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ARTICLES:
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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Power Tips I Used to
Locate 100
Bulk Vending Machines in the
Last Year
We have all heard
in real estate that, "location, location, location" is the most important
thing in selling a house. For bulk vending, the location you put your
machine is equally important to your business cash flow.
Being able to locate a machine yourself is one of the greatest assets you can personally develop in this business. Period!
Here are 15 of my favorite places to put gumball, candy,
and/or toy vending machines:
1. Restaurants
2. Repair
shops
3. Clinics (of all kinds)
4. Hair salons
5. Farm supply
stores
6. Oil change and lube stores
7. Auto parts supply stores
8. Trucking companies
9. Car washes
10. Car dealerships
11. Salvage yards
12. Hardware stores
13. Tanning salons
14. Day cares
15. Lumber companies
Keep in mind that a
good location for your machine does not always mean a place with lots of
traffic. High traffic areas give you a higher probability of getting
sales. The problem you run into with high traffic areas (like many of the
ones above) is higher competition from other vending operators
which bring down your sales. In my opinion, one of the things which
decreases the value of a location the most is high competition. Therefore,
the list above does not necessarily contain the best places in every given
city. If your machine is one of six or eight others on site, you may only
get average or below average results from the location. This may be good
enough to retain the account, but keep in mind the saying, "there's more
fish in the pond."
I love to go to places where other vendors
don't go. This means other cities as well as other types of accounts.
Don't be afraid to experiment with non-traditional places to put your
machines provided the location seems safe for the machine. It only takes
one employee to support a bulk vending machine! I have accounts where one
person spends twenty dollars a month. It's your job to find that "one
person" where no other competitor has thought to put a vending machine.
A good rule of thumb I have found in securing locations for
machines is that for every ten machines:
* Six
machines will produce "average" results and will be good
"bread-and-butter" accounts
* Two machines will have poor
results and will have to be relocated
* Two machines will
have excellent results and will motivate you to find even more accounts!
After locating over 100 machines in the last year, these numbers above have held up accurately. These numbers have also stayed consistent over the five-year period I have been involved in this business. In many ways, vending is a numbers game. Be encouraged and motivated in your efforts to secure new locations. You next account may be that incredible account that puts $100 in your pocket every time you collect!
Mark Evants
(C) Christmark Enterprises,
LLC.
DISCLAIMER: This article is not a personal
recommendation to start a vending business or buy machines. This
article is not investment advice. Always use professional help
such as accountants and attorneys when investing in ANY area including
vending.
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