Either by selling your hobby pieces, working for some else, or by starting you own professional shop you've probably thought about making money through your woodworking. Appropriately pricing and marketing your work is key to accomplishing it profitably.
A Career in Woodworking
There are a number of option for making money in woodworking. Working in the industry is an obvious way, but may or may not be exactly what you are looking for.
Earning Money From a Woodworking Hobby
Making money from you hobby always sounds good, but you have to know how to do it. Showing that you can make money from you hobby is also a good way to show if you have the potential of making enough to turn it into a part-time or full-time business.
Growing Your Woodworking Business
Growing your woodworking business is important to keep it from dying. Generally gaining customers is the most important factor in the long-term success of a business.
Making Money and Using the Internet
Making money from your pieces can come from a variety of traditional and non-traditional sources. Using the internet to expand into new markets can be a very important source.
Making Money for the Woodworker Hobbyist
There are three broad groups making money from woodworking, full-time woodworker, part-time woodworkers, and hobbyist. Obviously, full-time woodworkers are deriving most or all they’re income from woodworking, and part-timers are deriving some income from their woodwork. But the average hobbyist derives little or no income, it is a hobby.
Pricing and Cash Control
Correct pricing and tracking of cost is one of the most important issue in running a business, and is especially import for a new business to get correct. Knowing cost is also important to be able to knew that any project given to a contractor or sub-contractor is being priced accurately.
Selling your Woodwork Pieces
Selling your pieces includes picking the correct markets, pricing your piece correctly, and knowing the correct sales channels. It important to know if you are trying to run a viable business, or just trying to move your pieces.
Starting a New Woodworking Business
The decision of starting a woodworking business includes picking a market, determining how to make sales, and decide what equipment needs to be upgraded. As a hobby you can make what you want, but as a professional you need make what can be profitable sold.
Entering the Woodworking Market
Do you really want to get into a woodworking business? Spending more time in you hobby, and getting paid to do it sounds good. But, it often requires giving up all the parts of woodworking that you enjoy.
Introduction to the Woodworking Industry
The woodworking industry is in a state of flux, both long-term and short-term. The current economy is difficult, but also has it opportunities for those with the right talents. In the long-term new tools and equipment challenge the craftsmanship of handmade pieces.
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