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Topic: Coin Shooters
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I receive a lot of emails from other vendors and readers of my book. I have received a few disturbing emails lately regarding coin shooters.
Some readers have heard rumblings that these machines are being looked at as gambling. Apparently the government might consider them "games of chance."
This has happened in a few areas to those plush doll cranes. For example, in some areas when a coin is placed in a crane the customer MUST win a prize. So much for the $5 prize for 50 cents! Now the vendor has to charge $1 and give away a 25 cent prize. Certain jurisdictions are looking at considering coin shooters in the same light. Imagine what would happen to any potential profit if the customer had to win every time.
If you are looking at getting involved in the coin shooter vending business I suggest you do some research to determine their pending status in your area.
If you would like to learn more about the vending business before you invest your hard earned money in vending machines I suggest you read a FREE report I have written entitled "Vending's Dirty Little Secret". To find out some information most vending machines salespeople don't want you to know click here to get the FREE report!
If you would like to read more about how Patti and I started off completely the wrong way and still built a profitable vending company 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!
Readers Comments
I wanted to thank you for the great information in your e-book. I read it as soon as I received it. I am sure you get many of these types of letters, but I though it wouldn't hurt for you to hear one more story.
I was very seriously considering buying one of the packages you spoke about, machines, location services, product etc. I was actually in the process of rounding up the money. They wanted all the money up front, which actually made me uncomfortable, no 50% down and 50% upon receipt.
So the rest goes without saying.
I also zeroed in on the locating company section of your book. I was so excited to here they would be doing the locating. Silly me, I had envisioned a professional high end company with talented marketing and sales teams calling all there wonderful leads placing my machines in the best of the best locations because they had market research and demographic info on the communities businesses, educational institutions, hospitals, factories etc. and that they had working relationships with them.
Thank you, Thank you! So now if I still decide to proceed with this venture I would be going into it with my eyes wide open. Not sure I want to do it at this point.
Thank you for saving me from a potential mistake...they do not have any of my money or contracts from me. Now if I choose to do this I have some good information and directions as a result of your book. $20 was well worth it!
Thank you so much,
Christine Donohue ..(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
Two Birds With One Stone!
Try to find people who can approve multiple locations when trying to place machines. Property management companies might respresent many apartment complexes. Some business owners have multiple locations. With one "yes" you can secure multiple profit centers.
Coin Shooters