Having your own vending machine business can be a great way to earn some extra money. This type of business does not require much money and time to operate yet it can be very profitable.
To begin with, this is an “all-cash-business” meaning every sales transaction is paid in cash. Another good thing about it is that vending machines usually need minimal maintenance plus you wouldn’t have to hire any employees. You may even offer your products 24 hours a day if you want.
There are several important factors you should consider as you start a vending machine business:
#1. The area should be safe have adequate foot traffic.
To attract customers, your chosen area should have adequate foot traffic. Strategic locations such as public markets or schools, for example, can be perfect. Safety should be another priority for your business. You should do some research and see if an area is secure from vandals.
#2. Research your market.
Speaking of research, your products should match the needs or wants of your potential customers. Do some quick study to see if what you’re selling is actually in-demand in the place. For example, coffee vending machines are usually a hit when they’re located nearby offices while toilet paper vending machines are ideal for, of course, public restrooms.
#3. Comply with the requirements.
After deciding which location is most suitable for your product, contact the owner of the establishment and inquire about the requirements of putting up your vending machine. Along with that, you might want to seek assistance from the local government office to get a business permit.
As for the vending machines, you actually have the option to buy, lease, or franchise them. Look around for reputable suppliers and sellers. They’ll gladly respond should you have any questions.
You might want to try these two vending machine companies:
Philippine Vending Corporation
54 E. Rodriguez Jr., Ave. Bagong Ilog, Pasig City.
Tel: 6716230, 6710363
WH B23 J King Warehouse,Opao, Mandaue City, Cebu.
Tel: (032) 3448882 to 84
Tri-East Philippines, Inc.
3/F Rodeo Building #802 km. 18, West Service Road, South Super Highway, Paranaque City.
source : sir fritzvilafuerte