Chapter 1 About Vending
The Vending
business itself is a very broad range of businesses such as vending of
Soda, Snack, Coffee, Gumball, Candy, Personal Care Items, Tickets,
Phone Cards, etc. Some recent types of vending involve high-tech
concepts such as Internet Access and Wi-Fi (Wireless Internet Access)
Vending.
Vending was
known as early as about 200 B.C. In
Egypt
, in
Alex
andria
places of worship there were devices dispensing holy water after a
coin was deposited. In the end of 19th Century penny gum
dispending machines were installed on
New York
’s train stations. Thus vending was started in the
USA
. Today, vending machines are operated by many thousands of companies
nationwide and worldwide. These machines range from relatively simple
to highly sophisticated, and offer an enormously diverse array of
products. - According
to National Automatic Merchandising Association http://www.vending.org
There are about 5 million vending machines at 1.3 million
locations in the
USA
with sales 15 Billion in 2003. About 80 million
Many of
Vending Opportunity sellers or some vending equipment sellers present
vending business as very simple highly profitable business. The
proposed plan is: you buy equipment from us, find locations or
locators find them for you, place the equipment, fill it with
inventory and you are starting making a lot of money. The reality is
that in many cases you would be sold expensive (or extremely
overpriced) equipment, you’d get poor locations or no locations, and
the sales figures might be a way too far from the projected, and you
do not see in the near future when you will be able to cover your
expenses and start making profit.
In case you buy equipment with reasonable prices,
carefully choose locations, and then you may be able to generate
enough sales and profit in order to return your investment in a year.
After that you may expect to generate a good income, which may help
you to “get richer” in the long term, but definitely not right
away. I believe in general it is extremely hard to get really
“rich” (lets say to make 100+, 200, 500K a year) from vending
business. Probably few people can do that, but most people should be
able to have a good income just by operating their business in a right
way. From my experience in Candy Vending it is very possible to make
about $40-$80 an hour, which is close to the limit you can make. There
are some limitations (I’ll talk about them later) that will not let
you increase your income significantly. Vending could be a good source
of supplemental income when you do it part time. It is also a good way
to try yourself in a business.
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