Do you want to start a scrap gold business from home? If YES, here is a detailed guide on how to make money recovering scrap gold from electronics.
If you just stumbled on this article, you would be glad you did because only a few people have their eyes opened to the fact that making money from just recovering scrap gold from condemned computers or electronics is indeed in existence.
That is right! As a matter of fact, a ton of computer circuit board and micro chips contains as much as 800 times more gold than what is obtainable in one ton of gold. The good thing about this process is that it would only cost you about 20 US Dollars to recover 1oz. worth of scrap gold and the value of this can be as high as 300 US Dollars.
Now don’t you just think this might a kind of business you would want to invest in? Don’t get it twisted, you can actually start making money recovering scrap gold from condemned computers and electronics right from your garage or backyard. You can start right from where you are.
So if you are game, then the following tips would help guide you to start making money by just recovering scrap gold from computers and electronics:
How to Make Money Recovering Scrap Gold from Computers and Electronics
1. Do Some Research
Get to work by doing a thorough research on what you want to venture into. Make the internet your friend at a time like this. Read voraciously and garner enough information you might need to lead you through the path of recovering scrap gold from computer and electronics. No knowledge in this regard could be lost.
2. Create a Work Space
For this kind of money making venture, you would require a workspace to operate in without distraction. You would also need a little space for running you administrative work and meeting clients. In all, you would require enough space for storing your scrap computers and scrap electronics because the quantity of gold you would recover from scrap computer and electronic would be proportional to the quantity you have in your store house.
3. Get the Required Equipments
You would need to invest in some very valuable equipment. Equip your work space with a Conveyor belt to ease the movement of your materials.
Also, there would be the need for hand Gloves to prevent cut when handling computers and electronic parts, Protective Goggles, safety boots, good coverall with all the safety measure intact, Cathode Ray Tube (CRT) crusher, shredders, eddy current separators, optical sorter, over-belt magnets, and solid metal table. You would also be required to purchase or lease a truck for transporting your scrapped computer and electronics.
4. Know the Health and Safety Measure Involved
Every recycling company knows that taking health and safety measures seriously is mandatory. This is especially if they must continue to be in business. In fact, it is one aspect that is non-negotiable. Some components from this scrap computer contain hazardous materials like mercury and other toxic metals that can be harmful; knowing how to handle and dispose them will enable you and your workers to stay safe and healthy.
You could also want to get the safety handbook of this industry; and do not just study it, but to comply with the requirements as expected.
5. Know How and Where to Source for the Raw Materials
The good thing about this money making venture is that you can get the raw materials i.e. the scrapped and condemned computers and electronics for free. If you visit the workshops where experts fix and repair faulty computers or electronics, you would always find some that are beyond repair and piled to be discarded.
Approach them and they will be willing to give it to you for free, because they would see you as a helping hand for its disposal. However, some of them might want to sell it for a small amount. If you can’t do this yourself, you could want to pay people to go around town to help your source for scrapped computers and electronics.
6. Know How and Where to Sell Your Scrap Gold
Having the knowledge of where your market is will help a great deal. What would be the use of recovering gold from computers and electronics without knowing where to sell them to make money? There are markets out there for scrap gold.
All it would take is for you discover such markets. Goldsmiths are always in need of scrap gold, so locate the goldsmiths in your area and take your scrap gold to them. When you sell to local Goldsmiths, make sure you up your bargaining skills, because they are experts when it comes to buying gold and gold scraps alike in a ridiculous price.
7. Run Adverts Online
You can also take advantage of the internet by marketing your products online. Apart from the goldsmiths around your locality, you might also want to make it known online that you have got scrap gold for sale. You would be so amazed at the number of refining companies looking to buy scrap gold. To make good profit from this kind of business, you should stay abreast with the price fluctuation of gold in the market and know when to sell and when to hold back sales.
With all these tips you can be rest assured that you are on your way to building a solid business around recovering scrap gold from computers and electronics. This guide must also be an eye opener that you must no longer see piles of scrap computers and electronics as just trash to be disposed, but as a goldmine to be tapped.
So get to work and begin to put good use to this rules. However, you must be dogged as well as work hard to see that your business stands the test of time. Horn your skills at any slightest opportunity and always have at the back of your mind that ‘Rome wasn’t built in a day’ and in the same vein you must be ready to work till you get results.
Latest posts by Ajaero Tony Martins (see all)
- How to Write a Music Venue Business Plan [Sample Template] - February 2, 2020
- A Sample Indoor Shrimp Farming Business Plan Template - February 2, 2020
- How Long You Have to Buy Insurance After Buying a Used Car - January 29, 2020