The United States is known around the world as the easiest place to succeed as an entrepreneur. For well over a century, people from around the globe have flocked to the United States in hopes of reaching financial success. To this day, a fair portion of Americans continues to employ themselves as freelancers or entrepreneurs. The United States Bureau of Labor Statistics indicates that some 15 million people, a cohort that makes up about one-tenth of the total American workforce, are self-employed. Believe it or not, recycling scrap metal can be a viable avenue of self-employment. Here are some tips beginning scrap recyclers can use in the initial stages of their careers.
Learn Where to Find Scrap Metal
In order to consistently, reliably make a living collecting scrap metal, you must establish a consistent source. Reach out to businesses, organizations, self-employed construction workers, and managers of nearby building sites to start. You might have better success if you personally know employees or members within those groups who have hands-on knowledge of what is done with those scraps. Post ads online and offer services for scrap metal. Get creative to source as much metal as possible.
Establish a Base of Recyclers to Sell Scrap Metal to
Recyclers in small areas often take their scrap metal to larger cities. Those recyclers repeat the process and go up the chain to major cities’ recyclers. If possible, deal directly with the large-scale recyclers. They often pay better than their smaller, rural-based counterparts.
You Want to be Able to Sit on Scrap for Months at a Time
Scrap metal prices are dependent on the global market demand for recycled metals. As time goes on, recycled metals will grow more expensive because mines won’t be able to find as much. Further, prices sometimes swing wildly. Keep an eye on global scrap metal prices to know exactly when to sell your stash off.
Scrap metal recycling can sometimes prove to be a lucrative career, but only when those entrepreneurial-minded recyclers can secure solid scrap metal supply streams. Whether it comes in the form of junk cars sussex county nj or empty aluminum cans, one person’s trash is a scrap metal recycler’s treasure.