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For the last two years I have been collecting and selling used wood pallets. The value of the pallets will fluctuate based on supply and demand. At one point two years ago I received $3.00 each for my pallets and then the price sank to $2.00 and now it is up to $2.75. These pallets are the 4' x 4' pallets. Not all pallets are worth the same money. Some smaller pallets you will only receive about $0.75 each. They are usually not made of hardwood like the 4'x 4' pallets.
Equipment needed to start your own pallet recycling business:
- Either a truck or trailer that can be used to haul the pallets.
- Gloves so you do not get splinters.
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Ropes to tie the pallets down to the trailer.
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Storage - If you do not have an area to store your pallets you will have to sell them right away to a local pallet recycling company at their current going rate.
Over the weekend I saw approximately 30 pallets sitting outside of a local outdoorsman retail business by the dumpster. I did not collect the pallets because I was in the car with my family. If I had I taken the time to go get my trailer I would have made about $82.50 by collecting the pallets and selling them to a pallet recycling company. Most of the pallets I collect are from my own warehouse and the businesses located around my warehouse. Most businesses will not take the time to haul their pallets to the recycling company located just 2 blocks away.
I do not keep the money that I receive for selling the pallets. I give the money to my kids for spending money. When my kids come to the warehouse they look around the neighboring businesses and we go get the pallets if they find them. It teaches them how to make money and it helps them understand business.
This is a pile of pallets waiting to be recycled for money!
Advertise a Pallet Pick-up Service
Many people actually make their entire living from locating and selling used pallets to recycling companies. If you spend the time talking to business owners they will save the pallets for you to pick up weekly. It is a great source of extra income and it takes very little start up costs. Hand out flyers asking for pallets and offer free pick up. |
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