Yes you can!
What was once a hobby has recently turned into a small business making wooden teethers and rattles. I now sell wholesale to 2 local retailers in Toronto!
http://www.minimioche.com/collections/vendors?q=TOhBaby
It’s not hugely profitable, especially if you consider all of the labour involved in sanding and finishing the toys… but I gotta tell ya, it sure is fun to take an image and turn it into a real thing within a matter of minutes.