Starting Your Own Vending Machine Business
The vending machine business has always been popular with many just getting started with a new opportunity or home-based business. The idea has been around for decades, and is still alive and well today, especially with what seems to be a never-ending growth in population. It can be worth your time to shop around if you are looking for equipment to buy. Vending machines, which are used or refurbished, can save you thousands of dollars.
One thing to keep in mind when purchasing equipment new or used, is your bottom line. Your purchasing decisions will ultimately be reflected in your budget, so you do not want to overspend, but at the same time buy quality equipment that you can trust to operate for a reasonable amount of time. Saving money by cutting corners may seem like a good idea, but a machine in poor condition or half worn out with defective parts may cost more in the long run. Your income is dependant on the reliable operation of the vending machines you purchase. A broken machine produces no income.
Sometimes buying new will end up costing less when making a purchase for your vending machine business. This is true with other businesses such as landscaping, construction and so-forth. A shop that sells new models of vending machines, may often times sell refurbished models with or without warranties and service guarantees. You may also get a really great deal on financing or a rent or lease to own option, and use your saved funds for other things such as the purchase of stock.
When looking to purchase anything refurbished, look specifically at the warranty and the type of inspection done. Ask if the seller did the inspection in house, or if a “farmed out” company or contractor did it. It is probably preferable to go with the “in house” inspection option, as there may be more attention to detail by a qualified technician that works on wages, and needs his job. Service and repair hours and warranties are also something to look at, as they can be of obvious concern when something breaks. In general, warranties usually run one to three years but often include extended coverage packages and time.
No one can possibly tell you or know how long a refurbished or even new model of vending machine will last, or continue to operate effectively. One money saving option available when starting your vending machine business is to learn the mechanics of the machinery itself. This is especially helpful if one is mechanically inclined, or knows someone who is. You can find used vending machines for sale in classified ads and trade publications cheap, then take one apart and find out what makes them tick. This is a really great way to learn more about the business of vending down to the root level.
As with any opportunity or home-based business, learning the dynamics of every aspect of your vending machine business has its certain advantages and merits. Learning mechanical fundamentals takes time and is not for everyone, especially if you are a sports fan and would rather sit in an easy chair instead of learning new ways to save or make money with your business. The point is that real business people who excel at their trade or working environment will find ways to make and save more money. By learning vending machine repair yourself, you can also make the newer, or brand-new machines last longer as well.
StartingA Vending Machine Business