A Look at the Vending Industry Series: Article Two

ARTICLE TWO:
VENDING IS AN ALL CASH BUSINESS. In the next 5 minutes; one million quarters will go through vending machines. Vending is a 42 billion dollar a year industry, the largest all cash industry in the world. There are no back checks, credit risks, accounts receivables, or other collection problems that typically plague business owner's. Vending machine sales in locations such as plants, factories, schools, colleges and offices outpaced manual sales by over 50% between 2002 and 2007. Income wise, "A typical 45 Select machine carrying 45 snacks (10 to 20 of them) generate $5,200 to $7,800 in annual sales. The bigger the machine, the higher the revenue!

*Information provided by Vending Times Magazine Market Research and Forbes Magazine: December 2007 "Seven Easy to Start Businesses" by Maria Faurell.

NOW THAT'S A LOT OF QUARTERS!! It comes from spare change in someone's pocket or a measly buck out of their wallet. An impulse buy to satisfy their hunger or thirst. We in America are all about consumption, and we want it now. It's what makes vending such an attractive business to get into. You better check your heart first! It takes talent, dedication and hard work. Dedicate yourself, plan for success and you really can make your vending business what you've always dreamed of. If you don't like dealing with people or tinkering with machines from time to time, then you should probably redirect your focus on something else.

If you need machines or some good sound advice, please let me know. Don't forget to chime in on my blog, I want to hear from you. Thanks for reading and have a profitable day!

Brad Kaiser
Arrow Vending
800-435-6415
brad@arrowvending.com

** Arrow has the stands for your Buzz Bite Machines!
http://store.arrowvending.com/stands-c-100_21_34.html
Price breaks are available on orders of 5, 10, 20 or more!