This article is all about home based recycling business in details.
There is money in waste and the recycling business. That’s a little known secret that in times when rumors of recession are rampant, may just be useful to all of us. Recycling has been a consistent money-maker employing thousands of workers nationwide. Truth be known, it’s a multi-billion dollar industry.
What’s in it for you? Money, I should say, lots of it. If you’ve been practicing recycling out of a genuine concern for the environment, you’re a friend of the earth and may your tribe increase.
But hey, in these times of foreclosures and bank failures, wouldn’t it be cool to earn something from what you’ve already been consistently doing over the years.
Why not start a home-based recycling business?
Notwithstanding the fact that you’ll be handling stuff from your neighbors’ bins, it’s one of the best business propositions you’ll likely hear in a long time. Low start-up costs, minimal competition, high profit margin, and a practically unlimited supply of recyclable materials.
If you have a car or a truck then you have a built-in advantage already. You’re capable of covering a wider area within your neighborhood, community, or city. You may have to invest in a few recycling bins and free up some space in your garage, but that’s all the capital outlay you’ll ever need to get started.
Calculate first the number of recycling bins you’ll be needing in advance. This depends on the type of recyclable waste you’re going to focus on – old newspaper, cell phones, batteries, plastics, aluminum cans, etc. In a pinch, you can just use old cardboard boxes to store the junk. Start small, aim for the big time, and track all business-related expenses (gas, recycling bins, etc.). Warren Buffett’s advice applies even to small businessmen – “never lose money.”
Before you make your collection rounds, identify first the closest recycling depot where you can take the recyclable material in exchange for CASH. Or, if you’re focusing on electronics like cell phones, go online to find a cell phone recycling company you can ship your items to.
Actually, you don’t need to look any further. Pacebutler will pay you as much as $50 for each cell phone you ship to us. We’ll even pay for the shipping if you send at least 4 used phones in one shipment. Check out Pacebutler’s cell phone recycling program now.
Ok, enough plugging already. 🙂
After you’ve identified your recycler and made the necessary arrangements, locate the different collection points scattered throughout the city where people bring their recyclable items. These are the places you’ll be collecting your materials from on designated days. Develop contacts and friends, as you make your rounds. These are people who will help with your collection and help you locate strategic places where you can leave bins or containers for your collection effort.
Finally, think long-term and invest for the future growth of your recycling business. Essentially, this means you have to earmark a specific percentage of your revenues to be reinvested back into your business. Somewhere down the road, you can probably plow in capital to invest in recycling equipment so you can do the actual recycling yourself instead of bringing your material to another depot. And that could translate to more profit for you.
So, there you have it – your blueprint for a recycling business. Start one today. Earn while you help protect our environment. It’s an idea worth pursuing.