A lot of people make their way into the metal scrapping world thinking they’re going to make it rich and quit their day jobs. Soon they’re facing some of the hard realities of metal scrapping and how hard things can be. They make one mistake, or have a couple bad months and they pack it in. Quitting after a short dry spell isn’t the right approach. Think about all the time you’ve put into getting good at your current career. It’s very rare for someone to find immediate success after starting a new venture. Scrapping’s the same. Good money is made by learning the trade and how to maximize time and earnings. That takes time. Having a realistic attitude about scrapping will help you through the ups and downs as you learn the industry.
It’s All About the Approach
This story’s been told a thousand times. Someone hears about metal scrapping and they go all in. They clear out the garage and spend a lot of money on tubs and tools. Next, they go around town searching for scrap way longer than they should. When things don’t turn out they walk, leaving all that gear in the garage to gather dust. The problem here is the way things started. With metal scrapping, low and slow is the way to go. If you’re a hobbyist scrapper, a basic setup is all you need to get going. When you run into a job you need a special tool for, buy it, but don’t get it before you need it. Allocate a certain amount of time to source scrap so you don’t become obsessive and end up resenting time spent looking. The people who stay in the game are the ones who manage their time, have a process in place, and most of all make scrapping fun.