The vending machine industry has spawned numerous businesses with high profits, but machine placement--a process and expense known as location--can quickly eat into the income produced. With some knowledge about the vending industry and a professional approach, a proper vending machine location contract can be created to ensure profitability for all parties involved.
 
Some Locations Require Fixed Fees
 
In some locations, particularly hospitals and office buildings, managers or facilities personnel who approve the installation of a vending machine require a fixed monthly or quarterly fee to pay for "rental" of the machine's location. This fee varies depending on the type of machine installed, but typically ranges from around $5 per month for simple stand-alone machines, such as gumball machines, to as much as $50 per month for coffee and snack vending machines that require electricity or water.
    
Some Locations Take a Percentage
       
While some locations require payment of a fixed monthly fee, other locations are somewhat more flexible and will accept a predefined portion of the proceeds collected by the machines. Depending on the environment and type of business, the required percentage typically ranges from 15 percent to 25 percent of the machine's gross income. In some exceptional cases, a location owner may accept a percentage as low as 10 percent of the machine's gross income, though most location owners expect at least a 15-percent compensation.

Charity Sponsorships Can Reduce Expense
 
To help reduce the expenses paid for a vending machine location, some vending machine business owners secure a charity sponsorship. In a charity sponsorship, the vending machine owner makes a small donation--typically around $1 to $2 per month per machine--to the charity; in return, the charity organization provides a sticker for the machine proclaiming that a portion of the machine's income is donated to charity. While some business owners may still charge a location fee for charity machines, many charge a significantly reduced fee while others simply donate the space. This arrangement works well for all parties involved, as the vending location owner is perceived as donating to charity, the location expense is greatly reduced for the vending business owner, and the charity organization receives a much-needed boost in income.


Read more: How Much to Pay for a Vending Machine Spot | eHow.com http://www.ehow.com/way_5172586_much-pay-vending-machine-spot.html#ixzz1W1zQlvFi

Tips for Home-Based Businesses

Vending machine business is one of the home-based business. Running a business from your home offers many benefits, but there are pitfalls as well. Distractions abound, and family and other responsibilities can intrude on business time.

But the productivity lessons you learned in the outside world still apply to a home-based business like vending business. A well-organized and well-managed business is a productive business. Here are some tips to help you make the most of your time and keep work and home life separate.

1. Prioritize your tasks ahead of time. By scheduling your tasks in order of importance, you can devote more attention to your most pressing tasks. You can prioritize your day so that you do not spend five hours answering email, while the rest of your duties slide and make some maintenance for your vending machine.

2. Set goals for your day. As you plan your day, set the goals that you want to accomplish. Although you may not get through your entire to-do list, try to set and meet reasonable goals each day. It's will make your vending business more focus and can grow more quickly.

3. Instruct your family. "Family interference" is one reason some home-based businesses are unproductive. Your family must realize that even though you are at home, you are still “at work.” Sit down with your family and make sure they understand you need this set amount of time each day to run your vending machine business.

A lot of people believe that profit is difficult to make in vending machine businesses and the earnings are not good enough. Basically, the sale of the machine significantly depends on its usage, traffic and the place you put it. You need to have a business permit or a license to be able to set your vending machine in the right location.

The start up cost for businesses for instance in the vending machine industry varies depending on kind of vending machine that will be used. In most cases, individuals normally begin with just one or a couple of small machines just like a candy machines. These machines are more affordable but they produce plenty of vending machine income. You will need to consider the price of the machine and the cost of the candy.

If you opt for a new combo vending machine, it will surely cost you around 300 bucks plus a container of jawbreakers which include 850 pieces which will cost 50 dollars. If you vend the jawbreakers for only 25 cent per piece, the sum of your vending machine sales will be 212.50 dollars. Take away the percentage that you will have to distribute to the person who owns the location. This is how you monitor your profits for this vending machine business and stay profitable..

The remaining income is going to be yours. Hence, after you take away the price of the candy, your income will be 127.50 dollars. You can get that from a single vending machine. So now, if you select a second hand or a used vending machine, it will not take a lot of time before the profits become pure income. This also call passive income and can be also your passion income.

(NaturalNews) PepsiCo is trialing a new refrigeration system in its vending machines with one that contains carbon dioxide instead of hydrofluorocarbons (HFCs).

"This field test will help us evaluate the performance and reliability of these new machines in a real-world environment," said PepsiCo's vice president of packaging and equipment development, Robert Lewis.

HFCs are greenhouse gases more potent at trapping solar radiation than carbon dioxide, and are now considered responsible for 17 percent of human-caused global warming.

Only 5 percent of a vending machine's greenhouse gas emissions come from the coolant that it uses. The other 95 percent of the machine's emissions come from the electricity that it uses.

Pepsi is trialing 30 different vending machines in the Washington, D.C. area, all of them featuring a special green label. The company said that it has also been working to improve the energy efficiency of its machines, with 2008 models using 44 percent less energy than 2004 models and 52 percent less energy than 2003 models.

The cola company is not the first to experiment with non-HFC-based refrigeration. Coca-Cola and Unilever have also trialed the technology in the United States, while Unilever has already put two million Ben & Jerry's ice creams vending freezers into circulation around the world. Wal-Mart uses non-HFC refrigeration in one of its Canadian stores.

