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How to Start a Vending Machine Business With These Resources

November 18, 2020 215 views

You’ll find hundreds of resources related to starting and running a vending machine business in this post. The resources are written by various authors, which gives you a broad overview of the topic. 

Before getting to the resource section, let’s take a few minutes to go over a few considerations and questions for you to review. 

Background About This Type of Business

This type of operation is one of those businesses that, once set up, the business mostly runs itself.

Once the machines are set up at their location, you don’t have to be there to generate revenue.

Your main concerns are as follows; keeping the machine stocked with products. Making sure the machines are maintained and in good working order. Finally, if your machines collect cash, you need to collect the cash generated.

Depending on how busy the location is will determine how many times per week you need to make your rounds.

Pros and Cons

All businesses have pros and cons. Below are a few for this business model.

PROS:

This is a semi-automated business. Once you setup your machines, your main task is to monitor and restock your machines.

  • You can run this as a part-time business and operate out of your home.
  • You can set your own hours.
  • You can be flexible regarding restocking your machines.
  • The business is expandable.

CONS:

  • Some of the cons include your machines being abused and vandalized, and when they break down, you need to get it fixed as soon as possible.
  • Repairs can be expensive, especially with machines that have a cooling compressor.
  • You may have a great location, and the owner can take it away unless you have a contract.
  • You may get calls from people that have lost their money in the machine, and you need to deal with these claims. You can do this by having them go through Paypal. Or you could have the item there for them the next time you visit. This may work well if your machines are located, for example, at a manufacturing plant and your customers are regulars.
  • Coin jams can happen, and then your machine is down, and you need to get to the location and fix it as soon as possible.
  • Products can also get jammed, and you need to take care of it asap.

What Type of Person is Suited for This Business Model

This type of business may be engaging to people attracted to semi-automated businesses and like to have multiple things going on at once.

For example, someone running multiple businesses can run this as a side business. Someone with a full-time job may also be attracted to this business model and run it after work.

Startup Cost

Your startup cost will depend on how you plan to get started. If you start with a couple of machines, your startup cost will be low compared to purchasing 50 machines, a tuck to move your machines, and staff to help operate the business.

The best way to determine your startup cost is to create your business plan. Once you have your plan in place, you can start to research your costs. For more on startup costs, see, Estimating Startup Costs – Are You Missing Anything?

Equipment

When it comes to the machines, you’ll want to do your research. You want machines that are reliable and will hold the most product.

For example, if you have a machine that holds a small amount of product, you will have to make more trips to refill it than a machine that holds more and may only need refilling once or twice a week.

If you buy a machine that breaks down a lot, you’ll have many extra expenses. You’ll lose customers and sales, and the location owner may tell you to remove the machine because there are too many complaints.

Location owners don’t want any problems. They have enough headaches to deal with, with their own business. To have a long-lasting relationship with the location owner, you need to make sure your machine makes them money without any effort or headaches.

Questions Regarding This Business

Will You Locate From Home or a Commercial Location

Will you locate your business from home, or do you plan on having a commercial location? The benefits of running from home would be a significant saving in your monthly expenses.

The benefits of owning a commercial location include your business being perceived by location owners as a reliable operation.

Another advantage of having a commercial location is creating a showroom where location owners can view the machines you have available for their location. If you have a variety, they could choose the machines they want to display.

How Will You Move Your Machines?

Have you considered how you will move your machines? Depending on how many machines you plan to own, you may need an appropriate vehicle to move them. Consider having 50 machines. The cost to hire someone to move them may cost you a good portion of a used truck’s price.

When starting out, you could hire someone to move your machines, and when you find you’re having success, you could buy a vehicle.

What Type of Company Structure Will You Setup?

When requesting to place your machine at a location, you may want to register your business as a corporation, LLC, or similar to make your business more credible.

A sole proprietorship means you and the business are one, and you are personally liable and can be sued personally. As an LLC, Partnership, or corporation, the business is separate, and it’s a legal entity. Therefore liability is on the company, and a lawsuit would be against the company.

From a location owner’s point of view, dealing with a company is perceived as having less risk than dealing with someone with a couple of machines. Keep in mind location owners don’t want headaches and problems.

How Will You Pitch Your Opportunity to Location Owner’s Business?

You must have good people skills to negotiate locations and deal with any problems that arise. I can see the main points of resistance would be around the following:

Liability: The business owner doesn’t want anything that can make them liable for any problems. For example, if a child chokes on a toy from your machine, the location owner doesn’t want to be liable.

Compatibility: The location owner wants something that accents their business, not something that makes their business look bad.

