Vending Business Opportunity: Finding The Right One

You can’t open a trade magazine without finding a vending business opportunity or two available for your investment. If you’re like most people, you probably flipped past these advertisements, balking at the high initial investment costs. However, if you’ve ever thought about starting your own company and working only for yourself, there are few better ways to get started than through the lucrative world of selling candy and soda to willing customers. You might not think you could make a living off of quarters, but you would be surprised how many people are doing just that.

To get started, you have to choose a vending business opportunity that’s right for you. There are several ways to get involved. Some of them entail buying an existing route. This is a sort of franchise system. The initial costs may be higher for this type of system, but the workload will be much less. You won’t have to worry about setting up contracts, cold calling local stores, and dragging the machines out to their locations. Everything is already set up—all you have to do now is maintain the machines, refill them, and collect your money.

Another way to get involved is to start from the ground up. The costs for this can be more manageable, but they are still substantial. The machines are not cheap and they will be your responsibility. On the other hand, any profit you make will come straight to you and won’t need to be shared with a company. If you don’t have any experience in the field, however, you may find it difficult to get started, particularly if the market is already saturated.

Keep in mind that you don’t have to limit yourself to the typical snack machines and soda machines. The possibilities for a vending business opportunity are virtually limitless. In certain niche markets, like Las Vegas, they sell anything and everything out of these machines. Ever think of buying foreign language software from such a machine? It’s been done. Let your imagination and market savvy guide you and you may be able to tap into a profitable niche that no one else has thought of.

Finally, a word about fiscal responsibility. Even if you have the savings to buy into a vending business opportunity, you may want to go ahead and take a loan out anyway. If you have a good plan and experience in sales, you should be able to get some startup capital. This will allow you to live off your savings while you wait for your new project to start making you money.