Woodworking Project to Sell For MASSIVE Profit!
If you want a woodworking project to sell, maybe you want to sell on Etsy, this is one that has extremely high profit return. Low cost HIGH profit woodworking project. Woodworking projects that SELL!
Plans include a link to private video instruction for the ladder, angle cutting jig, and an assembly jig not shown in this vdieo: https://www.etsy.com/listing/1674421449/woodworking-plans-tea-towel-ladder-pdf?click_key=404a936a1c9c6ca0c17f93e082a98b6657a3e46f%3A1674421449&click_sum=407acc3d&ref=shop_home_active_1&pro=1&sts=1
#woodworking #woodworkingbusiness #woodworkingprojects
You can not have a 3000% profit. Help your viewers have some basic understanding how business works. If you sell something that costs you $1 and you sell if for $100,, it would be a 99% margin. To have a 3000% profit, you would need to have a negative cost of goods. Talk about margins, not mark ups, just the basics of running a business. All your costs need to be considered too not just materials. Tools, supplies etc.
I love this channel!
Today i finished off a few Christmas tree table decorations. Reckon I’ve got $2-3 worth of material, screws and paint in them and I’ll get $70 for my effort. Im pretty stoked at that.
There’s more than .80 cents of materials involved in that project. The six stews alone are nearly that. The wood about $2.
Plans include a private detailed video on how to build the ladder, the angle cutting jig, and an assembly jig not shown in this video: https://www.etsy.com/listing/1674421449/woodworking-plans-tea-towel-ladder-pdf?click_key=404a936a1c9c6ca0c17f93e082a98b6657a3e46f%3A1674421449&click_sum=407acc3d&ref=shop_home_active_1&pro=1&sts=1
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Apparently the labor was free, and all the power tools came from a thrift store. It is a pretty useless object – good for cluttering up a kitchen.
80 cents for that block of wood? Not quite. It cost me 14.99 at Home Depot in Canada
As a profit percentage that sounds great. But making around $23-$24 (before tax) for an hour’s work isn’t something I’d spend time doing. I’d rather spend $50 on materials and spend an hour making $100 profit. It’s a much lower percentage but it’s sustainable.
Factoring in your time and you’re making about $15/hour. Nice for a hobby.
Thanks Ronnie for sharing your projects, I need to build a latter for my chicken coop
Sure, if you consider your labour, time, and tools are worth zero dollars, Then i guess the profit can be that high.
Would put something on the feet to stip it slipping when a towel is yanked out of it.
Great video sir
Unless you value your time at $25 per hour you better make 3 per hour. Lol. Which you could easily do. I’ve been making these ladders as spice racks for years outta scraps.
Very cool video sir. Thanks.
Good video.
unless you can make it in 15 minutes you will lose money, labor is the most expensive part of the project
It won’t reach my roof..oh nooo
How much it cost for automatic machinery using
Then you have a mimi three rung ladder – what do you then do with it ?… and that’s all I got to ask about that.
i like the project but you musta failed math class. Profit is defined as after all expenses…you’ve skipped over all your tools and 6 pocket screws…and the biggest of all – YOUR TIME. If you’re willing to work for free, or close to it, i’ll hire you!
If you have $1.50 in this and sell it for $25 and it takes an hour (all in ..i assume you sand and stain it) you’re actually running a charity once you account for all the expenses you SHOULD be figuring in there. If you’re not getting $75-100/hour in salable items you’re better off working at walmart.
Listing something for a price does not mean people are buying it or is worth the asking price.
What the hell is this man. I make 28 times more money typing in numbers on Excel.
Misleading. Your time is valuable as well.
Don’t waste your time or energy, building shit to sell. I’m a damn good carpenter and wood working blessed by god o e thing I hv going for me. I built many so called great sellers and garden trellises and just got back in from my 3rd day trying to sell this shit to garden centers and k ick knack stores, unless you can sell your shot for pennies on the dollar good fucking luck. I had a lot of different things my wife loved and hv in our house. Didn’t sell one dang thing unless I wanted to give them away
So your time has no value? Clickbait title.
Quick and simple,I love it,I just got an electric hand planer,and table saw,I have no idea how to use the hand planer,and I’m getting the hang of the table saw…..I think,any advice or can you do a video thanks brother,your videos are an inspiration 🙏🏻
I’m a 40 year professional carpenter and joiner, these stupid videos made by amateurs piss me of.
