If you’re thinking about checking out Wood Profits, you’ve probably seen their website and the big claims they make about helping you start your own woodworking business and earning a decent income of $90k-$150k per year. Sounds pretty tempting, right? But before you jump in, let’s talk about the elephant in the room: is Wood Profits a scam?
Let’s face it, there are tons of online systems out there that promise to make you rich without you having to lift a finger. They lure you in with the promise of a free start, only to demand a ton of money later on without delivering on any of their promises. So it’s understandable to be cautious when it comes to Wood Profits.
In this review, we’ll dive into what Wood Profits actually is, how it works, and most importantly, whether or not it’s worth your time and money. And at the end of the article, I’ll even give you an alternative option that’s worked for me in creating a full-time passive income. So sit tight, and let’s get into it!
Wood Profits Review – Key Takeaways
- Product Name: Wood Profits
- Website: https://www.woodprofits.com/
- Special Offer: Get A Special Offer Here
- Overall Rank: 2/5
- Pros: Various formats available; small workshop friendly; secrets of marketing
- Cons: Fake testimonials; lack of support; fake picture of Jim Morgan
- Verdict A program that is only suitable for people who’re interested in woodmaking.
- Best Alternative: An All-in-One Platform to Make Passive Income Online
In this Wood Profits review, I’m going to cover the following topics.
Table of Contents
- What is Wood Profits?
- Who is Jim Morgan?
- What’s inside Wood Profits?
- Wood Profits Summary
- What is Woodworking?
- Can Wood Profits help you make money?
- Who is Wood Profits for?
- How much does Wood Profits cost?
- Are Wood Profits reviews real?
- Praise for Wood Profits
- Criticism of Wood Profits
- Is Wood Profits a scam or legit?
- Is there a better way to make money online?
What is Wood Profits?
Jim Morgan’s Wood Profits is a digital and physical book will teach you how to start your own woodworking business with little to no start-up capital or equipment and only 20 hours of weekly work. And the best part? You don’t even need previous woodworking experience!
With Wood Profits, you will receive a 53-page guide that covers everything you need to know to start selling your wood projects online. The guide comes with an audio version, making it easy to listen and learn while you work.
You will learn how to set up your workshop, perfect your woodworking skills, and acquire business skills that will help you succeed as an entrepreneur.
Wood Profits focuses on three main aspects to help you create a successful workshop and a solid foundation for your business:
- Teaching you the craft of woodworking.
- Helping you get your workshop just right.
- Providing you with essential business skills.
If you’re ready to turn your woodworking hobby into a business, then Wood Profits might be the perfect guide for you.
Who is Jim Morgan?
According to the sales page, Jim Morgan is a full-time home-based carpentry entrepreneur who has been in the business for over 22 years. He claims that his program can help you make $90,000-150,000 per year with just a $100 startup cost.
However, there’s one problem: Jim Morgan is not a real person. The name is a fake, and the photo on the sales page is just a stock image. This has led many people to believe that Wood Profits is a scam.
When you visit the Wood Profits website, you’ll see photos of a man who is supposed to be Jim working in his woodshop. However, upon closer examination, it’s clear that these photos are not all of the same person. It’s possible that the creator of Wood Profits simply grabbed whatever images he could find online.
The fact that the creator of Wood Profits is hiding behind a fake name and image is definitely cause for concern. It’s important to be wary of any program that promises to make you a lot of money with little effort or investment. If you’re interested in woodworking as a business, it’s always best to do your research and find legitimate resources and mentors.
What’s inside Wood Profits?
The Wood Profits program is an ebook in PDF format, consisting of 53 pages, that you can easily download. Additionally, you can also access Mp3 audio files and a bonus section on Etsy. Let’s dive into the different features of the book.
Over 600 Carpentry Plans at a Reasonable Price
One of the main advantages of this program is that you get access to more than 600 great woodworking plans. The best part? You can get any premium business template for just $8. Apart from the primary product, there are additional plans that you can try depending on your needs. There are three premium services on offer – Upsell 1, 2, and 3.
Upsell 1: VIP Upgrade Package
For just $29, you can access the VIP upgrade package, which includes 125 pdf articles and direct coaching from the author, Jim Morgan. You can also get your hands on more than 150 premium furniture plans and around 1000 documents that can be downloaded from their website.
