Wood Profits Review

Hi, Jeff here, and thank you for taking the time to read my honest and unbiased Wood Profits review. Be advised that I plan to cover the Wood Profits system in great detail, covering both the good and bad points, so if that is not for you then you might want to leave now. Otherwise, keep reading to find out my opinions on whether or not this product is legitimate and actually works.

By the way, this is just a review.

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Wood Profits Review – The Course wood profits

Wood Profits is an online course developed by Jim Morgan that teaches step-by-step how to start your own woodworking business. I actually purchased the course for this Wood Profits review because I wanted to give you as accurate a description of the product as possible. Here is what I found…

The course includes the following:

  1. A 53 page guidebook to starting your own woodworking business
  2. A audio version of the guidebook that you can listen to in your car, workshop or garage
  3. The option to request that a hard copy of the book and audio CDs be shipped to your home address.
  4. An eBook containing 500 detailed plans for building various woodworking projects discussed in the guidebook for starting a woodworking business.
  5. A free bonus set of plans for building an outdoor shed.

In addition, you have the option to purchase the VIP package which includes:

  1. Over 1,000 legal documents and contracts to cover every aspect of your woodworking business. This includes sales contracts, work contracts, etc.
  2. An additional 150 premium project plans based on Jim Morgan’s personal top 150 best selling wood projects
  3. Lifetime one-on-one consulting with Jim Morgan. This means that you can contact him directly if you encounter any problems setting up your home based woodworking business, and he will give you personal advice based on his years of experience.
  4. What Jim Morgan terms the “Woodworking Bible”. It is basically a mammoth book containing almost every type of wood project you can imagine with plans on exactly how to construct them.
  5. Three green energy eBooks that provide tips on reducing your energy costs required by your woodworking shop.

Click Here to Visit the Wood Profits Website

Wood Profits Review – Details of the Course

My original impression of the course was that it is very comprehensive. The first product in the Members Area, the guide to starting a woodworking business, contains 53 pages of step-by-step instructions on what to consider when starting your business. It covers everything from developing a business plan to selecting niches in the woodworking market to balancing costs versus profits. The guidebook also discusses how to find customers locally and nationally, and then discusses how to price your products so that you can maximize profits without driving customers away.

I found the section on developing a woodworking business plan to be especially helpful. Often, people tend to get excited and rush into new business ventures with dreams of making money quickly, but then fail because they did not plan out the business properly. As part of my Wood Profits review, I was pleased to be able to say that Jim Morgan emphasizes the importance of creating a solid business model. For example, he outlines that your business model should focus on a particular line of products or a niche. He then says that those products will determine the type and quality of wood you will need to purchase. The quality of the wood will affect the overall price point, which will affect your customer base. All of these factors are important to consider, because you want to make sure that the wood projects you create fit your customer base’s needs and budgets. Jim Morgan teaches you how to determine those factors.

Wood Profits Review – The Woodworking Plans

I also found the eBook of over 500 detailed plans to also be an excellent resource. I am not that familiar with woodworking, although I have reviewed other woodworking project courses in the past. As part of my Wood Profits review, I am happy to be able to announce that even someone with as limited construction experience as myself was able to follow the plans and create a decent product.

Here is an old-fashioned push-along toy I made from the plans included in Wood Profits:

wood profits reviewIt looks complicated and difficult to make at first, but it was really quite easy. I was very surprised to find that all I needed were two head-body spacers, two outside body parts, two foot wheels, and a pivotal dowel. The measurements and tracing plans are included in your Wood Profits purchase, so that part was very easy to copy over to the wood. I used plywood sandwiched between solid wood, and then also used watercolor paints and clear varnish to finish it off with a nice touch. I have not tried to sell this, yet, but I think I might just let the kids play with it!

Although Jim Morgan recommends the toys niche as one that he has had a lot of success in, I was impressed while preparing for this Wood Profits review to find that he also includes plans for nautical clocks, turned salt and pepper mills, laminated jewelry boxes, and just about any other woodworking project you can imagine. Between the guide to starting your business and then the plans telling you exactly how to follow through and implement it, I honestly feel that Wood Profits is a good value for the money.

