In the last couple of posts, we touched upon some of the basics of running a scrap metal business. This included an introduction to scrap metal business, how to get started with it, some of the places you can find scrap metals and online resources of scrap metal prices. In this post, we will take this wide topic of ‘How to start and run a successful scrap metal dealer business’ and further narrow it down to how you can sell the scrap metal that you have collected so far, and make money.
So you’ve finally decided that you will venture into scrap metal recycling and dealership business, and have done some basic research on how to get started with it. What next? The next step is to analyze the places you will be able to find scrap metals and other potential material that can be turned into revenue.
This should not be of concern to anyone who has intended to venture into the business of collecting scrap metal and making money out of them because scrap metal collectors and dealers are those who are highly conscientious, and see things with a different set of eyes. [Read more…]
The business responsibilities that come with being a Scrap Metal Entrepreneur can be a tall order. Filling that order takes a willingness to work on your entrepreneurial mindset and character. If you’re hungry to advance your entrepreneurial know-how, look no further than any other field successful entrepreneurs. [Read more…]
Scrapping metals could be a profitable full time or side business, which when ventured into, offers tremendous financial rewards. However, it is one of the opportunities that people fail to realize, utilize and reap the benefits of.
Successful scrap metals collectors and dealers are very distinct from other people in the world. They do not see things in the same way as others do. In fact, they have a different set of eyes; they have the ability to see potential revenue in everything that others view as mere waste. They have the skill to earn money and make a living out of rubbish and other material that people think is useless. [Read more…]
As part of the education needed to develop a scrap metal business, material knowledge is absolutely a must. Before you go to the scrap yard or post an auction, you must first identify the type or types of metal you have. This can be easy or hard, depending on what exactly you have. You will make the most money by knowing and understanding exactly what you have and what it is worth from the start. The longer you scrap metal, the easier and more quickly it will be for you to identify different metals. Don’t be frustrated if it seems boring to learn a bit of metallurgy, as a good business man, you should develop expertise at 360° in your field.