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Topic: New Vending Machines
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New vending machines? Most locations have no idea whether a machine is brand new or just refurbished.
The only person who knows and cares whether a machine is brand new of not is the vendor, and the banks loans officer. Obviously, the more you pay for a machine the longer it takes to be profitable. Refurbished machines can offer significant savings. Our philosophy was that we would only buy new machines for proven, established high volume locations. We always put in used machinery to test a locations volume. If the location proved to be very profitable we would consider buying new machines (to keep the location happy) and take the older machines out and find a new location for them.
Most new operators make the mistake of purchasing expensive new machines before they know what the revenue of a location will be. And, if someone tells you they can predict locations revenue, they are lying to you!
Did we buy new vending machines, yes. But it's not a good way to start.
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
Hi Uncle Rob!
I wanted to let you know I really enjoyed the information in your book. It was very helpful and easy to understand. I am just getting into vending and I almost bought one those "business opportunities" the only reason I didn't is because I refused to go into debt for something I did not have to. They would not sell me one machine they wanted to sell me at least 10 "so I would be profitable."
Ha!
Its not profitable or smart to pay high interest rates.
The resources you gave where very helpful and I really appreciate you sharing your experience with me. I love to learn from other peoples mistakes so I can make new and inventive mistakes of my own :-) lol
Any way I just wanted to tell you I did not have any problems downloading and reading your information. It was easy and it was great!
Thanks Again,
Jenny ..(email on file)
Do you know the 3 Magic Questions to ask a "vending bizop salesperson" to find out whether they know what they're talking about? Do you know why it is so hard to find REAL information about the vending industry? Would you like to know a simple way to start a vending business with very little or no money (maybe even FREE machines)? To receive your FREE REPORT Vending's Dirty Little Secret click here..
Today's Vending Business Tip
Don't limit your snack machines products to just snacks!
We did well with putting "other" products in based on taking a broader look at the location. For example, toothbrushes (hotel), laundry soap (trucking company), baseball cards (apartment complex), and other personal toiletries. Be creative!
New Vending Machines