Analysis of ewaste true value

**unknownk** · 10-03-2012, 09:26 PM

Originally Posted by ScrapYaHerd

Mikenreco-I hope you have other ways to increase your margin working hard for 20-30% isn't much...I think a good margin is at least 40-50%....Some resellers I hear hit the 1000% mark often.I'm an investor so I'M VERY FOCUSED ON % RETURNS. I work 80-90hrs and I expect my money to work even harder for me.

Exactly where is the added value coming from to give you greater then 40-50% return on investment in a commodity market without ripping people off?

**jghilino** · 10-03-2012, 09:57 PM

Originally Posted by unknownk

Exactly where is the added value coming from to give you greater then 40-50% return on investment in a commodity market without ripping people off?

i buy scrap and sort and process it and make over 50% on the majority of it, theres a fine line between what you call ripping people off and making a legitimate profit. The way i look at it is if you both agree on a price for the scrap and pay them that amount or better then its a square deal. It is not my job to tell the seller exactly what they have or whats it worth. It is my job to process it sort it and resell it. It is the scrap sellers responsibility to determine what they have and what it should sell for. If the seller is to lazy to do there homework than the loss is on them plain and simple. I always pay more than the agreed price so they always come back and bring me more referrals.

For example i pay $10 for a pound for some high grade boards. I cut the fingers and plated areas off and sell them for $20, and sell whats left of the boards for $2. Thats a 120% profit. Is it my job to tell the seller how to process, resell or refine there scrap to get top dollar, i think not. I will help sellers sort there scrap by type and pay them for it by type but thats as far as i am willing to go.

**unknownk** · 10-03-2012, 10:16 PM

Originally Posted by jghilino

i buy scrap and sort and process it and make over 50% on the majority of it, theres a fine line between what you call ripping people off and making a legitimate profit. The way i look at it is if you both agree on a price for the scrap and pay them that amount or better then its a square deal. It is not my job to tell the seller exactly what they have or whats it worth. It is my job to process it sort it and resell it. It is the scrap sellers responsibility to determine what they have and what it should sell for. If the seller is to lazy to do there homework than the loss is on them plain and simple. I always pay more than the agreed price so they always come back and bring me more referrals.

For example i pay $10 for a pound for some high grade boards. I cut the fingers and plated areas off and sell them for $20, and sell whats left of the boards for $2. Thats a 120% profit. Is it my job to tell the seller how to process, resell or refine there scrap to get top dollar, i think not. I will help sellers sort there scrap by type and pay them for it by type but thats as far as i am willing to go.

The second part is what I call value added, you basically put work and knowledge into what you were doing to make extra profit. Now if you are paying 50% of what everybody else locally is paying for lets say lumps of copper, then you are probably ripping people off (there is nothing to break down or sort for added value, you are just short changing people on a commodity).

**jghilino** · 10-03-2012, 10:39 PM

"The second part is what I call value added, you basically put work and knowledge into what you were doing to make extra profit." that is exactly what i do

**Jeremiah** · 10-04-2012, 03:07 PM

Originally Posted by unknownk

The second part is what I call value added, you basically put work and knowledge into what you were doing to make extra profit. Now if you are paying 50% of what everybody else locally is paying for lets say lumps of copper, then you are probably ripping people off (there is nothing to break down or sort for added value, you are just short changing people on a commodity).

No offense but this logic sounds kind of sappy to me.

Transactions free from force are, by definition, mutually beneficial. One party prefers the others items more than they prefer their own. Both parties prefer more to less and it's not our job to say who should have gotten more and who less, it is the job of the individuals engaging in the transaction. I pay more for lots of items for various reasons. I pay more for milk because I like the convenience of picking it up while at the gas station while I gas up and buy my Copenhagen. I pay more for my car repair because I trust the guys working on it. I may pay more for meals at a restaurant via tips if the waitress is cute and smiles at me. At no point am I being ripped off. Remember, time is money and it takes time to engage a market like metal recycling for best pricing. Some individuals are happier to take what they are offered first just like some individuals will call the first person in the yellow pages and accept the offer. Maybe they view the costs of “shopping around” to be greater than then added benefits of getting an extra 25% markup. Who knows? Who Cares?

**unknownk** · 10-04-2012, 05:34 PM

Originally Posted by Jeremiah

No offense but this logic sounds kind of sappy to me.

Transactions free from force are, by definition, mutually beneficial. One party prefers the others items more than they prefer their own. Both parties prefer more to less and it's not our job to say who should have gotten more and who less, it is the job of the individuals engaging in the transaction. I pay more for lots of items for various reasons. I pay more for milk because I like the convenience of picking it up while at the gas station while I gas up and buy my Copenhagen. I pay more for my car repair because I trust the guys working on it. I may pay more for meals at a restaurant via tips if the waitress is cute and smiles at me. At no point am I being ripped off. Remember, time is money and it takes time to engage a market like metal recycling for best pricing. Some individuals are happier to take what they are offered first just like some individuals will call the first person in the yellow pages and accept the offer. Maybe they view the costs of “shopping around” to be greater than then added benefits of getting an extra 25% markup. Who knows? Who Cares?

