Start a Woodworking Business from Nothing (Simple Strategy)
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- čas přidán 8. 06. 2024
- If I had to start from 0, this is what I would do to grow a woodworking business.
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#woodworking #woodworkingbusiness #woodworkingtips
0:00 Woodworking Projects that Sell
0:20 Tools to Start Woodworking
2:01 Have a Plan for Your Business
2:49 Setting Business Goals
4:36 What Do You Build to Sell?
6:00 Be Patient with Your business
6:52 Don't Buy Expensive Tools
8:00 Don't Trust the Customer
9:20 Be Risky Cautious
10:36 Do you Need an LLC?
12:46 Where Do You Sell Woodworking Projects
15:00 Find the First Customer
16:06 Selling Woodworking Projects Online
16:45 How to Jumpstart an Etsy Store
18:00 Myths about Having a Business Website
18:38 Get Help Growing a Woodworking Business
20:10 Chase Your Dreams!
20:45 Hard Work Pays Off - Jak na to + styl
Sawdust Startups Woodworking Community and Business Building Course - sawduststartups.com
The Woodworker's Chronicle - faithvalleytools.com/products/the-woodworker-s-chronicle
Fantastic channel. So sad to see the pushing of your gods though. Nothing to do with woodwork!…. Truly, America, you are embarrassing yourselves at this point. We know you don’t understand why 😢
I'm an auto mechanic that loves woodworking lol my shop looks strange to most ppl. You can fix a car or build furniture in the same place 🤷🏾♂️🤣
So I'm running a trim carpentry/painting business while living out of my car. I'm lucky to have a friend who let's me store my tools in his basement but it's a struggle. Just grinding hard and doing what I can to get ahead.
I really appreciate the encouragement, I have at least two businesses that I'm interested in starting and every time someone says just start, I feel motivated.
I started with nothing, and I still have most of it
#6 really is important. When I was a plumber, I would get big jobs that would require large parts purchases prior to beginning the project and more than once I had a commercial customer attempt to stiff the company on the bill. We finally just made it policy that any job over $800 required a 50% down payment for materials at the time of scheduling and it pretty much stopped all the shady customers.
Awesome job Matt. Having a supportive spouse is key when you're a person with a family
I have tools for days but I am missing that one key ingredient... 🤔
Matt, your encouragement for people to write down their goals is outstanding. I found long ago that when I write things I want to accomplish, they happen, and if I don’t they never seem to not get done. It took me a long time to realize this, and now at 77, it still works.
you missed one important item, insurance in case someone gets hurt involving your products, people are crazy about suing a business
FIRST
That's how you get sued, having insurance then there is something to get. No lawyer going after someone with no money
@@Hunterworkstrue. A woman said "you've got insurance" when pressuring me to replace her carpet that she tried to claim I ruined after cleaning all her dogs' piss out of.
@@Hunterworks
If you have a proper LLC or have your home/personal assets legally protected behind a trust, then perhaps you have a point. But you don’t understand risk.
Because if you own property or a home or anything your assets are attractive.
Nevertheless, a lawsuit that compels you to pay $500/month for eternity and beyond is gonna suck. Basic appropriate liability insurance pretty much guarantees that you will not be exposed to risk because the insurance companies can afford to “fight back” and limit the subsequent liability.
Your logic is broken.
It’s called use common sense
Yesterday, I watched your Wen drill press review from 4 years ago. Looking around your shop, I was really appreciative of how far you've come. Blessings!
Rock on!
Your story is awesome Mighty Matt. Thank you for all the content.
Sawdust start ups is well worth it. I signed up not long ago and have learned a lot in a short amount of time. Highly recommended if you are on the fence to try it out!
Are you from New Zealand? I am in NZ and statrting a similar venture.
You are amazing and helpful Matt! Thanks for investing in the future of your viewers!
I have about 3 years and sevens to go until I retire. I've been buying wood slabs and tools and all that's needed for some woodworking projects. I've been doing plenty of research on various projects. Im excited to find this video. Im believing God that by the time I retire, i can do woodworking as a nice hobby and make a little money from it!!!
Thanks for mentioning the Jay's Custom chairs. This is exactly what I was looking for!
Amazing video and guidance. I'm an early stage entrepreneur starting a tech company, but also looking at a potential woodworking side hustle. Your guidance not only applies for a woodworking startup, but across the board any startup. This video gave me a lot of knowledge and inspiration. Thank you for sharing!
Thanks Man!!
This is Exactly the kind of advice I've been looking for.
Im Re-Building my woodworking business. Randy's Creative Woodworking has been off the map for too long.
Im going to follow your advice, and get into your sawdust community. Thanks again!!
Looking forward to your other videos.
Randy
Thanks for all your content, Matt, and for the new stuff helping new woodworkers, like me, to get started.
