How to Make 6 Figures as a Carpenter? (28 Best Ways in 2022)

How to Make 6 Figures as a Carpenter? (28 Best Ways in 2022)

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 Can You Make?
$20,000/month
Skills

Case Study
  • Debbie Gartner is the founder of The Flooring Girl. Since the company's founding in 2016, she has assisted clients in choosing the appropriate colors and optimizing design layouts for floors.

  • Debbie is an expert in online marketing, which includes blogging and content marketing. Through her blogs, she educates customers on the ins and outs of flooring and helped them decide what was best for them.

  • Other than flooring solutions, her website also offers guides and resources on care tips, home decor ideas, carpet and painting trends clean, cleaning tips, and so on.

  • Debbie had won the Angie’s List Super Service Awards for 7 years in a row.

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Read the full story on drewduboff.com ➜

3. Start an affiliate marketing business ($290K/month)

Are you looking for a side hustle that will 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 find the right brand to partner with. You may prefer becoming an affiliate marketer for an eCommerce store or partner with a manufacturer, and market their products for a commission.

How Much Can You Make?
$500 — $500,000/month
Average Initial Investment
$38,575
Skills

Case Study

My name is Spencer Mecham. In 2016 I first heard about an industry called affiliate marketing and in 2017 I founded Buildapreneur, an affiliate business.

my-affiliate-marketing-business-earns-500k-year-profit-no-employees

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

How Much Can You Make?
$40,000 — $75,000/month
Average Initial Investment
$150
Skills

Case Study

Hello! My name is Michelle Schroeder-Gardner, and I run Making Sense of Cents, a personal finance and lifestyle website that helps readers earn more, save more, and live more.

I earn around $100,000 a month from Making Sense of Cents and have made over $5,000,000 from it over the years. Much of it is profit, as my expenses are extremely low. I am the only full-time employee of my business, but I do outsource some work. I have a virtual assistant, an editor, and a technical manager.

how-i-started-a-100k-month-blog-about-personal-finance

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 Can You Make?
$20,000 — $50,000/month
Average Initial Investment
$14,000
Skills

Case Study

Hi everyone! Welcome to my crazy journey! My name is Kressa and I am the inventor of the Shower Toga-The world's first and only waterproof changing garment. And this below is the best picture I have ever taken-lol. People look at me and then look at this photo and say “That’s not you” so I guess the stars were aligned that day. Thank you Mark for inviting me to sit in your chair. So here is my story.

Giving back is very important to me. I have to say that as a small start-up company, giving back, to the extent that we do, is probably not the smartest financial move but I do my best to balance it. My goal is not to get rich. My goal is to grow my company and have security for my family, but more importantly, it is to make a difference in the lives of others. That can be something as simple as giving someone confidence to grab a bite to eat after a long, sweaty beach day or as complicated as helping a migrant child at the border clean up with privacy & dignity in a safe manner.

traveling-in-an-rv-to-promote-our-240k-year-waterproof-changing-garment-as-seen-on-shark-tank

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 Can You Make?
$10,000/month
Average Initial Investment
$25,150
Skills

Case Study

I’m Eduard Stinga, founder of VideoPlasty, a platform for stock animation and GIF images.

Since we launched, more than 600,000 people have visited our platform over the years, with 2020 being our best year so far, the year we finally cleared the first legendary milestone for any startup, registering our first six-figure year with a little over $100k in revenue. And we’re just getting started!

i-built-a-120k-year-stock-animation-and-gif-images-side-hustle

8. Start a private tutor business

How Much Can You Make?
$300,000/month
Skills

Case Study
  • Kat Norton (@miss.excel on Instagram and TikTok) enthusiastically imparts Microsoft Excel knowledge to people, companies, and educational institutions through her line of Excelerator Courses and specialized group training sessions.
  • Kat has over 1 million TikTok followers, which she has used to launch a successful software training company in just two years. After posting her first video in June 2020, she never had to look back.
  • In just 10 days, she gained 200,000 new Instagram followers and currently has 639K followers on the platform.
  • She typically earns between $250,000 and $300,000 per month, and once ,she made $100,000 in just 24 hours.

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Listen to the full podcast on podcasts.apple.com ➜

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 Can You Make?
$200 — $350,000/month
Average Initial Investment
$2,945
Time To Revenue
210 days
Skills
Business model

Case Study

Hi, I'm Scott and I am the founder of Up And Social, a Boston web design and SEO company that specializes in helping small businesses.

Currently, we’re doing over $20,000 in sales each month and continue to grow at a comfortable pace.

how-i-started-a-20k-month-web-design-agency

11. Start a woodworking classes business

How Much Can You Make?
$1,000 — $1,600,000/month
Skills

Case Study

Hello! My name is Zack Hall. I’m a software developer, and I’m the founder of SketchUp For Woodworkers, an online course teaching woodworkers how to use 3D design software. This was a project that grew from scratching my itch. In my spare time, I joined a makerspace near my home in the suburbs of Boston to start woodworking.

