How to Make 6 Figures as a Carpenter? (28 Best Ways in 2024)
So you want to make six figures as a carpenter? Good for you! Being a carpenter is a highly respectable and well-paid profession, and there's no reason why you can't earn a high income if you put your mind to it.
In this blog post, we'll look at some of the best ways to make more money as a carpenter - business ideas you can start to achieve such income. Keep reading to learn more!
1. Start a home winter weatherproofing business
The bitterly cold winter months force homeowners to use a house heater constantly. With the skyrocketing energy prices, using an electric heater may be unsustainable for many families. Winter weatherproofing helps lower monthly utility bills by ensuring minimal heat loss during winter.
Homeowners are willing to pay top prices to make their homes weatherproof. If you are interested in home improvement, starting a winter weatherproofing business today could be a step in the right direction.
2. Start a hardwood floor refinishing business
How much you can make: $20,000/month
3. Start an affiliate marketing business ($298K/month)
Are you looking for a side hustle to pay you a passive income? Affiliate marketing is one of those side hustles that will pay you well over the long term. It is a way to earn money online by promoting other companies' products and services. You will be paid a commission for each sale you make as an affiliate marketer.
To get started, learn how to find the right product and brand to partner with. For example, you may prefer becoming an affiliate marketer for an eCommerce store, partnering with a manufacturer, and marketing their products for a commission.
How much you can make: $500 — $773,000/month
How much does it cost to start: $500 (?)
How long does it take to build: 55 days (?)
4. Start a decorative wood business
Laser engraving on wood provides a precise, accurate way of creating patterns, shapes, and designs.
The laser precision helps artists achieve a clean cut and smooth finish on the wooden surfaces. Whether working with hardwoods, veneers, plywood, or cherry, you can use laser cutting technology to engrave amazingly intricate images.
5. Become an affiliate marketer
An affiliate marketer business is a venture where you promote other companies' products or services and earn a commission for every sale made through your referral.
It's a low-cost business idea because you don't need to create or own the products yourself. Instead, you use your marketing skills to drive traffic and sales to the products of other businesses.
To start, you'll need to sign up for affiliate programs offered by companies in your chosen niche.
Once approved, you'll receive unique tracking links that help the company identify sales generated through your efforts, allowing you to earn a commission for each successful referral.
This business model requires minimal upfront investment, making it an accessible option for those looking to start a business on a budget.
How much you can make: $18,000 — $75,000/month
How much does it cost to start: $100 (?)
How long does it take to build: 150 days (?)
6. Start an outdoor advertisement business
Businesses rely on visibility to attract customers. Thus, these businesses pay advertising agencies for a billboard in strategic locations. If you have idle or vacant land, you can start an advertising agency and earn money by offering businesses some advertising space.
The type of outdoor advertising includes billboards and signage posted on the roadside.
How much you can make: $20,000 — $50,000/month
How long does it take to build: 248 days (?)
7. Start a stock video business ($10K/month)
Stock video is pre-filmed footage that can be purchased and used in various projects and films. Like stock photos, copyrighted stock videos cannot be used without permission and licensing from the rightful owner.
Businesses and filmmakers use licensed stock footage as they save money and hours, they would need to create original footage. Starting a stock video suitable for use in commercials and entertainment can be a great venture.
How much you can make: $10,000/month
How long does it take to build: 197 days (?)
8. Start a private tutor business
How much you can make: $300,000/month
How long does it take to build: 1200 days (?)
9. Start a home improvement service kiosk business
Do you have a passion for home improvement? You can start a space improvement kiosk that sells various décor products for either office or residential spaces. Setting up a home improvement kiosk at the strip mall will allow you to speak with customers and show them samples of your products.
To start a home improvement kiosk, find an ideal location, probably within busy streets. Ensure unique space décor to attract many customers to your business.
10. Start a website development business ($4.8K/month)
Website developers create websites for their clients. as a website developer, your responsibility is to ensure a website is visually appealing and easy to navigate. Web developers also focus on improving the website’s performance and capacity.
To become a website developer, learn different web programming languages. Your customers can be eCommerce business owners or brick-and-mortar businesses looking to have an online presence.
How much you can make: $200 — $350,000/month
How much does it cost to start: $1,750 (?)
How long does it take to build: 60 days (?)
11. Start a woodworking classes business
How much you can make: $1,000 — $1,600,000/month
How much does it cost to start: $7,500 (?)
How long does it take to build: 365 days (?)
12. Start a youtube video creation business
In today's digital world, YouTube channel has become an essential marketing tool. YouTube is the top video marketing platform for brands looking for paid and organic growth through video content. Businesses hire video creators to help them record, edit and upload YouTube videos.
Are you a videographer with an interest in YouTube marketing? Consider starting a YouTube video creation business.
To start your business, register a brand name and create a website and a YouTube channel. Use the YouTube channel and the website to sensitize your target customers on the importance of video marketing.
