complete range of money-making woodcrafts, we highly recommend you download WOOD PROFITS.
You will find hundreds of best selling projects with complete plans and instructions to make them…
Table of Contents
Wood Turning Business
1.) Wood Turning Business – Fruit bowls, candlesticks, stair spindles or baseball bats,
…there are literally hundreds of different products which can be manufactured simply by purchasing a wood-turning lathe and mastering the art of wood turning.
While you can sell finished products directly to consumers, you’ll find it’s more lucrative to arrange accounts with retailers, such as gift shops, to stock and sell your products.
Just a dozen or so accounts with retailers like this can generate a very comfortable income for you from the manufacturing and wholesaling of your products.
Wooden Signs Manufacturing
2.) Wooden Signs Manufacturing – There are a few methods of manufacturing highly attractive and functional wood signs.
The first is to use a router to remove wood and leave the message or words raised, or concave.
The second method requires using a design stencil and sandblasting equipment to remove the wood around the message or words.
This manufacturing method can also produce a raised or concave appearance to the sign.
When starting, a novice wood sign-maker should have an outside firm produce the wooden blanks for the signs, unless you have the required woodworking skills and equipment to construct the sign blanks.
All types of businesses and professional services can utilize wooden signs.
Traditionally, wooden signs are extremely popular with bed and breakfast lodgings, lawyers, accountants, doctors, antique shops, cafés, and gift shops.
Currently, high-quality wooden signs are selling at prices starting at $500 each and upwards depending on size, complexity, and the type of wood used for the sign.
Wine Rack Manufacturing
3.) Wine Rack Manufacturing – Are you searching for an inexpensive business startup that can be operated part-time from home?
If so, you may want to consider focusing on manufacturing and wholesaling custom-made wine racks.
This business is easy to start and only requires basic woodworking skills and woodworking equipment.
In addition to constructing the wine racks from wood, you could also build the racks from metal, or even better, all recycled material, such as scrap metal and used building material that can usually be acquired for free with a little bit of detective work.
Once you’ve designed and constructed a few wine racks, they can be sold wholesale or consigned to wine stores, furniture stores, liquor stores, u-brew-it wine shops and even restaurants.
The key to success in wine rack manufacturing is to have a unique product that consumers are compelled to purchase for themselves or as a gift for others.
Wind Chimes Made from Wood
4.) Wind Chimes Made from Wood – Wind chimes can be manufactured from almost any kind of material, including wood.
Starting a business that manufactures wind chimes can be a great way to turn spare time into extra income.
The wind chimes can be sold to retail stores, garden centers and gift shops on a wholesale basis.
Or, you can sell the wind chimes directly to the end consumers via a booth at a busy flea market, mall kiosk or an online mall.
While there may not seem to be a lot of potential for profit in this type of manufacturing business, consider the following: 50 retail accounts that sold only four wind chimes each month would produce total unit sales of 200 wind chimes.
A $10 gross profit on each wind chime sold would produce gross profits of $2,000 each month for your business venture.
Now imagine if you established 500 retail accounts across North America that achieved the same sales volumes, this simple manufacturing and wholesaling business would then be generating gross profits of $20,000 per month.
Wooden Theme Toy Boxes
5.) Wooden Theme Toy Boxes – Manufacturing theme toy boxes is a wonderful home based business venture,
and best of all, the business can be kicked into high gear with less than a $1,000 initial investment.
The key to successfully manufacturing and selling toy boxes is to ensure that the designs are original, the material used in the construction of the toy boxes is unique,
…and the finished product is colorful and depicts an elaborate children’s theme such as horses, cowboys or dinosaurs.
You can sell the toy boxes to retailers on a wholesale basis or directly to consumers via the internet, trade shows, a mall sales kiosk or mail order.
As an additional source of revenue and as a marketing tool, also consider making wooden toys and including one wooden toy with each toy box as a surprise bonus gift.
Wooden Jewelry Boxes
6.) Wooden Jewelry Boxes – Making and selling jewelry boxes can be a very profitable home based business.
Jewelry boxes retail for as much as 10 to 20 times of what it costs to build them.
This type of manufacturing business allows you to be very creative in design and in the materials selected for the construction process.
Or in other words, you get to “think outside the jewelry box.”
Consider using materials that normally would not be used for building this product, like recycled items, seashells, glass, or plastic.
You can market the boxes at crafts sales and flea markets, sell them to retailers on a wholesale basis, or even get the jewelry boxes featured for sale on numerous websites.
You see, jewelry boxes are in demand and many people search for them online.
We think you can do very well with this item by creating an online shop on Etsy. Just make sure to take the time and trouble to go through the initial steps like creating a brand name, logo and taking great pictures.
Wooden Bookends
7.) Bookends – Manufacturing bookends? Why not? They fall into the category of a great gift for someone who has everything.
And best of all, you can operate this business right from home and it can be set in motion for less than $500.
One of the key elements for this manufacturing venture to take off and fly will be your ability to design and create very unique and different bookends.
You can capitalize on the ever-increasing environmentally friendly theme and manufacture all the bookends out of recycled materials.
If you decide to do this, be sure to include the fact that your products are manufactured from recycled materials in all packaging and promotional material, as this can be utilized as a fantastic marketing tool.
Your finished products can be sold through retail stores, such as gift shops, bookstores and the internet.
Woodworking is a lucrative home-based business and you can hit the ground running with these 7 woodworking business ideas to start generating more income.
