R.A HOME | WOODWORKING
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Turning Woodworking From Hobby to Business
Woodworking is an art/craft, depending on how you look at it, that can see you earn quite substantial amounts. There are people who love woodworking, but just do it as a hobby. The good news is that if you have an interest in the subject then transforming it from a hobby to business is quite easy and this article is just going to show you how.
Have tools that you will use for your woodworking. The kind of tools that you will need for your projects will depend on the vastness of your business. If you want to start small, then having simple hand tools will prove to be adequate. You need to buy high-quality tools like a hand drill, a timber saw, measurement tools, and more. On the other hand, if you want to have large-scale production then you will need heavy machinery like a power saw and more. Make sure that the space that you plan to use is adequate.
You need to have clearly marked out your niche. Woodworking is a broad subject that can see you produce anything from a simple birdhouse all the way to the production of office and home furniture. You need to copyright your products to avoid cases where people can steal your ideas for their own benefit.
Make sure you advertise. Know that you are no longer doing your woodworking for the fun of it. There are many ways that you can advertise your products. You can use the internet. Using the internet will need you to put up a website. You can have a variety of sample pictures on the website. You also need to know all the ways of putting up a good website if you want to get enough traffic. You need to use the internet to not only advertise but also to sell. With the website, you will be able to tap into a potential market that cuts across country boundaries.
Still, on the above, you can also make use of word of mouth. Inform your friends and neighbors of your business this is a very inexpensive way of getting your word out there.
Use the internet to get new ideas for your woodworking. There are many plans that are available on the internet of which some are free. You need to use the plans that are available here to improve your skills. You can always get to learn new ideas using the available plans.
Woodworking Business - Learn To Control Your Costs
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Any form of business needs one to know how to calculate the costs if you want to get the profits. You need to have a proper way of calculating the costs. At times, one may put a final price on the product with the mind that they are making money only to find out that they are making losses. You have to have a defined way of calculating the costs so as to get the best out of the business. Here are some of the things that you should put into consideration if you want to earn a good income.
1. Cost of materials
The cost of material will be inclusive of all the materials that you use on the project. You need to always jot down all costs incurred when you purchase material. Start with the obvious costs like the cost of lumber, hardware, and plywood among others. Please take your time and include the costs of the materials that you may otherwise consider as miscellaneous. Such costs can be the cost of varnish, sandpaper, and more.
2. Labor Costs
Are you supposed to include the cost of your own personal labor? Yes, you should include it. To get a good cost of your labor, you need to put into focus the amount that you would pay an employee to do the work and put that onto your labor. Make sure that the quality of work done reflects on the labor costs. The easiest way of getting the labor costs is to calculate it as a percentage of the material costs.
3. Overhead Costs
The overhead costs include all the other costs that you incur even when you do not work. Such costs are things like rent, office expenses, advertising, insurance, among other things. Make sure you also include the costs of shop supplies that are too minor to track separately.
4. Profit Margin
You need to make sure that you make a profit. It is important to make sure that the profit margin is different from other costs. In fact, your profit is quite different from the labor costs. Your profit margin ought to be the amount that you deserve for taking the entrepreneurial risk.
Finally, if you are going to cater for shipping costs, make sure that you include the costs for the same on the product. If your products are of high quality then you will get good customers that will not complain about the price of the product.
Woodworking Business - You Must Specialize In A Niche To Succeed
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Woodworking is a broad subject that will need you to be specific if you want to get good profits. Woodworking can cover anything from making toys all the way to furniture and more. With such a broad subject, you need to be very clear on the kind of business that you need to do. You need to have a niche. A niche in this case will mean that you need to identify the parts that are not adequately covered in the business and maximizing your efforts in the same.
Your niche will need you to first identify the areas that are not covered. For instance, if it is the garden benches, you must take into account if people within your locality have gardens. If they do, check the kind of gardens that they keep. In most cases, you may realize that even when they have garden benches, they do not have good benches. With this in mind, you can then get to provide them with good benches. Another case in mind is the toys for children. You need to carefully determine if you have children in your area. If you do then you will definitely not go wrong by making toys for sale.
Having a niche is very important for then you will be able to know the right kind of SEO techniques to use. Know that in order to have good recognition on the internet, using optimization methods is a must. The SEO knowledge will help you attract the right kind of traffic to your website.
Without a niche to guide you, somewhere along the way you will lose focus. You need to have your eyes set on the ball. The ball in this case will mean the right kind of woodwork projects. You should take extra caution when looking for a niche for your woodwork. Make sure that the project you decide to indulge in is the best for you. Some projects will need you to have powerful machines and others are easy to do with simple hand tools.
In business, having a sense of direction is always positive. It is also easier to have a plan to follow that will always tell you the stage that you are in, in your business. Niche marketing is very important for your business. Make sure that you identify the right kind of niche before you even begin buying your tools.
Woodworking Business - How to Identify Your Target Market
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If you want your woodworking business to succeed, you need to identify your target market. Your target market will be the ideal people that will buy your products without much trouble. Here are some tips to help you get the right target market.
