3 Tips For Making Money Selling Scrap Metal

Scrap metal is in many everyday items, but many people throw it away not realizing that it can be recycled and that money can be made by selling it. Selling scrap metal is not for everyone-- in order to make enough money to make it worth your time you will need to be knowledgeable, organized, and hard working. But once you get the hang of selling scrap metal, it is possible to make good supplemental income. Use the following tips if you want to make extra money selling scrap metal:

Learn What Scrap Metal is Worth Money

Before trying to sell any scrap metal, it is important to do some research to understand what metals are more valuable than others, and what items have those types of scrap metal available. Prices for scrap metal fluctuate often, but copper is typically in high demand. However, obtaining scrap copper can be difficult, and it may be more lucrative to focus on selling a higher volume of other types of scrap metal that are more easily obtainable. The time you spend studying the market will make a big difference in how much money you can make selling scrap metal. 

Offer Your Services

For most people, getting rid of a washer, dryer, old tools, or a permanently broken down junk car is a hassle. These things need to go from a house, but many people don't want to spend much money to get them hauled away. If you want to get a hold of as much scrap metal as possible, offer pick up and haul away services free-- there is a good chance that you will be inundated with calls or emails from homeowners who want to get rid of old appliances or vehicles. If you have access to a pick up truck or larger vehicle you will most likely make more money.

Find the Best Scrap Buyer

If you work hard to collect items that can be sold for scrap metal, it is in your best interest to find the scrap yard that offers the best prices. Before taking a load of items that can be used for scrap metal, contact several scrap metal yards in your area to see what their rates are. If you're serious about selling scrap metal on a long term basis, forming a relationship with the scrap metal yard, such as American Northwest Recycling, that pays the highest prices can work in your favor.