I wish I could go back in time. If I could transport myself back to when I was a teenager, with the knowledge I have now about selling scrap metal, I could have saved myself several summers of misery working at the local grocery store. I could have been working outside at my own pace, and made twice as much money as I did bagging groceries and dealing with snobby tourists.
Finding and selling scrap metal is extremely easy, not very competitive, and you can do it anywhere. You can start collecting scrap for free, and you do not need a large area to collect it in. Plus, there is good money to be made in selling scrap.
In addition, you are cleaning up the environment by picking up metal that would otherwise take decades to biodegrade. You are keeping materials that you can make money on from being taken to landfills, and we have all heard that many landfills are completely full already.
So why doesn’t everybody sell scrap metal, if it is so easy to make money on? Good question. I think that there are several things that keep the majority of people away. Many people seem to think that you have to be a scientist to identify different types of metals, and that selling to a scrap metal dealer is a mysterious process that requires extensive training to be able to complete.
This could not be further from the truth. You need absolutely no prior knowledge of metals to sell scrap. Selling scrap metal can be as simple as this: Find metal objects, throw them into a truck, transport the metal to the scrap metal dealer, drive your truck onto their scales just as you would pull into a drive-through car wash, unload the metal from your truck where they tell you to, re-weigh your truck, and go into the dealer to get paid. The whole process can be completed in twenty minutes for a pick-up sized load.
It is extremely easy, and you do not even have to know what type of metal you have. Of course, you will make much more money once you know how to separate your metals, but that is easily accomplished, too.
I also think that there is the perception that selling scrap would take up a lot of room on one’s property, and that scrapping is a messy business. Well, that may be true if you are a large-scale scrapping outfit, but you can contain a modest scrap metal venture in a very small area.
I got into selling scrap as a way to minimize the loss on metal items that I had bought at garage sales to sell on EBay, but ended up not being able to sell. I was also picking up litter from the woods and looking for someplace to take the metal so that I did not have to throw it in the trash.
Initially, I just started throwing all of the metal into the bed of my plow truck, which I only used in the winter. The first time I emptied the truck out at the scrap metal dealer, I made $160, selling all types of metals together as ‘Tin’, which is how most scrap metal dealers classify loads of metal that are unprocessed.
Later, I did more research on scrapping, and found out that I could have made an extra $50 by selling the aluminum objects separate from the rest of the load. But hey, I was pretty happy at the time, making $160 on a bunch of junk.