ClarkMI Posted March 2, 2015 Share Posted March 2, 2015 I am officially a businessman. Yesterday I placed my first machines in the break room of my local bank branch. Two single heads on a stand, filled with Skittles and Peanut M&Ms. See my first post about it here:http://vendiscuss.net/index.php?/topic/22544-first-success-permission-to-locate/ A few days elapsed between getting permission and actually placing the machines because I followed the advice (wise, I think) of a loved one, to not risk the extra money of forming a corporation before I knew I had customers, or in this case, people who would allow me to place machines. Well, I got permission and filled out my papers to start the LLC that evening, mailing them the next day. I checked the state website every day to see if the papers were approved. The day they were approved I filed for an EIN with the IRS and filed online for my sales tax license. Then I checked every day to see if the license was granted. Finally saw it on Saturday night (they work on Saturday? No complaints here, I guess!) And spent the next few hours getting the little details taken care of with machine prep. Every day seemed to take too long and brought up thoughts that I would be rejected for being too slow when I finally brought in the machines! Well, I went in on Sunday to cash my paycheck and brought the machines with me. The teller immediately remembered the machines, and I said I have them! Brought them in, placed them in the break area, and thanked the tellers. Back to the important part: I am now a businessman. No one in my family has started a business. We started my life poor, my parents worked their way up to middle class, and mediocrity was all that was expected of any of us. But this is an achievement. Will I get rich in vending? I don't know. That's not what this is about. Will I be successful? I already am. And I will continue to be so long as I remember to let the Lord build this house (see Psalm 127). From vending I am learning what the business world is and how to run one. That is an achievement that I am grateful for. I may move on to another business(es) in time. But for now, I am a vendor. Thank you all for your help. I intend to hang around. Link to comment Share on other sites More sharing options...
ska173 Posted March 3, 2015 Share Posted March 3, 2015 Good for you, I have found this business to be quite rewarding and with your background being what it is that reward will certainly seem a bit more so. I too am using the lessons I'm learning in vending as a springboard for other business ventures. Do great work and continue to harvest the wealth of information from the myriad success stories in this site! Link to comment Share on other sites More sharing options...
rodney69 Posted March 3, 2015 Share Posted March 3, 2015 I am officially a businessman. Yesterday I placed my first machines in the break room of my local bank branch. Two single heads on a stand, filled with Skittles and Peanut M&Ms. See my first post about it here:http://vendiscuss.net/index.php?/topic/22544-first-success-permission-to-locate/ A few days elapsed between getting permission and actually placing the machines because I followed the advice (wise, I think) of a loved one, to not risk the extra money of forming a corporation before I knew I had customers, or in this case, people who would allow me to place machines. Well, I got permission and filled out my papers to start the LLC that evening, mailing them the next day. I checked the state website every day to see if the papers were approved. The day they were approved I filed for an EIN with the IRS and filed online for my sales tax license. Then I checked every day to see if the license was granted. Finally saw it on Saturday night (they work on Saturday? No complaints here, I guess!) And spent the next few hours getting the little details taken care of with machine prep. Every day seemed to take too long and brought up thoughts that I would be rejected for being too slow when I finally brought in the machines! Well, I went in on Sunday to cash my paycheck and brought the machines with me. The teller immediately remembered the machines, and I said I have them! Brought them in, placed them in the break area, and thanked the tellers. Back to the important part: I am now a businessman. No one in my family has started a business. We started my life poor, my parents worked their way up to middle class, and mediocrity was all that was expected of any of us. But this is an achievement. Will I get rich in vending? I don't know. That's not what this is about. Will I be successful? I already am. And I will continue to be so long as I remember to let the Lord build this house (see Psalm 127). From vending I am learning what the business world is and how to run one. That is an achievement that I am grateful for. I may move on to another business(es) in time. But for now, I am a vendor. Thank you all for your help. I intend to hang around. Continue with that mindset and you will enjoy it a lot! Link to comment Share on other sites More sharing options...
grand Posted March 4, 2015 Share Posted March 4, 2015 Congrats to you! There's nothing quite like the feeling after your first successful location. Keep up the great attitude and good work! Link to comment Share on other sites More sharing options...
MSNEEDHELP Posted March 5, 2015 Share Posted March 5, 2015 Congratulations and may the good Lord continue to Bless you and your family! Link to comment Share on other sites More sharing options...
