Locating Tips for Bulk Vendors

Locating Tips for Bulk Vendors Here is an interesting article speaking about Locating Tips: We have all heard in real estate that, "location, location, location" is the most important thing in selling a house. For bulk vending, the location you put your machine is equally important to your business cash flow. Being able to locate a machine yourself is one of the greatest assets you can personally develop in this business. Period! Here are 15 of my favorite places to put gumball, candy, and/or toy vending machines: 1. Restaurants 2. Repair shops 3. Clinics (of all kinds) 4. Hair salons 5. Farm supply stores 6. Oil change and lube stores 7. Auto parts supply stores 8. Trucking companies 9. Car washes 10. Car dealerships 11. Salvage yards 12. Hardware stores 13. Tanning salons 14. Day cares 15. Lumber companies Keep in mind that a good location for your machine does not always mean a place with lots of traffic. High traffic areas give you a higher probability of getting sales. The problem you run into with high traffic areas (like many of the ones above) is higher competition from other vending operators which bring down your sales. In my opinion, one of the things which decreases the value of a location the most is high competition. Therefore, the list above does not necessarily contain the best places in every given city. If your machine is one of six or eight others on site, you may only get average or below average results from the location. This may be good enough to retain the account, but keep in mind the saying, "there's more fish in the pond." I love to go to places where other vendors don't go. This means other cities as well as other types of accounts. Don't be afraid to experiment with non-traditional places to put your machines provided the location seems safe for the machine. It only takes one employee to support a bulk vending machine! I have accounts where one person spends twenty dollars a month. It's your job to find that "one person" where no other competitor has thought to put a vending machine. A good rule of thumb I have found in securing locations for machines is that for every ten machines: * Six machines will produce "average" results and will be good * "bread-and-butter" accounts * Two machines will have poor results and will have to be relocated * Two machines will have excellent results and will motivate you to find even more accounts! After locating over 100 machines in the last year, these numbers above have held up accurately. These numbers have also stayed consistent over the five-year period I have been involved in this business. In many ways, vending is a numbers game. Be encouraged and motivated in your efforts to secure new locations. You next account may be that incredible account that puts $100 in your pocket every time you collect! this great article and other vending related articles can be found @ http://bulkvending.blogspot.com/