So you choose to get into the vending machine business! You will want to understand the basics if you want to produce any cash in this business without losing your shirt. You see the vending business can be great as there is a batch of cash to be made by anyone who really puts in the effort and wants to make it happen.
The vending machine business can be very lucrative but you have to do some homework and research before diving in. This way you ensure the best chance for making smart business decisions that will see you keep more cash in your pocket.
What I mean by this is that soda machines or snack machines are not cheap to buy. Yes if you can find a excellent deal on a used pop machine that is in good condition and get away with spending only $500 – $1000 then that’s terrific!
Some vending machines can cost you anywhere from $1000.00 all the way up to $8000.00 depending on the type of vending machine, make and model. So doing some homework before hand is essential as many people have been sucked into the vending opportunity seminars and end up dropping tens of thousands of dollars on soda machines or snack machines that just end up sitting in their garage.
Don’t let this happen to you! You can find a local vending distributor in your community by opening up your telephone book or using the internet search engine to find a business in your community. When there ask questions and get pricing.
If you are just beginning in the vending machine business it may not make sense for you to spend several thousand dollars on a new piece of equipment. It may be wise to find a local vending company who is already operating their business in your are and ask if they have any good condition used soda machines or snack machines that they can put up for sale you. You should also be able to find a company that sells used machines.
The trick to making real cash in vending is to find a great vending location where you can set up your vending equipment and pay off your machines within the first 12 to 18 months. This will enable you to build your business fast and increase as needed.
Buying soda and snack machines to begin with will benefit you greatly as the products that vend through these machines offer high-level profit margins. A can of soda and a bag of chips are relatively not expensive and can be sold for double your cost price.
Coffee and food machines are priced higher and require a bit more maintenance. Use these types of vending machines for locations that employ large numbers of employees 150 -250. If you get requests for these types of machines make sure that your location is a viable one and that they have the staffing requirements to make it worth your while to place the vending machines.
Remember some machines can be priced high and if you have to drop $10,000 dollars for one single location and you end up pulling out only $100 per week in sales, it will take you years to pay off your equipment and will leave a sour taste in your mouth.
When starting out in the vending machine business look at setting up a few soda vending machines to begin with to get a feel of how this business works and the buying trends of your customers. You can find used soda machine for as low as $300 – $500 and all they need is a quick clean up and then they are ready to go for your next location.
After you get a few of these set up then look to continue building your business with some snack vending machines. This in my opinion is the smart way to begin and will enable you to get a feel of the business and what it is all about.
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