Tips for Starting a Vending Machine Business
Posted by Global Vending Group, INC on 20th Oct 2014
From an outsider’s perspective, running a vending machine business looks pretty straightforward: buy a new vending machine, stick it in a corner somewhere, and kick back while the riches come rolling in. The longtime vending machine operators know the real truth. Turning a vending machine business into a successful source of primary or secondary income takes years of hard work and lots of research. If you’re thinking about starting a vending machine business, here are some simple tips to keep in mind:
Most successful vending machine operators have dozens of vending machines in action in traffic producing locations and many use vending as a supplementary form of income rather than a primary revenue generator. Patience is a virtue; with successful placements and a network of strong contacts your investment will pay off.
Location is one of the most important elements of building a strong vending network. However, regular cleaning and maintenance of your machines is also critical. People are more likely to use a clean, new vending machine since it takes the worry out about technical mishaps and/or not providing a product. Put in the effort to keep your machines clean and you’ll see stronger performance.
Competition is Fierce
Placing a vending machine in a school or office is an excellent way to make money, but competing vending machine operators pay close attention to new construction and business plans. If you want to land a lucrative location, you need to make arrangements months ahead of time to beat your competition to the punch. You must work proactively to find the best locations before anyone else.
Global Vending Group is an industry leading provider of new vending machines. For more information or any questions please visit www.globalvendinggroup.com or contact us at 800.592.4220. We are here to assist.