Get Cash from Scrap Metal Hunting

In the scrap metal industry, even hot water systems have a recyle scrap metal value - copper ones. Ask your scrap yards for the current scrap metal prices. How much are these scrap metal worth ? If they pay say $50.00 , then you could run an ad...Hot Water Systems Wanted. Any age or condition. What a way to get cash from scrap metal hunting !

Pay $15 to $25 per system and you'll make $25 to $35 per system. Ten systems a day will make you $250 to $350 per day. If you find you can get $70 per system, then paying $15 to $25 per system nets you $45 to $55 - ten per day then makes you $450 to $550. These are typical scrap copper prices. Then again, avoid stainless steel recycling if possible as they fetch the lowest yield.

A quick and simple way in scrap metal hunting is to do deals with some Sparkies to cash-in their scrap wire for them. They call you to let you know they have few Bags ready. You visit, pay them in cash, then take the bags to the Scrap Yard to get paid yourself. In such cases, always make at Least what you paid them. That is, if you paid them $100 for the bag you want that bag to be at least worth $200 to you. While this is a 50/50 cut you'd not have those bags without them doing the stripping and bagging work for you. And you make some easy money just taking it to the scrap yard.

This is one of those businesses where you have to get the word out Directly. To mechanics to collect Copper Radiators, Plumbers who might replace water systems for the Brass and Copper they take out, sparkies for the wire, and so on. Many such contacts already know of the current scrap metal prices i.e. scrap Copper prices and scrap Brass prices, and would use you as a Convenience to doing it themselves. But it's worth sending them a flyer or even Business card letting them know you provide scrap metal removal services. Heck, you might even find a niche taking away old washing machines and the like. They have scrap metal which has a worth too. How about starting scrap metal business from ships or scrap planes ???

Start a Scrap Metal Business Ideas

 

Here's how you can easily start a scrap metal business from scrap metal pickup. You do not need a Truck to get started. Well, you don't even need a Pick Up - it helps if you do have a Pickup, but you do Not Need one to get started. Here's why....

One fellow started his scrap metal pickup business with his Sedan. If the load was too big to transport in his Sedan he'd either hook up a trailer to his sedan, Hire a Pickup or small Truck to drive to transport it, or even hire a larger transport with driver if it warranted it. He started by recycling old computer -on computer monitor recycling and computer equipment recycling and eventually opened his own computer recycling center. With the point being, do not let your lack of pickup be a hindrance to getting started in scrap metal business.

And with regards to this, you need to know the current scrap metal prices at the various yards. How much are scrap metal worth ? You can find out from the respective scrap metal merchants and ask them for their current scrap metal prices. Generally, the prices go...

1. Copper Wire and Copper Pipe Stripped (3x times as much as insulated wire)
2. Brass
3. Copper Wire Insulated
4. Aluminum
5. Stainless Steel

As you can see, stainless steel recycling is the least attractive. I actually like Brass over Copper Wire because of its Weight to Volume ratio. It weighs a lot while taking up a small space. (Visit a hardware store and pick up a Brass Faucet Set to understand this). You'll also need to carry a magnet around with you. With the exception of Steel, the others are Non Magnetic. Important to know before you think you've got a load of Brass when it's really Brass Coated Steel or Brass Colored Steel.

Also a good idea to carry around some Hay Bale Bags or Garden Waste Bags to put Loose Scrap Wire into. A small fertilizer bag might hold 20kg of wire while the larger bags could hold around 100kg. At $2 per kg for such wire, the small bag would be worth about $40 while the larger bag around $200. Often, you can get such bags for Free from the scrap metal merchants by telling them you have a Lot of scrap wire and need a bag to put it into.

Many bags of scrap wire can be filled during an Office Strip Out. In fact, if on average a single floor strip out can yield 1,500kg of wire per floor. At $2 per kg, that will be $3,000 worth of wire per floor. And for a 12-floor office, you would have pocketed $36,000 cash in recycle scrap wire while also charging for taking it away!

Another scrap metal business ideas is to take away the discarded Catalytic Converter scrap from your mechanics for recycling. A guy who did this opened them up and take out the Titanium and put it into four 44 gallon drums (all on one pallet) and sold the four drums to a company in Germany for $120,000 cash !!! Yes, go for the Catalytic converter scrap titanium ! So what are you waiting for ? Start a scrap metal business now.

The Next Sacred Gold Rush

• Investment Level: $100K-500K
• The Opportunity: Flip gold mining claims in Bolivia.
• Risk Level: High

Gold for money. Big mining companies and the banks that finance them have made a fortune from the global commodities boom in recent years. And as prices of gold, nickel, copper, and other metals have soared to record highs, mining properties around the world that were once deemed marginal are swinging back into production.

It's no secret, of course: Bolivia holds known gold reserves estimated to be at least 3 million troy ounces, worth roughly $2 billion. But the government has never done a comprehensive geologic survey, and mining engineers have recently estimated that the actual amount could be several multiples higher. More important, the newly elected government of president Evo Morales has promised to modernize the $400 million mining industry and invite in foreign know-how and investment.

Bolivia could be the find of the decade, not just because of its vast mineral potential but because of its shockingly low barriers to entry. Only 3 percent of Bolivian territory has gold-mining claims, and 85 percent of those are owned by small co-ops of individual miners. The co-ops have more than 60,000 members in all, most of them peasant landowners who literally scratch out a living working their claims with picks and shovels.

Prospectors can pursue two basic gold farming strategies.

Plan A : partner with or hire a local geologist (the going rate is $2,500 to $3,000 a month), use his expertise to find a promising plot of land, and apply for a claim with the Bolivian Ministry of Mines. (Foreigners can now own claims outright.) If your application is the first one in, it'll be approved. The government charges a nominal application fee and a tax of $1 per hectare if you win the claim. Once you complete a survey - and show proven reserves - you've picked up for nothing a piece of real estate worth millions of dollars to a gold producer.

Plan B: With $300,000 or so in seed funding, you won't be buying gold surveys but rather purchasing existing mining claims directly from the peasants who own them - and then flipping the property later to a mining company. Here's how it might work: The claim holders don't actually own the land, just the mineral rights. Many earn a subsistence living by mining with their own tools. Buying them out requires a local ally (your geologist, most likely) to negotiate terms.

And with a geologist at your side, you have a prime advantage. Most claims lack detailed surveys or core samples, but a geologist will spot telltale signs of rich deposits that a layperson can't, and can compare a property's geographic features with others that have already struck gold. Whether you stake a claim or buy one, the easiest exit strategy is to flip a property to a medium-size mining company. Happy gold farming !