Take Your Time Selecting a Vending Location
One of the key aspects of operating a successful vending machine business is the location. If you don't have a great vending location from the start it is going to have a negative impact on your business. There is a great opportunity to make plenty of money with this type of business. Yet you have to be able to get the machines into the places where people will access them.
Avoid using vending location companies as you will only be throwing money out the window. While they will get you a place for your vending machines, don't expect to do well with them. They aren't going to put the effort into finding you the best possible vending locations out there. That is something you will need to do on your own.
It can be tempting to add your own vending machine to a long line of them. After all, with so many in one place they will get attention right? However, you want to try to find a great vending location where you won't have so much competition. There are places out there that haven't been touched yet.
It is going to take time and effort on your part to locate these areas though. Think beyond everyone else and visualize where consumers will be looking for vending machines. Ask people that you know where they have been that a vending machine would have been very convenient.
Take the time to really watch the locations you consider for vending machines. Set up time periods to count the foot traffic there at various hours and days of the week. This is important so you can get an average of what to expect on a normal day. Make sure you take the surroundings into consideration as well.
You need to do this to determine if the vending location is a place where you are likely to get plenty of sales all year long. Be wary of seasonal locations as they may not result in enough profits to cover that down period. It can be difficult to move vending machines so do your best to secure quality locations from the very beginning.
Of course a problem could be that the owner of that location isn't allowing vending machines to be put into place. You may be able to persuade them though with the right deal. Before you approach any owner about placing vending machines, have a good idea of what you want to say.
This is important so that you will come across as knowledgeable and confident. Make sure you push the benefits of the vending location for them as well. Let them know how much money you are willing to pay for the spot each month. This can be a set dollar amount of a percentage of your total sales.
It may take some encouragement though before they are ready to commit to it. You will find having written information in hand is helpful. Then you can give them some time to think about the proposal as well as leave them some written information to review. Follow up with them in a few days to see if they have any questions for you to answer. Never buy any vending machines until you have found locations for them as well as worked out the details with the owner of those locations.
Rob Farnham understands all of the pitfalls of the vending machine business. He can help you prevent them from occuring. Take a look at http://www.locatingvendinglocations.com/findingvendinglocations.htm. You can also find valuable information at http://www.locatingvending.com.
Article Source: ArticlesBase.com - Take Your Time Selecting a Vending Location