Do This to Make $2,000/Day with a Woodworking Business!
Do This to Make $2,000/Day with a Woodworking Business!
Angel City Woodshop has grown to an average revenue of $60,000 a month making custom woodworking projects at their workshop in downtown Los Angeles. We’ll learn how founder Paul Moorhead built such a profitable woodworking business in this episode.
This video has been sponsored by Tailor Brands. Get your LLC with Tailor Brands: https://tailorbrands.go2cloud.org/SH8w
For a limited time, you can also get 20% off Tailor Brands plans using the code upflip20 https://tailorbrands.go2cloud.org/SH96
Paul didn’t set out to make furniture. Like many, he moved to Los Angeles to pursue a career in the entertainment industry. He’d always been drawn to working with his hands, and he soon found a new way to be creative: making furniture. After starting off with woodworking projects for friends and family, he established his shop and hasn’t looked back.
Of course, starting a business is never easy. Paul lived in his wood working studio for two years while he built his business, sometimes working all-nighters and 100-hour weeks to finish projects. We’ll find out how Paul kept himself going through those busy times and how that effort has paid off in the form of revenue growth and success.
Today, Paul has a team of craftsmen in his shop, and they take on projects that don’t just require artistic vision but also engineering, 3D modeling, and other advanced skills. We’ll find out how Paul built and trained his team to ensure consistent quality across his woodworking projects. He’ll also share the systems and tools they use to design and build the unique custom furniture their customers come to them for.
If you’re looking for more advice about how to start a woodworking shop, check out our past interviews:
How Blacktail Studio Rakes in $15K/Month Doing This! ►
How to Start a $30K/Month Woodworking Business ►
Resources
https://www.angelcitywoodshop.com/ – Learn more about Angel City Woodshop on their website
https://www.upflip.com/podcast – Hear more interviews with business owners on the UpFlip podcast
https://www.upflip.com/blog/how-to-start-a-woodworking-business – Step-by-step guide on starting a woodworking business
Timestamps:
00:00 – START
00:38 – Intro to Paul and Angel City Woodshop
01:13 – Story behind the shop
02:03 – Cost to start
04:02 – #1 factor in his success
05:22 – Skills you need to succeed
06:37 – Low points as a business owner
08:41 – How to attract customers with little marketing
09:56 – Hardest part of starting a woodshop
11:20 – Tailor Brands Sponsor
12:36 – Attracting early customers
13:54 – Profitability and consistency of revenue
14:51 – Online presence
15:56 – Tools and equipment
17:08 – Workflow management systems and tools
18:46 – Fan blitz
20:42 – Commercial vs. residential
22:14 – Walkthrough of key equipment
24:19 – Day-to-day as an owner
26:02 – Hiring and training team members
26:58 – Profit margins and costs per project
28:01 – Good month vs. bad month
28:52 – What to look for in employees
29:57 – Deciding what wood to use
31:21 – How to delegate tasks
32:19 – Why woodshops fail
#woodworking #woodworkingprojects #woodworkingbusiness
If your revenue is $2k a day, but your expenses are $1500 a day, you’re not making $2k a day. Sounds like there’s huge overhead here. 😊
Incredible interview! Also, as a woodworker, this information is so valuable.Thanks for doing this interview and for sharing! Paul sounds like an awesome guy who has certainly put the work in!
What a brilliant interview! As a small business woodworker, I thoroughly enjoyed this!
Howto go bankrupt and lose everything in 3 months
I have that industrial table saw. It doesn’t cut hot dogs for shit
Wait a minute…. are you saying $60k revenue, margin or profit? You said 15-20% margin and $10k in rent. There’s nothing left if you’re saying $60k revenue.
So.. the key thing is to be in LA where it’s easy to make money?
Piękny film, piękna historia. Na polskim YT obejrzałem chyba już wszystko o drewnie i nic mnie nie zaskakuje. Czas odkrywać Amerykę ponownie 🙂 jesteście na wysokim poziomie. Pozdrawiam
Nice 1 dude..hoping to get to 60k
I like the interview and you did seem to ask all the right questions but when I’m left with is the question I got from looking at the thumbnail and title: what do I have to do to earn $2k a day? I was expecting to see a specific woodworking product/service he sells a lot but what I guess what you meant was that you have to be passionate about woodworking, put in the hours and get the right clients (I know I’m leaving out more stuff then the above)
Fantastic interview! I really enjoy these videos. I set the goal to have my business an LLC by the end of the 3rd quarter
So good, what a mix of craftsman and businessman combined.
