→ Vending Machine Business Start Up Tips How To Get Started & Find Quality Locations For Your Business

  Posted on February 6th, 2010

Often I get contacted by people who are looking at getting started in the vending machine business but don’t know where or how to start. This is one of the biggest questions that I get even before they ask how do I find locations.

I will cover both things within this article. First getting started is very easy. I always tell people that even before they consider buying their first machine a critical step is to do your homework and research.

This way you can figure out what machines are the right ones to buy, how much they cost and really what direction you should be taking to make your vending business a profitable one.

As there are many vending machines out there on the market I personally only recommend a few main manufactures to use in your business. These machines that I recommend are very commonly used in the industry and have an excellent track record for reliability.

For starters I suggest starting with soda machines as they are very inexpensive to buy and have great potential for profit margins. You can buy a can of soda for as little as .30 cents and when soda is on sale you can get it for as little as .20 cents.

Next consider buying a snack machine that sells chips and chocolate bars. These are real good money makers as well. They are excellent profit generators and you can buy these machines used for a fairly good price. You just have to look around to find the right ones.

Often people always ask me what the best way is to find quality new vending locations to place their machines. For starters there are many ways to find locations. In fact when I first started in the business I just simply went door to door asking local businesses if I could bring in my machines.

This did work but it takes a considerable amount of time. Now what I always tell people is that using the internet to find new locations is the very best way. It is really all just about positioning yourself properly in front of your prospect.

The goal is to get your prospect to chase you instead of you chasing them. When you do it this way then you are seen as a credible source of contact and you will have better negotiating power to get your machines out on location.

It is far easier in my opinion to be the invited guest when people call you and invite you to their business for a meeting rather than being an annoying pest cold calling and banging on their doors for their business.

These are just a few ways to get started in the vending business to get your business of to a great start. Use this information to your advantage so you can avoid simple mistakes that a lot of people make before researching the business model that they want to venture into. Don’t forget the best part is that in vending you are your own boss and you can make your business as big or as small as you want it to be.

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Comments

2 Responses to “Vending Machine Business Start Up Tips How To Get Started & Find Quality Locations For Your Business”

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    I found this article useful in a paper I am writing at university. Hopefully, I get an A+ now!

    Thanks

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