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Written by Spencer Williams. If you are looking to start a gumball machine business the following advice is for you. At Gumball. It all depends on the location. As long as you place your candy machines in high traffic locations , you are bound to have a successful gumball and candy business, as our gumball machines are very dependable in converting high traffic locations to money in your pocket.
Profits that will hopefully help you grow your gumball business with us in the future. So why choose Gumball. We would love to have you as one of our valued customers and we pride ourselves in going the extra mile. We offer an unbeatable lowest price guarantee on all our machines.
Vending Tip: Treat your customers like business partners. Be proactive in your communication. Click To Tweet Be responsive. Answer them in a timely fashion.
Every time. A good rule of thumb is to let your locations know you will get back to them within 24 hours of them contacting you. As decision makers are very busy though, be sure not to overwhelm them with your good intentions. There are a lot of people that want to see them each day. Get feedback. Make it clear that you want feedback in order to make this the best fit possible. That said, when you do receive feedback, respond to the reasonable requests in a timely fashion. Feedback is the easiest way to learn more about what your accounts want.
How to Start a Vending Machine Business: Everything You Need to Know
Expert vending tip: Hand-deliver your commission check to the decision maker and include a hand-written thank you note. Great customer service is the key to building lasting relationships with your location. Become a master of your machine equipment so you can reduce down time and keep your accounts happy. Find creative ways to engage with your customers. The question you need ask yourself is which option makes the most sense for you.
Without experience in vending, this process may take up to a year before you get up and running with a couple of machines. The major advantage here is that you have a ready to go business — no need to purchase your own machines or find locations. Generally speaking, this option requires less upfront time, but depending on the size and quality of locations, it can be the most expensive option. Make sure to thoroughly research the existing business and analyze the current sales figures to ensure that the money is worth the price. In this situation, you get to partner with a company that has an established brand, a proven business model, and a dedicated sales team to help you secure vending locations.
In most situations, you also get machine training and sales support varying on the opportunity throughout the entire location acquisition process, and on the franchise side this will generally extend throughout the life of your business. You also benefit by joining a community of other vending business owners. It depends on you, your situation and your goals.
Your three main choices are 1 start your own vending business, 2 Buy an existing route, or 3 Buy a franchise or business opportunity.
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Here are the six steps to starting a vending machine business. You become your own boss How many times have you daydreamed about answering to nobody but yourself? Your business has a positive impact on the community With increased legislation and higher demand from consumers for healthy products, vending has shifted into a way of helping people make healthier decisions throughout their day.
Vending Machine Equipment What type of technology can help you get ahead of traditional vendors and work more efficiently Take Me to Part 2. Vending Machine Locations The secret to finding and securing contracts with only the most profitable locations for your vending machines Take Me to Part 3.
Vending Machine Products Learn the best distributors and wholesale outlets to get products for your vending machines Take Me to Part 4.
How to Start a Gumball Business
Startup Strategy Discover the different types of vending business startup options out there and which one is the best suited for you and your appetite for risk Take Me to Part 6. Who Are We? Why We Wrote This Guide. The first English vending machine sold apples and postcards. FACT: The money is there for the taking, but you must work to earn it. A basic internet search will yield all of the possible benefits of registering your LLC as: A small business through the SBA A veteran-owned business A women-owned business A minority-owned business A business owned by someone with a disability deaf, blindness, etc.
This is not an extensive list — but should certainly get the wheels turning! Take Me to Part 1. How to Choose The Right Vending Machine Equipment There are several different types of vending machines sold by healthy vending companies. Take Me to Part 2. Take Me to Part 3. Take Me to Part 4. Take Me to Part 5. Choose The Right Startup Option For You There are several different ways you can actually start a vending machine business including joining an established business opportunity or launching a business on your own.
The Why Factors. If you really do homework, you can find successful people in every one of these categories. Ask Yourself These Critical Questions:. The New Era of Vending. Like they say in real estate, the most important thing is location, location, location! Locations with a lot of foot traffic are the best locations to target for your vending business.
Generate high quality leads L eads, leads, leads. B efore making contact with a qualified location, you need to plan your contact strategy.
To do this, you need to clearly define what your primary objectives are for any given meeting. Qualify Leads N ot every location or lead is created equal. If so, who is their vendor? Do they have a contract with their current vendor? If so, how much longer are the locked in for and how happy are they with their current service? Do they currently receive a commission from vending machine sales?
If so, how much are they receiving?
Additional services being provided by their current vendor? To keep things unique and fresh, we recommend that you diversify your methods of communication in order to a make the process more enjoyable for the contact, and b yield higher results for yourself. The purpose of this strategy is to bring your business to the attention of target locations as quickly and efficiently as possible. Take a look at why the variables exist, what they mean for the location AND for you, and where the large opportunity lies. N ow that you have machines in the field, establishing systems that spread your message without your direct involvement will be one of the best optimization and growth strategies you can implement.
Key Takeaways Lead generation is one of the most vital parts of your business. Trends in Healthier Eating. Market research like sampling events and sales tracking will go a long way to help you arrive at the right combination. Nutritional Value — an overall trend in healthier eating means that your customers pay attention to things like calories, sugar and fat content more than ever before, so create a mix that includes healthier alternatives to traditional junk food. The products in your machine must also meet the guidelines for your specific location.
Take special care at schools and hospitals, where guidelines are strictest. Save money and increase your margins by buying direct from the manufacturer. Novelty — customers in your market may get bored with your product mix, so periodically introduce new products to avoid predictability and to keep the customer interested in your machine.
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