Bulk Vending Machine
Tips on Choosing Bulk Vending Business
Bulk candy machine is a machine that vends a
handful of candy, gumball, bouncy ball, or perhaps a capsule with a
small toy or jewelry at very low rates (usually sold for 25 cents).
Even the price of product is very low, you can still make decent money
though. Bulk vending is a great vending business opportunity and a best
choice for you to start than snack or soda vending since the profit is
considered high – you purchase bulk gumball or candy for 2 or
3 cents and you can sell them for 25 cents each. Imagine that you are
potentially earning 10 times higher than you paid for the product and
that equals to more than 700% gross profit!
If you currently still have full time job, bulk
vending is also suitable for you since the potential locations, such as
restaurants and retail stores are still open during the evening and
weekends. In addition, investment for the machine is low because bulk
vending machines are typically not inexpensive when compared to soda or
snack machines or other vending machines.
Placing your bulk vending machine in a food store
or supermarket needs you to make an agreement with the space owner,
whether you will pay then space fee monthly, pay extra monthly
commission or pay the space fee based on percentage of profit.
While bulk vending is definitely a profitable
opportunity, you need to be aware that bulk vending is susceptible to
inflation. Product costs may rise higher than prices customers are
willing to pay, while most of bulk candy vending machines not featured
with price adjustment. Moreover, since the bulk vending machines are
easily portable, they can be easily stolen too. Report shows that about
1-4% of bulk vending machines are disappear annually.
Here are products to vend using bulk vending
machines: Peanut M&M’s (one of the best selling
products in the United States), Reese’s Pieces, Skittles,
Mike and Ikes and Hot Tamales, Runts, chocolate covered raisins, jelly
beans, peanuts, cashews, gumball, cheap jewelry (for kids), stickers,
and toys.
Recommended Reading
The
Vending Industry: History, Trends,
Secrets, Opportunities, Scams
by Charles Hanna
Price: $39.35 - Click
here to buy
Review by one of Amazon customer, Matt South:
Ten months ago I placed my first bulk vending machine. The location was
generating good business, but I wasn't getting the kind of money I had
anticipated. Reluctantly, I started looking online for help. I found
this book by Charles Hanna and checked him out on google. After looking
at his homepage, I decided that he might be able to teach me a thing or
two about vending. Reading the book, I found answers to questions that
I didn't even know I should be asking. Now I know how buy and place
vending machines with confidence. I feel like a pro when I walk into a
new location and my customers know that I am someone they can trust. I
have since acquired a total of 10 locations and 17 machines and
growing. The book is well written and easy to understand. It has paid
for itself many times and it's the best investment I have put into my
business.
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