Brand New Plan / Full Time Scrap Business

I am slowing down for the year in the construction and have lost my passion for dealing with the insanity of the business. It is time for some new insanity. My plan is to shift gears and go into Hauling, e-waste, and metals full time.

It is Black Friday and I started last night making plans and posting a few ads. Already had a few calls.

The Purpose of this thread

1. Post my goals, this creates accountability for me to achieve results.
2. Help scrappers become more successful by sharing information.
3. Track my results and get input from the seasoned veterans.


Goals

* Make $1,000,000 in the next 5 years
* Open Retail Buying Location by March 1st, 2013
* Create Donation Bins Program for in-store drop offs
* Become R2 Certified
* Create Fundraising Donation Program.

I am working out the Marketing Plan now. I wil post my methods of advertising and marketing as well as the results. I am going to keep things real simple as it it impossible to get complicated with my budget. Essentially I will be starting with very limited funds. What I am going to do is take what I have to the yard on Monday and that will be my entire budget. LOL. I know the power of a motivated individual and what I can achieve. Working from my basement coal cellar workshop and kitchen table I start upon the path of creating something. Time wil only tell what happens once the excitement wears off and the exhaustion comes on strong.

Look back for updates.

Good luck Geiser

Thanks Bear.

Lofty goals...............is that 1 million in 5 years???...................Either way i guess if your ambitious enough it can be done!!! GOOD LUCK!

Good luck Geiser. It can be done if you want it.

You will need some kind of financial help. Those goals are very steep. Good luck though.

Good luck, i like people that set goals and are motivated. If you need input on maximizing escrap value im your man.

Good luck to ya, I guess if your gona aim high that's shows a sign of ambition but I would say in this industry that's pretty lofty might reconsider that goal if you don't know how your gona achieve it. If you think construction is cut throat scrapping isn't gona be no walk in the park either. Anyhow best of luck to ya

Setting goals and acomplishing them is great way to do things. I set a goal of how much $$$ to make a year scrapping. Every year I raise my goal. 1 million in 5 years is a long shot, but 5 years is also a long time and ya dont know what can happen. Good luck.

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Originally Posted by taterjuice

Good luck to ya, I guess if your gona aim high that's shows a sign of ambition but I would say in this industry that's pretty lofty might reconsider that goal if you don't know how your gona achieve it. If you think construction is cut throat scrapping isn't gona be no walk in the park either. Anyhow best of luck to ya

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I agree sometimes I pay more than I should for computers just to keep it out of the competitions hand or drive the price so high they are bound to lose their ass!!

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Originally Posted by mikeinreco

Lofty goals...............is that 1 million in 5 years???...................Either way i guess if your ambitious enough it can be done!!! GOOD LUCK!

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Lofty goal yes, unreachable no. I have a well developed plan that I have been modifying and revising for a year now. Once I put the next revision on it and get it proof read and printed I will post it on here for all to see and critic. Diversification is the key, scrap metal, e-waste, and hauling should put me right where I want to be.

I am looking into acquiring some capital from investors. Once I get that in place I should be in a position to create some explosive growth.

u know what they say!!!! GO BIG OR GO HOME

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Originally Posted by mikeinreco

u know what they say!!!! GO BIG OR GO HOME

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Ab So Lute Lee...

I see myself buying property, building a steel building, install a drive on scale, leveraging the scrap and hauling and buying roll off containers, going the retail route and building bins to place in stores. The sweetest part of the whole process will be looking back at when I had one truck with 300,000 plus miles and smiling.

Good Luck, Geiser!

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Originally Posted by Geiser093

Working from my basement coal cellar workshop and kitchen table I start upon the path of creating something.

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Nothing wrong with starting a business from the kitchen table...Just look at Apple Computer. Good Luck...

Thank you all it motivates me for the upcoming week to really get out and start putting the wheels in motion.

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Originally Posted by Geiser093

Lofty goal yes, unreachable no. I have a well developed plan that I have been modifying and revising for a year now. Once I put the next revision on it and get it proof read and printed I will post it on here for all to see and critic. Diversification is the key, scrap metal, e-waste, and hauling should put me right where I want to be.

I am looking into acquiring some capital from investors. Once I get that in place I should be in a position to create some explosive growth.

