Vending Information
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Vending as a business: The vending business has been in existence for
well over 150 years and is currently generating many dollars in annual
sales as a industry. Much of the industry today consist of smaller,
independent local operators where initiative and hard work has yielded
in many cases both a comfortable income and pride of accomplishment.
Compared to many businesses, vending offers a great opportunity for
someone to build a family run business. Vending provides the freedom to
develop a business as you learn and can evolve into a full-time
successful enterprise. This is truly a business that you can shape to
fit your own personal life style. A cash only business: The advantage of vending is that it's a cash pay
as the customer receives their product style business. You collect your
"cash" each time you service your accounts and deposit it in your bank.
The key to the collect your cash statement is sales and if the location
is not a good location then you will not simply collect your cash,
instead you will simple loose your cash. Make sure you put the right
machines in the right locations and make sure you don't overpay for the
machines. Low overhead expenses: Vending offers low initial overhead expenses.
For example, as an owner/operator you can eliminate outlays for storage
rental and utilities by working directly out of your own home. Make sure
if you don't have a storage facility to keep your machines then don't
order them until you have secured a locations for them to be placed. One
mistake new vendors make is buying their machines before they have
locations for them. The worst thing is a new vending machine sitting in
your garage not making you money. Silent salesmen: The vending machines, when placed on location,
do all the selling of the product. The machines are "silent salesmen"
that are always on the job, 365 days-a-year. They display the products
to every passing person, collect cash in advance, then deliver the
product on the spot. Your job is to keep your machines serviced and
stocked with desired products. The key to having good sales out of a
vending machine is putting in what the customer wants. One story we
always get is how poor a location is and the product just does not move.
I always say that maybe what you need is a new product and not a new
location. Before you give up on a location make sure you have tried all
you can to make the location work. I have seen locations that one
operator says is the pits and another says that same location has made
them good money. Ask what the location wants and work your inventory
around the majority wants of all your accounts and not by what you think
they like. Vending profits on product: We wish you the best of luck and welcome you to
our industry. We look forward to growing with all of our customers and
making new friends along the way. The vending industry has been very
good to me and my family and we look forward to putting our experience
to work for you.
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