Vending is about finding great locations. Since my inception into the vending business, I have noticed that you could have machines in several different location, but not be getting the right kind of traffic. When you look for locations to place your vending machines take a few things into consideration 1. Is the business in a major business district,2. Is the business a need for the community and does it solve a problem, 3. How much foot traffic is the business getting. If you take these few things into consideration you should see some results in generating a profit for yourself.
A business in a busy business district means revenue for your company. Most business who are in a great or busy area of town has a better chance of making money than those that are not in a heavily populated part of town. The more people the more money you have a chance of making when there a heavily populated areas. You can sometimes get what is called overflow traffic from other business if the business in that area are so crowed that they can't service the folks that come in for service.
The next area of concern is does the business solve a problem. Most people look anywhere to place a vending machine and that should not be your own methodolgy. For example, if you get an auto mechanic shop for a client there is a good chance that you will do good business, because they are solving a problem that people need like getting there cars fixed. Next, a beauty or hair salon is another location that is a service area you could see success in, because alot of folks need to get their hair and their nails done. If you were to try and place a machine in a real estate office then their is a chance that you may not make any money because the real estate office doesn't have enough traffic coming in on a regular basis.
Traffic to a business is always important when you are trying to generate some revenue. Many business don't have enough traffic coming in the door to help you make any money. Millions of business are not meeting there own numbers, and if you are in bed with them then you will not meet your numbers. When operation candy gum ball machines you should try to hit a goal of ten dollars a month at one hundred machines which would generate a thousand dollars a month for your company twelve thousand dollars a year. When you are averaging numbers like this you have a business that thriving and you can grow your revenue slowly and make a good steady profit, but if you get a business who has the illusions of traffic coming in the door, and none is showing up then you will not make any money.
So, when deciding to place machines in your area remember that location location location is your main concern and focus when building your business. If you don't have the right location then you want have the right amount of money and thats no fun at all.
thanks
coolwater
Wednesday, February 10, 2010
Sunday, September 20, 2009
Candy Cash Flow and Spolage Problems
Candy Cash Flow Tips - Do you have candy spoilage problems?
Never fill a machine up more than ¼ of the way before you know how a location is going to perform. If you are consistently having spoilage problems then you are filling your machines too high. Also, if using M&M Peanuts make sure to keep your machines out of direct sunlight.
- When you purchase candy always check the label on the store shelves; here you will find the per ounce price of the candy. You will often find that smaller bags will have a lower per ounce cost than larger bags. Location Cash Flow Tips - Take advantage of our Platinum or Gold packages that include UNLIMITED replacement locations for $20 each for two years.
- Consider this: It costs around $55 to place a machine. Now consider you keep the location for 1 and ½ years. Second, you replace the location at a cost of only $20. Over three years time you have only spent $75 on locating fees or $25 per year. Machine Cash Flow Tips
- The more inexpensive the machine is the quicker it will pay for itself. - New machines do not make more money than used machines. Now go make some quarters!
Never fill a machine up more than ¼ of the way before you know how a location is going to perform. If you are consistently having spoilage problems then you are filling your machines too high. Also, if using M&M Peanuts make sure to keep your machines out of direct sunlight.
- When you purchase candy always check the label on the store shelves; here you will find the per ounce price of the candy. You will often find that smaller bags will have a lower per ounce cost than larger bags. Location Cash Flow Tips - Take advantage of our Platinum or Gold packages that include UNLIMITED replacement locations for $20 each for two years.
- Consider this: It costs around $55 to place a machine. Now consider you keep the location for 1 and ½ years. Second, you replace the location at a cost of only $20. Over three years time you have only spent $75 on locating fees or $25 per year. Machine Cash Flow Tips
- The more inexpensive the machine is the quicker it will pay for itself. - New machines do not make more money than used machines. Now go make some quarters!
