How Hard Is It To Make Money Off Of Vending Machines? I Mean Like A Business.?
Okay, I had a vending machine business once. Let me tell you about my personal experiences in this area.
First off, I used to work for a vending company. I had a regular route where I serviced about 100 food and beverage machines. On any day I would normally have to deal with machine maintenace issues, customer refunds, expired food, and being asked to get my machines off the property that day.
As an employee I took all of this in stride. It was just a job.
Several years later I decided to buy an existing vending business. I then learned just how hard it was to get machines placed in profitable locations. I also found out how expensive those “little” maintenance issues were. For example, to replace a dollar changer was going to cost me several thousand dollars. The sales at that particular location did not warrant that kind of expense, so I had to pull the machines to allow another vendor to come in.
I also dealt with vandalism on numerous occasions. At one time I got a call from my local airport where I had placed a phone card machine. I was informed that my machine had been broken into. I lost over $300 in inventory and about $100 in cash in that one incident.
I’m sorry I may sound a bit negative about the vending business, but believe me, I speak from hands on experience as both an employee and owner in this industry. The idea of making money from your little profit centers spread all over town sounds great–but reality bites.
Do some solid research in this business before you jump in. At the very least, go to work for a vending company for a while and see what’s involved. I have about 75 free articles on home business you can read at the site listed below.