Candypreneur: Get Started in the Hidden Industry of Bulk Candy Vending

Table of Contents

  1. Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
    1. Why start a Bulk candy Vending Business?……….9
      1. Real Life Is The Best Business School . . . . . . . . . . . . . 12
      2. Will I Need A College Degree Or A Certification? . . . . . . 15
      3. Bulk Vending Vs Regular Vending Machines . . . . . . . . . 16
    2. Why Are Startup Businesses So Popular?………17
    3. A Good Plan Is Nothing Without Action . . . . . . . . . . . 19
  2. Getting Started . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
    1. Securing and Preparing…………..21
      1. No Turning Back Now. . . . . . . . . . . . . . . . . . . . . . 21
      2. Breathe Life Into Your Business Idea. . . . . . . . . . . . . . 22
      3. LLC — Articles of Organization…………..24
      4. EIN — Employer Identification Number…………..24
      5. License and Permits. . . . . . . . . . . . . . . . . . . . . . . 25
      6. Business Cards . . . . . . . . . . . . . . . . . . . . . . . . . . 26
    2. Buying your First Machine…………………….28
      1. Where To Begin Your Search . . . . . . . . . . . . . . . . . . 29
      2. Things To Inspect When Buying Used. . . . . . . . . . . . . 30
      3. Types Of Vending Machine And Different Manufacturers. . 31
        1. Two Heads Are Better Then One . . . . . . . . . . . . .32
        2. Quality Materials Matters . . . . . . . . . . . . . . . . .32
        3. Which Manufacturers And Machines Are Best? . . . . .32
          1. U-Turn Vending Machines . . . . . . . . . . . . . . . . . 33
          2. 1800 Vending Machines . . . . . . . . . . . . . . . . . . 34
          3. Vendstar . . . . . . . . . . . . . . . . . . . . . . . . . . 35
          4. Northwestern . . . . . . . . . . . . . . . . . . . . . . . . 36
          5. A&A Vending Machines . . . . . . . . . . . . . . . . . . 37
          6. Beaver Machine Corporation . . . . . . . . . . . . . . . 38
          7. Oak Manufacturing Company . . . . . . . . . . . . . . . 39
        4. Metal vs . Plastic . . . . . . . . . . . . . . . . . . . . . .39
      4. Cleaning And Repairing A Used Machine . . . . . . . . . . . 40
      5. Value Of A Clean Machine . . . . . . . . . . . . . . . . . . . 41
    3. Getting your machine placed . . . . . . . . . . . 43
      1. Best places to locate your machine. . . . . . . . . . . . . . 43
      2. Selling it yourself vs. Placement Service . . . . . . . . . . . 44
        1. Selling it yourself . . . . . . . . . . . . . . . . . . . . .45
          1. Approaching the manager or owner for permission . . . 45
          2. Effective Pitch Secrets . . . . . . . . . . . . . . . . . . . 47
        2. Alternative Placement Methods . . . . . . . . . . . . .47
        3. Location Sold . . . . . . . . . . . . . . . . . . . . . . .48
        4. Placement Service . . . . . . . . . . . . . . . . . . . .49
      3. Charity Stickers vs. Commission to stores . . . . . . . . . . 50
    4. Buying your candy . . . . . . . . . . 53
      1. Most Popular Candies. . . . . . . . . . . . . . . . . . . . . . 53
      2. How to purchase your candy and where? . . . . . . . . . . 54
        1. Internet Purchasing Beware . . . . . . . . . . . . . . .54
        2. Estimated Profits per lbs. of candy . . . . . . . . . . .55
    5. Inventory Control . . . . . . . . . . .57
      1. Candy Dispensing Settings . . . . . . . . . . . . . . . . . . . 57
    6. Maintenance . . . . . . . . . . . . . . . . . . . 59
      1. Servicing your location. . . . . . . . . . . . . . . . . . . . . 59
      2. How to remain safe when servicing a machine . . . . . . 61
      3. Worst Case scenario . . . . . . . . . . . . . . . . . . . . . . 62
      4. Testing and Fixing the machine . . . . . . . . . . . . . . . . . 63
      5. Cleaning . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65
    7. Accounting and Finance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 66
      1. Tracking your Metrics . . . . . . . . . . . . . . . . . . . . . . 66
      2. Vending Software . . . . . . . . . . . . . . . . . . . . . . . . 67
      3. So What Exactly Does Vend-Trak Do
        And Why Is It So Popular? . . . . . . . . . . . . . . . .67
      4. Easy To Use . . . . . . . . . . . . . . . . . . . . . . . .68
      5. Multiple Machine And User Support . . . . . . . . . . .68
      6. Location And Route Management . . . . . . . . . . . .69
      7. Reports . . . . . . . . . . . . . . . . . . . . . . . . . .69
      8. Counting your Coins . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70
      9. How to identify and keep track of your machine . . . . . . . . 72
      10. Control Costs. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 72
      11. Financials . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 74
  3. How to build a candy machine empire . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76
    1. The concept of Compound Interest. . . . . . . . . . . . . . . . . . . . . . . 76
    2. Hiring people to help. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77
    3. Purchasing a Route . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .78
  4. Tips and Tricks you will learn on the way . . . . . . . . . . . . . . . . . . . . . . . . . . 80
  5. Appendix A . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .82
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Scott Bonner

I started my journey into bulk candy vending in 2009. After reading a blog post about passive income that opened my eye to the candy vending industry. Without a clear path I started with a single machine. I found there was so much more to the business I had to learn the hard way. In 2010 once my business matured I began to blog about what I had learned so others could follow my path. I grew my business and eventually sold the route and now focus my attention on my passion for building businesses and teaching others how to reach success in their own lives. This book was for me a labor of love for those who feel trapped in their lives and want to find a way out but can't find a clear path to follow. While candy vending may not be the end all be all for everyone it can be the muse they need to take action and get the extra money they need to start something bigger.

Table of Contents June 12, 2014


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