10+ Best & Profitable Woodworking Business Ideas [2023]

Unleash your creativity and start your own woodworking business! Discover the top 10+ creative, original, and demanding woodworking business ideas to help you create a successful venture.

By Nick Cotter
Updated Feb 07, 2024

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Hey there, fellow woodworkers and aspiring entrepreneurs! Have you ever found yourself lost in the mesmerizing grain patterns of a piece of wood, or felt the satisfaction of turning that raw material into a beautiful, functional piece? If so, you're in the right place. It's 2023, and woodworking is not just a hobby anymore - it's a profitable business venture waiting to happen!

Imagine this. You're in your workshop, surrounded by the sweet scent of sawdust and varnish. The hum of the lathe is your background music. You're creating, you're crafting, and best of all - you're making money doing what you love. Sounds like a dream, right? But it's not just a dream. It's a possibility, and we're here to show you how.

Whether you're a seasoned woodworker looking to monetize your skills, or a beginner eager to turn your passion into profit, this article has got you covered. We've compiled a list of the 10+ best and most profitable woodworking business ideas for 2023. So, buckle up and get ready to dive into a world where creativity meets entrepreneurship, and where your woodworking skills can earn you a pretty penny.

Furniture Making

Furniture making is the process of creating pieces of furniture using different materials like wood, metal, and plastic. It involves designing, planning, and executing the manufacturing process to build a piece of furniture that suits a customer's needs. Furniture making can be a rewarding experience for those who enjoy working with their hands and creating unique, one-of-a-kind pieces that stand the test of time.

  • Here are several reasons why furniture making can be a great business idea:
  • Customizable:
  • Customers can request personalized pieces that cater to their needs, allowing for a high level of customization and originality.
  • Customized pieces often demand a higher price point and can bring in substantial profits.
  • Durable:
  • Well-made furniture can last a lifetime, which means that customers will be willing to pay a premium for the quality of your pieces.
  • This can also lead to repeat customers, as people may want to purchase additional pieces or recommend you to friends and family.
  • Trendy:
  • As trends in furniture design continue to evolve, there are endless opportunities to create unique pieces that appeal to current consumer preferences.
  • Furniture makers can adapt to current designs and create pieces that cater to different tastes and styles, which makes their business always up-to-date.
  • Environmental:
  • Furniture making can also operate on the principles of environmentally-friendly designs and production, which appeals to consumers who are eco-conscious and those who want to shop sustainably.
  • Choosing materials that have a lower impact on the environment and applying them in innovative ways, can differentiate your business in a crowded market.
image of a Furniture Making


Cabinetry is the art of designing and constructing wooden cabinets for homes, offices, and various businesses. As a business idea, cabinetry has the potential to give you an excellent source of revenue. Here's why:

  • Cabinetry is in high demand since many people value the appearance of their homes and offices.
  • Custom cabinetry is always in demand since people want unique pieces that are not found in any store.
  • The demand for cabinetry is growing as more and more people are renovating their kitchens, bathrooms, and offices.
  • Cabinetry is adaptable secondary to your preference, so you can specialize in a favorite niche like customizing kitchen cabinetry or crafting home offices.
  • Outsourced designs from creative architects or interior designers.
  • Repeat business with clients who continue to trust your craftsmanship and designs.
  • Cabinetry can be done as a standalone pursuit or combined with other woodworking services such as woodworking installation, carpentry, and furniture restoration

Starting a cabinetry business can be the beginning of a fulfilling and profitable entrepreneurial journey. Even so, it would be best to note that cabinetry isn't a low-cost business to start. You'll need specialized woodworking tools and equipment, such as table saws, panel saws, and edgebanders. However, once you have your equipment set up, you can make a solid go of a cabinetry business.

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Examples of successful businesses:

The woodworking business industry is a vibrant and often profitable area. Here is a list of some of the many successful companies in this sector:

  • Powell Woodwork
  • Carpentry Designs Inc.
  • Benjamin's Woodworking
  • Sawyer & Sons Woodworking
  • Royal Woodworking Co.
  • Johnson & Johnson Joinery
  • Wood Artisanal Concepts
  • Crownwood Enterprises
  • Biggs Custom Furniture
  • Matt's Mastercraftsman Woodworks

Wood Carving

Wood carving is the art of creating intricate designs or figures out of wood. This traditional craft has been around for thousands of years, and continues to be a popular hobby and business idea today. Here are some reasons why:

