Vending Business Opportunities Abound - Do You Have A Vending Franchise Personality? by Jason Stark
Are you looking to start a vending business? There certainly are plenty of vending business opportunities all around you. But what would be the best turnkey business vending opportunity for you? There are vending routes for sale with DVD vending machines, food vending machines, condom vending machines, soda machines, candy machines. You can do gumball vending, coffee vending, cigarette vending, soda vending, snack vending, coin vending, beverage vending. And if you are into health foods, there are healthy vending opportunities, water vending opportunities, and more.
Certainly, vending business is one of the best turn key business opportunities. It offers a promise of easy profits: Once you build or buy a new route, all you need to take care of is monthly maintenance, upkeep, and collecting money. If you can do everything in a few days, you can take the rest of the month off!
All is not so straightforward though. There are some skills or personality traits that you need to possess or learn in order to be successful in starting a profitable vending business opportunity. Let's see if you have these or if you are willing to learn them to become a vending business success story.
People skills
You wouldn't normally think that vending business requires people skills. It does. When you are looking into places and businesses where your vending machines should go, contacting business owners and talking to them about your proposal requires people skills. Likewise, maintaining good working relationship, even on a very occasional basis, requires people skills.
Bookkeeping skills
When you are ready to bring your business to the next level, you need to keep books of your properties. You need to take notes of the revenue, expenses, and losses in individual spots. This is the only way you can grow your route to the level where it goes on auto-pilot and gets you a steady stream of income. You simply need to be able to look into your books and decide which locations are profitable and which are not. And you need to be able to run experiments with different machines in different locations to maximize your profits. This all requires good bookkeeping skills.
Business skills
There is always something new happening in the vending machine business. These days, for instance, DVD kiosks are all the rage. Even Blockbuster Entertainment is looking into changing their business model to place a whole lot DVD and BluRay vending machines out there. In order to grow your business you need to have business sense to look into new opportunities, evaluate them, and have the guts and the resources to move in new directions when the analysis warrants it. If you neglect the business aspect of a vending machine route, it will become a job, and a job with no future at that.
Do you have these three types of skills? Are you willing to learn to enjoy your recurring income? Good! For additional information on vending machine business, check out http://vendingroutes.org. For more details on manufacturers of vending machines, see vending machine business.
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