Upsell 2: Wood Profits Push-Up
If you opt for Upsell 2, you will receive a 120-page eBook on traditional furnishings, along with guidance on maintenance and selling techniques. You’ll also get an illustrated 156-page eBook on wood joinery techniques and another 141-page eBook on woodwork finishing procedures and techniques. Additionally, you will receive a $39 discount voucher.
Upsell 3: Woodworking Magazines and Documents
This package provides you with access to all the latest woodworking magazines and documents. These are updated regularly, so you can be assured of getting the latest information. You can access these magazines and documents for a lifetime by paying only $49.
Overall, the Wood Profits program is an excellent resource for anyone who wants to learn about woodworking or improve their skills. With its comprehensive plans and packages, you can take your carpentry skills to the next level.
Wood Profits Summary
If you’re interested in starting a woodworking business but don’t know where to begin, Jim Morgan’s Wood Profits can help you create an overall plan. Below is a summary of each part of the book.
Starting Part: Selecting a Niche and Finding Quality Materials and Workers
The first chapter of the book sets the foundation for the rest of the guide. Jim emphasizes the importance of selecting a niche and understanding your target customers’ demands. Once you’ve identified your niche, finding high-quality materials and competent workers is crucial for success.
Craft Characteristics: Understanding Your Niche
In the second part of the first chapter, Jim introduces seven craft ideas that can help you understand the models, features, and trends of your niche. This section can give you valuable insight into your target market.
Business Plan: Creating a Concrete Plan
In this chapter, Jim provides detailed information about how to start a woodworking business. He emphasizes the importance of having a concrete plan and even includes a mathematical analysis to show you how much money you can make from a small investment.
Setting Your Outlet: Creating Your World
Having a physical location for your business is essential when you start it. In this chapter, Jim goes into detail about how to set up your outlet and attract your initial customers. He also provides some tips on how to decorate your garage showcase.
Money-Saving Strategy: Maximizing Your Profits
Jim advises saving as much of your profit as you can and reinvesting it. This business cycle can help eliminate risks and extra costs. He also discusses how to price your products for maximum profit.
Focus on Your Target Customer: Researching Competitors and Customers’ Demands
In the final chapter, Jim emphasizes the importance of focusing on your target customer. He provides tips on how to research your competitors and understand your customers’ demands. By doing so, you can improve your products and increase your sales.
Overall, Jim Morgan’s Wood Profits is a comprehensive guide to starting your own woodworking business. With his valuable insights and tips, you’ll have a solid foundation to build your business on.
What is Woodworking?
Making products out of wood, such as furniture and home décor, is a great way to showcase your skills and creativity while earning some extra bucks.
To become a full-time woodworker and earn good money, you need to have the right tools and skills. It’s important to invest in high-quality tools that are appropriate for the projects you want to work on. But don’t worry, you don’t need to break the bank. You can start small and gradually build up your toolkit as you gain more experience and take on bigger projects.
Now, here’s a word of caution. There are some systems out there, like Wood Profits, that make bold promises of earning you quick and easy money. But, let’s be real, can a 53-page book really make you an expert in woodworking and help you earn a fortune? Don’t fall for scams that promise to make you rich overnight. Instead, focus on building your skills and reputation as a woodworker.
If you do a good job and create quality products, people will naturally be interested in buying them. Word of mouth is a powerful marketing tool, so don’t underestimate the value of customer satisfaction and good reviews. You can also promote your products on social media, craft fairs, and online marketplaces like Etsy.
In conclusion, woodworking can be a fulfilling hobby and a great way to make money. Just remember to invest in the right tools, build your skills, and focus on creating quality products. And most importantly, stay away from scams that promise to make you rich overnight. To learn more, you can watch the video below:
Can Wood Profits help you make money?
Wood Profits is a program that claims to help you make up to $150,000 per year in carpentry with no experience, expensive equipment, or start-up capital. The program is based on the experiences of Jim Morgan, who is said to have achieved success in the woodworking industry by following the tips and tricks outlined in the program.
However, before you sign up for Wood Profits, it’s important to take a closer look at the claims being made. For example, the program suggests that you can make a 40% profit on an item that sells for $100.00, but you would need to produce 3750 units of that item a year to make $150,000.00. This would mean creating 72 units per week, which is a challenging task even for experienced carpenters with substantial equipment.
