As the saying goes, “The more you learn, the more you earn,” and turning your woodworking skills into a profitable business at home seems like a great way to get paid while also doing something you love and are great at the same time.
So let's get you started in the right direction by allowing me to show you how WoodProfis works. There’s nothing quite like receiving gratitude and reward for the work and passion you put into creating every piece of fine woodworking projects. Not to mention, woodworking is a comparably low-cost market to get started in when undergoing a new home-based business.
While staring a woodworking business from your own home is a great plan, it can be hard to accomplish and maintain in real life. You’ll have to confront and overcome difficulties like finding your target market and selling your beautiful wood crafts to them, and that's where the WoodProfits guide comes into play.
Worry no more, as Wood Profits: Simple Guide to Starting a Successful Woodworking Business in your Garage (link to official website), an eBook is drafted by James Morgan is here to serve as a meticulous guide for you to learn the in's and out's of the business.
While other books and publications try to explain in detail how to start a Woodworking business from your home, this WoodProfits guide written by James Morgan contains everything you need to know about starting a home-based woodworking business. It’s a guide that covers subjects like picking the correct niche market to sell your products to. You will learn how to set up a website where you can exhibit your learned talents all explained with easy to follow in-depth steps. Learn valuable knowledge and expertise from someone who has gone through this process and ended with a successful woodcraft business earning thousands of dollars a week.
This guide is divided into many parts that discuss the process one step at a time. Here are some of the specific subjects discussed so you’ll have an idea of what to anticipate when you order this ebook.
How to Prepare a Business Plan.
As with any other enterprise, planning is an essential step in starting a new business. A plan that describes your business goals and future activities that are crucial to your ultimate success. In Wood Profits, Jim Morgan shares how to prepare the right business plan, because without a vision or a proper plan it's like building a product that no one will want to purchase.
Setting up a Workshop
The workshop is where you’ll be doing most, if not all, of your design and product work. To save on costs and for convenience, Morgan recommends that you set up your workshop in your garage. You can choose other parts of your home, but the eBook details explicitly how to convert a garage into a workshop for your woodworking business. In the eBook, you’ll find guides on how to pick a layout, set up some proper lighting, and install some ventilation that’ll suit the garage space you already have.
Determining your Niche Audience
Since woodworking is such a broad category which can cover anything from making furniture to children’s toys, you’ll need to be clear about what kind of products you want to sell.
In Wood Profits, Morgan walks you through choosing and finding your business’s niche and target audience. The book is filled with tips on how to scout online sites like Etsy and eBay to research existing competition.
How to Target your Customers
Your target market is an ideal set of people who are most likely to buy your products without much convincing. The book details some beneficial online and offline methods that’ll help you find your target market. Some of the techniques documented by Morgan are conducting focused group discussions and doing an online survey of what currently sells on sites like eBay and Etsy.
Strategies on how to sell “BIG” using Etsy
The author also recognizes the importance of Etsy as a platform for selling custom products such as woodworks. With this in mind, you’ll find useful tips on how to dominate Etsy detailing such issues as how to open a shop on the site, how to price your goods, and writing product descriptions that convert to sales.
Tips for setting up Selling Online and Offline
You can also sell your products in other ways. The book details how you can create your website that’ll showcase and sell your work as well as how you can make the best of offline sales channels such as flea markets and craft events.
Working with Customers and Contractors
Morgan recognizes the importance of dealing with people as part of your business’ would-be success. Thus, Wood Profits has two separate chapters dedicated to tips on how to negotiate with clients through contracts and how to deal with contractors and suppliers.
Bonus: The Most Profitable Woodcraft Products to Builds (with plans)
Aside from the crucial topics mentioned above, you’ll also find a bonus chapter that lists the top 10 most profitable craft products you can easily create. Not only that, but the chapter also comes with highly-detailed instructions and even blueprints that will guide you through each step of the building process.