How to make money reselling scrap metal?

Multiplying income-generating activities puts butter in the spinach. They promote savings, the savings made contribute to the preparation of your future , especially in this time of crisis. The sale of scrap has exploded in recent months. This ecological approach is accessible to all, follow the guide.

Several everyday objects contain iron or its many variations. People get rid of them when they are faulty or when they have bought a new model . Frequent waste includes household appliances, furniture, pipes, tubes, computer equipment, metal shelves, sheets, radiators, cables and even tools.

Start with a short reconnaissance to assess the stock available. Some people are content to leave their scrap metal in the street while others throw it in the bins provided for this purpose.

Shipyards are an important source of supply. Your offer will delight entrepreneurs, they will no longer have to manage waste and can focus on the essentials.

You can also post an ad on specialized sites and social networks to assess the market.

A sorted product costs more. Scrap is sold or kilo, it must be separated from non-ferrous metals such as copper, zinc and aluminum.

Items such as cables and enclosures are valued best when separated from the rest. Dismantling a microwave oven is therefore more interesting than selling it by the kilo.

For information, the price of cast iron per kilo is 30 cents, 100 kg of scrap metal costs less than 50 euros while a kilogram of copper is worth 8 euros. Stripping the cables is then recommended if you have collected a large batch.

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Always wear appropriate protection during handling.

The scrap dealers specify the minimum quantity . You will know if you would reach this threshold or not after your preliminary study.

There are many recycling centers. Even though the price follows international trends, there may be a slight difference between players. As the transactions are for a large amount, the spread will be huge.

In addition, some professionals set up collection points to save you long trips.

The sale of scrap brings an interesting profit . However, the recovery generates costs, especially if you have to store the goods before reselling them. Transportation is also included in your expenses. Take the time to prepare a detailed budget to avoid unpleasant surprises.

The sustainability of an activity requires continuous improvement . You identify the steps to improve through regular evaluation. You analyze the entire process : prospecting, collection, recovery, sorting and marketing.

If business is booming, you can expand your area of operation or hire a few people to help out.

Finally, if you are good with your hands, a small repair will increase the price of an item on the Internet or at flea markets. You win on both counts .