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      ThinkSales State Of B2b Sales In South Africa 2021 Survey

      The 7 Strategies of SA’s Strongest B2B Sales Performers for 2021

      ThinkSales State Of B2b Sales In South Africa 2021 Survey

      3 Sales Strategies SMEs Can Borrow from SA’s Strongest Performers

      ThinkSales State Of B2b Sales In South Africa 2021 Survey

      SA’s Strongest Salesforces Focus on Value, Not Discounting

      ThinkSales State Of B2b Sales In South Africa 2021 Survey

      ThinkSales State Of B2b Sales In South Africa 2021 Survey

      Devastating Financial Gender Gap Has Grown: Women Are Better Investors, But Retire With 30-40% Less Than Men

      Why SMME’s Need To Think Small

      Devastating Financial Gender Gap Has Grown: Women Are Better Investors, But Retire With 30-40% Less Than Men

      Five Money Management Principles To Start 2021 On The Right Financial Footing

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      Home LAUNCH Business Ideas Retail Business

      Vending Machines

      Make money off convenience products with a vending machine business.

      ExpertHub Staff by ExpertHub Staff
      Nov 25, 2009
      in Retail Business
      0
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      RelatedTopics

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      Used CD Shop

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      Business At A Glance

      Vending Machines

      Startup Costs: $50,000 – $100,000
      Home Based: Can be operated from home.
      Part Time: Can be operated part-time.
      Online Operation? No

      Business Overview

      Every day factories, warehouses, officebuildings and recreation centers are being constructed. What do thesebuildings have to do with a food business you may ask? A lot,especially if you’re considering starting a vending business, as all ofthese locations are perfect spots to install snack and soda vendingmachines.

      The snack vending business is a multibillion dollar industryin North America, and continues to grow each year. Entering into thevending industry is very easy. Simply purchase a few vending machines,stock and locate them, and you’re in business, right? Wrong. Thisindustry also has one of the highest failure rates due to the simplefact that people who start vending routes have often done so at themercy of vending route business opportunity companies. These companies,in exchange for $10,000 or more, promise huge profits to the operatorsof these vending routes. Subsequently the vending equipment is inferiorand usually ends up in the operator’s garage after four or five monthsof not producing any income while on location. There is no greatscience to making a vending route or machine pay for itself. The key tosuccess in vending is the same as opening a retail store: location,location, location. Research and source the right location and avending machine will not only make money, it will be profitable formany years.

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      ExpertHub Staff

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