These people have a passion for scrap and are determination to slog out the hard hours, so why not try and turn this passion into a lucrative business venture? If this describes you, you may be wondering how to best go about starting up a scrap recycling company.
Before opening your doors for business, there are three questions that you will need to answer and achieve if you want to succeed:
Where will the scrap be stored?
You will need to source a location that you can either buy or rent for storing your scrap metal. Remember that, whilst you will start off small, you may eventually have a considerable collection so you will need space to account for this.You may want to check out Greenway Metal Recycling, Inc. – Ferrous for more.
How will you ensure that the scrap is secure?
Keep in mind that scrap metal theft is a common occurrence, so you will need to ensure that your location is kept secure at all times, but especially when you are not there.
How will you get scrap?
It is one thing to have a scrap metal recycling company, but it is another to have one that actually has scrap metal to sell. Will you go out and collect the scrap yourself? Or will you buy it from the public or other dealers?
Remember that scrap metal recycling is a dirty job – all sorts of scrap, in all sorts of condition, is going to come through your door and you are going to have to handle it. Firstly, you will need to weigh it in order to know how much to pay the seller, then you will need to move it to the appropriate area of your yard for storage until it is re-sold. If you have any qualms about getting your hands dirty, then this really isn’t the industry for you.
You may like to make your scrap metal recycling company a place where the public can come and buy spare parts for cars, appliances and other sorts of equipment. The easiest way to do this is to declare the yard a ‘self pull sale’, meaning that the public will have to go in, find the part they’re after and remove it from the scrap car or appliance themselves.
Working in the scrap industry could be a highly lucrative business for those who are interested in recycling and reselling metal. As long as you set up the business properly from the very beginning, you can help to ensure its success for years to come.