How to Make Money from Scrap Metals

Scrap metals can be found everywhere. In the yard, at the streets, or at demolishing site. But, not many people know that scrap metal can help you to make money. Here are easy ways to get money from scrap metals.

Prepare the Tools
You will need a magnet to help you to collect the scrap metals. This magnet will hep you to distinguish ferrous metals and non ferrous metals. If the magnet is stick to the metals, you are likely to find a ferrous. If it is not, it is more likely a non ferrous metals. Prepare yourself with a truck or a barrel to store metals you have collected. Basic knowledge of different types of metals is a plus.

Start Collecting the Metals
The best thing about collecting scrap metal is you can likely to find it everywhere. Sometimes, people throw it away because they don't know how valuable is the scraps which is a lucky chance for you. You can go from door to door and pass out flyers letting people know that you are collecting the scrap metal and would be happy to take it from them. Visiting demolition sites will also give you a big chance to find and collect the scraps. However, always ask permission when visiting a property that is not yours to avoid being accused of theft to collect the scrap metal.

Sorting the Metals
Now you have collected the scraps. The next step is to separate the metals based on its type. This will ensure that you get the most money possible for your collection. Put each types of the metals to each container. Do not mix two types of metals in one container since you may get paid for one type of metal instead of both. Also do not forget to clean your metals from other materials that attached into it. If there are any materials attached to the metals, it is likely to downgrade the quality of scraps and you are likely to receive lower payment.


Time to Sell
Bring and sell your metals that been sorted before to the local scrapyard. Make a little research which scrapyard offer the best price of scrap metal. In most cases, you will find that they are all comparable to each other.

Now you know how to make many from scrap metal. What are you waiting for?