If you're looking to make large sums of money in relatively little time, you need to leverage your knowledge to the hilt. And by far the best way to do this is to find needy sellers (it doesn't matter what they're selling), increase the value of the asset they were selling, and flip that asset to a buyer who intends to use that asset for long term profit.
This is exactly what the most profitable corporations on earth do every single day to earn the big bucks. Ever heard of private equity buyout firms? They buy distressed assets, make some improvements, and then sell them for huge gains.
Heck, this is exactly what real estate flippers did during the hayday of the real estate boom. However, even during the real estate boom, I stayed away from crowded, competitive markets like real estate.
I preferred to compete in markets with little or no competition. In fact, my favorite was -- believe it or not -- bulk candy vending. Absurd as it sounds, you can make serious cash in vending. Let me explain:
Most bulk candy vendors are horrible at evaluating how much their business (asset) is worth. By taking advantage of this knowledge gap, I made money hand over fist on little vending route deals.
So what's the moral of the story?
Find and Buy undervalued assets with needy sellers, improve them, and sell to long term operators. Anyone can do this, if they only put in the SMART, FOCUSED EFFORT it takes to become successful.
Alex Danner has been a successful entrepreneur in many fields, but most notably bulk candy vending. If you want to learn how to make massive profits using little start up capital in this highly lucrative field, go to Smarter Vending and learn more.
Wednesday, October 29, 2008
Saturday, October 25, 2008
Bulk Vending Machines – The Most Popular Ones With Vendors And Customers
Bulk vending machines are everywhere. It is what you sell through these machines that will make or break your business. Of course, the location is important as well, but there are so many different kinds of candy and other products you can sell through the vending machines that it is hard to decide what you should start with. Candy and giant gumballs go over well, as do the bulk vending machines that sell a prize.
There are almost as many bulk vending distributors as there are products that you can sell. These distributors have different models of bulk candy machines. Some of them are single machines, but you can get combo machines where you sell three different products in one machine. The reason they are called bulk vending machines is that they can hold a lot of candy or other products, which means you don’t have to restock them as often.
Usually bulk candy machines dispense a handful of small candy. Although the candy doesn’t last very long, it is a thrill for small children to put in a quarter and receive the candy. They will often want to spend more than one quarter in the bulk vending machines because they are amazed at how it works. You will most likely see these machines where parents take small children, even though adults like the candy from the vending machines too.
Bulk vending distributors will be able to supply you with large quantities of candy for your vending machine business. The candy usually comes in 30 pound bags, so you have enough candy to refill the vending machines several times. The cost of the bulk candy is about $50 a box, which means that you will have a high rate of profit when you sell them all. The bulk vending machines of this nature are not expensive either and you can save money on your investment if you look for used bulk candy machines.
Bulk vending machines are perfect for people who want to start their own small business as a second source of income. You won’t have to service them very often, so using bulk candy machines won’t take up a lot of your time. There are very few parts that can break on these vending machines because the main components are the turning knob and the coin receptacle. When you add in the fact that they do not require electricity, business owners can easily make money on your investment when they allow you to place bulk vending machines at their place of business.
To find out more about Vending visit Peter's Website Vending Explained and find out about Vending Machine Suppliers and more, including Gumball Machines, Candy Machines and buying Vending Machines.
Article Source: http://EzineArticles.com/?expert=Peter_Crump
If you are serious about starting or growing a bulk vending business then this 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
There are almost as many bulk vending distributors as there are products that you can sell. These distributors have different models of bulk candy machines. Some of them are single machines, but you can get combo machines where you sell three different products in one machine. The reason they are called bulk vending machines is that they can hold a lot of candy or other products, which means you don’t have to restock them as often.
Usually bulk candy machines dispense a handful of small candy. Although the candy doesn’t last very long, it is a thrill for small children to put in a quarter and receive the candy. They will often want to spend more than one quarter in the bulk vending machines because they are amazed at how it works. You will most likely see these machines where parents take small children, even though adults like the candy from the vending machines too.
Bulk vending distributors will be able to supply you with large quantities of candy for your vending machine business. The candy usually comes in 30 pound bags, so you have enough candy to refill the vending machines several times. The cost of the bulk candy is about $50 a box, which means that you will have a high rate of profit when you sell them all. The bulk vending machines of this nature are not expensive either and you can save money on your investment if you look for used bulk candy machines.
Bulk vending machines are perfect for people who want to start their own small business as a second source of income. You won’t have to service them very often, so using bulk candy machines won’t take up a lot of your time. There are very few parts that can break on these vending machines because the main components are the turning knob and the coin receptacle. When you add in the fact that they do not require electricity, business owners can easily make money on your investment when they allow you to place bulk vending machines at their place of business.
To find out more about Vending visit Peter's Website Vending Explained and find out about Vending Machine Suppliers and more, including Gumball Machines, Candy Machines and buying Vending Machines.
Article Source: http://EzineArticles.com/?expert=Peter_Crump
If you are serious about starting or growing a bulk vending business then this 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
Saturday, October 18, 2008
Apply Successful Sales Strategies to Your Bulk Vending Machine Business
One of the key areas many bulk vending operators overlook is developing a simple sales strategy for placing their bulk vending machines. Whether you are trying to get single gumball machines placed or large racks of machines in high traffic locations, a good sales strategy is needed. For bulk vending, a "sale" as referenced in this article is a positive decision to allow you to place your vending machine in a business.
Here are some tips to help you begin developing a sales strategy:
Develop a mental picture of being able to go into any business and secure a location. Replay that image over and over to build confidence.
Read material from legendary salesmen to gain experience in how to sell.
Make notes of questions that salesmen ask to move prospects to a point of positive decision.
