In a way, the pandemic and social immobilization measures around the world have given nature a break. Are you interested in contributing to caring for the environment while you are an entrepreneur? We will tell you that a recycling company can be a great business idea for an enterprising person and we will show you how to get started.
So you’re thinking about starting a recycling business? You’ve got a ton of experience running a recycling business, so why not get in on the ground level and see where things go? Or maybe you’ve already started a recycling business and want to know what to expect. Either way, this guide will give you the insight you need to succeed in your recycling business.
If you want to enter this booming industry and form your own recycling business, here I will show you the 7 steps you must take to create your own recycling business.
7 Best Ideas To Start Recycling Business
Whether you are looking for the best ideas to start recycling or just want to know about some cool businesses to start, here are the top 7 best ideas to start recycling in 2022.
1. Choose The Type Of Recycling You Want To Do
The first thing you should think about is what kind of recycling business you are going to start. There are many options here: recycling paper, metals, plastics, and even car tires. However, you should not do it based on what you like, but on the possibilities that are around you.
Perhaps you want to start a glass recycling business; but if in the area where you will start your business there is hardly any waste of this type, you will not have much success.
So it is vital that you first research what materials are the most thrown away in your area and could be recycled.
After this, it is also important that you check if there are other businesses in that area that are dedicated to recycling the materials that you have chosen.
This type of business is not like a clothing store or opening a restaurant, where on several streets there may be 3 or 4 different businesses of this type.
In a recycling business, unless you have a very good strategy to differentiate yourself, the competition can be very tough. I encourage you to read more about this blog here: How To Start A Car And Van Rental Business
2. Find Out Who Your Buyers Will Be
You may have thought about what materials you are going to recycle, the machines needed to do it… But who will buy the recycled material from you?
You must investigate who will be the customers to whom you sell your products because that part of the process will be the one that really generates benefits for you.
In a recycling business, it is normal for your buyers to be other businesses. So take a good look at who your potential customers could be.
Here are some ideas of clients you could look for:
- Small and medium-sized companies that sell some type of recycled product (paper, notebooks, furniture made with recycled materials).
- Small and medium offices that use recycled materials (such as pens, sheets of paper, clips and staples, etc.).
- Companies that distribute products to large stores such as shopping centers or chain stores.
- Colleges and universities (you can also sell them notebooks, bins, seats made from recycled wood, etc.).
- Public administrations such as town halls or ministries, since these government agencies are the first to show an awareness of the environment.
- Businesses that are engaged in manufacturing products solely or predominantly from recycled materials.
- Craft workshops are dedicated to making objects with recycled material.
If you have a little more budget for this business, a good idea would be to rent a place where your small recycling factory was in the back, and in the front, you could put a store where you could sell recycled items.
For example, if you decide to recycle paper, you can rent a space with enough space to put machines that recycle it and make office supplies in the back, and a stationery store in the front.
3. Create Your Business Plan
Every new business should have a business plan to serve as a guide in the first steps and to help if any problems arise in the future.
So if you already know what materials you are going to recycle and to whom you are going to sell them, prepare a good plan with the rest of the important issues for your business.
Every good business plan must provide answers to essential aspects such as:
- What will be the product or service to be sold.
- What is the potential market of the project?
- What competitors are there or what competition may arise.
- What is the available budget, how much will it cost to start the project, and whether or not funding will be needed (and how to get it)?
- Who will make up the business (how many employees will there be, who will be the director or owner and what tasks will they perform, etc.)?
- What benefits are expected to be generated, making calculations between what the production will cost and the final sale price of the product?
- The basic steps to get the project up and running.
- And what will be the marketing and sales strategy that will be implemented?
If you don’t know how to do this, read the following article: How to design your business model step by step.
4. Check Subsidies And Request An Opening Permit
The education of citizens often begins with the governments themselves. And in each country, these organizations put into operation aid and subsidy systems for those businesses that want to dedicate themselves to recycling.
For this reason, it is a good idea to go to your town hall or ministry of environment and development to be informed of possible financial aid that may be available to you.
There are also grants for new entrepreneurs that you can take advantage of to finance your recycling business.
So find out before asking for a loan from the bank if you do not have enough money to start your project.
In addition, it is important that you carry out the necessary procedures to register your business and obtain an opening license.
For this type of business, a permit is usually needed to resell objects (even if they are recycled) such as gold, car wheels, and other delicate materials.
5. Choose How You Will Collect The Materials
To start this business, you will also have to think about where you will collect the raw material that will start your project.
There are several ways that you can put into practice to collect waste that will later be recycled.
For example, you can set up a clean point in a crowded area where you place a container for the material you have chosen to recycle so that people can throw away their waste for free.
The second option would be to offer to go house to house to collect the waste; here you can make the service free, or get paid a small amount for removing it from homes.
