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Friday, June 27, 2008

Can Bulk Vending Reduce Your Work Hours?



Let's face it, working full time is tough and we would all rather be on vacation in Key West or the Bahamas instead of working our fixed non flexible 40 hours of work a week. You more than likely work 5 days a week from 9-5pm. If you work less than a 40 hour week you can feel very lucky as long as you are making a full time income working the part time hours.

Many in other countries work many more than we do though. Many in Asia work from 5:30am to 11:00pm six days a week. Instead of looking forward to 2 to 3 weeks vacation a year a worker may get 3 days off each year.

The following are the top hardest working countries and the average number of hours worked per year by each group.

1. South Korea - 2,357

2. Greece - 2,052

3. Czech Republic, Hungary, Poland - tied with close numbers in the 1,900-2,000 range

So the next time you want to leave work early you can be grateful you can and really enjoy that vacation time this summer.

Many people that run bulk vending routes do have the luxury of working less than the normal 40 hours a week. Of course it is still work and depending on how large your route is you may end up having to work full time. But if you have a profitable vending route you can usually work the hours you choose which is the beauty of it.

Other people work other types of businesses in conjunction with their bulk vending business. A really great business to start is buying bulk wholesale or liquidation merchandise and products, break it down into smaller lots and reselling it on Ebay, at Flea Markets or even at garage sales. If you think you might be interested in buying wholesale and liquidation clothing, jewelry, cosmetics or electronics in bulk and reselling it for a profit a great place to search for these types of products is at a website called Wholesale611.com They have great featured auctions and if you type in the search engine something like junior clothing, electronics, cosmetics or jewelry you will see the current bulk lots for that category with live auctions you can bid on once you do the free sign up. Check it out as it is just another way to make money at home without having to do the 9-5 and gives you more security than working for someone else. This type of business can be worked in combination with your bulk vending business and can be done working a few hours a week.

Keep on Vending.

The Bulk Vending Blog that Educates You!

Friday, June 20, 2008

Can You Tell Me What is Bulk Vending?

The vending industry is a huge multi-billion dollar per year industry. Bulk vending
represents less than 1% of the total vending industry and is distinct and unique
from the other electrically operated vending machines.

Bulk vending refers to the sale of unsorted confections, nuts, gumballs, toys and
novelties (in capsules) selected at random by the customer and dispensed
generally through non-electrically operated vending machines.

Some bulk vendors operate electrically operated machines which consist of animated
novelty and toy vending machines that dispense capsules containing the small
toys and novelties and kinetic gumball machines.

The vending industry is a huge multi-billion dollar per year industry. Bulk vending
represents less than 1% of the total vending industry and is distinct and unique
from the other electrically operated vending machines.

Unique features of bulk vending are that the
machines tend to be smaller and less expensive.

Health and safety concerns are
minimal.

Bulk vending machines also tend to vend products for 50¢ or less.


Bulk vending machines can be of any number of types from single head
machines, double head machines, triple head machines and so on.


The vending business is a difficult business in which hard working men and
women are able to make a decent living. Some of our larger operators are quite
successful.

This is not a "get rich quick" industry, nor is profitability assured.
Competition is intense among the operators, distributors and manufacturers. Our
members work hard, long hours. This is a business for "hands on" people - not
passive investors.

Even though I will say that there are many that do it just for what they describe as passive income by keeping their routes small and servicing them on a limited basis. This prevents them from expending large amounts of time working the routes thereby helping in their situations to make it more of a passive income while working on other interests.

Operation of vending machines is a business. You should keep sale records to
determine if your locations are profitable. If they are not, be prepared to move
and lose the location. There is constant turnover of locations. Stores close, store
managers decide to do business with another operator, machines are stolen or
destroyed, etc.

If you are an independent small businessman, the start up of a small business is
almost always a risky venture. If part of the business is not working out, change it
before you go through all your capital and savings.

If you overpay for your machines, products and location, your chances of success are minimal. Be
skeptical of promises of promoters and do not be impressed by beautiful
brochures and glossy pictures. Investigate. Check references carefully and read through our vending blog to get every piece of information available to start into this business with a minimal capital investment and work it slow but steady.

If you are serious about starting or growing a bulk vending business then this Getting Great Vending Locations Ebook is a must. Learn from the Expert Ronnie Talent and start truly building a profitable vending route.

Click Here to Order ---> Great Vending Locations Course

Keep on Vending!
The Vending Blog That Educates You.

Saturday, June 07, 2008

Finding Great Vending Locations

Here is an interesting article that has some good information in it, enjoy.

