Content referenced from vendinghow.com.

Large sums of money are possible selling gumballs, candy bars, chips, and soda but you must analyze the most critical three keys to success - Location, Location, Location. Cramer says the obvious best locations are those with high traffic volumes. At first, there is usually the "novelty effect" within the first few months; then it will taper off.

A good tell is gauging the machine performance in the first few months. If it is not performing well, in the beginning, chances of success at that location are not good. On top of commissions, proving you have the expertise to service all stores, overcoming pre-set regulations & agreements, only a few of the well established vending companies will close those accounts. On the other hand, vending professionals will hit the local mom & pop stores, as being able to talk to the owner is key to getting into a location.

For larger establishments, if a full-size vending machine already exists in an establishment, maybe their service, selection, prices, or commissions are not meeting their expectations. In this situation, you could persuade the owner to switch to your services instead.

Best and worst places for smaller bulk candy machines, best locations are in car lots, car repair shops, salons, hardware stores, thrift stores, dollar stores, restaurants, and bars. You must study the flow of people or how long people wait for service.

Lastly, if your vending machine is located at the back corner of a location, it will be tougher to get customers. Place the vending machine towards the front door if possible, presenting it as an asset to their customers and employees, not an eyesore. "Don't be afraid to place your machine right next to your competition and offer a better, cleaner product."

Leadrop CEO, Joyce de Armendi, says "This is one of the main reasons we built Leadrop. Many times an owner leaves a poorly performing machine at a location, just because they have nowhere else to place it. Business offices are constantly (daily) asking for vending services - they want vending machines! We are here to pass these leads to those who can service them."

0 Comments