So what is it about the vending machine business that draws people in? Is it the fact that they are about to embark upon a business that is going to set them free from their day job? Or is it the cash business aspect that they are attracted too?
I personally think that all both are viable reasons for people wanting to get started in this business. After all! owning your own vending business can be very rewarding as it can provide you with additional cash income as well as the feeling of independence of providing for yourself.
So are there really any vending machine secrets that will help the average person succeed in this business? Or is it the luck of the draw?
In my personal opinion the people that stick with this business and persevere through the good and the bad times will stand out in the pack and move forward in this business. The truth is that the biggest part of the vending business is learning! How quickly you learn what to do right in this business will help you immensely.
By doing proper research before diving in head first could save you a lot of time and money as there are several things to consider. Number one is to find out what kind of vending machines that you are going to buy for your business. These machines are not cheap so research is essential!
If you're just starting out, buying used vending machines can save you a lot of money. A fresh coat of paint and clean up of a machine can go a long way. Remember your goal should be to pay your investment off in a reasonable time frame. Then reinvest in buying more vending machines to expand your business.
I mean also figure out what machines are you going to offer your customers? Are you simply going to provide soft drink beverage machines or are you going to offer snack and coffee machines as well. What about food vending?
Planning this part out is essential! You should have a clear understanding of how you want to operate your business. For example: You decide to approach a factory that has 30 employees that work there. You ask the management if you can place a vending machine for the staff to use on their breaks. They agree! With 30 employees you offer to place a soda beverage machine.
This is a starting point! I doesn't make sense for you to place anything more at this point due to the low number of employees. If you begin to offer a snack machine and a coffee vending machine you will wind up spending more money than you have to and the end result may be disappointment due to the low sales volume running through your location.
Second think about how you want to market your business? Do you have an idea of who your audience is? What kind of locations are you going to supply machines to? Are they offices, factories, schools, hotels?
Having a plan in place to build your business and find new locations is something to think about. There are several ways to find new vending locations. So it will take some work and effort on your part to get this business up and running.
If you wish to advertise this will cost money! So plan out what your business building strategy is and your budget. When you're first getting started it may be wise to do a little leg work yourself until you get a few machines on location and money starts coming in. At this point some advertising could be beneficial!
Last thoughts! If you are new to the vending business start out slowly and learn all that you can before making any major capital purchases. You will save yourself a lot of headaches in the long run and have the best chance to succeed!
Chris Robertson has been a successful vending operator for over 9 years. Living in Ontario Canada he provides beverage, snack, food and coffee vending services to various businesses in the GTA. He can be found at http://www.toronto-vending-services.com He has also written a vending e book which giving precision detail about how to start and operate a vending business. http://www.myvendingsecret.com
Also be sure to take a look at Chris's vending information website http://www.your-vending-resource.com/vendingbusiness.html to get all the latest details and information about vending and Chris's Free Vending Report!