CID Woodworking Plans - Over 500 plans and downloads

Woodwork as a Business

Getting Started
Money Matters
Welcome to Passion for Woodwork
Written by Web Master   
Saturday, 17 February 2007

If you have every thought about making money from your woodwork craft hobby, This is the place to be.  Here at Passion for Woodwork  we provide quality business advice, hints and tips to help turn your passion to profit. There is money to be made from your hobby and with the right advice and a little effort you can live the life of your dreams. Working at what you love and making money from it.

 

For a while now we have been selling a book called "Woodworking as a Business : Turning Your Passion to Profit" Image

The book has been a staple for many people building a woodworking craft  business. Take a look at it here .

 

So why start the Passion for Woodwork site ?


 

 



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Last Updated ( Saturday, 21 April 2007 )
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Planning Your Budget
Written by derryck   
Thursday, 17 January 2008

The first thing you need to focus on in your budget planning is your start-up expense. In general, your expenses fall into four categories:


  • Supplies for your office/workshop and/or display booth

  • Capital Equipment

  • Taxes, Insurance, Specialist Services and Fees

  • Woodworking supplies



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Deciding Your Billing Rates
Written by derryck   
Thursday, 17 January 2008
Networking:

There are as many ways to determine how to price your furniture as there are people starting woodworking businesses. It’s one of the more confusing parts of a craft business, not only do you need to charge for your materials, but you also need to charge for your time and your artistry.


The most frequent mistake woodworkers make is undercharging for their product. Unfortunately, the competition between cheap and inferior quality furniture and the new business owner creates a false ceiling for the prices of wood furniture. The truth is that you may get more customers through discount prices, but you aren’t going to be able to stay in business very long.


The ratio for a successful business is simple: to be successful you have to make more money than you are spending. Offering your furniture at discount rates can eliminate that profit completely.


There are a variety of methods for determining pricing. Find the method that works best for you and stick with it.



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