What do I make? What do I sell?
In other words what wood projects will sell the most and make a great profit for you.
There may or may not be an easy answer to this. If you already have a woodworking craft you are passionate about, then that’s great. All you need to do is a little market research to figure out whether others love it as much as you do.
You do not have to go very far and wide to do some primary market research. Start with your family and friends who will give you a fair and honest opinion.
But what if…. you knew exactly what wood crafts to make and sell because they have a proven track record of being best sellers for decades? This is just the kind of advantage you have right now.
There was a time when toys made out of wood were the common thing. These days in most markets they have become a novelty. You only have to ask around to realise the premium, crazy prices being charged by stores for wooden toys for children. Wooden toys are a hot selling category for many reasons.
They are considered a novelty, safer than toys made from other materials and they usually last a very long time. The result is that parents and everybody is ready to pay top dollar to buy even the simplest of wooden toys as long as they are well made from quality wood. Since this is an item for children, you should take extra care to make the tie safe, sturdy and durable. Do not compromise on the materials you use. Use only the best.