TC TENDERCRISP Posted February 1, 2017 Share Posted February 1, 2017 Hello All, I have been lurking for several months and have recently purchased a few bulk machines. Goal: Extra income - Not expecting to quit the day job as I currently make good income with job security/pension... Machines: 1. Triple: (China Cheapo) purchased prior to discovering this forum. 2. Double: Round Beaver Black (used) - 1 gumball and 1 candy 3. Single: Round Beaver Red (new) - Gumball only The Beaver Machines in terms of quality are 100% better....then the China Cheapo. Locations: 1. Chiropractic Clinic - Triple will be in place on the 16th. 2. Hopefully - Pizza Shop or Gyro Place (Will be asking once I get my stands) Double Beaver 3. Hopefully - Barber Shop or Tattoo Shop Single Beaver Coming Soon: Will be purchasing a used Northwestern rack (3 -60's and 2-larger 2" toy machines) if I can broker a good deal from a guy on craigslist and another new Red Beaver. All in all I will be just testing the waters and looking to purchase more machines (Beavers, Northwestern) if these work out and maybe add 1" toys / Bouncy Balls. Here is a question: If I have a commission location how should I calculate the %. Example: Single Head Gumballs Vend: 1@$.25 Product Cost: $.02 Profit: .$.23 1. Total in machine = $100.00..would I give them 10% or 20% of $100.00. = $10.00 Commission or 2. Total in machine = $100.00...would i give them 10% or 20% of $92.00 = $9.20 Commission Seems like it is pretty negligible ....on gumballs but candy has a higher cost. Thanks, TC Link to comment Share on other sites More sharing options...
Zigzag Vending Posted February 1, 2017 Share Posted February 1, 2017 Generally commission is based on gross sales (before cost, so 10% of $100 = $10.) Its easy to get ur moneys worth from gumballs, even with 30% commission. But for the candy its harder, cost of goods (or COG as youll see it abbreviated on here) is much higher. Think about partnering with a local cause, like humane society or ronald mcdonald house, to offer charity locations @ 10% or so. Thats what i do. Racks are usually commission, single/double/triples usually charity, but there are exceptions. U may even have places u get in without paying either way. Link to comment Share on other sites More sharing options...
TC TENDERCRISP Posted February 1, 2017 Author Share Posted February 1, 2017 Thanks You..I will probably be looking into a charity Link to comment Share on other sites More sharing options...
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