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Savvy entrepreneurs look for markets throughout a product's lifespan. Large numbers of electronic devices ranging from home computers to cell phones and even remote controls find their way into landfills every year. These devices contain hazardous chemicals including lead and cadmium as part of their electronic scrap components.
Electronic scrap refers to outdated, damaged or broken electronic equipment. Much of the scrap is salvageable and business owners may profit from selling replacement parts taken from devices broken in different fashions. LED screens may be used in other devices, buttons may be saved and even the internal workings of the device may find new life if the damage or malfunction of the machine was unrelated. Small businesses working with recycled scrap may see high profit margins when selling to the repair or refurbishing markets.
Other businesses may find profit in electronic waste disposal. This includes the transport of the devices to specially protected waste sites in order to reduce the potential of harm to the environment. Governmental grants, federal loans and other resources may be available to an entrepreneur engaged in this type of business.
The technologies that create and manage electronic waste are constantly changing, and Business.com remains a great source for the latest information on electronic scrap and other business opportunities.