Vending Business 101: What You Should Know Before Getting in to Full Line Vending
Where you place your vending machines will make the difference between sales success and failure. Place your machines where the market is highest for what you are offering. You won't have much luck selling cigarettes outside a church or a health club. Find a high traffic location with a high likelihood that some of those people will want your product. Drink machines seem to do very well outside of large stores like Wal Mart, or a grocery store or shopping mall.
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People get thirsty from all that shopping. Other places might be at rest stops, sports sites, or in the lobby of restaurants. Mints, gum and candies seem to do well at restaurants. Once you have decided on your list of potential locations, next you will need to contact the owner of the property to negotiate your lease of a spot for the vending machines.
With the machines in place, then you can start testing to see which products sell best, the best season to sell what items, and how quickly the machine needs to be re-stocked. This business, or any business for that matter, will require a little bit of "tweaking" before reaching its optimum profit potential. Find out what people buy from vending machines, when and where they buy it, and how much they are willing to pay for it.
What is the competition in the area?
What are they selling best? Test your product sales to find out which items perform the best in which location. Keep meticulous notes on what sells best and when.
For example, you may find soft drink and ice cream sales soar in the summer when temperatures are warmer. Cocoa or hot coffee might sell better in the winter. Near a company with many employees, you might have a big seller with sandwiches, nabs, crackers or anything suitable for a quick lunch. Over a period of time, you may develop the perfect system to help this home business go onto "auto pilot.
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Your main "work" will be ordering products, paying your leases, making the loan payment, re-stocking machines with products, performing routine maintenance and collecting your cash and quarters. Kindle Edition Verified Purchase. You can tell by the level of detail in "The Vending Business " that the author knows what he is talking about.
You can almost feel yourself working along with him as he loads his truck, drives his route, handles customer issues, deals with suppliers, and tries to strike the right balance between effort and profit. This book will definitely help me decide whether or not I want to go into the vending business.
If I do, I hope there will be a follow-up book on how to get started and then run it. Really just a review of good business practices. Would like to have seen more "pitfalls" and problems to avoid specific to vending. One person found this helpful. I see vending machines all over the place, and I don't think they're going away any time soon. I got curious about what the vending business is like and how it gets run, so I picked up this ebook. It is excellent and informative. All of my questions were answered, and I think that if anyone was actually looking to get involved in owning and operating their own vending machines this would be a great resource for getting started.
I also think that if anyone is looking to get involved in owning and operating their own vending machines they should make sure that their machines stock ginger ale, because that stuff is delicious. Good for a person starting out.
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This book did not have any practical information. Many of the points are simply common sense. It may be useful for someone that is completely naive about business. Very informative, well written, and interesting. Great advice for those intending to get into the vending business.
Smart Snacks in School
Chris did a good job of explaining the basic business model. Has he ever had the situation where he received space at low or NO cost? I'm not going to nit pick because I discovered more about vending reading this book, than I knew before picking it up. Perhaps he'll write another edition!
Vending Business What You Should Know Before Getting in to Full Line Vending - Kindle edition by Chris Tomasso. Download it once and read it on your . Start your vending route full or part time. Before you begin any business venture you must know why you're doing it .. Your ability to supply a full range of options to a location will give you an edge when securing the deal.
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