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Hopefully some of this is useful:
Something I know the small yard I referred to in the "shipping supplies" thread did starting out; they initially were an aluminum cans (and probably light steel) only recycler. Kept them from having to do as much paperwork based on the laws at the time. Think they also did some cardboard or similar material starting out.
I know from experience with two different Texas yards, if you can take plastic, paper, cardboard when nobody else will, you'll get customers that otherwise wouldn't bother recycling at all cause they want to be responsible with their waste and aren't worried about making money off it. They don't necessarily bring a lot of metal, but they will bring it if they are bringing in the other. And if you stop accepting those things, those customers tend to go away. Might not make or break the business but something to consider.
I guess all that is to say, consider what material you want to take and figure out your state laws; you might start off with fewer materials and as you figure out any requirements add more materials.
Then you also need to know your competition, if you don't have a refiner to sell direct to you may be a customer at your competition where your customers may be coming to you for the convenience of not driving 30+ miles vs a high payout and you take all of that material 30 miles yourself.
_________________ Here to learn more so I can recycle more My grades are my own opinion and not an official grade from Boardsort
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