Why You're NOT Making Money Woodworking | 7 Business Tips

Why You're NOT Making Money Woodworking | 7 Business Tips

These 7 strategies will help you grow your woodworking business and take it to the next level. Find out what mistakes are costing you and how to fix them. These tips are something I wish I would have known early on. These steps are easy to follow and learn. Ryan goes over practical woodworking knowledge from industry professionals and personal experience. I hope you are better off as a woodworking business after this video!

My Favorite CNC Router Bit – https://amzn.to/3cFhFt7

My Favorite Wood Filler / Crack Repair – https://www.starbond.com/?rfsn=5289265.e7c52e5

#1 Not Focusing On A Niche – 1:00

#2 Death by Choices – 3:54

#3 Not Understanding Your Market – 7:27

#4 Not Writing Plans – 9:13

#5 Making What You Think is Cool – 11:01

#6 Focusing on the Wrong Details – 12:17

#7 Saying Yes to Everyone – 15:05

About Cuttin It Close:

Founded in 2020 Cuttin It Close is the educational platform of Drapela Works we look to provide value and insight on various wood related projects and techniques. Through training videos, CNC router techniques, unique projects, and practical applications, we hope to share our knowledge in the woodworking field and CNC routering.

Follow Cuttin It Close/Drapela Works on Social Media:

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  1. Billy Jay on October 18, 2022 at 3:04 am

    This is good information and what you are saying is true this has helped me a lot nice one

  2. Denny Grant on October 18, 2022 at 3:05 am

    Good Chanel finally some one on you tube with a real machine, not a joy. I am also own a contract cnc company, its a hustle for sure. Looking at your page do you just make cutting board, and a few other gadgets. Are you a youtuber or a cnc company?

  3. Circle Lab on October 18, 2022 at 3:06 am

    Thank you for this man ! Great tips !

  4. Cyclic 269 on October 18, 2022 at 3:09 am

    "Nitching Down"???? The word NICHE is pronounced NEESH and it’s French!! Good Grief…

  5. Trehan's Treasures Studio on October 18, 2022 at 3:10 am

    You are talking about woodworking but these rules are easily applicable to so many industries. Thank you so much for speaking about your experiences so clearly and presenting your helpful and much needed ideas. You’re brilliant!🙂

  6. Lin Postel on October 18, 2022 at 3:10 am

    *I am a beginner to woodwork, the main test I have with this bundle **Allmy.Tips** is that I think that its hard to settle on a choice of the plan and outline to use as there are a large portion of them there. Nonetheless, I like the simple stride to step directions laid out there.*

  7. James Lee on October 18, 2022 at 3:14 am

    hes from fucking Cali no wonder he does not know what the fuck hes talking about

  8. Craig Colbourn on October 18, 2022 at 3:14 am

    Great video and advice man! Really appreciate it. I’m subscribing😉

  9. CompuMayoreo on October 18, 2022 at 3:15 am

    You are my Hero! 😎

  10. fakecubed on October 18, 2022 at 3:17 am

    I don’t say no, I just quote a price that makes them say no. Then, sometimes, they say yes, and I make a boatload of money.

  11. Joe on October 18, 2022 at 3:17 am

    You nailed it

  12. John Smith on October 18, 2022 at 3:21 am

    Niche, it is pronounced Neesh.

  13. Caleb James Maker on October 18, 2022 at 3:22 am

    I’ve been self employed since 2003 and I can say that you hit a lot of the key points right on the head. Great topic.

  14. Meatball Magoo on October 18, 2022 at 3:25 am

    Good luck

  15. jakewwwjake on October 18, 2022 at 3:26 am

    All good advice. Just wanted to say that the way you communicated it was a near 10/10. Video was just the right length. You spoke clearly. There was no fluff. Just enough info to get across your point.

    I would love to hear some more of your strategies and how to properly serve a niche market!

  16. Mayday's Custom Woodworks on October 18, 2022 at 3:27 am

    Hey man. I’m currently running a successful cabinet shop and I’m a custom woodworker myself.

    To your first point of a niche… Actually there’s nothing wrong with doing weird and disconnected woodworking project, as long as you bill them appropriately and you don’t want employees. You absolutely need a niche if you have employees… Because it takes too much work to train employees in a wide range.

    But I personally have made a bunch of money with weird projects when I didn’t have employees… For example- I got hired to rebuild a 1931 Chevy Woody car with a Hercules body style… To my knowledge it’s the last one that exists. How the heck do I price it? Lol. I just told the customer "it will be $100 an hour, and I am not sure how long it will take… Maybe a month of time?" So my estimate is $20k-$30k.

    There’s nothing wrong with that if you charge appropriately. The problem is when you start to try get competitive pricing as a one man shop custom woodworker… As a custom woodworker, your prices are simply going to be high and it is difficult to find those customers. But if you can… Then more power to you.

    Generally I agree with you that most people should really zero in on a niche. And I agree with your other points.

  17. Alex Bordo on October 18, 2022 at 3:28 am

    Great points.

  18. Tim Orum on October 18, 2022 at 3:29 am

    Couldn’t disagree more with your first point. I have about 30-40 products they all ebb and flow. It not hard to be good a few things.

  19. Yudi89 on October 18, 2022 at 3:29 am

    This video was spot on! Appreciate the info 👌🏽

  20. Larry W Medford on October 18, 2022 at 3:30 am

    In sales, #2 is called PARALASYS BY ANALYSIS. If the client has too many options, they are unable to decide, so they decide not to choose at all.

  21. crappie master 1958 on October 18, 2022 at 3:31 am

    You’re not making sense, you’re just talking. You say make a niche, but then contradict yourself.

