subject: Starting Your Own Vending Machine Business Is Easy [print this page] The vending machine business can be highly profitable not only if you start right, but if you start out right as well. It is a recession proof business as the tendency of people to buy on retail during hard times is ever present. This 'cash only' industry can be ran from anywhere and has a low overhead cost, making it a good venture. Now here are tips on how to start right with the said business venture and how to make sure everything goes smoothly for you.
As you consider starting out, it would be best if you find a mentor to guide to you first. Look for one who has succeeded with this kind of business but is working on a different market from which you intend to. If you plan to run an ice cream vending machine to cater to school children, look for one who runs vending machines that target employees in a business district. The said person will be happy to accommodate you since you are not a competitor. Learn as much as you can by going with him or her when he or she goes about her business routine and observe the way that person conducts business from purchasing items to sell and when the same person collects money from the machines (if you think that person will trust you enough).
It would also help if you can learn from your probable business competitors. So make friends or establish relationships with them as well to be able to look into the trading accounts so you may keep your respective routes really tight.
The simplest way is to start your vending machine business in order to save on the startup operating costs is if you begin your vending machine business from your own home. You can easily keep tabs on your machine and the experience you learn from there would be invaluable. You can use the experience when you go full blast by setting up more machines elsewhere.
The other advantage of setting up near your home is what you will be doing is a part time job since you would only have machine. You can focus on your current employment and only go full time if you think this business venture will work for you. In any case, be sure to check with the local authorities to ensure that you will not be violating any zoning regulations.
Try to stick with proven concepts related to the vending machine business first before you experiment with your own. Chances are, if you start with your own concepts without learning from the old one, you most likely will fail. Stick with the traditional vending machine items like candies, snack and drinks. Only when you have a sizable business can you can start experimenting.
Before going out and buying the machine, it would be safer if you locate locations first. This way you would know who your possible customers will be and what they would most likely want from your machine. Doing the opposite is counter productive and is a sure way to fail.
And when it comes to buying machines, it is more advisable if you get a second hand one on loan rather than break open you piggy bank and buy a new machine. Remember, at this stage you are still trying to get the hang of things. Better not gamble all you money all at once; only to find that the vending machine business is not for you.
Follow all of these tips and you will never go wrong with your vending machine. Who knows if one of these days, the very vending machine I will be buying soda from would be yours.
by: Jon Anderson
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