So you want to start a vending business and you are not really sure which way to start. Thinking about the bulk vending business or maybe starting at setting up some pop and snack vending machines both are completely viable options. In vending you can set up your machines at a variety of different locations and profit and make substantial gains if you find the right locations.
I have found that people who are either just starting out or even the veteran vending operator's really struggle with finding new locations to place their vending machines. I mean really anyone can buy a vending machine almost anywhere but the real challenge is growing and placing your machines at new locations on a steady regular basis.
Building a vending business means constantly growing the business by placing more machines running the location and reinvesting your earnings. The real goal is to buy a vending machine and place it at a high traffic location then use the income that you derive to pay off the machine as quickly as possible then re invest your earnings and buy more machines. Building your business in this fashion will enable your to constantly make income and provide more value to your business.
So how do people make money in the vending and how does the business really work? In most cases a vending service operator will set up their vending machines at local businesses in their community free of charge as they derive income from the sales of products in their vending machines. Some companies may request that the vending company pay a commission to the location but this isn't always a must. One thing that you must remember always is that you are in business to make money for you. If the location warrants a commission and what I mean by warrant is that there must be some substantial sales volume running through your vending machines then you can do so.
You just might have to explain to your prospect that you might want to monitor the sales from the machines for a few months before making any agreement on commissions. In general typical percentage payouts are around 10 -12 % of gross sales from your machines. So how do you even get to the point of getting in front of companies in your community and getting your machines into these locations? Good question because if you are like most this is the biggest struggle that most operator's face. Well only the ones without a plan! What I mean by a plan is do you know how to position yourself in front of your prospect properly?
How about a marketing and business building plan? This is why a large percentage of businesses fail because they have not implemented the right plan of attack in order to dominate their market. So what if I told you that there are other vending operator's in your community right now who don't know how to market and get new vending locations? Would you believe me? What If I told you that you could clobber your competition in an instant just by implementing a few small things. Would you believe me? Because I myself am a vending operator who has dominated my local are and market by implementing a few small pieces of the puzzle and I will tell you that my phone keeps ringing off the hook.
Learning the ropes about obtaining new locations isn't as hard as you might think. It's all about building your vending business the right way and implementing specific marketing tactics.
How To Hack A Vending Machine For Money
With the holiday season right around the corner, employees from all types of industries are spending a lot of time in their offices to complete all of their job responsibilities and necessary work before they can take a few days off to enjoy the holidays with their friends and family. As a result, employees are also working several hours at a time, and even through their lunch breaks, so they can finish everything by the end of the day.
At the same time, many employers are including soda vending machines and snack vending machines within their offices so that their employees have snacks readily available to them. Sometimes, employees can't leave for a full hour for lunch so they take a few short breaks to readjust their eyes and bodies, or grab a coffee to reenergize. If you are a business owner and are researching your vending machine options, here are a few tips to help you through the process.
Assess the workload of all of your employees and ask them how often they get up to take a short break. Do they walk to the local coffee shop for a pick me up, or head to the break room for a snack? What types of quick bites are standard in their diet? Do they prefer soda, juice, energy drinks or coffee to get through the day?
By speaking individually with your employees, they will realize that their comfort level is in your best interest and that you are trying to cater to their needs by having snacks and drinks within a few steps. By offering a simple, and very affordable, choice to their snacking woes, you will keep your employees happy and efficient throughout the work day. Machines of all varieties and sizes are available for the choosing so determine your office needs and shop around for the best solution.
Both Chris Robertson & Grojan Fabiola are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.