September 14th, 2010 by Bruce

If you have ever thought about running your own business you may want to consider selling vending machines. You would be surprised to know that you can actually make as much money as you want doing this job. This is a business with no set hours, little to no sales experience needed, and best of all, you determine your income.

If you take some time and think about it you probably can not identify any place that does not have a vending machine. The neat think about them is that the company that owns it really does not have much to do with them.I’d venture to say there aren’t many. They are called independent contractors.You also have the ability to decide which of the company’s products you want to place in the machine. They also get to determine what price they want to place on the products. They lease their product name, or even the machine itself, to an independent contractor. It really can be a money maker for you.

You will find that the vast majority of individuals that decide to go into this type of business are very happy that they made this decision. However, it can be very expensive until you begin making a profit so it will take some hard work.

You will need to do a little bit of research related to the start up costs that go along with vending machines. You will need to buy or lease the machine when you first begin. This can be very expensive when you are first starting out. Whether you purchase or lease
there will be some initial investment required. Many companies will let you make payments when you decide to buy there machine and this can really help you get started making your business a success.

You need to be sure that you keep a few things in mind when you are searching for a place to put your machine. Some businesses will let you place them for free, and other will charge a fee. However, keep in mind that if you pay you may be in an area where you will make more money in the long run.

Finally, remember that you will need to purchase all of the products for your machine on your own and this may be very expensive in the beginning.

If you are keen on this business, find out more about beverage vending machines and vending machine supplier today.

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October 2nd, 2009 by Bruce

Let’s talk about the script for the next step when you go to the location to talk to them about closing the deal. And sometimes it takes more than walking in and presenting your business card. Initially, there is a follow-up process and then other processes that come into play to actually close the deal on the location.

When you go into the location next, you want to close the deal on that location. This is where I am basically saying that I am almost getting close to closing the deal. These people have already taken my information. I have already followed up with the phone call.

They have invited me back to their company so that I can explain to them about vending services. Obviously, they are interested because there is a reason for inviting me back.

If the company already has vending machines there, you need to look at the machines to see what their situation is and if you can further assist them.

Honestly, as a vending operator, there have been times when companies have called me, and they have said, “Can you come in and help us? We have some problems.” Or, “We were looking at different pricing for our vending service, and we want better service, better pricing, etcetera. Can you come in?”

Well, I have been into big companies before. And I would look at the vending machines they have and the pricing. I would ask the person, “What is your service like?” What are they doing? And I would look at them. If I felt that I could not do better from say a price standpoint, I would just be honest and say, “You know what? It looks like you have some pretty good vending machines here.

The machines look good, the prices are set right, and if the guy is coming on a weekly basis or whatever to fill them, everything is all right.” Not many operators will try and come in here and undercut that. In short, undercutting that would be undercutting yourself.

But say you sell a can of pop for one dollar, and the other guy is selling a can of pop for one dollar. The only issue is, “Well, we just want a better price.” Well, you know you will be undercut because you are going to lose profit margin if you start down-pricing your products just to get the location.

The only time I would ever do that would be if the sales volume was really astronomical. I knew that I would still make a good profit margin based on the sales from the product from the machines. I am referring to a huge company. I don’t normally do that, and in some circumstances, I will just be honest and say, “I think you are doing fine as it is.”

Chris Robertson has been a successful vending operator for over 11 years. He teaches people across the globe How To Start A Vending Business in their own local areas. Get Chris’ Free Vending Report today and start learning how to make money in the vending machine business.

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October 2nd, 2009 by Bruce

The goal is for you to go in and talk to a potential location to get your vending machines in there. They may start explaining all the problems they are having with this provider. They don’t come to fill the machine; they don’t do this or that. Then you reply, “Listen, no problem. I can set up some machines similar to what you have here. We can run the same kind of selections. I will even throw in a few more extras so that you have some more healthy items”.

You look at some suggestions they want and types of items too. If they say, “The vending guy never acknowledges our request,” then say, “No problem. Just let me know when you want the machine, and I will help you and put it in”. It might even be that one comment you make to them that will get you the location.

Evidently, the biggest pressing issue they are having might be that, “The guy doesn’t listen to our requests.” And if you say, “You just tell me what you want in the machine, and I will put it in,” they might say, “You are in”. I will make the call. The other guy is out. Not that I am in favor of kicking vending operators from companies or anything, but if the other person is not doing the job properly, then they should not be there.

That goes for me too. If I am running my business, and I’m slacking, if I lose a location because I am just not pulling my weight, you know what? Then I deserve it. It sucks. But you know what? That is what business is all about.

Personally, I have never lost an account like that before. The only time I have ever lost an account was when a business folded or something similar. This is very rare. The biggest thing for me is to be keeping my accounts in good order, keeping good relationships with clients, and making and maintaining my promise to the company. And if you do all those things, you will definitely win in this business.

Chris Robertson has been a successful vending operator for over 11 years. He teaches people across the globe How To Start A Vending Machine Business in their own local areas. Get Chris’ Free Vending Report today and start learning how to make money in the vending machine business.

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