Robert,
As far as how profitable knife maker can be some days.
The joke is.
As a knife maker what would you do if you won the lottery for 2 million bucks?
Well, I would just keep making knives until all of the money was gone!
You got me on that one. I'm still chuckling!
In my business ( remodel/rehab/repair ) we have a bit of different slant.
"How do a make a small fortune in the contracting business?"
"Start out with a large one!"
Like a lot of businesses, the recession we have is hard on folks like me that sell high priced items that folks want, but don't need. I do a lot or repairs and big ticket maintenance items these days, but I am down to a couple of bathrooms and a couple of kitchens remodels a year. Tough sleddin' in this industry, no doubt. But... I am making it, and almost none of my fellow contractors in my line of work have.
When I catch a post here and there about a guy that is going full time into knife making, I know they must have a working spouse with a good job, come from money, or have no idea what they are in for (kind of like contracting!). Every time I go to a gun show here in S. Texas someone is trying their hand at it. ALL are hobby guys, diluting the market in their quest for a little extra money to pay their bills.
The whole knife market as well as the needed skill sets changed when knives started selling with out guards and without pommels. Simple pieces of shaped materials glued/pinned to a blade was good enough, and that has become a great deal of the market. Cutting, shaping, fitting and soldering a guard is an entire skill in itself! One time I listened to three knife makers at a show working through their processes with one another, each was different, and each admitted they were hit and miss when it came to soldering. Pinning a pommel wasn't big for them, and one guy even said he threaded the tang and screwed his pommels on so there was no pin to worry about.
Living with Short, Ruple and other like him within a 30 minute drive from my house, we used to see all those guys at shows about 25, 30 years ago on a regular basis as knife makers were a rare breed. Now it seems (just like anyone with a hammer and saw is a contractor!) that knife makers are everywhere.
Like I said, a great hobby, but I wouldn't want to support my family with it. Unless I win the lottery...
Robert