i know this has been posted before but was hoping for some new light shined on this topic, anyone doing it full time?? what roughly is an annual profit margin?? how steady is your work?
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i know this has been posted before but was hoping for some new light shined on this topic, anyone doing it full time?? what roughly is an annual profit margin?? how steady is your work?
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On the profit and how steady it is, it truly depends on you. How much are you willing to get out there and hustle. After you get your material how far are you willing to break it down, or resale in a secondary market. How well can you negotiate prices at your yard, too many variables to consider. I can tell you this, whether it be me, tater, or johnc4x4 neither one of us scrap a car the same way, we don't even put them on the trailer the same and have different approaches to buying a car.
expect the worst and hope for the best
cory couch
c & c recycling
JUNKERS AND CLUNKERS
(870) 897-6484
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i've been mostly doing it full time for about 4 1/2 years ,.....depending on how you manage the stuff ,spread out cashing it in and how much room you can store stuff without someone calling the townships, is what factors in and depends on how steady the work can be ,....depends on the area you run and how much compition you have too
....for me ,my first year sucked but i was starvng and homeless so i still did it cause i didn't have any other work ,....probly put in 30 to 40 hours a week ,made about 15,000 that year ,...........second and third year ,i moved to a new region that didn't have hardly any compitition ,....there was flooding in my area for the second year also ,....but i put in about 35 to 45 hours a week in and made probly close to 40,000 each year .......for the last year and a half ,compitition and other work non scrap related slowed me down scrapping but i still probly made 25,000 last year ,putting in an average 20 to 30 hours a week
i imagine it's different for every scrapper and for every area ,.......the circustances of my area helped for me ,....but i do know other scrappers that do it sistered to other buissnisses or do nothing but scrapping making 40 to 50 a year and staying working all year ,.....but there usually folks that been at it a long long time and have built up alot of connections to get stuff
I'd say keep your day job jen, or college/whatever, and keep going at it as a part time, second, or summer job. There is a rapidly increasing number doing it, and an ever declining number of people letting go of it, or simply doing it themselves. The number of hoarded piles is also declining so much faster than they're being built. As with anything else that goes in that direction, the well will eventually go dry.
Sad fact of life, but it's just like a store shelf filled with bargains, each time you go by and grab a few, there's more people browsing with an ever decreasing selection from which to chose. Long as the store stays open they'll fill it up with something else, but who knows what(it won't likely be the same bargain they had yesterday). It's an ever changing world so proceed accordingly
Last edited by Bear; 12-05-2013 at 10:45 AM.
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right i had no plans of quitting college haha i have just always liked the idea of working completely for myself doing this
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Take this just for what it's worth.
I'd make up some home made business cards (don't have to have a business to have a card with contact info) and hit up all your family and friends and everyone you see at college. There is your "goldmine" in addition to your other scrapping. Start reading here in the electronic section about breaking down ewaste. The college has a ton of it. Your truck would be perfect for hauling ewaste.
I put an $800. load into my Taurus of ewaste going to my buyer. Can't do that with regular scrap. When you get more comfortable with the ewaste then you might think about pursuing the college itself. Every student has at least one laptop maybe a desktop and who know how many hand helds. The computer geeks (you know who they are) are constantly building or upgrading their equipment,
And their leftovers might be going into the trash now.
http://www.scrapmetalforum.com/scrap...ess-cards.html
Electronics Recycling - Scrap Metal Forum
P & M Recycling - Specializing in E-Waste Recycling.
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If you enjoy your freedom, thank a vet.
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thanks mechanic688, I will for sure look into this, the problem is going to be how to obtain "stuff" from people at the college, I cannot imagine many people contacting me from a flyer that says "hey ill get rid of your old computer stuff, old cellphones, ect." there has to be an incentive for them too right??
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I wouldn't offer to start buying their scrap right away, use the proper recycling angle as their probably throwing it away now.I cannot imagine many people contacting me from a flyer that says "hey ill get rid of your old computer stuff, old cellphones, ect." there has to be an incentive for them too right??
We had one member that put a large tote in computer class (after meetings with higher-ups) for them to throw their misc. boards in.
You know your talking about scrap that runs from 1.00 to 10.00 a lb or more. Does not take a lot to start adding up. Then we have a whole assortment of buyers on here that you can read their reviews (both good and bad).
One company even has generic recycle boxes for cell phone recycling.
Good post mech, I wasn't saying don't proceed jen, just proceed with caution, and take each step one at a time. You can build some good solid pick-ups by being honest, dependable, and ready to work. I like using the term "helping to keep these items out of our landfills and ground waters"
if you have any computer knowledge, college towns are great for buying broken laptops and reselling working ones. Students just have their parents or student loans buy the next one.
