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NEW! Is Now the Right Time to Buy Gumball/Candy Machines for Passive Income?
Vending Millionaire? How Much Can I Make?
8 Ways to Pay For Your Vending Machines
Power Tips I Used to Locate 100 Machines in the last Year
Will I Need
Business Insurance?
Use your Home as a
Bank to Pay for Machines
How
Much Time will it take?
Optimum Route
Size
Figuring Your Cost Per Vend for Higher Profits
Quick Ways to Increase Sales, 1
Quick Ways to Increase Sales, 2
What Can I Sell in My Machines?
Hard to Vend Items
5 Things to think about Before Buying Machines
What Type Machines are Best?
What about Vending Locator Services?
Investing Your Tax Refund
Talking to Bankers
The Real Costs of Running a Vending Business
Grow the Person, Grow the Business
Great Business Reading
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How Much Time Will
It Take?
This is a great question which must be considered in
any home-based business opportunity. It is also a question very
difficult to answer because it depends on a number of factors:
How
many machines will you have?
How far away from your home base will you
go?
Do you consider your preparation time together with your time for
servicing machines?
To help answer some of these questions, I'll
give you my perspective from managing over 1,500 bulk vending machines in
a two-state area.
We have a huge area to cover and do a bit
of prep work before we ever leave home. I package my gumballs up in
gallon bags to quickly dispense the product on the route and move quickly
to the next location. I don't count money on the route but place
them in little quart zip-lock bags and label the bags according to my
route sheets. This maximizes my ability to service machines. I
count money after I return home and match the bags to the number on my
spreadsheet for record keeping purposes. The only exception to this
is if I pay a percentage to the business owner. In this case I
usually count the money and pay the percentage before I
leave.
Having stated the previous, I can easily cover 60-80
machines a day and drive 200-300 miles. I start early by servicing
businesses which open at 8 am and continue servicing until after
5pm. This way I can accomplish the most with my time. It might
be 8pm before I return home but this way, I save gas - a huge
consideration for anyone thinking about getting into vending
today.
One important thing to consider is the extra time it
takes to service in a large city. If you have bulk vending machines
like mine (Beaver Machines) it could take 25% longer to service.
Rural areas have less traffic and typically go faster. I also have a
few Vendstar 3000's which are the plastic 3-compartment machines typically
used for candy sales. These take longer to service than a typical
single or double-headed Beaver or a Northwestern
machine.
Don't forget about the extra time you will
need for record keeping. You can use a spreadsheet to record your
account sales in. You'll also need time to take money to the bank,
get your vehicle ready, prepare your taxes related to vending, time to get
new accounts, service calls for broken machines, etc.
Bulk
vending is a BUSINESS like anything else. It will not run
itself. You must be willing to WORK to enjoy passive income from
your assets (vending machines). The good news is that if you are
will to work to set up your routes in the beginning,
you'll enjoy the passive income from the legitimate business and the
freedom which comes from your monthly cash
flow!
Mark Evants
(C) Christmark Enterprises,
LLC.
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