This guide outlines the essential steps for establishing a successful scrap metal business

This guide outlines the essential steps for establishing a successful scrap metal business, emphasizing the transformation from a casual collector to a raw materials expert. The author introduces the magnet test as a primary tool for distinguishing between low-value ferrous metals and high-profit non-ferrous materials like copper and brass. To maximize earnings, the text advises entrepreneurs to source inventory through curb hunting or by securing commercial contracts with tradespeople. Aspiring professionals are encouraged to invest in safety gear and specialized tools, such as wire strippers and grinders, to process materials more efficiently. Finally, the source highlights the importance of maintaining a digital presence and building strong relationships at the scrapyard to ensure the best possible payout.