A Guide to Working from Home: Vending Machines
Many have been bitten by the
next wave of entrepreneurial spirit that is sweeping the nation, and are
actually leaving their jobs to start their own home based businesses.
But choosing the right home based business can be a challenge.
Vending Machines
is a venerable home-based business that has been
around for over a century and with American pumping over 22 Billion
dollars of their loose change into Soda, Coffee and Snack Machines a
vending route is still a great path to financial independence
AT A GLANCE
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Expected Hourly
Income |
4000 5000.00 Month
Potential |
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Start-Up Costs
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High,
Moderate, Low |
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Start Up Degree of
Difficulty |
Easy,
Moderate, Difficult, Very Difficult |
|
Potential Problems |
Scams, poor locations,
theft damage to machines |
Getting Started
Vending machines have always
been a great opportunity to start your own business. And today, while
not an Internet based business like a lot of the Home Based businesses
we have been talking about a fresh paint of new technology is making
vending an even more popular and potentially profitable home based
business for the savvy entrepreneur then eve before. Traditional vending
machines still abound but the latest high tech machines that take credit
cards and debit cards, and soon may even be able to deduct from accounts
linked to you cell phone are making vending machines much more
attractive to businesses owners and consumers. Also Machines no longer
stop at just candy and soda today you can find vending machines in
corporate break rooms throughout the country offering healthy
alternatives, even complete meals. Also coffer vending machine shave
been making great in roads into the corporate market place replacing
more traditional coffee service because of their cost effectiveness.
There are basically two types of vending machines the bulk candy
dispensers; the traditional gumball machine; and the more
sophisticated drink, ice cream, candy etc machines. Most experts in the
vending industry agree that when starting out you can best begin and
grow your business with a small combination of both types of machines.
A vending Route in general is usually a very
profitable home based business. However it is difficult to definitively
say which type of machines are better than the other, as they both have
there advantages and disadvantages. That is why most experts in the
field agree to shake it up a bit with a variety of both kinds of
machines. For example, obviously there are far more purchase made from
snack and soda machines than bulk gum or mint machines, so the bring in
more money, but that also means the need to refilled more often. Yet, if
you can afford the purchase price you can create a similar income level
to snack and soda by adding additional bulk candy machines to your
route. Bulk candy vendors generally need servicing every 6 or 8 weeks;
so, you can still treat it as a part time business even if you have
dozens of machines on location and it could possibly bring you the same
income as a few snack and soda machines, or certainly supplement that
income.
Start-up costs
Realistically unlike some other
home based businesses with little or no start up cost, starting a
vending route will take some start up costs. You can purchase bulk
machines for less then 100.00. The more sophisticated soda/snack
machines can cost anywhere from $1500 2000.00, but most dealers in
vending machines will offer financing on their most expensive machines,
and this can be as little as 200.00 month. So with a modest amount of
start up capital, say $15,000 20,000.00 you should be able to purchase
or lease enough machines to get you started. You also may want to
consider hiring a locater, who can help you place the machines. You can
find out more about hiring a locator and more details about start-up
costs by clicking following links in the resource section at the end of
the article. As in any Home Based Business if you have left work to
pursue a vending route business full time, and do not have access to
health benefits through a spouse, you need to include the cost of health
benefits in your monthly budget. More information on Insurance for the
Self-Employed can be found at
www.insurancebudget.com or
http://www.nase.org/
Hours and Income
If you really want to make money
and have a successful vending route as a home based business, it really
takes having a fair amount of machines. And that means expect to put in
full time hours to service them and collect form them. However your time
is still your own, as will be your profits, which with the right amount
of machines in the right locations can be up to 5000.00 a month, or
more. An average bull machine should yield about 50.00 per month, a good
soda/candy 200 300.00 or more/month.
Potential Problems
The greatest pitfalls with
starting a home-based vending route is again falling for scams about
outrageous claims for free machines with high profits. Or paying for
routes that do not really exsist. Or paying for locators that give you
false lists. Also do not overpay for machines, or for commissions to
locators or location owners. The links below can help you avoid problems
and make good decisions.
Other Resources
Tips for Starting and Operating
a Vending Businesses
http://www.my-vending-uncle.com/indexg.html
http://www.4mega-vending.com/faq.htm
http://www.smallbizbooks.com/cgi-bin/SmallBizBooks/00103.html
Latest Vending Technologies
http://www.associatedcontent.com/article/50734/next_generation_technology_for_vending.html
Conclusion
Starting a vending route can cost some significant money, and has its
challenges but has been, and still can be the path to business ownership
and financial freedom for many.
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