Quote Originally Posted by jghilino View Post
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).