Let’s do some math on just how much can I make from woodworking.
Let’s start with the easy way. Most people can make $5 an hour with working on furniture that costs about $80 a foot. If you need to sell $2000 worth of wood, that’s $20 a day. This is where woodworking really begins to get expensive. The most common jobs are cabinets, tables, chairs, countertops, and so on. The work can be done with hand tools but you probably won’t be doing more than 100 hours of woodworking over the course of a year. It’s not likely that you would have the space to build all of the equipment in your shop yourself.
If you think about it, it’s really more like a hobby. It may take you a week to complete the work and most woodworkers are busy with more important things at home. But if you’re the type of person who thinks they can put together a workbench right now, then you can get away with just $0.07 a day. $0.07 a day for 100 hours! This is how much you would expect to make if you just worked an average 12 hour workday. Of course, you don’t need 20 people to do this. Some of the jobs you will probably have to do will require as little as four people. But you do get to buy a lot more than one person to do the work. For example, you can build a basic workable table bench for a few hundred dollars. So as the workday goes on, the cost of wood continues to go up but you still get to buy more and more. I find it’s about the average price of furniture over the last decade. At the upper end of the spectrum the average price for a large hand held computer is about $150 to start and up to $250 for a PC that can get you pretty far in today’s world.
If you work for a company that sells cabinets and work desk work, this $12 to $15 a foot price includes furniture assembly and the labor time and costs of purchasing new furniture. You’re looking at $30 to $40 a day total from what I have seen reported in The Brick. So in this case, what you’re spending on furniture is $100 to $200 a week. That doesn’t even begin to consider the cost of shipping, buying new furniture, or even buying a truck or motorbike. There’s a lot of extra costs that you need to consider
best selling wood projects on ebay, home based carpentry business, self employed woodworker salary, starting a woodworking business podcast, how to make money in my woodworking shop