1. Talk to people- You need to talk to your friends and colleagues and make sure you get a review from them. Let them freely tell you what they think of the project and if possible let them give you other suggestions that may work. This is one of the best ways of getting free reviews on the products.
2. Know your competitors- You need to know that the particular field that you want to engage in will have the probability of other businesses that exist on the same. You need to make sure you study what your competitor has to offer. With this in mind, you need to make sure that you make your woodwork to be much better than that of your competitors.
3. Use the internet- The internet is home to many things and among them are social networks. You need to make sure that you join the social networking sites that give you the opportunity to get reviews. To make sure you get the attention of the right audience, you need to set up a page on the networks. Allow people to post suggestions and even questions on it. With this in mind, you will be in a good position to tell what will work and what will not.
4. Use the focus groups- You need to carry out face to face research. Get a group of people together and with a set of pre-planned questions, you need to ask them if they like your product or what they would want you to produce that you are not already producing.
Knowing your target market will definitely help you get the right audience for your products. It is also the main thing that will determine if your business will be successful or not. Please do your research beforehand. Knowing what you are going to produce will determine the kind of tools that you will need. It will also determine if you will need to rent a bigger working space or if using your garage will be adequate. Getting the right target market is not all; you need to thoroughly market your products.
Woodworking Business - Create Your Sales Channel - Offline and Online
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Just like any other form of business, woodworking will need you to use the best marketing strategies if you want to reap good profits from the same. It is clear that many people are nowadays advertising their business both online and offline. There are various ways that you can do both forms of advertising. Let’s begin with offline marketing strategies.
Offline marketing strategies have been around for quite a while now. You need to know that even before the coming of the computers and internet, people would advertise their businesses by use of posters, fliers, putting adverts on the newspapers, magazines and many more. Many people still read the papers and they will also have a look at the advertisements. You need to tap into this resource.
On the other hand, you can easily note that the coming of computers and even the internet has changed how many people operate their business. Like the offline strategy, online marketing also comes in a number of ways. You can simply set up a blog for free. You can let people know what you are up to on the blogs. Another way is to use the forums. There are many forums that will specifically talk about a given subject. You need to find forums that focus on woodworking. Here you will find both experts and buyers that are willing to buy your woodworking. Another way to do your online and one that works best is by coming up with a good website. You need to have enough SEO on your site if you want to attract the right kind of traffic. More so, make sure that you use all the proven methods to drive traffic to your site.
A good marketing strategy will actually make sure you get the customers that you want. Both techniques will also need you to come up with new and innovative ways that will see you make a good income. Know that each type of marketing whether online or offline will have its advantages. For instance, online advertising is much easier and cheaper to do. On the other hand, with offline marketing, you get to have the marketing message to stay for longer in your customer's mind. You need to use both methods so that even when you tend to drop rank for whatever reason, you are still able to get the offline attention. You can always combine the use of the two for maximum benefits.
Woodworking Business - Understand The Costs (Startup, tools, materials)
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In any form of business, understanding the costs of setting up the business and the costs of running it is of great importance. You need to make sure that you understand the costs of everything else. The same applies to woodworking. Some people assume that woodworking is easy to start a business, with such a mindset; you will not get the returns that you would want. You need to fully understand the costs that are involved.
One thing that will greatly determine the type and even costs of the materials is the kind of project that you want to engage in. You need to have a specific project that you know will have an easy market. With this in mind then you will be able to know the kind of tools that you need.
When it comes to tools, make sure that you only go for the best tools that are durable and at the same time will give you great service. Getting the right tools at a good price will need you to compare the prices. Different shops will come with different prices. You need to find a shop that will offer you the best prices for quality products. Searching online for your tools is a great idea. Due to the high competition among the online shops, you can now easily get a shop that will give you a good discount on every product that you purchase.
With woodworking, you will obviously need materials for your projects. With this in mind, you need to know the kind of material that you want. If it is lumber, plywood, and other materials like sandpaper, it is important for you to list all of them down. Make sure that you compare the prices as in the case of tools. When you get the best prices then you can make your purchase. It is important that you stick with one woodwork supplier for you to get opportunities of getting a discount.
There is also some online software that will help you get a rough estimate on the startup costs and more. You need to be sure of the materials that you want. Get good plans that will aid you in knowing the right material to get. Always operate within your budget. You should know that woodworking comes with various plans and projects and thus you will find something within your limits.
Woodworking Business - Use Woodworking Plans To Build Projects Faster
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Woodworking will require you to be very creative and innovative. Nonetheless, you will also need to have plans that will help you build your woodworking plans in a fast and better manner. There are many plans that you can get on the internet. Some of these plans are free and others will need you to pay some money to get access. Some plans will also offer you tips that you can use to customize your products.
The truth is that with a good plan then you will be able to build your woodwork not just fast, but also in a better and easy way than you would have done without one. Many people especially beginner woodworkers will have a problem with the materials to buy and even the right tools to own. A good plan will have all these in focus. In fact, if you are interested in making something like a cabinet, a good plan will tell you of the right kind of materials and even the best tools to use. With these in mind, it is important that you choose your plan very carefully.
