Batteries are one of the most useful
inventions known to man. They store electrical current used to power various
devices.
They are common in transistor
radios, cars, engines, clocks and torchlight’s. The components that make up the
device are non biodegradable and harmful to our environment.
They emit poisons substances killing
fauna and organic life. The good news is that they are abundant and recyclable.
A smart investor could cash in on
this niche industry and earn steady income. To start the enterprise you need a
battery recycling business plan, registration and customers.
Other requirements are collection
points and an effective marketing strategy.
How Battery Recycling Works
Battery recycling involves crushing
them and reusing the components. There are many company’s willing to pay good
money for used batteries.
Therefore you have two viable
business formats selling the used batteries and recycling them yourself.
Collecting and selling the battery is infinitely less expensive than operating
a recycling plant.
You only need money to purchase them
and transport to location.
Determine the Batteries to Recycle
There are different types of
batteries so you need to determine which ones you need. Recycling plants prefer
certain types so specialize or generalize.
Make sure you have adequate storage
space and heavy duty vehicle to transport the merchandise.
Batteries fall under
non-rechargeable and rechargeable. You have the acid cell, Bunsen cell, Atomic
battery, Alkaline, dry cell, lithium and magnesium batteries. Others are Gel
battery, zinc-bromine, nickel, sodium-sulfur and zinc ion battery to mention a
few.
- Gel battery
- zinc-bromine
- nickel
- sodium-sulfur
- zinc ion
- Bunsen cell
- Atomic battery
- Alkaline
- dry cell
- lithium
- magnesium
Battery Recycling Business
Opportunity
Write a battery recycling business
plan and carry out a feasibility study. The plan should cover procurement,
location, funding, expansion and future goals.
Carry out a survey and locate your
customers. Find out what other recycling plants in your locality are doing and
provide better service.
Register the Business
Incorporate the business as a
proprietorship enterprise, partnership or limited liability company. Fill a tax
identification number form and get insurance cover. Find out safety and waste
management procedures and guidelines.
Identify your Target Market
It is important identifying your
target market before gathering the batteries. Identify companies that require
huge quantities of batteries. Sell your scrap battery to company interested in
used batteries.
Collection Point
The main sources of your raw
materials are small scale vendors. Sources include mechanic workshops, private
individuals and companies. You could locate small collection points around town
or have a centralized dump site.
Network with Recycling Plants
Register with big recycling plants
in your area. The price of batteries fluctuate, however you will get good value
for them. The price of the batteries is calculated on the weight of the
components.
Marketing
You need to device an effective
marketing strategy. Although the demand is high sourcing the product is
moderately challenging.
Once you have established a good
network all you need to do is collect the batteries and supply to recycling
plant. If you choose to use print medium make sure you stay within a small
budget.
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