Is Woodworking a Good Business?

There are so many different businesses out there, it honestly is quite difficult to fathom.

From clown services, to jewelry making, to cake baking, to pet-keeping, there is a business out there for everyone.

However, when it comes to woodworking, is it a good business? 

Woodworking is a great business because you have the ability to create income through a passion. Woodworking is a craft, it is an outlet to express what you love, and it is flexible enough to become whatever you desire. You can also scale cost to your market and production capabilities

There are a million different advice columns on how to develop your woodworking business, but you first must understand why exactly woodworking is a great business to get into in the first place.

Continue reading to discover the top four reasons why woodworking is a business opportunity for those of you who see your hobby as something that might be able to become a little more profitable.

With a little inspiration, you can turn your woodworking skills into cash. 

4 Reasons Why Woodworking is a Good Business 

Woodworking is a wonderful option for a business because it is about so much more than simply making money- although profitability is not short in the woodworking world.

Due to its nature, for most, woodworking starts out as a hobby and then slowly develops into something that skilled (both professionally and amateur) woodworkers are capable of turning into a profit. 

The woodworking process is very organic and thus can be something that you shape into whatever it is you, as an individual, envision.

Because of this, you are really able to make this business as small or as large as you want.

Fortunately, most people who are looking to get into woodworking as a business often already have many of the tools and ideas that they need to start.

Without delay, here are four reasons why woodworking is such a great business: 

  1. Woodworking is a craft (and a trade). 
  2. Woodworking is an outlet to express a passion. 
  3. Woodworking is what you make it- literally.
  4. Woodworking can be scaled to your market and production capabilities.

Let’s take a closer look.

1. Woodworking is a Craft (and a Trade) 

Woodworking is a craft, and it can also be a trade.

Woodworkers can produce a stunning piece with their own two hands through years of trial and error, of questioning their abilities, of figuring out a new way to tackle something, of scrapping a piece they thought would be gold, of finally getting that new method down, of creating something no one else on this Earth holds in possession. 

Woodworking is not something that is black and white, it does not have a set of rules, there is no book of formalities to go by, there is not just one way to do something.

The beauty of woodworking is that it is something that is deeply personal to each craftsman.

You have the say over how you will see out a project, you have the ability to turn down a job, you have the option to dedicate as much or as little time as you want to the craft. 

Along with that, your customers have the ability to request and dream up projects with you when you turn your woodworking craft or trade into a business.

If you are a skilled woodworker, your business will soar as you embrace your natural ability with the requests of your customers in your woodworking business.

The reality of woodworking as a business is one that is flexible, shapeable, and intrinsically personal.

You are able to tailor your skill to your exact needs, to the wants of those around you, and to the business that you plan to develop. 

This is what makes the craft so incredible.

You have the freedom to make it exactly as you want without having to ask anyone else if you are doing it right.

The ball is completely in your court and you are the only one scoring.

Even if there are other woodworkers in your area, nobody can create a piece exactly as you do, so your skills can always bolster the market.

With a woodworking business, you have the power to change your goals as you please, to invest in new methods, to change the course of your craft and ultimately, of your business.

Your business is built around the craft that you have invested in and grown.  

2. Woodworking is an Outlet to Express a Passion 

Many times, people are very hesitant to turn something they love into a business.

This is certainly understandable, as throttling something for money can quickly turn something that you once loved into something that you now hate.

There is nothing more defeating than hearing about people that have burnt out of what they once were passionate about but now have no desire to pursue. 

Turning your woodworking hobby into a business, though, can certainly be a bigger outlet to express what you love.

However, you have to approach it in a way that you are aware of what is at stake.

The important thing here is to really hone in on the products that you love to make and be particular with what you provide for your customers.

If you love creating oddly shaped shelves but cannot stand making side tables, stick with the shelves.  

Be picky with what you are going to put out there and pace yourself with how much you produce.

Start small and work your way up to larger amounts of inventory or orders.

This will help to keep you from burning out and also grounds you by keeping you working with what you love rather than being overwhelmed and strung out with a workload that is either too heavy or far from what your original passion looked like.  

You can even take your woodworking projects to social media and allow the local community (or national or international woodworking community) to help perpetuate your business.

This can be an incredible way to capture a niche audience and to provide you with the positive feedback (and orders) you need for your woodworking business.

3. Woodworking is What You Make It- Literally

The question, “Is woodworking a good business,” is a bit of a blanket question, really.

I say this because no woodworking business is exactly the same.

No woodworking business is going to produce exactly the same thing as the next, is going to have the same set of skills as the other, and certainly will not have the same experience. 

Woodworking businesses are colorful in that they are individualized depending on the owner.

However, if you have a solid business plan and offer a product or service that some (or many) need or want, it can be wildly successful. 

With this being the case, a woodworking business is going to be what you make of it.

There is no general good or bad connotation behind woodworking, however, it is always going to be a craft that is needed and wanted in some way or another.

When you consider this, needs and wants are the two biggest factors in sustaining a successful business.

Woodworking is not a fad. It is something that has been around for centuries and will be around for centuries to come.

Considering needs and wants, a woodworking business is whatever you choose to make of it.

If you see what your community (or online community) is in search of and create a business to meet those needs or wants, then you are in business.

Woodworking is not the type of business that pops up and fades away as quickly as it came, but is one with history, with deep roots, and with the ability to conform to changes in our modern world. 

If you choose to invest in a business that only makes cheese sets, but you see a need for it, you have the potential to be a great business.

If you make fine furniture in an area where people typically rely on IKEA, you may fall short. A woodworking business not only takes dedication and skill, but it also takes paying attention to what those around you want.

If you take heed to these things, a woodworking business could be just the fit for you. 

4. Woodworking can be Scaled to Your Market and Production Capabilities

On a more practical note, if you are looking to turn your woodworking dreams into a business, you want to think about how to practically make this happen.

The logistics of getting a business up and running can be tough.

But, if you already have the woodworking skills you need, then this can be a pretty advantageous business.

For starters, you will need supplies.

If you have a smaller market or are only able to produce a few woodworking pieces at a time, then you can simply buy what you need to get started.

This will help you to keep costs low as well as your productivity promises effective.

Next, as you begin to gain traction in your woodworking business, you can think about investing more into more upgraded woodworking tools, a larger woodworking shop, furthering your marketing strategies, or taking a few courses on woodworking skills you hope to refine.

You can even hire employees whom you trust if your business grows large enough (and you care to do this in the first place).

Either way, the point of all of this is that you can make it whatever you want- and whatever your customers demand.

If you have a niche woodworking scene and prefer to keep your business small, then you can enjoy it as a fun and profitable side gig.

But, if you want to really scale this up and have the market for it, then there is not much out there to stop you.

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