My new metal building/workshop is built, but I'm still waiting for electrical and spray foam. In the meantime, I'm starting to work on less time-consuming stuff like cutting boards in my spare time until I can move into my shop. I am anxiously waiting to get started woodworking to offset that expense (although debt free with it) while having fun with my "new" hobby!
You should discuss growing a business without debt. Cash flow problems cause more business failures than about anything else.
This is where i come for all things woodworking.i have 2 or 3 others i watch as well,but this is the channel right here!!!!!
great video and tips. I only discovered your channel recently this year, but every video I've watched has been so helpful and informative. Especially for somebody like me who is just starting out getting into woodworking. :)
I started my first of many businesses over 50 years ago, you are 100% spot on, your advice is valid for any type of small business, both for products and service
Great advice!
Thank you for all your videos and help! Your impact on the community is more than you know!
I appreciate that!
So many questions have been answered in one video! Yet, more remain. Thank you!
Matt you inspire me a whole lot. I just finished building my custom router table. I have more shop furniture to build. Then clean out garage and launch out. Thanks fie all you do. You content is sumply Awesome and on point. I will later be looking into your Master class.
I absolutely love your including of the Story.
Love your videos Matt! It's really inspirational to learn how you've put your God-given talents to such good use.
Looking forward to all future videos here, keep up the amazing work!
Awesome video. This applies to basically any maker / fabrication business.
Great advice for any business. Great work.
I found your Woodworks 731 a few months ago and love your tutorials. I retired in Dec. and love woodworking. I built your Farmhouse Breadboard coffee table for my son & daughter-in-law as a wedding gift. They loved it. I am currently building your computer desk with the trap door. I also like your tool workshops. I just got a request to build an Altar table for our church from our pastor. That will be a challenge for sure. Thank you for sharing your talents. Keep them coming. God Bless you my friend.
Thank you, Matt!
Great advice Matt!! I have about 4 years left before I can retire from my LEO career. I've been slowly collecting tools to hopefully start a part-time woodworking income and transition to a full time job after I retire. Glad the Lord has blessed you with doing what you love.
All great advice, Matt. Appreciate your wisdom and enthusiasm.
Glad it was helpful!
A lot of great tips here . Thanks Matt.
Happy to help!
Great video Matt and amazing tips Thanks for sharing.
Glad you enjoyed it!
it is very good information, im living in cancun mexico and i was thinking to much in start my own bussines but now i just decide to do it. thank you very much
Matt, I've been following you for a couple of years now. The twists and turns of life have prevented me from diving into my woodworking business full steam; however, I truly appreciate the positive messaging that you (and other CZcamsrs) send out encouraging myself and others to follow a dream and/or passion. When I first received the message to join Sawdust Startups, I didn't hesitate. This community will be so helpful to me and all of us sawdust seekers. Thank you and all those involved in starting this up. Also, I was very pleased and honored that my name was center screen in the segment on Sawdust Startups!!! That was awesome! Thanks again. To anyone else reading this post with even the slightest thought of creating, join Sawdust Startups.
You’ve done well sir. The good lord is blessing you and leading you. I told my kids who are all grown about how some people gifted to you what you’d need. By instilling in them to help is awesome. Glory be to God and god bless you and your family. Keep up the good work.
Fantastic video - experience and knowledge shared. I'm very grateful. Thank you.
Ive built numerous outdoor pieces and i wish i had bought a miter saw SOONER. On the other hand, learning to cut accurate angles with a speed square and building a fence with clamps, right angle or whatever straight edge you have… that really comes in handy
Love sawdust startups!! ❤❤
Awesome job! Love what you do and have a plan/purpose. It’s been an awesome experience in the 3 short months since I started.
That is awesome!
Very helpful great video
LOVED it I highly recommend the sawdust start ups LOVE IT and great content
Awesome thank you!
love the video, love the shirt
I don’t even have words to express how valuable this is. Many thanks. I’m inspired to build and sell my first product. 🙌
Awesome. Go for it!
I am aussie and a christian and an ex cop too. I first noticed your channel a month or so ago. Actually i noticed ur armour of god t shirt lol. You are just the motivation i need. Thank you and god bless 👊
👊
Love what you make! Best tip here.
Thanks so much!
Thank you, Matt. I've been turning this whole idea over in my mind for the past couple of years. I love to make sawdust and do have the skills. This video is exactly what I needed to hear right when I needed to hear it. I'm thinking our Master led me right to it this morning. Thanks again.
Fantastic!
This was brilliant to use this morning as a business check up, thank you 😊
Glad it was helpful!
Love this content this is exactly what i needed i have the dream to work for my self!
I want a complete shop but Yeah that takes a lot of money
do with what you have best tip there is
Buying good tools doesnt build your business
Making stuf en selling it does!
