 |
Topic: Vending Machine Financing
|
Have you seen the ads for vending machines with 100% financing?
These offers popup from time to time. If you look carefully at these deals you will see that you actually end up paying a fortune for the equipment. How quickly your new business becomes profitable is directly proportional to the debt you take on buying your first machines. If you lock yourself into a deal where you are overpaying, even with no money down up front, it will take you a long time to become profitable. And if your overhead is high you might not make it through some initial bad locations. There are ways to get established vending routes with nothing down. And there is even a way we discovered to get free machines. But, if you are looking at buying brand new machines in a "vending package", There also bizop offers that ask you to pay for your initial package of machines and then you "qualify" for financing on further purchases. Great, you overpay initially and if you’re gullible enough to come back for more they will finance the additional purchases for you.
Beware of vending machine financing that sounds too good to be true!
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
From someone who has absolutely NO familiarity with the vending business, I found your writing to be very informative and frank. In fact, I have re-read some portions and each time I retrieve a piece of information I overlooked in a previous reading. There are some topics you discussed that I had already implemented (quite by mistake, I might add).
Thanks again!
Jody Goldman ..(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.
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...Bees swarm New York street corner (UPI)
NEW YORK, May 8 (UPI) -- New York police said a beekeeper was called in after a swarm of bees began forming a hive on top of a newspaper vending machine on the Upper East Side.
Vending Machine Financing