China's largest maker of refrigerators has started making fridges without HFCs, as have one Japanese company and Western companies Whirlpool and Miele. A total of 300 million home refrigerators around the world currently operate without using HFCs.

In the United States, however, such devices have not been approved for commercial use by the Environmental Protection Agency. Before companies such as Pepsi, Unilever or Whirlpool can start putting HFC-free freezers or vending machines into wide circulation, the agency must certify the technology as both safe and effective.

Sources for this story include: www.foodnavigator-usa.com.

It is simply astounding that the vending machine industry is one that operates with over $one billion bucks of sales annually. For the uninformed potential business owner, a vending machine business is a unprecedented chance for a promising entrepreneur.

There are many ways in which to earn additional money in the vending machine industry. One example is that you can establish a set of vending machines at certain locations, that you've got already selected. You may feel saddened by your current employment, and such, several Americans are simply not pleased with their employment, so one avenue of creating your life better might be starting your own business, and letting go of that troublesome boss or work schedule, and eliminating some stressors in your life.

There are plenty of distinguished reasons why, however one in all them is that the astonishingly low startup price related to beginning your own vending machine business. Keeping the initial prices down, suggests that that you are doing not would like a giant amount of capital to start with, and this shows that you are doing not necessarily would like big finances to try and do it.

I love passive income business. I crave for passive income business. I pursue passive income business. There’s nothing better in the business world, both online and offline, than passive income business. What do I mean by passive income business? It’s businesses that requires minimal to no active involvement of the business owner.
The essence of passive income business is time and freedom. You can be a high-earning professionals, but when you stop working, you stop earning. You can also own a business and work full time in it, typically sole proprietor companies, but your problems are similar to those of professionals.
What about blogging? Yes, you can earn big time by blogging – Some make by the hundreds of dollar per month, a small few earn a six digit income per month. In those, there are one-man bloggers and passive-income bloggers (usually multi-author blogs.) Just like offline businesses.
Passive income business lets you decide when and how to work – usually at a minimum level of involvement.

With the overwhelming success and popularity vending machine business has enjoyed for many years, you would be right to assume the industry has peaked? – Far from it, the reality is that the world vending machine market is still rapidly growing year on year in many sectors.

It is calculated that the vending machine market for 2008 will be worth over £3.6billion, with the major growth coming from the confectionery, snacking and chilled drinks sectors.  This trend is predicted to continue as the market evolves with new products and innovative vending machine equipment that gives consumers more convenient access to low price point impulse purchase products

Vending machine business offers the opportunity to expand and grow your business at will, adding extra low cost vendors as and when required to increase your monthly income.  Many operators started their vending machine businesses purely for some part time extra income, also called passive income and have eventually built substantial size operations of several hundred vendors producing very serious profits.

Contrary to what you may hear, vending machine business is not the lazy mans road to riches!  Vending machine business like any other serious business requires effort and commitment if you are going to be truly successful in vending machine business you will have to work at it.  The good news is that vending machine is incredibly time efficient compared to most businesses and the real advantage is that as you do other things – your vendors continue to do business and earn you money 7 days a week 24 hours a day, now that really separates vending machine from the rest!

When you have made the difficult decision to leave the security of a salaried job and start your own business, the next decision is what industry to go with.  Looking through the many business opportunity magazines and adverts presents you with a daunting selection of potential businesses, all claiming to offer the best opportunity and the highest returns, so why should you decide to enter the vending industry?

Vending machine business is not a new industry, far from it, vending machine has been around since Roman times when pure drinking water was vended.  Modern vending machine as we know it, has been for the past 70 years or so, with a wide selection of simple mechanical to sophisticated electronic vending machines, vending every conceivable product.

Vending machines in the 24/7 culture of the twenty first century are an accepted part of our everyday lives, so much so that most of us barely notice the profusion of vendors where ever we go.  It is interesting to imagine a world without vending machines in all the convenient places that we just expect to find them, in our places of work, leisure centers, hospitals, stations, street corners, toilets, pubs – in fact you can hardly think of a location where you won't find one or expect to find one.  Vending machine business works as a business concept because it offers the consumer convenience and opportunity, when ever and where ever the consumer desires.  It is this fundamental fact that makes vending a truly viable and desirable business proposition.

The vending machine business is not like in most businesses, the setting up cost can be very high in acquiring and fitting out premises, purchasing specialist equipment, vehicles, stock, advertising and marketing etc. should the business fail, the vast majority of that investment will be lost and the business will be finished.  In vending machine business the major investment is in the vending machine equipment, the variable is the site, and as long as you are able to acquire sites your vending machine equipment will always take money, in fact there are many operators today using vending machine equipment purchased over twenty years ago that has been in several sites over the years.

Other than the largest of vending machine business operations, premises are not required for warehousing or offices, as even a reasonable size business can be effectively run from home using a garage or spare bedroom for the relatively small amount of stock that needs to be held.  A commercial vehicle is not required for most vending machine businesses as the family hatchback or an estate car would be perfect for visiting your sites.

Are you a business owner that feel lacks of time for your family, friends, even yourself?
Well, you are not alone.
For most small business owners, success co-relates with the time spent on the business. If you are a self-employed or a sole proprietor, your business success means more time needed to maintain the success.
However, this is not the ideal situation. Sure, you may be satisfied with all the success you have, but as a business owner, I’d suggest you to find ways to leverage your success.

