July 7, 2007

The truth about the vending machine business! Plain & Simple.

If you're just now looking at starting a / , I hope that you can take this advice seriously.
I don't believe in playing games with other people's money by talking you into something that I know you can not do.

Is vending for you?  Can you do it?  Can you quit your job doing it?

That's really up to you regardless of what ANYONE else has done.  Many have succeeded in vending….

Many have failed.

Eventhough the vending business in general is about as simple as any business on the planet, I have learned that it is not for everyone. 
Some "try" & "try" with no results.  By "try", I mean… They think about it, ALOT! And, you know, that's all they ever do. Others may do well in the business, but they may not like running from location to location, talking to people, or whatever.  It just isn't their "cup of tea."

Everyone is different with different skills, different hopes, different levels of ambition; but most of us have one thing that draws ALL of us to vending…

THE MONEY.
Work Less, Make More, right?

Well, in some aspects this idea applies to vending, but like everything else, it's not as easy as it sounds. If you think you can GET RICH QUICK in vending, go put all your money into a 5% CD for 18 months so that you won't touch it. Hurry, go now! SAVE YOURSELF!!! :-)

But, if you come into this with a level head & work hard, vending can do very well for you. Depending on your inner drive, you can probably achieve many / most of your goals with vending.

Don't believe the blue sky ,
decide if you're willing to do what it takes,
decide if you can handle being told "no" by prospective locations,
set short & long term goals,
& get the support of your spouse (don't skip this - you know what hell that can cause!). 

And, NO, I didn't do the last item either; but I made sure to succeed for fear of hearing about it for THE REST OF MY LIFE! :-)    She kinda freaked when I quit my engineering job at Lockheed Martin a week before our first child was born in order to do vending full time!  I guess I couldn't blame her…  Sorry, Honey!

Anyway, vending works.  The question is, DO YOU? 
If you can't treat it like a real business, don't waste your time & money.

If you want a real business that is demanding & profitable, get your machines at great prices & stay tuned.
We need to talk about the pros & cons of vs. .

If you've already entered the vending arena, post a comment & let me know how you did - Good or bad. It will help everyone.

Filed under Main, Vending Business, Running A Vending Machine Route by Vender Defender.
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January 20, 2008

John Hershey said:

I am new in the vending business and writing a business plan…the one from the Small Business Admin site. I found a "vending business plan" at this link : http://www.interstellar-solutions.co.uk/Vending_Machine_Business_Plan.html

They want $46 for it. Can anyone steer me in the right direction especially in regards to plugging in the projected financials?

Many thanks in advance.

John

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