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Vendor Locator Company
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The prospect of renting or buying vending machines to make money is very possible. However, you need to be aware that while obtaining the machines is very easy you may have trouble finding locations where to place them. You may be getting the machines from a vendor locator company. They often make promises that they will help you get the very best locations out there but they don’t. You have to make sure they don’t take your money and run.
There aren’t very many listings on any search engine for a vendor locator company so that should be your first red flag. The truth is you are going to have to pound the pavement to find the best locations for the various vending machines out there. While some of them are available it is going to take some hard work. You will have to get the approval of the person who owns that area as well.
This may be a private business owner, the city that you live in, or a large corporation. If you have friends or family members that own their own business you may find this to be a great prospect for vending machines. They may cut you a break and allow you to place them for a minimal fee as well.
If you put all of your trust for a successful vending business into the hands of a vendor locator company, chances are you are going to end up not making a profit. Even if they do find you locations for your machines, there is no guarantee they are providing you with profitable locations. For all you know they may be doing business with the owner of the site to fill their pockets, not your own.
As I mentioned earlier, you will have a hard time finding a vendor locator company online that comes with very much credibility. You won’t be able to find any that have been in business for very long either. That should be another red flag as quality businesses are generally those that have been around for quite some time.
Yet you will find plenty of data online from other trusting entrepreneurs who put their trust in a vendor locator company. Reading their stories of being taken for a ride is heartbreaking. Unfortunately they end up being the only one earning any money from the deals.
This information isn’t to prevent you from proceeding with a vending business by any means. It is simply to offer you the information you need in order to get the most benefit from your business venture. It takes a great deal of investing and planning to get a vending business off the ground. It isn’t fair to let someone prey on your good intentions and dreams.
You need to be very cautious working with any vendor locator company. Even if they put the information in writing to help you feel secure, there is no guarantee they aren’t going to take your money and run. These types of scams are becoming more and more common so protect yourself from becoming the next victim. It is almost impossible for the law to catch up with these criminals so don’t count on them to get your investment back for you.
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It is sad that many unsuspecting rookie vending business owners don't know just a few simple things that could stop them from failing victim to locating company disasters.
Most smart people will get an experts opinion (mechanic) before buying a used car. They will also have an independent home inspection done before buying a house. Not knowing the "inside scoop" on locating vending machines would be just a foolish, and can get you in a world of trouble!
If you are new to vending, and unaware of the problems with vending locations and locators, please take a few minutes to read our story, and learn from our experiences.
click here to read more!
To read about our search for the BEST vending location resource and authors (and why we couldn't recommend a single one) click here
Locating vending machines ISN'T brain surgery. And protecting yourself from unethical locating companies is easier than you might think. If you understand the system!
Rob Farnham
(veteran vending company owner and author of "Locating Vending Locations")
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