The vending machine business industry has spawned numerous businesses with high profits, but machine placement--a process and expense known as location--can quickly eat into the income produced. With some knowledge about the vending machine industry and a professional approach, a proper vending machine location contract can be created to ensure profitability for all parties involved.

Fixed Fees Location
In some locations, particularly hospitals and office buildings, managers or facilities personnel who approve the installation of a vending machine require a fixed monthly or quarterly fee to pay for "rental" of the machine's location. This fee varies depending on the type of vending machine installed, but typically ranges from around $5 per month for simple stand-alone machines, such as gumball machines, to as much as $50 per month for coffee and snack vending machines that require electricity or water.

Motivation is one of the most powerful driving forces in the workplace. It can mean the difference between tremendous success and failure.

Motivation stems from two sources. The first part of motivation is external or extrinsic (outside the person) sources. Other motivating factors come from internal forces, which are mainly your thoughts, patterns and collective experiences.

However, humans are unique, so what motivates Jack will not necessarily motivate Jill. You -- and only you -- will be able to determine what works.

Take the time to examine what internal and external factors are motivating you as a business owner. What can you do to enhance and refine your motivation to make yourself more productive and more fulfilled?

Here are seven keys to motivation that may prove helpful.


In handling a vending machine business, careful preparation should be done to gain more profits and reach success. In any business, it is very important to be consistently equipped towards captivating customers. Most victorious companies are those who use strategies that can guarantee them of positive feedbacks from frequent or new customers equally. Actually, there are various modus operandi by which vending machine marketing becomes effective but only if it is carried out properly and with the loyalty and support given among those who are involved.

Financing from Family and Friends
If you do need funding then a loan from friends or family would be the best way to go. If they have a lot of trust in you and you are sincere with them this arrangement can work well. If things go bad though you can risk losing a lot more than your business.

Investors
Alternatively you could look at taking on an investor and giving them an ownership stake in your business. Potential investors would probably want to see a detailed vending machine business plan. They may also want to have an active role in the management of the business in return for their investment. For the small amount of funding required you are usually better off having 100% ownership of your business and having full control.

The vending machine business is one of the best you need to know about for long term investment. The smart investments you can make out of your limited seed capital today will eventually determine how soon you break even and reach the pinnacle of your domain. Installing vending machines is one such innovative concept worth exploring. Try exploring a vending machine business as a starting point to showcase your products to a large set of potential customers.

You can now save on a lot of rental by not going for a physical store, hiring an expensive salesman, costly marketing strategies and rolling out a big sum for their daily upkeep. By buying a new, rented or a used vending machine you can easily gauge the response of your new line of products. Install a vending machine in a place that is frequented by a lot of people and it can give you a lot of valuable insights into the user response to your products. The sales might be very slow initially but if your product offering is robust and of value then nothing can stop you from raking in those much needed sales revenues in the initial days of your business.


1. Is This the Business I Want? As yourself: Am I considering this business because I like it or because there's money to be made? While it's important to make money at a business,  it's more important to make money at a business that you are passionate about. With passion, you'll have the extra drive necessary to keep you going in difficult times.. 2. Where Will I Be 5 Years from Now? Looking ahead to your future will help you identify your true desires. For example, if you say: “I'll be doing something else, this is just temporary, I really want to....” Well, then let me say, why wait? Move on to what you really want and put your effort into that and make  work. If you see yourself as being successful in your current business idea, then you are on the right track.

Vending machines are a lucrative business they can make passive income for you. It work for you 24 hours a day and don't require a lot of time and attention. The important things is to keep them stocked with fresh product and to remove your money each time you service the vending machine to reduce your loss if someone breaks into your vending  machine. Here's how to get your money.

Instructions
  1. Open the vending machine by inserting the key into the lock. The front door of the machine pulls or pops open.
  2. Locate the money tray inside the vending machine. This is usually locked but the same key that opened the machine is usually the key for the money lock as well.
  3. Remove the money tray carefully after unlocking the compartment. The tray should be full of coins, so it's heavy. Take care not to tilt or turn the tray sideways as the coins can spill out.
  4. Empty the coin tray into your cloth coin sack or whatever container you're using to hold your coins. Use a different coin sack for every vending machine you have so you can count the money from each machine separately for inventory purposes.
  5. Replace the coin tray back inside the coin compartment exactly as you found it. Make sure the coins drop into the tray by inserting coins into the vending machine. Move the tray accordingly, so it's directly under the coin shoot.
  6. Finish servicing the vending machine and close the door. Make sure it's locked to protect your products. Go to the next machine and repeat the same process.

A lot of people believe that profit is difficult to make in vending machines franchise and the earnings are not good enough. Basically, the sale of the vending machine significantly depends on its usage and the place you put it. You need to have a business permit or a license to be able to set your vending machine in the right location.

The start up cost for businesses for instance in the vending machine industry varies depending on kind of vending machine that will be used. In most cases, individuals normally begin with just one or a couple of small machines just like a candy vending machines. These machines are more affordable but they produce plenty of vending machine income. You will need to consider the price of the machine and the cost of the candy.



