Are you interested in starting a woodworking business but you don’t know how to start? Then below are ten inexpensive woodworking small business ideas for 2017.
Woodworking simply involves making or carving items from wood. From indoor woodwork like chairs and kitchen cabinets to outdoor woodwork such as railings and sheds, the demand for woodworking has always been on the high and will remain so for as long as trees and wood exist.
Many people pride themselves on solid woodworking skills, but they never take it beyond the hobby level. If that describes you, then you can convert your skills and experience into a profitable business without breaking the bank to get started. Since there are no formal qualifications required, then nothing stops you from taking a plunge any time you wish.
Here are 10 inexpensive woodworking business ideas that you can start right now. Some might sound odd, but the truth is, all these options can be very profitable in the long term.
1. Selling woodworking equipment and supplies
If you live in a locality where there are already a good number of woodwork “specialists,” then you should consider starting a business that sells various woodworking equipment and supplies. This is a better way to enter the woodworking market in your locality without having to face stiff competition.
2. Sell your works online
People are finding it more convenient to buy and sell over the internet. If you are very creative and can continue to churn out hundreds of woodwork craft without running out of ideas, then you can make a lot of money by selling your craft over the internet. This way, you won’t face the challenge of local competition, as you will be presenting your craft to a global market. Ebay and Etsy are examples of reputable online marketplaces where you can put up your woodcraft for sale.
3. Outdoor woodworking
If you have the required skills, you can specialize in outdoor woodwork, such as construction of sheds, railings, frames, and so on. If you live in an urban area where new buildings and structures spring up on a daily basis, you will have a large market to cater to, and huge profits to make.
However, you must bear in mind, however, that starting a business that constructs outdoor woodwork will require that you hire one or few more people to work with you. You can hire them on a contract basis, though.
4. Open a woodwork retail store
If woodwork, such as indoor furniture, woodcraft, and so on are in huge demand in your locality, then you should consider setting up your own retail store where you put up your woodwork for sale. Location is one of the factors that could make or break the business, so choose a location where customers will easily notice and assess your store.
5. Indoor furniture
Indoor furniture such as sofas, cupboards, kitchen cabinets and so on are usually more expensive than other types of woodwork. And this might be enough reason for you to specialize in this aspect of the woodwork business. If you have the required creativity and knowhow, you’ll make huge profits in the long run.
6. Construction woodwork
Most building construction projects require the services of a woodwork specialist. In many places, wood is used as components of the roofs of buildings to hold the aluminum sheets. If this is what obtains in your locality, then you can create a profitable business by focusing on construction woodwork.
7. Start a woodworking blog
Many people all over the world are searching the web for more information about woodworking. While those who are not so good at it are searching for tips on how to hone their skills, those who are highly skilled are looking for ways to monetize their skills and experience.
If you are highly experienced in woodworking, then chances are that you would be able to provide the relevant and helpful information to other woodworkers. Once you have built a large audience of loyal readers, you can monetize your blog through affiliate marketing, direct adverts, and so on.
If you are a seasoned woodworker, then you can make a decent income teaching others who want to learn more about the art. This requires little or no startup capital.
9. Corporate woodwork
This aspect of woodworking involves tailoring your services to corporate clients only. For example, you can make office furniture, such as desks, shelves, etc and offer them to businesses and other organizations.
10. Repair and maintenance
If you are not so good at woodwork but are highly skilled at repairing damaged wooden materials, you can start rendering your services to homeowners and other individuals who need to have their damaged wooden items fixed.
If you are on a small budget, how much money do you really need to start and how much can you realistically expect to make? Click here for a step by step guide for making thousands of dollars from your existing home workshop.