Here’s an example. Imagine walking into a high-end jewelry store and seeing vending machines? This would make the customer walk out the door because the vending machines are out of place.

The customer thinks, what kind of business is this? The location owner has lost all credibility. This exaggerated and unlikely example highlights the importance of targeting appropriate locations.

Competition: Another question to ask, is will the vending machine compete with the business? Would you put a soft drink vending machine in a convenience store? The soft drinks are in direct competition with the vending machine.

Appearance: Machines that are beat-up and show wear and tear will hold you back. No Business owner will allow you to put an eyesore at their location. The machines should accent the business, and looks are a major selling point.

Products: The products you carry must accent the location. Placing products like chocolate and chips in a fitness center wouldn’t’ make sense. But placing vending machines with healthy snacks and drinks would.

You also want to keep an eye out for expiry dates. Product close to expiry dates doesn’t leave a good impression.

Below is a list of some of the business types you can target for your vending machines:

  • Movie theaters
  • Laundromats
  • Coffer Shops
  • Bars
  • Restaurants
  • Bus Stops
  • Apartment complexes
  • Schools
  • Hotels
  • Motels
  • Factories
  • More in the resources

You Want Your Location Owners to Be at Ease

To get your machines in prime locations, you want the owners to be at ease. You need to address any concerns the owner has. You can offer to place the machines on a trial basis, and if they are not happy with any part of the arrangement, you will remove the machines immediately.

You need to focus on the benefit of placing the machines at the owner’s location. You may want to focus on how the machines will benefit their existing customers. The main benefit is convenience. The next may be the financial gain with no effort from the location owner.

For each business, try and come up with benefits specific to their business.

How Will You Get the Word Out?

Customers will see you’re machines and make a purchase based on convenience. If you advertise your vending machines to potential customers, you’ll probably waste your time and money.

I can see taking out google ads based on the user’s location. But I don’t see a lot of traction from this method. I would use tasteful slogans on the machine it’s self to get more people to use it, for example, “How About a Cold Drink? or something like, “Try our new tasty Chips for $1.00 Press G7”.

As for advertising for this type of business, I would focus my advertising on getting more locations. So you are going to be targeting other businesses.

You can do this through Google Ads and Facebook. Setting the location

you’re targeting allows you to work on campaigns for small areas, which can be cost-effective because you are not advertising nationwide.

You can also use your local newspaper and radio to get the word about your business opportunity to local businesses.

Another point to make is if you plan a campaign on the radio for a week or two, it might make your cold calling technique easier because the business owner has heard your ad on the radio, and when you visit them, they have already heard about you.

Next, Come the Resources

Now it’s time for the resources. You’ll find hundreds of ideas and tips brought to you by various authors in the sections to follow. I suggest you take time to go through those articles that sand out for you. Spending a few hours on these resources will give you a broad understanding of the industry and allow you to find vending machines, supplies, and the details related to this business. The video section from people in the industry will also give you some insights.

A Collection of Resources Related to Starting a Vending Machine Business

How to Start a Vending Machine Business

How to Start a Vending Machine Business | 13 Steps to Get You Started

How to Start a Vending Machine Business: Cost, Tips, Pros, and Cons

How to Start a Vending Machine Business | Complete Guide

How to Start a Vending Machine Business – TheStreet

How to start a profitable vending machine business

How to start a profitable vending machine business | VendSoft

How to Start a Vending Machine Business Without Franchising | Small Business – Chron.com

How to Start a Vending Machine Business

A Guide to Starting a Vending Machine Business

6 Tips for Starting a Vending Machine Business | Fora Financial Blog

How to Start a Vending Machine Business: A vending machine business can be an ideal business – Automated Services International, Inc

