Plastic Recycling Business Plan
Plastic Recycling Business Plan
Plastic Recycling business can be a profitable part of your business or even a profitable business on its own. Apart from that, it is a great feeling to know that you are making a positive impact on the environment. You have many choices, depending on how much time, energy and money you want to invest in your business.
You may want to start small, by collecting plastics and obtaining processing to another company, or you can buy processing equipment and do the processing yourself. Before getting started, it’s crucial to profoundly research local manufacturers and know if there is a demand for recycled plastics in your area.
Investment: Plastic Recycling Business Plan
Give thought grants or special loans that may be available from the government or other environmental programs. Your costs would include your provisions, equipment, employees, and electricity, and also the transportation, storage, and handling of the waste and recycling materials.
2. Permits and license
3. A space/storage
Business location – Plastic Recycling Business Plan
Go to your city clerk’s office to assure needed paperwork and apply for a business license, then find a commercial site for your recycling business. Avoid recycling until you have the government has given you a valid license. A location that allows drive-up and drop-off recycling is the perfect one. Make sure there is enough space for your processing equipment. For heavy traffic and customer convenience, choose a location in a centrally located area.
How to start – Plastic Recycling Business Plan
Take a look at the recycling market you plan to operate in. Search online or in your local business listings to find plastic recyclers in your area. Determine whether a new plastic recycling company is in need in your community before getting started.
Get to know about the manufacturers in your area who will pay for recycled plastics. Also get yourself knowledgeable about the kinds of plastic are in highest demand among manufacturers and how much these companies will pay for your recycled plastic.
Determine how you want to assemble your recycle-able products, you can pick up the products by yourself or you can have a talk with a bunch of youngsters who would like to volunteer for you.
Plan out with local businesses and volunteer groups and see if they will donate their recyclables to you. You can also raise your intake of recyclables with the authorized placement of recycling bins in high-traffic areas.
Explore online or in industry distributions for the best deals on used shredders, crushers, extruders, washers and solar dryers. Buy a vehicle large enough to transport processed recyclables to buyers.
Market your business
You can give away pamphlets and brochures to the passersby, put up the ad on TV and radio. Social-media marketing, for example, is more cost effective than traditional marketing tactics and reaches a far broader audience – 75 percent of U.S. adults regularly use social media and check their accounts up to 19 times a day, letting you connect to an otherwise difficult-to-reach customer base. After you have your promoting plan in place, set your plan in movement by collecting plastics from fascinated clients’ homes and businesses.
Target markets – Plastic Recycling Business Plan
Your target markets are your clients and customers. You have to maintain a good relationship with your clients so that they do not top providing you plastics. And also recycle your products in the best and safest manner so that your customers love to come back over and over again.
Qualification – Plastic Recycling Business Plan
You do need a degree to start up this business. But, do read articles and blogs about how to establish and manage this business.
The main advantage of this business is, it makes you feel good about yourself. It feels like you are doing a little for your environment! And apart from that, this business makes the most money in the history of businesses. As years pass your earning will increase at the most rapid rate.
Key to success – Plastic Recycling Business Plan
Your key to success in this business is marketing, you need to get yourself well-known in the field.
First year- $15,000,000
Second year- $32,000,000
Third year- $40,000,000
Fourth year- $44,000,000
Fifth year- $50,000,000