How to Make Money with Scrap Metal Recycling: A Beginner's Guide
Metals are used in the manufacturing process of various goods and appliances.
This, combined with the fact that lately, people are more inclined to recycle the items they no longer need, than simply throwing them away creates great opportunities for those interested in starting their own scrap business.
But how exactly does it work? Well, there are two main sources of income one may count on. It’s a rather simple business model, your first step should be to look for the opportunities to acquire scrap. There are even people, and companies, willing to pay for someone to get rid of such things for them. So all you have to do is set a date for the scrap metal pick up and sort through the materials you get before selling them. Here comes the second money-making part – the moment of selling scrap. Scrap metal prices in London and other places can vary, so you need to find the perfect moment to sell. Once you get everything ready, you can even arrange scrap metal collection from your own address by your local scrap yard. Scrap metal recycling in London, but even in smaller cities as well, can be very beneficial but you have to be prepared to put in some work and time before seeing any profits.
WHERE CAN YOU FIND SCRAP METAL?
Repair shops
Every repair shop has storage full of spare parts. Some of them are kept because they can be useful in the future. The others are there simply because there’s nothing better to do with them. It may be a good idea to visit such places in your area and ask whether they have anything for you to collect. Many businesses will be more than happy to get rid of unwanted things for free.
Construction sites
Usually, there will be a lot of rubbish left after a renovation, and there’s a chance that at least some of it is made of metal. It may also be a very good idea to make a deal with a local building company to schedule regular scrap metal collection. This way, they won’t have to bother with rubbish removal on their own, and you’ll be able to earn more money.
Rubbish collection
When people want to get rid of bigger household appliances like fridges, washing machines and so on, they usually leave them on the street to be picked up during the rubbish collection. If you keep up with the rubbish removal schedule, you’ll be able to pick such items up on your own. It’s also good to check online ads to find people in your area who are trying to sell or give away such items.
COMMON QUESTIONS:
What are the best things to scrap for money?
House appliances are definitely high on the list. Mostly because they are quite easy to come by and contain ferrous metals that scrap yards will be more than happy to buy. But you’ll be able to get a very good price for non-ferrous metals like aluminium and copper as well, so collecting items like cans or tubing is a very good idea.
How much is scrap metal worth per pound?
The answer to this question can be quite complicated. That’s because the prices are not set in stone, and they will change depending on the current market demand. It’s also worth keeping in mind that some types of metals can be worth a lot more than the others.
What scrap metal is worth the most money?
Non-ferrous metals can generally be sold at a much better price than the ferrous ones. So if you have some copper, brass or aluminium at hand, you can get a good amount of money for it.