It’s also worth noting that the income disclaimer for Wood Profits is quite clear. The program does not guarantee or imply that you will get rich or have any earnings at all. The experiences described in the testimonials are atypical, and your financial results are likely to differ from those described in the program.
In summary, while Wood Profits may provide some helpful tips and tricks for woodworking, it’s important to be realistic about the potential earnings and to approach the program with caution. Making a substantial income in carpentry requires hard work, skill, and dedication, and there are no guarantees of success.
Who is Wood Profits for?
Wood Profits is a program that helps people who love working with their hands and want to start a woodworking business. But who is this program suitable for? Let’s take a closer look.
Many people assume that Wood Profits is only for experienced carpenters who already have their own woodworking shops. While the guide book is designed to boost sales and provide easy instructions, it can be helpful for beginners as well. Even if you don’t have much experience in woodworking, you can still benefit from the program if you’re willing to learn and put in the effort.
If you enjoy working with wood and are interested in starting your own business, then Wood Profits might be a good fit for you. However, it’s important to be patient and committed as it may take some time to get your new business up and running. You should also be willing to hire someone with management skills if needed.
Overall, Wood Profits is a program that can help you start a woodworking business, regardless of your experience level.
If you’re passionate about woodworking and willing to put in the effort, then this program could be a great opportunity for you. Just remember to be patient, committed, and willing to learn.
How much does Wood Profits cost?
The 53-page eBook itself is priced at $37. Not too bad, right?
But wait, there’s more! If you try to leave the page, you’ll be offered a $10 discount, but you have to act fast because the offer expires after just 10 minutes. That brings the price down to $27, which is even better.
If you decide to go for it, you’ll also be presented with three additional guides to choose from. These guides are meant to teach you more techniques to help your woodworking business grow. The prices for these upsells are $29.97, $39, and $49.97, respectively.
So, in total, you could end up spending anywhere from $27 to $87 on the Wood Profits program, depending on whether you take advantage of the discount and which upsells you choose. It’s up to you to decide whether the additional guides are worth the extra cost.
Are Wood Profits reviews real?
Many of the reviews you’ll find online about Wood Profits are fake and created by scammers who are trying to make a quick buck by promoting the program. These fake reviews are often written by fake Facebook profiles, and they’re full of copy and pasted comments that are hard to believe.
In fact, there are very few genuine Wood Profits reviews out there. The company offers a 75% commission to affiliates who promote their product, which is why so many people are trying to get a piece of the pie.
It’s not just the fake reviews that are a cause for concern, either. The YouTube reviews of the program are also suspect, with either no comments or an abundance of spam comments from affiliates trying to promote the product.
While affiliate marketing can be a legitimate business opportunity, the way these people are promoting Wood Profits is dishonest. If the program really could help you earn $150,000 a year, why would they need to use fake testimonials and hide the real owner? It just doesn’t make sense.
So, if you’re thinking about buying Wood Profits, don’t rely on the reviews and pay verifications to make your decision. They can easily be faked. In fact, most success stories you hear about are just made up to get you to part with your money.
Praise for Wood Profits
1. Business in a Box
First up, the Wood Profits program is a “Business in a Box” system that you can run from the comfort of your own home. This program provides you with all the information, plans, and tools you need to start and grow a successful woodworking business. Even if you’re not an expert woodworker, you can learn the skills you need to succeed with this program.
2. Small Workshop Friendly
Another great thing about the Wood Profits program is that you don’t need a huge workshop to get started. Many satisfied customers have built lucrative businesses using nothing more than their small home garages. And the best part? You can get up and running in less than a month!
3. Secrets of Marketing
The Wood Profits program will teach you some powerful secrets about marketing your woodworking business. It’s not enough to create beautiful wood projects – you also need to know how to attract customers and close sales. Jim, the program’s creator, will teach you the right words to use to increase your sales without coming off as pushy. Plus, you’ll learn about the Porcupine Theory, which will help you find customers who are “in heat” for your products.
4. Learn How To Build A Solid Web Presence
Jim’s guide not only teaches you how to create beautiful woodwork, but also how to get your products in front of the right people. With his tips, you’ll learn how to build a website that showcases your products and gets people excited about them. And the best part? You don’t need any technical knowledge to do it! In just one day, you can have a website that looks professional and helps you sell your woodworking products.