  • Unique and Customizable: Each wood carving is a unique creation, which allows for a lot of room for customization. Customers can request specific designs or even bring in their own ideas, making for a personalized experience.
  • Durable and Long-Lasting: Wood is a durable material that can withstand wear and tear, making it a great choice for home decor or furniture. With proper care, wood carvings can last for generations.
  • Wide Range of Possibilities: From small figurines to life-sized sculptures, there is no limit to the size or complexity of a wood carving. This allows for a wide range of possibilities for both the artist and the customer.
  • Artistic and Cultural Value: Wood carvings have a rich history and cultural significance in many parts of the world. They are often viewed as works of art and can be displayed in museums and galleries.
  • Good Return on Investment: With the increasing demand for unique and artisanal products, wood carvings can make for a profitable business venture. They can be sold at craft fairs, online marketplaces, or even in retail stores.

Overall, wood carving is a versatile and timeless craft that offers many business opportunities. Whether you're a seasoned artist or just starting out, there's no better time to explore this craft and see where it takes you.

Custom Wood Turning

Are you looking for a unique and profitable business idea? Look no further than custom wood turning. Custom wood turning is the art of shaping and carving wood into intricate and personalized designs. This type of woodworking is often used to create one-of-a-kind furniture pieces, decorative bowls, and even intricate trim work.

Why would custom wood turning make a good business idea? Here are a few reasons:

  • High demand: In a world of mass-produced items, many people are looking for unique and personalized pieces of home decor. Custom wood turning provides an opportunity to offer just that.
  • High profit margins: Custom wood turning requires a high level of skill and precision, which means you can charge a premium price for your work.
  • Low start-up costs: With a few basic tools and a passion for woodworking, you can start a custom wood turning business from home without breaking the bank.
  • Flexibility: Whether you want to work part-time or full-time, as a side hustle or as your primary source of income, custom wood turning allows for a great deal of flexibility in terms of how and when you work.

So if you have a passion for woodworking and a desire to create beautiful, unique pieces of art, consider starting your own custom wood turning business.

Wood Product Manufacturing

Wood product manufacturing involves the creation of various products made from wood, including furniture, cabinetry, flooring, and even musical instruments. Starting a wood product manufacturing business can be a lucrative and fulfilling idea for several reasons, including:

  • Strong demand: As the world becomes more eco-conscious, consumers are increasingly seeking out sustainable, natural products. Wood fits this bill perfectly, and the demand for high-quality, handcrafted wood products continues to grow.
  • Versatility: The variety of products that can be created from wood is staggering. From intricate carvings to minimalistic furniture, there's no shortage of opportunities for creativity.
  • Profit potential: With the right equipment and approach, wood product manufacturing can offer a significant profit margin. Repeat business from satisfied customers can also help build a loyal client base.
  • Skill development: Starting a wood product manufacturing business requires a significant amount of skill development, which can be a fulfilling process. It can also be a great opportunity to develop and refine your craft over time.
  • Environmental benefits: As wood is a renewable resource, the production of wood products can be a more sustainable option than other materials such as plastic or metal.

Wood Flooring Installation

Are you considering starting a new business or expanding your current one? Have you ever thought about wood flooring installation? Not only is it a rapidly growing market, but there are many reasons why it makes a great business idea. Let's explore what wood flooring installation is and why it's in demand.

  • Definition: Wood flooring installation entails preparing the subfloor, measuring and cutting the wood, adhering it to the subfloor, and sanding and staining the finished product.
  • Increased popularity: Over the past decade, the demand for wood flooring installation has grown tremendously. Customers are no longer satisfied with carpeted floors, instead, they crave the timeless look and feel of wood flooring.
  • Diversity of options: Wood flooring installation is versatile and can be customized to fit any style or design preference. With a variety of wood species, widths, and finishes, the possibilities are endless.
  • High profits: Wood flooring installation can offer high profits as it is a specialized skill that requires expertise. Additionally, customers are willing to pay a premium for quality workmanship and materials.
  • Sustainable materials: As society becomes more environmentally conscious, wood flooring installation provides a sustainable option. Many manufacturers now use environmentally friendly materials, such as bamboo and reclaimed wood, that are renewable and biodegradable.

With increased popularity and versatility, wood flooring installation provides a promising business opportunity that can offer high profits and leave a sustainable impact on the environment. Consider taking advantage of this growing market and bring your woodworking skills to the next level.

Wood Finishing

Wood finishing is the final step in any woodworking project, and it is essential to protect and enhance the natural beauty of the wood. From enhancing the wood's color to protecting it from moisture damage, wood finishing is a crucial part of the woodworking process.

