15 most profitable recycling businesses.
In today’s modern era, the amount of waste produced in different types is increasing day by day. Most of us are aware of the effects of not recycling used materials, but are not aware that recycling can be a lucrative business. Any person can earn good money from the recycling business.
You should know the process of recycling the specific product you want to recycle. It is an eco-friendly operation. Most recycling businesses can be started on a small scale. To start any recycling business, it is important to know where to sell recycled products and most importantly, where you get the goods for recycling.
Here are the 15 most profitable recycling businesses. They are very easy to start and anyone can start them with small investment.
1. Construction Materials
It is a very simple and small scale recycling business. There are many different types of construction materials, such as metals, electrical materials, wood, and others that are recycled. Everything from very small items like nails and screws to plaster, concrete, rock, ceramic tile, vinyl flooring, particle board, electrical wire, vinyl siding, steel, aluminum, brass, copper pipe, steel pipe, foam insulation, stainless steel etc. There are objects that are reusable in some form or the other. You just need to collect them and sell them at recycling centers.
2. Cooking Oil
Cooking oil is extremely easy to recycling. The impurities are removed from the cooking oil used by recycling so that it is fresh once again. Most hotels and restaurants require this type of service. You can collect the used oil from them and remove the impurities of the oil and resell it.
3. Electronics Recycling
Electronic recycling is a green business idea and is another way you can start your recycling business. Starting an electronic recycling business can make the environment toxic free as well as make money. The objective of starting an e-waste recycling company is to make reusable industrially beneficial raw materials like precious metals, plastics, glass present in e-waste using low cost and effective technology.
Selling out scrap from equipment and other sources to the recyclers will provide great benefits for your business. Laptops, computers, mobile phones, etc. are some of the devices that can be recycle or refurbished and the demand in the market is also high.
You can buy old, useless electronic components and related materials and sell them in a recycling center. However, if you can manage to recycle them yourself, you can sell them directly to companies that manufacture electronic devices and gadgets. The first step for this business is to find sources of electronic waste, including households and companies that use devices such as computers, laptops, mobile phones, etc.
4.Children used clothes
Children grow very fast. As a result, their clothes become increasingly useless. You can start buying those clothes from parents and after proper cleaning, sell those clothes. You can also sell these clothes in the online marketplace.
5. Printer Cartridge
The price of printer cartridge is very high, due to which the printer cartridge recycling business has emerged as a very popular business. All you have to do is to provide cartridge businesses and corporations by cleaning and refilling. While on one hand you can earn good profits, on the other hand businesses get a cartridge available at a cheaper rate.
6. Scrap Gold
Of course, the most profitable of all recycling trades is scrap gold. The best thing about gold is that it is very easy to melt and recycle. It does not lose its purity even when used repeatedly.
7. Tire Recycling
The tires have been recycled since World War II. Although, this is a dirty job and working with the right companies can be problematic, nevertheless, the tire recycling business is a profitable business.
8. Wood Recycling
Wood has historically always been recycled. Even today, wood can be recycled in environmentally friendly ways. Reusable wood can be easily obtained through recyclable waste, demolished buildings, old furniture and other sources.
9. Electric Wire
Electrical wire is basically a conductive metal that is wrapped in plastic insulation. The most common metals used in electrical wire are copper and aluminum. So with electric wire, you get three items that can be recycled and these are copper, aluminum and plastic / polymers.
10.Paper
This is a great eco-friendly business idea. Through this business, you are making reusable paper without cutting another tree. The paper comes with various forms and grades. Corrugated, glossy, newsprint, white, office scraps etc. are some of the popular grades. You can also collect paper by providing on-site paper shredding service to corporate customers
11. Plastic
Most plastic containers are made of different types of grades. Such as LDPE, HDPE, PP etc. Choosing the right equipment plays a very important role in this business.
12. Battery Recycling
Batteries can be broken down into 7 basic categories, including lead-acid, carbon zinc, alkaline, NIMH, NICAD, lithium ion and zinc air. All of them are in good demand in the market. The use of lead-acid batteries is the most common and is mainly used in vehicles, motorcycles, etc. So, you will need to find the sources from which you can get lead-acid batteries.
You can locate such sources by posting advertisements in traditional media sources, such as newspapers or radio. Of course, you also have to find places to buy lead-acid batteries, so that you get a good price. Depending on how you can get lead-acid batteries, you can make a lot of profit by doing this business.
13. Vermicompost
Organic fertilizer production has become a major component of agri-business worldwide with very little investment. Through the vermicompost process, organic fertilizer is prepared by mixing a mixture of vermicast in vegetable, waste foods, cotton, etc. using different species of insects.
The vermicompost production unit can also be set up in the backyard of their home with moderate capital investment. Establishment of vermicompost units from the point of view of raw material availability (cow dung) and produce to agriculture-oriented cities and suburban villages. Is considered an ideal place for
14.Glass Recycling
Glass is a material that is 100% recyclable. Glass can be recycled endlessly without any loss in quality or purity. Each one ton of recycled glass helps conserve more than one ton of natural resources.
15. Packaging Material Recycling
Because there is a shortage of new packaging materials in some parts of the world, the demand for recycled packaging materials is more than ever and is increasing every day. The increasing amount of e-commerce worldwide is also a major reason for its increasing demand. Packaging materials that can be recycle include the following
Foam (Packing). Cardboard Box, Plastic Bag, Pallets, Wrapping Foam Business, companies and warehouses are places where you can get used packaging material. You can take the packing material out of the hands of the business owners at very low rates and then recycle it to the companies selling the products.
How to start a recycling business
A recycling business will provide you with an environmentally friendly way to make money. The recycling business is not just to collect iron-clunk, scrap or old paper. Most profitable recycling businesses focus on items and materials that can be easily reused, such as gold found in computers and cell phones, or re-sale of household items.
To start a recycling business it is important to have a good knowledge of the source of raw materials and the market available for selling recycled goods. Do some market research and find out which recycling business is most needed in your area. In your business area, check if there are other companies, which have already started this type of business.
Choose the right product. It is also very important to prepare a business plan. Your business plan should include the initial capital, target market, advertising strategy, projected revenue, and operating plan.
Register your business with your city and get a trade license. Check your governing authority regulations such as Hazardous Waste (Management, Handling and Boundary Movement) Rules, Central Pollution Control Board, Environmental Protection Act (EPA), E-Waste (Management and Handling) Rules and Municipal Solid Waste (Management and Handling) rules etc.