Why Not Start a Precious Metal Recycling Company of Your Own?
There are many reasons why this is a good time to make money in precious metals. Manufacturing businesses are downsizing or closing, and that gives you an opportunity to buy gold scrap, silver scrap and even platinum scrap from them. Jewelry stores are closing too. General businesses are downsizing too and selling off computers and other electronic devices. And then there is the fact that in the current economic climate, which is harsh, some people are eager to sell jewelry, household items, and other personal possessions that contain precious metals.
But Here’s the Challenge
Yes, those precious metal items are waiting “out there” for you to buy them and then send them to Specialty Metals Smelters and Refiners to be tested and recycled for you. But the challenge is, how are you going to find them?
The answer is simple . . .
You are going to advertise
So in today’s post, we are going to explore some simple, low-cost approaches to advertising that will lead the sellers to you, the buyer.
The Simplest Local Ads Can Bring Sellers to You
We are talking simple here, and inexpensive.
Put up a flyer on the bulletin board in your local supermarket – one of those that has a big headline that says, “I Pay Top Dollar for Gold and Silver Items.” And yes, do put those tear-off strips of paper along the bottom of the flyer, with your phone number printed on each of them. People see your flyer, realize they have items they could sell, tear off a tab and call you up. What could be simpler than that?
Run ads in local print publications. Even in this time of online community publications, many smaller printed newspapers are still being published. They can be a good way to run “I Buy Gold” ads at very low prices. Remember, some publishers publish newspapers in a group of neighboring towns and offer to sell ads in all their publications at low prices.
Check out online local publications too. Your local online “Tap Into” and other online advisories can be great, inexpensive ways to get out the word that you are buying gold, silver, platinum, and other metals.
Consider narrowing your focus. Instead of advertising that you buy precious metals, consider narrowing your focus to buying computers, old phones, or even old eyeglasses. If you try this approach, you might bring in more precious metal items than you thought possible.
Test Out Buying on Craigslist
Yes, we all have heard stories about scammers who are using Craigslist. We have even heard stories about crooks who meet sellers and then steal from them. But let’s face it, Craigslist still offers one of the most powerful, far-reaching options for running notices that you buy gold and other precious metals. Plus, Craigslist offers an easy way to localize your advertising, simply by posing your “I Buy Precious Metals” ads in the area where you live.
Just be sure to protect yourself from crime by:
Never meeting sellers at your home. Meet them in a well-traveled, well-lit location that is at a distance from your home. Some Craigslist users like to conduct business at highway rest stops, for example. We have also heard about one buyer who meets sellers in front of his local police department’s headquarters, which strikes us as a very good idea.
Take one or two friends along when you meet sellers. That won’t eliminate danger, but it could reduce it.
Beware of payment scams. You want cash. Some scammers become very friendly on the phone and say they will bring cash, then they show up and say, “there was a problem” and say they have to give you a check. If you encounter these shenanigans, just walk away.
Take Advantage of Local Events
Granted, many outdoor public events aren’t happening during the pandemic. But when activity returns, consider putting up a table with a sign that says, “We Buy Phones, Remotes” (or whatever your specialty is) at your town’s farmer’s market, at street and church fairs, and at other events. When people discover you and learn what you do, they could become your newest clients.
And When You Collect Precious Metal-Containing Items and Scrap . . .
Call our consultants at 800-426-2344 and we will work with you to get the highest return possible on every precious metal item you have – as well as scrap. Today could offer you one of the greatest opportunities ever to make money in precious metals. Don’t let this chance slip away.
Related Posts
Should You Sell Gold Jewelry to a Walk-In Store or Recycle It with Us?
Recycling Gold Filled Scrap - Big Dollars Could Be Hiding in Small Items
Here’s How to Reduce Risk When You Invest in Precious Metals
How to Pick the Best Precious Metals Recycling Company
3 Simple Steps: How to Find the Best Gold Refiner