Scrap Metal Business in the Philippines  |
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| Since there are no published article on this topic and deals mainly on the Philippine market, i am now sharing all the information i gathered. For those who wants to explore, for those who would like to find out more about the junk shop business, and how lucrative or how risky it is. Read my full article at: http://bizcovering.com/bu... | | hms 1 | | | | |
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1. hisoka147 (416)
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2 years ago
| | Risky? what is the risk all about? here at my place, there are numerous numbers of junk shop owners where they buy everything made out of metals such as cans, metal sheets, screens and etc... And to tell you something about it, they made a lot of money from it and I think there's a risk but simply a less type of risk. I posted this comment and I haven't read yet your article. I'll be doing it after posting this response. | | | | | | |
| aganatrade (18)
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2 years ago
| | Thanks for your comment. Actually, the risk comes in different forms, as follows: 1. You bought your metal scrap at a high rate, just like last week, the price went up to as high as Php18.00, but today, it went down to Php17.50. Back in 2008, metal prices went up to Php 27.00 per kg, and the peak was before the Beijing Olympics started. Days after that, it plummeted down to Php 5.00 in December. 2. When the junk shop owner delivers his goods to the foundry, and gets stolen by the "jumpers" (kids who jumps to the top of your truck and steals pieces of metal before it gets into the weighing scale) 3. When the driver himself drops portion of the delivery elsewhere 4. When the weighing scale used is tampered. 5. When your estimate to a stock lot is lesser than the actual weight. This scenario happens when you are just starting and have lesser experience of the trade. The above cases actually happens and you can inquire from the junk shop owners. This subject matter will be lengthily discussed in the following chapters of my post. | | | |
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| 2. mvpvteye (11)
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2 years ago
| | Your article is a an eye opener for would be scrap metal entrepreneurs. The reply to the risks also gives a bird's eye view of some of the problems faced by those in this industry. My friend is also in this business and perhaps i can introduce you to him. He is currently in batangas and pulling down a plant who wants to get rid of the old factory since a new one is being constructed. | | | | | | |
| aganatrade (18)
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2 years ago
| | Thank you so much for your compliment. I would also love to interact with people within the same industry. We can exchange notes, clients, and perhaps do business together. We give referral fees for concluded transactions. | | | |
| mvpvteye (11)
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2 years ago
| | how can we contact you? your location? My friend is in cavite and he has many contacts but as usual in this type of transactions, he was always left behind when the parties involved, buyer and seller came to know one another. I hope he will have a better deal with you and finally earn good money for his endeavors. I just want to help him have a better life than he is in now. Thanks. | | | |
| aganatrade (18)
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2 years ago
| | Hi, Tried to send you a private message but i think you need to accept my invite first before i can PM you my contact details.. Thanks a lot. | | | |
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3. Ricki911 (11751)
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2 years ago
| | Im not from the Phillipines or currently live so this most likely doesnt apply to me. But here in Canada a load of pople start up scrap metal businesses. You actually make a load of money here with this kind of business. But I guess you have to put money into it first. The price of metal goes up and down so you basically cash in the metal when its high so you get more money with less metal. I know my Dads friend does this on the side and he will bring in a few thousand when he does cash in but he keeps it for about 3 - 6 months at a time. | | | | | | |
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| 4. birchtree (1)
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11 months ago
| | hi! very informative post you have here. are you still active in this business? | | | | | | |
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