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Articles Categories:
 How to Set up My Vending Business
Tips for Increasing Your Cash Flow
Looking for New Accounts/Marketing
What to Look For in Machines
General Business Articles for Success
General Articles for Your Success
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What Can I Sell in My
Vending Machines?
Fortunately, there are a variety of items that can be
sold in Bulk Vending machines. Finding the right products are
essential to a successful home-based vending
business.
GUM
The most popular item with
the best profit margin is gumballs. The exception to this is if
you have "speciality" gum which can be as expensive as candy.
Generally Gum will yield a cost-per-vend of around 2 cents per Gumball
with "Chickle" gum over a penny more. This may not sound like much
until you figure gas, charity or commissions to the business owner, loans
on the machines, etc. Your "quarter" can quickly dilute to a dime
after you take out your expenses.
TOYS
Another
category of items you can sell are toys. Sometimes vendors forget
that these can be very profitable even though your net profit (profit
after paying for product and other business costs) may be lower than candy
and gum. Just be sure your machine has the correct "wheel" or
mechanism which will allow you to correctly dispense the toys without
jamming or not giving product for a sale.
A business with a high
volume of customers with children is the best suited place for your toy
machines. I have even put them in courthouses and other public
places that you wouldn't typically think of as good for toy
vending.
CANDY
What about CANDY? Most
vendors are using Runts, Skittles, M&M Peanuts, Hot Tamales, Mike and
Ike's, Reeses Pieces, and Boston Baked Beans. Most of these
can be purchased at Sam's Clubs and other warehouse chains. Be
careful about ordering candy online unless you are ordering in large cases
and you have checked out the prices.
NUTS
This
is not a favorite of mine, but it can be done profitably with high volume
and cheaper nuts like peanuts and maybe a few cashews mixed in.
Again, you've got to know how much it costs you to vend it (see related
article).
Look in other articles as I discuss how to figure your
profit on a bag of candy, gum, or toys.
It is very
important that you are aware of HOW MUCH product you dispense each time so
you make enough profit to pay for your investment in your machines.
With prices going up, it may be necessary to keep cutting back on the
amount vended to stay profitable.
Do not hesitate to
use professional help on figuring out your margins. That's what
professional people like accountants are there
for.
Mark Evants
(C) Christmark Enterprises,
LLC.
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