I had a few personal experiences with the vending
business category of potential home based businesses. I'll
discuss the vending business most of us think of and that is candy,
snacks, maybe even soda and health drinks.
There are hidden costs that most of us would not
think of and are not told when reviewing a possible vending business.
Here's a few that you might want to consider before trying an
"opportunity". Candy and food for example will not last forever. If you
don't track sales well, you will have a certain amount of product that
will not sell and will essentially be stale. Factor this into your
weekly costs. I know for a fact that on a weekly basis, a lot of
vending machine products must be tossed out or in most cases the vendor
gives it away at the location they have the machines installed.
Now add in the other hidden costs: vending machine
repairs and vandalism. Also you likely will need to set up a system at
the location(s) where you set these machines up to offer the location
owner a cut of your sales. If you aren't handy in repairs, that alone
may be enough of a deterrent.
I would not recommend any candy-machine-vending-reviews-snack-vending-machine-candy
businesses at this
time. The profit margin can be minimal when you consider ALL costs.
Then add in your travel time placing the units, finding the best
locations, tracking what sells and what does not, repairs and losses
due to items that do not sell, hauling machines around, I believe the
only folks that are making any "easy" money are those that are selling
the vending machines. I recently spoke to a vending business owner who
is 2nd generation owner and they agreed the business is not an easy one
to make a good profit.
If you have any different experiences, please
e-mail or call me and I will be happy to spread the word.
There are much easier ways than vending businesses
to make part time or full time money which I can show you.
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