Difficulty: Moderately Challenging
Things You’ll Need:
- Customers
- Machines
- Merchandise
- Contract
Step1
Acquire the customers for your vending business. Good locations are airports, bowling alleys, factories, auto repair shops, in front of strip malls or any place where there is a lot of traffic and people are congregating.
Step2
Start looking for vending machines because you will need them soon after signing the contract. You can find information for vending machine resellers from the sites listed in the resource section. This will help you to know what prices you need to charge in order to make a profit.
Step3
Start looking for suppliers for the merchandise you will sell in the vending machines.
Step4
Locate the owner of the property and present your ideas to him. Try to make your ideas unique or offer your products for less than the competition.
Step5
Sign a contract. Contracts are usually for a year at a time and the owner of the property is given a percentage of the gross. Before signing the contract make sure you can deliver the machines.
Step6
Acquires the vending machines and merchandise. Once you receive and set them up, your vending route is started!
Step7
Make sure you keep your machines well stocked and as your profits grow, you will be able to buy more machines to put in more locations.