Articles by Joe Nichols
- Equipment liability: What if a forklift crashes into your vending machine?
When placing an account, make sure you have some sort of agreement with the location about your liability and their liability. Published 15Oct2009, viewed 29 times
- Vending machine value determined by much more than cost
This formula is a quick guide to equipment placement. If you can accurately forecast your sales, you can determine how much to spend on equipment. Published 09Oct2009, viewed 239 times
- Finding & landing a good vending machine location
Once you have determined your goals, study the marketplace. Look for accounts that can generate the amount of money you desire within the framework of your investment - both time and money. Published 03Oct2009, viewed 213 times
- Vending Machine Placement: Location, location, location
Snack and soda vending requires a marketing and sales effort for account placement. The difference between marketing and sales is that marketing determines who your customer is, how much they are expected to buy, how they will get the product, and all other aspects of your business that induce customers to purchase your products. Published 29Sep2009, viewed 272 times
- Product selection & 'turn' key to vending machine profits
Proper product selection can increase your sales by 20% or more, and improper selection can reduce sales to nothing. So how do you determine what products to put into your machines? Published 16Sep2009, viewed 147 times
- How reliable is vending as a business venture?
The vending machine business is an established industry, so don't try to reinvent the wheel. . .at least not at first. Work a proven system until you achieve profitability, then implement new systems to improve your economies of scale. Don't fall into the trap of believing that the rules of the business do not apply to you. Published 15Sep2009, viewed 77 times
- How to start a vending machine route
Start by setting goals. Successful vending machine operators have a predetermined goal in mind when they start every year, month and day. Success is a plan, and plans start with goals. Goals start with vision. Published 09Sep2009, viewed 178 times
- Should you purchase a vending machine from a company that requires a money wire for payment?
How to handle payment for vending equipment is a personal choice, but there are some guidelines. Most supply companies in the vending industry are legitimate, respectable entities, but the vending industry (like any other) has a contingent of unscrupulous suppliers. Published 05Sep2009, viewed 285 times
- Where to purchase products to stock your vending machines
How does a vending business maximize profits with its product purchases? Read on... Published 01Sep2009, viewed 150 times
- How to Start a Vending Business
Are you an entrepreneur? Are you self motivated? If so, here is the best way to get started along with a few words of wisdom from one who has been in the vending business all of his life. Published 31Jul2009, viewed 123 times
- How does the Vending Machine Business Work?
The best locations for vending machines that bring in the most money are hospitals, truck terminals, manufacturing plants, schools, and any place where large numbers of people pass through. Published 20Jul2009, viewed 122 times
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