Vending Machine Business – The Pros And Cons

Owning your own vending machine business can be a profitable business venture. It’s a great way to make money after retirement and is also a good back up plan in case you lose your present job. Many big companies are still feeling the financial crunch. Sometimes the little guys are even better off. The vending business is small business that has to potential to earn big.

If you plan to start a vending machine business it would be good to do some research first about the industry. Learn how to start a vending business, where to get the capital and how to run it. See if the benefits will outweigh some disadvantages. All businesses have good and bad sides to it and that also includes the vending business. Knowing the bad side will allow you to plan ahead so you can avoid them.

Let’s first get into the pros, or the advantages of a vending machine business. With this type of business, you get to call the shots. You are your own boss. You decide how many machines to buy, what kind of items to sell, where you want to locate your machines and how big or small your business will be. If you don’t want to tire yourself visiting your vending route then just get a few machines. If you wanna go big, by all means get more machines.

You don’t have to come up with a huge amount of money to start a vending machine business. One of the good things about this industry is anyone can get a shot at starting a vending business. You can start small if you have a limited amount of money. If you can get cheap vending machines you can further cut down on your initial expenses. You can make profit sooner if you spend less for your capitalization.

Your working hours are flexible so you are more relaxed. Remember the days at the office when you would be stressed out all the time? Well the vending business allows you to visit your vending routes on your chosen day and times. You don’t even have to visit your machines daily as long as they are stocked up. Once you have a system going, you visit your machines only to replenish supplies, collect earnings or to service machines. You can do all 3 at one time.

Another thing to watch out for is placing the wrong machines with the wrong items in certain locations. Match what you sell to what the market wants. So if you are planning on selling small plastic toys, you can’t put those in an office building but rather at a hospital of pediatrician’s clinic.

Some bad points in the vending machine business is the difficulty of finding good locations. When you do find a perfect location, it’s likely that other vending operators got there before you. In this case you can do 2 things. One thing you can do is to put a machine selling different items. So if you are looking at a location at a gym and they already have coffee and soda machines, you can sell healthy snacks or sports drinks. You can also try to find new communities being developed or buildings under construction.

Large vending units are the ones that make a lot of profit, the downside is these larger vending units can cost a bundle. The solution to this is to find used vending machines that are in good working condition. People who have been in the vending machine business for a long time know where to get affordable large vending units. The less you spend to start your business, the more money you can make. Find out where veteran vending owners get their cheap machines and you’ll have a better chance at making profit sooner.