Branching out and beginning your own business is, in itself, a risk. Leaving behind a steady paycheck and the lack of responsibilities associated with being an employee and not an employer has another set of risks. You, however, want to be in charge of your own destiny, to write your own future, to set your own hours and to be the boss. These are noble callings and mean you are self-reliant, motivated and have a mind for business.
Rather than just running out and immediately starting your new vending machine business, you need to strongly consider what are the risks and rewards associated with this new venture.Any new business, as previously stated, has a degree of risk.A vending machine business can have incredible rewards, and you are willing to risk what is necessary to make it.
One of the first risks you are likely to encounter is buying machines. Used vending machines, while cheaper, may not have some of same anti-theft protection as a newer, recently built machine. The products and the money inside are a quick way for unscrupulous individuals to earn some fast cash, and this leaves you, the owner, on the hook for the repair bills and replacement product.
The chances of your machines running low, out of or lacking a particular product are always a problem. You must be willing and capable of filling your machines quickly. This may mean no vacation; holidays or weekends off because at any time you may have to service and fill your machines.
Choosing to hire an employee or employees to assist you will present a new set of risks like insurance, bonding and employment taxes. When you own your own business, the only person you will realistically be able to trust and be assured to get the job done right is you.
This is not to say you cannot start a new business and be very successful. All businesses will have some degree of risk involved, but no business ever began because someone was too scared to step out and begin something new. There is not one business that did not get started without someone willing and able to take a risk.
A vending machine business has the opportunity to be very lucrative and profitable. The margins of profit are high when you consider the amount of work involved. Do your homework; calculate the risks and step out. It may lead you to greatness.
Author Bio: Victor McNamara works at Vending World. Vending World is a leading distributor of used vending machines. They have been selling vending machines since 1968 and can fill almost all of your general vending machine needs.
Vending Machines business is 100% against Cash only business. All you just need is a nominal initial investment and it does not require any degrees or previous experience either. The success or failure of this business is you. You don’t need anybody else in the Vending Machine Business other than yourself. You are the boss and you alone will decide as to what kind of a vending machine you need, what do you want to stock and sell and where do you want to place the vending machine.
Vending machines can be seen in many places. They are usually somewhere, which is traversed heavily by many people. You will note that they are in bus stations, train stations, office buildings, and even shopping malls. They will either have a variety of goods or one type. They are so diverse that they can either give you a cold beverage, a tasty snack and even a hot meal. There is no limit to what is available in them.
The vending business is not new at all. It goes back for many centuries. Can you imagine as far back as the 1 A.D. did you know that the first was created in Alexandria, by an engineering phenomenon from Greece. He designed a vending machine that operated by dispensing holy water. This could be found in the Egyptian temples. It was also controlled with coins.
It was truly way ahead of its time. The concept was not changed until the industrial revolution period where there were now electrical alternatives. Then since then, the early 19th century, people would be able to see these new and Refurbished Vending Machines almost everywhere. Books and postcards were also dispensed from these machines. It was round about this same era that these vending machines were introduced to the American market. In New York, gum dispensing machine was a great invention there. Since then, you could not go about the urban areas without seeing one. As well as the books, you could get food, stamps and cigarettes.
This is certainly a multibillion dollar industry; did you know? Because of this, they are continually being advanced in their technology. Did you know that they even have wireless capabilities? Their communication systems have been built like that so that the companies can quickly and easily track inventory, when they need to be refilled and monitor any other activity going on with them. You can be certain if you manage to move one, they will find you in a jiffy. Because they do use electrical power, alternate sources are being employed like hydrogen fuel-cell machines.
Yes, this is a great and invigorating concept; but so too are the diversity in the products that are sold through these new or refurbished vending machines. The innovation certainly doesn’t stop as every year there are new concepts. The great minds just keep on churning out new ideas. Japan and US are certainly leaders in this. You can get pizza that is fresh, or even small weird and wonderful trinkets in Japan. Truly, one has to wonder if there is anything that cannot be sold in a vending machine.
