Buy Novelty Vending Machines
You want to make some extra money and wonder if a vending machine or two might be the answer. Some entrepreneurs believe novelty vending machines are the way to go. Take your time to research the vending machine business before buying a vending machine.
Instructions
1. Familiarize yourself with the types of vending machines currently on the market. Request literature on novelty vending machines that you see a possible market for. Vending 101 offers a catalog of vending machines.
2. Camp out at video arcades, discount stores, bowling alleys and pizza places to notice which machines seem most popular with certain age groups. Crane machines that dispense plush animals or candy, like Single Plush Crane Machines, Jumbo Crane Machines or Play 'til You Win Candy Crane Machines, still draw customers.
3. Decide who your customer will be. Kids are a good target group for novelty vending machines that dispense toys, jewelry and fake insects. And because they're used to playing video games, kids like a game that comes with a slight challenge.
4. Investigate new locations where certain kinds of machines might do well. For example, a Yuppy Puppy Dog Treat Machine that allows dogs to get their own treat may be just the thing at a pet store, boarding kennel or veterinarian office.
5. Watch for machines that demand attention from passers-by. Bright, flashing lights or sound effects can grab the attention of someone who might normally walk on past.
6. Look at the amount of work involved in maintaining a machine. Check the storage capacity of various vending machines. In order for novelty machines to succeed, they need to hold more than a day's worth of refills.
7. Check the costs of maintaining a vending machine. Find a vendor like Vending Machines Unlimited for buying replacement items. Calculate your profit after purchasing items to refill your novelty machine. One machine that provides no product is a Coin Vortex Machine. People just add money to see it spiral down a funnel.
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