What Should I Know Before Starting A Vending Machine Business?
The best routes to take are to research the process of starting a business as well as the industry you’re interested in.
I recommend checking out the SBA, Entrepreneur, The Start Up Journal & Nolo. All 4 are great informational resources for the new/small business owner. I posted links for you in the source box.
Associations may be a good avenue to explore. These organizations will address many of the thoughts, questions and concerns you’ll inevitably have as well as many you haven’t anticipated yet. See the source box for some relevant links.
Research, research, research – this cannot be stressed enough. Read as much as you can about the industry. Here are some book titles that are relevant:
* Start Your Own Vending Business (Entrepreneur Magazine’s Start Up) by Anne Rawland Gabriel
* Vending Business-In-A-Box: A step-by-step guide to starting a profitable vending business without getting burned by Bryon Krug
* Vending Success Secrets – How Anyone Can Grow Rich In America’s Best Cash Business! by Bill Way
* The Vending Jackpot by Ronnie Talent
* Cash Locations: A step-by-step guide to securing the best money-making locations for your vending machines by Ronnie Talent
There are plenty of free informational resources out there. Check the source box for links to articles.
Hope that helps! I wish you much success & happiness in all your ventures!
Tags: Before, Business, Know, Machine, Should, Starting, Vending, What
November 6th, 2009 at 10:54 am
find out how much to put into it before getting anything out of it
November 6th, 2009 at 3:04 pm
i heard it’s difficult to really make any decent $$$ at it bc of all the time & $ you spend in gas & labor to refill the machines & you can’t charge an arm & a leg for pop & candy bc people will only pay so much b4 they just bring their own stuff in to work, ect. i say just do a lot of homework, ask a lot of questions b4 you make any major changes or decisions. starting any kind of a business of your own is tough, esp if you don’t make sure all your bases are covered b4 you go into it. good luck!
November 6th, 2009 at 3:22 pm
Decide what you want to vend. How much it will cost to buy, rent the machines, how much you must add to the product you are vending to make a profit, do you have a good supplier, where you want the machines, how will you upkeep the machines, who will be responsibe for inventory.