Tuesday, May 15, 2007

Vending Machine Business Opportunities
Copyright © Rahimah Sultan

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Vending machines are so commonplace that we don’t give them a second thought. These machines are placed in businesses and they provide customers, employees and the public with snacks and drinks and trinkets and the like. There has been a lot of improvement in vending machine technology and they are more common and more useful than ever before. You could invest in some of these machines and have a business opportunity.

When considering a vending business, know that you should own your machines or have a good leasing agreement with a reputable source that includes repairs and/or replacements if something goes wrong. So, you must have some money to invest in startup.

You can use gumball machines as your vending machine of choice, and place them in different locations around town and in establishments such as the entrance to restaurants, in foyers where people are waiting to be seated and on tables. You can put different kinds of candies or mints into the machines, depending on the venue. Some places are more disposed to certain items.

Let’s say you have a vending machine on a particular table in a certain area of a restaurant and you have candy-coated peanuts in the machine. You could place a certain number of mints or something else that’s different in with the peanuts, and if someone gets this different item they win an additional prize of some sort. You can place a message on the outside stating that.

Now, you must have a clear-cut agreement with the business owners, where you place your vending machines, regarding percentages of your profits for them allowing your machines in their place. When you negotiate the terms, be sure you make the best deal possible so that you earn enough income to make your business profitable and the business owner makes enough so that you can keep your vending machine in the establishment indefinitely.

When you have a vending machine business you have to be sure that you check and service the machines on a regular basis. You can set up a schedule to make the rounds to the business establishments to collect the money from the machines and to be sure they are working properly.

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