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Topic: Canadian Vending Business
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The Canadian vending business is almost identical to vending in the US with a few exceptions. We operated a vending business out of Kitchener/Waterloo for almost 15 years.
The Americans call Coke and Pepsi soda, Canadians call it pop. But the real difference comes in the availability of certain products, the coinage, government regulations and machine pricing. The Canadian mint has changed most of the currency in the last 10 years forcing Canadian vending operators to constantly update coin mechs. There is a larger selection of vending products available to Americans especially in the area of frozen meals and meals for food machines. Various Canadian governments seem to want to get involved in vending regulation (especially in schools), without compensating the Canadian vending business for the constant changes in currency (Me, bitter?). And since the Canadian dollar was worth much less than the USD for the past many years the price of machinery has been higher. That being said it seems Canadian vendors are charging more for most of their products. This increased price seems more acceptable to Canadians than similar price hikes in the States.
On whole the Canadian vending business is growing and there are still lots of opportunities for a business minded operator.
To learn more about the REAL vending business before you invest, I have written a FREE report entitled "Vending's Dirty Little Secret". To get your free report and discover the information most vending machines salespeople don't want you to know; click here to get the FREE report!
To read more about how we started our vending business TOTALLY WRONG and then recovered and built a VERY profitable vending operation click here- Rob Farnham (author of "Small Change, Vending Insider Secrets Revealed")
An actual owner/operator of a full line, full time vending business for many years!
Testimonial
Mr. Farnham,
I just purchased your ebook and wanted to say ...thank you. Within the first 10 minutes of reading you verified some of my fears and just helped to keep me from blowing 15.8k to ($#$%$%@$) and their "we'll get you the locations" and "everyone in small business is starving for machines" etc.. The same ol'crap I see since you quoted these guys almost word for word, it was eerie.
I am not running out to give them my check "before I lose my good marketing area" tonight as I had debated, I can sleep soundly now. I intend to still pursue the vending biz but will now be smarter in my moves. Thanks again for the help!
P.S. Feel free to use this as a testimony
Chuck Dougherty (15.8k happier!) ..(email on file)
Have you wondered why it is so hard to find legitimate information about the vending industry? How can people actually lose money in the vending business? Do you know the 3 Questions to ask a opportunity salesman to find out whether he's a scam artist or not? Would you like to know a simple way to start a vending business with very little or no money (FREE machines)? To receive your FREE REPORT Vending's Dirty Little Secret click here..
Today's Vending Business Tip
If you are considering buying an electronic machine make sure it is has "multi-price" capable. Being able to offer different pricing in snack and soda machines allows you more flexibility in product selection (and profits).
Current canadian vending business news;
YoNaturals Makes Its First Move Into Canada with Natural and Organic Food Vending Machines (Business Wire via Yahoo! Finance)
SAN DIEGO----YoNaturals Inc., a Solana Beach, Ca., company that markets a healthy alternative to junk food vending machines, has launched its first Canadian branch in Edmonton.Barrick Gold, Canadian Imperial Bk Settle ABCP Dispute-Report (The Forex Market)
NEW YORK (Dow Jones)--Barrick Gold Corp. (ABC) and the Canadian Imperial Bank of Commerce (CM) have settled their squabble over asset-backed commercial paper, removing another roadblock in the CR32-billion plan to restructure the ABCP market, Toronto's Globe & Mail reported in its Friday editions.ICE US Equity & Currency Closing Estimated Volumes For May 8 (The Forex Market)
Estimated Volume Report for 08-May-2008 Total Call Put Total Commodity Futures Opts Opts Opts FINEX AUS$/US $ 0 0 0 0 Aus. Dollar - N.Z. Dollar 175 0 0 0 Australian $-Canadian $ 184 0 0 0 U.S. Dollar - Aus. Dollar 0 0 0 0 Brazilian Real-US $ 0 0 0 0 Colombian peso-US Dollar 0 0 0 0 U.S. DOLLAR INDEX 4842 47 20 67 Euro Index 0 0 0 0 EURO-Japanese Yen 1299 0 0 0 EURO - US $ 452 0 0 0 Euro-Canadian ...Canada Afternoon: C$ Ends Lower As Sentiment Turns Negative (The Forex Market)
TORONTO (Dow Jones)--The Canadian dollar ended significantly lower Thursday as a wave of negative sentiment buffeted the currency after its failure to break above parity with the U.S. currency on Wednesday.
Canadian Vending Business