Selling dental scrap is one of the easiest ways for a dentist to boost income at their practice. If you’re a dentist running your own business and haven’t sold dental scrap before, the new year is the perfect time to get started. Here’s everything you need to know about how to start selling your dental scrap.
Selling Dental Scrap Is Lucrative And Easy
Given inflation rates since the pandemic, no type of business can afford to give up an opportunity for extra earnings – especially when those earnings are practically entirely passive income. Dental scrap is lucrative because the price of the precious metals used in dental restoration (such as gold, silver, platinum, and palladium) is high in value.
How Often Should You Sell Your Dental Scrap
The number of times you should sell your dental scrap during a year depends on how much you collect. Some dentists earn more than others through selling dental scrap, given the work they tend to perform, but this will usually depend on the work your patients require.
How long you decide to wait before cashing in is up to you, but your preferences will be easier to determine as you work with a dental scrap refining company.
Read Also: Accounting For Dentists: The Key Dental Accounting Mistakes Made & How They Can Be Avoided
Start Collecting Today
The first step you need to take towards earning extra income with dental scrap is to start collecting the material left over after you perform alterations on patients who have previous dental work.
While you will need to ask your patients for consent regarding whether you can take the dental scrap left over after they have work done, most patients are happy to oblige since collecting and refining their own small amount of dental scrap will not be worth their time.
Where To Sell Dental Scrap
Once you’ve accumulated a sizable amount of dental scrap, you’ll need to find a company like Muzeum Dental Refining, where you can exchange your materials for cash. If you’re having trouble deciding on the best company to work with, one of the best ways to assess whether or not you’ll get a good deal is to choose a dental scrap refining service that provides you with a metals report.
Why Should You Get A Metals Report?
Since dental scrap contains a mixture of materials left over from restoration work, it is only possible to tell how much of any metal may be present in the material you collect once it has been separated and refined by a professional company. Because of this ambiguity, many companies prefer to buy dental scrap from dentists on an estimate basis.
The problem with this method is that dental scrap that is particularly abundant in more valuable metal, such as gold or palladium, will likely be worth much more than that company will offer. In such cases, the dental scrap refiner will only guess how valuable your dental scrap is, based on its weight.
On the other hand, when you get a metals report, everyone involved will end up with a fair transaction since you’ll know you’re getting paid for exactly what you’ve provided.
If you’re a dentist, there’s no better time than the present to start collecting earnings from your dental scrap. Contact a dental scrap refining company that offers a metals report today to get started.
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