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Vending as a business:
The vending business has been in existence for well over 150 years and is currently generating lots of money in annual sales as an industry. Much of the industry today consist of smaller, independent local operators where initiative and hard work has yielded in many cases both a comfortable income and pride of accomplishment. Compared to many businesses, vending offers a great opportunity for someone to build a family run business. Vending provides the freedom to develop a business as you learn and can evolve into a full-time successful enterprise. This is truly a business that you can shape to fit your own personal life style. Hard work a must, as with any business the fruit of your labor is developed on how hard you work the ground.
 
A cash only business:
The advantage of vending is that it's a cash pay as the customer receives their product style business. You collect your "cash" each time you service your accounts and deposit it in your bank. The key to the collect your cash statement is sales and if the location is not a good location then you will not simply collect your cash, instead you will simple loose your cash. Make sure you put the right machines in the right locations and make sure you don't overpay for the machines. Developing a route is something that is a must for every operator to learn. Locations are your customers and you need to get out and meet them face to face. Do not be afraid to ask if a location could use your services as that is what the vending biz is all about is locations.
 
Silent salesmen:
The vending machines, when placed on location, do all the selling of the product. The machines are "silent salesmen" that are always on the job, 365 days-a-year. They display the products to every passing person, collect cash in advance and then deliver the product on the spot. Your job is to keep your machines serviced and stocked with desired products. The key to having good sales out of a vending machine is putting in what the customer wants. One story we always get is how poor a location is and the product just does not move. I always say that maybe what you need is a new product and not a new location. Before you give up on a location make sure you have tried all you can to make the location work. I have seen locations that one operator says is the pits and another says that same location has made them good money. Ask what the location wants and work your inventory around the majority wants of all your accounts and not by what you think they like.
 
Vending profits on product:
The advantage of vending is that it's a cash pay as the customer receives their product style business. You collect your "cash" each time you service your accounts and deposit it in your bank. The key to the collect your cash statement is sales and if the location is not a good location then you will not simply collect your cash, instead you will simple loose your cash. Make sure you put the right machines in the right locations and make sure you don't overpay for the machines. Developing a route is something that is a must for every operator to learn. Locations are your customers and you need to get out and meet them face to face. Do not be afraid to ask if a location could use your services as that is what the vending biz is all about is locations.
 
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