Are you thinking about becoming a woodworker, and starting your own business? This is a question that pops in most woodworker’s minds every now and then. A lot of people dream about being able to quit their jobs and become woodworkers for a living, but not everyone gets to realize this dream. Maybe you already make things out of wood and wonder how much money can you really make? So how much money can you make as a woodworker is the question?
How much money woodworkers make?
Many woodworkers project making $45,000 or more as a full-time career. However, as with most salaries, this number will vary greatly depending on the geographic region and your skill level.
The key to making good money as a woodworker is to have the right tools, the right knowledge, and be able to sell your products. You can’t just start out with nothing and expect to make a lot of money. You’ll need to either have the money to invest in tools, or you’ll need to know how to earn some extra cash until you have enough money for tools.
The truth is that if you are just starting out as a woodworker, you won’t make a lot of money at first. But it doesn’t mean that you can’t start earning some extra cash by selling things on eBay or Craigslist, or doing small woodworking jobs for your friends
It depends on many factors: your skill level, your market, and your ability to sell your products. It’s difficult to say exactly how much you can make as a woodworker, but I believe that if you are willing to work hard and be patient, you can make a decent amount of money.
Is It Profitable To Be a Woodworker?
Woodworking is definitely profitable. Furniture is the basic need of the people and every now and then they either need to renovate their homes with new furniture or need to buy new ones because of an increase in family members or after buying a new home. Obviously, in the city area, there will be more demand for it and your woodworking business can be more profitable over there.
However, if you are living in the outskirts and if there are not many competitors then your woodworking business can be more profitable. But anywhere in the world woodworking can pay off your bills for sure.
Career as a woodworker
If you want to start making money as a woodworker, the first thing you should do is identify your niche. What kind of things do you like to make? Is there a demand for those things in the market? If there is a demand for them, then try selling them. You can sell them online or at craft shows. Or you could also sell them to friends and family. The more you sell, the more money you’ll make.
The next thing you should do is to start learning how to work with wood. You need to learn how to use tools, how to make things, and how to fix things if they break. If you know what you are doing, people will be willing to pay money for what you make.
When I started making things out of wood, I didn’t really know what I was doing. I was just trying stuff out. Sometimes it worked, sometimes it didn’t. I kept making mistakes and learning from them, until one day I started making things that looked decent. Then people started asking me if I could make them something. I started out by making things for my wife and parents, then I started making things for my friends, and then for neighbors. I made many things that people didn’t like, but I also made some things that people really liked.
After a while, I had made so many things that it became hard to remember who had what. So I decided to start keeping track of it using spreadsheets. Then I started using spreadsheets to keep track of all my income and expenses. This made it easier to manage my business, since it was all organized in one place. I also started using templates for different projects, so that I didn’t have to reinvent the wheel every time. This allowed me to save a lot of time and focus on the important things.
After a while, my business started growing and I was able to buy more tools. I rented a garage space and started making things full-time. I got so busy that I had to hire some people to help me. That’s when I knew that my business was doing well.
To be honest, it wasn’t easy at first. You will need to work hard and be patient in order to make money as a woodworker. But if you work hard and follow my advice, you will eventually get there!
Is it hard to learn woodworking?
If you want to start making money as a woodworker, you will need to learn how to use tools. It’s not difficult, but it does take time and practice. I made a lot of mistakes in the beginning, but I learned from them and got better at using tools.
The best way to learn how to use tools is by watching YouTube videos. There are many good woodworking channels on YouTube that show people how to make things. They show you how to use different tools, how to do different techniques, and how to make things out of wood. You can watch these videos over and over again until you get it right.
I also recommend buying some books on woodworking, or taking some classes at your local community college. The more you practice, the better you will get at using tools. You can also try making things out of wood for your friends and family. If you make something nice, they might ask you if you could make them something too.
Is woodworking a good sidejob?
If you want to start making money as a woodworker, you can do it as a sidejob. You can make things out of wood and sell them on eBay or Craigslist. Or you could also sell them to friends and family. Another way to make money as a woodworker is by doing small jobs for your neighbors.
You can offer them your services and charge them a fee for your work. For example, if they need something built, they can give it to you and you can build it for them. Then you can charge them an hourly rate, or you can charge them a flat rate for the project.
You could also offer your services as a handyman or home repair specialist. If someone has damage in their house, they can give it to you and you can fix it for them. Or if they have a broken table, you can fix it for them.
The key to making money as a woodworker is to start small. If you are just starting out, then don’t try to build something big right away. Start with something simple, like a birdhouse or a wooden sign. Then you can move on to bigger projects. If you do this, people will see that you are good at what you do and they will be more willing to pay you for your services.
How Much Does it Cost to Start a Woodworking Business?
The cost of starting a woodworking business is not that high, but you will definitely need to invest in renting, buying space, and some tools to start with a business.
If you already own a place that can be dedicatedly used as a new workplace for your woodworking then you might not need to invest more.
In total, you will need to spend around $3500. Out of which $2000 you will need to buy some wood and $1500 you will need to buy all the other essential tools. We are listing down all the essential woodworking tools as per the following
- Power saws
- Hand saws
- Screw Gun
- Tape Measure
But there are many others that can give a complete professional touch to your woodwork. But definitely at the beginning, you will need the basic tools. As you earn more you can keep on updating your tools as per necessity. You don’t need to invest all your money at the beginning for no reason.
Is woodworking an expensive hobby?
Its not necessarily an expensive hobby but you may need to invest in some tool. The good thing is that the tools don’t cost a lot of money. You can get a decent table saw for around $200, and a decent drill press for around $100.
If you are just starting out, then you don’t need to buy expensive tools right away. Try using hand tools in the beginning, and then buy some power tools later on. You can use hand tools until you have saved enough money to buy power tools.
The problem with hand tools is that they are slow and hard to use. If you are just starting out, then I recommend that you stick with power tools until you
So you need to set a budget for yourself. You can start with a small budget, then add more money to your budget as you earn some money from your woodworking business.
What Is The Hourly Rate for Woodworking?
Any beginner-level skilled carpenter can earn not less than $15 per hour. And depending upon the skill set it can go much higher. The hourly wage of a skilled carpenter ranges between $15 to $22.
How much your hourly wage will be, depends upon the various factors. Like your education, experience, expertise in making particular items, additional skill set, and location.
What Wooden Items Sell Well?
If you are stepping into the woodworking industry and want to know which are the wooden items that sell well and are always in demand then here is the list for you. These are the most required household wooden things that sell well and you can earn a good amount of profit out of them.
- Jewelry Box
- Coat Racks
- Picture Frames
- Plant Boxes
- Wooden Utensils
- Fruit Bowls
- Wooden Furniture
- Wooden Vegetable Cutting Board.
- Storage Box
- Wine Rack
- Candle Holder
- Phone Docking Station
Woodworking is a good career option and one can go with it. You can pay off your bills with woodworking. The money you can make out of a woodworker career depends upon various factors like your years of experience, education, expertise in a particular area, your location, and many more. The average income range of a woodworker in USA ranges between $23,210 to $51,520. Woodworking is also a good career option to generate side hustle.