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You are here: Home » News » Company News » why not start a small recycling business in 2018?

why not start a small recycling business in 2018?

Views:3458     Author:Sevenstars     Publish Time: 2018-01-28      Origin:Site

Welcome 2018 as a new initiation, New Year new weather, running a small business will be a new trend in the world, many people want to have a own small business, but how to start it? most people do not have version about it, recycling business is friendly with environment, so doing recycling business can earn money. Then how to start the small recycling business? how about the paper recycling?

Step One: Understand the Opportunity by Doing Market Research

It's never a good idea to start a business without knowing the current players in a market. To ease your way into the market, you can always find a small niche that is not the main focus of the market leaders, or perhaps identify an activity that competitors may not be particularly well delivering, and offer to subcontract this service to them. At this initial stage, you can get many answers to the questions that you will need to run your business effectively. Try finding someone in the industry and ask him all the questions you have.

Step Two: Understand Investment Requirements

Veterans of paper shredding start-ups say it is always a good to start with at least two individuals doing all the activities. One can do the marketing and find new businesses looking for paper shredding services and the other can operate other activities.

You don’t even need a warehouse or office as all can be done from home. You will need at least a van or small truck, shredder, paper baler, pallets, paper bins, and pallet jack.

Prices for mobile shredding trucks vary by model and year, and you can save money by purchasing a used vehicle to get started. A pre-owned, 2000 International 4700 equipped with a Shred-Tech MDS-25 capable of shredding 3,000 pounds of paper an hour, costs around $56,000, while a smaller pre-owned 2002 Freedom Renault-equipped with a Shredfast MCTT costs around $27,000. However, a new truck is $200,000- $300,000. The job can be done using a plant based shredder. The cost is slightly less. Additionally, it is possible to utilize a 3rd party shredder and pay per ton.

Step Three: Decide on Possible Financing Options

When you know the amount you will need to kick off the business, you need to find a good source of financing. It’s good if you already have some money to invest, but you can always try the U.S. Small Business Administration for financing your small business. In that case, you need to have a complete business plan.  

Step Four: Start Your Business and Focus on Marketing

Marketing should be the key focus initially. Try letting your target customer know about your availability to meet their shredding needs. What works best for small paper shredding business is cold calling and making visits to potential customers. Make sure you offer something unique to your customers and target building long lasting relationship.

Sevenstars have dozens oversea exhibition every year. exhibition is our important ways to contact with our customers, we look forward more and more people can attend our exhibition. as you can see the exhibition of Bangladesh, we hope the real situation can help you recognize the exhibition again.

We are the manufacturer of recycling machine of  different wasted items, like wasted wood sheet, wasted film, wasted pet bottles, for the recycling business, necessary machines are available if you have requests, pls contact us.



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