• Net Worth
  • Posts
  • Starting a Successful Woodworking Business: Zero to $30,000 Per Item

Starting a Successful Woodworking Business: Zero to $30,000 Per Item

A Journey of Passion and Creativity

Disclaimer: this article contains affiliate links for products we use and love. If you take action (i.e. subscribe, make a purchase) after clicking a link, we may buy a coffee, which we promise to drink while creating more helpful content like this. As an Amazon Associate, Net Worth earns commissions from qualifying purchases.

- Net Worth

(sponsored)

Are you passionate about woodworking? Have you ever dreamed of starting your own woodworking business (sponsored) and creating beautiful furniture pieces that sell for $30,000 and more? Well, today we have a special treat for you: An interview with Cameron, the owner of Blacktail Studio, who shared his inspiring journey and valuable insights into building a thriving woodworking business. (sponsored)

Finding Passion in Woodworking

Cameron's woodworking journey began in 2016 when he was working as an EMS pilot. With a flexible schedule of seven days on and seven days off, Cameron needed something to fill his time. Moving into a new house with an oversized garage sparked his interest in building things. Although he had never been a woodworker, Cameron saw an opportunity to explore woodworking as a hobby. (sponsored)

"I've always liked building stuff, and I needed to fill my time with something. Woodworking seemed like a natural choice," Cameron shared.

However, Cameron soon realized that woodworking was not just a hobby; it had the potential to become a lucrative business. "I found out that the tools were expensive, so I decided to sell some of the things I made to pay for new tools," he explained.

Building a Woodworking Empire

Photoshoot for GianniBaseball.com. Woodworking by John Iannarelli. Custom Wooden Baseball Bats.

What started as a creative outlet and a way to pay for tools quickly turned into a thriving woodworking business. Cameron chose the name Blacktail Studio, leaving the door open for future opportunities in metalwork or other mediums. However, he soon fell in love with the art of woodworking and focused all his efforts on perfecting his craft.

Over the years, Cameron has scaled back on woodworking revenue to concentrate on social media. However, his woodworking business still brings in an average of $15,000 per month. He has even turned down orders for $20,000 tables, a sign of his success and the demand for his work.

The Power of Social Media and YouTube

Discover the YouTube Trending page

One of the key elements that transformed Cameron's woodworking business is his YouTube channel. With over 1.3 million subscribers, his channel has become a primary focus for driving growth and expanding his reach.

"The YouTube channel changed everything for me. It opened up new opportunities and brought in a lot of customers," Cameron shared.

Cameron initially had reservations about giving away his secrets and techniques on YouTube. However, he discovered that providing valuable content attracts a wide audience, including potential customers. Many of his viewers, such as dentists and doctors, initially tried to build their own furniture after watching his videos, only to realize that it was much harder than it seemed.

"I found that giving everything away on YouTube actually helped my business. It built trust with my audience and brought in more customers," Cameron explained.

The Impact of YouTube on Business

Not only has YouTube helped Cameron attract more customers, but it has also opened up new revenue streams and shifted his focus. With YouTube's potential for unlimited views and ad revenue, Cameron has realized that there is more to gain from creating engaging content than solely producing furniture.

"It has changed the direction of my business. Now, I focus more on creating better content rather than just cranking out furniture," Cameron revealed.

Should You Start a YouTube Channel?

When asked about starting a YouTube channel, Cameron believes that it depends on the individual and their capacity for social media. While YouTube has been a game-changer for his business, he acknowledges that other social media platforms can also be beneficial.

"I think people should embrace some form of social media. It doesn't have to be YouTube specifically. TikTok or Instagram can work just as well," he advised.

However, if you do choose to start a YouTube channel, be prepared for a bigger time commitment. YouTube requires more production work compared to other platforms, where you can simply take a picture and continue working. Cameron takes pride in doing all the editing himself, ensuring maximum control over the content he puts out.

