5 Ways to Turn Trash into cash: Is Garbage A Profitable Business?
After all, trash is trash! Garbage is garbage! Most of us will never think about garbage or even don't know what happens at the back end of garbage cleaning work. You might have seen your mother, piling the daily read newspaper at home daily, one day she would give them for recycling and get a few penny amounts. We must have seen this scenario but have you ever thought about making a profit out of this garbage and waste products. Let’s know how to earn from the garbage.
What is Our Garbage?
Actually, we use many products and throw them away without realizing they are Garbage. Some we give them for recycling and most we throw on the roads.?
The food and organic waste from kitchens are turned into fertilizers or bio-gas. Metal scraps, bottles, and plastics would be from recycled products for which we pay to buy them.
Some garbage like electronic waste products won’t be recycled whole. They will separate the recyclable parts and dump the rest of the waste in the landfills.??
Types of waste and its Degeneration period
Food Waste
They are organic waste from the eatable like fruits, vegetables, spinach, and dairy products?
Decompose Duration: 10 Days to 6 months (Varies for each food item)?
Paper Waste?
It’s the largest solid waste from the municipality. It's completely biodegradable?
Decompose Duration: 2 to 6 weeks?
Metal waste?
2019 Surveys say over 81000 cans were recycled per minute in the US.?
Decompose Duration: 100 - 150 years (Varies from products)
Plastic waste?
Plastic is very common in our life. We use plastic and polythene bags everywhere in our day-to-day life.?
Decompose Duration: 10 - 1000 Years
Glass waste
It’s easy to recycle the fact it’s made up of sand. Glass can be melted and reused.
Decompose Duration: Never Decompose
5 Ways To Turn Trash Into Cash
Before taking much time, let's dive into trash cash ways.
Glass Bottles
Over 28 billion glass materials are thrown into landfills. According to the source, the UK currently recycled 70% of the glass product and by 2030 they would reach 90% of the recycling process.
Many glass vendors collect the bottles at home by paying a reasonable price for them by valuing their size, weight, and cleanliness. Buyers may not take the bottles or may price down if there are any mud, insects, and fungi in them. So keep it safe and tidy. Take a look at your fridge or backyard and you would be amused by your bottle collection. You can sell them to the vendors and get money.
On the other hand, you can make paintings in the thrown-away glass bottles by adding your creativity and earn money by marketing it in the Knackit app. You can even earn simply by posting videos in Knackit.
Recyclers, crush the glass, and remove the contaminants. They mix with some raw materials to add color or any other necessary nature to it. Melt and blow them into new bottles.
Aluminum Cans
Aluminum cans are used to store food items like ghee, meat, beverages, oil, and chemicals. It’s the largest produced product globally. Over 180 cans are produced in a year worldwide. Most of the cans are from recycled ones and it’s not the primary produced product.??
You can easily store these cans at home in less space by pressing and flattening them. You can sell these to the metal scrap dealers and buy money depending on their size and weight.?
You can even start an aluminum recycling plant as a business. This isn't as simple as opening the plant unless you got a source of income to start.?
The machines would cost around 2-15 lakhs. It totally depends on what level you wanna invest in. The whole set-up of the installation would range from 30 lakhs to 1 crore. An estimated time to return investment would take 6-12 months. You have to be patient in this time taking process.
Recycle Cooking Oil
The Solid Waste Authority is spending millions of dollars to clean the drainage which is clogging the pipes in the winter season and stops sewer flow. Accumulated fats reproduce pathogens and bacterias.?
For years cooking oil has been recycled to produce cosmetic products and biodiesel. You can make money from such waste cooking oil if you own a restaurant or food processing company. You can even make soaps for cleaning purposes and sell them online through Amazon, Facebook Marketplace, or online stores like Shopify.?
An Eco start-up in Trichy recycles cooking oil and they earn Rs. 250 by collecting 25 liters initially. Now collecting more than 1000 liters of cooking oil from restaurants and street vendors across the city. To know more read the article by clicking Time Of India. ?
You can visit this site:
https://choosesq.com/ - Since 2008, SeQuential has been collecting Cooking oil and recycling it as Biodiesel.?
Paper and Cardboard
The usage of paper and cardboard is increasing vividly every year. Basic usages of paper like newspapers, magazines, cardboard boxes, books, notes, tissue paper, and whatnot. Amazon products get delivered in our footsteps in cardboard boxes.?
Apparently, there are buyers of old newspapers, you can sell the papers to street vendor shops at a minimal price directly or you can sell them to the recycler. There are many ways to earn money with paper, among one which became more popular in recent years in flying burning candles at night.
If you are willing to take it as a business you can take a loan of 10 lakh from Mudra Yojna started by the Union Government. It would take 2 months to get settled arranging the machines, hire people, and set in the process. You can start returning the investment after 6 months.?
You can read this article to know more about it from MIB Magazine.
Wood
Wood is a precious resource that is available to us from our mother earth. We use wood at many places in our life like chairs, cupboards, wooden scales, benches, showcases, and many more furniture things.
We may have useless broken chairs or dead trees which will be degraded automatically by mites and insects due to moisture.
Most wood scraps are used as building materials, paper production, and fuel generators.?
On the other hand, you can sell it to the local hotels as their energy combustor. Additionally charcoal is high in demand from manufacturers. It must be high-quality charcoal.
You can produce useful products in your hand and sell them online to earn money.?
Is garbage a profitable business?
Apart from profit, recycling is the best way of cleaning the environment. You can earn money by benefiting this world, which is appreciable. Profits vary for the item you pick.?
According to GreenBiz,?
In 2014, the recycling industry employed more than 1.1 million people, generated over $236 billion in gross annual revenues, and saved municipal budgets over $3 billion in avoided landfill disposal fees.
Waste?& It's Approximate Profit
Paper - $5 per ton
HDPE plastic?- $250 per ton
Aluminum - $1,325 per ton
Cardboard - $50 per ton
PET plastic - $150 per ton
Wrap up
Recycling waste is an evergreen industry. It would grow even more in upcoming years to eradicate the wastes around the world. The best thing is you can earn from recycling waste and even produce a profit from it. You can also play this prestigious role and save the earth by earning.?
“If you want me to talk about any other waste products?”
Comment YES below, so I can come up with another blog for you.
-
Sri Nandhini G
Secondary School Teacher/Educator/A bit of a writer - mostly curriculum
1 年yes