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My GC license is growing mold right now as well and I did what you are proposing. The biggest thing I can recommend is to find which niche you fit into best and concentrate on that. I've tried to "do it all" and just cant keep up. If I'm hauling all day, I cant do marketing or tearing down of equipment. If i'm locked up in my garage then my truck sits idle while someone else gets the goods. At some point you have to step back and see what you want to be doing. Obviously your plan includes hiring labor or getting a partner (or investor). The sooner you figure out what role you want to concentrate on the better. Personally I like driving around in my truck and knocking on doors/handing out cards to businesses. But to make the million $ mark you have to have help (and pay for it somehow!).

Don't give up on the construction end unless you were an emplyoee an not an employer. You might want those contacts.

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Originally Posted by shendog

But to make the million $ mark you have to have help (and pay for it somehow!).

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The old but true saying comes into play here - "It takes money to make money".

I love it Geiser! I have really been wanting to start my own business as well but some little things have been holding me back. I say absolutely go for it. Remember that the first couple years might be only 1% or 2% money wise in terms of your goal but that is expected. It's kind of like that riddle, if I gave you a penny at the beginning of the month and doubled it everyday until the end of the month, how much money would you have? You would have over 5 million dollars. Those last 2 years, when you are finally well established is when the serious money could come in.

I bet it's amway

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Originally Posted by cobre collector

I love it Geiser! I have really been wanting to start my own business as well but some little things have been holding me back. I say absolutely go for it. Remember that the first couple years might be only 1% or 2% money wise in terms of your goal but that is expected. It's kind of like that riddle, if I gave you a penny at the beginning of the month and doubled it everyday until the end of the month, how much money would you have? You would have over 5 million dollars. Those last 2 years, when you are finally well established is when the serious money could come in.

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Thanks for the encouragement I have been working on the PLAN all day. I will post a good update tomorrow.

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Originally Posted by BarrenRealms007

Don't give up on the construction end unless you were an emplyoee an not an employer. You might want those contacts.

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I am not giving it up cold turkey. I am just going to be more selective about what I am taking on. This should give me the time to focus a greater amount of attention on the new venture. The number one thing driving me in this direction is the degree in which I can grow it.

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Originally Posted by shendog

My GC license is growing mold right now as well and I did what you are proposing. The biggest thing I can recommend is to find which niche you fit into best and concentrate on that. I've tried to "do it all" and just cant keep up. If I'm hauling all day, I cant do marketing or tearing down of equipment. If i'm locked up in my garage then my truck sits idle while someone else gets the goods. At some point you have to step back and see what you want to be doing. Obviously your plan includes hiring labor or getting a partner (or investor). The sooner you figure out what role you want to concentrate on the better. Personally I like driving around in my truck and knocking on doors/handing out cards to businesses. But to make the million $ mark you have to have help (and pay for it somehow!).

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I have gone the partner route several times. Never, ever, ever, neverever, again. I do a lot with real estate investments and have access to some funding. I just need to put something together and ensure their ROI will be right. This is going to take some doing on my part but I have several very solid ideas.

I wish you all the success Geiser! One thing Iv'e learned from most of the financially sucessful people I know, is this...... "They are all well diversified." Keep the Dream........... You will do it.

There is a copper wire recycler in PA that is a member of the forum. I think he can beat almost anyones prices. Might be a good friend for you, and somewhere to sell some of your scrap.

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Originally Posted by Big Tex

I wish you all the success Geiser! One thing Iv'e learned from most of the financially sucessful people I know, is this...... "They are all well diversified." Keep the Dream........... You will do it.

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I am still working with real estate investors. I have two properties and will continue to work to acquire new rentals and flips. Something everyone should look into that has a little hustle in the is Real Estate Wholesaling. If anyone is interested just reply and I will start a new thread. The thing about REI is that the is passive income. Which comes snow, rain, or if I just don't get out of bed!

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Originally Posted by MattInTheHat

There is a copper wire recycler in PA that is a member of the forum. I think he can beat almost anyones prices. Might be a good friend for you, and somewhere to sell some of your scrap.

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Yes his name is Jim from High Voltage. Any scrapper that is serious about doing this as a business should contact him. One part of my plan is to contact electricians, institutional customers, scrap yards, and try to create relationships in order to purchase their wire. After talking to Jim I see a real opportunity to create a good profit by simply brokering the wire, buy it, ship it, make deposits. The margin is small but a small margin on large volume can still pay the bills.