Some people just make the mistake of picking any kind of plan that they find online. As much as there are good plans online, you cannot rule out the fact that you will come across bad ones. You need to make sure that the plan you take is from a well-established and professional woodworker.
A good plan will also tell you the kind of space that you will need for your project. Some projects will need larger space than others. Read the suggestions and make up your mind. It is important for you to have a budget so that you can compare the prices to be able to know if the project is okay for you or not.
A woodworking plan will make everything to be easy for you. For instance, a good plan will be able to show you everything from the start-up process all the way to the end. As said earlier, a good plan will also give you some space for customization and thus you can include your own original ideas to make the woodwork to be authentic. With good woodworking plans, you will be able to complete your projects within time and thus it will increase your speed of production. If you are a beginning woodworker then you can make use of the free plans and as time goes on, you can order more professional plans.
Set Up Your Woodworking Shop In A Small Space Without A Nightmare Budget
Discover Everything You Need To Know About Setting Up Your Ultimate A Small Woodworking Workshop
They say a man is only as good as the tools he chooses to use. This statement is particularly true. Besides skill, your craftsmanship is largely determined by the tools you use. When you don’t know how to choose the right tools, you have a bigger problem in your hands. Having been a woodworker for the past 15 or so years, it is safe to say that I have seen and done it all.
Starting out was quite tough for me. I wished I had someone to guide me through every step of the way, but I was not lucky. I had to learn the hard way, making several mistakes in the process that cost me thousands of dollars while setting up my workshop and growing my business.
A Review of Ultimate Small Shop Guide
When I first bought and read Ralph's guide at UltimateSmallShop.com, I really wished I had this book 15 years ago.
Here's why:
One of the greatest mistakes I made in the past was overspending on tools. I was buying bad tools and other times I ended up overspending on tools I really didn’t need. You can’t blame me though; anyone looking for good quality tools on a budget will tell you that the experience is like walking on a minefield. This is because there are numerous factors you need to consider.
I quickly learned that buying from big-box retailers such as Home Depot, Amazon Walmart, Lowes, and the like was not a good idea. This is especially when looking for a one-stop-shop for your tool-related needs.
And as Ralph mentions, the "paid" reviews and recommendations make purchasing tools a guessing game. This is because more often than not, these "sponsored" reviews are paid for by the manufacturers of the tools themselves!
The online sellers also tend to sell, old refurbished tools as good condition tools to end up being disappointed after a few uses. Then there is also the risk of buying too much in terms of quantity and price, not spending enough, and even buying tools that just suck. This experience is heartbreaking because you just don’t lose money, you also lose your valuable time. It gets worse when you go through the experience several times. I almost give up my passion and never got started with this hobby.
Just as I had mentioned earlier, when I started out 25 years ago I wished I had someone to guide me through setting up my shop. I know there are numerous other woodworkers who are in a similar situation right now.
Here's why I highly recommend Ultimate Small Shop to anyone setting up shop
This is the key reason why Ralph created the Ultimate Small Shop Guide to help you set up a fully functional small shop on a budget. And it clearly shows in the book.
There are plenty of guides out there on shop setup but most of them don't focus on budget - which is in my opinion one of the most important factors.
Let's face it, you can set up any shop you like if you have an endless budget! But not anyone has that luxury - certainly not me. So the tips and advice are useful and very practical for shop setups on a budget.
Ralph includes all the lessons he has learned the hard way and his major goal is to save you from the agony of the trial-and-error process of setting up shop. Thus, you will no longer have to make bone-headed mistakes or waste any more money buying the wrong tools
What You Can Expect To Find In The Guide:
The guide contains 6 modules which include:
• Tool Selection
Many woodworkers lose a lot of money during tool selection. The guide will show how to determine the tools you need before you begin buying them. It also contains a hand-tool and power tool shopping list, and a shortlist of important pneumatic, portable, and stationary tools plus where to get all these tools at discounted prices. You will also get to learn how to keep your tools in top shape.
• Space Selection
Find out the possible home workshop spaces plus different layouts in this guide. You will also get ideas on how to divide your home workshop into different areas.
• Lighting, Electricity, and Soundproofing
You will know everything about electricity and lighting in a workshop including different layouts and costs. You’ll also be enlightened on how to soundproof your woodworking shop by up to 70 percent for under $500.
• You will also learn about Cooling, Heating, and Ventilation, as well as, how to deal with dust in your workshop. There are tips on safety as well.
This guide is perfect for you if you want to learn how to set up a fully stocked functional workshop with whatever little space and budget you have.
Abroad?
Abroad ay tala ng paglalakbay at pakikipagsapalaran, Sa buhay na puno ng pag-asa at kasiyahan. Hindi ako lumaki na may mga huwar...
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Discover Everything You Need To Know About Setting Up Your Ultimate A Small Woodworking Workshop They say a man is only as good as the ...
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Abroad ay tala ng paglalakbay at pakikipagsapalaran, Sa buhay na puno ng pag-asa at kasiyahan. Hindi ako lumaki na may mga huwar...
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(START YOUR WOOD BUSINESS NOW, CLICK HERE!) Woodworking is an art/craft, depending on how you look at it, that can see you earn quite substa...