Do you enjoy making things out of wood? Maybe you made a few things in shop class while in high school or maybe you enjoy building birdhouses, picnic tables, etc. If you enjoy woodworking, then why not be your own boss? Why not make a living out of woodworking? I want to share with you some tips on starting a woodworking business with little to no overhead. Wow, a business with little or no overhead and loving what I do! That’s right, your very own business at home, making money.
1) Business license, etc.
A business license is the first thing that you will need when starting any business. Depending on where you are planning to start your woodworking business at will depend on what kind of license, permits, etc, if any, that you will need. There is usually a small fee for these license, permits, etc. You may also want to hire an accountant to keep track of your books or you may choose to do this yourself. To insure that you have all the proper paperwork needed be sure and check with your local state offices. Starting a business at your home will require a lot less money and required permits, etc, to get started.
Advertising your woodworking business can be expensive, but lets talk about some less expensive, proven methods of advertising. Try handing out business cards or flyers to friends and family. You can also ask to put your business cards or flyers in local real estate offices, hardware stores, etc. Be creative and try to target the market that will most likely want to purchase your products. Always get your customers email address if possible, sending out email newsletters is a very inexpensive way of keeping in touch with your customers. If you decide to start your business somewhere other than your home then you will want to make sure you have good signage.
Tools are a must in the woodworking business, but the good thing is most of us already have a big part of what we need in our garage or shop. You will need power tools, such as a router, jig saw, sander, drill, miter saw, table saw, etc. Once your business takes off you may want to invest in a nail gun and compressor. You will also need some hand tools, such as tape measure, screw drivers, hammer, t-square, clamps, hand saw, etc. Once again, we are talking about starting a woodworking business on a budget, so if you don’t have all the tools needed to start your woodworking business then ask a neighbor, relative, or friend to borrow them. You may also want to consider renting some tools at first.
4) What to sell
When starting a woodworking business you may want to start out by selling smaller items that will require less materials. Some small items may include bird houses, kids toys, craft items, etc. When you start selling the smaller items in your woodworking business then you should consider moving on to the larger items. Larger items to sell in your woodworking business may be items like picnic tables, portable barns, Gazebos, play houses, etc. When your woodworking business begins to really take off and you are starting to build up capital, then maybe you will want to consider contracting woodworking jobs outside of your shop. Some contacted woodworking jobs may be decks, work sheds or barns, book shelves, furniture, etc. Investing in good woodworking plans is a must to being successful and not making costly mistakes. Below is a link that has been proven to be one of the best set of affordable plans on the market.
Good Luck in starting your new woodworking business on a budget. I hope that I have been helpful.
Source by Melissa Bristow