How Do You Run A Vending Machine Business?
The vending machine industry is a multibillion-dollar industry and continues to grow. Society is more fast-paced; people need stuff on the go and they don’t always have time to wait on line at the grocery store or deli. Even small gumball vending machines can turn a great profit for a vending machine business owner. An investment of a few pennies per gumball can bring a return of 900 percent or more when sold for a quarter. In addition to profits, a vending machine business can offer the owner a more relaxed and enjoyable lifestyle when operated properly. Determine what types of products you want to sell. Will you sell food, drinks, candy or a more creative in-demand product such as CDs or DVDs? Examine the potential profit margin of each type of product. Decide on at least 20 potential high-traffic locations in a 25-mile radius that would be receptive to a new vending machine containing your chosen product. Check out the competition in your area. It doesn’t make sense to try to put ye
