By collecting and recycling aluminum cans, you may be able to earn some extra cash on the side.
This is a realistic approach to generating money, but you must know how to do it in the most profitable manner possible.
The amount of money you may earn by recycling cans is dependent on a variety of variables, but the good news is that the initial investment is modest.
You’re set to start with some waste bags and a good source for collecting the cans.
What Do Recyclers Get Paid for Cans?
The current national average rate for aluminum recycling is roughly 25 cents per pound, according to the iScrap App, a national specialist site on recycling waste metals.
Aluminum recycling costs are determined by the current commodity spot price for aluminum, with recyclers typically paying half of the current spot price.
If the current spot price of a commodity is 50 cents, recyclers will most likely pay approximately 25 cents per pound.
However, some consumers are unaware that aluminum costs may be negotiated. So, if a recycling business offers you 15 cents per pound, you may attempt to haggle up to 20 cents per pound or more.
As a result, it’s critical not to allow a recycler to take advantage of you by paying you less than the current national average price.
It’s also crucial to remember that if you’re not being paid right away for the aluminum cans you bring to the recycling facility, you should receive a written estimate of the price and payment information before leaving.
Because aluminum prices fluctuate daily, if you don’t have a formal contract in hand for the cans you supply, a day’s delay might result in reduced compensation.
How Much Can You Get for Bottle Bills in Cans?
Because the state has adopted a “bottle bill,” the average recycling prices for aluminum do not apply in certain states. State statutes establishing minimum compensation for recyclable cans and bottles are known as “bottle bills.”
At the moment, twelve states in the United States have active bottle bills that mandate minimum payments of 5 to 10 cents per recycled aluminum can.
If you reside in one of the 10 states with bottle bills, your earning potential from recycling aluminum cans has just skyrocketed. The current average price per pound in the United States is 25 cents, which equates to around one penny per can.
If you reside in a state that has a bottle bill, you may make five to ten times more per can than if you live in a state that doesn’t.
For example, if you could collect 1,000 cans every week at a rate of ten cents per can, you’d earn $100 per week.
Bottle bills are now in effect in the following states:
New York is a city in the United States.
If you live in one of these states (or near the border of one of these states), it may be better for you to recycle aluminum cans.
Where Can Aluminum Cans Be Collected?
“Where am I going to acquire the cans?” is the first question you should ask yourself before beginning to recycle aluminum cans. You do, however, have a few alternatives.
Inquire with your family members, friends, and neighbors.
Begin with your own home, family members, and neighbors’ residences. Inquire whether they bring their cans in for recycling, and if not, if you might take them off their hands. Some families use a large number of carbonated drinks, resulting in a large number of cans for your collection.
However, rummaging through your neighbors’ garbage bins for aluminum cans without their permission is not a good idea.
Some states have laws that make it illegal to do so. If you aren’t planning on having your neighbors put aside the cans for you, make sure you get their permission before taking them out of their curbside recycling bins.
Your Place of Business
You may also look at your workplace as a possible source for collecting aluminum cans. In the breakrooms of most businesses, there are soda machines. What happens to the cans that individuals obtain from such machines at your workplace?
If you can secure permission to take the cans home, you can get a lot of them. Just make sure the containers are stocked with rubbish bags for easy disposal.
Make Contact With Local Companies
Local businesses are another alternative for collecting cans. Businesses in your neighborhood may be willing to let you put up an aluminum can recycling bin in their breakrooms and collect the cans for recycling every week.
Because many individuals care about the environment, local companies may be willing to let you assist them in keeping their beverage cans out of the landfill.
Some individuals get cans by establishing recycling bins in nearby school lunchrooms. People’s use can just go to the local garbage collection since many schools do not have recycling systems in place.
You may add a lot more cans to your collection if you can redirect these cans to your recycling firm.
Go to the Events page.
Another good spot to look for aluminum cans to recycle is during outdoor concerts and festivals. People who attend these gatherings often leave cans out in the open on the grass or on tables, where they can be collected and turned in for cash by enthusiastic recyclers.
I’m not sure where I’m going to put the aluminum cans.
You may find listings for local aluminum recyclers in your region in the yellow pages of your phone book or on websites like recyclingcenters.org.
Keep in mind that different recycling centers pay different amounts for the cans they get, so read reviews online and do your research to find the recycling center in your area that pays the most.
Recycling aluminum cans won’t make you financially independent on its own, but it can be a fast method to generate money if you’re in need, particularly if you and/or others around you use a lot of canned soda and other beverages.
When done correctly, taking advantage of the free money floating about through aluminum cans can be well worth the effort.