How to start a vending machine business

How To Start A Vending Machine Business

http://thewealthbuilderz.com



Whats good wealthbuilderz its yah boy

DeVaughn back again with another video

and today we are talking about building

a business off line



I know I know I mostly speak on

building business's online

but I'm starting a new video series

where we talk about how to build

specific types of business's offline

or online and today we are talking

vending machines... lets go!!







Vending machines average over $7 billion a year in sales.

The snack and vending machine industry generates over $64 million a year in profits.

The vending machine business used to mostly cash-based

but now it seems to me that

they are doing my card based transactions



Since we are a card based society its only right

that vending machines are more card based



Here are some more statistics

if your thinking of starting your own vending machine business

There are an estimated 4.6 million vending machines in the U.S.

56 percent of vending machine sales were for cold drinks,

including soft drinks, juices, water, etc.

And if you are thinking of vending machines as just chocolate bars and soda pop,

think again my friend



Healthier snacks outsell traditional snack foods by 300 percent.

In fact, some locales have legislation in place

to mandate healthier choices in food/drink vending machines.



So yeah its alot of upside to starting

a vending machine business.



So now you know the upside

how do we get the ball rolling



1. Find a Location

Now this step is interchangeable with the 1st step

you can secure a location. Get the contract signed first.

Most people would buy a vending machine first

but you don't want to have a vending machine

stuck in your garage and have no money coming in.



2. You need to purchase a vending machine



You can go to americanvending.com

and check them out. This would

be a great resource for anyone looking to start

home based business for vending machine.

You can have the machine sent directly to the location

its to be placed at you wouldn't

have to worry about delivering it yourself.



3. Buy Inventory



Now this is where you need to do your research

You will need to know what type of crowd

your dealing with at the location your vending machine

is serving.

For instance if your vending machine is in

a loaction where there is a gym

You might not want to put just junk food in the machine



4. Set Up A Website



Once you have 1 or 2 locations

You will need to have some typw of website

for your future customers can find you

and learn about what services you offer.



5. Customer Service

You should buy a 1800 number of some sort

thats so you can place that on your mmachine

just incase someone has a complaint

or the machine breaks down.

Don't worry the cost of a 1800 number is less then

$20 a month and you can forward it to your own cell phone

if your still in the beginning stages of your business.



6. Get A LLC or sole propiertorship



You will need this for tax purposes

So after you get your first location

and purchase that vending machine

this step has to be completed.



So there you go 6 steps

on how to start a vending machine business



Thanks for watching my series on how to start a business

it could be home based or online

I break it down the best I can in these video series

if you want more of these type of videos

from me

then click the thumbs up and subscribe