Rated 4.9/5 out of 1000+ Reviews
Quick Start Guide to Selling Scrap Metal
Are you planning to start a business selling scrap metal? It is a lucrative business that is pretty easy to start. However, there are some basic information that you need to get everything moving smoothly.
Get a Magnet
In this business, a magnet is your best friend. Magnets help you determine which metal is ferrous and which is non-ferrous. The former contain iron and they are magnetic. However, non-ferrous metals don’t contain any iron and thus, they aren’t magnetic.
Examples of non-ferrous metals are tin, copper, and aluminum. These are worth more than the ferrous ones. So, if any metal you have doesn’t stick to a magnet, it is worth more.
Prioritize Safety Equipment
Handling metal may be dangerous. You may end up with cuts from sharp edges or while dismantling an object to get the metal. You also risk having a metal piece flying into your eyes.
To stay protected, ensure that you have heavy-duty work gloves and eye protection gear. Also, always keep your tetanus shots up-to-date as rusted metals have bacteria that can lead to tetanus.
Choose a Transportation Method
As you continue to collect more scrap metal, you will an easy way to transport it. Sort out your metal and then get a tarp, which you can spread on the floor of your trunk, to make it easier to transport without dirt or damage.
If you collect a lot of scrap metal, it would be wise to invest in a trailer or a pick-up truck to transport it to the yard.
Get the Right Pricing
You need to know how much money you can get from the scrap yard for your metal. Ultimately, the scrap yard guys decide how much to pay you for the metal you bring them. It’s a good idea to nurture a good relationship with the scrap yard, as the prices fluctuate daily depending on various factors such as market trends and the metal grade. To learn about real-time prices, check out Scrap Monster and the Scrap Register.