16th October 2009
Proper handling of equipment damage incidents starts at the time of placement. Accidents, vandalism and theft will happen, so I discuss these issues during the sales process and negotiate terms for dealing with them. You need to be comfortable with the pl...
12th October 2009
The valuation of vending machine equipment is based on several factors:
1. Storage value
2. Collector's value
3. Scrap value
4. Parts value
5. Operational value
6. Market value
In trying to value machines, each of these valuations is significan...
05th October 2009
What is a good location? This question is relative, based on your company's size and goals. A national vending concern considers a good account to have gross sales over $240,000 per year ($20,000 per month), whereas a small vendor working out of his garag...
24th September 2009
Be careful with placement fees and commission plans
Paying for locations in the vending machine business falls under three categories:
1. Placement fees
2. Commissions
3. Locating services
Snack and soda vending requires a marketing and sales eff...
21st September 2009
Product selection for your vending machines can mean the difference between success and failure. Ultimately, your gross sales depend on a customer deciding to purchase a snack, soda or food item. Proper product selection can increase your sales by 20% or ...
17th September 2009
It's time to turn our attention to whether vending is a viable business to enter, as well as the average cost for a very important part of the business: the vending machine.
Is vending a reliable business venture?
The first recorded vending machines d...
15th September 2009
A vending machine route is an exciting way to start a small business and grow it to substantial income and financial independence.
First, remember that a vending machine route is a business. Like all businesses, success is not guaranteed. Before you em...
11th September 2009
How to handle payment for vending equipment is a personal choice, but there are some guidelines. Most supply companies in the vending industry are legitimate, respectable entities, but the vending industry (like any other) has a contingent of unscrupulous...
07th September 2009
In 2008, Americans bought more than $60 billion worth of vending products. No matter how you look at it, that's a lot of snacks and drinks.
So where is the best place to purchase the products for your vending business? Before we examine that issue, mak...
02nd August 2009
So you think you'd like to start a vending business. Do some soul searching and make sure you are the right type of person. Ask:
ยท Are you an entrepreneur? This is someone who must assume all the risks of a business, but can also guarantee the benefits....
21st July 2009
This business isn't very complex. You solicit different businesses with sites on which to put your vending machines.
The best locations that bring in the most money are hospitals, truck terminals, manufacturing plants, schools, and any place where larg...
