Today, there are hundreds of recycling companies worldwide. People are setting up recycling units in their backyards because it is easy to manage and needs low key investment. Even though there are a lot of resources available on the Internet about a recycling company, people are still confused as to where to make a start. There are several common questions that crop up when you are about to set up a recycling unit. Setting up a profitable recycling unit is very easy actually.
What can I recycle?
Any waste material like plastics, cans, metals, paper, cardboards, textiles and food can be recycled. If you would like to make a start in this industry then you need to decide in what area you would like to specialize. All the materials have a pretty high demand in the markets today.
What do you need?
To start a recycling unit, you will first of all need some storage space. Over a period of time you would be collecting a considerable amount of recycling material and you will need a godown or a garage to keep these items. You need not have something fancy for this and even your car garage will do for setting it up.
How to get started?
Start speaking to other dealers with whom you can network. Proximity and accessibility to these dealers is also important at the same time. You can start small by telling the dealer that you will be supplying recyclable material on a regular basis. Once you have set up a network of reliable dealers, start sourcing the material.
You may not be able to collect this material from your household alone. Start speaking to the people in your neighborhood and ask them to dump the recyclable materials in your yard. Anybody will be happy to do so as long as they can discard the junk from their house. Educate people on the value of recycling and also offer small incentives in the beginning.
Financial support
If you are looking for some amount of financial assistance in setting up a recycling company then you should approach small scale industries financiers. Recycling is being encouraged on a worldwide basis. Also people like financial organizations are willing to invest in such small scale setup. You may require some amount of investment to buy a pickup truck and other equipment like weighing scales.
Once you set up a recycling unit give it some time to take off. It may take a few months for you to establish yourself. However, once you have made the network with dealers and other business men involved you will gain the confidence. Also, you will learn about all the metals and materials that can be recycled for profit. During this time keep abreast of the trends and technology that are changing the recycling industry. Learn to identify various types of scrap metals and plastics. You can start organizing yourself once the business takes off. Starting a recycling company is one of the types of business where you can make higher profits compared to your original investment.
Last Updated on 7 months by Thanam Industry