Since the rise of the CNC business making stuff like this for profit has become pointless.
The mass market construction of timber products being churned out of China giving high end product at cheap labour costs have destroyed the wood working business.
If you want to make stuff like this for your own personal enjoyment, great.
But for those of us who are struggling to make ends meet when we are great craftsman and in general good business people we find this tosh insulting.
Traditional joinery as a commercial craft is but dead.
I used to build timber windows now I just repair because a modern machine shop is 10 times faster than traditional joinery.
Soon all timber joinery will be built the same way as kitchens.
So if you want to do timber joinery as a traditional trade great, but please don’t give up your day job.
👍👍👍👍👍👍👍
If I knew what the video was about, I might watch it..! 👎
You would need $3000 worth of equipment to do the job.
I live off grid in a log cabin in the Canadian bush on solar.. so all my power tools are dewalt cordless so I can recharge the batteries lol.
And all my lumber is logs.. with that said I’ve made these out of tree branches that I’ve peeled and sanded and do a half lap to connect rails.. they sell for 50$
This is great. I am trying to “purge my hoard”. I have so much scrap material. I hate to throw it out (burn pile). And I am looking for ideas. Especially for a bunch of the 2×4 cut offs that I have. So your playlist is perfect.
$25! Seriously, americans seem to just throw money at anything.
$0.80 🤭 (…so, you STOLE thousands of dollars in materials and tools?) 0:18 Pretty sure that’s called a LIE. C’mon brother! The palm sander was both free and unnecessary??? 🙄
So it really costs $10.80 + tax if we buy your plans
Did you actually sell any, and if so, what price did you get for them?
Just so you are aware profit is calculated after all the bills have been paid.
👍 you have a new subscriber 👍
With electricity, hardware and materials, that would cost about $52 in Canada… not to mention the time involved! LOL
You forgetting your time making it that will cut into the profit.
How to make "massive" profit…simple, grossly overprice your pieces.
If you’ve already got all the gear you can make a profit. But if you don’t have all that gear your expenses outweigh the profit. If you factor in the cost of the gear, I doubt if your profit would be as high as you stated.
It cost me £2000.00 to buy the tools and materials ! Should start making a profit in 2035
I wanted to mention, because I’ve owned a business for over a decade, but only recently started to look at profit properly, I would highly suggest taking the time to learn about revenue, cost of goods sold, gross profit, overhead and net profit. Claims like "2000% profit" because it cost $.80 in wood isn’t a good way to look at business financials and can make your real world experience and expectations misaligned.
Just as a quick example with my sawmill business, I buy logs for about $.40/bdft and can sell the lumber for $1.10/bdft. After blades and fuel for my mill, my cost or goods sold is about $.50/bdft, so I gross about $.60/bdft. I then have to take out overhead such as insurance, sawmill maintenance, rent, utilities, interest on loans, excise taxes and mooooorrreee haha. And of course my pay. Because I’m salary not hourly, I could put that in overhead but realistically that should go in my cost of goods sold as well. So for example if I’m paid $1000 per week, work 50 hours per week, and can cut 100 bdft per hour, my average labor is $.20/bdft.
And then the real killer in all of this is inventory turnover. Some products such as pine lumber sell at about 90% over two years, meaning I’ll have some unsold and unsellable material after those two years. Where as with hardwood, because I get logs for free yet don’t market the material as much, I might only have a 25-50% sell through rate on some stuff. Thankfully I can donate it to schools or sell it very cheap to a handful of woodworkers I know.
So for a woodworking business you’ll always have inventory on hand, and always have some amount of inventory that never sells. Getting the sale is probably half of the battle of woodworking for some products!
I hope that helps and definitely look for more info from people that know more than me! I love milling wood and woodworking, I’m certainly not as good at the management side of things!
Profit can never be higher than 100%
I love the items that you make. The question I have do you sell these small items on Facebook Marketplace?
Thank you for the simple yet very helpful and educational videos. I love your cut and dry to the point style! 🙂
I tried selling these but kept falling off the ladder of success! 😂
Eighty cents plus $35 for the toggle clamps.