If commercial vending machines are the type of business that you are searching for, then there is a wealth of information regarding vending machines and vending paths accessible online. Some people choose to get involved with the vending machine business by buying an existing vending route.

The distributors that deal with your location will be able to give you guidance about getting into this type of income opportunity. The vending machine income that you could realize from your vending machine business is dependent on several variables such as location, type of product you sell, and contract with location owner.

Once you make time to review the business with a vending machine supplier, you can get a great estimate of the costs involved in operating this kind of venture. Keep in mind that you also have to deduct the commission that you pay for the business enterprise owners of the locations where you place your machines.

Running a business from your home offers many benefits, but there are pitfalls as well. Distractions abound, and family and other responsibilities can intrude on business time.
But the productivity lessons you learned in the outside world still apply to a home-based business. A well-organized and well-managed business is a productive business. Here are some tips to help you make the most of your time and keep work and home life separate. 

Vending machines that sell candy,potato chips,or other products always require coins or dollar bills to be inserted,to make a purchase. Vending machines of the future may have facial recognition systems built into them,so putting money into the machine would be unnecessary. A facial recognition system is basically a camera connected to a computer. The camera obtains a picture of your face,and the computer identifies your face,by comparing it to pictures stored in it's data base. In order to use one of these vending machines, you would have to register with the company that owns the vending machine. You would be able to do this over the internet. First,log on to their website, and fill out the on-line application

Have you ever thought about starting a vending machine business? If you think you would be interested in this business you should attempt to buy a few vending machines. However, you have to be careful in choosing a vending machine. Performing several investigations will certainly help you select the best vending machine.

You have to purchase vending machines which will be profitable to your business and not increase more expenses. If you want to know more about how to buy a vending machine, then you have to read this article. It will give you the details about how to buy a vending machine.

Often we come across terms in regards to doing business online that we are not 100% familiar with. Sometimes even several terms that are mistakenly interchanged to the point that the true meaning of each gets lost altogether.
According to a recent survey, two such terms are "passive income" and "residual income". Both are often associated with Network Marketing opportunities... but today we're going to explore their true meaning, as well as other online opportunities to earn one or both types of income. 

Residual Income
Recurring payments that you receive long after the initial sale is made, usually in specific amounts and at regular intervals.

Passive Income
"Income derived from business investments in which the individual is not actively involved"
Passive basically means "inactive" or "submissive", so Passive Income could be viewed as money that you make that doesn't require an effort from you.


It seems that in times of economic uncertainty many people begin looking for alternative income possibilities separate from their regular day-to-day jobs. There are several problems of course such as:

1) Start up capital or financing
2) Which business opportunity
3) Risk
4) Technical expertise
5) How long before realizing returns
6) Time required to operate the business

There are several issues that need to be dealt with if you are running your own vending machine business. It is essential to understand the nature of problems that you may face.
  1. Right place: Placing the vending machine at the right location is the key factor to ensure that your vending machine business is profitable. Suppose, you decide to buy a toy dispensing vending machine and place it outside a pub. On the other hand, your competitor also buys a toy dispensing vending machine and places it outside a children's park. In this case, your competitor would definitely earn more than you. Your competitors' machine will sell the entire stock even before you manage to sell one toy, because your machine is not at the right location. Location plays an important role in the success of the vending machine business.
  2. Increasing competition: The fact that there is a very low initial investment needed in order to start a vending machine business is a major factor which is responsible for increasing business competition.

The vending machine business is a great way to earn profit within a few months of starting the business, and if owned solely by you, you can also enjoy the full share of the vending machine business profits. The vending machine business advantages are:
  1. Be your own boss: With vending machine business, you can be your own boss. It is you who will determine the vending machine business plan, and decide which vending machine to buy, among the different available vending machines like soft drink dispenser, toy dispenser, gum ball dispenser, etc.
  2. Low initial investment: The investment in vending machine business is small unless you are going in for bigger vending machines.
  3. Less time and efforts: Buying the right vending machine and setting it at the correct location does not take much of your time or efforts, especially if you have connections with local businesses and stores.

By owning a vending machine business, you can be a part of the ever growing billion dollar retail industry, which has proved to be a boon for both - people associated with the industry as well as the customers. By starting a vending machine business, you can earn good amount of money, even if you are not physically present at your business premises. The success of this vending machine business depends on the quality of service you provide your customers. Now the big question is - 'Is vending machine business profitable'? Given below are some vending machine business plans, which will be useful to achieve your business targets and answer all your queries.

The answer to the question -
how to start a vending machine business, is by following a properly designed and well executed vending machine business plan. This vending machine business plan will consist of setting realistic targets for your enterprise, planning well in advance for its future, inventing new business strategies, understanding purpose and future growth prospects of the business by setting right objectives and mission and arranging for initial business capital. Here is a well chalked out vending machine business plan to start vending machine business.

If you are considering business alternatives, vending machines are a good place to start. Once the experience is accumulated they can make for some hefty profits.

Here are a couple of tips for getting you started.

