Where and how to start your own vending business
Many people think that starting a business is not such a bad idea. And some even want work to do less and earn more. And a vending business is just the kind of activity that guarantees profit without enormous time costs.
There are many people today who are fascinated by vending slogans like “business without problems”. It remains only to answer the questions: “What is a vending?” “Is this really a successful type of business?” “And how much can you earn from it?”.
To begin with, the vending business is based on the retail sale of goods through vending machines. In the West, this niche has long been occupied by various entrepreneurs, but here we are still free for new influences.
Most importantly, this type of activity is quite simple to conduct, as it excludes the direct participation of the owner of the machines in the sale process. But what can be sold today through this kind of technique?
How to start a vending business
Types of goods that can be sold through vending machines
There are three large groups of goods that may well be implemented:
– Non-food products of mass production;
– Different kinds of services.
Yes, now you can buy not only coffee and chocolate through vending machines. In China, for example, vending is used to sell eggs, and in the land of the rising sun, it was possible to put real beetles into vending machines. An unusual idea, isn’t it? Abroad, there are also a sufficient number of vending machines that are capable of selling newspapers, books, magazines, equipment, shoes and even clothes.
If we consider food, then the most common vending machines that sell juices and tea, lemonade, milk. Enough in the vending business of such machines, which specializes in the sale of chips, sweets, yogurts, salads, chocolates and snacks.
Vending machines that offer various services are understood as payment terminals, fortune telling machines, copy machines, lottery machines and many others ..
Vending business is most suitable for people who live in small towns, where areas are not yet strewn with machines and terminals. In larger cities, they often have vending machines on busy streets and in shopping centers. It is also worth paying attention to large educational institutions, because students are always in a hurry and will be happy to enjoy a chocolate bar from a vending machine.
What do you need to start a vending business?
If you understand and perform several operations sequentially, then it is quite simple.
First, determine the industry in which you will sell your goods, as well as which machines you are going to buy and for which audience to install them.
Secondly, finally deal with the installation sites. They are divided depending on which customers you rely on. Want to rely on casual passers-by? Position your business in a shopping center or in the main square of the city.
A competent choice of the location of the machine will affect income and payback
Thirdly, determine and calculate the most successful number of machines for starting a business. Based on the amount at your disposal, the number of machines that can be purchased is determined. Remember that the more vehicles you have in service, the more likely your profit will be.
These are the three most critical aspects that will almost completely determine the success of your enterprise in the future.
Organization of vending business
When the choice of the direction of the vending business is over, you need to proceed to the settlement of organizational issues:
1. First of all, register your company, best of all in the form of individual entrepreneur or limited liability company. Choosing the type of business is directly related to the scale of your future network of vending machines.
It is also worth choosing a tax system. (Often, the USN is chosen in the vending business.) It should be noted that there is no need to purchase a cash register, instead a payment system will be used.
2. Then go in for equipment purchase, take it with great care, choose only good quality machines, as well as thoroughly study the price parameters of the proposed models.
It is absolutely not necessary to purchase machines for your own money, because there is also the opportunity to arrange a loan or leasing. It is also possible to take used equipment, however, a machine purchased “with hands” can serve much less time.
3. Set the price. This is a very responsible company, which, among other things, is quite difficult to implement. It is important not to overstate, and in no case to lower the price of your product or service.
It is not simple. Study the prices of competitors, and if possible slightly lower them, this will ensure the growth of customers. Competitors’ prices must be constantly monitored and an active policy should be pursued to regulate their own.