Just Paul worked for culinary in France. Go for it!
Great interview, very informative
So he doesn’t turn that piece of wood on his shoulder into 60k a month. Uflip you lied
Great video! Very inspiring.
This is the cold hard fact be willing to lose money and don’t get into it if your not passionate …facts are there is no way around it get ready to lose money; that’s why you must love what you’re getting into !!!
60k a month minus 13,500 monthly in lease fees for that shop.
Want to start this business? Must be rich already 😂
Awesome video!!! Great interview. Thanks for sharing all this valuable info to help myself and others grow as woodworkers.
Wao hebat cara pertukangnya canggih
An enjoyable watch. Great practical advice. They clearly have some great talent there. Nice shop.
Just get yourself a nice Costco-sized warehouse, fill it with tools and wood 🪵, and you’re off to the races
dude it sound like u haven’t got a clue ..typical utube wannabe….
Would love to be in a shop working with guys like you. Looks awesome.
5000 air conpresser…lol 55 thousand panal saw ..u got fked…u just paid that saw way over price u could of got the same type saw in China for 5000 grand apart for the useless computer
lmao 3k for a cabinet. Good for him
I’d say this is bullshit.
Awesome interview, great questions, thank you
When he bought the machines, I hope it was under Trumps tax cuts. Business owners were able to buy new machines and claim 100 percent of deduction the first year, not spread out over ten years.
Get your LLC with Tailor Brands: https://tailorbrands.go2cloud.org/SH8w
For a limited time, you can also get 20% off Tailor Brands plans using the code upflip20 https://tailorbrands.go2cloud.org/SH96
*Discount not valid on LLC
Nice video but many vids like this on how to start tbis type of thing are rare. It’s part luck too. Very few people are gonna nake 60k a month doing this so videos of look at where I am and what I am making are frustrating. You have to be really really good at what you do and really good at being a salesmen as well. Your every day person is not doing this. It’s like saying start small amd grow and eventually you’ll be a video game designer. Just follow these steps. Certain people are meant to do this kind of thing
Let me call up my investor
This is one of the best business-model videos I’ve seen.
It’s a bit of click bait saying 60k a month then it’s really only 15-20% of that in profit which is honestly fuck all.
You never ask them how they calculate their profit? Like is that 15-20% net margin after overhead, etc.?
What is the scraper being used to remove the glue nibs? I want it!
New sub from Nova Scotia. What can I say…IMPRESSIVE! Extremely informative, nicely structured flow, great quality video, etc. However, what struck me most was the forthright honesty in both the questions, and the answers. All the success in the world to both of you.
Hell, in CA, you almost NEED to make $60K/mo. just so you can pay the rent on the building!
Please use a guard on table saw !
As a woodworker with a full shop and profitable business, I would add a couple things. (1) know your numbers! Just like Shark Tank, you have to know your numbers. Time yourself and how long it truly takes to make product A, product B, etc. Time the whole process from selecting/receiving the wood or materials, to the time it takes to package and ship. (2) I like what he says about only making purchases that you need…I would fine tune that to say go cheap at first on things to MAKE the product, go big on advertising/marketing, that will actually get you the sales. There is nothing worse than having $220k of machines and tools and materials, and not enough steady orders to actually pay yourself or the rent.
How do you get in contact with successful business owners and speak with them
Great video! I found it very informative and genuine.
I’m a Woodworker as well and like others in this post, I am gradually moving towards this being my full-time job. This is one of the few great videos of its kind. Would have liked to hear more about his pricing but still a great vid. Thanks!
2K a day, x 365 dyas in a year = $730,000 in a year. What the hell are you doing on YOUTUBE?
It is a great business for Covid -19 years- limited contact with others.
The problem with skilled trade work, is that people wont buy the things we make for the price we value them, they rather buy a cheap alternative that is ready now. I was a leatherworker and woodworker for 15 yrs as side hobby money. The amount of time and money it takes to make a custom work of art is not worth the low amount you earn by doing so. Low volume market can not pay the bills. Increase production, you lose quality. Ect..ect..
what brand is that glue scraper?
Hoping to have a business like this in the future. Would be really awesome
What a great video I learned so much this is going to give me a head start Thanks a million