All the things in our house go wrong, which we throw in one corner of the house, whether it is a bad cooler, ac, bike, plastic bottle or old iron which we never use, we call it junk. In today’s time, the way unemployment is increasing in our country, it is better that we must start some business. Many such people who did not have much capital to start a big company did junk business and are earning good profits today.
Here you can get the complete information about junk business, that how you too can start a junk business from your own village town. If you also require knowing how to start a scrap business, read this article completely to start a scrap business.
How To Do Junk Business
On hearing the name of the junk, the question must have come to your mind that who will do the business of waste? It is the most fallen business, but if seen in today’s time, then it is a rich business starting in low capital, which is being done by millions of people. You will find people doing scrap business in your area. The junk business was earlier seen by connecting uneducated and backward class people. But nowadays many educated youths are also earning good money by doing this business.
What Is A Scrap Business Idea?
When a broken or defective item that is not used as before is sold to the junk buyer, it is called a junk business. So, we sell the useless and damaged items to the scrap dealer in the villages instead of using them. And in return for scrap items, we get money.
Some things are such that we take them to the repairing centre for repair and the mechanic says that brother this cannot be repaired, such Vastu has been named as junk. All the bad junk items are bought and sold to a recycling company by the junkyard, which is recycled to make a new item, which does not spread dirt in the society, and our environment remains pure.
Junk Business Process
Many people are involved in the junk business, from small traders to big traders. There are some people in the junk business who collect the junk from house to house, these people collect the waste throughout the day, and then after going in the morning, where there is a scrap shop, they sell the junk, in return for which the small trader gets the money. are found.
The junk shop seller sells the junk to a junk dealer who is bigger than him so that the junk shopkeeper gets the money. After this, the big businessman sells the garbage to a recycling company. The big trader gets money, and the recycling company, who recycles the junk and manufactures a new item, then this is the business of trash.
A Required Place To Start Scrap Business
If you want to start a small scale junk business, then you should have a room of 10 * 10 in which you can sit. Apart from this, at least 300 to 400 square feet of space will be required to keep the junk. If you want to store and maintain the garbage for some time, then you will need more space for this.
If you want to do junk business on a large scale, then you will need room to sit as well, as there should be at least 1000 square feet of space in which you can store the junk.
Transportation Facility For Scrap Business
Although small junkyards often come here to sell you junk, sometimes it happens when you need to lift a heavy item from another place. For which you should have your vehicle, and you can hire a transport person. Apart from this, you will need a truck that can easily carry huge loads from one place to another to sell your junk. Along with this, in this operation, the Ashok Leyland Ecomet is best. To take it from your godown to a big merchant, which you can buy secondhand or hire a transportation person.
Location For Scrap Business
Wherever you start the junk business, there must be a paved road and a better facility of transportation because of the loaded goods in the truck. Location is an essential part of the junk business, and it must be chosen earlier. In addition, there should be a proper combination of electricity and water. Finally, you can start the junk business in such a place where people’s eyes fall on your junk so that people can know that junk is bought here.
License for Scrap Business
Suppose you need to establish your business on a small scale in the scrap business. You will not have to take any kind of license, but if you want to start a large-scale junk business, you will need a GST registration. Feel free to start a junk business.
Documents Required For Junk Business
Here I am going to tell you. All these documents will be taken for starting a large scale junk business-like
- Identity Card and Address Proof – Aadhar Card, Voter Card, Ration Card, Electricity Bill
- passbook
- Mobile Number
- GST Number
- passport size photo
- NO
- Email-Id
Investment For Scrap Business
Investing in the scrap business depends on two levels, one on a small scale and the other on a large scale. If you want to do junk business on a small scale, then you will have to invest less. And if you want to do the business of junk on a large scale, then you will have to invest more. Also, the investment will depend on whether you want to do junk work on your land or do it on rent.
If you have your land and want to start this business on a small scale, then you will have to invest 2 to 3 lakhs. If you do not have your land, then you will have to pay its rent separately per month. If you have your land and start a junk business on a large scale, then 6 to 8 lakh rupees will be required. If you are taking land on rent, then you will have to pay its rent separately.
Apart from this, about 50 thousand rupees will have to be spent separately on fork, furniture, electricity, water for weighing to start both at a small and big level.
We trust the above information will be necessary for you. However, if you need more information about trucks and their related business ideas, please be with us and wait for our next blog.