Make every effort to get to the decision maker as quickly as possible to gain the highest probability of gaining the sale.
Learn to persevere and not take the first "no" as the answer. Many people quit selling after the first "no." You may get 5-7 negative answers before you find a way to gain the decision maker's interest and close the deal.
Develop a sales script you comfortably use to present your service to the decision maker. A script gives you confidence the more you use it in interacting with decision makers. A script can help you focus the value of what you have to offer as well as defuse possible objections the decision maker may have.
Bulk vending is a game of numbers. For every ten new vending machines you place in a business, 2-4 of those machines will have to be placed elsewhere because of low sales numbers.
If you get effective at the selling aspect, you can quickly move your machines around to new businesses and bring your averages per machine up quickly. Good averages mean you can have less machines on location and less money invested in your business yet still have great cash flow. If I could pick one skill to develop more than any other, it would be the skill of sales. It will help you ensure good cash flow year over year, and cash flow is the life blood of any business.
For more tips on selling and other articles to increase your cash flow in bulk vending, please visit my site at www.VendingArticles.net
Mark Evants manages a profitable vending company of 2000 machines in the mid west. For more extremely practical vending tips and articles on increasing cash flow and structuring your vending business visit:
If you are serious about starting or growing a bulk vending business then this 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
Here are some tips to help you begin developing a sales strategy:
Develop a mental picture of being able to go into any business and secure a location. Replay that image over and over to build confidence.
Read material from legendary salesmen to gain experience in how to sell.
Make notes of questions that salesmen ask to move prospects to a point of positive decision.
Make every effort to get to the decision maker as quickly as possible to gain the highest probability of gaining the sale.
Learn to persevere and not take the first "no" as the answer. Many people quit selling after the first "no." You may get 5-7 negative answers before you find a way to gain the decision maker's interest and close the deal.
Develop a sales script you comfortably use to present your service to the decision maker. A script gives you confidence the more you use it in interacting with decision makers. A script can help you focus the value of what you have to offer as well as defuse possible objections the decision maker may have.
Bulk vending is a game of numbers. For every ten new vending machines you place in a business, 2-4 of those machines will have to be placed elsewhere because of low sales numbers.
If you get effective at the selling aspect, you can quickly move your machines around to new businesses and bring your averages per machine up quickly. Good averages mean you can have less machines on location and less money invested in your business yet still have great cash flow. If I could pick one skill to develop more than any other, it would be the skill of sales. It will help you ensure good cash flow year over year, and cash flow is the life blood of any business.
For more tips on selling and other articles to increase your cash flow in bulk vending, please visit my site at www.VendingArticles.net
Mark Evants manages a profitable vending company of 2000 machines in the mid west. For more extremely practical vending tips and articles on increasing cash flow and structuring your vending business visit:
If you are serious about starting or growing a bulk vending business then this 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
Saturday, October 11, 2008
What I Like Best About Operating a Bulk Vending Business and the Passive Income it Provides
If you have ever considered whether a bulk vending business is for you, read on. First of all, bulk vending deals with selling products "in bulk" such as gumballs, candy and toys in small vending machines typically for 50 cents or less. I have been in the business five years now and operate over 2,200 machines in a two-state area. I love this business and REALLY love the passive income aspect! Passive income is money which is generated without you having to physically be there
Most of all, I like being in business for myself and setting my own schedule. The choice to work 90 hours or 10 hours a week is mine. I even have some entire weeks off because of the way I manage the business. You can creatively structure great flexibility in your schedule even though you may be "full-time" in the business as I am.
The business is an easy business to run with a minimum of expertise required. The greatest thing I could recommend to you is to learn from those who are successful in this business. Two or three good decisions can translate into great cash flow being produced for you.
Besides being easy to run and flexible on the schedule side, it is easy to grow the business by reinvesting your profits. I know at least two people who started in their teens and kept expanding until they had businesses with machines in the hundreds making good money.
Is it good for you? Only you can decide. Many vendors like it because of the Passive income aspect and the flexibility aspect. Bulk Vending can be easily "tested" with only a few machines and a minimum investment to see if it fits with your personality and abilities. I invite you to visit our site and read over many of the articles catering to those new to bulk vending and those considering it as a first time home business. You will be able to pick up tips to help you better evaluate this potential profit-maker for you and your family.
Mark Evants manages a profitable vending company of over 2,200 machines in the mid west. For more extremely practical vending tips and articles on increasing cash flow and structuring your vending business visit:
http://www.vendingarticles.net - Tips and Articles for PROFITABLE Vending!
Most of all, I like being in business for myself and setting my own schedule. The choice to work 90 hours or 10 hours a week is mine. I even have some entire weeks off because of the way I manage the business. You can creatively structure great flexibility in your schedule even though you may be "full-time" in the business as I am.
The business is an easy business to run with a minimum of expertise required. The greatest thing I could recommend to you is to learn from those who are successful in this business. Two or three good decisions can translate into great cash flow being produced for you.
Besides being easy to run and flexible on the schedule side, it is easy to grow the business by reinvesting your profits. I know at least two people who started in their teens and kept expanding until they had businesses with machines in the hundreds making good money.
Is it good for you? Only you can decide. Many vendors like it because of the Passive income aspect and the flexibility aspect. Bulk Vending can be easily "tested" with only a few machines and a minimum investment to see if it fits with your personality and abilities. I invite you to visit our site and read over many of the articles catering to those new to bulk vending and those considering it as a first time home business. You will be able to pick up tips to help you better evaluate this potential profit-maker for you and your family.
Mark Evants manages a profitable vending company of over 2,200 machines in the mid west. For more extremely practical vending tips and articles on increasing cash flow and structuring your vending business visit:
http://www.vendingarticles.net - Tips and Articles for PROFITABLE Vending!
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