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Topic: Price For Vending Machine
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What is the proper price for vending machines? Well, in my opinion, it all depends.
After spending way too much for the first vending machines we bought, and then eventually learning how to get some machines for free, I would say vending machine pricing is based on perception. For example, a person who goes to a vending business opportunity seminar and pays $5,000 for a mechanical machine that ends up sitting in their garage. This person might be willing to sell that machine for pennies just to end the constant reminder of getting into something without finding out ALL the facts. An old Coke machine on a location that has 300 thirsty customers a day is worth thousands of dollars. A vending operator who has a terrific location but needs a snack machine TODAY will pay a premium for it. A brand new 11 selection, bottle, can, juice machine sitting in a warehouse is worth very little if it has no revenue.
Just my opinion. But the price for vending machines depends on their application. The machine by itself is worthless!
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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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Why do most people actually lose money in the vending business? Why is it so hard to find legitimate information about the vending industry? Do you know what 3 Questions to ask a opportunity salesperson to find out whether they are trying to scam you? Would you like to know how to start a vending business with very little or no money? To receive your FREE REPORT Vending's Dirty Little Secret click here..
Today's Vending Business Tip
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Make sure that a location is aware you want to be their vending solution. We once walked into a snack/pop location we had serviced for years only to find a full size coffee machine right beside our equipment. When we asked why they didn't ask us to put a full size coffee machine in, they said, "Oh!, we didn't know you do coffee too!". (A costly mistake for us)
Current vending machine news;
3 suspects held in vending machine thefts (The Press-Enterprise)
Three men were arrested this week on suspicion of stealing vending machines from around southwestern Riverside County, authorities said.Michael vs. the vending machine (Dothan Eagle)
Tell the author about your vending machine experiences.Sunnybrook tests vending machine for blood services (East York Mirror)
Sunnybrook Health Sciences Centre has become the first hospital in North America to use a high-tech vending machine to retrieve blood, eliminating the need to wait for blood services to fill the orde...Insecticide found in canned coffee (The Japan Times)
A can of coffee bought from a vending machine in Chiyoda Ward, Tokyo, has been found to be tainted with an insecticide ingredient, the health ministry said. Read more ...
Price For Vending Machine