|Back to Back Issues Page|
Vending Business Information, Issue #011 -- Snack And Soda Vending Machines - The Five Important Lev
April 09, 2011
Snack And Soda Vending Machines - The Five Important Leverages For Your Business
No other business is so clearly a business of leverages as the snack and soda vending machines business. When you take advantage of all the leverages that are available to you, you can really achieve the ideal of working a few hours per week yet earning a solid above average income. The leverages are: Using other people's locations, Using other people's brand awareness, Using other people's money, Using other people's expertise, and Using other people's mistakes. Let's take a look at all of these!
Other people's locations leverage
If you start the snacks and soda vending machines business right you will never have to own or lease a piece of property to run a snack and soda vending machines business. The relationships with the store owners and location managers will enable you to leverage their locations and generate sales. At the same time, you will provide service to the owners by bringing more foot traffic to the store, and you will possibly be sharing profits with the owners.
Other people's brands leverage
Have you noticed any famous cola billboards around town? Well as long as you carry the same famous cola drinks and snacks in your cola vending machines you are leveraging these famous brands. The brands do all the marketing and you collect the profits. A sweet deal. And all the other major brands that you find in soda drinks machines and snack machines spend a ton of money on advertising too.
Other people's money leverage
This is a classic. It is usually not hard to get a bank loan to start a vending business. Banks understand the business well enough to be willing to lend you the money when you have good credit and some collateral. They understand that snacks and soda machines sell well. When buying a vending route from an individual, though, ask them first if they would be willing to do seller financing of your route and simply be paid from the monthly profits. This is also a great test of how truthful they were in describing the profitability of the vending route.
Other people's expertise leverage
Especially when you are buying into any vending franchise, such as snacks and soda vending franchise, you should receive thorough training, including training materials and live trainings from the company. This is one of the main things to look for in a soda and snacks machine franchise company, in addition to offering a vending machine that appeals to the masses. In addition, some companies will offer you help in placing your machines to new, high profit locations as well. Take advantage of such expertise and connections to start making profits right away. When you are buying a vending route from an individual, you can likewise pick their brain on which locations work best and which locations only produce average results.
Other people's mistakes leverage
When you are patient, and when you take time to peruse the local and online sources of vending routes for sale, you will be able to take advantage of other people's mistakes when getting started in a vending machine business. Very likely, they will have been lured into the business with the promise of easy profits, but they were not prepared to work on establishing a profitable route first. So you get access to a pile of brand new cheap soda vending machines. A great start to a new soda and snacks vending venture.
For more information on starting a vending machine business, see vending machine franchise.
Article Source: http://EzineArticles.com/ Vending Business Information
|Back to Back Issues Page|