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Ideas to make money?

124

Comments

  • Flyonthewall
    Flyonthewall Posts: 4,431 Forumite
    Ninth Anniversary 1,000 Posts
    Deru wrote: »
    As for the other example, you can buy pallets of goods that are returns from big retailers. Big risk with these as some items are faulty. Others, just returned due other reasons. I know a company that bought some and lost money due to too many items being defective.

    Yeah. Electronics/tech are the biggest risk with that and you may end up paying more if buying them in auctions as people see loads of expensive electronics and don't think about the risk factor/get carried away and bid higher. Even if you can fix any broken ones it wouldn't be worth the time.
    However, as for picking up junk, provided you can repair it or sell it for parts, you can still make something. I pick up rubbish from work (old computers, etc), fix them up and they can still sell for something. Other stuff, I've sold the parts to scrap metal recyclers, i.e. scrap cable, copper, alluminium, lead acid batteries, etc. Don't get a lot and takes a bit of time to sort but better than nothing when I need to get rid of it anyway and scrap yard isn't that far.

    You have to be careful taking rubbish from work. Some companies may not like it and you could find yourself in trouble just taking it. Even if you get permission check that you're fine to sell it (or parts of it) because some companies may allow it for personal use for expect it to be destroyed when no longer needed.

    Plus with computers unless you remove the hard drive they will still have data on even if you wipe it and reinstall the operating system. Most people wouldn't think to try and access the data, wouldn't know how and it'd be fine. However, others could and may look out for people who sell computers from companies.

    If they can get to sensitive/company data you could be in serious trouble for selling the computer, especially if the company didn't know you were planning on selling it (or had even taken it).
  • Pondering
    Pondering Posts: 7 Forumite
    edited 18 March 2015 at 12:43PM
    Soaps were just a random example. On the other hand correct me if I'm wrong but isn't the selling of scrap metals and associated waste now illegal? One reason being put forward to explain the drastic increase in dogs being stolen.

    Something about traders dealing in cash and dating from a fair while back...from a uk Gov site
  • Flyonthewall
    Flyonthewall Posts: 4,431 Forumite
    Ninth Anniversary 1,000 Posts
    Pondering wrote: »
    Soaps were just a random example. On the other hand correct me if I'm wrong but isn't the selling of scrap metals and associated waste now illegal? One reason being put forward to explain the drastic increase in dogs being stolen.

    A random example that you went into a lot of un-needed detail over, hence the confusion.

    Why would it be illegal? I often hear people mentioning about selling scrap metal. Maybe I've missed something but far as I know it's still legal.

    How does that explain dogs being stolen more?
  • Pondering
    Pondering Posts: 7 Forumite
    edited 18 March 2015 at 1:16PM
    Google it then what do ya need me to do hold your hand? There has been an increase in the theft of dogs attributed by police to the ban on traders dealing with cash for scrap metal.

    I cannot post links but this comes from the first line of a Gov UK
    site = Rogue traders who buy and sell scrap metal for cash face £5000 fine under new laws designed to stamp out metal theft (dating from Oct 2013). So gratz on also posting info about stuff ppl might find difficult to do ;-)
  • Flyonthewall
    Flyonthewall Posts: 4,431 Forumite
    Ninth Anniversary 1,000 Posts
    Pondering wrote: »
    Google it then what do ya need me to do hold your hand? There has been an increase in the theft of dogs attributed by police to the ban on traders dealing with cash for scrap metal.

    I asked out of curiousity expecting a simple short answer. Googling means going through loads of articles and considering the two didn't seem related a google search could have meant wasting a lot of time trying to find the answer. Normally I do Google things before asking but seemed a rather pointless thing to do in this case when I could ask you directly.

    Seems a bit of an odd move though. "Aww, I can't get cash for a bit of metal. I know, I'll steal a dog!" They're hardly the same. I'd expect a rise in car theft or something...

    In my area we have at least one scrap man that comes around taking scrap and sells it. And a I've said before, I've heard it mentioned numerous times about selling scrap.
  • asajj
    asajj Posts: 5,125 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Rampant Recycler
    Selling scrap metal is not illegal. Selling it without a licence is.
    Otherwise all those scrap metal businesses would be illegally operating.
    ally.
  • Pondering
    Pondering Posts: 7 Forumite
    edited 18 March 2015 at 1:51PM
    So technically Joe public or Terry Tinker cannot sell scrap remnants to a scrap dealer because he is not licensed so no more nicking war memorial plaques then...There used to be maybe 5 groups in my area collecting scrap now I see none. Whether licensed dealers buy for cash or not might depend on whether they trust someone not to shop them for profit dunno really but I'd hesitate to suggest turning em in as a viable way to raise any cash. Stuff here about cashless sales etc.

    .recyclemetals.org/about_metal_recycling (stick www in front)
  • asajj
    asajj Posts: 5,125 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Rampant Recycler
    Unless they have a licence. Can't see whether they do or not.
    ally.
  • Flyonthewall
    Flyonthewall Posts: 4,431 Forumite
    Ninth Anniversary 1,000 Posts
    There are plenty of ebay listings that are items sold as spares and repairs/not working and often listings are for what is basically bits of scrap. I imagine there are those who buy it cheap and then sell it on as scrap or those who normally buy it off traders who can't now. Really nothing to stop people selling stuff as spares and repairs instead.

    You'd think if people are willing to break the law stealing dogs they'd just break the law and continue to deal in scrap metal. At least it's a business they know about and surely more people want scrap than who will take stolen dogs.
  • Deru
    Deru Posts: 639 Forumite
    Part of the Furniture 500 Posts Name Dropper
    edited 19 March 2015 at 11:34AM
    You have to be careful taking rubbish from work. Some companies may not like it and you could find yourself in trouble just taking it. Even if you get permission check that you're fine to sell it (or parts of it) because some companies may allow it for personal use for expect it to be destroyed when no longer needed.

    Plus with computers unless you remove the hard drive they will still have data on even if you wipe it and reinstall the operating system. Most people wouldn't think to try and access the data, wouldn't know how and it'd be fine. However, others could and may look out for people who sell computers from companies.

    If they can get to sensitive/company data you could be in serious trouble for selling the computer, especially if the company didn't know you were planning on selling it (or had even taken it).


    Don't worry. I got permission to take it. Also, I erase the drives (low level) or destroy them if they're faulty/obsolete.


    As for scrap, selling it can't be illegal. The place buying it must follow procedures though and not pay cash. Seller needs ID. If a license was required on my part, they'd have asked for one as I take it to a legit metal recycling company.
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