How To Start A Vending Machine Business: The Complete Guide | Naturals2Go

What to Consider Before You Start

Reasons for Getting Into Your Own Business

The Pros and Cons of Owning Your Own Business

10 Questions You Must Ask Before Starting a Business

Passion – An Important Key You Need to Succeed in Business

Steps and Considerations

Over 21 Steps and Considerations When Starting Your Business

Getting Inside Information

An Inside Look Into The Business You’re Considering

A Simple Guide To Starting A Business

How to Start A Business – Making a Complex Topic Simple

How to Finance Your Business

Vending Machine Business Finance Options | Vending machine route software

StackPath

Financing Options – MyPPE Vending

8 Ways To Finance Your Vending Machine Business

Everything You Need To Know About Business Loans

How To Register a Business

How to Register Your Business Using These Resources

Vending Machine Business Name Ideas

Selecting a Good Name for Your Business

Vending Machine Business Name Generator – How to Name a Vending Machine Business

101 Catchy Vending Machine Business Names – BrandonGaille.com

453+ Creative Snack Machine Business Names | thebrandboy

379 Vending Business Names Ideas List Generator – Brandlance

Business Plan

How to Write a Business Plan Using This Unique Collection of Resources

How to Write a Marketing Plan Using These Select Resources

Vending Services Business Plan – Executive Summary

Vending Machine Business Plan – How To Make One For Success

Vending Machine Business Plan [2020 Updated] | OGScapital

Trends and Statistics

Vending Machine Operators in the US – Industry Data, Trends, Stats | IBISWorld

2020 Vending Machine Operators Industry Statistics & Market Research Report – AnythingResearch

25 Intriguing Vending Machine Sales Statistics – BrandonGaille.com

Global Vending Machine Market (2016 – 2022)

Profitability and Revenue

Estimating the Profitability and Revenue for a New Business

Are Vending Machines Profitable? (2020) | Naturals2Go

Most Profitable Vending Machines – Small Business Trends

Realistic Vending Machine Profits Explained | Vending machine route software

How Profitable Are Vending Machines? | Vending One

Average vending machine profits (Updated 2021) | Vending Business Machine Pro Service

Startup and Operating Costs

Estimating Startup Costs – Are You Missing Anything?

Vending Machine Startup Cost

Equipment and Suppliers

Office

Essential Office Equipment You May Need to Run Your Business

Vending Machines

Vending Machine Supplier – Buy New and Refurbished Vending Machines

Vending Machines Manufacturers – Leading Supplier

Distributors of Vending Machines, New & Used Vending Machines

Distributors of Vending Machines, New & Used Vending Machines

Buying Supplies for your Vending Machine Business | Vending machine route software

Vending Machine Companies | Vending Machine Distributors

AR Systems – AR Systems

Top Vending Machine Companies in the USA

Vending Machine Security

Why security camera is necessary for the vending machine? | Vending Business Machine Pro Service

Steps to Avoid Vending Machine Theft and Beef up Your Security – Parlevel Systems

Upgrade your vending machine security | Camlock Systems

StackPath

5 Ways to Help Prevent Vending Machine Vandalism – Maximum Vending

Vending Machine Alarms | Vending Machine Security | Vending Alarm Systems

Supplies

Refill Vending Supplies – Vending Toys, Capsules, Stickers, Tattoos, Bouncy Balls | CandyMachines

Bulk Vending: Toys, Bouncy Balls, Stickers & Tattoos, Prizes & Fillers – Gumball.com

Wholesale Vending Machine Snacks | Wholesale Snack Food

Bulk Vending Supplies & Refills | Gumballs.com

VENDING SUPPLIERS DIRECTORY, Vending Business Suppliers

Wholesale Vending Products | Wholesale Vending Products-Bulk Vending, Redemption, and Party Supplies!

Vending Machine Parts and Repairs

Parts

Vending machines, vending machine parts, and vending machine service

Vending Machine Parts by Manufacturer

Vending Machine Replacement Parts – Vending Machine Components

Vending Machine Parts

Vending Machine Parts and Accessories | Vending World | Official Site

StackPath

Vending Machine Parts & Accessories for sale | eBay

Parts for Soda Machines

Repair Service

Vending Machine Repair | Vending Machine Parts | VendNetUSA.com

Vending Machine Repair Service – Drink, Soda, & Snack Machine Repair

Vending Machine Repair Services, REPAIR Vending Machines

3 Top Vending Machine Repairs You Should Know

Vending Machine Repair Services Near Me | VendMedic

The 10 Best Vending Machine Repairers Near Me (with Free Estimates)

Repair Tips and Maintenance

Reduce the Chance of Vending Machine Repair Needs | Vending machine route software

How to Maintain and Service a Vending Machine

How to Repair Troubleshoot Vending Machine | Vending Business Machine Pro Service

An Owner’s Guide to Vending Machine Repair

Vending Machine Maintenance | Vendnet USA Blog

An Owner’s Guide to Vending Machine Service and Repair | TCN Vending

Basic troubleshooting of your vending machine

How to fix vending machine display problem | Vending Business Machine Pro Service

Insurance

Here’s Everything You Need To Know About Business Insurance

Business Insurance for Vending Machine Businesses | How to Start an LLC

Vending Machine Owner Insurance

Vending Machine Insurance: Owners & Operators | CoverWallet

Work with Vending Machine Insurance Experts | Trusted Choice

Vending Machine Insurance for Small Business Owners

Vending Machine Operators Insurance – Cost & Coverage (2020)

Vending Machine Business Insurance. A Few Minutes to Save.

