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10 Recycling Business Ideas For Investors
Small scale recycling business ideas
Are you one of the aspiring entrepreneurs interested in starting a recycling business but doesn't know what aspect of recycling to focus on? Wait. Are you among those who need the best recycling business ideas and opportunities to start? Then this article will be so useful to you!!!!! This article will show you some profitable niches that exist in waste recycling business.
You know, as our world keeps leaping fast into globalization, the high number of garbage that we produce is increasing at a quite disturbing rate. Though many individuals seem to be aware of the effects of not recycling used materials, many more are not even aware that recycling can be a lucrative business. There's something about recycling business that made it special. What is it? You're saving the environment, and you're making money from garbage!!
If you are interested in learning how to start a recycling business, you need to calmly learn certain important things.
You need to know that recycling itself is a broad niche, and the rate of profits you can make from a recycling business depends on your location (the country or region where you intend carrying out your recycling project). But someone said the best place to set up your recycling business is probably a region where waste disposal is a problem and there’s no existent waste recycling plant.
But hey, know that the recycling ideas here can be implemented anywhere, irrespective of your geographical location. Thus, either you are reading this from the United States, the United Kingdom, Canada, Australia, India, Ghana, or somewhere else, you can still tap into this business and make some money (and you can continue reading)
As Nigerians in Nigeria, research shows that there’s no mega recycling plant in the country and waste disposal still remains a headache for both the government and citizens. When it comes to such things as plastics, nylons, cans, paper, clothes, etc, they remain a headache for both the government and citizens. But the fact remains that, even if there are existing recycling plants, you can still make money from the sub niches of the recycling industry.
One proof that the recycling business will remain profitable is that, there is a high demand for recycled products from manufacturing companies. Yes, many manufacturing companies are looking to drive down production costs, since using recycled packaging materials is cheaper than acquiring new ones.
But, hey, are there challenges in this recycling business? Okay, let's first see some challenges of starting a recycling business:
Problem 1: It is capital intensive
Solution: One can start on a small scale.
Problem 2: The high cost of recycling equipment and machines.
Solution: One can solve this problem by engaging the services of local machine fabricators.
Problem 3: It takes a great deal of effort to gather waste cans, papers and bottles from dump sites and other places.
Solution: One can choose to outsource this process while concentrating on one's core competence- recycling.
So, let's get down to business. Let's see a list of 10 recycling business ideas and opportunities one can invest in today.
1. Setting Up A Recycling Plant:
If you have the capital, there is nothing wrong putting up a recycling manufacturing plant. The manufacturing plant will serve as a place where recycle garbage collectors can deliver the goods and where the actual recycling process takes place.
But if you don't have the funds for this, then you can try this......
2. Having A Recyclable Waste Collection Center:
If you don’t have the capital to set up a recycling plant, you still have this option: Starting a profitable recycling business by setting up one's own recycling center. In this recycling center, people can drop off their recyclable items such as cans, bottles and paper. Then you can deliver these materials to bigger recycling centers or companies in exchange for cash.
3. Recycling Construction Wastes:
The simple process of construction waste recycling includes collecting the different scraps and leftover materials from construction sites (hardwood, waste metals, electrical materials, and so on) and reselling them.
4. Recycling Of Garbage:
You can do this in two ways. You can be recycling garbage from peoples homes. You can also be recycling garbage from commercial businesses. Both are lucrative.
For the companies, all you need to do is provide a collection and pick up service and be at these corporate establishments at a designated time on a regular basis. You can also provide bins so to easily gauge costing and reselling.
5. Cartridge Recycling:
Establishing a cartridge recycling business is another profitable aspect of recycling. One can engage in inkjet and toner refilling operation and offer services to the corporate world.
6. Recycling Electronic Waste:
In case you don't know, Electronic Waste recycling is another great recycling business idea. What does this business entails? This business simply entails the buying of scrap electronic peripherals and electronic devices and selling them to recyclers. Which gadgets can be recycled? Gadgets that can be recycled or refurbished include all electronic gadgets, laptops, computers, mobile phones, etc.
7. Cooking Oil Filtration and Recycling:
Surely, cooking oil filtration and recycling will benefit restaurants and hotels. Why? It saves them money! One can start this business and offer to them this service. One's task in this case entails filtering out waste material from used oil making it reusable.
8. Recycling Home items:
You can reuse and creatively remake whatever garbage or unused stuff that is in the backyard or in the garage. One can reconstruct old upholstery or old furniture and sell. You can also create work of arts from junk items and sell them for money!
9. Recycling of Aluminum Cans:
There's nothing wrong choosing to invest in the recycling of aluminum cans. Even if one doesn’t have the needed capital to go into it full scale, one can still make money by collecting the cans for big recycling firms. This idea is good for those people that are familiar with their neighborhood.
10. Scrap Gold Recycling:
This is often tagged as mining gold above ground. The process of recycling scrap gold simply entails re-melting them, refining and remaking new pieces. This process costs less than mining and in fact does not diminish or degrade the purity of the gold.
The recycling business is one that offers endless possibilities- provided the item or product is in constant demand and is recyclable. The job here is to find out what recyclable idea is feasible and get to work. Then expect success.