1. The object of the sale can be crucial to the business but it can vary from different types of beverages to hygiene products. Product demand and profit margins are to be studied thoroughly for each type of product. For example candy and gumball machines return a profit greater than the actual product value but the sales have to be larger or you need to have more than one machine in one place.
2. Once you have decided on a product you have to choose a proper location, where people stay or gather, places like lunch rooms, bus or train stations, access ways. The location is of critical importance and must be according to what you are selling – for candy, balls, gumballs the best places are where kids may wait like in front of restaurants or at zoos. Restrooms or airports are the best locations to place vending machines selling condoms or tissues.

3. The vending machines can be either rented or purchased. It is usually much cheaper to rent a vending machine but the new ones don’t come very expensive and if they are successful, studies have shown that they pay for themselves in less than a year’s time.

4. Used machines are another way to go. Letting aside the price advantages for this option you can find that many companies that sell used vending machines offer a reasonable payment plan and even guarantees that their machines will work without any problems.

5. Browse the web for special offers. Many manufacturers now sell their vending machines online and offer great deals on new or refurbished products.

Other customers have emailed the following tips and ideas which may help your business!!
  • General Vending Machine Tips
  • Bulk Vending Tips
  • Snack & Soda Vending Tips
  • Jukeboxes 
 General Vending Tips
  • A well maintained vending machine will be used more often than a neglected one.  Service your vending machine often and it will yield a bigger return.  Keep records.  Change slow moving products to alternatives.
    Spread out your route, it will bring up your sales average.  Service your machine yourself and when you're comfortable with it you may  want to hire someone to help you. Check their work regularly.  The more selections of products you put in a location, the more profit that  location will bring in.
    A colorful machine will bring in more revenue.
    Check with other vendors to compare notes.
  • Try not to go the same time to, collect your money like every Monday, on the 1st. You never no who is watching you. Try and go different times of the week or month. Its good security
  • I think I have a great idea how to avoid paying a % of your profits. Say you have one machine at Miller Auto and you want to put one at Ace Hardware but he wants a %, tell him you will put some kind of advertising of his on your vending machine at Miller Auto. If it's a franchise it just might work
  • always look below the vending machine people always drop money under i looked and found 5 dollars in one week once
  • When approaching a new location, take a "gift basket" filled with a good variety of top selling items to distribute to employees. Be sure to include several business cards so that the employees are familiar with your business name.

Your thumbprint might soon be the key to an afternoon candy bar. A Massachusetts based vending machine company is joinng the growing ranks of companies that are field-testing new technologies.
Next Generation Vending and Food Service is experimenting  with biometric vending machines that would allow a user to tie a credit card to their thumbprint.

"For a certain demographic that is pretty cool," says company president John S. Ioannou.
Next Generation is currently testing about 60 of the biometric machines in various locations in the northeast.

The company is also testing other technologies. Ioannou says the key to the transforming the vending machine business is making the consumer feel more engaged.


As you know, vending machines come in different sizes and forms as do the products the customers can purchase from them. Most electrically-operated machines can accept both coins and bills and then there are machines that only accept a specific coin denomination and reject the rest.
One of the most common problems one faces when dealing with vending machines is jamming. It is either the customer inserted the wrong coin or the bill is crumpled but ultimately, the customer loses money and does not get the product he or she wanted to buy. It also means that as an operator, you need to get the vending machine serviced to remove the coin or bill stuck in there.

Simply put, it is bad for business as the machine remains unavailable while something is lodged in the very mechanism that actually allows you to earn. This is a loss-loss situation for both the customer and the owner that should be avoided as much as possible.

In the bulk candy vending realm, the quarter vending machines reign supreme. They have become sort of de facto in this particular niche of the vending industry. Gum balls can be sold at 25 cents apiece and the machines can be calibrated to dispense the appropriate number of candies for the same amount.

Instead of just jumping into vending and hoping for the best you should prepare by doing as much research on the subject as you can. Let's consider some of the vending machine business information sources that you may use to get a preliminary understanding of the industry, some data for your business plan or some solid advice.

Advice from Other Vending Machine Business Operators
The best way to get advice and information about the vending business would be to ask some existing operators about the local industry and their businesses.

Due to the competitive nature of the vending machine business some business owners may be unlikely to share a lot of information and may even discourage you with false information.
However some of the more established operators care a lot about improving the often bad reputation that the vending industry has. They may be keen to see new operators start out properly instead of having them end up adding to the myth that vending machines and their owners are not to be trusted.

If you try to get talking to a business operator while he or she is re-stocking one of his machines you may be able to get some information out of them as part of a polite conversation but it is unlikely that they would spare a lot of time to go into the details.

What is a good location? This question is relative, based on your company's size and goals. A national vending concern considers a good account to have gross sales over $240,000 per year ($20,000 per month), whereas a small vendor working out of his garage might consider an account with sales of $6,000 per year ($500 per month) to be a good account. Start with your goals. What kind of vending machine business do you want? How much capital do you have? What are your operational plans? Is this a full time venture for you or a part time income?

For example, a vending machine account that generates $20,000 per month probably will have at least 6 vending machines (3 sets, snack/soda). These vending machines would need to be late model or new, an investment of at least $15,000 in equipment. To service an account of this nature, a vending machine operator would require:
* $2,000 in parts for immediate repair - Customers like this expect service calls to be completed within 4 hours of the initial call.
* A running daily inventory of $5,000 in vending machine product
* Service 2-3 times a day
* Fully insured - liability, workers compensation, etc.
* Paying a commission
* Driving a late model vending truck ($40,000)
* Extremely professional demeanor
* $62,000 in initial capital investment, plus ongoing expenses (telephone, office expense etc.), before the first dollar is generated

As you can imagine, this type of account is very rare, could require even more equipment than we discussed here, and is highly desirable.

