vending machine business 2
Some of the most popular locations for your vending machine business are bowling alleys, taverns, restaurants, schools, repair shops, banks, bus stations, car dealers, business break rooms, hospitals, police stations, and most anyplace that has a waiting room.
Don't forget to look into locations like police substations, small town airports, and bus stations that close at night, but still have traffic.
Figure out your expected profit from the location. Take your overhead, such as machines, types of supplies, fuel costs, and then factor in the expected traffic at that location. Don't forget that your machines are a one-time expense.
Once you have found a good location approach the owner and offer him a percentage of the profits to place a machine in his store. I recommend between 15-33%.
If you have to pay a set price for the space you will be responsible for the loss if the area does poorly. So don't do it unless you are sure the area will perform. Make sure there is a convenient way for customers to get change nearby or you may have to install bill changers either on or off your machines.
I strongly recommend The Sweet Truth - Confessions And Strategies From A Vending Insider is a detailed description of the bulk candy vending industry with an easy to follow system on how to run a successful vending machine business. It was written by an industry veteran with over 500 machines.
This is the most detailed book on the subject you will find. If you are only going to get one book, it should be this one.
You will need to advertise in your local business yellow pages, internet yellow pages, by word of mouth, passing out business cards, and with a website.
I do not recommend you use the free website builders because they do not deliver the professional quality a serious business requires. For help on choosing a good business site builder, go to our website design builder page. We also recommend you look over our Free Masters Courses page for more helpful hints on building your local business.
Your potential customers will see/rate your business as they see/rate your website. Give them a good impression of your vending machine business.
Build a website for your business so other clients in your area can find you and research your service. Show them the types of machines you use, the products you offer, your prices as well as any other pertinent information. Make sure you put your contact information on the website and a "Contact Me" box as well.
You will need to find a reliable supplier of vending machine parts. When machines are broken they are not making money, so down time can get expensive. Give finding the right supplier some time.
We hope we have helped you decide on whether a vending machine business is right for you, and good luck.
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