Joe Nichols
Joe's latest writings
Vending Machine Value Determined By Much More Than Cost
The valuation of vending machine equipment is based on several factors: 1. Storage value 2. Collector's value 3. Scrap value 4. Parts value 5. Operational value 6. Market value In trying to value machines, each of these valuations is significant. 1. Storage value: Machines in storage are generally considered liabilities, and they cost you money each month. Even if you store the machines in your... (posted by Joe 2 years 127 days ago.)
The valuation of vending machine equipment is based on several factors: 1. Storage value 2. Collector's value 3. Scrap value 4. Parts value 5. Operational value 6. Market value In trying to value machines, each of these valuations is significant. 1. Storage value: Machines in storage are generally considered liabilities, and they cost you money each month. Even if you store the machines in your... (posted by Joe 2 years 127 days ago.)
Product Selection & 'turn' Key To Vending Machine Profits
Product selection for your vending machines can mean the difference between success and failure. Ultimately, your gross sales depend on a customer deciding to purchase a snack, soda or food item. Proper product selection can increase your sales by 20% or more, and improper selection can reduce sales to nothing. So how do you determine what products to put into your machines? All vending... (posted by Joe 2 years 149 days ago.)
Product selection for your vending machines can mean the difference between success and failure. Ultimately, your gross sales depend on a customer deciding to purchase a snack, soda or food item. Proper product selection can increase your sales by 20% or more, and improper selection can reduce sales to nothing. So how do you determine what products to put into your machines? All vending... (posted by Joe 2 years 149 days ago.)
How does the Vending Machine Business Work?
This business isn't very complex. You solicit different businesses with sites on which to put your vending machines. The best locations that bring in the most money are hospitals, truck terminals, manufacturing plants, schools, and any place where large numbers of people pass through. Blue collar locations are better because these folks work hard, make good money and don't normally have time to go out to lunch.... (posted by Joe 2 years 207 days ago.)
This business isn't very complex. You solicit different businesses with sites on which to put your vending machines. The best locations that bring in the most money are hospitals, truck terminals, manufacturing plants, schools, and any place where large numbers of people pass through. Blue collar locations are better because these folks work hard, make good money and don't normally have time to go out to lunch.... (posted by Joe 2 years 207 days ago.)
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