If you feel like you’ve been thrown on the scrap heap in these lean economic times, then cash in on the scraps. You can literally be sitting on a gold mine.
In just five days, you can create a small fortune with the scraps scattered around your home.


Day 1: Plan and Pick

Converting your scrap into cash will require some planning and preparation. There are companies that will buy old car batteries, gutters, pipes, sinks and air conditioning units. Metal is another coveted item that can give you some quick cash if you’re prepared to strip some electrical goods for the metal and copper then you will earn a nice wedge! Fortunately, many objects are made from metal parts, so you might need to think outside of the box.

Day 2: Collect

You can look all over your home, neighbourhood and garden for scraps. Once you know what you are going to sell, you can ask friends, family, colleagues and neighbours if they would like to give you any of their old scraps.

Day 3: Search

Once you have collected your scraps, you will need to search for companies that will buy it from you. A quick internet search should yield a number of local results. Some of the most common searches that can get you started are “scrap dealers” and “we buy scrap (Whatever the object is)”. A good quick tip is to call the company before heading over there because some companies may only be interested in certain types or quantities of scraps. The British economic recession has also seen an increase in questionable, and sometimes illegal, scrap collecting practices. Do not be surprised if the seller wants to see some type of identification!

Day 4: Sell

Calling ahead can also give you the competitive advantage. Once you have determined which companies are good candidates, you can shop around for the best deal. Each company will offer varying prices for your scraps. If you ask for a rough estimate, then you can narrow your search. After you have found the best dealer, it’s time to cash in on your hard work.

Day 5: Celebrate

You might have had to literally and figuratively dig for those scraps, but you have just tasted success. While the reward may not seem grand, perhaps you can indulge yourself to your favourite café espresso or dessert. In a small amount of time and effort and no cash, you have just made yourself a small fortune. If you turn this into a new habit, it is a habit that you can recycle over again for profit.

 

ABOUT THE AUTHOR:

Peter has received many accreditation's including many from the Times Online. As founder of You Could Save (2005) and What Stationers (2007) Peter regularly helps consumers and national organisation ‘save money’. He believes that the only successful way to bring people together online is to provide an open marketplace where people can all work together in a friendly, unbiased environment. You can contact Peter Millikin either through his Google+ account or via his websites.

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