Wood Profits Review – My Conclusions

Wood Profits is definitely a great value for the money. You get everything you need to start a woodworking business, ranging from setting up your business to actually learning how to create over 500 different wood products. My own personal thoughts are that woodworking businesses seem quite rare, so it may very well fill a local market need in your community.

This course is not for everyone, though. As part of my Wood Profits review, I recommend that only those serious about starting a home woodworking business purchase this course. The reason is simply that this course will do you no good if you have no intentions of actually following through with what Jim Morgan teaches. That said, if you simply want to learn woodworking or practice with some quality plans, then this course would work for that as well.

Overall, if you are looking for a comprehensive guide on how to start a woodworking business, then I recommend this course. Thanks for reading and I hope you found my review helpful.

Click Here to Visit the Wood Profits Website

Jeff – Wood Profits Review

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Starting a Woodworking Business – The Basics

One of the most important steps to getting your woodworking business off the ground is to come up with a solid business plan prior to getting to work. Sure, the profits come once you actually start making projects and selling them, but there are many aspects of your business that you simply must plan out first. For example, you need to consider who your target customers will be, your niche within the woodworking market, your marketing strategies, and balancing your costs versus your profit margins. First, let’s discuss how to decide your target customer base.

Choosing Target Customers for Woodworking Businesses

Before you can decide what projects to create, you need to decide who will be buying your woodworking goods. Well, you actually cannot entirely control who will buy your goods, but you can optimize your projects to appeal to a certain segment of the population. For example, when you first start out with woodworking, you may want to cater to customers who desire more affordable, simple wood projects. Most middle class homeowners appreciate handmade furniture items that are functional, but not overly complicated or ornate. These projects are not difficult, and can be a great way to make money while building up your woodworking skills. Even better, many institutions like schools will gladly purchase very simple, but functional, outdoor benches and tables for their students.

Once you become better at designing quality wood projects, you may want to shift your focus to targeting more wealthy customers with higher end projects. For example, you may decide to create more artistic, expensive wood carvings and statues using on the highest quality woods. Depending on your skill level, I have found that more wealthy customers really appreciate the uniqueness that comes with each handmade carving or statue. Ornate handrails for staircases are also a particularly popular item among more wealthy clients.

Choosing Your Woodworking Nichestarting a woodworking business

Although woodworking is technically a niche in itself, we often strive to drill further down and specialize in a particular area. This allows us to eventually make a name for ourselves and establish a local brand. Many woodworkers decide their niche based on the type of wood that they prefer the most. For example, if you prefer tropical woods over laminates, then it has serious implications on the types of projects you will choose, the types of suppliers you will need, and the types of customers that will respond to your wood projects.

Knowing your wood of choice and customer base will also help you decide on the best marketing strategies. One of the first hurdles that any new business faces is getting its name and brand out there in the public eye. Many beginner woodworkers start out by advertising their services in local newspapers or on the Internet, but these are certainly not the only options. Feel free to give presentations at your local Chamber of Commerce, or even send out advertisements by mail to local businesses that might be interested in your services.

Knowing your choice of wood will also help you when deciding on a supplier that best meets your needs. You are free, of course, to simply purchase supplies at your local Home Depot, but you should eventually contact a supplier directly when your business is large enough to justify purchasing in bulk. Keep in mind that you need to vet suppliers to make sure that they are giving you the best deals and wholesale prices. Also make sure they carry your wood of choice, and that they provide you with quality raw materials. Remember that your expenses on raw materials will ultimately affect the prices that you must charge your customers.

Aside from wood, you will also need tools specific to the projects that you plan to create. The good news is that you probably already possess a lot of the tools in your garage to enable you to get started. You will want to upgrade to more powerful equipment as your business grows, but starting efficiently is one of the keys to success in starting a woodworking business. At the same time, please make sure that your equipment is durable and will withstand the type of work you decided in your business model. You do not want your tools constantly breaking or preventing you from doing a quality woodworking job.

Other Considerations…

Also bear in mind that you need to factor your time as a business expense. In other words, consider how much time you spend on each project versus the profits you could earn by utilizing your time in a different manner. Do not be afraid to hire help as needed to make sure your projects are completed in a timely fashion. One great way to get your business off the ground is to hire someone with less experience, and then train them on exactly how to create your niche product. After a few months, that person can then handle most of the woodworking and you can slide into a managerial position, if you so desire. Alternatively, it will afford you more time to go out and visit clients or advertise your unique woodworking projects.

