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e-book The Vending Business Guide

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Other niche services are:. As a result, for those that own one or few vending machines within the same locality, operating cost will be at a minimal. This means that the owner of a few or even one vending machine can compete with those that have several vending machines in different locations. The leverage in the vending machine business for any competitor is in strategically placing the vending machine at a location that has the right amount of traffic, as well as ensuring that the vending machine has the right product for the traffic. In any business, there are always brands that stay ahead of the rest.

These brands might not all use the same strategies and approaches in their businesses, but the basic strategies regarding the four marketing Ps of publicity, product, pricing and place for the vending machine business might be the same somewhat. Therefore there are several ell known brands in the vending machine business that have gone ahead to set a great pace for others to follow.

Here is a list of the popular brands in the vending machine business:. No serious entrepreneur starts a business without carrying out a feasibility study on the industry they intend to enter. The study enables the entrepreneur understand better the need for the business, where it is likely to be located, what products should be offered in the location that might be chosen, how profitable the business will be, as well as potential and existing competitors. In the vending machine business, the most important factor needed for any entrepreneur in this field is having the vending machine at the right location.

This is because no matter how your products may be of high quality, you might have no turn-over if your machine is placed in a poor location. Vending machine owners who have made a loss in this field have learnt the hard way about location.

How Much Do You Need To Start A Vending Machine Business?

The economy has taken a terrible turn globally, but this has hardly affected the vending machine industry especially those that are strategically located with the right product. Placing the right product in your vending machine for your traffic means that your vending machine becomes indispensable. For example, in hospitals, having a vending machine that dispenses coffee and soda is likely to bring a faster turnover than a vending machine with gumballs regardless of how the economy fares.

Deciding how best to start a venture either from the scratch or from a franchise is a huge decision, as each path has its own pros and cons. Before carrying out this decision, you should be able to carry a self-assessment on if you prefer the freedom to innovate, have total independence; or fully follow a prescribed ready-made system that a franchise brings. In starting a business from the scratch, an entrepreneur needs enthusiasm and passion to ensure that the business becomes successfully.

Financing your business is cheaper than buying into a franchise. Also, you can control every detail and your decisions are purely yours. Customers like and purchase from familiar and favorite brands over new businesses starting out. Also, a franchise can help you learn the ropes about the industry, with their marketing and advertising providing a cover for your business, and most times suppliers can extend credit to you due to the brand name. Possible challenges might come from ordering defective machines, staying in the wrong location hence pulling less traffic or lose your investment by selling unpopular products in your machine.

Other challenges and threats might stem from vandalism, and legal risks. The decision to choose a legal entity for any business is dependent on the kind of business one is running in the first place. The nature of the vending machine business is such that one can start it on a very small scale as a sole proprietor especially as the scale can be determined by how many machines one has, and how far in between the locations where they are placed are.

If you are considering to start on a medium or large scale, then it would be advisable to enter into a partnership, or form a corporate organization such as a Limited Liability Company LLCs but you would need the services of a lawyer especially for a partnership, so that a partnership contract can be prepared that will make sure all the aspects of the business agreement are clear and legal.

Any business name chosen is that which will project your business and its image and either make it become a brand or not.

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This is why it is important you carefully choose a name for your business. Below is a list of suggested names suitable for your vending business:. Even though a vending machine business is an easy venture- especially as it allows you set up your machine anywhere, and have people put money in it, for later retrieval. Here is a list of the basic insurance cover you should consider when going into the vending machine business.

A vending machine dispenses products — whatever kind — that are stored inside to someone who needs it after a button for that item has been depressed; for this act no intellectual property is needed. However, if you come up with a new idea for a vending machine, either changing its shape, or create a better way products will be dispensed, then the business would need intellectual property protection, and in this case a patent.

A patent protects a new and non-obvious novelty. No, anyone looking to go into the vending machine business does not require a professional certification. Your employee also does not require a certification. Depending on the laws and regulations in the state where you will be operating from, the documents needed for a vending machine business is very strict, but listed below are the basic documents that will be needed to run a vending machine business:.

Any serious minded entrepreneur knows that one needs a well detailed business plan, no matter how easy the business might look like.

Starting Your Own Vending Business: A Step-by-step Guide

I first started my vending machine business with just a few machines and turned it into a full time business within 6 months. Most business owners and managers will be very receptive if you approach them with your idea for coin-operated vending machines. Explain how having a candy vending machine at their location may draw more business and will make their employees very happy.

