Starting and running a successful scrap metal dealership business is not as easy as it is perceived to be. It requires a lot efforts to run and establish a scrap metal business and you need to be constantly updated about the prices of scrap metals that can be sold in the market. However, the good thing in running a metal scrap dealership business is that it is a business venture that requires minimum investment. In simple words, it is a business that allows you to make money out of nothing, and that which is considered waste. All that a person needs to have is a set of different eyes that will allow him to identify different kinds of metals, and identify the potential value of whatever you come across as waste. If you have such skills, your business is bound to grow and you are likely to make more profit.
In the last post we saw how to get started with a scrap metal business, some basic information about it and the common places to find scrap metal that can be sold in the market. Here, we will go a little deep into the expanse of how to start and run a successful scrap metal dealership business and see some of the common scrap items or scrap metals we come across in our everyday life. We will also see how to identify such scrap items that others regard as unusable, and how to turn them into revenue generating sources.
Common Scrap Metals and Scrap Items
There are many things that lie around us that pass off as just waste and insignificant. However, only a few people, like us, know the importance and real value of what is passed off as waste, invaluable and worthless. Things that are the least significant sometimes turn out to be the ones that rewards us the highest,financially. In this post, we will see some such scrap metals and items that are commonly available, and can be sold in the market for cash. We will see some household appliances and items, computer and electronic wastes, and others which can be scraped. We will also go through some instructions on whether to sell them as such or scrap them. Check them out below.
Scrap You can find in Your Home
We have mentioned in one of the previous posts that if charity begins at home, collecting scrap metals begins at home as well. As a scrap metal business owner, you should make it a point to not throw away something you don’t want if its metal. If you begin scavenging your house patiently, we are quite sure that you will be able to find many valuable scrap metals and items that you can sell for cash. For this, all you have to do is set aside a place in your home to accumulate scrap metals that you find just in your house. As time passes, you will be surprised to see the amount of metal you have accumulated over time. As far as household trash is concerned, one such waste that accumulates is soda cans. Soda cans are made of aluminum, and if you have the habit of drinking canned beverages, we are quite sure you can make good cash. Approximately, thirty four soda cans or other kinds of beverage cans make a pound. So, if you are sure of how much the scrapyard will pay for a pound, you can collect them accordingly.
Besides beverage cans, some scrapyards even accept food cans for cash. If the scrapyard you have liaised with is willing to accept food cans, you can easily compile and sell them. However, there are some scrapyards that do not accept food cans or have certain conditions such as the cans should flattened, or should not have leftover food and more. Contact the scrapyard and enquire about their policies regarding cans. Apart from this, you should even collect small things that you feel are insignificant in this business such as, nails, screws, batteries, paint cans, and others. All these may appear to be little in terms of quantity; however, as you keep adding them you will be surprised to realize their value when they are given to the scrapyard.
One of the growing concerns in today’s environment is the accumulation of e-waste or otherwise known as electronic waste. In simple words, this is a term we use to describe things that come out of electronic items and pass off as waste or junk. Generally, computers and laptops components come under e-waste, and peripherals like hard drives, RAM, cabins, screws, CPUs, motherboards and others. Motherboards contain goldfingers, and attract a decent amount in the market. These goldfingers can be found in equipment like flat televisions and monitors as well. Monitors are easy to dismantle and contain several valuable components like capacitors, circuit boards, copper yokes and more. If you decide to break them down, you will be able to find metals like scrap brass, scrap copper and others. Compile whatever electronic waste that you come across and sell them for higher monetary benefits.
Other Home Appliances
Home is where valuable trash is. Some of the other worthy scrap metals that you will be able to find in your home ,in the form of household appliances like dishwashers, refrigerators, and others, include scrap steel, scrap brass and more. Many of the appliances that you can find in the house can be dismantled, and scraped to remove any valuable metals that you encounter. Remove any copper coil, nickel, steel and brass that you find in heating elements, capacitors, utensils and others and sell them at the scrap metal prices specified by your scrapyard.
As scrap metal dealers you should remember that you are not working towards making profit but contributing towards the welfare of the environment as well. You form the first layer of scrap metal recycling chain, and it is because of you that junk and other waste are getting turned into something useful. So, keep collecting scrap metals, compile them, sell them for cash and take your business to a whole new level this year.