Every business has employees. And most employees get the munchies throughout the day.
Just the same, every business has customers. And customers often look for food and beverages when they’re out and about, between activities, or waiting for a friend.
Thus, the importance of the vending machines. The vending machine business is a great second income worth considering these days.
My sister operates a small vending machine operation in a local government building. It’s not a huge money maker, but her investment is small and she only drops by once a week or so to make sure the vending machines are full.
For spending a couple hours a week running to Sam’s Club for product and filling the machines she reaps the benefit of being in business for herself. Even though it’s only part time, the tax benefits help her save money.
Here are some tips for starting your own vending machine business…
Why A Vending Machine Business Makes Sense
With product already placed in the machine, you can simply drop by on your own time schedule to top off the quantity.
Don’t get lazy though. An empty machine will put an end to your vending machine business real quick. Chances are, employees will start complaining if there’s nothing left in the machine.
The secret to success with a vending machine business is to keep those machines full, without anyone even knowing you were there.
Where To Put Vending Machines
Every time a new office opens in town, you have the opportunity to line up new locations for your vending machines.
Even places that only have a few employees need snacks and drinks.
The wise vending machine operator will contact establishments long before the grand opening in order to secure a place for a few vending machines.
- Cash Locations: Securing The Best Money-Making Places For Vending Machines
- Finding Places To Put Vending Machines
- Best Locations For Vending Machines
Where To Get Vending Machines
Sam’s Club sells vending machines for almost any type of product.
The best part: you can buy the items for your vending machine in bulk right there as well!
Truth is Sam’s Club makes setting up a vending machine route so simple that almost anyone can do it. Their Vending Buying Guide lists the many reasons that starting a vending machine business is one of the easiest ways to get into business for yourself.
Here are some other good sources for vending machines:
Stocking The Vending Machine
Unlike door-to-door sales where you must face an unknown prospect and try to convince them to buy your product, a vending machine business removes the direct contact with your customers.
By keeping the machines clean and full of fresh product you may never have contact with the actual consumer. You simply restock and empty the money out of the coin box.
But don’t be in a hurry. You need to take the time to fill the vending machine properly, otherwise items can get stuck or jammed. The end result will be either:
- People don’t get the items they’ve paid for. They get mad. If it happens too frequently, you get called and have to deal with irate customers.
- People get too many items at a time. Customers are happy, but your profits dwindle.
Here’s what happens when you don’t fill your vending machine carefully:
Whether you’re just looking for a way to pick up a few extra bucks to help send junior to college, or if the current economy has caught you scrambling to keep up, vending machines might be that alternate source of income that you’re looking for!
Here’s what you need to know about vending machine business licenses: