3 Ways Electricians Can Maximise Cash For Wires Payments
As an electrician, you'll come across waste wires and cables on your jobs. Rather than throwing away these items, you can recycle them for cash. Scrap metal dealers want the metal in wires and cables; they'll pay you for your waste.
If you take a little time to plan how you sell this scrap, you'll make more money from it. What do you need to do to maximise your returns?
1. Don't Discard Any Waste Wires
Don't assume that scrap metal dealers are only interested in the copper in waste electrical wires and cables. They'll also buy items that contain other metals, such as aluminium, gold, silver and tin. So, virtually any electrical wire or cable could make you some extra cash.
So, make sure to keep all of the old wiring or cabling you remove on jobs. It's also worth starting to collect up the off-cuts of new wires and cables you make as you work. Even if you only snip off a small part of a wire on a job, this part has some value. If you get into the habit of collecting these pieces, their value soon adds up.
2. Strip Wires Before Selling Them
Your waste wires and cables will usually have jackets or coatings on them. While you can sell them in this state, you probably won't make as much money from them.
Dealers will have to strip the jackets and coatings off wires and cables to get to the metal they want. Their prices are likely to be different for scrap wires and cables that they have to strip compared to ones you've already prepared.
So, it pays to strip your wires and cables before you sell them. Take off jackets, coatings and any plugs or connectors. You should make more money for the bare metal.
3. Sort Your Wires
If you bundle different metals together when you collect waste wires and cables, then you will make some money. However, you could make more if you sort your collection into different metals.
If you have a lot of different metals and don't sort them, then your dealer might simply give you an average price by weight. However, this price might not give you the highest return for more valuable metals. You'll get a fairer, more accurate and higher price if you take some time to sort your waste into different metals and sell it in individual groups.
To find out more, contact scrap dealers with a cash for wires service.
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