Most of us have heard the saying, “One man’s trash is another man’s treasure.” But have you ever considered that the salvage business is actually a viable business model? Not only that, but salvage yards provide a valuable service to those looking to get rid of old cars, or clear out unused machinery or other clutter.
In fact, the items that can be salvaged and repurposed range as far and wide as a person’s imagination and effort are willing to go. A business can recycle metals, such as steel, copper, and iron. Or more common everyday goods, such as clothes, furniture and kitchenware. For example, businesses that make use of the salvage model include a wood flooring company that only uses salvaged timber. To a company that sells unclaimed airport luggage.
Here are 5 reasons you might want to consider salvaging as the backbone for your next great business idea.