I am thinking about starting this kind of business. If i buy, say, low grade copper from some third world country, and flip (sell) it to a recycler here in the USA is there /or is there not a SET market price for low quality commodities. Just as there is a global, accross the board, market price for gold. Or are these 2 different things? Thanks
2007-03-21 06:43:09 · 4 answers · asked by westphalia1 2 in Business & Finance ➔ Other - Business & Finance
Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you'll inevitably have as well as many you haven't anticipated yet. See the source box for some relevant links.
Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:
* Building an Import/Export Business, 3rd Edition by Kenneth D. Weiss
* Import/Export: How to Get Started in International Trade by Carl A. Nelson
* Start Your Own Import/Export Business (Entrepreneur Magazine's Start Ups) by Entrepreneur Press
* Importing Into the United States: A Guide for Commercial Importers by United States Custom Service
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
2007-03-28 04:49:08 · answer #1 · answered by TM Express™ 7 · 0⤊ 0⤋
Before you do that you need to investigate the cost of shipping. That could very well eat any profit you might make.
Low grade and junk metals generally would not bring enough of a price to justify the shipping expenses.
2007-03-22 06:26:26 · answer #2 · answered by jim_elkins 5 · 0⤊ 0⤋
go to Demolition, Scrap Metal and Salvage News website for scrap metal information, scrap metal prices, copper prices, etc.
2007-03-21 07:45:10 · answer #3 · answered by ? 4 · 0⤊ 0⤋
Not sure but, it could cost you more in charges, taxes and customs.
2007-03-21 06:59:58 · answer #4 · answered by Zookeeper 3 · 0⤊ 0⤋