Don't throw away e-waste, you can make money off it
What's the story
In India, the fast-paced progression of technology has resulted in a significant rise in electronic waste, or e-waste.
Addressing this issue is not only beneficial for the environment but also presents opportunities for financial profit.
This article delves into how individuals and businesses can make money by responsibly getting rid of their e-waste.
Tip 1
Sell or donate old electronics
Before you think of throwing them away, check if your old electronics still work.
Functional devices can be sold online or donated to schools and NGOs.
Selling gets you instant cash, but donating can also have tax benefits.
Websites like OLX or eBay are great for selling used electronics, and a working laptop can get you anywhere between ₹5,000 to ₹20,000 depending on its condition and specifications.
Tip 2
Participate in buyback programs
Several electronics manufacturers and retailers provide buyback options, allowing you to trade in your old gadget for a discount on a new purchase or even receive cash.
For example, smartphone companies frequently offer exchange deals, enabling you to save up to ₹10,000 on your old phone when purchasing a new one.
This not only guarantees the environmentally-friendly disposal of e-waste but also makes upgrading to the newest tech more affordable.
Tip 3
Utilize e-waste recycling services
E-waste recyclers safely disassemble and recycle electronic waste.
By selling e-waste to licensed recyclers, you can earn money based on the waste's weight and type while ensuring hazardous materials are responsibly managed.
An unused desktop computer can be sold for around ₹500 to ₹1,000 to a recycler.
Always choose recyclers certified by the Pollution Control Board to ensure environmental compliance.
Tip 4
Explore scrap material markets
Components of electronic devices such as copper wires, aluminum casings, and circuit boards have high scrap market value.
By segregating these prior to disposal, you can significantly increase their market value.
A kg of copper from electronics can easily get you around ₹400-₹500.
It's a great way to maximize financial gain from e-waste disposal, though it requires a bit of effort.