Remember that here, if you decide that the collection is free, you will have to count on the gasoline costs of the truck with which you provide the service.
As a third option, you can agree with different businesses and companies to collect the materials they no longer use at their facilities for free and take them to your small recycling plant.
Here you can collaborate with offices that frequently throw away paper and cardboard if you want to recycle paper, or with bars and factories if you are going to reuse materials such as oil, metals, plastics or glass.
6. Find A Place For Recycling
Now that you know where to get your materials, customers to sell to, and a good business plan, it’s time to find a location for your recycling business.
Depending on the products you are going to recycle, you will need a larger or smaller place , and it can be located in the middle of the city or on the outskirts.
If you want to recycle paper, you can rent a small central location; but if your business will be glass, the warehouse must be larger because the articles made with this material usually occupy more than paper.
The most important thing here is that you check the necessary space because there are machines for these companies that usually occupy more than other types.
7. Contact The Machinery Manufacturers
This is the final step in starting your recycling business. When you have seen a few places to rent, contact different manufacturers of machinery for recycling and request a quote from each one to find out their prices.
Depending on the money you have to invest in this, you can rent or buy the machines you need. Not all manufacturers offer the option of renting them, but more and more are doing so every day because they see that it is more profitable for them than selling just one machine.
My personal recommendation is that at the beginning you rent the machinery in case your business does not turn out as expected; thus the investment will be less and you will run less risk.
And if you can agree to rent with the option to buy in the future, even better.
Take a good look at what sales conditions (guarantees, repairs, etc.) each supplier offers you, and what price is the most appropriate for your budget.
Once you have taken all these steps, you will only have to start collecting the materials, press the power button on your machines, and recycle and earn income!
A recycling business can be a very lucrative project if you know how to manage it well, and you will also sleep better at night knowing that you are doing something valuable to change the world. And you, have you thought about starting your own recycling business? Leave me a comment below and tell me what you think of this type of business. Be green!
Four Ideas To Earn Money With Recycling Without Leaving Home
You’ve heard about how you can get paid to recycle your old stuff, but what if you could do it on the side and earn extra cash? Check out these 4 ideas for earning extra cash with recycling.
1.- Separate the garbage: in your house, you surely have a waste of cardboard, aluminum, glass, and plastic, among others. Many people have found this a way to earn extra money and others even survive thanks to it.
First, separate each of the materials, do not have a general container for all the garbage. Have different containers so that you store separately what can be recycled. Then locate companies in your city that buy these materials, there are some that pay by units and others by weight, find those that offer the best deals and that’s it. You will get some extra money while contributing to your planet.
You can sell plastic bottles (where they pack water, and soft drinks, among others), glass, paint cans, food cans, beverage cans, cardboard boxes or sheets, etc. Companies buy all of the above and more.
2.- Sell electronics online: look around your house, you will surely find old mobiles, phone chargers that you no longer use, computers, monitors, cables, or old video game consoles, among many other “junk” items that you may have in your home.
You’d be surprised how many people are willing to buy such things and go online hoping someone wants to get rid of them. It does not matter if the mobiles or electronic devices are not functional, you can sell them for spare parts and add extra money to your bank account that you did not have in mind.
Globally, around 50 million tons of electronic scrap is produced annually, much of which could be reused if people had the will to do so, become the change while you help -for a small fee- people who need to repair your devices or purchase vintage gadgets.
3.- Carry out regular garage sales: not only electronics can be sold. From time to time you can get rid of unnecessary items from your house so you don’t accumulate things you don’t use. You can offer clothes, kitchen utensils, shoes, toys, accessories, books, decorations, and exercise machines, there are practically no limits. The best thing about this is that you will be given a second chance to have a new useful life for those items that you have forgotten, stored somewhere in the house, sometimes even getting in the way.
4.- Market with crafts: there are a lot of original items that can be made thanks to recycled materials and there are also many people willing to pay to obtain them. If you are good with this type of art and have some free time you could market these products online.
You can make from original pots with plastic or glass bottles, pictures using old CDs and cans, to cardboard frames. You have many options available and all of them are positive if you really want to achieve a change in the consumption you give to your resources.
All the ideas provided above serve to make a little money on your recycling task, which may give you that extra boost you need. But if you are really thinking about creating an online business selling your recycled creations, you can create a free online store, which, according to Gananci, has more advantages than a physical store and could even become the business of your life.
Is Recycling A Good Way To Make Money?
Does recycling become money – recycling as a source of income
how do they go together? Most consumers dispose of their waste relatively carelessly. They don’t know what treasures they are missing out on Recycling waste is a suitable source of financial income, as unusual as it may sound.
Turn Bottle Deposit Into Money
On May 1, 2006, the federal government introduced a deposit on cans and plastic bottles. Up to 25 cents are paid for such a container at the supermarket vending machines – easy money! This method is well-known and already used by many people. It is worth going bottle and can hunting, especially at larger events.