Tuesday, September 8, 2009
RE: Win With Charities
Double your cash flow by signing up with a charity! Make philanthropy your business of choice my friends and you will succeed! Charities will get you into bigger and better businesses; it is a no-brainer.
I'm going to show you right now how to locate in person using a charity. You can do it!
In Person Charity Locating:
My first suggestion is to sign up with a charity, preferably the NCCS - http://www.children-cancer.com
Second suggestion, when you walk in wear the charity T-Shirt and Hat they are going to provide you. (NCCS will provide these things if you ask.)
Next, bring in a high quality glossy picture of the machine you want to place along with your charity paperwork.
Use this pitch,
"Is the manager in?" - Wait for response (if no, then ask when and go back)
" Hey There, I'm Mark with the National Children's Cancer Society. We would like to place a free (machine type) in your business to help support the children with cancer. We generate over $500,000 annually from machines just like this one!"
http://www.kickstartlocations.com
Kick Start Locations
I'm going to show you right now how to locate in person using a charity. You can do it!
In Person Charity Locating:
My first suggestion is to sign up with a charity, preferably the NCCS - http://www.children-cancer.com
Second suggestion, when you walk in wear the charity T-Shirt and Hat they are going to provide you. (NCCS will provide these things if you ask.)
Next, bring in a high quality glossy picture of the machine you want to place along with your charity paperwork.
Use this pitch,
"Is the manager in?" - Wait for response (if no, then ask when and go back)
" Hey There, I'm Mark with the National Children's Cancer Society. We would like to place a free (machine type) in your business to help support the children with cancer. We generate over $500,000 annually from machines just like this one!"
http://www.kickstartlocations.com
Kick Start Locations
Tuesday, August 18, 2009
Re: Clean Machines
The first step in a successful vending business (besides killer locations of course) is cleanliness. You wouldn't believe the number of dirty candy machines around your city. Walk into any retail center and look at the machines, how long has it been since they've been cleaned? A month, 3 months, 6 months? The truth is they have probably never been as clean as the day they were dropped off. That's right, most vendors never clean their machines.
Will this really make a difference? You Bet!
What will eventually happen is the other guy will no longer have a machine there. The business owner will make them remove their machine when they see how well you service yours. Keep your machine clean! You are going to double your business and keep the best locations to yourself!
What to do: When you service your machines you should have a spray bottle with water and a fresh terry cloth rag. Spray the machine and keep wiping until it's crystal clean. Make sure the globe shines like the first day you bought it. Also, make sure your rag looks fresh, no one wants to see you clean your machine with a dirty rag!
Will this really make a difference? You Bet!
What will eventually happen is the other guy will no longer have a machine there. The business owner will make them remove their machine when they see how well you service yours. Keep your machine clean! You are going to double your business and keep the best locations to yourself!
What to do: When you service your machines you should have a spray bottle with water and a fresh terry cloth rag. Spray the machine and keep wiping until it's crystal clean. Make sure the globe shines like the first day you bought it. Also, make sure your rag looks fresh, no one wants to see you clean your machine with a dirty rag!
Re: Bountiful Candy
This is called bountiful candy. Do you know how many repeat sales are lost due to not enough candy being vended? TOO MANY!
Don't Bogart your candy! You want to vend bountiful amounts of candy so your customers come back to you time and time again! Most vendors have the misconception that the biggest consumers of candies are kids. Maybe in some cases, but Generally it's the employees! Employees are going to eat your candy day in and day out. Trust me, a hungry auto mechanic can support an M&M Peanut machine all by himself.
Since we're on this topic, give the mechanics a quarter or two when you're there! They will appreciate and use your machine even more.
Don't be stingy on your candy. You know what they say, do unto others as you would have done unto you!
8 M&M Peanuts, No Less!
10 Skittles
10 Runts
10 M&M Regulars
1 Gumball
This well help you gage how to set your machines and sales ..
check out http://www.Kickstart.com for more info.
