Unfortunately not from woodworking yet, but I’m hopeful. I have some rental income, some savings, and I still do some consulting a few months out of the year.
Dining tables seem to be the best margins, but I don’t have enough work to do commissions, so I’m going out of pocket to build on spec. The good news is a lot of high end furniture is very simple. I good sense of design goes a long way.
Most people end up doing carpentry/subcontracting to make ends meet. If you make very artistic or high concept pieces and can develop a following, that's a good way to make much better margins. A bit like selling paintings.
