Starting a metal recycling business may be the option you are looking for to improve and boost your economy. You may think that it is a bit complicated when dealing with elements of great value in some cases, but you need to be aware that in this type of business not only gold is traded or traded, but also all the materials that are part of the recycling of “scrap”, for example, copper and other metals that can be extracted from various products or common elements.
How to start my own metal recycling business?
At this point you will learn about 2 different types of processes that you can carry out to recycle metals:
The first is the indirect collection of the material. In the case of individuals or small micro-enterprises, we are talking about collecting small amounts of metals and then proceeding to sell them to larger and more experienced recoverers, who are in charge of classifying, shredding and melting the metals to carry out their purification by applying techniques such as electrolysis, powerful magnetic systems or other types of technologies that in some cases are not very accessible to all metal recyclers.
This is one of the alternatives, of course, it will not be the one that can leave you the most money, because selling the metals in their scrapped state will not leave higher profits. If what you really want is to start your own metal recycling business, you should invest a little more and get the necessary elements such as machines and other shelves that you need. The steps to achieve this are:
Step 1: Get a location and the materials
This point is the most basic, but also the most important. If you decide to consolidate yourself as a material recycling company, you should look for a suitable place with the necessary machines to start “scrapping” or direct recycling. This way you will go to the next level, and be the one who buys the metals from the small recyclers.
Step 2: Start recycling
This point is key in this whole process. After having your own physical company, the necessary machinery and your work staff, you must start recycling. You can do this by searching yourself, and collecting the “junk” from businesses, metal owners, and construction sites. Also, if you want to make everything flow better and faster, you must get safe and responsible sources. You can choose to promote your business, be it with flyers, on the radio or cheaper media such as the local newspaper. You can also build your own website and advertise on online websites, making sure to make your priorities clear: buying and selling metals.
You May Like: How to make money recycling used tires
Step 3 – Identify Potential Buyers
This step is as important as the formation of your business and the purchase of materials. A metal recycling business is not only about selling, in addition to this, it is also important to identify who your potential consumers are, that is, what or how many companies are available and willing to do business with you.
Remember that, in order to buy the “scrap” you must have sufficient funds, obtained from the sale of the metals already purified and passed through a specific process.
Benefits of metal recycling
Apart from the diversion of material from landfills (a great positive environmental impact), one of the biggest benefits is the reduction in energy consumption and the use of other polluting materials, thanks to the decrease in the creation of new metals. virgins For example, if aluminum is recycled, this requires 95% less energy, if we talk about copper it is positioned with 90% less and steel 56% less. In addition to this energy benefit, we’re talking about recycling one ton of steel, we avoid using 2,500 pounds of iron ore, 1,400 pounds of coal, and 120 pounds of limestone.
You may also like: 10 Steps to Start a Business
What materials are part of the metal recycling business?
This is one of the most common questions asked by recycled metal futures traders. First of all, you must take into account the demand of the place where you live. It is not the same to market gold where it is simply not available, to do it where the geographical and social location demands the purchase and sale of it.
In the same way, you must be very aware of the prices, that is, how these types of metals are paying in the market. This, is to ensure a successful business that is not going to embezzle or bankrupt you in a short time, due to a bad strategy.
Now yes, these are the main metals:
Keep reading: Success and failure in starting a business
You can begin to glimpse if starting your own metal recycling business is what you are looking for to invest your money. Analyze the environment that surrounds you, the needs of the territory and the people, and how this can help you and improve the local economy.