orsd Posted March 5, 2015 Share Posted March 5, 2015 I am officially a businessman. Yesterday I placed my first machines in the break room of my local bank branch. Two single heads on a stand, filled with Skittles and Peanut M&Ms. See my first post about it here:http://vendiscuss.net/index.php?/topic/22544-first-success-permission-to-locate/ A few days elapsed between getting permission and actually placing the machines because I followed the advice (wise, I think) of a loved one, to not risk the extra money of forming a corporation before I knew I had customers, or in this case, people who would allow me to place machines. Well, I got permission and filled out my papers to start the LLC that evening, mailing them the next day. I checked the state website every day to see if the papers were approved. The day they were approved I filed for an EIN with the IRS and filed online for my sales tax license. Then I checked every day to see if the license was granted. Finally saw it on Saturday night (they work on Saturday? No complaints here, I guess!) And spent the next few hours getting the little details taken care of with machine prep. Every day seemed to take too long and brought up thoughts that I would be rejected for being too slow when I finally brought in the machines! Well, I went in on Sunday to cash my paycheck and brought the machines with me. The teller immediately remembered the machines, and I said I have them! Brought them in, placed them in the break area, and thanked the tellers. Back to the important part: I am now a businessman. No one in my family has started a business. We started my life poor, my parents worked their way up to middle class, and mediocrity was all that was expected of any of us. But this is an achievement. Will I get rich in vending? I don't know. That's not what this is about. Will I be successful? I already am. And I will continue to be so long as I remember to let the Lord build this house (see Psalm 127). From vending I am learning what the business world is and how to run one. That is an achievement that I am grateful for. I may move on to another business(es) in time. But for now, I am a vendor. Thank you all for your help. I intend to hang around. Proverbs 21:5 The plans of the diligent lead surely to advantage, But everyone who is hasty comes surely to poverty. Proverbs 14:23 In all labor there is profit, But mere talk leads only to poverty. Proverbs 10:4 Poor is he who works with a negligent hand, But the hand of the diligent makes rich. Link to comment Share on other sites More sharing options...
Hillbilly Posted March 5, 2015 Share Posted March 5, 2015 I am officially a businessman. Yesterday I placed my first machines in the break room of my local bank branch. Two single heads on a stand, filled with Skittles and Peanut M&Ms. See my first post about it here:http://vendiscuss.net/index.php?/topic/22544-first-success-permission-to-locate/ A few days elapsed between getting permission and actually placing the machines because I followed the advice (wise, I think) of a loved one, to not risk the extra money of forming a corporation before I knew I had customers, or in this case, people who would allow me to place machines. Well, I got permission and filled out my papers to start the LLC that evening, mailing them the next day. I checked the state website every day to see if the papers were approved. The day they were approved I filed for an EIN with the IRS and filed online for my sales tax license. Then I checked every day to see if the license was granted. Finally saw it on Saturday night (they work on Saturday? No complaints here, I guess!) And spent the next few hours getting the little details taken care of with machine prep. Every day seemed to take too long and brought up thoughts that I would be rejected for being too slow when I finally brought in the machines! Well, I went in on Sunday to cash my paycheck and brought the machines with me. The teller immediately remembered the machines, and I said I have them! Brought them in, placed them in the break area, and thanked the tellers. Back to the important part: I am now a businessman. No one in my family has started a business. We started my life poor, my parents worked their way up to middle class, and mediocrity was all that was expected of any of us. But this is an achievement. Will I get rich in vending? I don't know. That's not what this is about. Will I be successful? I already am. And I will continue to be so long as I remember to let the Lord build this house (see Psalm 127). From vending I am learning what the business world is and how to run one. That is an achievement that I am grateful for. I may move on to another business(es) in time. But for now, I am a vendor. Thank you all for your help. I intend to hang around. That's great news! You have a bank that is open for business on Sundays? Link to comment Share on other sites More sharing options...
ClarkMI Posted March 6, 2015 Author Share Posted March 6, 2015 That's great news! You have a bank that is open for business on Sundays? Yes, it's TCF bank. They also gave a coin counter in the lobby that is free for account holders. Link to comment Share on other sites More sharing options...
rodney69 Posted March 6, 2015 Share Posted March 6, 2015 That's awesome! Link to comment Share on other sites More sharing options...
grand Posted March 7, 2015 Share Posted March 7, 2015 Yes, it's TCF bank. They also gave a coin counter in the lobby that is free for account holders. That's what I like about Fifth Third bank, they have a free coin counter in every location lobby for account holders. They also have free business checking. That's important to me. I don't know about all bank chains, but both Bank of America and Chase want to charge between $15-30/month just to have an account. That's a deal breaker for me. Link to comment Share on other sites More sharing options...
ClarkMI Posted March 15, 2015 Author Share Posted March 15, 2015 Made my first pull today (I thought it had been longer than two weeks!). Thirteen lovely quarters from the Skittles and nine from the Peanut M&Ms makes $5.50. Link to comment Share on other sites More sharing options...
ClarkMI Posted April 14, 2015 Author Share Posted April 14, 2015 Second pull, at six weeks: Skittles 27 quarters makes $6.75 Peanut M&Ms 4 quarters makes $1.00 Quite surprised at the PMM performance, especially given the first pull. I reduced inventory on site to prevent spoilage. Also found a good deal on Crispy M&Ms, so if the PMMs continue to perform poorly I will replace them. Link to comment Share on other sites More sharing options...
BlindVending Posted April 14, 2015 Share Posted April 14, 2015 Try chocolate raisins. Female white collar love them. Link to comment Share on other sites More sharing options...
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