  22. Joe Balch on October 18, 2022 at 3:32 am

    First video I’ve watched of yours but definitely helped if I can personally stick to it, that’s on me though. Appreciate the insight. Got my subscription.
    I’m in the process of selling the same table I’ve made a base for now 3 times, and spent a lot of time looking back at those builds trying to figure out exactly how I built it previously

  23. shamba kanguya on October 18, 2022 at 3:33 am

    Needed to hear this so bad. WOW!!..

  24. Faron Mastin on October 18, 2022 at 3:34 am

    Great video it made a lot of since.

  25. Michael Cox on October 18, 2022 at 3:34 am

    Great advice, thank you.

  26. Gerardo Lira on October 18, 2022 at 3:34 am

    I have no clue of your age but you young man have wisdom beyond your years. Thank you for sharing this.

  27. Jim Todd on October 18, 2022 at 3:35 am

    omg. this guy is half my age and nailing it. ugh.

  28. Steven D on October 18, 2022 at 3:38 am

    Excellent advice, well said!

  29. Manuel on October 18, 2022 at 3:39 am

    The custom world is tricky but it’s fun to have the challenge you just gotta charge a lot.

  30. Meatball Magoo on October 18, 2022 at 3:40 am

    Do a video on how I made a million dollar making custom cutting boards. 😆🤣😂

  31. Red Ridge Millwork on October 18, 2022 at 3:41 am

    I gotta hand it to you… impressive insights here. If you figured all this out on your own then special props to you. If you listened to others and gleaned this wisdom – Way To Go. While there are successful hybrid models where you niche and do custom like do and love it… by far the best advice is to cater to a specific niche. It’s what I always recommend to young bucks getting into the field. Maybe not right away, as some varied experience will help you tremendously but definitely have it as a near term goal.
    Good stuff dude.

  32. Jay Btre on October 18, 2022 at 3:41 am

    Great Informative Video, blessing to hear another pro emphasize the factors of this business

  33. Richard McKrell on October 18, 2022 at 3:42 am

    It must be hell going bald so young.

  34. Paul Orlando on October 18, 2022 at 3:42 am

    I agree,but saying No is kinda hard,lol.Very good points though.

  35. David Blakesley on October 18, 2022 at 3:42 am

    Ryan, I get where you’re coming from and I can see that you’re going to be a great success at what you’re doing. And I also agree with a lot of what you’re saying as far as ways to stay out of trouble when it comes to understanding how best to serve your customer base. I’ve looked at your website and I see the kinds of products that you and your team are turning out and they’re in line with the advice that you’re providing. A lot of woodworkers dream of owning their own shop, upskilling their talents, finding a customer base and having a long term, diverse woodworking career. They and I believe that there’s a bespoke quality to woodworking. When you remove that quality, you’re drifting away from doing woodworking. You’re going to be a success at making money. Woodworking is a craft. Programming a computer is a technological function and not a craft. Where I sit is that you’re making money out modeling with wood and not woodworking. You’re also not just using wood. I’m not saying there’s anything wrong with what you’re doing or your advice. I’m just saying that it’s not woodworking. I also thought your prices were about 15% too low.

  36. David Jones on October 18, 2022 at 3:45 am

    Yes, the power of no!

  37. Dan Peterson on October 18, 2022 at 3:45 am

    You are amazing. Love what you have to say. God bless you. Keep up the great work and thank you.

  38. willy friesen on October 18, 2022 at 3:46 am

    Thankyou for these tips

  39. R Bird on October 18, 2022 at 3:46 am


  40. Hamid A on October 18, 2022 at 3:48 am

    You look completely fine without moving your hands that much, also you can relax your eyes too

  41. James Lee on October 18, 2022 at 3:49 am

    learn how to talk and breathe that should be your niche lol

  42. Building 'N Fixing on October 18, 2022 at 3:49 am

    These are very helpful, thank you for sharing your knowledge

  43. Arthur van der Velde on October 18, 2022 at 3:50 am

    Your point #5 in particular bit me in the arse recently. I am an old guy who should know better. I am a late arrival in woodworking, being a retired engineer. I spent some considerable time and material in design, jigs and samples. to make something which I thought was the bee’s knees, but found that I could not sell. Retailers turned my offer down without even asking my price. Instead of equipping myself for production, I would have been wiser to make a small number in a simple way to first test the market. Thank you, good advice.

  44. Igor Reshetov on October 18, 2022 at 3:52 am

    Thank you , lots of good advice !

  45. pellabandgeek on October 18, 2022 at 3:52 am

    1. Not focusing on a niche 0:58
    2. Death By Choices 3:55
    3. Not Understanding Your Market 7:26
    4. Not Writing Down Previous Project Plans or Methods 9:14
    5. Making What You Want, Not What the Customer Wants 11:04
    6. Focusing on the Wrong Details 12:18
    7. Saying Yes to Everyone 15:04

  46. Eric Nelson on October 18, 2022 at 3:54 am

    This is good advice

  47. Paul Orlando on October 18, 2022 at 3:55 am

    You would think the more products you make would appeal to different people, but not necessarily so.

  48. Jason J on October 18, 2022 at 3:56 am

    I’m in South Texas also (New Braunfels). My position was phased out at my work. As a result, I’m taking the plunge to go full time woodworking while I have some cash reserve for a few months. I’d love to pick your brain on some hurdles I’m working to overcome and get rolling. I’ve been focusing on custom poker tables under the name Judge Customs. Especially when it comes to marketing and shipping.

  49. Orville Hedge on October 18, 2022 at 3:59 am

    From Jamaica Kingston I am also a manufacturer i would like to give you order

  50. Lem Hanback on October 18, 2022 at 3:59 am

    Yeah this was very informative, I was probably going to end up frustrated because I wanted to do too many different types projects. Think I’m going to shrink it to two small products that don’t take long to make and go from there. The other things can be my hobby once business is booming. Thank you.