Hello all,
I am very seriously thinking of getting into the bulk vending business. I plan on purchasing a couple of heads to get my feet wet and then grow from there. These forums have been a great help in reading advice and opinions from the more experienced so I've decided to ask here.
I have read that offering a percentage (say 10-20%) is a good incentive for the business owner to say yes to your request. I know if you partner with a charity you can get your machine placed without paying a percentage with the understanding you will pay something to the charity itself. I've also heard that I should never mention a percentage unless the business owner asks/says something.
1. Do you pay a perentage to the businesses you have placed a machine at?
2. If so, what is a good percentage to offer?
Thanks for your input.
John
Information before I get into vending
Started by California Vend, Jun 30 2010 03:46 PM
2 replies to this topic
#2
SweetTooth
-
- Members
-
- 2 posts
Newbie
Posted 19 September 2010 - 04:59 AM
I have both charity and commission locations and for the commission locations I tell them 20%, I count the money right in front of them and if its a good pull I will give them more than what they are expecting. I have experienced firsthand when the business owner sees all the money coming out of the machine they get the idea that they don't need YOU if you don't give them a fair share. They then proceed to kick you out and get their own machine. So treat them fairly and you should have a mutually beneficial relationship.
#3
Schale
-
- Members
-
- 2 posts
Newbie
- Gender:Male
Posted 08 October 2010 - 10:09 PM
Depending on your location commissions range from 0% to 40%. Many locations are happy to have someone dependable to provide snacks and drinks for employees at reasonable prices and reliable service. Others though want to be just reimbursed for the electrical cost or provide money for a staff fundraiser while others know they have a high-traffic location and they want a piece of the sales.
Never be the one to bring up commission when discussing your vending because then the account will expect it and is money out of your pocket. If the account brings up commission take the angle that by paying a commission raises your costs which impacts the ability to provide low prices, newer equipment and more frequent service. Commissions will not assist you in getting and keeping accounts, only great service at a reasonable price will. That being said, unless it is a really good location, I would recommend giving no more than 5%-10% and stipulate a sales threshold before paying the commission.
Never be the one to bring up commission when discussing your vending because then the account will expect it and is money out of your pocket. If the account brings up commission take the angle that by paying a commission raises your costs which impacts the ability to provide low prices, newer equipment and more frequent service. Commissions will not assist you in getting and keeping accounts, only great service at a reasonable price will. That being said, unless it is a really good location, I would recommend giving no more than 5%-10% and stipulate a sales threshold before paying the commission.
