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Wine Corks. Gift Cards. Cooking Oil. Tennis Balls. Human Hair. The Bottom Line. Key Takeaways If you run a small restaurant, you can make a few dollars selling your used oil and popped wine corks. If you have old gift cards, you can cash them in or recycle them. If you're cutting your hair off, you might as well save it for someone else.
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We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Related Articles. Partner Links. Related Terms Budget A budget is an estimation of revenue and expenses over a specified future period of time and is usually compiled and re-evaluated on a periodic basis.
Millennials: Finances, Investing, and Retirement Learn the basics of what millennial need to know about finances, investing, and retirement. What Is Petty Cash? Petty cash is a small amount of cash on hand used for paying expenses too small to merit writing a check. Learn how to balance petty cash in accounting. Shoestring "Shoestring" is a slang term most often connected to budgeting or to describe a small amount of money, which is inadequate for its intended purpose.
Investing in Collectibles Collectibles are items worth more than they originally sold for because of their rarity and popularity. Learn about investing in collectibles. Bear in mind that metals that are ferrous like steel or iron are worth less than non-ferrous metals like copper, brass, aluminum, bronze, or stainless steel.
A good way to determine whether a metal is ferrous or non-ferrous is by using a magnet. Non-ferrous is what you want to be going for to make the big bucks — but remember that recycling the ferrous metals is just as good for the environment!
Aluminum: drink vessels, wheels from your car, cylinders from engines, cores from air-conditioning units, etc. Stainless steel: water filters, food container — and many other kitchen accessories and cookware. So, round up your metal and take it all to the nearest scrapyard for a cash reward. Not sure where to find your local scrapyard? Plenty of companies offer cash for tech. Take Decluttr , for example. For batteries you could use Eco-Cell. Amazon Trade-in is one of such stores — and it could earn you some serious money in the form of gift cards.
Finally, if you think you can get more money by selling your phone yourself, there are plenty of ways to do so. Big news, everyone. Your wine corks are worth money! Yes — you can turn your pile of wine corks that have accumulated over the years into cash. So, how does one turn wine corks into cash? You can sell them in lots of say, 10, 20 — or a lot more depends on how much you have loved wine over the past years! Luckily, you can turn them into cash at your next auto parts shops such as Advance Auto or AutoZone.
Not bad for something that would have just been left lying around in your garage, right? More often than not, the most profitable way to recycle plastic is by ensuring you have clean plastics to recycle.
To make the most profit, you have to put time, effort and investment into the sorting process, which, for most smaller recycling businesses, is done manually. Recycling has become a vast market, offering different kinds of returns. There are a multitude of different types of recycling businesses, and each of them has different levels of profitability, but the most profitable recycling businesses are waste paper recycling companies.
As all kinds of waste paper can be de-inked a chemical process removing any inks and glosses from the paper , shredded and pulped for future manufacturing, waste paper recycling requires very little processing or sorting.
As recycled paper pulp can be used for a variety of purposes, waste paper recycling has the highest yield of any recycling business. A close second is electronic waste recycling, but for the opposite reasons as waste paper. As electronics like televisions, mobile phones and household appliances often contain small amounts of precious metals, including gold, silver, platinum, rhodium and palladium, in addition to scrap metals.
If recycled in bulk, electronic waste recycling can yield some very lucrative profits. However, recovering precious metals from electronics can be a lengthy and complicated process, often requiring a lot of initial investment. Two of the biggest recycling companies in the world are Advanced Disposal and Biffa Group. Both companies offer integrated waste management services that cover a variety of waste disposal, collection and recycling services for residential, commercial, industrial and construction customers.
The simplest way a recycling company can make money is through collections. A company can arrange contracts with business or local authorities to manage the removal of business or household recycling for an agreed price, ensuring the material is safely removed from the premises to be recycled elsewhere.
Making money through the sale of processed recyclates is similarly straightforward. This, in turn, drives up the costs of recycled materials, making recycling businesses more profitable. You can make money from recycling plastic in lots of different ways.
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