Wednesday, February 22, 2012

Vending Machines Won't Make You Money!

I know some of you running a vending enterprise are reasoning is this guy off his rocker? Vending machines do make money, they're a 24-hour laborer that never sleeps, eats or asks for a raise. And to an extent you're all definite but has it ever occurred to you that the vending engine is only your tool of choice to earn your living? building workers use a hammer, truck drivers use their truck, and venders use their machines.

So what's the point? The point is the type of engine your using isn't the be all end all of your business. The first vending engine sales man I ever encountered was selling a new develop of Bulk candy machines. The kind you'd see in a department store or mall. He preached about the increase in sales his clients were seeing, but the cost of the machines was astronomical. I asked him a easy query about how a engine could increase sales, and voila I had found the hole in his pitch. It can't, if a engine has M&M's in it and accepts quarters whether an older style or newer type of engine has the inherent to close the deal.

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So what makes you money in the vending business?

Vending Machines Won't Make You Money!

The magic ingredient is you! A easy scenario, you have three snack machines. You pay a locating enterprise to place these machines, and you run nearby town collecting money and re-filling them. After about 6 weeks of doing this you realize that the whole you gain each week is barely worth it for the running nearby you do so you resolve to sell the machines and chalk it up to the vending business just wasn't for you.

With this example you're involvement in the enterprise is more or less an employee. You'd be doing the same thing with the same level of involvement if you worked for the large vending enterprise in your town. How can you turn this around? Simple, your vending businesses success depends on you. Your job is to place machines, and contribute the best buyer assistance possible. Are the engine placement company's interests in you? Nope, they get paid whether your machines make money or not, the profitable accounts are dug up from your hard work, networking, and sales abilities.

So what more can you do to have your best shot at success?

Don't use a placement enterprise to get locations. It's not the nicest part of the job, but all things is sales. You need to network, watch new businesses tantalizing in, new developments. Let every person know the enterprise your in, you never know who's office is having strangeness with their current supplier, or who's brother is tantalizing to a new office down the street.

Take care of the accounts you have. It can be easy to come to be complacent with your current accounts, you have them, each week there's money in the engine you fill it back up and away you go. Remember your best inventory is your competitor's whole one prospect. All the time interact with employees at your locations, find out if the location is satisfied with its mix of product in your machine. Let them know who you are, leave your feel info on your machine.

Last but not least All the time look professional. Remember what you're supplying may not be the most important part of a fellowships inputs, but there are also others that can do it. By handling yourself and appearing pro in dress and behavior you increase the chances of earning referrals to new locations, new machines at current locations, and decrease turn over. It's All the time less costly to keep a buyer then to gain a new one!

Vending Machines Won't Make You Money!

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