Employee Considerations

The Pros and Cons of Running a One-Person Business

How and When to Hire a New Employee

Common Jobs Needed for Running a Business

Hiring an Employee VS Subcontracting

Business Cards

How to Design Business Cards That Draw Attention

Design logo & business card for a vending machine biz | Logo & business card contest | 99designs

Business cards design: print your business card online I Vistaprint

Latest Image Search Results Related to Vending Machine Business Cards

Logo

How to Create an Impressive Logo

Looking for a fun exciting logo for my vending machine business | Logo design contest | 99designs

Vending Logos Images, Stock Photos & Vectors | Shutterstock

Food Vending Machine Logo Design | 160 Logo Designs for the fridge – real good food

Latest Image Search Results Related to Vending Machine Business Logos

Software

VendSoft Reviews and Pricing – 2020

Best Software to Help You Manage Your Vending Machine Business – Vend Purchase Group

List of Vending Machine Software | Vending How

Vending Software | VendSoft – Vending Machine Route Management

StackPath

Business For Sale

Buy A Business or Build one From Scratch?

An Inside Look Into The Business You’re Considering

Vending Machine Businesses For Sale – BizBuySell

Vending Machines Businesses for Sale | Buy Vending Machines Businesses at BizQuest

Vending Machine Routes for Sale USA, Vending Businesses For Sale

Vending Routes For Sale, 61 Available Worldwide

Food Vending Businesses For Sale in the US, 376 Available To Buy Now

Routes For Sale at BusinessMart.com – Vending Routes, FedEx Routes and Bread Routes

Latest Search Results Related to Vending Machine Business For Sale

Franchise Opportunities

The Ins and Outs of Owning A Franchise

Top Vending Machine & ATM Franchise Business Opportunities

StackPath

Best Vending Machine Business Franchise Opportunities | Franchise Clique

Vending Franchise Opportunities Guide

Marketing Tips

StackPath

How to Market Your Vending Machine Business | Bizfluent

Tips to Advertise you’re Vending Business Creatively on Internet

How to promote vending business – Quora

Marketing in a Vending-Machine World – Chief Marketer

How to Market Your Vending Machine Business | Bizfluent

Article Mix

Risks of Operating a Vending Machine Business

The Top Problems of Buying Vending Machine Business – Worldwide Vending

Vending Machine Business Pros & Cons | Small Business – Chron.com

10 Complaints About Vending Machine Companies

10 mistakes of a novice vending machine operator

Vending Machine Problems? How to Know Right Away – Touchwork

The Pros & Cons of a Vending Machine Business | Bizfluent

Vending Machine Owner Mistakes | Vending Machine Business TipseVending.com Blog | Combo Drink Snack Machines

5 Mistakes A Novice Vending Machine Operator Commits – BIZ VENDING 101

What to Avoid When Starting a Vending Business – BusinessMart.com

5 Mistakes You Don’t Want to Make Getting Into the Vending Machine Bu…

Vending Machine Tips – Vending Business Pointers

Vending Machine Blog Business Tips – A&M Vending Machine Sales

Tips for a Successful Vending Machine Business | Gameking Total Vending Solutions

20 Fun Facts About The Vending Business

5 Interesting Facts About Vending Machines You Didn’t Know

10 Facts About the History of Vending Machines | Prestige Vending & Office Coffee

Healthy Vending Machine Facts

10 Interesting Facts About Japanese Vending Machines

7 Interesting Facts About Vending Machines | TCN Vending

Vending Machine | Encyclopedia.com

25 Unique Vending Machines From Around The World

Quick Ways to Boost Profits With Your Vending Machines

Running a Business

How to Run a Business – A Quick Look Into Skills You’ll Need

Publications

Top 15 Vending Machine Blogs, Websites & Influencers in 2020

StackPath

Vending Industry News & Resources | Vending Times

Vending Business Magazine | News, Reviews, Comments by and for the Vending business owners.

Vending Industry Publications

Magazine Vending Machine:

Terminology

Vending Glossary: – Maryland, DC, Northern Virginia

Vending Machine Glossary | Vending Industry Definitions And Information

Books

Books from Amazon Related to Starting a Vending Machine Business

Google Book Search Related to Starting a Vending Machine Business

The Latest about Starting a Vending Machine Business

Google Searches

Latest Search Results Related to Starting a Vending Machine Business

Latest Scholar Search Results Related to Starting a Vending Machine Business

Latest Image Search Results Related to Starting a Vending Machine Business

News

Latest News Related to Starting a Vending Machine Business

Twitter

Tweets Related to Starting a Vending Machine Business

YouTube

Videos Related to Starting a Vending Machine Business