What is offered in vending machines will vary about the world. If you are considering using these machines and going into the vending business, then certainly you must understand that there are factors to consider.
You will want to put them somewhere, that a lot of people will go by them, and buy from them. You are looking for maximum profits from your investment. So it is common sense to place them where there are a great many people. Many of the options that come to mind, might already be occupied by other vending machines; but that does no t limit you to not thinking outside the box and being innovative in choosing a location. When you go about your day to day business, just look around see where could use a vending machine.
You will want to talk to everyone and anyone who will give you ideas and suggestions. This will range from friend and foe; to family and business connections. Try to network as much as possible. Out of your networking you might connect with a business that is looking to have them installed on their premises.
Dedicated Monster Energy brand vending machines sell more products due to brand recognition. Monster Energy brand is now the #1 energy drink in many states and outsells all of its competitors by a huge margin. This machine screams that ‘Monster Energy’ is in the machine to any potential customer that walks by it. These ‘official’ 2009 Monster Energy graphics are produced in limited quantities making the cost of the machines a little higher than regular corporate logo machines. Our customers that have purchased these dedicated Monster Energy machines have told us that the increased sales of energy products more than makes up for the higher price of the machine. These machines can be set to vend standard 12 oz cans any even 20 oz bottles with minor shim conversions as well as the 16 oz energy drinks.
Thank you for visiting Vending World on
the web. Many other sites sell only new mechanical machines. This is because new
‘commercial’ grade vending machines are very expensive. We only sell refurbished
‘commercial’ grade vending machines. We do this because most locations do not
need new machines. Our rebuilt machines sell for 20% to 50% the cost of new
vending machines. Are you thinking about buying ‘low cost combo machines or bulk
vending’? Please see our new users pages before you buy. Compare our commercial
grade equipment for the vending machine business.
We are a top nationwide distributor of refurbished vending
machines. We have been selling vending machines since 1968 and can fill almost
all of your general vending machine needs. We are the largest seller in
California, In total sales of used vending machines, refurbished vending
machines, wholesale vending machines and vending parts from 2005-2010. If you
need more machines than we have ready please contact us, we have hundreds more
machines that just need to be refurbished.
vending business can be a great way to make extra money in an all
cash business. Many people make beginner mistakes and loose money in
the business. One common mistake that many people make is buying
brand new machines. New machines are great for very large,
established vending companies that have huge locations. For the
average small vendors new machines don’t make any sense based on what
they cost. What many of our successful small vendors do is to buy
quality refurbished machines at a fraction of the cost of new. There
is much more profit in vending 12 oz cans than vending 20 oz bottles.
small vendors start with can drink machines. These units produce the
highest return on investment. Locations with over 40 to 50 full time
employees could warrant a refurbished snack machine as well as a can
on the amount of employees in the location you could consider a multi
price can/bottle machine. These machines are higher priced but can
vend the highly profitable energy drinks as well as cans.
If you are a new to vending be sure to check out our new users page.
Over the years many people have gone into the vending business and had
great success. Many have made it into a family run business and have
done it part time or full time and have been able to quit full time
jobs in many cases. The vending business is unique in that it allows
you to start out with a small investment and let you grow at the pace
you can afford. Every time you add another machine to your vending
route it is like adding another store location to your business.
Thank you for visiting Vending World on the web. Many other sites sell only new mechanical vending machines. This is because new ‘commercial’ grade vending machines are very expensive. We only sell refurbished ‘commercial’ grade vending machines. We do this because most locations do not need new vending machines. Our rebuilt vending machines sell for 20% to 50% the cost of new vending machines. Are you thinking about buying ‘low cost combo machines or bulk vending’? Please see our new users pages before you buy. Compare our commercial grade vending equipment for the vending business. All of our rebuilt equipment is listed on our website. Many other sellers of used or new vending equipment make you call them for prices. All of our machines can be bought with online ordering. Why buy used vending machines? You can buy our refurbished vending equipment for about the same price as used. You can see prices clearly marked and you can see pictures of the actual models. Many items we have built in small quantities due to limited space in our showroom area.