mppuzzled Posted April 16, 2016 Share Posted April 16, 2016 So I snagged a spot on my first attempt! But the guy wants 50%! There are already some machines in there but no FLAT Vending Machine. So I offered my 6 column sticker/tattoo machine and offered a higher commission than what other other vendors were offering. (is that a ahole move to make) His response was "if you cant offer more than 50% than I wont take out any other machines because they all pay me 50%. So will you pay 50% on the sticker/tattoo machine?" I shook his hand and agreed because it is currently in my living room and I need to get it placed and it was my first try and somewhat a success so I was excited. The perk is that it is at one of the best Laundry Mats that is always busy! What do you think? Link to comment Share on other sites More sharing options...
bullyfrog Posted April 16, 2016 Share Posted April 16, 2016 Yeah, I'd keep looking for a location. 50% is a ridiculous amount. Link to comment Share on other sites More sharing options...
drvend1@yahoo.com Posted April 16, 2016 Share Posted April 16, 2016 50% is too high. Nobody can afford to pay 50%. The vendor makes creative collections and the owner think he is getting the 50%. Get anther location. Link to comment Share on other sites More sharing options...
Bravo Duck Posted April 16, 2016 Share Posted April 16, 2016 Here's how the conversation goes: "OK, 50%. We subtract a flat 30% for product costs, then we split 50/50. If they agree then you're good to go, if they continue to say they want 50% of gross then say : If we give you 50% and product costs are 30%, then that only leaves us 20% and we can't run a business that way." At this point they will either agree or you didn't want to do business with them long term. Any business agreement has to work for both parties. Link to comment Share on other sites More sharing options...
mppuzzled Posted April 16, 2016 Author Share Posted April 16, 2016 Thanks for the input guys! I'm going to assume the commission at 50% after the 30% product costs. Link to comment Share on other sites More sharing options...
rodney69 Posted April 16, 2016 Share Posted April 16, 2016 There are a couple of vendors in my area that claim 50%, but they're doing off profit like mentioned above. At 35% of gross they told me we give then more than anyone. Most people that say 40-50 are going off profit. Link to comment Share on other sites More sharing options...
mppuzzled Posted April 16, 2016 Author Share Posted April 16, 2016 That makes sense and is doable in that case Sent from my SM-N915V using Tapatalk Link to comment Share on other sites More sharing options...
tevans62 Posted April 16, 2016 Share Posted April 16, 2016 I'd ask the other vendors, if they would tell you the truth, of what they are paying there. Just to see if the owner is honest or not. Link to comment Share on other sites More sharing options...
Hillbilly Posted April 16, 2016 Share Posted April 16, 2016 I'd ask the other vendors, if they would tell you the truth, of what they are paying there. Just to see if the owner is honest or not. Thats not going to work. Link to comment Share on other sites More sharing options...
dkochan Posted April 17, 2016 Share Posted April 17, 2016 Pay the location 30% but, report 50% on the sales receipt showing amount collected and commission paid. I bet your competition is doing the same thing as I suggested. Sent from my LGMS631 using Tapatalk Link to comment Share on other sites More sharing options...
mppuzzled Posted April 17, 2016 Author Share Posted April 17, 2016 Lol. I bet they are. To top off the craziness, they have a 9 head northwestern rack that is selling all toys at 25 cents still. Punch balloons in 1 inch capsules at 25 cents! I have mine at .75. Sent from my SM-N915V using Tapatalk Link to comment Share on other sites More sharing options...
BouncyBalls Posted April 18, 2016 Share Posted April 18, 2016 You have 1" punch at .75 cents? Are you vending it out of a 2" machine with1" wheel? Link to comment Share on other sites More sharing options...
mppuzzled Posted April 18, 2016 Author Share Posted April 18, 2016 I ordered punch balls from a&a. Came in 2in capsules. Vending them out of 2in machine with 2 in wheel. Sent from my SM-N915V using Tapatalk Link to comment Share on other sites More sharing options...
BouncyBalls Posted April 18, 2016 Share Posted April 18, 2016 Lol. I bet they are. To top off the craziness, they have a 9 head northwestern rack that is selling all toys at 25 cents still. Punch balloons in 1 inch capsules at 25 cents! I have mine at .75. Sent from my SM-N915V using Tapatalk i guess I misread where you said 2". Link to comment Share on other sites More sharing options...
mppuzzled Posted April 18, 2016 Author Share Posted April 18, 2016 Right. The other vendor was selling punch balloons in 1 inch capsules in a 1 inch machine at .25. However, I sell mine in 2 inch capsules in a 2 in machine at .75. Sent from my SM-N915V using Tapatalk Link to comment Share on other sites More sharing options...
Hillbilly Posted April 19, 2016 Share Posted April 19, 2016 Right. The other vendor was selling punch balloons in 1 inch capsules in a 1 inch machine at .25. However, I sell mine in 2 inch capsules in a 2 in machine at .75. Sent from my SM-N915V using Tapatalk In the same location? Link to comment Share on other sites More sharing options...
mppuzzled Posted April 20, 2016 Author Share Posted April 20, 2016 No. Not same location. Sent from my SM-N915V using Tapatalk Link to comment Share on other sites More sharing options...
antoniocinisi Posted April 20, 2016 Share Posted April 20, 2016 I'd ask the other vendors, if they would tell you the truth, of what they are paying there. Just to see if the owner is honest or not. I am opening up a restaurant and my friend so and so said you give him 50%, can you offer me the same deal? edit:dont use your cell phone. Link to comment Share on other sites More sharing options...
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