4 Tips For Selling Scrap Metal As A Side Gig

12 August 2020
 Categories: , Blog

If you are looking for a good side gig opportunity, you may want to think about selling scrap metal. This can be a good side gig option for someone who wants to help clean up their community and make a little money at the same time. If you aren't sure of how to get started, you'll probably find the tips below to be pretty helpful when you start your new side gig.

1. Let Others Know About Your Small Business

You might already have some scrap metal that you want to get rid of, but you won't be able to keep your side gig going if you don't pick up scrap metal from others, too. You can start by letting your friends, family members, coworkers, and people who live in your neighborhood about your side business. You can even pass out flyers or business cards, or you can advertise your side gig online. Soon, you can spread the word to others that you are willing to pick up any junk metal that they might have lying around their home or business, and soon, you should start receiving calls from people who want your help.

2. Make Sure You Have the Right Equipment

Of course, you will need to have the proper equipment in order to start selling scrap metal as a side gig. After all, you'll need to be able to transport the scrap metal to the metal recycling company. You can get started with a pickup truck, but if you want to be able to haul bigger items or bigger loads, you might want to invest in a large utility trailer.

3. Track Metal Prices

It's a good idea to find out the going rate for different types of metals. Then, you can determine when to sell scrap metal to make the most profit, and you can figure out which companies pay the most for scrap metal in your area. You may need to check online or call regularly so that you can stay up-to-date with this information since it can change daily.

4. Sell Items in Other Ways

Although your main goal might be to pick up scrap metal and sell it to a scrap metal recycling company, there is a chance that you will come across other metal items that can be sold for more money in other ways. For example, old appliances can potentially be sold to appliance repair professionals who might repair them and sell them to others, and you might find that you will get more money for selling old appliances in this way. The same may be true for other items that you pick up, so you may want to keep this in mind.