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Starting a Small Business - Start a Vending Machine Business?The vending machine business generates annual sales of $22 billion in the US and $40 billion worldwide. What's more a vending machine business is easy to start, and enjoys a 90% success rate as compared to 85% failure rate for most other start-ups. Further, the vending machine works 24 hours a day, 7 days a week; so you are actually earning cash even while sleeping. Also, your overheads are virtually negligible and your returns start coming from day one.
Benefits: A vending machine business comes with following benefits:
No experience required
Flexible working hours
You can work full time, part-time, or even as an absentee owner
Low overheads
Good financing options for start-up vendors
Excellent return on investment
Immediate cash income
Huge tax advantages
World's best known name brands
State-of-the-art, low maintenance equipment with full factory warranties
Onsite service
Vending machines cover a wide range of businesses like: candy, stamps, ATMs, snacks, coffee, soft drinks, food, music, games, arcades and many more. They are fast, easy to use, economical and serve the automatic merchandising concept of today's fastest growing industries. Depending on the type of machine you own and operate, you may be charging from 25 cents to 20 dollars per vend.
Qualifications: You need no special qualifications or training to run a vending machine business. In fact, there may be times when even your presence may not even be required -- because the entire process is automated.
Location:
You need to find the right location for your vending machine before you start your vending machine business. Some of the good places where you can set up a vending machine are family fun centers, amusement parks, shopping arcades and office complexes. You may even hire a professional locator to find profitable locations for your machines.
Investment:
The capital investment needed to set up a vending machine business is around $ 5,000. Besides this, you need to have a running capital of $5,000. Most of this investment is financed by the vending machine companies who also provide training and support.
You can set up more vending machines once you understand how the vending machine business works. This will multiply your profits.
Income: You can hope to get a return of 100% to 200% of your money in the first year itself; and this too by investing only 10 to 20 hours per month on the business. The remaining time you can spend on other activities. Since you use your home as your office, you also become entitled to several tax breaks. There are no franchise fees, partnership fees, royalties or goodwill costs in this business. That is why 70% of the vendors who begin this business as a part-time option turn full-time within two years.
A great thing about machine vending business is that it allows you to be financially independent and be your own boss with no overheads like administrative costs, staff salaries, rents etc. You also make money when you decide to get rid of the vending machine. Of course, its value will depend upon its condition.
Vending business gives you all the time you need to spend with your family as you are not required to be present near the vending machine all the time. You can spend more quality time with your children, attend their sports meet, parent-teacher conferences, teach them your family values, ethics and good habits.
Today vending machine business has become synonymous with cash flow. And you can use the cash flow from your vending business to enter into real estate or any other profitable business. It is one of the best ways to start making money, especially for the first time, as your cash starts flowing the same day as you install your first vending machine. Chris Navi - I am a freelance web guy who enjoys helping people make money. I make the information available online so everyone can have access to it. If you want more information about ideas for small business then visit http://www.getpaid2workfromhome.com.
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