Don't Bogart your candy! You want to vend bountiful amounts of candy so your customers come back to you time and time again! Most vendors have the misconception that the biggest consumers of candies are kids. Maybe in some cases, but Generally it's the employees! Employees are going to eat your candy day in and day out. Trust me, a hungry auto mechanic can support an M&M Peanut machine all by himself.
Since we're on this topic, give the mechanics a quarter or two when you're there! They will appreciate and use your machine even more.
Don't be stingy on your candy. You know what they say, do unto others as you would have done unto you!
8 M&M Peanuts, No Less!
10 Skittles
10 Runts
10 M&M Regulars
1 Gumball
This well help you gage how to set your machines and sales ..
check out http://www.Kickstart.com for more info.
How To Measure Results
This is part three of the double your vending cash flow series!
As email tips go this is going to be an important one. It is an important aspect of any business, every business, and especially this business. You are not just a vendor; you are a business man or woman, entrepreneur, and investor. Don't you want to know how your investment is turning out?
How does an investor look at his investment? ROI or Return on Investment. You can also look at is as your internal rate of return for your business.
To be successful as a vendor and to be successful in business you need to measure results. If you don't measure, how will you know where you're headed?
Here are several variables you should begin tracking right away.
* Machine sales per month
* Sales per "head" per month. Double head machine would have two heads. You need to keep track of each head and how it performs.
* Total Sales per type of candy per month. You need to know if you are selling more M&M Peanuts than Runts and by how much.
* % Margin on candy per month. M&M Peanuts may have greater sales than gumballs but gumballs may earn more profit due to the higher margins.
Now, using all of your data; load your spreadsheet program up and input all of this data to create a Pivot Table. This will show you graphically what is going on in your business. This is your first level of measurement.
Steps:1. Measure Results
2. Track Results
3. Make informed decisions.
4. Take the necessary steps to increase value.
Read more about Pivot Tables Here:
http://www.microsoft.com/dynamics/using/excel_pivot_tables_collins.mspx
Regards,
Robert Patterson,
President
http://www.kickstartlocations.com
As email tips go this is going to be an important one. It is an important aspect of any business, every business, and especially this business. You are not just a vendor; you are a business man or woman, entrepreneur, and investor. Don't you want to know how your investment is turning out?
How does an investor look at his investment? ROI or Return on Investment. You can also look at is as your internal rate of return for your business.
To be successful as a vendor and to be successful in business you need to measure results. If you don't measure, how will you know where you're headed?
Here are several variables you should begin tracking right away.
* Machine sales per month
* Sales per "head" per month. Double head machine would have two heads. You need to keep track of each head and how it performs.
* Total Sales per type of candy per month. You need to know if you are selling more M&M Peanuts than Runts and by how much.
* % Margin on candy per month. M&M Peanuts may have greater sales than gumballs but gumballs may earn more profit due to the higher margins.
Now, using all of your data; load your spreadsheet program up and input all of this data to create a Pivot Table. This will show you graphically what is going on in your business. This is your first level of measurement.
Steps:1. Measure Results
2. Track Results
3. Make informed decisions.
4. Take the necessary steps to increase value.
Read more about Pivot Tables Here:
http://www.microsoft.com/dynamics/using/excel_pivot_tables_collins.mspx
Regards,
Robert Patterson,
President
http://www.kickstartlocations.com
Wednesday, February 18, 2009
Still Think Its A Recession
What Recession is the question? I am making money in this bad economy are you? Many people are still buying into the fact that we are in a recession I think we are in a progression meaning you have to be progressive in order for you to make some money. Vending is the recession proof business. If you are having hard times in your business then you need to market more.
Don't be fooled by the b.s. get off your lazy assets and get out there and make some money.
cool water
Download your free excerpt of the e-book Americas Best Kept Secret
Don't be fooled by the b.s. get off your lazy assets and get out there and make some money.
cool water
Download your free excerpt of the e-book Americas Best Kept Secret
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