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The Pros and Cons of a Vending Machine Business!

Category: Recent Articles  |  Permalink

Published: Friday, June 7, 2013

A vending machine business is a simple yet profitable pursuit that most anyone can undertake, regardless of education, background, or income level.  However, as with any business venture, there are issues that should be recognized before jumping into the industry.  Individuals with the entrepreneurial spirit understand that business often involves taking risks, and the vending business, though relatively reliable, does have some potential risks.

 

The Pros of Owning a Vending Machine Business

 

The most important positive attribute for most owners is the freedom that being your own boss provides.  No more clocking in at an office, sitting in a cubicle, bowing to the whims of a critical boss, or dealing with office politics.  Owning any business provides freedom; with a vending business, you are free to set your own hours, work when and where you want, and by purchasing as many or as few machines as you want, work as much as you need.

 

Another positive for most owners is the money.  Placing a few pieces of equipment in a few select locations will not make you rich, but should serve as a good second income. Placing several machines in several profitable locations, will not make you wealthy, but can make you independently self-employed.   Expanding your reach with more machines, can significantly boost your income and perhaps move you into another tax bracket!

 

The Cons of Owning a Vending Machine Business

 

The initial downside is the upfront money needed to start in the business. Though it is possible to buy smaller and cheaper machines, this is not usually the best way to go because this type of equipment does not generate as much income. Many people will have to finance the equipment to start a business; financing allows you to start without shelling out a pile of cash, but loans are still liabilities on the balance sheet and money that you owe.

 

Unless you are a great salesperson and do not have issues with cold calling businesses to place your machines, another outlay of cash needs to be on a vending locator service.  Though you can do all your own placements, letting vending placement experts do the job for you will get your machines in ideal locations so they can immediately begin generating income.

 

Most entrepreneurs understand that it takes wise choices and well-researched investments to make money.  It often follows that the more machines you purchase, the more revenue you will see.  Paying a vending location service also pays dividends, but requires additional money.  Just like any business endeavor, it takes money to make money!

 

The other downside to the business is the potential costs subsequent to starting.  Theft and vandalism are a common problem; products have to be replaced and equipment has to be repaired which will reduce profit amounts.  Even if machines are never vandalized, they will still require repairs from time to time.

 

The vending machines business is no different than any other type of personal business - it takes hard work, dedication, a little bit of luck, some quality advice, and an understanding of the benefits and the risks.  The more you know before you start, the more  likely your chances for success.

 

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