How to make money recycling used tires?…
I admit, even if you ever thought about what to do with used tires, you probably didn’t think you could recycle used tires for cash. Most people think that only big recycling facilities and companies that do tire retreading are the ones that can make money recycling tires.
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Yes, scrap tire business is huge and there are lots of big companies involved. But as unlikely as it may sound, you too can sell your used tires. And I am talking about a real used tire recycling business that can sustain you for a long time. And no, you don’t need a fortune to get started. In fact, you can start your own small business recycling used tires for under $100!
Don’t believe me? Here is a step by step guide on how to start your own used tire recycling business with less than $100 in investment:
Recycling is a big business these days, especially since we have become more conscious about our planet, and are moving towards greener solutions. The good thing is that these days even individuals can make money recycling computers, plastic, cans and all kind of stuff. So, recycling has become like a double incentive kind of thing for lots of people.
If you own a car, chances are that at one point or another you’ve had to get new tires for it. And if you’ve paid attention to the procedure, you would’ve noticed that your mechanic/auto shop charges a small fee of about $5 per tire for disposing your old tires. Tire disposal (sending them to the nearest tire recycling facility) costs about the same for the shop and that is why your mechanic/auto shop have to charge you for that, so they don’t have to pay it out of their own pocket.
Auto shops have to take the tires to the recycling facility themselves. And obviously, from a business stand point that’s not a good option, because the shop has to waste time and money (on gas) to get rid of the old tires (delivering them to the facility).
So, auto shops are left with only one other choice and that is to call and schedule a pick by the recycling company. However, used tire recycling companies usually have a minimum requirement for pick up which is usually around 100 tires. That means the shop has to store their tires until they reach the minimum required in order to schedule a pick up.
The problem with that is that most states have strict tire storage laws and regulations. An example of such rules would be that you are not allowed to store tires (whether old or new) in an open air space, because if it rains the mixture can produce the perfect breeding ground for mosquitoes.
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Recycle Tires for Cash
Most auto shops don’t have an empty large space where they can store tires. And of course, paying hefty fines for tire storage is the last thing a shop owner who is trying to make a living wants to do. That means, they have to get rid of tires as fast as they can. That leaves auto shops with another choice and that is to hire a reliable company/person who can pick up the tires from the store and deliver them to the recycling facilities. That reliable person can be you!
Recycling tires for cash is one of the best low cost business ideas. All you need is a pick up truck and a willingness to do some leg work. Go around town and let every shop owner know that you are there to help them get rid of their old tires.
Now, because of all the problems I explained above, most mechanics and small auto shops are willing to pay you $3 for each tire you take away. That means, for every 100 tire you haul, you can make up to $300!
That’s not bad for a few hours of work. Though, some tire recycling facilities may charge a flat fee of $1 per tire they take from you. But even with that fee, you can still make $2 per tire.
Obviously, since the auto shop is not going to have 100 tires every day for you to deliver, it would be smart to do this service for as many local mechanics and auto shops as you can. That way you can make more money since you increase the number of tires you deliver.
- What if you don’t have a Pickup Truck?
Let’s face it, not everyone has a pick up truck or a big SUV that can haul 100 tires. If you don’t have a truck, there is a simple alternative – Tire recycling facilities pick up tires for free if you have the minimum required tires. You can simply pick up the tires with your small car and save them in your garage or build a simple structure with roof in your backyard and use it as a storage facility for your tires. When you have stored enough tiers (100), call the facility and schedule a pick up. It’s as simple as that!
- Registering your Tire Recycling Business
Because anyone could go pick up the tires from the mechanic and dump them on the side of the road, most states do require you to have a registered business. That way you can be held accountable if something like that happens. You can get your business registered for less than $50 in most states by going to your local city hall.
- Finding the nearest Tire Recycling Facility
Obviously, the closer the recycling facility is, the less time and money you have to spend getting your tires there. Remember, a successful business eliminates unnecessary costs. You can locate each and every recycling facility in your area by going to 1800Recycling.com. You can also learn more about tire recycling and state rules and regulations and also about how to start a tire recycling business by visiting EPA.gov.
I admit, it’s a little labor intensive and may not be for everyone. But it’s a great small business idea and a great way to make extra money that almost anyone can take advantage of. And if you are willing to do some leg work and aren’t afraid of getting dirty, you can make decent money with used tire recycling.