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Making Scrapping a side business

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  1. #1
    Mick's Avatar
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    Check your State laws. You may need a license and insurance. Here, you simply say you are in the business of XXX. It's not necessary to actually do anything. For instance, I was insured as a Landscaper although I have never had any associated equipment, tools and have never ANY work as such. For the curious, it was because of insurance as a snowplower. I only needed insurance for it for six months although they required a full-year policy. So I put down "Landscaper" with cheaper rates. Technically, I was in business as a Landscaper and Snowplower.

    People may laugh at me, but that's ok. I laugh all the way to the bank.

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  3. #2
    ffjosh started this thread.
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    Quote Originally Posted by Mick View Post
    Check your State laws. You may need a license and insurance. Here, you simply say you are in the business of XXX. It's not necessary to actually do anything. For instance, I was insured as a Landscaper although I have never had any associated equipment, tools and have never ANY work as such. For the curious, it was because of insurance as a snowplower. I only needed insurance for it for six months although they required a full-year policy. So I put down "Landscaper" with cheaper rates. Technically, I was in business as a Landscaper and Snowplower.
    If you dont mind how much is insurance.
    Also did you have people sign contracts?

    Im more afraid of someone wanting a pile of scrap taken out of there yard and then accusing me of tearing up there yard.
    Maybe someone getting hurt that is helping me ect ect.
    If I would land a contact job I would need help. If someone who was helping me where to get hurt I dont want to be liable.

  4. #3
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    Quote Originally Posted by ffjosh View Post
    If you dont mind how much is insurance.
    Also did you have people sign contracts?

    Im more afraid of someone wanting a pile of scrap taken out of there yard and then accusing me of tearing up there yard.
    Maybe someone getting hurt that is helping me ect ect.
    If I would land a contact job I would need help. If someone who was helping me where to get hurt I dont want to be liable.


    I pay roughly $1000 per year (thats about $90 a month) for 500k business liability insurance, but it should be lower if you only have one "area" of occupation. I have five (lawncare, landscaping, pressure washing, debris removal, and....something else, lol). I wouldn't suggest putting anybody on your "books" until you have cash saved up. If they screw up, it could be everything for you. Just work for yourself and try to pay under the counter if you have to, or barter for labor.

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  6. #4
    Yunkman is offline Metal Recycling Entrepreneur
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    You're in an agricultural state as I am and there's opportunity out there in farmyard cleanup. I take anything from "cakepans to combines" and many scrapyards will haul that big stuff on their equipment for free or very reasonable rates. I haul for half of the sale price and do it myself or with the wife. I don't want an employee to contend with and besides, I load with a skidsteer and things fall off my trailer while loading and break apart and fly around. By all means, get a 3/4 ton pickup when you can and a good sized skidsteer is a must in my eyes. I operated with a 16 ft car trailer until just recently. I carry an acetylene torch, generator, elec. impact and all kinds of tools.

    Accept anything that's free as many people are just glad to get rid of it. Above all, be honest and pay promptly, don't leave a mess behind and finish the projects and you will build a good reputation for yourself. Word spreads and you'll be surprised how fast your business will increase. I consistently have a dozen or so clients in waiting at all times. Some will be in a big hurry to do their cleanup and others can be put off for a future date. Specify that on first contact.....get their cell number and ask the best time to contact them. Weather regulates alot of what and where I can load. I wish I'd started this sideline 40 years ago. (Wouldn't it be nice to have a stockpile of $20 a ton iron to sell today)

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