Recycling is one of the best thing you can do for the environment, however if you want to not only recycle your waste, but truly start a recycling business, it can be prove to be quite difficult to do. But if you are still determine to start recycling metal on a industrial level, then let me give you some insight into how to do it.
One of the best things about recycling metal over any other recyclable material is that metal prices have been steadily growing over the past couple of years, so if you decide to create metal recycling business, you could have yourself an extremely profitable business. But in order to get to the profit part of the business, you need to set it up right, otherwise you can end up declaring bankruptcy on your metal recycling business sooner rather than later.
The first step in starting your own recycling business even when you have decided what type of materials you will be recycling, is to specify this business, because there can be several types of metal recycling facilities. So figure out if you want to a so called scrap yard in which you will be recycling meta of all types or if you want to run for example only an aluminum recycling facility. This has to be done, because that what you will be recycling will dictate the size of your business as well as how much money you will have to put into the business, like what machinery you will need, how much property you will need and how many workers you will need to employ. I would recommend to start with recycling few specific metals, because that will allow you to buy less equipment. And then once your company has grown, you can add more metals, that you can recycle.
To help you with this decision, a good strategy is to look at the metal market and see which three or so metals are the most recycled ones in your specific area and market. There are places where aluminum recycling is big, and then there are places in which other metals are recycled more often. SO be sure that there will be people wanting to recycle the metals you base your business on, because that is the only way how you will be able to sustain your business.
Once you know your target metals, then you should check out the costs of the equipment you will need as well as the costs of potential facilities where your recycling business could be located and the average salaries people will be willing to work for in your company. Also look into different so called on-the-spot machines your customers could use to recycle easier metals like aluminum. For example there are reverse vending machines where you can put in your empty soda cans and instantly get money for the aluminum. These types of machines will grant that the customer service will be faster and that you won’t have to bother with accepting small loads of light metals which isn’t that profitable if it need to be done by hand.
And lastly also make sure that you know all the laws and restrictions of the place where you will be setting up your company regarding metal recycling or that at least you have a person, who knows this information, so your business is established legally and you don’t have to deal with licensing and other legal matters later on.