If you’re a practicing dentist, it has probably been a long time since you needed to face a 101 class in college. That said, there’s a good chance that you also appreciate the value of gaining a solid foundation when it comes to learning about a new subject.
If you’ve only recently heard about the possibility of selling your dental scrap, or you’ve only heard a little and have been looking for ways to find out more, this article is for you.
You might even find it helpful to take a refresher course in selling dental scrap if you’ve been at it for years and want to make sure you’re going about it in the right way. Who knows, you may pick up a few new tricks along the way.
The point of this guide is to clarify everything that you need to know about dental scrap to get started on a lucrative way to bring additional income to your dental practice. By the time you get to the end of this information, you’ll be able to sell dental scrap for cash without worrying about whether you’re getting the best deal or whether you’re approaching it in a way that’s likely to cost you money.
Also read: Best Dental Insurance Plans in India
3 Steps to Selling Your Dental Scrap
If you’re a dentist with dental scrap to sell or are interested in starting to collect dental scrap to sell later, cashing in on this valuable passive income is as easy as one, two, and three. Here is a simple three-step plan to get you on the way to earning more income at your dental practice:
1. Collect Your Dental Scrap for Resale
The first step to selling dental scrap, of course, is to have some. In fact, you’ll probably want to save up a significant amount to make your visit to a dental scrap buyer worthwhile. However, many companies that offer refining and buying services also provide a means to allow you to send your dental scrap in through the mail to make the process more convenient.
That said, dental scrap is not solely composed of precious metals, so if you want to ensure that you’ll gain a significant amount of value in return for your dental scrap, you’ll need to accumulate a fair amount before sending it in. While most dental scrap buyers do not restrict the amount of scrap you are permitted to sell, the entire process tends to work better for everyone if you can offer a reasonable portion.
The other aspect of collecting dental scrap that you should be aware of is that you’ll need to ask your patients whether you can take their scrap or not. While dental scrap usually contains precious metals such as gold, silver, palladium, and platinum, scrap from one patient’s restoration appointment will not yield a significant enough amount for them to find it worthwhile to seek refining. Usually, dental patients are quite happy to allow you to dispose of the scrap.
On the other hand, as a dentist, you have the opportunity to collect these materials until they accumulate in weight, which will eventually yield a significant economic boost to your dental practice. When you sell your dental scrap to earn extra income, you gain the potential to gain earnings off scraps from
- Other Kinds of Dental Restoration Work
2. Find a Dental Scrap Buyer and Register for an Account
Finding a buyer where you can sell dental scrap for cash is easier than you might think. The main thing to look for in a buyer is a company that will offer you a mental report. While many dental scrap buyers are only willing to give you an estimate based on the weight of the scrap you provide, this method is not accurate due to the wide variety of materials found in dental scrap.
Just consider all of the components involved in manufacturing the restorations you provide to your patients. When a company pays for dental scrap before refining it, the results are usually weighed in favor of that refining company, which means the dentist loses out.
The only way to be sure about the value of the dental scrap that you’re selling is to work with a company that is willing to provide you with a metals report so that everyone can see that a fair value is paid based on the metals that are actually present.
3. Get Paid for Your Dental Scrap
Breaking down and refining dental scrap so that the precious metals contained in that material are magically transformed into extremely valuable commodities may be complicated work, but, as a dentist, you don’t have to worry about how this process is accomplished at all.
Once you’ve found a dental scrap company that you can trust to provide you with a fair value for the material that you bring them, all you need to do is either drop it off or send it in. The rest of the process will be completed by that company.
One of the advantages of doing the legwork to find a good dental scrap refining company, rather than opting to work with the first one that you find, is that you’ll be able to return time and again, knowing that you’re getting a fair deal without worry.
Ultimately, when you find a company that can process your leftover materials from dental work, there isn’t a significant amount of learning that you need to do. That’s because the majority of the difficult work will rest in the hands of the company you decide to choose as your partner.
Now that you know the basics of dental scrap refining from the vantage point of dentistry, there’s no reason to wait any longer. Get started today by contacting a dental scrap refining company to inquire about whether or not they offer a metals report. And be sure to collect any dental scrap you may own from now on.