The scrap metal industry is what many people refer to as a recession proof business. Scrap yards thrive through the good and bad, because they always make a certain amount on the metals no matter what the price is. Your mark-up must be high enough to make a profitable greenmangourmet living, but small Metal calculator online enough so that you can stay competitive with the competition. Now day’s people know that their metal is worth something. Some may not know exactly what, but if you give an honest price to each customer you will continue to do business with them.
Step 1: Learn to identify all different types of ferrous greenmangourmet.com and non-ferrous metals. You have to know exactly what it is that you’re buying from your customers because different metals have different values. Note: There is a big difference in price in “clean” vs. “dirty” non-ferrous metals. The reason non-ferrous metals fall into the “dirty” category is because they have other metals mixed in. For example, you might have a piece of copper pipe with a steel fitting or steel bolts attached to it. You must get the steel removed from the tubing before that piece of copper can be sold as “clean.” This is very important for you to remember so that you don’t pay too much for your metals. Buy a small magnet to determine the difference between ferrous and non-ferrous scrap metal. Ferrous metals such as Iron will stick to a magnet.
Step 2: Locate and map out metal refineries and large industrial scrap yards in your area. Find out what each place will pay for your different metals. Calculate how Metal calculator online much it will cost you in travel time/fuel to get to each of these places and find out which ones will be most profitable to you. Time is money, just like fuel.
Step 3: Once you’ve gotten a price for what the metals will bring you, determine how much you are willing to pay so that you can be profitable. The more you’re able to pay, the more business you will do. Keep in mind your travel time/cost. The more time you can spend buying, the better.
Step 4: Now that you’ve decided who to sell to and how much to pay, you’ve gotta go out and hustle the metals. There are various ways to acquire the metals. It really just depends on how much capital you are working with. Obviously larger amounts of money to gamble with make it easier to get your name out, but I’ll start with the cost effective methods.
First post an ad on Craigslist in your area telling everyone that you buy scrap metal. Craigslist is great because you can post ads like this at no cost.