Here is a tip on how you can add to your money making revenue stream. This one has been around for decades, but over the last 20 years it seems to have been forgotten by a great number of people. I'm talking about recycling your old newspapers.
Now let me say right off the bat that unless you have the proper plan and set up (a constant source/supply, storage area, and means of transport) in place you will not make a lot of money recycling paper. However, that's not to say that you can't make a little extra money on the side. (...and If you have the ways and means to accumulate, save, and then transport the newspaper to the recycling center/yard then by all means save it in bulk) Read on....
You're probably wondering to yourself "How much is that old newspaper worth?" You can expect to get roughly 2 cents per pound for your old newspapers. The price fluctuates just like the stock market on some days you might get 1 1/2 cents per pound and other days you could get 2 1/2 cents. Always call ahead to make sure you know how much the recycling center is paying on the day you plan on taking your newspaper in.
Let's do a little math to see how much you need to hit a certain dollar mark assuming the going rate is 2 cents per pound.
100 pounds would equal $2.00 200 pounds would equal $4. 500 pounds would equal $10. 1 ton of newspaper, which is 2,000 pounds would only be $40.
As you can see, you would need a nice truckload of newspaper to make it worth your time to strictly try to make any money by recycling just paper alone. However, where recycling newspaper comes in to play in the grand scheme of things is when you factor it in to paying for your fuel. It's all about recycling your newspaper smart. If you know on one particular day you may be heading past the recycling center, then throw in a couple hundred pounds of newspaper and pay for your gas that way. (I should point out that uou don't want to make a trip to the scrap yard strictly for just 500 pounds of paper because you'll walk away even from it - you could however combine it on a trip to the scrap yard where you may have some more valuable precious metals like copper, which doesn't take up a lot of space......remember it's all about being smart about how and when to recycle it. For example, if you combined that 500 pounds of paper with two 5 gallon buckets full of copper, which combined may weigh a combined 30 pounds it would be worth it. The paper would get you $10 (pays for the gas)and the copper could get you anywhere from $60 to over $100 depending on the grade of copper.
500 pounds of paper sounds like a lot. But, in fact the space it takes up is rather small. Figure the back of your trunk full of newspaper and the passenger seat full of newspaper and that's a real close estimate for 500 pounds of newspaper.
As I said earlier you're not going to make a lot of money recycling paper unless you have the means to accumulate and transport it properly. However, when used smart and as a way to put $10 in the gas tank it's priceless and that $10 can be used towards something else like paying a bill, saving the money, or treating yourself and a friend to a couple of those nice big cups of iced coffee complete with whipped cream on top.
If you plan on getting into the recycling or scrapping field, a good investment would be to purchase yourself a small scale to weigh your recyclables with. I would highly recommend this as you can keep track of how many pounds you have of whatever the materials may be (paper, steel, aluminum, etc.). Always call the recycling center/scrap yard ahead of time for prices. Then apply those quoted prices to how many pounds you have and that will give you a really good estimate of how much money you can expect to make on that particular trip.
Also keep in mind that other different grades/kinds of paper bring in different amounts of money and you don't want to combine them with the newsprint. This article was written with just strictly traditional newsprint stock or newspapers in mind.
I hope someone can utilize this tip. I have many, many more to post and they all gel together in the grand scheme of things. Stay tuned for other money making ideas to add to your revenue streams and until next time...keep turning your trash to cash!
Be sure to check out the following for more money making topics.....
The Dapper Scrapper Index to Making Money Online and Offline for Sustained Self Employment Income
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