1.) Start Small
A good way to get off on the wrong foot is to start right away by trying to sell huge items like cars, heaters, and other metals that require a lot of know how to sell properly. If you fail, then you will become discouraged, and might abandon the idea completely.
Instead, you should begin by selling more common metals like aluminum, and smaller items. While you're doing this, you can further your education about the scrap metal business, and reinvest some of the profits to buy new equipment.
Eventually, you will want to move onto bigger items, but by creating a solid foundation for yourself, you will have no problem taking your business forward later.
2) Network With Useful People
It might not seem like it, but a big part of selling scrap metal is building a network of reliable contacts. These are people who can inform you about some available scrap metal, and provide you with places to sell it to. So take the time to introduce yourself to the local scrap metal buyers, and make friends with plumbers, electricians, and construction workers.
Each of the people in those jobs can give you first crack at a wide range of scrap metal before the competition gets wind of it. You should also try to join local business organizations, and build connections there as much as possible.
