New technology in vending machines is amazing.
There are now vending machines that allow you to download statistics on purchase and inventory without opening the machine. There are new machines that will allow customers to use debit and visa cards. There are new machines that can be hooked to the internet to inform the customer of any problems and product levels. Future technologies will include flash frozen machines and more smart features. I wonder what will happen to the 25cent turn vendor when cash is eliminated from our society (That's what the banks are working on).
Beware: before you spend too much money on a new vending machine I suggest you wait until the bugs are ironed out and the technology catches on. Don't get caught like the people who bought Beta vcr's. Technology will simplify our businesses in the future and the changes are being tested already.
I enjoy trying to anticipate what the will be showing at the next vending convention in terms of the new technology vending machines.
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!
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Readers Comments
Great reading...very eye-opening...likely saved me some huge money.
I was just past the second stage of 'interviews' for (company name witheld), from the
franchise show, when I bought and read your book.
That $20 likely saved me thousands.
Joe L
..(email on file)
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Read More Readers Comments
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..
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Today's Vending Business Tip
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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.
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