Tuesday, March 13, 2012

Quick Start Woodworking Business Guide

In this guide you will learn how to quickly start your own woodworking business. Because of the move towards artisan and handcrafted goods the market for wood products has been booming as of late. However many woodworkers are yet to fully capitalize on the sales opportunity that the internet presents. Woodworking can provide you with a comfortable side income or a good full time business depending on how big you want to grow your woodworking business.

The first thing you need to do when setting up is to decide what it is that you want to sell. There are a huge number of different wooden products that you can sell but some of the best opportunities right now exist in the eco market, products targeting retired consumers, the baby market, the garden market and kitchen goods.

One of the best ways to decide what you are going to sell is to take a look at what your competition is selling. You can find out this information by browsing through the online marketplaces etzy and eBay. This can provide you with a lot of useful information about what is selling well and what kinds of prices these products commands. Not only this but you can also gain useful information about the way a product should look and how to construct. When browsing also take a look at the size and the shipping costs for each sized product. Make a note of this information as it will be useful when listing your own product. It will also give you a good idea of how much to allow for shipping.

Once you have decided what you are going to construct you need to get your hands on some plans. There are a number of different places to look for plans but two of the best are your local library and the internet. When you obtain the plans for your product take a look at what materials and tools you will need to construct the product. Check these against the tools that you have in your home. If you do not have the requisite tools you will need to balance the potential profits against the costs involved in purchasing these products.

Next you will need somewhere to work. You don't need a lot of space but you will need some. A small garage, basement or shed is perfectly fine to get started in. As your operation grows you may find that you want to rent a designated space but when you are starting you should save your money to reinvest in the business. Your workspace should be well sheltered, well insulated and ventilated.

Once you have designed your first product, photograph it and write a short description. Make sure to include any unique features of the product in particular those that relate to the material used or the design. Once you have a photograph and description list your product on either Etzy or eBay. As you product sells you can produce more of the same item. Always have one or two of each item available for shipping but do not build out too much stock at first so that you don't need to store them and you will have less wastage.

Starting your own woodworking business does not need to be expensive or difficult. By producing your first products at home you will reduce your costs and potential risk. As your business grows you can expand your operation and take on other employees. The internet offers the best opportunities to reach a wide range of customers easily and inexpensively.

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