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Financial Wealth
Business & Finance Articles
Vending Machines and the Lure of the Instant Home Based Business
By:
Mike Corbin
If you are considering vending machines as a home based business here are three very brief facts about vending.
- Vending machines will start to earn revenue for your home based business almost immediately.
- A brand new, high quality machine is actually very inexpensive.
- Any machine at the right location has the very realistic possibility of paying for itself well within one year.
These three simple facts are from my 8 years of experience owning a vending business. I remember the day my first machine went into a location. It was a cigarette machine and after we hung it up on the wall in the bar we sat around and had a few beers. Within 30 minutes after we were done I watched my first customer walk up to my machine and buy a pack of cigarettes. I saw the instant cash flow happen, and it was wonderful.
I overpaid for that machine. It should have cost me only $2,400.00 plus tax, but instead I paid over $8,000.00 because I dealt with a business opportunity company and they gave me a location when I bought that machine from them. I can tell you, there is nothing more satisfying than watching someone put money into your vending machine. When I watched my first customer buy from me, the last thing I thought about was how much I spent, my business was now making money!
I was hooked and it was great. My first location generated a return for me of nearly $5,500.00 in the first year. That figure takes into account the commissions that I paid the bar for each pack of cigarettes I sold in the bar. My sales in 1996 averaged 300 packs of cigarettes per month with a $2.00 margin.
If I had purchased my first vending machine directly from a wholesaler and found that location myself I likely would have saved myself over $5,000.00 and paid off that cigarette machine within the first year.
But finding locations for a vending machine can be difficult and time consuming. A vending business opportunity company ( Rip-off Bizop Vending Company ) can sell you a vending machine with a location for your machine. You’ll pay substantially more for it, but they take the headache out of starting a business by providing a perfect combination of vending machines with a location so you can start earning revenue immediately. It’s the perfect lure for the instant home based business.
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About The Author
Mike Corbin's website http://www.no-vending-secrets.com challenges would be entrepreneur's to think differently about vending and avoid the vending business opportunity scams entirely!
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This article was posted on March 25, 2005
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