A pile of scrap metal.

How To Turn Junk Into Cash

When you need money fast, you might think that a loan is the best answer, but this is not always the case. In fact, you might just be able to get the cash that you need by selling what others would call junk. Here is how you can do just that.

Can You Turn Junk Into Gold?

Yes, if you are sitting on a pile of junk, you really can turn it into the cash that you need. You just need to be ambitious and know where to sell it.

A lot of people are finding themselves in the position of having too much junk to deal with. With the rise of metal recycling centers, it’s easier than ever to get rid of your old junk and make a profit on it.

Selling Metal Junk

Just about every metal has some sort of value to a recycler. Gather up all of your scrap metal in your home and you may be able to make as much as 20 cents a pound for it. That might not sound like much until you consider how much metal weighs.

Don’t have metal to sell? You can still take advantage of the opportunity by picking up free metal. People toss metal to the curb every day. All that you need to do is pick it up, respectably of course, and bring it to a recycler. This can be a great side gig with no overhead.

So, what kind of scrap can be sold? Scrap metal is a term that refers to any leftover metal that has been discarded by a company, industry, or individual. Scrap metal can be recycled into raw materials like steel, aluminum, copper and lead. This includes scrap from cars, old buildings, construction projects and even water heaters.

Selling Used Goods

You probably have all sorts of things hanging around your home that you never use. You can not bring yourself to simply throw them away, because you know they have value. You are right, so sell this junk.

One way to turn your unwanted junk into cash is through selling it on eBay. This website exposes you to thousands of buyers who may be looking for what you have.

You can also sell your unwanted junk online by listing them on Craigslist or even through Facebook Marketplace. Both of these services are very popular and if you price your junk well, it will sell quickly.

The Best Way To Turn Your Junk Into Cash

You might have some old stuff lying around your home that you are not using anymore. You might be thinking of selling it on eBay or craigslist, but before you do that, there are a few things you should know first.

The best way to sell your junk is by taking a step back and analyzing the value of the item. If you think the item has a high value, then it would be better if you sell it online.

Online market places like eBay will give you top dollar because of the power of bidding. People love to compete and this feeling of competition will provide you with top dollar on your items for sale.

If your item does not have high dollar appeal try selling it in person by going to a community garage sales or flea market. People are looking for mainly inexpensive items at places like this.

Where To Find Junk To Sell Online

Whether you’re a garage-sale hunter, or a professional junk seller, there’s no denying that finding and selling junk is one of the best ways to make some quick cash when you need money in a hurry.

A lot of people are looking for used items these days, but it can be hard to find what you’re looking for. That’s why we’ve put together a list of places where you can find the most interesting and unusual things around your neighborhood, whether you want to sell them or just take them home with you.

Garage Sales

This is the absolute best place to find things to resell for several reasons. One, people often do not know what they really have, value wise. And two, people holding garage sales are often motivated by getting rid of clutter more than making a profit. This means that you can score some great deals, especially if you bundle items.

Thrift Stores

Almost as good as a garage sale as a way to find deals. Most thrift stores take in items in the form of donations and sell them to the public for a profit. They want to make money on their goods, but they often do not know what the real value of the items they sell. If you have good product knowledge, you may be able to find some deals and turn them for a profit.

Pawn Shops

Pawn shops are a bit harder to find deals at, because most store owners are knowledgeable about the value of their goods. If something is worth 300 dollars, they know it. Still, it is worth swinging in to your local shop to see if they have any deals. If they are overstocked on an item, they might be willing to sell you something cheap.

How Much Can You Make Selling Junk Online

This article is meant as an introduction to the topic of selling junk online. The details such as how much money you can ultimately make are up to you.

The deciding factor will usually be how much time you are willing to put into your money making project. If you do just the bare minimum, it might be possible to bring in an extra 100 dollars a month or 1200 dollars in a year. Put in more time though and the sky will be the limit.

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James Car is a finance, loan and budget expert based in the United States. After attending Brookhaven college, he went on to become a successful entrepreneur. He now enjoys writing articles that help people save and make the most of their money.