I have been in the scrap business for about 2.5 years and do it on a slightly larger level than the average peddler. I have trucks, trailers, and some equipment. It is true, a lot of hard work is needed and even more luck, but if you look hard enough and are willing to go out of your way to get it, you can earn fair amounts. My business is basically a 2 man shop and we profit anywhere from $1000 - $2000 per day. This excludes the winter, where the profit is lower and we can work in -20 degree weather.