VENDING NUMBERS BLUEPRINT (Books On Vending Book 11)

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It should go without saying that determining the right vending machine products for the customers at your location is essential to the success of your business.

Vending Business: How To Start And Run Your Own Passive Income Vending Machine Business

Perhaps this is easier said than done. Every location is different — with different customer demographics, traffic patterns, and unique requirements — and must be treated as such. Success depends on finding a mix that balances these factors in a way that meets the needs of your location.

The days of stocking your machine with sugary candy, soda, and gum and watching the cash roll in are long gone. Consumers these days are more health conscious than ever, and demand products that not only taste great, but are better for them as well. That being said, here are the biggest factors to consider when sourcing products for your machines. In June of , the USDA announced the Smart Snacks in School initiative, new federal guidelines that limit the amount of calories, fat, sugar, and sodium in snacks sold in the more than , schools that participate in the National School Lunch Program.

Where you can find the best products When it comes down to it, how you choose to source products will depend on the product type, availability, and your preferences.

When you start purchasing enough products through a certain distributor, you can leverage your pricing at other distributors to negotiate better pricing. Here are some of the most popular ways to source products: Order directly through the manufacturer. Most product companies have regional Sales and Marketing representatives that want to get their product in more retail outlets like your vending machines. You will need to order large volumes to order directly from the manufacturer. These superstores generally have cheaper prices than at most retail locations. Equally as important, a sampling event gives you the opportunity to gauge the taste profile of your average consumer.

Key Takeaways Increased health consciousness means people are demanding more healthy options. To get your vending machines into schools, you have to adhere to the strict Smart Snacks In Schools guidelines. You may have to use multiple channels to get the best prices for your products. Want to learn the Top 10 Best-Selling healthy vending products of all time?

Besides continuing to find more locations, the real work has just begun! When your customer service exceeds expectations, asking for referrals becomes easy. There are 4 areas where you should be providing above and beyond service for your customers. Vending machines are like cars. Take care of them and do preventive maintenance, and they will last a long time. When you first start your vending machine business, you might want to lean on the expertise of an experienced vending professional, to help you out. As you learn the business, you will become that vending expert.

So, when you decide which manufacturer you want to purchase machines from, see if they offer machine training. They may not publicly conduct training courses. Or if you decide to join a business opportunity, make sure they have machine training available. Rotate out the poor sellers for new products.

Try different brands, placements within the machine, types of food or drinks, etc. This is good for your pocket AND helps keep the location happy. You could do the bare minimum and just keep your vending machines stocked. Try bringing a whole case of that snack to the school lunch period and hand out free samples of it. Students go nuts over this! Instead of waiting for your location to reach out to you with feedback or comments, reach out to them. Ask them what requests they have just a few weeks after you launch.

Smart Snacks in School

Check in with them periodically and put systems in place that make it easy for them to get in touch with you with any questions or concerns. Treat your customers like business partners. Be proactive in your communication.

PDF Manuals for Vending Machines and Parts

Click To Tweet Be responsive. Answer them in a timely fashion. A good rule of thumb is to let your locations know you will get back to them within 24 hours of them contacting you. As decision makers are very busy though, be sure not to overwhelm them with your good intentions. There are a lot of people that want to see them each day. Make it clear that you want feedback in order to make this the best fit possible. That said, when you do receive feedback, respond to the reasonable requests in a timely fashion. Feedback is the easiest way to learn more about what your accounts want. Hand-deliver your commission check to the decision maker and include a hand-written thank you note.

Great customer service is the key to building lasting relationships with your location. Become a master of your machine equipment so you can reduce down time and keep your accounts happy. Find creative ways to engage with your customers. The question you need ask yourself is which option makes the most sense for you. Your goals — are you trying to create a vending empire or is it a side gig to earn some extra cash? Without experience in vending, this process may take up to a year before you get up and running with a couple of machines. Look through craigslist, bizbuysell.

The major advantage here is that you have a ready to go business — no need to purchase your own machines or find locations. Generally speaking, this option requires less upfront time, but depending on the size and quality of locations, it can be the most expensive option. Make sure to thoroughly research the existing business and analyze the current sales figures to ensure that the money is worth the price. Also, check out how much time is left in each of the contracts! In this situation, you get to partner with a company that has an established brand, a proven business model, and a dedicated sales team to help you secure vending locations.

In most situations, you also get machine training and sales support varying on the opportunity throughout the entire location acquisition process, and on the franchise side this will generally extend throughout the life of your business. You also benefit by joining a community of other vending business owners. It depends on you, your situation and your goals. Your three main choices are 1 start your own vending business, 2 Buy an existing route, or 3 Buy a franchise or business opportunity. Interested in learning more about starting a vending machine business as a franchise or business opportunity?

You become your own boss How many times have you daydreamed about answering to nobody but yourself? Your business has a positive impact on the community With increased legislation and higher demand from consumers for healthy products, vending has shifted into a way of helping people make healthier decisions throughout their day. Vending Machine Equipment What type of technology can help you get ahead of traditional vendors and work more efficiently Take Me to Part 2.