Criticism of Wood Profits
1. Fake Testimonials and False Claims
One of the biggest cons of Wood Profits is that the program’s sales page features fake testimonials from people who praise the system, but these testimonials are not genuine.
In fact, the same pictures of people used in the testimonials are also used on other websites to trick people. Additionally, Wood Profits claims to have been featured by big platforms such as CNN and USA Today, but there is no proof of these claims anywhere on the internet.
2. Fake Pictures of Jim Morgan
Another red flag is the pictures of Jim Morgan, the supposed owner of Wood Profits. The website features several pictures of Jim Morgan working on his woodworking projects, but if you look closely, you can tell that every picture shows a different person.
The main picture representing Jim Morgan on the website has also been taken from Google, so it’s unclear who the real owner of Wood Profits is.
3. Making Money with Little Effort is a Lie
Let’s face it, we all want to make money quickly and easily. But unfortunately, this is not possible, especially with online money-making products like Wood Profits.
Despite what the product promises, you can’t just follow a guide and make a lot of money with minimal effort. Don’t fall for the shiny promises of get-rich-quick schemes. The only way to truly succeed is to work hard, be consistent, and patient.
4. No Better Business Bureau (BBB) Accreditation
When it comes to trusting a product, BBB accreditation can be a big factor for many people. While there are legitimate products without BBB accreditation, it’s strange that Wood Profits is being featured on platforms like CNN and Entrepreneur Magazine but is not accredited by the BBB. Additionally, there’s no rating given for this product, which raises even more red flags. In my opinion, Wood Profits is a scam, and I wouldn’t recommend it to anyone.
5. Lack of Support and Training
Finding the support pages was a hassle, and the FAQs weren’t particularly helpful. As for training to sell the book, there was none. While the affiliate page offers links for affiliate marketers, there’s no mention of actual training. It’s disappointing to see such a lack of support for an online product, especially one that claims to help people make money.
Is Wood Profits a scam or legit?
While I wouldn’t necessarily call it a scam, I don’t think it’s worth your money either. In fact, many other Wood Profits reviews out there share the same sentiment.
Wood Profits is a program that claims to teach you how to make money through woodworking. But let’s face it, there are numerous ways to earn a living, and this program is just not worth your time. The people behind this product have been profiting from it for years, and it’s not surprising that they continue to do so.
If you’ve already purchased the program, I suggest you get a refund right away. There are plenty of scammers out there taking advantage of people’s desperation to build their online businesses. Don’t be one of them.
As someone who comes from a family of woodworkers, I can tell you that working with wood is not cheap. You need tools, accessories, and expensive equipment like table saws, planers, and miter boxes, to name a few. And that’s just the beginning. You’ll also need to spend money on maintenance, repairs, and replacements. It all adds up.
Sure, you can make $100,000, but after expenses and taxes, you’ll be lucky to take home $20,000 a year. So, is it worth it? I’ll let you decide.
Another red flag for me is that the real owner of Wood Profits seems to be hiding. I never recommend buying anything from someone who can’t be found. If this is a legitimate offer, why hide?
In conclusion, while I wouldn’t say Wood Profits is a scam, I wouldn’t recommend it either. There are plenty of other legitimate business ideas out there that are worth investing your time and money in. Save your money for something that truly deserves it.
Is there a better way to make money online?
If you really want to make a stable and secure stream of passive income, I would suggest you start an affiliate marketing business online.
Affiliate marketing is perfect for anyone who is new to online business.
In fact, of all the online business models I’ve tried, affiliate marketing is the easiest and most rewarding so far.
In affiliate marketing, you can actually run your business almost with zero cost and achieve a steady and sustainable passive income to pay for your bills. You don’t need any initial capital and can even do it as a side hustle.
And if you really want to learn affiliate marketing and build a business from scratch, I’d recommend you to get started with the most reputable platform for affiliate marketing: Wealthy Affiliate.
Wealthy Affiliate is an all-in-one platform for building your affiliate marketing business from scratch. It offers you a free account (including a free website) with comprehensive training on SEO (free traffic methods), which enables you to get started with affiliate marketing right away without paying a penny.
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Where to Join Wealthy Affiliate?
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