Understanding Business Issues

Scrapping As A Side Gig: How To Make It Work

14 September 2017 by Connie Hanson

Have you decided you'd like to start finding scrap metal and selling it? You may have made this decision because it's a lucrative side gig that would allow you to have some extra spending cash. If you're tired of trying to make ends meet with your paycheck, you may want to have a bit of breathing room, thus causing you to want to start collecting and selling scrap metal. If you want to have as much success with this type of side gig as possible, there are some tips you should try to follow.

Do Your Research on the Value of Different Metals

Before taking any items to the scrap metal buyers, do some of your own research to find out how much those different metals are worth by the pound to ensure that you're getting the right amount of money when you make the sale. The price of these different metals varies from time to time and often depends on the current demand for them.

 Knowing about the value of these metals ahead of time will give you an idea of which metals you should try to get simply because they're more valuable. Both brass metal and copper wire are two of the different materials that are often worth the most money by the pound, so you may want to get as many products containing those metals as you can.

Learn Where to Find Metal Items to Sell

Once you've gotten rid of all the metal items you no longer want inside your home, you may think you'll have nothing left to sell to the scrap metal buyers. However, some people make a living this way, and it's because they know exactly where to find the different metal items to sell for a decent profit.

You could offer to do clean outs for people. When people are moving, they usually want to get rid of as much junk as possible, but they don't have the time or the resources to handle all the junk on their own. They'd likely prefer to hire someone to help with the junk removal process and get the job done faster. If you're helping people get rid of all their unwanted items, you could come across a large amount of unused metal to turn in at the scrap yard and make a decent amount of money from just one clean out.

Use classified advertisement websites to find more metal to scrap. Some people post about free products that they're getting rid of because they've replaced those items with newer ones, such as refrigerators and air conditioners. You could offer to take the items off of their hands by picking them up and loading the stuff onto your truck. You could even post your own ads offering to pick up certain unwanted items for people who would like to put those items out on the sidewalk, but don't want to wait until trash day to do so.

Separate the Different Items You've Collected

Once you've collected a large number of items, make sure to separate them prior to bringing them into the scrap yard. Many scrap metal buyers aren't interested in sorting through everything on their own because it takes up more of their time. Save the buyer some time by separating the items based on the type of metal before you arrive at the scrap yard.

If you want to make decent money selling a bunch of scrap metal, make sure you know how much the different types of metals are worth. Once you know how much they're worth, take a creative approach to find some of the different items you could sell and make a profit from. You may benefit from offering to do clean outs and looking on classified advertisement websites for items each day. For more information, visit websites like http://www.bigdaddyscrap.com.

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