If you keep these tips in mind, starting your home woodworking business should go smoothly. Keep your business on track, make a solid plan, and keep tabs on your costs and profits. With any luck, you will be on your way to starting a quality woodworking business in no time!

 

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Wood Profits Review – Coming Soon

Welcome to my Wood Profits Review website! I am have been testing out the product for several months now by making easy wood projects. These simple wood projects can then easily be turned into cash, which can eventually evolve into your own home-based woodworking business!

How to Start a Woodworking Business – Wood Profits Review

Before I get into my actual Wood Profits review, I feel like I should introduce the topic of how to start a woodworking business. Crafting small woodworking projects and selling them for a profit is a little known, but popular, niche market. The great news about getting started with woodworking is the fact that most materials you will need to create neat projects are quite cheap. For example, many of the smaller items that sell for a decent profit margin can be created from lumber scraps.

The key to woodworking for profit is to keep costs low and sell your creations for a decent profit margin. Now, when I mention the term “costs,” please also bear in mind the time value of money. You need to also calculate how much time you spend on each project in order to determine whether or not each particular item is worth your effort, not only in material costs, but in terms of your efficiency. My upcoming Wood Profits review will go into more detail about how this can be analyzed and accomplished, based on the advice given by expert craftsman Jim Morgan.

Why Starting a Woodworking Business is a Good Idea – Wood Profits Reviewwood profits review

I know the most eye-catching aspect of my Wood Profits review is the fact that Jim Morgan says it is a business that actually makes money. This is certainly true, and you will find a market for crafted items in both your local community and on the Internet. However, I have also found that woodworking can be very enjoyable in itself.

When I first started crafting products in my workshop, I struggled a bit at first. I knew nothing about woodworking, but I quickly realized that it only takes a little practice to become quite skilled at produce quality products. For example, my neighbor is an avid bird watcher, so I was able to build her a neat little birdhouse using the methods I will discuss in my Wood Profits review. Not only did she offer to pay me for the birdhouse, but she even told her friends and I had to produce three more for members of her bird watching club!

Getting paid to practice my woodworking skills has been a great experience. Not only am I excited to wake up and head to my workshop every morning, but I am also enjoying challenging myself to create more and more neat little wood projects. Although, as I plan to discuss at length in my Wood Profits review, the purpose of the course is to teach how to make money with woodworking, I am now just enjoying the fun of creating new things every week!

 So Who is Jim Morgan?

Well, Jim Morgan is the creator of Wood Profits, the product that I will cover in my future Wood Profits review post. He got started with woodworking back in 1995, and has since turned it into a full-fledged work at home business. One of the neat things I have enjoyed about the Wood Profits system is that Jim takes time out of his day to respond to one-on-one questions by email. Sometimes when I am in the workshop, I just cannot get certain aspects of furniture pieces to come out just right. It is always good to know that Jim is just an email away, willing and ready to provide some helpful advice. Heck, Jim has even shared his advice on how to find customers for my crafts. I am always amazed at how, even though I am not a woodworking professional like Jim, people seem to love a lot of my creations.

Antique Repair and Restoration

wood profitsI do not want to get into too much detail right now because I plan to write a more in-depth Wood Profits review in the coming weeks, but I wanted to briefly touch on something Jim mentions in his course – Antique Repair and Restoration. This is a hot niche market right now, and I bet you will find that not many people in your area are skilled at restoring valuable antique furniture to its original, beautiful state. Jim covers this area in great detail, and having friends, neighbors and customers all approach me with antiques to restore has been a really fun way to make money while learning the trade. Also, since I am a bit of a history buff, I love having the opportunity to work on furniture pieces with so much history behind them.

Conclusions

Stay tuned for my forthcoming Wood Profits review where I will cover both Jim Morgan’s course, and how to make money in woodworking. I think you will find my review helpful, and hopefully I can provide you with some valuable, detailed information on the product. I am still working through many of the projects that come with the course, so just give me a bit more time to get through several more projects before I come back and give you my honest thoughts and opinions.

Thanks for visiting, and I hope to see you back here at Wood Profits Review.


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