Most new vending machine operators venture into the soda vending business without knowing some of the unique risks these vending machines have. I, as a former vending operator have run a soda vending route as well as other sorts of vending machines and I must say, soda vending machines are the most complicated to run properly. For this reason, I'm here to share these five tips for anyone starting a soda based, vending business.
Tip One: purchase a work van. Soda bottles are heavy, bulky and inefficient to be carried around in your car. Most soda vending machines have huge capacities (100-300 sodas can be put into a vending machine) this means if you own more than one soda machine and you happen to be refilling them on the same day, you could be carrying up to 300 sodas in your car! Save yourself this trouble by making the good investment of buying a van, which are more professional, easier to load, and more fuel efficient than a car.
Tip numero dos: Buy wholesale! Whether you are buying your machine's supply wholesale, or the vending machines themselves wholesale, always buy in bulk. Wholesalers make money by selling large amounts of a product at once (at a reduced price) while you save considerably by buying wholesale, is a win-win situation for both parties. Although you might not feel extremely confident buying large amounts of something you have yet to use, remember that you will probably have to buy it sooner or later, it might as well be wholesale.
Tip number three: Your machines must be visible. If you are going for a soda vending machine business, remember to make your product visible and noticeable. "Branded" vending machines are a good choice if you are willing to sign a legal contract with a beverage company to use their vending machines.
Tip four: Price your machine's products accordingly. Unlike candy or snack vending machines that offer huge profit margins, soda vending machines rely on number. With this said, in some locations it will be worth more increasing the price of your vends and reducing the amount of costumers, than having a low price and TOO many costumers. Profit is everything in a business, and sometimes we must raise prices in order for the business to make sense.
Last Tip: Pay your taxes and legalize your business. Although this might seem obvious, most new vending operators forget this crucial step. Whatever business ventures you get involve in, is always worth legalizing it. Check your state's law regarding vending machine businesses, most of the time there is a certain number of vending machines that must be generating you income before its require to be legalized and taxed.
Tip One: purchase a work van. Soda bottles are heavy, bulky and inefficient to be carried around in your car. Most soda vending machines have huge capacities (100-300 sodas can be put into a vending machine) this means if you own more than one soda machine and you happen to be refilling them on the same day, you could be carrying up to 300 sodas in your car! Save yourself this trouble by making the good investment of buying a van, which are more professional, easier to load, and more fuel efficient than a car.
Tip numero dos: Buy wholesale! Whether you are buying your machine's supply wholesale, or the vending machines themselves wholesale, always buy in bulk. Wholesalers make money by selling large amounts of a product at once (at a reduced price) while you save considerably by buying wholesale, is a win-win situation for both parties. Although you might not feel extremely confident buying large amounts of something you have yet to use, remember that you will probably have to buy it sooner or later, it might as well be wholesale.
Tip number three: Your machines must be visible. If you are going for a soda vending machine business, remember to make your product visible and noticeable. "Branded" vending machines are a good choice if you are willing to sign a legal contract with a beverage company to use their vending machines.
Tip four: Price your machine's products accordingly. Unlike candy or snack vending machines that offer huge profit margins, soda vending machines rely on number. With this said, in some locations it will be worth more increasing the price of your vends and reducing the amount of costumers, than having a low price and TOO many costumers. Profit is everything in a business, and sometimes we must raise prices in order for the business to make sense.
Last Tip: Pay your taxes and legalize your business. Although this might seem obvious, most new vending operators forget this crucial step. Whatever business ventures you get involve in, is always worth legalizing it. Check your state's law regarding vending machine businesses, most of the time there is a certain number of vending machines that must be generating you income before its require to be legalized and taxed.
About the Author:
After reading this article, if you wish to learn more about the vending machine business, make sure to visit my blog or follow me at ezines.com. Check here for free reprint license: 5 Tips For Running A Soda Vending Machine Business.
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