The Candy Vending Business: Learning the Ins-and-Outs of How to Start a Vending Machine Business

Business Overview:

For an easy second income that allows you to work as much or as little as you desire, consider starting your own candy vending business. It has been said that vending machines are the way of the future, and starting a vending machine business can put you right in the heart of this always-growing market. What’s great about this business idea is that you can work alone—locating, installing, servicing, and filling your machines yourself—or you can hire people to do these things for you. Whether you decide to go it alone or to hire employees, you will want to know the ins-and-outs of how to start a vending machine business. For starters, you will need to purchase the vending machines. If you do your research, you can get these for much less than you might expect—think under $100. You will also need to install your machine or machines in various locations like supermarkets, malls, schools, and movie theatres, to name a few. Then you will have to keep your machines in solid working condition and stocked with fresh products. After that, the machines essentially run themselves. Perhaps the easiest business model is bulk candy vending. Candy is easy to stock, always in demand, and has a long shelf-life. Plus there are many affordable wholesale choices to help you stock your machine with enticing edibles. If you’re looking to earn an additional income, one candy machine can do it for you. If you’re hoping to turn a real profit, several machines in different sweet spots can be your ticket to financial freedom.

A Day in the Life of a candy vending business owner:

If you are thinking about how to start a vending business and it seems like an enterprise that could work for you, think about this: A typical day for a candy vending business owner starts with a check of your spreadsheets. You will want to decide which machines require restocking or maintenance, which candy brings the best profits, and whether your locations are working for you. Then you will want to either go out on your route or send an employee to take care of any necessary business. A great aspect of this business is that these tasks will not have to be completed every day (unless of course you will be running a very large vending machine business). This is where the flexibility and freedom of this business will come into play. For one or a few machines, these tasks will only need to be completed weekly or even less often.

About Your Customers:

Your typical customers will consist of just about anyone who has a bit of spare change and a hankering for a snack. That’s why the vending machine business is such a great one—even when times are tough, people can still afford snacks from a vending machine. To cater to all of your customers, you will want to offer a variety of options like classic candy bars and newer candy choices for younger snackers.

What You Need to Start:

• Vending machines
• Locations in which to install your machines
• A logical route
• Stock for the machines
• A permit (depending on your location)
• Financial and organizational software

The Good:

• Your business can be as big or small as you choose.
• Candy vending is a recession-proof business.
• The business is fairly easy to start and to run.
• It’s a cash business.

The Bad:

• You might face competition from other vendors.
• You might have to relocate your machines to find the most lucrative selling spot.

Resources:

• National Automatic Merchandising Association
• Worldwide Vending Association
• Bureau of Labor Statistics on Vending Machine Operators
• Wikipedia on Vending Machines

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