Collecting Waste Paper Is Worthwhile
The bottle deposit is widespread among the population. What about lesser-known garbage methods of making money? One way is to collect paper, preferably in gigantic amounts! A ton of paper brings in just under 60 to 100 euros in income if you sell it to a paper mill. As a private consumer, you should contact the local waste paper collection point to inquire about the current market price. On average, a 2-person household generates around 35 kilos of waste paper per week. That makes a good 10 euros a month for rubbish!
Technical Devices Do Not Belong In The Trash Can
Many consumers store old smartphones in drawers without ever taking them out again. According to statistics, this should be more than 80 million devices! If the mobile phone is still working, it can be auctioned off on online auction platforms. So-called purchase services pay up to 4 euros per kilo, with mobile phones, PDAs, and smartphones being accepted. Why is money still paid for broken technology? Such devices are used exclusively for recycling, i.e. the valuable materials should be reused. Cell phones are made of copper, silver, and even traces of gold. In addition to these devices, CDs, DVDs, and blanks can be sold by the kilo to interested Internet companies. Before selling, you should check whether a data carrier brings in more money when sold individually.
Sell Precious Metals Yourself
The metals aluminum, copper, brass, and zinc are in high demand on the market. However, you should collect them by the kilo, otherwise, recycling is not worthwhile. Currently, more than 6 euros per kilo are paid for pure copper. Such metals can be sold at scrap dealers and also on the Internet. The prices differ enormously, so a price comparison is worthwhile.
Yes, it is actually true: money for garbage is not utopian. The easiest way to do this is with returnable bottles, as they have a uniform sales value. The situation is different with expensive precious metals and technical devices. Each dealer has his own purchase price. Caution is advised on the Internet, as the prices sometimes paid are far too low. Every consumer should examine his household and draw conclusions as to whether a specific type of waste would be suitable as a small additional income.
Which Recycling Business Is Most Profitable?
Better plastics, more recycling, less waste: With a comprehensive strategy against plastic waste, the EU Commission wants to better protect people and the environment and at the same time help the recycling industry in Europe to boom. All plastic packaging should be recyclable by 2030. “We must prevent plastic from getting into our water, our food, and even our bodies,” Commission Vice-President Frans Timmermans said in Strasbourg on Tuesday.
According to the EU Commission, around 26 million tons of plastic waste are generated across Europe every year. Just under 30 percent of this is collected for recycling, and the remaining 70 percent ends up in landfills, incinerators or in the environment, especially in the oceans. The topic has been particularly explosive since the beginning of the year because China has stopped importing waste. Germany alone has been exporting around 560,000 tons of plastic waste per year there, which now has to be recycled or incinerated in some other way.
One goal of the plastic strategy is to make recycling profitable in Europe, too, said Timmerman’s colleague Jyrki Katainen. He gave two reasons that speak against it so far: There are no uniform standards for recycled plastic and therefore doubts about the quality. And the starting material is too different because, for example, dyes or chemicals are added to the packaging.
The Commission is planning new guidelines for the industry to make plastic easier to recycle. It promises 100 million euros in funding for research into improved materials by 2020. In addition, she wants to promote a more homogeneous collection throughout Europe. This could make recycling cheaper by up to 100 euros per ton, the authority explained. By 2030, 200,000 new jobs could be created in sorting and recycling.
Before the end of 2018, the Commission wants to propose new rules to avoid single-use plastic items, such as plastic straws, disposable cutlery, or lids for coffee mugs. Educational campaigns are intended to get consumers to rethink. The admixture of microplastic particles in cosmetics and detergents should be prevented.
How Much Does It Cost How To Start A Recycling Business?
Many companies fail because they do not calculate the costs correctly. These depend on the type of disposal that the company offers. For example, if you want to dispose of household waste, you usually have to provide a garbage can for every household. This means an investment that can amount to millions. In the beginning, it is therefore better to concentrate on specific tasks, such as picking up bundled paper or disposing of construction waste for smaller construction projects.
The Chambers of Commerce and Industry help to draw up a business plan. The chambers and the house bank also advise on subsidies. The following lists refer to a start as a waste disposal company that specializes in one type of waste and would like to offer individual disposal, i.e. no waste disposal.
In conclusion, to start a recycling business, you’ll need to do a few things. You’ll need a good location. You’ll need to find a product that’s in demand. You’ll need to educate yourself about the recycling process. You’ll need to determine how much you’re willing to invest and how much profit you’re willing to sacrifice. You’ll need to research potential suppliers and partners. You’ll need to set up a system that can keep track of everything that needs to be recycled and make sure it gets done. You’ll need a strong customer base and a reliable business model.
Learn More About How To Start A Recycling Business With 7 Best Ideas And Tips From businessjohn