A vending machine account that generates $500 per month can have as little as a single vending machine, which could be older and might even have been free. Servicing this account is much easier, requiring 2 route stops per month, service calls handled in a reasonable amount of time (within 5 days), could be run out of a car or pickup truck, would not be a commission account (unless you are crazy), and would have little ongoing expense. These accounts are much more plentiful and, therefore, less desirable.

When buying used vending machines, the best ones to buy are the ones that are 100% metal. When you see a used vending machine on sale, the price is usually a lot lower than if you purchased it new, which is a great way to get started in the vending machine business. If you are looking for a home business that you can work on your own time and for which you don’t need to hire staff, then take a look at some of the used vending machines that are available. 

You have to be careful when buying used vending machines. This is because the coin receptacle doesn’t usually get replaced if the currency changes, such as dollar bills being changed to coins. This is something that you do have to check out. Check over the used candy vending machine if that is the kind of vending machine you want to use by putting in coins and seeing how easy it is to get the candy. This will give you an idea of how well your vending machine business may go. If the machines are easy to use, you will have many repeat customers. If they are difficult to use, then customers will avoid your machine when they want candy, a snack or a drink. 

You will find many used vending machines for sale if you do an online search. Some of the companies that have the vending machines for sale offer a guarantee that you will not have any problems with the machines that you buy from them. When you compare the price of a new snack vending machine with the price of a refurbished machine, you can save yourself thousands of dollars. With this saving, you don’t have to wait as long to recoup the cost of the used vending machines from the sales of the products.

Every chain store has their own sort of entity. What you are going to find to be the best way is to go in and talk with the local manager of the store. You want to actually set it up this way because that is the best way to find out and get your information right.

One thing to consider is that some of these bigger chain stores might have a contract with a company already. What happens is that some bigger companies in cities will put bids out. What a bid is, basically like an application, or you have to fill out an application to bid on putting in vending machines in this facility.

You wouldn’t just be providing vending machines for that store, you would be providing vending machines for a bunch of stores in that area, like their chain of stores.

But your first source of contact would be to contact the management first, and simply ask them, What is your vending situation like here? Do you have any vending machines? How is the service? I have a couple of machines that I would like to place here.
I would say the best thing is; instead of going right to the corporate office, go to the local management and ask what they feel is the best route to take with that. Once you get into the corporate end of things, like corporate management, you could be chasing most people all day long for months and months. There are some websites out there that actually you can go to where you can be a member of their site and see what bids are coming up in your area.

It’s time to turn our attention to whether vending is a viable business to enter, as well as the average cost for a very important part of the business: the vending machine.
 
Is vending a reliable business venture?
The first recorded vending machines date back to the first century B.C., but came to prominence in the late 1880s. These were primarily postcard and gumball machines with simple mechanisms, a single selection and accepted one coin.
The snack and soda machines we recognize today – multi-selection, accepting multiple coin types, dispensing change – originated in the 1940s. In the ’40s, of course, vending machines accepted coins only, did not dispense change, and limited selections about 20 items. These were fully mechanical vend mechanisms and required no power to operate the vend cycle.
Early soda machines required power to refrigerate the product. The modern vending machine design with spiral dispense, full change capacity, dollar bill acceptance (usually by dollar bill coin changer), 30-40 snack selections, and up to 10 soda options, came to being in the late 1960s and was refined in the 1970s.

Improvements in vending machine technology since have been base on electronics and computer innovation, with standardization of protocols and improvements in currency acceptance. Ultra-modern vending machines can accept a variety of payment types – credit cards, large denomination bills (up to 0), cell phone charges (charging a product to your cell phone bill) – can be monitored remotely by Internet, can produce sales figures to individual unit numbers (sold 13 Snickers and 8 Doritos out of this machine last week), log machine entry times, and can even provide surveillance with camera technology. Yes, we’ve come a long way, baby.
So how is this history lesson relevant? Vending machine technology is responding to market need. The successful vending operators have driven this technology with their purchasing habits. Like all businesses, if technology affords a profitable advantage, that product has a market. The fact that the vending machine manufacturers have continued to produce better and better vending machines means that the vending business is a reliable venture when run properly.

Facts you should know about vending

Vending machines are machines that dispense food items, beverages, toys or other items for a fee. Vending machines can hold many different types of items, such as cold drinks, coffee, candy, cookies, sandwiches, cigarettes, bubblegum, gumballs, newspapers, ice cream, ice, healthy foods, soda pop, water and snacks. Most vending machines are coin operated, but some operate with a lock and key, or by code. You can find vending machine companies by looking online for one near you or by checking your local phone book. 

Consider which type of vending machine you need for your business, such as soda cans, juice beverages, and coffee. If you're an antique store owner, you may be interested in antique vending machines for your business. Some liquor stores may even offer beer bottle vending machines. When wondering how to choose the vending machine for your location, check out several different vending machine companies and their backgrounds. Target vending machine companies that offer the specific type of machine you want, such as crane, claw, mini, manual, automatic, ATM, carousel, bulk, personal, combo or vending machines for capsules and stickers. 

