Time to take your junk cars; convert scraps into cash

Cities are junked with cars….new models just come and go…new models dominate the car world that necessarily has made up a situation where old cars are kept away from home in the garages. Yes…here is the huge business opportunity if you are just hunting for an everlasting business idea…remember your industry is going to be junk car industry and not car industry.  Nowadays, it seems car owners die to sell their old model cars, which owe an absolute forecast that no one is going to buy them. So..it’s time for you to take those fishes, fry them with spices and sell them to someone. Translation: negotiate with some scrap car owners for a free or low cost deal of purchasing them, crush those cars using a crushing plant and separate the metal from other unused parts of the car and sell the metal for a fixed price per ton. That’s it…now you are to start your deals and for some hot bargaining. Here is a snapshot of what you will be doing with your junk car business. 
Product (what you sell to your customers?)

It’s going to be recycled or crushed metal and not cars

Who will buy them (your target audience?)

Ultimately you are going to target someone who need metal and who don’t mind if it is a used or recycled metal. Yes, there are manufacturing companies that promote the concept of green in their production cycle…so you need a hunt on the internet and on the offline markets about such companies and of course..you need to smart enough to negotiate with them to become their metal supplier.

Your value proposition (what makes you unique than other metal suppliers)

It is recycled metal….you can show yourself as a guardian of this earth and environment. ‘Recycled metal’ promotes you as a green supplier so that the universe will have no worries to buy from you.

 Some places where you might start your business

Car manufacturing companies (just ensure whether they don’t mind that you provide used metal)

Some big metal suppliers (these suppliers are used to sell fresh metals so you can make a deal for a bulk sale with them in a discount)

Assets of your business

You will need an old garage to keep your junk cars doesn’t matter if it is in your home, crushing plant to crush metal, recycling technology and related plants

Some rewards to the idea

No need huge investment, employees and a functioning office for a crocodile rent

Annoyance?

Yes, you have to handle the recycling process properly..if not you will end up with something related to metal but not metal.

Take your guts and invest in this idea, if not find other ideas in our blog.

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Small apparel factories in Asian countries do benchmark in their niche markets by promoting CSR initiatives

Corporate Social Responsibility (CSR) now has become a key to promote businesses, brands and even specific business units. CSR is one best way to show others that a company really cares about its society, environment, employees, and all other stakeholders. Why do most companies fail to gain their real outcomes that they ought to get from their CSR initiatives is because they downside to use it as a mean of promotion. Whether you are in a small business or engaged in large business, moral CSR would be the ultimate point where you can serve your business towards a successful sustainable survival.

Small apparel business firms in Asian countries do practice CSR as a very effective mean of promoting their business deals among their buyers or small niche markets. In countries such as Sri Lanka, India, Thailand and China, there are enormous amount of small apparel factories. However, it will not be sensible to say that they all factories play very successful in their businesses. Most of these export-oriented firms’ prime revenue sources are the countries in Europe, United States of America and other western countries who buy from them. Since these factories are small in scale, they mostly survive in their businesses with only one or two buyers who buy from them in a temporary basis. Nevertheless, there are also very successful small apparel firms with more than thousand employees and they earn a good income. Let us try to look-into further on why there is such a discrepancy. 

Noticeably successful firms are engaged in CSR activities and for sure, it remains as one of the main reasons for their sustainable survival. ‘CSR is one of the main reasons for why my buyers are insisting with my business and when a deal comes to end, my partners (buyers) always recommend other about my business’ said Mr. Bandula CEO of Rainbow Private Limited a medium size garment in Sri Lanka. Nevertheless, it is not to say that just actively participating and promoting CSR initiatives among your niche would only let your business to go up. Do not forget that CSR alone would never work unless if your business is up to the expected quality and customers’ requirements.  

There are some interesting stories on how small apparel factories in countries such as Sri Lanka, India, China and Thailand promote their CSR initiates among their niches (buyers). Milking scheme, vegetable scheme are two interesting ways how these firms do CSR with their employees and society. Most of these firms are situated in far villages and the people who live there are poor. Under milking scheme, the company will provide cows to some specific employees and all of the employees must take care of the cows. So that there is a basis and according to that basis, each employee must provide food to the cows and the milk will be equally distributed to the employees. Vegetable scheme also work in a similar manner.

It seems really funny as well interesting and these firms really being successful as they gain very loyal customers and a loyal niche market (buyers). Most of the buyers have started to prefer CSR in their choice of selecting suppliers as they a know a firm that takes care of employees and other stakeholders would take care of its buyers or customers as well.

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Business guys enjoy the mil of worldcup cow

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