How To Start A Scrap Metal Business - Metal Prices -

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Uploaded by on Oct 6, 2009

http://www.FreeGovernmentAuctionsOnline.org
Are you interested in starting a scrap metal business? Lately it seems that more and more individuals are looking into the possibility of starting a scrap metal business. No doubt this business seems to have put a lot of cash into the pockets of many individuals. We all have heard stories of individuals who have left high paying jobs, purchased a heavy duty pickup truck, began picking up unwanted appliances and scrap metal from the streets, and end up making more in this business than they had at prior jobs. The prospect of making a $150,000 a year or more draws a lot of individuals into this business. And, sure enough there are many individuals who make that much and even more, yes much more. So, What might someone need in order to get started in this business.

For one, there are probably several types of scrap metal businesses a person can start. But, before starting any type of business it is extremely important to talk to the Authorities in your state, county, or town in order to obtain the proper licensing. It would not be worth starting something, make a lot of money a it, and be shut down by the Government only because you did not obtain the proper licensing or pay your taxes. Therefore, do your homework. As mentioned above there are probably several different types of scrap metal businesses a person can start. But, let's talk about how a person can start this business from the bottom and work their way up to the top.

First, You'll Need A Vehicle. You are most likely going to need a truck or a van to run your scrap metal business. This is what you will use to transport the scrap to the scrap yard, or recycling facility. Many individuals have started their scrap metal business with a pickup truck or cargo van. If you do not yet have a truck or van and are thinking of purchasing one, then a good place to look at might be Free Government Auctions Online. The U.S. Government auctions off almost anything you can think of on a weekly basis and now many of these auctions are held online. A large number of these auctions are held on sites like eBay and are free to join. For a list of free Government Auctions held on eBay and throughout the internet go to http://www.FreeGovernmentAuctionsOnline.org . On the site you will find information on many Government Agencies holding free online auctions, some of which may be in your neighborhood. Therefore, if you are looking for a suitable vehicle for your scrap metal business, then a good place to start would be the website listed above.

Second. Finding Scrap Metal. Again I would recommend looking for scrap metal at Government Auctions as well. The U.S. Government is probably the biggest seller of scrap metal in the world. But, don't quote me on that. For example, the Department of Defense or the DOD sells anything from military surplus, to scraps of retired navy vessels, to well over 600,000 lbs of artillery shells. They have several millions of pounds of almost any type of metal you can think of. Metals such as: Aluminum, Brass, Copper, Lead, Mixed Metals, Steel, and much, much more. Don't forget that America's Defense Budget is the largest in the world. Many times the size of several nations combined. Many City Agencies sell scrap metal as well. For example, I once saw an online government auction in Miami selling several tons of hurricane shutters made of aluminum. I think the auction was held by the Miami Housing Authority and the aluminum shutters appeared to be in great shape. Maybe they found a different type of hurricane shutter to use. Either way, it looked as if no one was bidding on the auction at all, which started at around $10. One type of scrap metal that may be found at free government auctions online are used vehicles at dirt cheap prices. Some auctions I have seen close with no buyers for vehicles going for $100 or less. If you have a way of transporting these vehicles to the scrap yard, then you may be in business. Note though that some government agencies hold their auctions for a set price. They hold Reserve auctions and only want a set price or at least a certain amount for their item. And there may be certain restrictions by the government agency as to whom you may resell the scrap or certain military vehicles and components to. Therefore, do your homework. All information pertaining to the auction should be available on the site and help is most likely available. If you are interested in what is available, then go to: http://www.FreeGovernmentAuctionsOnline.org

http://www.youtube.com/watch?v=Qqw7joAvJAg

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Uploader Comments (GovAuctionDude)

  • Alex good Video But you forgot to Mention that in order to Purchase this Material your Pockets better be Deep

  • I think it all depends on who you ask. To some people $1000 - $4000 is a lot of money. To others it's an investment. Believe it or not I have seen some Government Auctions online for scrap metal end pretty cheaply. I guess at that time no one was looking out for the scrap and the winning bidder got it. Don't forget that some agencies want to get rid of this stuff. They just want it off their lot. To them it's all garbage and some might have even been willing to pay to get rid of it

  • bs ther are over 1000 millonairs there how can you buy anything

    this is a fake the site is trying to rob you

  • Not true. I know that from personal experience that a lot of guys have gotten good deals out there from the GOV. And that may be because their competition often thinks that there are only millionaires with million dollar bids. Therefore the competition doesn't bother to participate and that works out great for those who do.

  • The Site is Free

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  • Do you know any sites for Canada?

  • if i want to start a recycling business, say like recycling cans and beer bottles, i can buy them from people, but then who should i sell to? who is my client? can some one get me a hint? tried to search online but find nothing.

  • In response to what all of your are saying, and it looks like none of you know what your talking about, i own a recycling company and a lot of work for GOV, yes you can make 6-7 figures in this business but having the connections, logistics, buyers, sellers, employees is just the tip of the iceburg and yes to make big money you need around 50-200k to invest, i actually broker for people through my company want to talk more about it call me 318-517-0364 Tracy Bennett DBA Blackwood Services LLC

  • In response to what all of your are saying, and it looks like none of you know what your talking about, i own a recycling company and a lot of work for GOV, yes you can make 6-7 figures in this business but having the connections, logistics, buyers, sellers, employees is just the tip of the iceburg and yes to make big money you need around 50-200k to invest, i actually broker for people through my company want to talk more about it call me 318-517-0364 Tracy Bennett DBA Blackwood Services LLC

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