Potential customers include new and existing startups, individuals, celebrities, and organizations looking to use YouTube video marketing to grow their reach.
How much you can make: $10,000 — $375,000/month
How much does it cost to start: $15 (?)
How long does it take to build: 7 days (?)
13. Start a woodworking supplies business
How much you can make: $1,000/month
How much does it cost to start: $7,500 (?)
How long does it take to build: 365 days (?)
14. Start a real estate business ($381K/month)
Are you a qualified architect with a broad range of knowledge in the real estate field? Starting a real estate business can be a profitable venture.
Real estate involves purchasing, selling, managing, or investing in land and buildings.
To become a successful real estate business owner, you must have finely honed visual awareness and a strong understanding of various building materials and structures.
How much you can make: $5,000 — $1,500,000/month
How long does it take to build: 180 days (?)
15. Start an online course creation business
Starting an online course could be perfect if you want a passive income. Whatever your background, you could start teaching online and earn a passive income.
All you need to start an online course is patience, imagination, and an enabling eLearning platform where you can connect with the relevant audience.
Online courses may take time and require a lot of effort to start selling. However, once your audience finds the content resourceful, they start sharing and recommending it through their network. Remember, creating an online course could take longer than expected, so remain focused and give your best.
How much you can make: $1,666,666/month
16. Start an online video editing business ($4K/month)
Video editors manage camera footage, dialogue, sound effects, graphics, and special effects to produce the final film or video product. To become an online video editor, you must have media production and communication knowledge and the ability to work with others.
To start a video editing business, you can outsource video editing skills from an experienced professional. Your role will be to pick video footage from the customers and upload them for the video editor to do the magic.
How much you can make: $2,000 — $208,000/month
How long does it take to build: 145 days (?)
17. Start an online influencer business ($2K/month)
An online influencer business is a company or service that gets products or services sold through popular online users. It can be a very lucrative form of marketing.
As technology has advanced, more and more influencer businesses are starting to rise. These are people or companies who become famous for being influential on various topics.
More and more companies are investing in online influencer marketing because this channel is successful for new product exposure or for sharing news about a brand through voice-overs on popular online videos. You can work with these online influencers in different ways including the use of affiliate marketing or product embeds with sponsorship.
How much you can make: $2,000 — $50,000/month
How long does it take to build: 295 days (?)
18. Start a house price prediction business
Machine learning and data analysis platforms have played a key role in different use cases. A good example is the application of these modern technologies to develop a house price prediction app.
A house price prediction app is an algorithm that takes various arguments from the market conditions and calculates the approximate prices of a dream home a user wishes to purchase.
The house price prediction apps, often based on a supervised machine learning system, give a predictor trend of house prices over a certain period.
If you are passionate about real estate and developing solutions for this sector, consider creating a price prediction app. To create a good app, you must be proficient in building web-based applications that utilize machine learning and data science.
More business ideas
- 19. Start a plywood manufacturing business
- 20. Start a tree house kits business
- 21. Start a house floor plan business
- 22. Start a cottage houses business
- 23. Start a micro-influencing business
- 24. Open a high-yield savings account
- 25. Start a bamboo firewood business
26. Start a home theater rooms set-up business
The home theater room set-up business is about creating a professional, immersive, and comfortable home theater experience for customers. The business includes installing a projection system, sound system, seating, and other necessary components.
To start this business, you will need knowledge of home theater systems and installation and access to the necessary equipment and materials. You may also need to obtain any required licenses or certifications.
You should be able to provide top-quality service and meet each customer’s unique needs and preferences. Offering quality service may involve working with a team of professionals, such as electricians or audio engineers, to ensure that the installation is done correctly and to the highest standards.
Additionally, it is essential to have excellent customer service skills and the ability to communicate effectively with clients to ensure that they are satisfied with the final result.
How much you can make: $4,000,000/month
More business ideas
- 27. Start a micro-lending business
- 28. Start a wood furniture refinishing business
Frequently asked questions
Can you make 6 figures as a carpenter?
Yes, you can earn 6 figures a year as a carpenter. The easiest way to achieve this income is to start your own business and be your own boss. You can choose one of the ideas from our list.
How to make 6 figures as a carpenter?
Do you want to make six figures as a carpenter? It's not impossible, but it will take some effort. Here are a few tips to help you get started.
First, focus on developing your skills and becoming an expert in your field.
Next, find ways how you can use your skills to work for yourself or do some side hustle. You can use the list above.
Finally, think outside the box and explore new opportunities for earning more money. With hard work and determination, you can achieve anything.
Conclusion
If you are a carpenter, there is no reason why you cannot make six figures. It will require hard work and dedication, but it is possible.
Consider the business ideas we’ve outlined in this post and get started on your journey to becoming a high-earning carpenter today.
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- 4,818 founder case studies
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- 8,628 business ideas
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
