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"Carpentry Business": How to Get Started

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Wood-based furniture is everlasting with long-term value and is still the main choice nowadays. That means, there's no shortage of demands for carpenters.

However, you will need to have experience and the necessary skills before you can start engaging with clients as a professional carpenter, creating an entry barrier for the business.

Getting experience wouldn't be that hard, as there are numerous resources as well as apprenticeship programs available, but it can be a time-consuming process. However, once you got the necessary skills, experience, and possibly certification, you can start a sustainable business with long-term earning potential.

If you think it's worth investing in, and you have the passion for the business, read along, we have a few tips to help you along the way.

1. Getting an Apprenticeship
Most states in the U.S. have an Apprenticeship Coordinator Association, which can help arrange your apprenticeships. If such an option is not available, you can try to find a local carpenters union. If you have a local carpenter available, you might try approaching them yourself.

2. Startup Cost
Most of the needed investment will go to carpentry equipment such as different kinds of saws (table saw, compound miter saw, radial arm saw, etc.), planner, dust-collector, and planner among others. Depending on brand and quality, these pieces of equipment can cost you around $10,000-$50,000. Second-hand pieces of equipment are also an option, and can reduce your startup investment provided you got them in good conditions.

3. Licenses, Permit and Certification
A certification is not required by law in most locations, however, getting certified can certainly increase your credibility and marketability. Consult your local authorities for information regarding required permit and license, as it may vary with locations.

4. Marketing
Traditional marketing will work better with this kind of business, such as giving out flyers and brochures. Many apps and on-demand platform are available to promote your business as well as networking with potential clients, however, there's no clear market leader yet as this article is written, so you can research and try all of them.

Repeat customers are often in this industry, so make sure you deliver the best for each and every client. Their recommendation and repeat business will matter a lot.

5. Pricing and Monetization
Being a price-sensitive industry, make sure you do enough research surrounding the current market condition to determine your pricing, as the standard may vary with each location. Carpenters usually charge by the hour. However, you can also take profits from the difference between wholesale and retail material price, which you can negotiate with wood vendors and suppliers.

Earning Potential

The U.S. national average salary for a carpenter is above $19 per hour, which is one of the highest across industries. This number translates to around $40,000 median annual salary. Being an independent carpenter, you can earn much higher than the average number, and can make as high as $75,000 annually.

An expansion is also a possibility in this business, as you can then expand to be a full-scale contractor handling not just carpentry, but other materials. Building reputation will be the key to success in this business, as well as networking.