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As Cory said an others...it's really what you make of it. I do it full time, I pay for some stuff, other stuff I get for free. If your on campus, don't sell your fellow students short, or assume anything doing that your already setting up for failure. It doesn't hurt to hand out flyers, cards, etc. Tell people what you do, an the benefits of what you do. I never thought businesses would just hand me free stuff or people, but yet..I'm constantly and pleasantly surprised that they do.
Find a niche, an make it yours. Yes, lots of folk scrap metal, an do cars..so I focus on ewaste. An not just computers. Focus on just computers an you may face a tough uphill battle. Find a niche within computers, or focus on other electronics. Thing my clients/customers love about me..is I'm not really picky. If it's got a cord/or had one..lol..it's welcome in my eyes.
It's not a easy business to take full time, it's constantly looking for a source, or developing an maintaining current ones. It takes hard work, long hours( breaking down, taking photos for resales, making ads, etc), an to keep going when things seem hard. You will bleed, sweat, cry, curse, an then some!
At the end of the day tho..you'll make some money, an have the benefit of helping this dirtball we call home.
So yea..you can do it. It won't be easy, nor will it come quick. With the proper time spent learning about the industry, an the ability to talk to people, you can do quite well. Your here, so your about to learn a whole heck of a lot, you may not see results right away but if you continue to follow this forum, ask questions, read the archives, an listen to the tips an advice..not just hear, but listen...you will do well, whether full time or part time.
If you truly want to do this full time, take the time now to learn everything you can, an apply at it as you go. An perhaps in the future you'll be telling us how you graduated an are doing this full time. An passing on this same advice to future folks getting into this game.
I wish ya much luck, an keep us informed on how your doing. I for one enjoy following our members an how they grow. Specially the younger folks. Good to see them working outside the box. An we have plenty here that are youngsters, an doing quite well. Kochy, Jord, Red, an several others I can't remember! ( sorry guys, I'm getting old!) Some even still in High school.
So yes, it can be done. Hustle, hard work, good customer skills, a bit of thick skin an knowing it's all on you will shape your results.
Sirscrapalot - Success consists of going from failure to failure without loss of enthusiasm. - Winston Churchill
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That may be the most serious sirscrapalot post ever![]()
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Finish your education. Find a job in your field. Keep scrapping all the way. If the income is there, then make the switch.
I would love nothing more than to scrap full time. I work a full time (30 hour) job and spend 30 hours easily per week on the scrap end of it (This is picking up, breaking down, building a website, researching resale of items, refreshing Craig's list ads, making E-bay listings, shipping, etc.). I have just recently gotten to the point that my scrap income is typically equal to my regular job income. Sometimes more. You have to however figure making more than your regular income to become legit. You have to figure in the cost of medical insurance, (going up now) matching taxes, etc. Granted there will be lots of write offs, but you really need to get to the point of doubling your regular income to make the switch.
And then there are the dry spells. They come no matter how hard you market yourself.
Not trying to discourage you at all. I support anyone that wants to make the jump. Just think it through. And complete that education while you are at it so you have something to fall back on.
"64K should be enough for anybody." - Bill Gates 1981
http://www.treasurecoastelectronicrecycling.com/
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I'm sorry Mr. Cory, I won't let it happen again.
Serious, helpful..gah! I better watch it, I might no longer find myself under the group of "The people your parent's warned you about". /Sigh
Lots of good advice your getting here OP. These folks know what their talking about.
Sirscrapalot - The final forming of a person's character lies in their own hands. - Anne Frank
Being full time, I dont think I could make it if I just recycled everything. I tend to market myself as Asset Recovery. i bring everything in, assess its value, and move forward as needed. Its no longer the case of just driving around filling a truck up. I market myself on several online venues, including craigslist, facebook, ebay, and website. I have joined the Chamber of Commerce and looked into other local networking groups as well.
You guys give **** good advice to newbies on here! I wonder if they realize this "is" the education you can't buy or go to school for?
Agreed!!! You can't buy your scrap education here but you can certainly help support the forum by becoming a scrap room member. It's such a small fee in comparison, the potential returns we get from reading and sharing the knowledge is phenomenal. We all pay for our education via what we do, how we do it, our experiences we learn from breaking down and marketing the scrap and resale items we get. Whatever levels we take our knowledge to will likely determine the returns on our time and the money results. I too market my products many ways, the scrap yards, eBay, craigslist and other avenues. The more diversified we get for the most part generates more revenue but does bring with it some headaches. Cutting the story short this forum is AWESOME!!
As a driver I'm always sober, but my truck is always ready to get loaded
Welcome aboard from a fellow Minnesota (Central) Scrapper. I've been at it part time for 3 years. I wanted to get into it full time when I started but ended up putting in more quality in my part time hours.
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