Find out how long the companies have been in business, what their hours are, and what their service availability is. 

Find out if the company or franchise is properly licensed, and get written quotes and prices for all services. Inquire as to what type of vending machine services are available, such as repair, as well as accessories such as labels. 

Ask how often the vending machine company representative will come by to refill items. Work out a schedule in advance and get it in writing. When choosing a vending machine company or franchise, research the various types of vending machines available. Research various vending machines online, where you can find reviews, prices, photos, and troubleshooting tips. 

Vending machine business profit has always been the topic of discussion in the society. Many people are eager to know how much vending machine owners can earn and how profitable are vending machines in general. The answer to the question, is vending machine business profitable is YES, provided you follow some rules and regulations. The vending machine profits are sometimes very huge while others have to struggle a lot to reach that level. 

How to Earn Profits in the Vending Machine Business


Arrange for Finance
The profitability of vending machines is great, however, this business requires money or credit at every stage. If you are cash strapped, then you may have to postpone buying the products from your suppliers and this will hamper your business prospects. So, you need to ensure finance at attractive rates of interest to increase your business volumes. If you find it difficult to get loans sanctioned, then bring in a business partner and divide the expenses equally.

Look for the Best Location
The answer to the question are vending machines profitable is surely a yes if they are located at prime locations. The vending machine business profit would naturally be high if you are able to sale more products to more and more people. So, crowded streets, shopping malls and multiplexes would be the best options for setting up vending machine business. Vending machine profits would be high if you cater to the customers in rich localities because of their high spending power.

Read more>>

If you're familiar with the concept of passive income, you know it's the best method of generating a long-term return on your time and effort. A "stream" of passive income can range in scale from a single project or investment to an entire business. In this article, I'll help give you some ideas on where you can start.

Instructions


Things You'll Need:

    "The desire to create passive income."
  1. First of all, a good financial education is the key in all of this. I spent over a year just reading on this topic before I leaped into action on ideas that I had no idea were going to work or not. If you've been in an employment situation for most of your life, this concept takes awhile to get your mind around. It's not "get-rich-quick" but at the same time it's worth it because you'll get both more time and money if you're successful.

  2. Start small and focus on stability. I've found it's better to start a small project (keeps you from going into debt) and grow it to the point it's stable. This way your time is free to start a second, third, fourth, and so on while the previous projects continue to bring in an income. You do this enough times and your income is "stacked" to the point you can transition into what most people call retirement.

  3. As far as what you can specifically do, there are unlimited opportunities out there. If you're an expert in your field or have a specialized hobby, you can write advice articles and books. On-line businesses are good options as well, again if you start them small and keep them debt-free. Traditional small businesses are more expensive to start, but if you do the research there's still many fields where you can make a good income (the passive element is from repeat customers or eventually hiring employees who handle the work). Through the real estate market goes up and down, I've known people who have done well after putting a lot of research into it. Just in general, brainstorm what you would enjoy doing and make sure you have a plan ahead of time.

  4.  Don't get discouraged if results seem small or don't seem to be happening very rapidly at first. I think that's where most people get frustrated and give up too quickly. Passive income is made over time not overnight.
By: Patricia Gilliam

Money, income, bills, investments, does the sheer thought of them make you want to shriek in disgust, curl up into a prickly ball?

What an advantage to those with reliance on advisors of financial savvy! Early on in their lives, while the rest of us still trying to make some sense of the financial world! How many times did the thought strike you "I could be rich now, if only all these facts had come to me as a kid, or at least much earlier." Why then would you let your child experience the same lack of practical financial strategy?

Hillary Adams, a former white collar worker, felt the same, every time her son asked her for an advance. All her talking about not having enough money and his having to be more careful with his spending did not seem to be understood by him.

She needed facts, a way of demonstrating, and soon. About the same time she quit her job and went into business for herself, she began digging for a sensible solution.

First, many nights were spent in books. She discovered the term “passive income” and a fascination with its concept.

Passive Income
Does it mean it just “sits there,” regardless of what one does, it's inactive? Not exactly. Passive income is cash-flow obtained without linear time involvement. In other words, while you sit on the porch knitting, your passive income is generated, non-stop. You only had to do the work once.

Secondly, after Hillary discovered this concept, thought of all the benefits of doing business this way. She began to motivate herself for several days into finding a way to make a small investment, on behalf of her son, with a very important “switch” in mind.

Here is What Hillary Adams did:
She bought a small table-top game machine. As the contraption was delivered, and she and her son Aaron unwrapped it, she let him try it out, play with it, answered his questions, and finally told him: "Aaron, this machine is yours. And even better, all the money it's going to make is yours. However, I am only able to lend you the $227 it took to purchase the machine for a little while. You must pay it back. I'll help you set up the machine the rest is your business. Now, honey, tell me, can you do it?"

Aaron thought for a minute. His answer surprised Hillary: "Mom, I don't know if I could do it by myself. But with you there, I guess so. And after that….Yes, mom, I guess I can do it."

