Vending Business Basics
Posted by Global Vending Group, INC. on 21st Apr 2014
The vending business can be a wonderful opportunity for the right individual or company. Typically startup costs are minimal and you can start with only one machine installed at one location. Equipment costs are generally the biggest expenditure but even then you can purchase used vending machines or refurbished machines for a fraction of the cost of a new one. Then find a good location with plenty of foot traffic where you can place your machine with no upfront cost but rather under a share of revenue contract with the location owner. This will also help to minimize initial expenditures.
Depending on the location and the type of customers that will be patronizing your vending machines all that's basically left is stocking your machine with appropriate products. Big warehouse stores are a great place to purchase inventory in bulk at discounted prices. You'll need to figure in time and travel costs to service your machine. As you learn the business and begin to understand the type of revenue you can expect then you'll be able to grow your vending business one location at a time. After a while you may find yourself with several locations performing very well and earning a nice steady income with relatively low operating costs and time commitment.
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