FC Community
Discussion Boards => Off-Topic => Topic started by: dansazz on May 29, 2012, 12:20:54 pm
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if you go around finding metal to scrap for money, is it worth your time? or can you make more money easier
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All depends how much you think your time is worth, its good for the environment for sure
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Your time is worth the most that you can get for it.
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I think that depends on what kind of jobs are available where you are and of course how well you are set up for scrapping.
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It is like any other business... you need to work hard and have contacts. If you are going to drive around all day looking for stuff in alleys, you are going to go broke. You need to have contacts in construction and demolition companies as well as others in order to get easy big scores. It is a difficult business, but can be profitable if done right.
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My dad used to bring home scrap wiring from the job site that they were just going to throw away. If you strip off the outer coating it was copper rods. Sometimes it would be as much as $90 for a pile of it. You will have to see how much the facility pays per lbs to really find out if it is worth your time and sometimes it will fluctuate depending on the metal.
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I think with any job, you've got to work to make it worth it!
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If thats all you are doing and have time to scrap things out its not a bad living. I know someone who does it but my husband likes to think he can scrap things out to make extra money but he has a full time job so when he gets stuff to scrap,it sits around the house and I cant stand a junky looking yard!!!
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An time you can make a little money is a good.
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Probably not worth your time unless you have a lot scrap metal laying around.
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Depending on how much scrap metal is around your neighborhood, it's probably a pretty good way to make some extra money. If you have unlimited time, it could also be a full time job.
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I do some minimal scrapping with aluminum cans. I have quarterly goals of tendollars worth of aluminum cans(which is abour seven hundred cans). I usually add one filing cabinet and about one hundred pounds of steel/wrought iron. I have two full time jobs(again) so this is bout the extent of time that I can spend scrapping. It works out to a little more than ten dollars per month after gas money to the scrap yard has been spent. I see all sorts of people coming in with pick-up trucks filled to the brim with scrap metal and I know that they are doing pretty well. Like a few of the other writers have aluded: If you put the time into doing it right you can have a viable source of income, as with any endeavor.