3 Tips For Making A Profit From Scrap Metal

Posted on: 31 August 2017

If you are looking for a way to get some extra cash, selling scrap metal may be a good way for you to do it. If you decide to try scrap metal recycling, you need to make sure that you go about it the right way. You want to make money, not end up losing money or even getting yourself into trouble. So, what can you do?

Ask Permission

If you see things like old bicycles or other scrap metal lying around, don't just grab it. Make sure that you talk to the person who owns the property before you grab anything. They may be happy to give it to you just to get it off their property so that they don't have to deal with it anymore, though you may have to offer them a small payment in return. Try to negotiate the price down to something that's acceptable to both of you. 

Strip the Wires

If you get a bunch of wire, you want to make sure that you strip it down. It may seem like it's more work than you really want to put into anything, but it may actually make you a little bit more money. Some scrap metal facilities will pay you less money when they buy the wiring if they have to go through the work of stripping the insulation off the wiring. Investing in a good pair of wire strippers will make it easier for you to get it stripped. If you strip the wires as you get them, you won't have to spend a lot of time laboring right before you go to sell the metal. After you're done stripping the wire, make sure you bundle up the wire neatly. It doesn't matter how you bundle it, as long as it's nice and neat when you're done. 

Full Truckload

Make sure that you have a full load of metal in your truck before you go and sell the metal. There are a couple of reasons for this. One is that you are going to get a better return when you think about how much money you make versus how long it takes you to do the recycling. If you are constantly doing trips with only partial loads, then you are going to end up spending a chunk of your profit on gas. 

If you are going to do something that will help you with some extra money, selling metal may be a good way for you to do it. 

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