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How to Build Furniture for Money

How to Build Furniture for Money. Turn your weekend hobby into a second income. You may have started out as a "weekend carpenter" building furniture for fun. Once your skills are up to par, try your hand at building furniture for money. There is a lucrative market for handmade furniture. If you have the time, tools and talent, it's a worthy investment that reaps a favorable return.

Instructions

    • 1

      Determine your area of specialty. Choose from building tables, chairs, toy chests or picnic tables. Narrow it down to one or two items to start.

    • 2

      Calculate the time and cost. Figure out how much one item costs to build. Divide it by the amount of time it took to complete the item. Generate a price for the merchandise that compensates you appropriately.

    • 3

      Schedule time to build furniture according to your current obligations and leisure time. Keep to your schedule. Create inventory to have on hand to start your furniture business. Remember the rule of supply and demand. Only create a couple of additional pieces.

    • 4

      Design business cards, a company name and flyers to advertise your business. Place a classified advertisement in your community newspaper. Consider visiting your local office supply copy center as an alternative to doing it yourself.

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      Maintain accurate records of sales for tax purposes. Obtain all required licenses and permits for your business. Open a second bank account for income you earn selling your merchandise.

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      Participate in craft shows, flea markets and bazaars. Donate an item to a local hospital or charitable event to display your work for a good cause.

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      Subscribe to specialty magazines and newsletters for tips, advice and resources to market your business.