Starting a Woodworking Business on a Budget

For individuals just starting in woodworking, Cameron recommends budgeting at least $1,000 for tools. While some people may already have basic tools, others may need to make some initial investments. Cameron emphasizes the importance of investing in quality tools, even if they come at a higher price.

"Tools like a good circular saw and a high-quality sander make a big difference in the end product. Don't skimp on the tools that will impact the final result," Cameron emphasized.

He also encourages woodworkers to explore buying used tools, as there are often great deals available on platforms like Craigslist. Cameron even offers advice on his blog about the best tools to buy used and which ones are worth buying new.

Sourcing High-Quality Wood for Your Projects

One of the key aspects of woodworking is sourcing high-quality wood. Cameron emphasizes the importance of buying from reputable suppliers to ensure the wood is properly dried and ready to use.

Living near the world's largest supplier of walnut slabs, Cameron has easy access to high-quality materials. He also mentions using Craigslist occasionally, but advises caution and recommends thoroughly checking the wood before purchasing.

The Power of Authentic Media Presence

As for marketing his business, Cameron relies heavily on social media platforms such as YouTube and Instagram. He believes that the authenticity and transparency of social media resonate with his audience and potential customers.

"I haven't spent much on traditional marketing. Social media is the best form of advertising for me. It allows people to see the entire process, from start to finish," Cameron explained.

He also emphasizes the importance of having a well-designed website to showcase his work and attract potential clients. Cameron built his website on a user-friendly platform like Squarespace, using inspiration from other woodworkers' websites.

Transitioning from a Job to Full-Time Woodworking

When it comes to transitioning from a day job to pursuing woodworking full-time, Cameron believes there is no one-size-fits-all approach. He advises individuals to start small and test the waters to see if woodworking and running a business are the right fit for them.

"I believe it's essential to start small and see if it's something that works for you before committing entirely," Cameron shared.

Sharing Knowledge and Empowering Others

As part of his commitment to sharing knowledge and helping others on their woodworking journey, Cameron designed a virtual workshop. In this workshop, he teaches beginners how to make epoxy tables and offers valuable insights gained from his years of experience.

"The virtual workshop is like a fast track to learning epoxy table making. It cuts down the learning curve and allows beginners to create a high-end table right from the start," Cameron explained.

The virtual workshop has been well-received, with hundreds of participants in the first few weeks alone. It has already generated significant revenue and the potential for further growth is promising.

The Importance of Proper Pricing and Margins

One crucial aspect of running a successful woodworking business is setting proper prices and maintaining healthy profit margins. Cameron learned the importance of charging what his work is worth early on in his career.

"I think a lot of people need to overcome the fear of charging what they're worth. When I started charging higher prices, it opened up new opportunities and allowed me to grow," Cameron shared.

By continuously increasing his prices based on demand and quality, Cameron now receives orders for high-end tables worth thousands of dollars. Setting the right price and maintaining healthy profit margins has been instrumental in growing his business.

The Woodworking Business: A Journey of Passion and Growth

Cameron's journey from a hobbyist woodworker to a successful business owner is a testament to the power of passion and determination. By embracing social media and sharing his knowledge, he has established a strong presence in the woodworking community.

Aspiring woodworkers can learn valuable lessons from Cameron's experiences. From starting small, investing in quality tools, and building an authentic media presence, to setting proper prices and exploring new revenue streams, the path to success in woodworking requires creativity and adaptability.

So, if you've been contemplating starting your own woodworking business, take inspiration from Cameron's story. With passion, hard work, and a willingness to learn, you too can build a thriving business in the world of woodworking.

Disclaimer:

Net Worth, affiliates, and related parties do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.

Legal Disclosure: Net Worth is not a financial advisor. The information contained in this article is for entertainment purposes only. Before investing, please consult a licensed professional. Any stock purchases mentioned here should not be considered “investment recommendations”. Net Worth shall not be held liable for any losses you may incur for investing and trading in the stock market in attempt to mirror what what the author of this post has done. Unless investments are FDIC insured, they may decline in value and/or disappear entirely. Please be careful!

Reply

or to participate.