Scrap Metals

Opinions expressed by Entrepreneur contributors are their own.

Startup Costs: $2,000 - $10,000
Franchises Available? No
Online Operation? Yes

There are a great number of options open to the creative entrepreneur who is considering starting a recycling business focusing on scrap metals. You can specialize and operate a scrap metal depot that sells various reclaimed metals to metal recycling companies. Or, specialize in one particular type of scrap metal collection and recycling. Owning a scrap metal recycling business is like having your company traded publicly the day it opens for business. Metals are commodities and the price fluctuates on a supply and demand basis, often based on forecasts for the supply and demand for certain types of metals a year or more in advance. Overall, this is a good choice for a recycling business start-up, and the investment can vary from a few thousand dollars to hundreds of thousands of dollars.

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