Woodworking is a hobby that can get very expensive, especially if you have lots of tools and supplies to get started. But if you’re willing to invest in tools that don’t have a great reputation (such as those sold by Amazon, which don’t have a “great reputation” as far as my experience is concerned), you could make a fortune.
How much money can I make from woodworking?
I’m not good at gauging that, but I know more than most that the lower the price the better. Here are some things to keep in mind:
If the wood is expensive, look for a vendor that will sell it at wholesale prices for less than MSSP (a percentage of retail price) (MSRP is the retail price that a consumer pays for a product at wholesale.)
If the wood is cheap, ask around and see what prices vendors have for the materials available to them. For example, you might find that a seller is offering a piece for less than half MSSP, and you can expect to pay a full MSSP for the entire piece.
If the wood is at a great value, you will need to sell it as well to raise the money for the tools. There are lots of ways to do this, including offering your work at a price that is lower than you sell it. If you find someone who is willing to sell you something that you would pay a vendor for, that’s a great way to get into the woodworking business.
Is making money from woodworking expensive/high time commitment for someone who is not a wood worker?
Most woodworkers, and even more experienced ones, cannot live without the physical labor, nor the mental/emotional labor, of making a finished piece of wood. These work at a high emotional cost, and the time commitment is sometimes high, but you can do any number of woodworking tasks in about 30 minutes a day or less.
There are lots of ways to make a living using only a woodworking machine from Ikea or some other source, and if you spend the time, you can make good money.
If you’ve heard that it can be hard to make a living with woodworking at home, I’m sorry to say that it isn’t true. In my experience, the hardest part for woodworkers is not the physical labor itself, but the mental/emotional labor of making one piece of wood into another. I also know of many woodworking apprentices that
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