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Vending Business Blog
Comments (0) How do you effectively sell vending machine accounts? That’s the million dollar 
question, the solution to all of your problems, right? I hate to break it to you, but more accounts will not necessarily solve your problems. In fact, having more accounts could exacerbate your problems and even quicken your business’ demise.
Continue reading 'Effective Selling for Success and Profit'»
Paying for locations in the vending machine business falls under three categories:
Snack and soda vending requires a marketing and sales effort for account placement. The difference between marketing and sales is that marketing determines who your customer is, how much they are expected to buy, how they will get the product, and all other aspects of your business that induce customers to purchase your products.
Continue reading 'Vending location: be careful with placement fees and commission plans'»
This business isn’t very complex. You solicit different businesses with sites on which to put your 
vending machines.
Continue reading 'How Does the Vending Machine Business Work?'»
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 suppliers.
Good idea. . . or not?
Continue reading 'Vending companies pay businesses to place machines on site'»
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 date back to the first century B.C., but came to prominence in the late 1880s. These were primarily postcard and gumball machines with simple mechanisms, a single selection and accepted one coin.
Continue reading 'How Reliable Is Vending as a Business Venture?'»
Millions! Successful vending machine operators can have gross sales into the hundreds of millions of dollars, but so can successful car wash operators, multi-level marketing operators or, for that matter, employees. Your level of success depends upon your business skill, your ability to generate customers and manage people, your skill at accounting, planning and marketing, as well as other important abilities. You are limited only by yourself.
Continue reading 'How much money can I make from a vending machine?'»
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 more, and improper selection can reduce sales to nothing. So how do you determine what products to put into your machines?
Continue reading 'Product selection & ‘turn’ key to vending machine profits'»
Before you undertake any venture, it is wise to do initial planning. How are you going to run your business? Write a business plan. Think through all of the potential problems with running the business. Understand that you are fully responsible for the outcome of the business.
Continue reading 'Business planning drives success for vending operations'»
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 placement terms. Generally, our company carries most of the liability – unless malice is involved. We do not tolerate theft or vandalism.
Continue reading 'Equipment liability: What if a forklift crashes into your vending machine?'»
The valuation of vending machine equipment is based on several factors:
Continue reading 'Vending machine value determined by much more than cost'»
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 garage might consider an account with sales of $6,000 per year ($500 per month) to be a good account. Start with your goals. What kind of vending machine business do you want? How much capital do you have? What are your operational plans? Is this a full time venture for you or a part time income?
Continue reading 'Finding & landing a good vending machine location'»
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