Following up on our recent post about the (questionable) profitability of making pet coffins here’s one about 16 woodworking money makers from the woodworkers at WoodNet.
One very good point from meackerman that you will have to remember before quitting your day job: “I think its going to really depend on what your local market wants.” Or, as they put it over at Family Woodworking Forum: “It is very difficult to build a business trying to sell what you can make. Always much more fruitful to make what you can sell.”
Here’s the original question:
The question or responses I am looking for is what projects or products you are currently making or have in the past, seem to make the most money for you in regards to revenue (profit)coming into your pocket ? (tables and chairs, rockers, kitchen cabinets, bed room furniture, boxes, entertainment centers, and so on)
I went through and tallied up what folks said they were selling these days for good profit. Now, of course, good profit to me might be chicken scratch to you. In other words, your mileage may vary. I didn’t put these in any particular order:
16 Woodworking Money Makers:
milling molding for other shops
writing woodworking articles
Ashtrays for cigar smokers
small jewelry boxes
rockers with a cushion built in the bottom rather than hardwood
tacky holiday yard “art”
one and two-man boats
Entertainment centers and bars
bean toss game sets
I highly advise that you go and read the entire money making post at WoodNet. It helps to read the context of these comments and read some of the realities of making money in woodworking.
To further your woodworking business acumen here are a few resources I pulled from the ever-awesome Woodweb.
Making decent money
Advice on making a living in the business of contemporary craft woodwork.
Bidding a Commercial Cabinet Job
Residential cabinetmaker gets advice on pricing a commercial unit.