Thank you for this video. It is greatly appreciated. God bless
Thank you again..
You’re an inspiration m, thanks man!
I appreciate that!
Thanks mate there’s such a lot of great advice
Happy to help
good stuff, thanks you!
Thank you so much Matt. I know it may not be as easy as it sounded here but I've been thinking about trying something like this. You helped me so much today with the little nudge that now I think it may even be possible. I just don't know what to say. I'm not good at expressing myself but thank you again! 😊😊😊😊😊❤❤❤❤❤
Glad it was helpful!
Great video, thanks for what you do.
I appreciate that!
just when i started to seriously thing about starting a similar buisness, this video pops up. thank you for the tips!
most of them i already figured out myself. so this tells me im on the right track
Glad it was helpful!
I just looked at your website and I'm quite impressed with the book you made. I just wish I could get it in Canada lol.
So much great information!
Glad it was helpful!
Tip 10 was valuable to me. Thanks, Matt. I'd appreciate it if someone from the CZcams Woodwork community delved into how to target certain clientele, especially if you provide support services. Great video.
Would you do a video on your garage layout from the beginning to today. Please show a floorplan and the items used. Tables and tool storage.
Thank you,
Fred Smith
Love that Southern Yellow Pine that you use. Can't get it here in the NE. Is almost as good as hardwood.
I am a very beginner woodworker and have made a few things like dog crates, living room tables that are also storage boxes. I also work in a lumber store. My question is “where do you buy your lumber? Finding lumber that is straight in big box stores is hard to find. I do buy “cull carts” because they are cheap, but none of that is straight. So I get stuff built, but it is hard and sometimes frustrating! I have learned a lot from your videos and I appreciate the knowledge you share!
Search for "hard wood lumber dealer" near you. The construction grade lumber is very wet relative to wood ready for furniture. The cull cart gets all the stuff that warps as it dries. However, the cull stuff is great for learning the basics. Oh, and be prepared for sticker shock when you see the price per board foot of quality hard wood. :)
Motivating
Good tips!
The biggest thing for me is the pricing of the products. Many people in every business industry get that wrong,
As someone who has very bad A.D.D its hard to come up with ideas and plans for anything cause my mind is just everywhere. I'm very new to woodworking but have the tools I need, the only thing that's killing me is the direction and creativity. Not really knowing where/how to sell is a struggle that comes up a lot in my mind but I do enjoy building. I hope one day I will have it together and have a respectable business that people love coming back to.
Matt, thanks for the information. I have now purchased a 4040 cnc machine which makes me feel like i can start making " big boy" projects. I am still somewhat still a newbe and i am tiptoeing around make it a viable start. I want to make some money but dont want be tied down to Another job ( 74 years old and retired) but want to make things that people like and admire. That i can say " I made that".
God Bless you my friend, following your channel have bring knowledge to my long career as a woodworker , if you have any plans , where could i find them…
All great advice, Matt.
Arrive to prospective customer’s home in a polo shirt preferably with your business name on it, be the first one to say hi and first to extend your hand.
Great tip!
Jez bro
You can take all those tips pretty much and discard the "woodwork" part and apply them to any goal or business plan. Excellent advice!
Glad it was helpful!
Thank you this video is great
Glad you liked it!
The only 12 step plan I will ever need!
Good video, I’m stuck on the paralysis stage lol. Still learning. Have a few chair and rockers built, noodle board, and planters. I give stuff away to Get feedback and mostly people say it’s awesome but it’s people I know so is it really good honest feedback ?? I think to myself do you know how many mistakes I made ?? Lol
well darn it. I would love to join Saw Dust Startup but I cannot afford it. I have some medical bills and I am still doing chemo. I'll bookmark it and maybe later on I can join it. Love this video Matt Thank you
Praying for a full healing for you!
Thank you for sharing!!❤👍🙏✝️🇺🇸
Any info on the Vevor 13inch bench top planner , ur thoughts
remember, a Job is to pay for what's next. and you are a business of you. these are two sayings that helped guide me and I have been reaching my goals and I have gotten to the place where I have to find my path to my next goal. but here is something that I have learned. a job is back-end loaded risk because everyday you go to work is one day closer to the day they let you go. but starting a business is front-end loaded risk. every day you're open is a day closer to lasting stability.
Re: the Chronicle, I saw that you had a section for making your goals SMART: Specific, Measurable, Assignable, Realistic, and Time-bound. This is key. I work with MBA graduates and business owners who do not understand this or practice this, yet the top, most-profitable companies in the world do it every day. Don't just say "I want..." for a goal. Make each goal SMART, and track your progress to each one. Don't just dream, or make big, bold claims. Lock it down and be specific. For me, I think of the "A" (Assignable) as "Accountable". Who is going to do it, who is responsible for making sure everything needed for success is in place and progress towards the goal is tracked. Great video, this might be my favorite on your whole channel! :thumbs_up:
“I want” or “I wish” or “I’d like to” are not goals- you are correct. “I am going to ____ by next Tuesday” is a goal; everything else is not intent, it’s a wish.
