Are you passionate about woodworking and want to start a woodworking business? Here we compiled the best woodworking business ideas that can be started with low money.
A woodworking business can be initiated with a small startup capital investment. It only requires some specific tools and wood as raw materials. Woodworking is simply making and creating decorative and utility items from wood. Selecting the right saleable products is crucial to starting a woodworking business.
You can start selling from your home and also from crafts fairs. One can also sell on consignment from a local retail store, gift, and furniture shops, and online marketplaces.
Here we list down the most profitable woodworking business ideas and opportunities that you can start with simple tools and equipment. These products are popular and easy to make also. You can also add creative woodwork with these products.
List of 25 Woodworking Business Ideas
1. Start a Woodworking Workshop
If you have some experience in the process of making wood-based products, opening a woodworking workshop can fetch you good returns. For starters, a little space in your backyard or garage space is sufficient to open a home-based woodworking workshop.
In addition, you can make more money by selling products from other manufacturers at your workshop.
2. Beer Bottle Crate
A wooden beer bottle crate with a lid is a very popular utility item. It can be used for household storage and also while traveling. You can make this item with wood and simple tools. The process is also simple.
3. Beer Mug
The wooden beer mug is an innovative product. You can create different types of wooden beer mugs of different shapes and sizes.
4. Bookshelf
A bookshelf is also considered a decor item. You can make different types of bookshelves. You can also go for a customized bookshelf according to your client’s demand.
5. Cabinet
The cabinet is a useful and decorative item also. It has a wide household and office usage. Here also you can make different innovative cabinets by using simple tools. You can also create a customized cabinet as per clients’ specifications.
6. Candle Holder
The wooden candle holder is a useful decorative item. It is also considered a gift item. Various different types of wooden candle holders are very much popular and the making process is also simple.
7. Cutting Board
The cutting board is a kitchen utility item. It comes in different sizes. This product is very popular and you can make different types of cutting boards by having some simple tools.
8. Hardwood Chopsticks
Hardwood chopsticks are an essential dining item. It comes in different sizes. This product is popular and you can make this product by having simple woodworking tools.
9. iPod Stand
The iPod stand is a utility decor item and is widely used in both homes and offices. The wooden iPod stand is an innovative product and also a very attractive one. You can make this product with simple tools.
10. Jewelry Box
The wooden jewelry box is a widely used product among ladies. It generally comes with attractive pattern work on the lid. This is a popular product and the business can be initiated with small capital investment.
11. Photo Frame
Wooden photo frames are considered home decor and gift items. Broadly you can find two types of photo frames. One is a wall hanging and another is a table stand. This is a very popular product also.
12. Planter Boxes
Planter boxes can be designed and customized also as per the client’s required size and shape. It is normally used in windows and in the balcony. Sometimes wooden planter boxes are used for indoor plant decoration purposes also.
13. Wooden Puzzles
Wooden puzzles are the most popular item among wooden toys. You can make different innovative wooden puzzles for children using some simple tools.
14. Sitting Arrangements
Various different types of sitting arrangements with the table are considered home decor items. Sometimes these are used for outdoor sitting arrangements also, such as in the garden and terrace. Different types of innovative sitting arrangements can be made by using simple woodworking tools.
15. Spoon
Wooden spoons are essential items for the kitchen and dining also. Different types of spoons with different shapes and sizes are used for different purposes. You can initiate a wooden spoon-making business part-time also.
16. Storage Box
The storage box is essential household furniture and is also considered a decor item. The storage box with a sitting arrangement is a very popular concept. You can make different types of storage boxes with innovative patterns. You can also make a customized storage box as per the client’s specific requirements.
17. Wall Art
Wooden wall art is a popular home decor item. Huge different types of wall art can be made for home and office use also. For small and large walls, you can create different types of wall art of different sizes.
18. Wardrobe
The wardrobe is an essential furniture item and it is used in almost every home. You can make different types of wardrobe with door and without door also.
19. Wooden Pen
Nowadays wooden pen is considered a promotional gift item also. And for that purpose people buy wooden pens in bulk quantities. Apart from this, it is used for official and educational purposes also. You can start a wooden pen-making business by having simple woodworking tools and with a small startup capital investment.
20. Wooden USB Drive
A wooden USB drive is an innovative product now. It is also considered a gift item. The crafting process is also simple. You can start this business from home.
21. Business Card Holder
The wooden business card holder is often considered a promotional corporate gift. It is a million-dollar industry now. Different varieties of wooden business card holders can be made with some simple tools.
22. Wooden Pencil Manufacturing
A wooden pencil is one item that has demand all around the year. From kids to elders, everyone needs pencils for one reason or the other.
However, a good network of distributors and retailers is essential to make the business profitable.
23. Plywood Manufacturing
The use of plywood has increased manifold in recent years. Nowadays, plywood is preferred for low cost and good finish of wood decor items.
Read: How To Start Commercial Bamboo Farming Business
Though the initial cost to manufacture is a little on the higher side, the profit margins ensure a quick payback period for your startup investment.
24. Chairs & Tables
Chairs and tables are traditional wood products in the woodworking industry. You can make more profit by creating creatively styled chairs and tables. Making traditional and trendy chairs and tables is one of the most popular woodworking business ideas.
25. Sell Woodworking Equipment & Tools
Selling woodworking equipment can be a profitable business if you are living in an area where there are a lot of woodworking workshops.
If you don’t have that many workshops locally but still want to get into the business, you need to go online. There is a good demand for woodworking tools on online marketplaces nowadays. These woodworking business ideas can be initiated part-time with small startup capital. However, you can set up a full-scale woodworking unit also with a production target of different woodworking products.
About the Author: 99businessideas.com led by Rupak Chakrabarty is committed to helping beginners, entrepreneurs, and small business owners in starting, managing, and growing their business. Our aim is to educate the entrepreneur on the various stages of entrepreneurship.