Are you interested in starting a business in the waste management industry? Are you looking for the best business to start with little capital? Then read on.
It has been acknowledged that the world is filled with brilliant ideas; but unfortunately, the world lacks determined, knowledgeable entrepreneurs. Do you know that there is an incredible business opportunity in waste disposal? Most people eye the waste management industry and the recycling industry; but they all seem to miss this money maker, “Waste Disposal.”
And when it comes to waste disposal, most people are only aware of garbage collection or domestic waste disposal. Now if you agree with the mantra that “cleanliness is next to godliness,” then I advice you read on as I expose some business ideas and opportunities in the waste disposal industry.
Now before I proceed, I want you to know that there are several types of waste products and materials; and each of these wastes require different means and procedures for disposal. These means and procedures is what created the business opportunities.
Top 10+ Waste Disposal Business ideas & Opportunities for 2020
1. Hazardous or toxic waste disposal
Hazardous wastes are simply unwanted materials that pose substantial or potential threats to public health or the environment. These wastes are found in different physical states such as gaseous, liquids, or solids.
A hazardous waste is considered a special type of waste because it cannot be disposed by common means like other wastes of our everyday lives. If you possess the technical know-how, the logistics and equipment needed to haul and dispose these materials, you can start this business.
2. Medical waste disposal
Medical waste disposal is another area you can choose to focus on. Waste generated from health care activities includes a broad range of materials, from used needles and syringes to soiled clothing, body parts, diagnostic samples, blood, chemicals, pharmaceuticals, medical devices and radioactive materials.
Another section of this niche is biomedical waste. These are wastes that are generated during the diagnosis, treatment or immunization of human beings or animals or in research activities, or in the production and/or testing of biological components. This business might also involve the hauling of unclaimed bodies from the morgue to the burial sites or cremation sites.
3. Electronic waste
Electronic waste otherwise as e-waste or e-scrap describes damaged and discarded electrical or electronic devices
4. Green waste
Green waste disposal has to do with the disposal of decomposable materials like leaves and grass. Catchy fact about the green waste disposal is that it can be recycled and it also serves as a source of nutrient (manure) to plant.
5. Retailing of waste disposal equipment and tools
Now the waste disposal business is considered by some as a dirty business, so if you think this business is not for you; you can still make money by retailing equipment and tools needed by the waste disposal companies.
Example of such equipment include: Incinerators, trash cans, dust bins, rubber boots and gloves, overall (clothes), trucks and mini vans, tricycles, waste bags and nylons, hose and pipes, sewage trucks, facial masks, etc.
6. Construction waste
This consists of unwanted material produced directly or indirectly by the construction or companies. This includes building materials like nails, rebar, insulation and electrical wiring, as well as waste generated from site preparation such as tree stumps, and dredging. Construction waste may contain hazardous substances such as lead.
7. Nuclear waste disposal
The basic method of Nuclear Waste Disposal is to seal the materials in lead barrels and bury them in the ground, with hope that it doesn’t leak out. More specifically, a stable geological foundation has to be identified so that the material deposited can be hosted for like 10,000 years. Another name for nuclear waste is radioactive waste.
8. Household waste
Man has been behind every development endeavor. The large scale production and improper disposal of household waste has become a source of pollution and further accumulation of garbage has resulted in serious deterioration in quality of life and ecological balance. You can venture into the business and haul such waste to the appropriate dump sites.
9. Chemical waste
Chemical wastes are wastes that are made from harmful chemicals used in the laboratory or chemical plants. Chemical wastes are usually separated on-site into appropriate waste carboys, and then disposed by a specialist contractor in order to meet safety, health, and legislative requirements.
10. Industrial waste
Manufacturing, mining, construction and metallurgical industries often generate waste material that often cannot be consumed or recycled, this are known as industrial wastes.