Becoming A Full Time Scrapper
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- เผยแพร่เมื่อ 22 มิ.ย. 2022
- 📈 Check Scrap Prices: iScrapApp.com/ - When is the right time to start thinking about becoming a full-time scrapper? Tom goes through several things you will have to think about and plan for before you make the MAJOR move.
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Tom - a frequent question in the forums and discussions. You hit on some very important aspects that most folks don't consider when going full time. There's a huge difference between being a hobby scrapper and running a full time scrap/recycling biz. HUGE DIFFERENCE I may have missed it but there's also the increase cost of insurance and new insurance that one must have: liability and commercial vehicle at a minimum. Plus this is a very capital intensive biz: truck, trailer, tools, scale, etc. I'm two years into boot strapping Shark Scrapper LLC and pouring every penny back into the biz. This is not for the faint of heart to be sure.
I just spent $34000 on tool upgrades
@@williamwahlert8414 😮😮
There is a lot of expenses you don't think about- that's why we have vidoes and articles going over them.
Very good advice!! Been full time for almost three years...hobbyist for over 30. It is definitely a different ballgame, but with proper planning can be very lucrative, too!
Absolutely!
I am working on going full on E-Waste recycling. I have a sales job at the moment. Got a LLC going. I am currently building my name. I started with one computer to collecting a few thousand IT pieces. Advertising on Facebook and Google. Word of mouth has been great as well. Also put up my website. I get really happy when I pickup a load of computers and such. It makes me feel great when I am out collecting. I also know my grades of things which helps alot.
E waste is good but electronics are getting smaller and smaller I see good for another 5 years gold and silver recovery is less and less
Great to hear that.
I just went scrapping full time. I have a 10% compression fracture in my T12 and detereating discs between L4 and L5. You can scrap with a bad back, if you learn how to do it and know your limitations. Number one for me is building and maintaining latereal muscles, the ones up your sides. These will take the strain off your back. Most important is lifting tecnique. If you do not lift properly you cannot with a "bad" back, if you have a good back it won't be for long. Love your channel, very informative!!!
Appreciate the support. Stay Safe!
It is a very physically demanding job but that's not a problem for me. I love it. I like the tough work. It's getting paid for working out, weight lifting. I picked up and carried 170 pound electric motors today. My problem is the business and finance part. I have no idea how to get regular customers, or if I need to start an LLC, do I need insurance, how to advertise, etc. That's what I'm trying to figure out. Once I have the metal, I got it from there. I know how to separate all the metals to make as much profit as possible.
That is the tough part- hopefully the video and some of the blogs we have written will help.
Awesome video Tom.
Thanks!
Excellent advice word for word I couldn't agree more Tom! I get a receipt for everything I do! always have! Thanks for the tips! Rockaway Recycling ♻️ ♥️ 😎 ✌️
You are very welcome
Very good information
So nice of you
I started my business this yr, been scrapping since 2014..the hustle is the key...I've invested everything back into the business, 2 trailers, 3 employees, a ton of commercial accounts...it's rough going in the beginning but once you get rolling don't let it slow down..push push push
Love hearing that- keep going and send pictures!
I find that if I do 3 different things it provides me the best security and income. I have a full time job. I have the recycling business (scapping), and I also repair if need to and sell stuff thru various outlets. When scrap prices are down I dont do as much scrapping and I concentrate more on selling. If my full time job disappears I have the scrapping and selling to supplement until I find something full time. By doing this I always have more work than I can handle and dont do the less profitable things.
Sounds like a smart gameplan you have. Being able to say "no" to certain things is GREAT.
You have described what it takes to be successful in any business. Excellent insights.
So happy it helped!
Very good advice on started scrapping but now yards are sending me stuff to process for them copper wire I bought a fork lift and a ware house I am at 15k avg a week and I will have about 100k lb of granulating wire ones my machine is in place I hope all works out good I am nervous but I got about 8 to 9 scrap yards backing me and 1 broker
Good for you! Email us at info@iscrapapp.com for some prices on the chop, we would love to work with you.
Tough running your own business. Always something that could put you out of business almost every month. Seasonal businesses, are doubly tough. Good luck, never let up.
Well said!
My dad's a iron worker he's always telling me about all the steel they throw in the dumpster am like you know am a scarper why do you tell me that
IT is crazy what gets thrown away!
100%
Mic drop.
Wear some head protection for sun. Today sun burned my brain even I was in scrap handler 5 hours and approx 1h out on direct sunlight
Smart smart! Hard hat!
After twenty plus years, there is NO way is it worth becoming a full time scrapper. There are way to many other people scrapping in my area. And the scrap yards has held near the same prices for more than five years. Even though the price for something like clear sheet aluminum has gone up around my area.
That’s what I’m thinking you would need serious connections
Interesting perspective.
What a worst time to do this full time! Prices are only fading guys. Be careful.
That is when you can charge to get rid of stuff.
It’s 95 a ton and it’s going to drop from there
40 a ton is in the future
How is it now?
140 where I’m at but I’ve been out of the game for 2 months my truck broke down and I’m not sure if I’m going to replace it