Vending Machine Locations The secret to finding and securing contracts with only the most profitable locations for your vending machines Take Me to Part 3. Vending Machine Products Learn the best distributors and wholesale outlets to get products for your vending machines Take Me to Part 4. Startup Strategy Discover the different types of vending business startup options are out there and which one is the best suited for you and your appetite for risk Take Me to Part 6.

Here's A Preview Of What The Book 'Vending Business' Contains...

The healthy vending movement has been increasing rapidly in the last decade and there are no signs of it slowing down. Why We Wrote This Guide. There is an estimated 4. The first English vending machine sold apples and postcards. Growing quickly in a new industry is too challenging. If I own a vending business the money will come. The money is there for the taking, but you must work to earn it.

A basic internet search will yield all of the possible benefits of registering your LLC as: A small business through the SBA A veteran-owned business A women-owned business A minority-owned business A business owned by someone with a disability deaf, blindness, etc. This is not an extensive list — but should certainly get the wheel turning! Take Me to Part 1. Take Me to Part 2. Take Me to Part 3. Take Me to Part 4. Take Me to Part 5. Choose The Right Startup Option For You There are several different ways you can actually start a vending machine business including joining an established business opportunity or launching a business on your own.

We want to help you get started today. If you really do homework, you can find successful people in every one of these categories. Ask Yourself These Critical Questions: The New Era of Vending. It has more advanced features such as route management and inventory management that allows you to build planograms and view inventory using product names without having to manipulate the reports in Microsoft Excel Nayax has not announced plans to implement a loyalty card system as of this writing The other major thing to note is the pricing between the two services.

Like they say in real estate, the most important thing is location, location, location! Generate high quality leads L eads, leads, leads. B efore making contact with a qualified location, you need to plan your contact strategy. To do this, you need to clearly define what your primary objectives are for any given meeting. Qualify Leads N ot every location or lead is created equal. Good questions to ask include: If so, who is their vendor? Do they have a contract with their current vendor?

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If so, how much longer are the locked in for and how happy are they with their current service? Do they currently receive a commission from vending machine sales? If so, how much are they receiving? Additional services being provided by their current vendor? To keep things unique and fresh, we recommend that you diversify your methods of communication in order to a make the process more enjoyable for the contact, and b yield higher results for yourself.

The purpose of this strategy is to bring your business to the attention of target locations as quickly and efficiently as possible. Take a look at why the variables exist, what they mean for the location AND for you, and where the large opportunity lies. N ow that you have machines in the field, establishing systems that spread your message without your direct involvement will be one of the best optimization and growth strategies you can implement.

Key Takeaways Lead generation is one of the most vital parts of your business. Trends in Healthier Eating. Market research like sampling events and sales tracking will go a long way to help you arrive at the right combination. Nutritional Value — an overall trend in healthier eating means that your customers pay attention to things like calories, sugar and fat content more than ever before, so create a mix that includes healthier alternatives to traditional junk food. The products in your machine must also meet the guidelines for your specific location.

Take special care at schools and hospitals, where guidelines are strictest. Save money and increase your margins by buying direct from the manufacturer. Novelty — customers in your market may get bored with your product mix, so periodically introduce new products to avoid predictability and to keep the customer interested in your machine. Smart Snacks in School.

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I want to help you get started today. Engage Directly With Customers You could do the bare minimum and just keep your vending machines stocked. Use neon colored signs or stickers to alert your customers when you put in a new product or reduce the price of an existing product. Will you be the lucky winner? Key Takeaways Great customer service is the key to building lasting relationships with your location.

Your Vending Business Startup Options. Pros Cheapest way to get started. Cons High time investment needed to get started. Pros No need to purchase your own machines. No need to find locations. Cons Buying older and possibly out dated equipment. Coming into expiring contracts or no contracts at all. Pros Turnkey startup model. Expert location acquisition services. Cons Typically require higher initial capital investment than starting a vending business solo.

Page 1 of 1 Start over Page 1 of 1. The Truth About Vending: A how to and inside look at the beverage, snack, coffee vending business. Product details File Size: March 10, Sold by: Share your thoughts with other customers. Write a customer review. Showing of 12 reviews. Top Reviews Most recent Top Reviews. There was a problem filtering reviews right now. Please try again later.

I never thought about purchasing vending machines before, which is what compels me to learn more. This is a very basic guide and a useful tip I got is to invest in a new machine and have the machines close to the supplier so that the stock can be quickly and easily replenished. One thing I'd like to see is a batch of resources that can direct us to new places for information.

But a great read since I wasn't considering this before and now it has put vending machines on my radar. If you are reading for free, it may be worth it. Otherwise, it's lacking in content. Half of the book is equivalent to obvious fluff.

A little too elementary and not enough concrete help. One person found this helpful. I was looking forward to an in-depth look at the vending machine business, instead it was a short book filled with common sense. I really like the book but I've actually learned more on my own then what this book says my first machine was brand new ironically it was a gum ball machine my first snack machine was used. The information provide is topical at best, with little supporting details.

A resource chapter or links to more info on topics would have been useful. Basic information that is either 1 obvious or 2 easy to find for free online. See all 12 reviews. Amazon Giveaway allows you to run promotional giveaways in order to create buzz, reward your audience, and attract new followers and customers. Learn more about Amazon Giveaway. Machine Business, Vending Machines. Set up a giveaway. What other items do customers buy after viewing this item?

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