I stated 40-50% difference or more in my original post, everbody has a slightly different price they buy for but sooner or later you get into ripping people off territory. Nobody forced anybody to invest with scammers, so getting scammed is mutually beneficial now? if I paid your girlfriend/wife/brother/father etc $500 for a 1 oz gold bullion coin with metal content at $1700 you can sell at every other location for much more I guess you would think that is pretty much fair?

Sure some people just want their junk metal gone and getting some cash for it is just a bonus. I just don't see how stiffing the clueless on a commodity you just flip isn't intentionally ripping people off. I guess you guys all love cash-for-gold then?

**Jeremiah** · 10-04-2012, 07:36 PM

Originally Posted by unknownk

I stated 40-50% difference or more in my original post, everbody has a slightly different price they buy for but sooner or later you get into ripping people off territory. Nobody forced anybody to invest with scammers, so getting scammed is mutually beneficial now? if I paid your girlfriend/wife/brother/father etc $500 for a 1 oz gold bullion coin with metal content at $1700 you can sell at every other location for much more I guess you would think that is pretty much fair?

Sure some people just want their junk metal gone and getting some cash for it is just a bonus. I just don't see how stiffing the clueless on a commodity you just flip isn't intentionally ripping people off. I guess you guys all love cash-for-gold then?

Things like Cash-4-Gold and pawnshops are a rip-off to me because I've invested in the knowledge and have the patience to send my gold elsewhere and sell on eBay. But I would not call their business a scam. They are providing a service and individuals are free to engage in the service if they wish. These same individuals are a few goolge clicks or phone calls away from getting more for their money but it is their responsibility to do so, not the responsibility of cash-4-gold to raise their prices.

For example. You want quality services for cheaper prices? Don't call the guys with the huge banners in the yellow pages. Yet for some, this large full page spreads in the newspapers and yellow pages signal quality and trustworthiness even if it is not the case. The same is true of cash-4-gold. What they lack in prices offered to their customers they makeup for in availability and name recognition. To some customers, this means a lot.

Lets look at your scammers analogy in more detail. Remember, a transaction is twofold. I give you what I advertise and you give me what you advertise. If this transaction is free from outside force then, by definition, both parties must have valued the other individuals goods more than what they exchanged it for. This is proven by the acting parties making the exchange. In the scammer analogy I upheld my end of the transaction, but the scammer obviously did not uphold his bargin. Had I known this ahead of time, nothing would have been exchanged. Thus, the scammer is a fraud.

Fair is subjective. I would tell my brother that you ripped him off, as you would tell your that I likewise ripped him off if the cases were different. However, there is nothing inherently wrong with someone making lowball offers. We should be allowed to offer whatever we like. Again the responsibility falls on both sides of the same coin.

**unknownk** · 10-04-2012, 08:05 PM

Originally Posted by Jeremiah

Fair is subjective. I would tell my brother that you ripped him off, as you would tell your that I likewise ripped him off if the cases were different. However, there is nothing inherently wrong with someone making lowball offers. We should be allowed to offer whatever we like. Again the responsibility falls on both sides of the same coin.

I can see where you are coming from, and I do agree fair is subjective. In every state there are all kinds of laws to keep you from being able to rip people off (interest rates on loans etc), if too many people get burned there will be a law written sooner or later.

**MisScrap** · 10-09-2012, 08:19 AM

Originally Posted by Jeremiah

Things like Cash-4-Gold and pawnshops are a rip-off to me because I've invested in the knowledge and have the patience to send my gold elsewhere and sell on eBay. But I would not call their business a scam. They are providing a service and individuals are free to engage in the service if they wish. These same individuals are a few goolge clicks or phone calls away from getting more for their money but it is their responsibility to do so, not the responsibility of cash-4-gold to raise their prices.

For example. You want quality services for cheaper prices? Don't call the guys with the huge banners in the yellow pages. Yet for some, this large full page spreads in the newspapers and yellow pages signal quality and trustworthiness even if it is not the case. The same is true of cash-4-gold. What they lack in prices offered to their customers they makeup for in availability and name recognition. To some customers, this means a lot.

Lets look at your scammers analogy in more detail. Remember, a transaction is twofold. I give you what I advertise and you give me what you advertise. If this transaction is free from outside force then, by definition, both parties must have valued the other individuals goods more than what they exchanged it for. This is proven by the acting parties making the exchange. In the scammer analogy I upheld my end of the transaction, but the scammer obviously did not uphold his bargin. Had I known this ahead of time, nothing would have been exchanged. Thus, the scammer is a fraud.

Fair is subjective. I would tell my brother that you ripped him off, as you would tell your that I likewise ripped him off if the cases were different. However, there is nothing inherently wrong with someone making lowball offers. We should be allowed to offer whatever we like. Again the responsibility falls on both sides of the same coin.

Check out Cash4Gold on BBB (aka CJ Environmental) I has to press suit againstb them myselves. They aslo run a site (cashforelectronicscrapusa.com) That is NOT EWASTED...

**ScrapYaHerd** · 10-04-2012, 08:06 PM

I almost never get material in a form I just put in a box, it almost always needs to be cleaned. What is wrong with paying someone slightly less than you will make for something they got for free that you have to break down? That would be a 50% profit? How about some business "trash" same thing. Now I can see if your a scrap yard paying 2.00-2.50lb for clean motherboard brought to you, that is a ripoff and why I don't sell ewaste to yards.