I knew that there had to be at least one other intelligent person in this town amongst all the "yinzers". Good luck man,maybe I will see you at "your" scrap yard one of these days.

Hurrikane

I agree you can run into some interesting characters to say the least. PM me your contact information. I get calls from time to time out your way. When they are small it is hard to schedule a pick up. I'll send it your way if you want it.

Spent the weekend getting some advertising pieces together and making a plan for the upcoming week.


GRID Recycling & Hauling / Weekly Activity Plan

Week of 11-26-2012 to 12-1-2012

Monday 11-26-2012
Repost to Craigslist
Canvass Local Businesses
Trash Collection

Tuesday 11-27-2012
Canvass Local Neighborhoods
Trash Collection

Wednesday 11-28-2012
Repost to Craigslist
Cold Call, Email for wire purchasing Customers
Trash Collection

Thursday 11-29-2012
Cold Call, email Hauling Companies for e-waste
Trash Collection

Friday 11-30-2012
Open
Repost to Craigslist
Trash Collection

Saturday 12-1-2012
Finish Processing for Monday Haul to Yard

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I created this flyer to hand out in public places, it has tear off's along the bottom with my contact information.

http://i1076.photobucket.com/albums/...-Off-Flyer.png

This is the front of a tri-fold brochure.

http://i1076.photobucket.com/albums/...cure-Front.png

This is the rear of the tri-fold brochure.

http://i1076.photobucket.com/albums/...chure-Rear.png

This is another flyer I did for door, hand outs whatever.

http://i1076.photobucket.com/albums/...r093/Flyer.png

I was having trouble figuring out how to get the documents to go into the post. I did a printscreen and saved as a picture then uploaded to Phototbucket. That is why they look the way the do. So what do you guys think. If anyone of guys needs something like this for you business just let me know. Or you guys can go to Microsoft and download templates for just about anything you could ever want.

Here is the link: Templates - Presentations, Spreadsheets, Documents, Calendars & More - Office.com

You can also download a trial copy of Office 365 there if you need it because you do not have Microsoft Office.

if you ever come across any stab lok circuit breakers send them my way, i sell 100's of them a year

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Originally Posted by jghilino

if you ever come across any stab lok circuit breakers send them my way, i sell 100's of them a year

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Can I get a picture of one?

stab lok breakers - Google Search

Looks like you are off to a good start. I wish you success.

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Originally Posted by IdahoScrapper

stab lok breakers - Google Search

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Ya I committed the cardinal sin and asked a question before I Googled it. Sorry.

Thanks, chrisblackcat for the encouragement.

What kind of price do the breakers bring in?

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Originally Posted by jghilino

if you ever come across any stab lok circuit breakers send them my way, i sell 100's of them a year

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Originally Posted by chrisblackcat

What kind of price do the breakers bring in?

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I looked on ebay and they seem to bring in anywhere from $3.00 to $80.00 depending on what type they are.

The only problem I see is many are going unsold. I also believe it is against building code to reuse a breaker, I dont know I just think I ran into the question with one of my electricians once.

love the ambition. good luck !

As usual the day did not go as planned but still worked out good.

Went to the yard to drop off some tin, wire, alum., and etc. $44.00

From there we went to scout for a retail location. Two good prospects waiting for the property manager to get back in touch. The location is on major route and I may have to run electric and put a trailer to work out of. Not so great but doable.

Went to one of my pick ups to grab a little but of stuff.

21 lbs. Motherboards ($14.00 ???)
22 lbs. Finger Cards ($93.45)
0.7 lbs mixed processors ($82.50)
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Cost $58.50 ($191.45)

Total Profit $132.95

The best part of the day was when I talked to a business associate who has a 100,000 Square Foot wharehouse. After speaking with him for a little while we came up with a plan that works for both of us.


I can use the space I need for now.

The lease will be incremental.

3 months at a couple hundred and increasing slowly as I do better. This will allow me to grow into the space and begin buying e-waste!

Spoke with a potential investor. Working out the details but plan on sending him the business plan and meeting with him after Christmas.

Going out later to kinkos to get the printing done. At home having fried chicken.