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Are you thinking of starting a woodworking business in 2022? If so, you’re in luck! This blog post will provide you with 10 tips that will help you get started. woodworking is a great way to make money, and with the right advice, you can be successful. In this post, we will discuss topics such as choosing the right equipment, finding clients, and setting up your workshop. We hope that by reading this article, you will have all the information you need to start your woodworking business today!
You Don’t Need Much To Start
You can even start with borrowed tools if you need to. You don’t need a lot of expensive tools you can focus on building projects with what you have and grow over time.
Have a Business Plan
Come up with a plan on what time of projects you want to build and what market your going to attract. Find a target audience. This is something that will make you known for in your local area.
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Love What You Do
Build what you love. If you have to consistently build a project you don’t love then you most likely won’t stick with it. It’s best to build projects you really enjoy putting together.
It Takes Time to Grow
Be consistent because this business will take time to grow. The more happy customers you create the more referrals and business that will come your way. Try to go above and beyond to exceed their expectations.
Do You NEED That Tool?
Buy your tools as you need them not as you want them. This is the best approach to build a lean and successful business.
Require a Deposit
When you get an order for commission work always ask for a 50% deposit. This will keep them from canceling the order because they now have skin in the game so to speak.
Have an Income Source
As you start this business try to keep another source of income. This is the safest way financially to start this business. Although it will require extra work this allows you to reinvest profits from the business back into the business to help it grow because you have another income source to live off of.
LLC For Woodworking
Check with local attorney or CPA for legal and tax advice. All states have different requirements when it comes to your business entity and tax set up. Setting up an LLC for the business can be fairly simple just visit your state’s
How to Find Customers
Start by finding 1 customer. Don’t focus on reaching a ton of people to start with. Start by asking friends and family to buy your projects or ask if they know anyone looking for any projects you build. Network with professionals that have clients that they may want to give a unique “Thank you” gift to and could buy your projects to give as those thank you gifts. Word of mouth with grow over time.
Selling Woodwork Online
Etsy is a good place to start but keep in mind this platform is competitive so you will need review the competing listings and try to offer something unique compared to those to stand out and get those orders over your competition. You should also build a website to send potential buyers to.
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