Running an Export Business of Scrap Metals

Running an Export Business of Scrap Metals Launching with a scrap metal export business can be very profitable and advantageous, depending on the present price of scrap metal. Most of the export businesses are small, often carried out by sole proprietors. Basically, you require a supplier, a buyer and an individual who will handle the foreign transactions.

To find a supplier of scrap metal, you can check out scrapmetal.org for a directory of buyers and sellers of scrap metal or you can conduct your own research using your available resources.

Then obtain a business license from your domestic government business license office. Don’t forget to carry your driver’s license and some money to meet the fees, if any.

Consult with your domestic Small Business Administration to understand the rules on exporting products, particularly scrap metal, from your area. They can also offer help in drafting a business plan, if you wish to draft one.

Do the thorough Internet search for “export management companies.” And hire the same to manage all of your export transactions. You will either have to pay them a commission or remuneration. These companies will help you get familiar withthe global markets, set up shipments and they will be responsible inpassing the scrap metal through customs.

Keep constantly checking the present price of scrap metal and set your prices accordingly.

You are more than welcome at iiiEM to learn more about exporting scrap metal and to which countries.