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.
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:
- A 53 page guidebook to starting your own woodworking business
- A audio version of the guidebook that you can listen to in your car, workshop or garage
- The option to request that a hard copy of the book and audio CDs be shipped to your home address.
- An eBook containing 500 detailed plans for building various woodworking projects discussed in the guidebook for starting a woodworking business.
- A free bonus set of plans for building an outdoor shed.
In addition, you have the option to purchase the VIP package which includes:
- Over 1,000 legal documents and contracts to cover every aspect of your woodworking business. This includes sales contracts, work contracts, etc.
- An additional 150 premium project plans based on Jim Morgan’s personal top 150 best selling wood projects
- 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.
- 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.
- Three green energy eBooks that provide tips on reducing your energy costs required by your woodworking shop.
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:
It 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.
Jeff – Wood Profits Review