Woodworking is a craft that needs a different set of mindset and skills to turn it into a profitable business. But as long as you have the passion and dedication, you can earn huge profits with it. Here are essential tips to having a profitable woodworking business at home. Use woodworking plans for the best selling projects Plans will help you in your efficiency by building more woodworking projects faster. It will also help you minimize your expenses by not buying the unnecessary tools and materials. Formulate your business plan A well written business plan will help you achieve your short term and long term goals in your woodworking business. It also helps you when and where to acquire your business loan and spend the right amount of investment. Market to your target customers Know your right audience for your specific wooden projects. This will help you what type of marketing strategy you will use for your target customers. Find out their whereabouts both on the internet and in physical locations. Watch out for your expenses In the woodworking business, it is not all about making huge profits. You should monitor your expenses too. This includes manual labor, overhead costs, cost of materials, and advertising costs. Minimize the expenses that do not really help you in profits for long term.

1. Woodworking
Business
Essential Tips
Presented By:

2. • Woodworking is both an art and a
craft.
• There are many woodworkers out
there, but most of them are just
doing woodworking as a hobby
• Turning a hobby into a business
needs a different set of education,
skills and practices

3. • However, if you have true passion
for it, turning a hobby to a business
is not really complicated.

4. Always Have The Right Tools
For The Task At Hand

5. • The right kind of tools will depend
on the scale of your business.
• If you are just starting out, simple
hand tools would be adequate.
• For larger mass production, you
would need to acquire heavy
machinery.

6. Have The Appropriate
Woodworking Plans Ready

7. Importance of Woodworking Plans
• Dictates how large your working
space should be.
• Increases your speed of production
of products.
• They give ideas on the right
materials to buy and the right tools
to use.

8. Business Plans Are Very
Important, Too…

9. • A great business plan is like a
roadmap that will help you achieve
your goals.
• Consists mainly of the income
statement, cash flow analysis and
current balance data.
• Helps you when, where and how to
acquire a business loan.

10. • Review your data on your preferred
schedule to see if your targeted
goals are met.

11. How To Market To Your Target
Customers?

12. • Two main types of marketing:
traditional (offline) marketing and
online marketing
• Traditional – newspapers, flyers,
word of mouth
• Online – blog, social media, email,
etc.

13. • Both types of marketing would
need some effort on your part to
be effective.
• However, outsourcing this to
reliable experts will help you save
time.

14. Minimize Your Expenses For
Maximum Return of Investment

15. • Expenses you should monitor in
your woodworking business:
– Cost of materials
– Overhead costs (rent, insurance,
electricity)
– Labor (either your own labor or
people you hire)
– Advertising

16. Thank You For Viewing
This Presentation 

17. For More Tips And Strategies On How
To Earn Profits Of Up To
$150,000/Year In The Business Of
Woodworking…

18. Grab a copy of the FREE report:
“Top Secrets Of A Profitable
Woodworking Business”
Download this presentation then
click on the link below to
access:
=> Download The Report Here