Here are a few tips that will help you with starting your vending machine business:
- The item for sale can be crucial to the business but it can vary from different types of candy to gumballs. Product demand and profit margins are to be studied thoroughly for each type of product. For example candy and gumball machines return a profit greater than the actual product value but the sales have to be a lot larger or you need to have more than one machine in one place.
- Once you have decided on a product you have to choose a good location. Where people stay or gather is the most ideal spot, places like lunch rooms, bus or train stations, and grocery stores. The location is critical and must be according to what you are selling – for candy, bouncy balls, and gumballs the best places are where kids may wait like in front of restaurants or at zoos.
- An important thing to consider is the availability of replacement parts. More and more companies offer metal machines that are more reliable than plastic ones. Also the repairs are a lot easier and most of our machines are made in America so parts are easily purchased when needed.
- It’s helpful to keep in mind that the vending machine business is related to the business that houses the machines and it should be a popular one – the more traffic by your machine, the bigger the profits will be. Before asking permission to place your machines, remember that persistence is the key to getting your machine located where you want it. Always talking to the owner of the business instead of an employee increases your chances dramatically.
If you put a little planning into it, vending machines can be a great business and provide a decent income in no time at all. So put your planning into action and get your vending machine business going!