The vending business is actually very simple. All you need to do is find a good place to put a vending machine, put the right machine there and provide good service. The starting point is the location and not the machines. Many beginners decide that they are experts in the vending business after looking at a few web sites and getting some information from a few different companies. They pick out a particular vending machine, buy 20 of them and then go out and try to find places to put them. These people are getting the cart ahead of the horse. It is much better to have a location identified first then place the right vending equipment there to best meet the needs of the location. A location with 30 employees requires different vending equipment than does a business with 120. The larger the location also requires a different mix of equipment.

A business owner told me once that a man approached him one day with a gumball machine and asked me if he could put it in his entryway. The business owner declined the offer because he already had several bulk machines in his store. He said "the man scurried away, got into a station wagon full of gumball machines and drove off." "Funny thing was", he said. "Our cold drink machine just down the hall had an out of order sign on it but he did not ask us if we needed soda, he asked if we needed a gumball machine." The point I am trying to make is that you need to follow the logical flow and fill a need. The best fit is to provide the location with what they want or need and you do not know what they want until you ask them.

A lot of people starting out in vending assume that to place vending equipment you have to run out and find a business that has no vending machines. What happens is that these people find locations too small to be profitable. That is why there is not any equipment in there now. Experienced vendors have already passed this location by because they know that these locations will not be profitable. Without any doubt the most effective way to find a good vending location is to go to high traffic businesses that already have vending machines. Then ask them if they are happy with the vending service they have now. You may have to visit 20 businesses to find one but it could be well worth it. Some locations gross $5000 per year while some can earn in excess of $100,000. I know of one case where a woman had one 10 selection can soda machine in a junior high school that earned $1000 per week during the school year. This 500 can machine sold out every day at a .50 profit per can. You do the math. Can you make a lot of money in the vending business? Absolutely! Is it easy to find good locations? Yes-if you are willing to go out and find them. You do not have to hard sell. It is not so much a matter of trying to convince a business to switch as it is finding the ones that are already unhappy with the vendor that they are currently using. Right now somewhere not to far from you is a good vending location that is disgusted with their vending service. Their complaint will always have to do with bad machines or a poor level of service. Either the machines are old, they are always empty, the vending company does not return their calls for two weeks, etc. What is ironic is that many are scared to death of big vending companies, but they are the easiest to take accounts away from. This is because these companies have gotten too big. Their employees tend to be a couple of part time flunkies who do not really care about the customers and are just going around filling the machines. They do not care about the appearance of the equipment or the satisfaction of the customer. It is just a job to them.

Pick out a business that has at least 30 people there each day. Maybe it is a brake shop with 7 employees but 50 customers coming in to sit in the break room Monday through Saturday or maybe it is a trucking company with 50 office workers and 40 drivers coming and going each day. Go in and ask, " who is in charge of the vending service here?' they will tell you "Sally Jones." You thank them and ask speak to Sally. "Hi Sally, my name is John Smith with Smith Vending. How are you today?" Great! I won't take up much of your time. I just wanted to drop off my card in case you might need my vending services sometime and by the way, are you happy with the vending service you have now? Is there anything at all I can do for you? In most cases the prospect will tell you that they are fine with their current vendor and to check with them another time. In these cases be sure to leave your card because some of them will call you a few months later when things change. When you come across the right one you will get a response like: Wow, you must have ESP!" We were just talking about how unhappy we are with our vending company at our last meeting." What can you do for us?" At this point you need to gather information about the account. What machines do they have now? Why are they dissatisfied? What are the vending prices etc. You can use the vending location survey form in the free vending business forms section of this site. You will look more professional if you go through this form with them. Your goal is to give the location what what they wanted in the first place-good vending machines and good service.

Starting out you need to approach locally owned businesses where you can reach the owner or decision-maker. Schools. hospital and factories are the big three moneymakers in vending but the process to gain access can be lengthy and complicated. Take the path of least resistance and start with medium sized independently owned establishments. You will also build a naturally diversified business faster that can be worth a small fortune later. Consider that a vending company with 70 machines doing even only $300 per month per machine can be sold for what is grosses yearly - $252,000! It is just a numbers game. If you go to enough businesses you will find a location. When you do get the location, go through the process and place the equipment there before you move on to find another. I have yet to see anyone who truly wanted to find a location, not find one. They really are out there if you are committed to this business and are willing to look for them. Some people simply do not have time to find their own locations but others simply don't want to. If you are in the later group you are not likely to make it in this business because sooner or later you will have to. The good news is the longer you are in the business the easier it gets. Many vending companies get to the point where they turn locations away after awhile. Word of mouth and daily contact usually lead to many more locations, especially if your customers like your machines and service. If you have any questions about starting your own business, please do not hesitate to E-mail us. We will be glad to answer any questions that you have.

If you are serious about starting or growing a bulk vending business then this Getting Great Vending Locations Ebook is a must. Learn from the Expert Ronnie Talent and start truly building a profitable vending route.

Click Here to Order ---> Great Vending Locations Course

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