Wishing to be like Michael Jordan or Larry Bird - or putting down their work ethic.
Which one might bring some of that success?
After 15 years of luthiery herein Brazil i had to get back to a "formal" job cause we broke, specially after the pandemic years. But Brazil is unfair with the business man that have no connections with "social politics" or "politics schemes". And another unfortunatly point, and that's is really sad in my point of view is that brazilians don't care about quality but price. This cause many manufacture dreams destroyed. And those who remains, like me, that don't give up, struggle em two jobs to keep live our business!!
Great video, Matt, thank you for keeping inspiring woodworkers!!!
At around 17:00 minutes you talk about stove covers. What I'd be interested in learning is how you go about communicating to someone through etsy or facebook market place on the sizing of the product you are selling. For instance was the stove covers a one size fits all, or did you find that you had to request stove size? Also how common is it with selling products online that you have to request further information? Do you find it easier to sell one-size-fits-all products vs products that require further information?
Just starting my youtube career and will be moving into my first home with a garage so I will start my own shop as of May. Any information will help greatly.
These questions could be a good video idea :)
I want to add to the just start/borrow tools. Talk to family/people you know like friends, coworkers ect. I would talk about wanting to make things, or ask how somebody did whatever. You probably will walk away with some tools. Because woodworkers, or whatever this happened with cars with me too all want more people into their hobbies. And well we all never stop buying tools, so theres always a perfectly good old tool.
I've brought a bunch of cheap tools. I need to clear out the garage so I can put benches in there (and modify my late stepdad's old metal workbench) and really get things going. When I start getting some money coming in, I will start buying better tools.
But the thing that affects me the most, is I am caring for my mum in a rented house. Once she passes, I have to find a new place. So I am in a place where I want to start making benches, that might not fit into where I go next. The uncertainty of the future is annoying.
Great video. Thanks for sharing. So many great tips. I have some (quite a lot, far more than you've started with) tools a shop, some materials, etc. From time to time I make things small presents), but I lack the courage of starting out
to sell things. What can I do about that?
I've been there! It can be scary at first. The only way to get over it though, is to just jump in. Pick one project you make, and post it for sale. Go from there.
@@731Woodworks I guess you are right. The worst thing that can happen is, when I make something nobody wants to buy. But when the making is fun, why not giving it a try.
Sawdust is my glitter
Great video, Matt! Never tell someone to shoot for the stars when there are footprints on the moon.
But are there??? 😂😂😂😂
So yes to the LLC?
Curious what that 33 on the license plate stands for.
This is a fantastic video - thanks for all yourwork
I just try to be fair. Some people use a formula like Cost of materials plus labor, times 10% or something similar.
@@731Woodworks thanks ❤️ I love your Channel. Have been binge watching your Channel for 2 weeks. I am about to start on my First Project for sale :)
One thing I’d recommend as a person starts down this path, is to look into local and federal income tax brackets. Know at what point your revenue demands you be filing that income stream.
In my situation, anything over and above $13k annually must be declared and taxes paid accordingly. Anything below $13k… is basically money under the table.
I could really use your help with beginning my podcast. Please
I would like to know how much money U invested before start having an income for a living ? Thank you
You’re my absolute favorite woodworker on CZcams! I’ve learned a lot through your videos. I appreciate you keeping God first and spreading the word along with blessings! Do you offer woodworking classes? I’ve done a lot of framing houses in the past and building pallet patio furniture, but it’s been years and I’ve very recently bought some tools and started dipping my toe into building small projects. I would love to eventually start my own business. I would love to take a class if that’s something you would consider. Thanks for the videos! God bless!
How much did you sell your first project for???
❤️🙏
When your wife says I want em lol relatable!
Where did u sell? What site? I'm on Etsy and I get almost no views after a month.
Etsy and locally. Etsy takes time and you have to set the store up a certain way and optimize it for search traffic and recommended traffic. Check out my Etsy video, just search 731 Etsy
I wanna get into woodworking. But I'm literally starting from scratch.
I have 0 tools and no space. Hopefully, over the next 3 years, I'll build up some tools and get a shed built.
But even once I start, it'll never be more than a side hussle to Hopefully pay for more tools.
I live in the Scottish Highlands. There is an exceedingly small amount of people here that'll pay for custom woodworking projects.
And there's a lot of wood workers.
So the market is extremely saturated. And I don't really have much interest in selling small projects online.
So I'm guessing I'll make the odd bit of furniture or planters or something and sell then as or when I can 🤣
I'm more interested in learning to do it and learning a skill that I can teach to my kids.
👍