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About FlyGuy

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  1. I agree stick with charity junk candy boxes for now... you need time to analyze your theft rates and learn with low cost/consequence. Going to bulk raises the stakes quite a bit and makes many more logistical problems (namely costs and vehicle and becoming fairly cemented to working in that area). Don't forget that this is your side job, and you need to remain fairly flexible if your primary job had a better opportunity or required transfer arise. You also don't want a side hustle to interfere with your real job or your fitness or real life things (romance, friends, etc)... trust us, it sure c
  2. Yeah, good point. I guess it is good to be in a place where necessities and grocery including candy/snacks are largely not taxed with sales tax. I assumed most states were that way (at least no sales tax when you buy the snacks, most also not having sales tax when you sell them)... but yeah, if it is a place that's not exempt, ouch and track/pay accordingly. https://www.legislature.mi.gov/documents/1999-2000/billanalysis/Senate/htm/1999-SFA-1237-A.htm
  3. Welcome, man. Your math is wrong in two main places: 1) You don't pay tax on every dollar sold; you pay taxes on every dollar of profit. That is a huge difference. Imagine a grocery store like Kroger or Publix that sells a ton; they'd all be in the red if they paid taxes on total sales and not on revenues (aka profits). Their actual profits are often 5% or much less of their total sales. Use your deductions. If you spent a lot on boxes, labels, candy, track mileage, computer software, shelves for candy, etc etc and just started this... then your profits and therefore your taxes shou
  4. Candy honor boxes are full of candy. They are done on the honor system (honor = honesty). People take candy and leave money... if they are honorable! Now you are familiar with them. GL
  5. KISS You are trying to turn a donkey into a war horse or a equestrian champ. No need and not possible. You are enthusiastic, but this is a case of being too smart for your own good. Get cheap boxes, use popular snacks, and keep it basic. Learn by doing a proven model, and then begin to tinker a bit if you want. Managers do things right and leaders do the right things... snack boxes isn't really the realm for a leader who wants to be ultra-creative. You suceed by managing yourself, putting in regular consistent work of getting new locations and keeping good exisiting ones happy, havin
  6. I just pull the boxes. Tell the location whatever you want when you pull the box... leaving the area (aka leaving their store!), closing up or downsizing your box business (at their location!), shortage was too high, etc. Doesn't matter. I sometimes give them a competitor snack service's card if they whine The trust was obviously broken if there is a pattern of shortage (mine is "three strikes" of 3x being over 30% short within 3 months), and that's the way it goes. I agree the makeup of employees or management at a location could potentially change over time and that you always wan
  7. TCF Bank has a free change counter (CoinStar type) for account holders. Probably not at all locations, but worth checking into... https://www.tcfbank.com/personal/prepaid-and-cash-services/coin-counting
  8. We talk about these all the time, so I figured that a list would be good. Might help some people and might generate discussion of more good ideas... Clear price labels. This can be price sticker(s) near the cash slot, and you can also add dot or price gun labels on each snack ("garage sale labels") if it fits your business model. Exchanging the boxes frequently. A box that is well stocked and looks full and "happy" will get more business and less theft. A box that looks "sad" can expect more theft and less sales and respect. The same goes for bulk and vending machines... the rusty, l
  9. Yep, I agree fully. You are simply paying for leads with locating services, nothing more. You will still need to close the sale with the DM and build the trust anyways... might as well do that while walking the block and asking other businesses. You will also have much better loyalty and much lower amount of call backs stating that the box needs to go when you place them yourself. Even with doing my own locating, I still get bounce-backs... and they're almost always ones where an employee just asked the owner/manager and I was unable to ever speak to the DM directly - and preferrably
  10. I agree on no commissions for snack or charity boxes... profit margin is too thin. It is a numbers game. If they want a cut, simply move along. Never be tempted to cave on this, because it makes for annoying extra accounting and could be detrimental to your business if some but not others got locating gift, commission, etc. You never want to create double standards. I've only been asked "what's in it for the store" a couple times (seems to always be salons asking), but I just tell them that the profit margins are already very slim in snack boxes... so my product and service is the b
  11. A price label "50c or 3/$1.00" to the left and/or right of coin slot (or on the lid if acrylic box) and a "Pay Here" or "Deposit Here" above and/or below the coin slot are all you need. You also want your company name/logo with email or phone number somewhere (biz card works fine)... for the location to be able to reach you about problems, box empty, they want it gone, etc. It is a very basic concept. Nearly everyone has seen them and knows how they work (or can figure it out in 3 seconds). Charity boxes should be in customer driven locations and will always have slight to significant the
  12. Research shows 9 out of 10 vendors exaggerate about their rates of locating success for their machines/boxes Guys, aiming for 50% or better is nearly impossible unless it's some everyone-knows-everyone tiny hick town or something. Even 1 in 5 of all stores you go into is aiming quite high in many places. I agree with hoping for success each and every time, but don't get discouraged by unrealistic expectations. Every market is different. ...I would honestly say I'm between about 1 out of 5 or 1 out of 7 all time for ones where I even have a chance. That "have a chance" is not includ
  13. He had some a month or two ago when I inquired... maybe half that many boxes. I was gonna buy them, but he wanted a pre-paid mail label or something I didn't understand how to do... maybe you do? Try PM'ing him
  14. Update with prototype plastic snack box is pictured below. The plastic one fits 60 snacks: 38 dollar items (2 cheez it, 4 cookies, 15 candy, 5 crackers, 5 trail mix, 3 fruit snack, 2 oat bars, 1 trail mix bar, 2 nutri grain) and 22 half dollar ones (4 reeses single, 4 fun size candy, 6 slim jim, 6 peanuts, 2 gum). I tried to keep it as close as possible to my standard cardboard box that you can see in the left side of last attached pic (73 items: 50 dollar 23 half dollar). I can post more pics of the plastic ones when I put logos and cash area cover onto it (cash area will be two squares
  15. There is a wealth of info on here if you search around and read threads. You can read here, Google around, maybe read a book or two (Thomason's Truth About Vending is my fav), and then decide what makes sense to you. Like anything, you will do some learning by experience... trial and error. Snack boxes and charity lollipop/mint boxes are two different animals. You want to be specific when asking questions. Vending is a numbers game, though... no doubt about that. I would start with as many boxes as you can get into decent locations. Put the boxes anywhere reasonably busy that wants t
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