vending machine business ideas

Vending Machine Business Ideas

For entrepreneurs who are interested in a business with low startup costs, high profit margins, and fast profit that comes in 100% cash, the vending machine business is what you should be looking at. The initial investment is small, even more so if you are using small machines. In addition to these low startup costs, no prior selling or business experience is required to get started, as the products in your vending machine sell themselves.

When you buy your first machine, you need to think about several different factors. First, where do you want to place your vending machine? Location is everything in the vending business. A perfect location selling suitable products for that location will empty a vending machine in as little as a day. Incorrect placement or a poor product choice could mean no one buys anything. 

You wouldn't place a cigarette vending machine in a school, you would never make any profit. If you placed that cigarette vending machine in a bar, you would have a hard time keeping cigarettes in it! As with any business venture, you need to research locations beforehand. It would be wise to have a location ready for your vending machine even before you have purchased it. This may be inside of a mall, a high school, a bar, or even a gym. Having a location ready and waiting for your machine will minimize downtime, and maximize profits straightaway. 

A good startup plan could be as follows:

1) Come to an agreement with a business or location that will allow you to place vending machines there.

2) Purchase one or two vending machines, large or small. Small if you want to start out slowly to get the hang of things, large if you want to dive headfirst into the vending business.

3) Place the machines. Maintain two machines for one month, while you get into the routine of keeping them serviced and stocked. Routinely check on your machines to ensure they are functioning correctly. A broken vending machine means you are not making money, yet you will still be paying for the location.

4) As you become accustomed to maintaining and restocking your vending machine(s), work out more agreements with business owners in suitable locations. Add more vending machines to your resume as you do so. Once you have hit a certain number of machines, you may be spending hours and hours a day restocking them. This time investment can be reduced somewhat by using an external company who will restock your machines for you, for a cost, or even a cut of the total profits.

The vending machine industry is one of the easiest businesses to get into, with low startup costs and very little work required other than restocking. With the exception of having to restock regularly, the business is very "hands off" and will run itself.

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Vending Ventures A Small Business Start-up Guide

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