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ToddMiller

Member Since 28 Mar 2007
Offline Last Active Apr 07 2009 01:20 PM
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Topics I've Started

Profitability

19 July 2007 - 01:04 PM

Ok, I've got a few questions for everyone. First off, how many of you carry Liability Insurance? Do you have your companies incorporated? Pay income taxes on your profits?

I ask this because I just don't see much profitability in Bulk vending.

example- Rob has in his blog that he checked one location after 30 days or so and it had $35.00 in it.

Gross- $35.00=140 vends @ .25
Product Cost @ .05/vend = $7.00
Commission @ 30% on net = $8.40
Charity Contribution @ 5% = $1.40
Income Tax + or - $10.64

=$7.56 net

This doesn't include the following:

+ Locator fees
+ equipment costs
+ fuel / vehicle costs
+ insurance
+ city vending fees
+ your time

Am I missing something here? Please tell me how this is profitable large or small scale.

Thanks for your time.

Profitability

19 July 2007 - 01:04 PM

Ok, I've got a few questions for everyone. First off, how many of you carry Liability Insurance? Do you have your companies incorporated? Pay income taxes on your profits?

I ask this because I just don't see much profitability in Bulk vending.

example- Rob has in his blog that he checked one location after 30 days or so and it had $35.00 in it.

Gross- $35.00=140 vends @ .25
Product Cost @ .05/vend = $7.00
Commission @ 30% on net = $8.40
Charity Contribution @ 5% = $1.40
Income Tax + or - $10.64

=$7.56 net

This doesn't include the following:

+ Locator fees
+ equipment costs
+ fuel / vehicle costs
+ insurance
+ city vending fees
+ your time

Am I missing something here? Please tell me how this is profitable large or small scale.

Thanks for your time.

Any Kidde ride operators out there?

15 May 2007 - 02:53 PM

I just wanted to see if there are any kidde ride operators out there? I'm always looking for rides (new and Used) and parts too.