This is what I wanted to do most all my life, and was finally able to do it a
couple of years ago, but only by retiring with an independant income. It's
really tough to make a living at woodworking, because so many people are
willing to do it for nothing.
The only way I have seen that you can do it is to find a special niche market,
and specialize in that. Something like home entertainment system cabinets or
commercial restaurant interiors. Unfortunately the projects you mention are
being imported from Asia and sold in discount stores for less than you can by
the wood for. And no, most people don't know or care about the quality, they
just see price.
Something to do is to go around to craft shows and look at what others are
making and selling. Most people on the circuit make cheap "country" items, and
they sell well. But if you investigate you will find it takes a lot of hours,
and you earn close to minimum wage.
You can check out some high end galleries and find some beautiful work at
decent prices. But if you check back in 6 months you will find the same items
still sitting there waiting for a buyer.
I don't mean to throw cold water on your dreams, but if it was easy and
profitable there would be about 50 million professional woodworkers in this
>I am thinking of turning my hobby of woodworking into a small part time
business hoping for it to someday go full time. I have some great plans for
planters, step stools, cradles, shelves and so on...