Any individual can earn handsome money from recycling business. The magnitude of garbage that we produce is increasing day-by-day at a disturbing rate. While most people are aware of the effects of not recycling used materials, much more are not even aware that recycling can be a lucrative business. You must know the process recycling of the specific product that you want to recycle. This is also an eco-friendly operation. Most of the recycling business are considered as small-scale manufacturing. To start any recycling business, it requires a good knowledge of where to sell the recycled products and most importantly, where you obtain the goods for recycling. Read the post to know how to start a recycling business from home.
How To Start Recycling Business
Knowing how to start a recycling business will offer you a way of earning money in an eco-friendly manner. Recycling business is not about collecting soda cans, bottles, and old paper, but in fact, most profitable recycling businesses concentrate on other items and materials. Such as the gold found in computers and cell phones or re-selling household goods.
Starting recycling business requires a good knowledge of where to collect your goods and where to sell them, as well as strong entrepreneurial skills and perseverance. Do some market research and determine the need for a recycling business in your area. In your business territory, check if there are other companies, which have already commenced such business.
Do some market research and determine the need for a recycling business in your area. In your business territory, check if there are other companies, which have already commenced such business. Select the right product. Craft a business plan. Your business plan must contain startup investments, initial capital, the targeted markets, advertising strategies, projected revenue and the operational plan.
Obtain a business license by registering your business with your city. Check the rules of the Government authority of your are such as Hazardous Waste (Management, Handling and Trans boundary Movement) Rules, Central Pollution Control Board, Environment Protection Act (EPA), The e-waste (management and handling) Rules and Municipal Solid Wastes (Management and Handling) Rules.
Select a location for your business. According to your budget find a retail place. Procure machinery, equipment, and tools for the operation. Here is 15 most profitable recycling business ideas for your ready reference.
15 Profitable Recycling Business Ideas & Opportunities
#1. Aluminium Recycling
Aluminum is the second most recycled metal globally. Aluminium cans, industrial scrap, and household aluminium items are the good proposition for this business.
#2. Battery Recycling
Batteries can be broken down into 7 basic categories. These are lead-acid, carbon zinc, alkaline, NIMH, NICAD, lithium ion, and zinc air. These all have the good market to sell individually.
#3. Bookbinding & Repair
Old and broken bookbinding is a good business to start from home. You can also sell them through a vending machine.
#4. Cartridge Refilling
Cartridge refilling business is about providing ink and toner cartridge refilling service to your client instead of buying a new one. It is also beneficial for the environment as it reduces e-waste in landfills. Read More…
#5. Construction Waste
Wood, nails & screws, plaster, drywall, concrete, rock, ceramic tile, vinyl flooring, particle board, electrical wire, vinyl siding, steel, aluminum, brass, copper pipe, steel pipe, foam insulation, fiberglass insulation, stainless steel, resale able items etc. are considered as construction waste materials. These items are recyclable in some form.
#6. Cooking Oil
Most of the hotels and restaurant want this service. You can collect used oils from them. Remove the impurities for the oil and sell it again.
#7. Electric Wire
Electrical wire is basically a conductive metal wrapped in a plastic insulation. The most common metal used in the electrical wire are copper and aluminium. So from electric wire, you will get three items, such as copper, aluminium and plastic or polymer.
#8. E-waste Recycling
E-waste is a global environmental issue in recent phenomena. By starting an e-waste recycling business one can make money out of helping environment toxic free. The objective to start an e-waste recycling company is to create an opportunity to transfer e-waste into socially and industrially beneficial raw materials like valuable metals, plastics, glass etc. by using simple cost effective technology. Read More…
Recyclable gold can be found from ol PCs and other eectronics items. You can also collect gold for from other company who is not in this business.
This is a very good eco-friendly business idea too. Through this business, you are actually making reusable paper without cutting another tree. Paper comes up with different variety and grades. Some of the popular grades are corrugated, glossy, newsprint, white, office scraps etc. You can also collect paper through providing on-site paper shredding service to the corporate clients.
Most of the plastic contains different variety of grades. Such as LDPE, HDPE, PP etc. You must consider the separation first. Choosing right equipment plays a very important role in this business.
Other than end consumers, you can collect tyre from the tyre retailers also. Car and light truck tires are made from rubber compounds, steel wire, and synthetic and natural fibers. All of these materials are recyclable.
#13. Used Kid’s Clothing
Kids grow very fast. As a result, their clothes become unusable very fast. You can start buying those clothes from the parents. And after a proper hygenic cleaning, you can sell those clothes. You can sell these clothes from online marketplaces also. You can also accept used toys and books to add additional products to your offerings.
Vermicompost organic fertilizer production has now become a major component of agri-business models across the country with a very low initial investment. Read More…
#15. Wood Recycling
Recyclable wood can come from numerous sources like construction waste, industrial waste, pallets, junk furniture, tree trimming, etc. You can start recycling business with hard wood, soft wood, pellets, and much.