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Who can share me a profitable scrap metal business plan ? - Page 2

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  1. #21
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    I agree with most other comments. I too am wanting to eventually open up some kind of recycling location, but I am going to hold out until the work load and cash flow either allows or forced me into it. I only started scrapping a few months ago with the money I made selling random things on eBay. I have gone from $40 payouts at the yard every other saturday to $120 payouts every week, not to mention the amount of e-waste I ship out and the materials I have been saving up. At this rate I know it will take me awhile longer, but it goes to show that if you work constantly you can always make money. Although I will say that if I had 40k that I had made and not borrowed and enough current business to justify the move, then i could definitely make a specialized e-waste business work. An actual scrap yard would take at least 10 times that, i would think.



  2. #22
    peterscrap started this thread.
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    definitely I think i need more experience, i started 2 months ago driving around my neighborhood picking up scrap metal. so far i think I'm doing good. but that's why i want to wait until next year, so i can get more knowledge on this matter

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    Quote Originally Posted by peterscrap View Post
    definitely I think i need more experience, i started 2 months ago driving around my neighborhood picking up scrap metal. so far i think I'm doing good. but that's why i want to wait until next year, so i can get more knowledge on this matter
    You are doing good. You have enough sense to ask questions. Enough humility to accept the answers. Enough drive to get off your butt and work for what you want.
    Keep up that attitude and you will do well.
    You can make money 2 ways.
    1 - Do what others won't.
    2 - Do what others can't.

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