Many communities are depending on dedicated cardboard recycling companies to effectively recycle the essential materials
At present, cardboard is reportedly the largest source of municipal waste. As a result, many communities are depending on dedicated cardboard recycling companies to effectively recycle the essential materials. This could provide a potentially profitable business opportunity for aspiring entrepreneurs.
If you believe this could be a viable venture for you, you’ll need to learn how to both find and recycle the different varieties of cardboard, as well as the tools and equipment you will need to operate.
Review the Market
There is no point launching a cardboard recycling company if you are up against many similar competitors. Browse the market to ensure your new venture will fill a gap in the market, so you can immediately establish yourself as an industry leader. If there is too much competition, look for other recycling niches that could help you to earn a steady profit.
Understand the Different Types of Cardboard
Many people are surprised to learn there is more than one type of cardboard. However, there are some varieties that cannot be recycled easily, such as fruit shipping and wax-coated boxes, chipboard, and cardboard treated with a wet strength chemical.
Determine Your Startup Costs
Running a cardboard recycling business does not necessarily need a large investment. You can launch your startup company by simply investing in a truck and high-quality baling cardboard wire from Baling Wire Direct. Once the business gets off the ground, you can start looking at branding, marketing, office space, and expansion.
Choose the Right Truck
Of course, the truck you choose could determine how much money you make each day. While a large truck can carry plenty of cardboard, it will also have higher gas prices in comparison to a smaller vehicle. So, choose a truck that is energy efficient to considerably lower your overheads. It might be beneficial to start with a small truck, as you could always move on to a larger vehicle once you understand more about your operating costs and the business starts to generate a profit.
Identify the Different Destinations to Collect Cardboard
You more than likely will not need to look far when searching for cardboard, as it’s believed 85% of all products sold within the US feature cardboard packaging. You can generate a profit by targeting local businesses to discover how they dispose of their shipping boxes or other cardboard packaging. Other potential clients could include shopping centers, libraries, grocery stores, schools, and universities.
Contact Local Cardboard Recycling Centers
Before you launch your new business, contact recycling centers in your local area to identify how much they will pay for cardboard. There are multiple companies to try, such as waste management businesses and your local Environmental Protection Agency. Simply create a list of the different cardboard recycling facilities and their pricing to make an informed choice. You should also take into account the travel distance to each center to reduce your overheads and identify which center will provide the best return.