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Woodworking Business
Essential Tips
Presented By:
• 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
• However, if you have true passion for it, turning a hobby to a business is not really complicated.
Always Have The Right Tools For The Task At Hand
• 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.
Have The Appropriate Woodworking Plans Ready
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.
Business Plans Are Very Important, Too…
• 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.
• Review your data on your preferred schedule to see if your targeted goals are met.
How To Market To Your Target Customers?
• Two main types of marketing: traditional (offline) marketing and online marketing
• Traditional – newspapers, flyers, word of mouth
• Online – blog, social media, email, etc.
• 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.
Minimize Your Expenses For Maximum Return of
Investment
• 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
Thank You For Viewing This Presentation
For More Tips And Strategies On How To Earn Profits Of Up To
$150,000/Year In The Business Of Woodworking…
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