10 Tips for Starting Your Woodworking Business in 2022
10 Tips for Starting Your Woodworking Business in 2022
I want to share my top 10 tips that have helped me grow a woodworking business from the ground up. These woodworking tips and information are not guaranteed to work for you but I hope you get value out of this information and can apply it to your business. My goal is to help you grow your woodworking business and help you make money woodworking. Amazon and other affiliate links are used in this description to help support this channel.
*Videos To Watch Next*
Customer Says Your Price is Too High, You Say.. https://youtu.be/I0qJFCuy–M
How to Sell Woodworking on Etsy: https://youtu.be/LxoOD8s9e6s
EASY to follow Build PLANS: https://www.731woodworks.com/store
Shirt I’m Wearing: https://www.731woodworks.com/store/light-shines-bright-saw-blade-t-shirt
An amazing free gift for everyone: http://story4.us/731Woodworks
You can follow me on Amazon and see some of my favorite tools and supplies: www.amazon.com/shop/influencer-4e5e1fdd
Hawthorne Law: https://www.youtube.com/c/HawthornLaw/featured
0:00 Tips for Growing a Business
0:29 Have a Business Plan
1:29 Love What You Do
2:03 It Takes Time to Grow
2:42 Do You NEED That Tool?
3:05 Require a Deposit
3:46 Have an Income Source
4:18 LLC For Woodworking
5:28 How to Find Customers
9:09 Selling Woodwork Online
9:53 Don’t Be Lazy
10:47 Customers Wanting Lower Prices
Mr. Matt, I just recently found your channel. You sir are very informative and inspiring in both woodworking and spiritual. I love what you do, so thank you for your guidance. I’m looking to start a woodworking business. How do you determine your hourly rate or do you have a formal for determining your price per piece that you make. Thank you in advance.
This is very helpful, thank you so much for sharing💗
Hobby builder here that has been slowly building my tools and skills by custom builds throughout my own home. Ready to take the plunge into the hustle and your videos have been very helpful! Thank you for all the work you put in and knowledge you share.
Great vid brother . As I’m very close to diving into the business aspect.
Love you brother
Awesome Video Man. Just starting a wood turning business myself and there is a lot of good information in here. I actually got my first customer 2 days ago. Now i have to make first articles and revisit so we can set the quantities / costs of each and then I have to GET TO WORK! 🙂
Love the tee shirt message
Thanks for the advise. You gave me a lot to think about. I was planning on trying to sell my outdoor furniture at our local farmer’s markets.
Thank you!
Thanks for the inspiration, God bless
Talk to colleges and junior colleges. They have programs and organizations to help start a business. Right now it’s a great time to do this as there’s money available for this.
Great video Matt! Many woodworkers need to HEAR this type of advice. I grew a small Graphic Arts company to over $1M in sales by using these principals alone. The most important of your steps is "Ask For The Sale"!
I am watching your recent LIVE stream now and already lovin yall! Great people and super channel. I am excited to watch more.
Great info and Motivation Matt! finishing my first sofa table this weekend. I have been procrastinating on it, so I will finally be glad to get it done. It will be a gift to a Aunt In N.C. I will be all over your channel. Keep up the good work and great videos. John.
If you’re looking to start a “woodworking business,” just remember there’s a reason all of these guys are making YouTube their primary source of income, and not selling woodworking.
Because there are a bazillion people pocket-hole-building a bunch of “farm” furniture and throwing it on Facebook right now. These channels aren’t helping. I don’t condemn them for it- do what makes money.
As a mortgage lender, register you business asap. Your going to file your taxes for your new venture on a schedule C. You need two years tax returns to use your new income to qualify for loans. So if you are looking to purchase a new house with a better shop in the future, treat it like a business.
Is there a design software you recommend to help translate your ideas to paper so the customer can see?
Promo code is not working for some reason
Not really a good time right now. Lumber prices are ridiculous
You are an inspiration. I really enjoy your videos.
Quick question what payments did you take i.e. Venmo, PayPal?? FYI purchased the plans for the bar/standing desk.
Buy coffee pot for your shop. Stay off the phone.
You’ve been such an inspiration for me since I found your channel so thank you very much for your hard work. And I hope you continue to find greater and greater success.
Like the shirt, where can I get one?
nice shirt!
Love the video. I learned a lot. Thanks and keep up the good work. 👍
I work 4, ten hour days a week, giving me 3 day weekends, which allows me to, hopefully, start building a business. Thank you so much for the tips. God bless!
EASY to follow Build PLANS: https://www.731woodworks.com/store
Happy 5 Year Anniversary Matt.
(You said you started in Feb 2017😉)
Great video! I just found this video and your channel. It’s very informative and inspiring. I have wanted to have a woodworking business for many years and have tried a few times in various ways with no luck. It’s so hard to get people to pay what things are worth these days. But I am going to try again this year. I do a variety of small scale woodworking including scrollsawn names and decoration, carved signs, cutting boards and charcuterie boards, games, puzzles, carved spoons and hiking sticks, and custom work. I also have a goofy channel just sharing my life and trying to help people smile. Thank you sir for sharing! I will be watching more. Have a blessed day.🙂
All great advice! Thanks Matt!
Always chasing the dream, no matter what it is.
Building barrister bookcase now.
Best of luck.
Well I am trying to get started with my own business so let see how this works. I have been in love with this stuff since Norm and the new Yankee work shop. Trying to show a picture of my shop but it will not let me.
I’ve seen some stuff for sale on places like Facebook and have no idea how people are making any money. I’ll admit, I’ve sold some stuff too cheap, but I’ve seen some stuff out there that barely covers the cost of the lumber.
Hey Matt, great advice! And I love the shirt!
I mentioned you in my latest video https://youtu.be/pP7gNiWcpSs I hope that’s okay.
What if your wife tells you that woodworking is not a sustainable way of having an income!!?
The ending got me. I just put my phone on charge. 😂 Thank you, Matt!! 💪
Great video. As soon as I get a space for a workshop I’m going all in. My one stall garage is not enough right now
Where can I find that shirt you are wearing?
Great advice Matt, thanks so much
Thanks for this, Matt! A friend of mine sent me this video as I’ve been toying with getting into business. I’ve built stuff for friends and family for years so I’m fairly confident in my woodworking skills, but I know I’m pretty clueless about actually going into business. This has been a great help.
Such an inspiration! Got 15 orders my first two weeks thanks to you. Love the vids!
0:12 You borrowed and you never returned them. 🙁
Just subscribed pal
Thanks for the video and much love from the UK 👌
“Let people know that you’re the go to person for that type of project.” That’s the best advice for any business start up IMO.
Love watching your videos. Very good content. Just wondering if you’ll do a video on taking pallet wood and making it into something. Haven’t watched all your videos so I don’t know if you have done one of them are not yet. Keep up the great work
Due to being diagnosed with Distal Muscular Atrophy and losing my job due to COVID related issues I retired at 61 years of age. I am on a fixed income so I cannot afford to send you any “gifts” but I wanted to let you know how much I appreciated your YouTube videos! I have gone back to my roots and started building farmhouse furniture (I actually sold a quilt ladder and a craft table). I do all my work in a 12’x 12’ uninsulated shed. Keep up the good work.
Thanks for uploading new video i am your new subscriber🇵🇰
Love what you stand for my friend! I joined the crew BTW! Virtual fist bump, BAM!
Hola! 🖐 Thanks for this video and for your insight. You motivation and inspiration comes through as you speak it with passion! Please keep these videos coming. Take care and have a good one 😀 👊