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Used Vending Machine

Vending Machines and the Lure of the Instant Home Based Business

If you are considering vending machines as a home based business here are three very brief facts about vending.

1) Vending machines will start to earn revenue for your home based business almost immediately.

2) A brand new, high quality machine is actually very inexpensive.

3) Any machine at the right location has the very realistic possibility of paying for itself well within one year.

These three simple facts are from my 8 years of experience owning a vending business. I remember the day my first machine went into a location. It was a cigarette machine and after we hung it up on the wall in the bar we sat around and had a few beers. Within 30 minutes after we were done I watched my first customer walk up to my machine and buy a pack of cigarettes. I saw the instant cash flow happen, and it was wonderful.

I overpaid for that machine. It should have cost me only $2,400.00 plus tax, but instead I paid over $8,000.00 because I dealt with a business opportunity company and they gave me a location when I bought that machine from them. I can tell you, there is nothing more satisfying than watching someone put money into your vending machine. When I watched my first customer buy from me, the last thing I thought about was how much I spent, my business was now making money!

I was hooked and it was great. My first location generated a return for me of nearly $5,500.00 in the first year. That figure takes into account the commissions that I paid the bar for each pack of cigarettes I sold in the bar. My sales in 1996 averaged 300 packs of cigarettes per month with a $2.00 margin.

If I had purchased my first vending machine directly from a wholesaler and found that location myself I likely would have saved myself over $5,000.00 and paid off that cigarette machine within the first year.

But finding locations for a vending machine can be difficult and time consuming. A vending business opportunity company ( Rip-off Bizop Vending Company ) can sell you a vending machine with a location for your machine. You'll pay substantially more for it, but they take the headache out of starting a business by providing a perfect combination of vending machines with a location so you can start earning revenue immediately. It's the perfect lure for the instant home based business.

About the author:
Mike Corbin's website http://www.no-vending-secrets.com challenges would be entrepreneur's to think differently about vending and avoid the vending business opportunity scams entirely!

 

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Recommended Reading

Book: Cash Locations

Cash Locations : A step-by-step guide to securing the best money-making locations for your vending machines [DOWNLOAD: PDF]
by Ronnie Talent

Price: $19.77 - Click here to buy

Review by Bryon Krug, the Author of Vending Business-In-a-Box:
It is no secret that vending, like real estate, is a location game. You can have beautiful, state-of-the-art vending machines. But if you put them in bad locations, they won't make any money for you. Conversely, you could still make money if you put old, run-down machines in great locations. The challenge is finding these great locations that will make you lots of money. Ronnie Talent is an expert in this area, having grown his business to 428 machines in only 18 months.

While most books on vending include a chapter or two on how to get great locations, Cash Locations is the first book devoted entirely to this important subject. Here are some of the topics covered in the book that I found to be most valuable for someone running a vending business:

  • The basics of sales for people who don't have any previous experience in sales. (The book also includes lots of advanced techniques for people who have experience selling.)
  • Scripts that you can use when talking to locations.
  • Techniques for getting referrals for potential locations for your machines from almost anyone you talk to
  • How the ideal place to put a machine varies for different types of machines
  • Examples of other types of creative, location-specific products you can sell in your machines
  • Case studies of real people who have succeeded in vending (and how they did so)
  • Examples of flyers that you can give to businesses

I strongly recommend this book for anyone who owns a vending business. For someone who is just starting out in vending, I recommend first reading both Talent's other e-book, Vending Jackpot, and Vending Business-In-A-Box. (Full disclosure: I wrote Vending Business-In-A-Box.) (Both of these books will help you to avoid scams and to get your business off to a fast start.)

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