A self-serving opportunity.QA I am making preparations to go into the vending machine vending machine, coin-operated, automatic device for selling goods. Many vending machines are capable of making change, and some of the more sophisticated ones accept paper money or credit cards. business. Can you offer any advice on where I can gather information on this type of business and where I can begin? --D. Roberson Savannah Savannah, city, United States Savannah, city (1990 pop. 137,560), seat of Chatham co., SE Ga., a port of entry on the Savannah River near its mouth; inc. 1789. , GA Vending is an ideal way to ease into your own business. Whether you own machines that sell sodas, candy, coffee, or other quick snacks, the biggest part of the job will be collecting your money. Consider these tips before you get started. Look for a business that will carry a vending machine. Go to places you frequent as a customer that have at least 20 employees and a regular volume of foot traffic. It's good to buy a used machine first. You can always start with just one and grow from there. Go to www.vend finder.com for tips on where to find inexpensive machines. Purchase your inventory in bulk from a wholesaler such as Sam's Club or Costco. Make sure to keep your vending machines filled with fresh stock. Once you start generating revenues from your vending machine business, it's important to keep track of your income and the taxes you owe. This is a cash-based business, and the IRS An abbreviation for the Internal Revenue Service, a federal agency charged with the responsibility of administering and enforcing internal revenue laws. wants its money. The National Automatic Merchandising Association The National Automatic Merchandising Association, or NAMA, is the American national trade association of the food and refreshment vending, coffee service and foodservice management industries. Public relations is an important part of its mandate. can provide additional details about finding insurance, drawing up contracts, and locating vendor suppliers, Contact NAMA Na·ma n. pl. Nama or Na·mas 1. A member of a people of southwest Africa. 2. The Khoikhoin language of the Nama. at www.vending.org or call 312-346-0370. Mail your small business questions to Savvy Solutions, BLACK ENTERPRISE 130 Fifth Ave., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY 10011 or send an e-mail to johnsoflj@blackenterprise.com. |
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