Fast-forward and I ended up acquiring an old website and setting out to build the woodworking design tutorials and resources I wish I’d had when I was getting started. After launch, it is currently earning about $1k/month.

i-built-a-12k-year-online-course-tutorials-business-for-woodworkers

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 Can You Make?
$10,000 — $375,000/month
Average Initial Investment
$15
Time To Revenue
300 days
Skills
Business model

Case Study

I work with a group of artists and developers who are making tools for other artists. If you need royalty-free music, video effects, graphics, or sound assets, we’ve got you covered.

ProductionCrate got its reputation from our VFX library, FootageCrate. That’s our flagship product, and where most of our million-plus users first found us. Filmmakers don’t just need one asset, though. As soon as our users realize we have all kinds of production resources, they’re downloading everything they need to make their project awesome.

i-bootstrapped-a-600k-year-video-production-company-10m-downloads

13. Start a woodworking supplies business

How Much Can You Make?
Skills

Case Study

Hello! My name is Zack Hall. I’m a software developer, and I’m the founder of SketchUp For Woodworkers, an online course teaching woodworkers how to use 3D design software. This was a project that grew from scratching my itch. In my spare time, I joined a makerspace near my home in the suburbs of Boston to start woodworking.

Fast-forward and I ended up acquiring an old website and setting out to build the woodworking design tutorials and resources I wish I’d had when I was getting started. After launch, it is currently earning about $1k/month.

i-built-a-12k-year-online-course-tutorials-business-for-woodworkers

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 Can You Make?
$5,000 — $1,500,000/month
Average Initial Investment
$23,933
Skills

Case Study

My name is Cory Lewis, and my company is called T. C. Lewis & Co. We are a real estate investment and management firm operating mainly in the Appalachian mountain region of the Southeastern United States. We are a licensed real estate brokerage in multiple states, and that allows us to identify, project, negotiate, and broker deals for our clients for commercial and investment properties. Following the acquisition, we manage the performance of the investment and/or the improvements to the investment through our Property Management and Construction Divisions. We now represent clients from all over the world investing in the Appalachians.

We now have a small corporate office in downtown Asheville, North Carolina supporting regional offices around the Appalachians. The firm has been named to Inc. magazine’s list of the Fastest Growing Privately Held Companies in America (no. 128), seventh fastest growing real estate company in America, named to the Financial Times inaugural 1000 Fastest Growing Businesses in the Americas list, named Best of Property Management for eight years running, named Community Supporter of the Year, been given the Tennessee Small Business Excellence Award, named Builder of the Year, named One of the 10 Best Brokers in Tennessee, and various other recognitions.

how-i-started-a-500k-month-real-estate-investment-business

15. Start an online course creation business

If you are looking for a passive income, starting an online course could be perfect. Whatever your background, there is something 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 you expect, hence the reason to remain focused and give your best.

How Much Can You Make?
$1,666,666/month
Skills

Case Study

Shaan Patel is the founder and CEO of Prep Expert, a test preparation platform that provides online SAT and ACT prep courses.

He founded the firm from his dorm room eight years ago with just $900 left over from his undergraduate scholarships.

His SAT and ACT prep classes, books, and licensed items have already brought more than $20 million in sales. In 2016, he pitched Prep Expert on ABC's "Shark Tank" and secured an investment from billionaire entrepreneur Mark Cuban.

He spent no money on marketing during the first five years of starting Prep Expert. Despite this, the company's sales doubled yearly based on word-of-mouth marketing.

The SAT prep classes offered by Prep Expert increased the students' SAT scores by hundreds of points. As a result, parents would refer it to other parents, enabling this company to grow quickly and for free.

When he first founded Prep Expert, Patel approached the local TV station about doing a piece on SAT preparation suggestions for parents and kids. He moved from having no clients to having several when the television interview aired.

Patel attributes his entrepreneurial success to self-control and never giving up.

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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 the 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 Can You Make?
$2,000 — $208,000/month
Average Initial Investment
$150,075
Skills

Case Study

Hey, I am Sabba and I am the co-founder of VEED.IO along with my partner in crime Tim. We are a London-based bootstrapped startup. Our web app, VEED, is a simple online video editing platform that allows users to do a bunch of cool stuff like auto subtitle videos, add video effects, add music, trim, rotate videos and much more all in the browser.

We launched just over a year ago, started charging 4 months ago and as of this interview, we are at $5,300 MRR and are just about profitable (Ramen profitable).

how-we-developed-a-6k-month-online-video-editing-software

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 Can You Make?
$2,000 — $50,000/month
Average Initial Investment
$500,000
Skills

Case Study

My name is Brett Owens and I am the Founder and Chief Matchmaker at Afluencer. We match Brands with the best Influencers to promote their products. And likewise, we help Influencers (from Nano to Micro to Mega), Creators, and Ambassadors find “Collabs”, which are paid gigs being offered by Brands.

Here’s an excerpt from our latest influencer newsletter where we talk about the latest pay-per-post opportunities being offered in our app:

i-created-a-two-sided-marketplace-that-helps-brands-find-influencers

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
  • 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.

Pat Walls,  Founder of Starter Story
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Ales Wilk

Hi, I'm Ales. I love creating content that helps people - whether it's through my work as Head of Content at Starter Story or my own portfolio of content sites.