havending Posted July 18, 2014 Share Posted July 18, 2014 I share a good spot with SV and yesterday the owner told me that SV offered him 300 to boot me and let them place more machines. I know we have talked about front money here before but this is the first I have heard of them using. And I was suprized to be honest. Link to comment Share on other sites More sharing options...
ronsidney Posted July 18, 2014 Share Posted July 18, 2014 ive had them offer a chain of 4 grocery stores I have 2 years net up front, the net figure would be what I had been paying them plus 25% increase.. Owner told me about it and I made him printout and receipts from my company letterhead with extra 8K added in, owner told me he would give me part of the extra 8k if they accepted and we would still be friends...Service never contacted them back and went away and hasn't pitched that location anymore front money again. Link to comment Share on other sites More sharing options...
musser Posted July 18, 2014 Share Posted July 18, 2014 This is standard Service Vending practice. Very common. Also when SV renews a contract they often pay the total estimated commission for the contract term upfront. So in going after some of their better business you need to know the contract expiration date and have the check book ready. The upfront commission on a three year contract for even mediocre business can easily be five figures. The good thing is that SV does such a crappy job that you will usually see earnings 50% to 100% higher than what they had and you will gain a customer for life. Link to comment Share on other sites More sharing options...
Nick505 Posted July 19, 2014 Share Posted July 19, 2014 This is good to know. Thanks Musser. I have really been turning up the heat on them. More so then ever when a location called me and told me they were in soliciting one of my locations. Link to comment Share on other sites More sharing options...
havending Posted July 19, 2014 Author Share Posted July 19, 2014 They did not get my account. Between a buddy and myself I cover the bulk and he has full arcade and pool tables. SV was there first with bulk but it's a busy spot and they just let machines run empty poor poor service. They are not a company that works well with others. I have a hand full of guys I net work with and it's good for us all. There is a closed location with a SV crane, rack, and sticker machine that is about to be gutter and that equiptment is going in the open top dumpster. If it was one of my net work friends I would make sure they were able to get their stuff out. This is standard Service Vending practice. Very common. Also when SV renews a contract they often pay the total estimated commission for the contract term upfront. So in going after some of their better business you need to know the contract expiration date and have the check book ready. The upfront commission on a three year contract for even mediocre business can easily be five figures. The good thing is that SV does such a crappy job that you will usually see earnings 50% to 100% higher than what they had and you will gain a customer for life. Thank you for heads up Link to comment Share on other sites More sharing options...
LandJGroup Posted July 20, 2014 Share Posted July 20, 2014 They did not get my account. Between a buddy and myself I cover the bulk and he has full arcade and pool tables. SV was there first with bulk but it's a busy spot and they just let machines run empty poor poor service. They are not a company that works well with others. I have a hand full of guys I net work with and it's good for us all. There is a closed location with a SV crane, rack, and sticker machine that is about to be gutter and that equiptment is going in the open top dumpster. If it was one of my net work friends I would make sure they were able to get their stuff out. Thank you for heads up Net working is a win, win. It's great knowing healthy competitors have your back. I've ran into SV guys many times in the field. Really unprofessional from my in counters. Guy was on his phone talking loud as he serviced and dressed really sloppy. Link to comment Share on other sites More sharing options...
rodney69 Posted July 20, 2014 Share Posted July 20, 2014 I don't think there's anyone in my area that isn't a cut throat competitor. One big one is tyvend. I think they just bought their way into vending, but he runs I think the western 8-12 states Link to comment Share on other sites More sharing options...
havending Posted July 21, 2014 Author Share Posted July 21, 2014 I don't think there's anyone in my area that isn't a cut throat competitor. One big one is tyvend. I think they just bought their way into vending, but he runs I think the western 8-12 states Their web site has some smoke and mirrors. They show a target store on the photo section and there is not a target anywhere with vending. Link to comment Share on other sites More sharing options...
sprint54fan Posted July 21, 2014 Share Posted July 21, 2014 What is their website address again? Link to comment Share on other sites More sharing options...
rodney69 Posted July 21, 2014 Share Posted July 21, 2014 Their web site has some smoke and mirrors. They show a target store on the photo section and there is not a target anywhere with vending. I don't understand ha. They have a huge warehouse here in town. They do bulk, crane and other areas. Link to comment Share on other sites More sharing options...
havending Posted July 21, 2014 Author Share Posted July 21, 2014 I don't understand ha. They have a huge warehouse here in town. They do bulk, crane and other areas. Just saying they show a location that they don't have and can't get. Link to comment Share on other sites More sharing options...
caserri Posted July 21, 2014 Share Posted July 21, 2014 What is their website address again? https://sites.google.com/site/servicevendingcompany/ Link to comment Share on other sites More sharing options...
havending Posted July 21, 2014 Author Share Posted July 21, 2014 If I could find an old driver of theirs I would hire them just to pick their brain on how the company operates Link to comment Share on other sites More sharing options...
havending Posted August 17, 2014 Author Share Posted August 17, 2014 One of my locations told me that her SV drivers are rude and pushy Link to comment Share on other sites More sharing options...
Billnuts Posted August 17, 2014 Share Posted August 17, 2014 Find a young cousin or relative that's the right age they are hiring... let him work there and share all the locations , payouts... if they skim... and get to know the insides to screw them over.. bill Link to comment Share on other sites More sharing options...
havending Posted August 17, 2014 Author Share Posted August 17, 2014 Find a young cousin or relative that's the right age they are hiring... let him work there and share all the locations , payouts... if they skim... and get to know the insides to screw them over.. bill Killer idea. There is so much none of us know about them. Link to comment Share on other sites More sharing options...
Action Vending Posted August 17, 2014 Share Posted August 17, 2014 knowledge is power Killer idea. There is so much none of us know about them. Link to comment Share on other sites More sharing options...
hanihotdog Posted August 18, 2014 Share Posted August 18, 2014 up front money is here to stay. Bulk vending is a comoddity.. Unlike cranes/amusement... "service" is not vey important, therefore product and price are the only ways to differentiate. You cannot differentiate on product because there are only a few suppliers with similar stuff. What do you do when you know you can't win on product and service??? Sell on price. Should you Offer a higher split? No, Not usually worth the time with bulk.. Why not pay the same commission, but offer it up front to minimize the risk for the account to make the swap. If I were them I would be doing the same thing. Link to comment Share on other sites More sharing options...
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