It appears that a lot of people want to get in the scrap metal business. Part of me says, "Great!
Consider how far your want to take your business.
Hobbyists/spare time scrappers = I get my scrap from anywhere, its almost always free. I make about $50-500 a week.
Almost Full Time/More Serious = I rely on some actual business techniques, like CL, flyers, ect., to acquire my scrap but I am still dependent upon luck for some of my scrap. You can bring in some decent income from $500-1000 a week.
Full Time Small Business = I rely completely on business techniques to acquire scrap. However I am still far from my goals. I have some help scrapping but if I am not involved in the process, my business declines. We make a decent amount of money, but overhead is a B*tch I only pay myself $5000 a month or less.
Big Business = I own a small scrap yard. Were constantly buying and selling. Its hard to keep up with the pace of business, and the market dictates our fortune. Things are good but could go either direction. I make a six figure income and don't have to beat myself up everyday at work.
Work place injury's are common. Protect yourself. Be prepared for a bit of pain or discomfort when you go home.
Is this business for you? Only you can decide. Just consider what kind of business you want and the best way to get it.
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