Starting a recycling business may sound impossible. But if you are looking for a business with low startup costs that will also help save the planet, then this business may be for you.
Americans throw away approximately 200 million tons of solid waste each year. That's an almost infinite source of raw materials for your business. And while some aspects of recycling, such as industrial aluminum recycling, may not be viable as a home business, there are many other aspects of recycling that are accessible and profitable. There is definitely money to be made in the collection and redemption of recyclable materials. The key to succeeding is to find an area that is untapped and get the word out once you open up shop.
Your business may be as simple as picking up recyclables from customers and then taking them to the nearest redemption center for cash. The college-age son of a friend of mine helped pay his way through school doing just that. With nothing more than a truck, a cell phone, and some flyers for promotion, he was able to start a recycling business by providing boxes to clients for them to fill and then picking them up each week and taking them to the redemption center and collecting the cash.
Whichever route you choose, start by doing your research on which types of recyclables are most profitable, how you will collect them and who will purchase them from you for the best rate. Investigate your competitors. What do they recycle? Is there enough demand for another recycling business? How can you set yourself apart from your competition?
What materials will you recycle? Paper, bottles, and cans are all easily collected. However, you can also recycle old electronics or computers. Be sure you have space to store whatever you collect until you haul it to the redemption center.
Starting a recycling business can give you a way to help the environment and make money at the same time. 200 million tons of waste are thrown away every year, so your business has plenty of opportunity to succeed. Create a solid business plan to set your business up for success. Then educate your prospects on the importance of recycling and the benefits of using your company and you can make a living while saving the planet!