Lead mining is an old-age activity. However, global demand for lead has doubled. The increased demand for lead is a result of its unique properties, such as its abundance and low cost, making it ideal raw material in various industries.
Common uses of lead include in battery manufacturing, cable sheathing, manufacturing of weight lifting equipment, weight belts for diving, lead crystal glasses, and radiation protection.
With the high demand for lead in the manufacturing sector, starting a lead mining business can be profitable. To start lead mining, find lead mines and ensure you have met all the legal formalities and insurance requirements to start lead mining.
Starting a lead mining business requires a great deal of effort, dedication, and most importantly passion.
If you're interested in how to sell lead mining, or selling lead mining online, you can use this page as a guide for everything you'll need to know.
|Min Startup Costs||Max Startup Costs|
|Equipment & Supply Expenses||$66||$1,200|
|Retail Business Expenses||$1,250||$11,650|
|Advertising & Marketing Costs||$75||$9,636|
|Total Startup Costs||$1,754||$37,876|
|Leads 2 Business||l2b.co.za||#173,337|
|Mexico Business News||mexicobusiness.news||#222,629|
|Mine Safety and Health Quizzes from the USMRA||miningquiz.com||#462,699|
|Dominion Dealer Solutions||drivedominion.com||#656,629|
|Lead and Biz||leadandbiz.com||#768,878|
|Lead Mines Media||leadminesmedia.com||#2,576,561|
|Real Time Mortgage Leads, Credit Repair Leads, Foreclosure Leads||globaldatausa.com||#2,847,581|
Pros & Cons
|Rewarding work||Starting a lead mining business can be really rewarding work. After all, you are solving an immediate issue for your customer and you're working on something you truly care about.|
|Meaningful business connections||You never know who you will meet as a lead mining business. This could be the start of an incredible business opportunity!|
|Daily physical activity||Lead Mining Business's typically involve a much greater degree of movement than other lines of work. Most days, you will spend your day walking, running errands for your business, and performing a multitude of tasks. This can have a positive impact on energy levels and your overall health.|
|Amazing perks and discounts||Working in the lead mining business comes with its perks! As a seller for these products/services, you typically also get to enjoy industry perks and discounts.|
|You are your own boss!||With starting a lead mining business, you are the one to make decisions for almost all of the operations. Calling the shots can be empowering and liberating!|
|Local Community||One of the best parts of starting a lead mining business is that you can develop a local following by selling your products at craft shows, farmers' markets, or even local storefront businesses! This gives you access to additional revenue streams and loyal customers.|
|Crowded Space||Competition is high when it comes to your lead mining business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies.|
|Finding The Right Supplier||Most businesses in this space go the supplier/manufacturer route, which isn't a bad thing! However, finding the right supplier can take a lot of time, energy and trial/error. If done properly, this process can save you months (if not years) of time and energy. More on this below in the "finding a supplier" section.|
|Motivation of employees||If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.|
|Low margins||The gross margins for your lead mining business are typically around 43%, which can make it more challenging to incur new expenses and maintain profitability.|
|High employee turnover||In the lead mining business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.|
|Taxes||As a lead mining business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.|
Hey! 👋I'm Pat Walls, the founder of Starter Story.
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