The price of scrap metal is an important factor you should consider if you want to make real money in this field of business. Without you knowing the price of scrap metal, you could waste an enormous amount of time collecting garbage metals that barely cover your gas expense.
In the details, that follow I’ll briefly describe a few ways you can determine the price for scrap metal on your own.
If You Don’t Know, Ask
Ask – I’m sure you see fellow scrap metal recyclers all the time. Usually the day and night before trash day. You may have even considered them a nuisance at one time but the truth is, there is money in scrap metal.
I certainly would not wear my good clothes or drive my good car to go and pick up rusty metal scraps so don’t judge scrappers to critically or assume they are homeless or worse.
Speak with six or more of the scrappers that you see in your area. Don’t necessarily ask them where they get their metals from; instead ask them which scrap metals are most valuable.
You may find that some of the fellows willingly share, yet some may seem disgruntled. Never take offense simply ask another person that you run into.
If you’re able to get some information on pricing, which scrap metal is worth the most money be sure to write the information down. Although the price of scrap metal changes throughout the day, you should never wait weeks at a time before you check for scrap metals buying and selling prices. Some days are actually better to sell your scrap on than others are, so as a rule you should always check for any updates on the price of scrap metal at minimum, every 2 days.
Scrap Yards and Scrap Buyers
Direct – Contact scrap metal buyers by phone to determine the price of scrap metal. Use the internet or the phone book and locate local scrap metal buyers in your area.
There are typically a number of good metal buyers in your area but before you travel to far in search of a higher payoff always factor in your load of scrap metal and the gas it will cost to get you there.
This is why I suggest building a common bond with multiple scrap metal dealers. Some near you and some that are further away, who of course pay more. However having a few other locations that you provide scrap metal for can often help you avoid long lines at the scrap yard.
Read the 2nd part of this article HERE
Be sure to check out my other articles on scrap metal as well for more tips that you can use. If you are starting your own scrap metal business, I have some great tips that you can use to get the word out.