HIGH VOLUME, LOW MARGINS... The vending business is a difficult business in which hard working men and women are able to make a decent living. Some of our larger operators are quite successful. This is not a "get rich quick" industry, nor is profitability assured. Competition is intense among the operators, distributors and manufacturers. Our members work hard, long hours. This is a business for "hands on" people - not passive investors. Operation of vending machines is a business. You should keep sale records to determine if your locations are profitable. If they are not, be prepared to move and lose the location. There is constant turnover of locations. Stores close, store managers decide to do business with another operator, machines are stolen or destroyed, etc. If you are an independent small businessman, the start up of a small business is almost always a risky venture. If part of the business is not working out, change it before you go through all your capital and savings. If you overpay for your machines, products and location, your chances of success are minimal. Be skeptical of promises of promoters and do not be impressed by beautiful brochures and glossy pictures. Investigate. Check references carefully. Blue Sky promoters give the names of accomplices as "references" so try to verify independently the distributor and the operators. If they are in your area, go to their offices and try to view their machines on location. |