10 ways to make money by going green Make money recycling
Recycling can be as good for the pocket as it is for the environment. There is a growing range of recycling services offering to trade certain goods in for cash, and sites where you can sell unwanted goods – and shrewd consumers are making money recycling items they might otherwise have thrown away.
6. Make money recycling gadgets
Many of us are already aware of mobile phone recycling schemes where you can earn cash for unwanted mobiles - but you can also make money recycling several other electrical gadgets these days too, including MP3 players, digital cameras and sat navs.
Mobile phone recycling
Choose between numerous mobile phone recycling schemes, including specialist websites such as Mazuma Mobile, Envirofone, Simply Drop and Fonebank. You can compare recycling sites to find out will pay the most at MobileValuer.
Electrical recycling for cash
- High street chain Cash Converters will buy unwanted items that it can sell on.
- As well as having high street shops, CeX also buys electronics via its website.
- Got an old Apple iPod, tablet or sat nav? You can exchange them for cash at Money4urMobile.
7. Recycle old CDs, DVDs and computer games for cash
It's almost impossible to estimate the number of old CDs, DVDs, computer games and other home entertainment items there are in the UK, but around 2,500 tonnes of CDs alone are thrown away each year.
Whether you're upgrading technology or want to revamp your collection, make money recycling old CDs, DVDs and computer games instead of throwing them away.
Try a website such as MusicMagpie. Get a value for your item – which needs to be in good working condition – by typing in its barcode number. Prices offered range from 25p to £1.38 for a CD.
8. Make money recycling old books
Don't leave unwanted or unread books on the shelf – pass them on to a new home and make some extra money. Websites including Amazon and GreenMetropolis let you sell second-hand books via their virtual bookstores.
With Amazon you list an item for sale, setting your own price. When it sells, Amazon receives an 75p completion fee, plus closing fee of 15% of the sale price. Pre-set delivery charges are also collected from the buyer, which you will receive as postage credit, minus a variable fee to Amazon.
A 2004 edition of Nineteen Eighty-Four by George Orwell in 'like new' condition was selling on Amazon for up to £4.49. Based on this price – and without factoring in postage – you'd earn £3.07.
With GreenMetropolis, you earn at least £3 for each old paperback, hardback or audio book you sell. Factor in postage costs for each item, though for larger books you can add postage costs on to the item's price.
Wondering which eBook reader to get? Don't buy one until you've read our eBook reader reviews.
9. Have a car boot sale
Alternatively, you could sell your unwanted odds and ends the old-fashioned way – at a car boot sale. It's a great way to make some extra money while reducing the amount of rubbish you throw away.
Buyers will expect to pick products up at knock-down prices, but car boot sales are a good opportunity to bulk-sell items unlikely to sell individually online. You can find your nearest car boot sale by visiting the online car boot sale directory Car Boot Junction.
We've put together some top tips for sellers:
- Get set up early – dealers will often scour car boot sales before it gets busy
- Be prepared to negotiate with buyers
- Price your items fairly but accurately
- Make sure you're aware of trading laws - see the Trading Standards Institute website.
Your profit will depend on the products you're selling, but remember to factor in the cost of pitching your vehicle, which is usually between £5 and £20.
10. Sell the rest by auction...
Don't throw away unwanted items – you'll be throwing away the potential of earning some extra money along with it. Selling stuff through online auctions rather than throwing things away can make you money, save on potential transport removal costs and reduce the amount of waste you're sending to landfill each year.
The auction site eBay is the biggest and most recognised site of its kind, but other sites you can sell through include Amazon, Play and Gumtree. To help you maximise your profit - from picking the right product to sell to using the best type of auction - read our top tips for selling items on eBay.