andrewm451 Posted February 9, 2009 Share Posted February 9, 2009 Hello Just thought i would introduce myself. I am looking into getting into the bulk vending business as a side job to my full time job. I have NO INTENTION OF GOING FULL TIME, i would just like to have a little extra cash flow. I have about $1000 to invest right now, but that does not mean i am going to do it all at once. I am still in the planning stages but i am looking to incorporate which i believe is about $350 if i do the legwork myself, but like i said i am still researching. What i would like to know is how much money is usually required as an outlay for the actual vending product? and what hidden costs do i have to worry about? I am looking to start small, and expand very slowly. I realize my biggest hurdle with a small ammount of machines will be paying off the incorporation costs, but i am ok with that. I guess what i would like to know is, what are some mistakes i should definitly avoid. From what i understand Buy quality machines, know how much they are worth and don't get ripped off. Keep your product fresh, and machines clean Be curtious to buissness owners and staff Track your costs Any major DON'Ts that im missing? I don't plan on investing for a few months untill i totally figure this out. Link to comment Share on other sites More sharing options...
G-man422 Posted February 9, 2009 Share Posted February 9, 2009 Andrew, welcome to Vendiscuss! Sounds like you are on the right track, and growing slow is the way to go. The best advice I have is to read as much as you can on the forum. We have a few other active members from Canada like tedk, grumpy and others. Also, Craigslist.com is a great way to find machines. Best of luck to you. Link to comment Share on other sites More sharing options...
BrianS Posted February 9, 2009 Share Posted February 9, 2009 Welcome to the forum Andrew! This is the perfect site to find and kink out all the little details that are often skipped over until it is too late. There are more then plenty of willing hands to dive in and answer any and all answers you may have. I wish you the best of luck and hope you keep us updated on your journey! -Brian Link to comment Share on other sites More sharing options...
Pierrette Posted February 16, 2009 Share Posted February 16, 2009 Hi, My name is Pierrette, been in the vending business for about 6 months, I'm from Sudbury, Ontario, looking for creative ways for balance, commission, keeping track sheets. Need help or idea for placing Plinko machines.:cool: 30 Snack & Pop Machines 50 Honor Boxes 55 Candy Machines 2 Plinko Link to comment Share on other sites More sharing options...
Beer980 Posted February 16, 2009 Share Posted February 16, 2009 andrewm451 Welcome to our group. The best part about this business is you can start out as small as you like and grow how you like. I started with $800 and have probably spent over $1500 by now. So you can usually make your money back quickly if you buy smart and work out the kinks. Link to comment Share on other sites More sharing options...
Beer980 Posted February 16, 2009 Share Posted February 16, 2009 Pierrette Welcome to our family. I am not familiar with Plinko machines so I will have to take a pass. What do you mean by creative ways? Link to comment Share on other sites More sharing options...
Pierrette Posted February 16, 2009 Share Posted February 16, 2009 Hi Beer980, Are there free softwares or excel documents on tracing sales and inventory for vending that you know of? :DPierrette Link to comment Share on other sites More sharing options...
andrewm451 Posted February 18, 2009 Author Share Posted February 18, 2009 Thanks for the encouragement. My next step is to figure out what insurance is going to cost per year, and how many machines i am going to need to offset that. I hear the average is about 7$ or a little less per decent location. Does that sound accurate? Thanks Andrew Link to comment Share on other sites More sharing options...
andrewm451 Posted February 22, 2009 Author Share Posted February 22, 2009 Insurance seems to cost between 500-1000$ per year. That seems like a pretty big hurdle for the smaller vendor with 20-30 machines to clear before they start making profit. Link to comment Share on other sites More sharing options...
jmac Posted September 12, 2010 Share Posted September 12, 2010 Woot! Welcome to a few more canucks on the forum Link to comment Share on other sites More sharing options...
s.weir Posted September 30, 2010 Share Posted September 30, 2010 Alright! Now we just have to get a few of us slowly, VERY slowly up to the status of a "regular", or addicted to VD Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now