Starting a Gumball Machine Business
Gumball vending machines are among the oldest surviving types of vending machines. (An interesting side fact is that the first vending machine was a water dispenser in Egypt circa 100 B.C.) The first gumball machines were penny machines. You can still get those antiques, although they are more for novelty use than a way for you to make a profit. Who wants to carry around five dollars' worth of pennies?
A gumball vending machine is first of all a vending machine business niche element. So in order to make profit and be successful in your business, you most certainly must think about positioning the gumball vending machine. Considering the fact that candy vending machines can't be placed in a local food store - a gumball dispenser is, however, a great replacement, being smaller and much more adaptable to a local store.
Simple gumball vending machines can either be counter-mounted or freestanding. The freestanding models require a stand that you can buy from the manufacturer of the machine. These stands are often available in a range of styles to fit any setting.
It's true that gumball machines produce gum that is extremely cheap, so the price can't be so high. But think again, because things can be different. Having gumball sold in million pieces a day, you can even make a fortune out of gumball vending machines. Purchasing more than just one gumball machine is the key to increasing your profit. And placing them in children's way is the key to a successful vending machine business.
The spiral gumball vending machines seem to work best in a vending machine business. This is because these machines are very attractive to children, who love to watch the gumball spin around the spiral in the machine. Parents don?t mind spending the quarter for the gumball and quite often they will end up spending more than one in the fun gumball machines. Business owners don?t mind having them on their premises either because they get a commission based on the amount of money that comes out of each machine. If you are thinking of getting started in the vending machine business, you will enjoy great success with gumball vending machines.
Paying a commission fee to the owner of the store you place your vending machine in, is a must. Usually, you will have to pay a fixed commission. But in many cases the commission is based on the sales, and has to do with the percentage of your sales. Most store owners will only charge you a small fee, because a vending machine is a good advertising source for them as well. Especially, if you have invested in a gumball vending machine, the commission is not highly rated, since the machine itself doesn't take much space. Though, make no mistake: paying commission is a basic in vending.
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