Since a lot of employees slip out to the nearest coffee shop for a cup of coffee, being able to offer specialty coffee at your customer's location helps to sell him on contracting for your machines. Due to the demand of machines and the constant rush everyone is in, the vending business has started to reap the benefits and has answered the desire of our new robotic world with a large variety of national brand name products in vending machines. Maybe you have heard that a vending machine business is one of the most profitable home based businesses. Basically, a vending machine business is just like any other business that needs your good attitude and management in order to bring in a profit.

This doesn't mean the vending machine business is easy money.

John Hanna, All Rights Reserved. This article may be distributed freely on your website and in your ezines, as long as this entire article, copyright notice, links and the resource box are unchanged. Most Read Articles On "Entrepreneurship". As an entrepreneur, you must be aware of existing policies and laws regarding the product you intend going into. This is especially as pertaining to your location.

For instance; most beverage and snack vending machines are being pulled out of elementary schools in the United States, so if you intend to locate your vending machine in an elementary school, you would need to think of healthier food, or products that are not consumables. The number of operators in the business were 24,; with 65, people being employed.

These statistics covers small, medium and large scale operators and franchises. Those operators who are into generic snack and soda vending machines, have seen their revenue decrease even though beverages and snacks still lead in the vending machine industry, because customers have changed consuming priorities to wanting healthier snacks and products.

The Vending Business Guide

This customer consuming change will keep the industry from growing as it should, and expanding aggressively. In other countries such as Hong Kong, Vending machines were introduced due to high labor cost and limited space, with majority of the machines being stocked with drinks or snacks.


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Niche ideas have been for mobile phones and camera, umbrellas, and so on. The demographic and psychographic of vending machine users depends on the location of the machine, and the products offered by the machine. For example; gumballs vending machines are likely to cater to the needs of children and young adults.

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Coffee vending machines will cater to young adults and adults of whatever sex, while that of generic snack and drinks will likely cater to almost all age groups except those who are extra health conscious. Majorly the similarity across operators of the vending machine industry is the machine itself, regardless of the peculiar product the machine will dispense. This means that the niche services that will be offered by the machine, depends on the owner of the machines.

This is of importance in this trade, especially as it is an industry that is limited only by the ideas from the entrepreneur. Furthermore, it is a full niche industry that continues to evolve as more ideas on what the vending machine can dispense are brought to the fore.

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For example, there are vending machines that dispense food, but have niche ideas where some entrepreneurs dispense only healthy foods or drinks only for health nuts. Other niche services are:. As a result, for those that own one or few vending machines within the same locality, operating cost will be at a minimal. This means that the owner of a few or even one vending machine can compete with those that have several vending machines in different locations.


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  7. The leverage in the vending machine business for any competitor is in strategically placing the vending machine at a location that has the right amount of traffic, as well as ensuring that the vending machine has the right product for the traffic. In any business, there are always brands that stay ahead of the rest. These brands might not all use the same strategies and approaches in their businesses, but the basic strategies regarding the four marketing Ps of publicity, product, pricing and place for the vending machine business might be the same somewhat.

    Therefore there are several ell known brands in the vending machine business that have gone ahead to set a great pace for others to follow. Here is a list of the popular brands in the vending machine business:. No serious entrepreneur starts a business without carrying out a feasibility study on the industry they intend to enter. The study enables the entrepreneur understand better the need for the business, where it is likely to be located, what products should be offered in the location that might be chosen, how profitable the business will be, as well as potential and existing competitors.

    In the vending machine business, the most important factor needed for any entrepreneur in this field is having the vending machine at the right location. This is because no matter how your products may be of high quality, you might have no turn-over if your machine is placed in a poor location.

    Vending Machine Business Guide

    Vending machine owners who have made a loss in this field have learnt the hard way about location. The economy has taken a terrible turn globally, but this has hardly affected the vending machine industry especially those that are strategically located with the right product. Placing the right product in your vending machine for your traffic means that your vending machine becomes indispensable. For example, in hospitals, having a vending machine that dispenses coffee and soda is likely to bring a faster turnover than a vending machine with gumballs regardless of how the economy fares.

    Deciding how best to start a venture either from the scratch or from a franchise is a huge decision, as each path has its own pros and cons. Before carrying out this decision, you should be able to carry a self-assessment on if you prefer the freedom to innovate, have total independence; or fully follow a prescribed ready-made system that a franchise brings.