Making Money With Scrap Metal

One man's trash is another man's treasure and that is very true when it comes to making money with scrap metal. By studying about ten of the most desired scrap metals and getting to know and trust a dealer or buyer, you can be well on your way to making money by selling scrap metal in very little time.

Which metals?

Some of the more popular ferrous scrap metals sold include:

Image Source: Google

– Aluminum

– Iron

– Copper

– Brass

– Platinum

– Bronze

– Stainless Steel

Check with as many local scrap metal dealers as possible. They all offer different prices and some locations only deal in certain metals. Also remember that at different times, some metals are more in demand than others. Keep an eye on the market and talk to your dealer often to determine what is in high demand. Once you build rapport with a particular dealer, you may find that they will consistently offer you the best prices and accept a large range of metals.

Where can I find these metals?

Two words can drive this rather easy way to make money: junk and inconvenience. If you peruse the daily classifieds, you will often see listings for free giveaways or curb alerts. People may have free fencing, large metal pieces, and dead appliances that are free for the taking if you will just get it out of their home or yard. They may not have the time, resources, or motivation to haul this "junk" away. If they don't want to make money on their "junk", then you can. 

Sometimes, it may be difficult to tell if something is just out or waiting for the trash company. Make sure you get permission from the property owner before taking an item. It may be pending pick up from someone else who sells scrap to make money.