Thirdly, as they set up the machine in a few days, and impatiently waited for their first cash pick-up day to arrive, Hillary noticed the benefits of her actions had already begun to materialize and she was quite pleased.
The exciting “switch” she had intended had taken place, from her son's waiting to be given money to his own plan of action, from “give me” to “I can do it MYSELF.” His attitude, after re-paying her the amount for the table-top game machine would now be the one of a responsible business person. Now that he had done it once, he would always be able to do it. He would not remain in the "poor" thinking mode.

He would eliminate the feeling of lack of money from his life, while he now had the self-esteem and confidence to invest the surplus of his machines, after purchasing a few more, in his very own college fund.

The Moral
Without looking, you don't find. Such a small change is bound to turn Aaron's life around, for he is already on the way to becoming an accomplished business owner. "How old is he?" you ask. He's only 12 years old.

Wouldn't you like to take a vacation whenever you want, or have your wife stop working so she can look after the kids and still keep up the payment of your bills? Well, if you wish to achieve this, you need to build a passive residual income.

Definition of passive residual income:
The definition of traditional passive income is "Income generated with minimal work from your investments such as interest, dividends, or real estate rentals." However in this article we are discussing creating a passive income online. Investment of time and money is initially required to build a passive income online, then possibly minimal work thereafter.

The benefits of generating a passive income:

1. Make a strong initial effort to get your income started, then do minimal work (or virtually none) thereafter, resulting in earning more and doing less.

2. Freedom to choose when and where you wish to work.

3. Your passive residual income is not dependent on a 9-5 work week and can be generated 24 hours, 7 days a week.

4. Able to give yourself a pay raise whenever you want by creating multiple income streams.

5. Create an unlimited amount of income - you are only limited by your imagination.

6. Have more free time to spend time with your family, friends or go on vacation.

7. Ability to give to charitable causes


8. Create residual income for your future retirement.

There are many reasons why you might want to start a vending machine business. The more informed you are, the more you are going to be better prepared for making the right decision. If you are considering a vending business, or have thought about it, there are some good advantages to the business owner.
First, you can operate with all-cash. Excluding the many credit-card capable machines out there, you will love the ability to operate with all-cash, away from the potential problems of having to deal with credit card acceptors. In addition to this, think about all of jobs you had that allowed you to operate on your own hours, without a strict time schedule? Having the freedom to do what you want, when you want to do it, is an important thing to consider. As well, you could enjoy more time with family and friends, away from your job, while your machines work for you and generate potential profit.
Secondly, you could enjoy having a low startup cost. If you plan on operating a business, but stay away because of the initial investment, then look no further because you could enjoy the lower startup costs, which saves you money. As well, consider all of the tax you might have to pay as a business owner, which in this industry there are substantial tax benefits you could enjoy, which potentially save you even more money.

There are so many different types of vending machine and you may be wondering how do vending machines work. Some vending machines provide snacks like chips, candy and cookies to name a few. There is also vending machine that provide cold and even hot beverages, you can also find vending machines with lunch items in it such as sandwiches. Sometimes in airports you will see vending machine with iPods and other great electronics. All these machine work just about the same way, the machine accepts payment and you select the item code you would like. This is all done electronically, basically computerized. Some vending machines also have refrigerators or freezers installed in them to keep the food fresh and the ice cream frozen.

You Asked:
How does coin recognition in vending machines work?

My Answers:
For human beings, recognizing if a coin is real is pretty easy. We can look at the coin, weigh it in our hand, feel the temperature, listen to it hit the floor, etc. If someone handed you a coin replica made of plastic, you would immediately know it is fake even if it looked authentic to your eyes. If someone handed you a blank steel slug, it would obviously be “not a coin” because it wouldn’t look like a coin at all.
What we take for granted as humans is not so easy for a vending machine. A vending machine needs a relatively inexpensive way to detect if a coin is real.
If you look at vending machine you can understand how the simplest possible vending machine recognizes coins. It uses the simplest possible coin detector. All that it looks at is the diameter of the coin.
In something like a soda machine, there is usually a more sophisticated recognition system that usually depends on: A) diameter, and B) magnetic fields. 

Vending business

Vending business is an automated business system with the use of vending machines.


Vending machines offer vast product lines to provide, mainly food and beverages, such as snacks, canned sodas, candies, etc. Other type of products can include: newspapers, public transportation tickets, and even iPod.


I keen on vending business due to the inherited passive income capability. Moreover, with its premise of “convenience – anywhere, anytime,” vending business is recession-proof, because it answers people’s need for convenience.


Any experience in running a vending business? Please share by commenting on this post.


Leveraging success


Success can mean anything – more time with the family, working whenever and wherever you want, etc. – but the most common measurement of success is – surprise, surprise – money.


Having ‘excess’ money means more opportunities – either to spend it lavishly or invest it. I prefer the latter, and I hope you do, too.


Leveraging your success – in this case – your money, is crucial in your path to financial freedom. You have to find ‘vehicles’ to make your money work hard for you, not the other way around.


One way to do it, is to owning businesses that don’t require you to actively involved in them, producing passive income streams for you.


The ideal passive income small business opportunity


Almost all type of business can be turned into passive income businesses, but there are certain types of business that, by nature, allow you to practice passive management and to earn passive income.


My take on passive income businesses are: all things automatic, such as automatic car wash, and coin-operated businesses, such as laundromats, phone booths, and vending business.


Of all, I keen on vending business.


Read more>>