Vending machine business for beginner, How to Start a vending machine business, vending business opportunity, Top 10 research tips

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Tip # 1 - Think before you buy a cheap machine.

Tip # 2 - Be Very VERY careful of, "Vending Super Sites".

Tip # 3: - Be careful not to buy a gambling device.

Tip # 4: - Beware of companies that demand a large investment up front!

Tip # 5: - Beware of a company that cannot take credit cards.

Tip # 6: - Stay away from High pressure sales tactics.

Tip # 7: - References

Tip # 8: - What happens if you call the company?

Tip # 9: - Beware of the "Bait & Switch" tactic

Tip #10 - How long has the company been in selling this machine?

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Tip # 1: Think before you buy a cheap machine!

Cheap Price=Cheap Parts! The cheaper you can buy a machine, the cheaper that machine is. I have a warehouse full of broken down, cheap machines. Machines in the $49-$149 range are not built well or engineered well. Some companies say, "Save 1000's By Buying Direct From The Factory." Believe me, you will spend 1000's more in lost revenue, machine down-time, losing locations because they are broken down again, not to mention your own frustration and anger because you bought cheap machines. Remember the Yugo car that came into this country a few years ago? How long did that car last? Have you seen one lately? It was a CHEAP CAR just like you can buy CHEAP MACHINES!

Tip # 2: Be Very VERY careful of "Vending Super Sites"

These are people that have a website and show dozens and dozens of different machines. You will recognize these "SUPER-SITES" immediately. Most of these people work out of their homes and the machines they sell are some of the CHEAPEST machines on the market. The guarantees or warranties on the machines come from the manufacturer - not from the person you are buying them from. They are cheap machines and come with a short-term warranty because they fall apart easy. The person selling you these machines will never give you a lifetime guarantee on these machines because he knows the machines will fall apart! How would you like to have a great location, like a 24 hour restaurant and then get kicked out because your machine keeps falling apart? Stay with Quality machines! They cost a little more but you get to write them off on your taxes! Just like a mechanic writes off his tools. Most of these "super-sites" just got started this year (2002) and some just in August of this year according to Better Business Bureau records.

Tip # 3: Be careful not to buy a gambling device.

Other companies sell machines that are illegal and considered gambling in some states. Tell them to be honest with you and tell you the truth. Example: "Coin Shooter Machines", "Coin Shooting Machines" and "Table-Top Candy/Shooting" machines are not legal in some states and are considered gambling. Some companies call them "Amusement" or "Redemption" or "Skill Machines." Don't be fooled by what you read or hear! Call your Attorney General's Office or State Attorney and get the facts. Machines like this could be outlawed, now or in the future, by your state.

Tip # 4: Beware of companies that demand a large investment up front!

For example, if they demand $10,000 or more for the initial investment, BE CAREFUL! They are looking at you as a "one time buyer." Because of the quality of their machines and service, you will never buy from them again!

Tip # 5: Beware of a company that cannot take credit cards.

If a vending program looks good to you, but that company cannot take credit cards- BE CAREFUL! In many cases, that company has a bad credit rating, cannot get a "merchant account" to take credit cards and what they want is a "cashiers check" from you. By using your credit card, you have "credit card protection." Ask the company your are dealing with, "Why can't you take credit cards?" A company's credit worthiness is checked out more thoroughly than you or I would be checked out.

Tip # 6: Stay away from High pressure sales tactics.

Some companies use "high pressure" tactics to sell you their machines. Don't let them high pressure you. Do your research and do your homework on vending. None of us like to be high pressured!

Tip # 7: References.

Other companies will give you "customers to call." Ask yourself, "Are these real customers or am I being set up?" Most of the companies that do this are paying the customers or the customers are "distributors" for that particular machine. Most customers do not want to get telephone calls all hours of the day and night unless they are being compensated for it. Again, be careful!

Tip # 8: What happens if you call the company?

When you call a company and you get an "answering machine" or an "answering service" during normal business hours, be careful. A lot of these people operate out of their homes and have a website. This is the first sign that they don't have an office and are not a big company. They can "close shop" in less than an hour. Believe me -- it happens all the time!!

Tip # 9: Beware of the "Bait & Switch" tactic.

Other companies use "bait and switch" tactics. They show you a picture of a machine they can't supply and then switch you to a cheaper, poor quality machine. Be careful and check these companies out.

Tip # 10: How long has the company been in selling this machine?

Ask the company you are researching, "How long have you been selling that particular machine?" In reality, many of these companies have brand new machines and have no experience with them. One of our competitors is advertising as having the "BEST MACHINE ON THE PLANET," when the facts are they just started selling this double-head machine in April 2002 and have no experience whatsoever with it. Some companies will send you out all the replacement parts in the world, but is that what you want--a machine that is constantly "OUT OF SERVICE?"

Credit North American Vending

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