If you're an entrepreneur interested in starting a business, wood finishing is a great idea because it has a high demand, and you can make a good profit with the right skills and tools. The industry is vast, and it includes a wide range of products that cater to different woodworking projects.

Here are some reasons why starting a wood finishing business would make a great venture:

  • High demand: Woodworking is a popular hobby, and many homeowners prefer the natural look of wood in their homes. However, wood can quickly deteriorate if not adequately protected with proper finishing.
  • Great profit margins: Professional wood finishing can be expensive, and many people are willing to pay a premium for quality finishing work.
  • Wide range of finishing options: There is no one-size-fits-all when it comes to wood finishing. Depending on the wood type, application, and desired outcome, there are many different products and techniques that can be used.
  • Opportunities for creativity: Wood finishing allows for artistic expression and customization. There is an opportunity to create unique finishes that set your business apart from competitors.
  • Diverse target market: From woodworking hobbyists to contractors and furniture makers, wood finishing is a skill that can be used in a variety of industries and markets.

In conclusion, a wood finishing business is an excellent idea for entrepreneurs who are skilled in the craft and interested in pursuing a profitable venture. With a high demand for quality wood finishing and a diverse market, there are plenty of opportunities to stand out and build a successful business.

Wood Engraving

Have you ever heard of wood engraving? It’s a fascinating art form that involves carving a design into a block of wood and then printing the design onto paper or fabric. Unlike wood carving, which involves removing layers of wood to create a three-dimensional object, wood engraving is all about creating intricate designs with extremely fine lines.

But why would wood engraving make a good business idea? Here are a few reasons:

  • It’s a unique and niche market: Wood engraving is not a common art form, which makes it a great opportunity to stand out in a crowded market.
  • It has many different applications: Wood engravings can be used for a variety of products, including stationery, book illustrations, fabric prints, and even jewelry.
  • It’s a sustainable and eco-friendly option: Wood is a renewable resource, and using it for art and design purposes can be a great way to promote sustainability.
  • It’s a timeless art form: Wood engravings have been around for hundreds of years, and they still have a classic and timeless feel to them.
  • It can be a lucrative business: Depending on the quality and intricacy of the design, wood engravings can fetch high prices, making it a great business opportunity for skilled artists.

Overall, wood engraving is a unique and niche market that has a lot of potential for those with artistic talent and an entrepreneurial spirit. If you’re looking for a new business idea, it’s definitely worth exploring further!

Toy Making

Are you looking for a business idea that's both fun and profitable? Look no further than toy making! Toy making is the process of creating unique and fun toys for children of all ages, from stuffed animals to building blocks and beyond. Not only is toy making a great way to tap into your creativity, it can also be a lucrative business opportunity with a wide customer base.

  • Toy making is a timeless industry that has been around for generations.
  • As the toy market evolves, there is always room for innovation and new ideas.
  • Parents are always looking for new and engaging toys to bring home to their children.
  • With the rise of e-commerce, selling toys online has never been easier.
  • Custom-made and handcrafted toys can fetch a premium price point, making it a high margin business.

In addition to the financial benefits of toy making, it's also a fulfilling business and allows you to bring joy to children's lives. Whether you're creating educational toys or whimsical stuffed animals, you have the opportunity to make a positive impact on the world through your business.

So if you're an artist or craftsperson with a love for toys, or someone looking to start a new business venture, consider toy making as a viable and exciting opportunity.

Picture Frame Making

Picture framing is an art that involves creating bespoke frames for photographs, artwork, and even mirrors. It can be a profitable business as it has a significant demand among both residential and commercial clients. Here are some of the reasons why starting a picture framing business might be a good idea:

  • High-profit margins: The profit margins for picture framing businesses can be quite high, ranging from 50 to 500 percent or more.
  • Repeat business: Picture framing business owners often develop long-term relationships with clients as many customers return to have their new artwork or photos framed. This recurring business helps to create a stable income stream.
  • Low initial investment: Starting a picture framing business involves relatively low initial investment costs compared to other small business ventures. You will need framing equipment, supplies, and a workspace, but you can get started with an affordable budget.
  • Flexibility: As a picture framing business owner, you'll have the flexibility to work from home if you prefer, make your own work schedule and work with clients on your own terms.
  • Creative outlet: Picture framing can be an art that fosters creativity and allows you to refine your talents.
  • Huge market: The art industry continues to grow, and the market for custom picture frames is significant. You can cater to various clientele, including art galleries, photographers, and homes.

Starting a picture framing business can be an exciting opportunity that taps into your creativity and generates a steady income. So, if you're considering a new venture, perhaps picture framing could be the answer.


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I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.