The day starts off pissed. Pissed at my locator. Who, is a great guy, but, he just gets a little snappy sometimes. Bygones. I called in frustration and worked things out. Communication is key. At least you can talk to this guy and he is willing to compromise. Something most people will not do. He gave me a barber shop today. Not Bad, so that is Location # 1 of the day.
Then, I see this auto place called Cookies and I stop in. He, like many other businesses in town is suffering from the Summer heat and migration of people to the north. The $20 Carrabba's gift certificate swayed him. BUT A PROBLEM! There were ants. He knows he has ants. I saw some ants.. What to do...
I WENT TO A 7ELEVEN. Thank heaven for 7 Eleven! Picked up a nice thing of Petroleum Jelly and basted that sucker with it. No ants are crawling up that thing. The day was a touch better now, but it was going to get worse. I drive ALL the way out to ALBERTSONS. A 20 minute ride and the manager wasn't in. How aggravating. This location is supposed to be secured and I've been there like 5 times. Tomorrow..
After that I went to Home Depot because I had a location with a stuck quarter. Well, as I found out in Home Depot, quarters are not magnetic. That idea didn't work. So, I had an idea to get the quarter out and went to the location. GUESS WHAT, the quarter wasn't stuck. Maintenance had gotten it out. The lady said a few quarters had been stolen. No problem, I gave her two.
THIS LOCATION MADE ME EXCITED. Yes, this machine had been on location for about 4 days. And yes, there was about $5 worth of quarters in there. There are 3, 250LB women working there. Can you imagine! I AM GOING TO MAKE A KILLING! I put in more M&M Peanuts, flirted with them a bit and went on my way. They really like me.
I stopped at a few places to ask after that but no managers were in. No problem, I was in a good mood. This location is going to make great money and it has my hopes up for all Apartment locations!
BOOOM BOOM BOOOM
I hit a pizza joint that I have a machine in. I replaced his machine last Tuesday because it wasn't giving out enough M&M Peanuts. I just wanted to check on it and see how it was doing with the Runts I put in.. Not bad, not bad.
Do you remember the Chinese place next to the pizza place that said I could put in a machine once the other guy took his out? Well, I GOT IMPATIENT. Yes, I went in armed with my $20 Carrabba's gift card. This guy is really nice, a really nice guy, remembers my name. A young guy too. He says: "Oh Robert, This is too good to pass up. I get 30% commission too?" I of course said Yes because this was the deal I had made with him. HE IS A BUSINESS MAN.
So, he put an "Out of Order" sign on the other machine and I brought mine in! Unlike the other machine that was back in the hallway, mine is right next to the door! I told him, it's up to you but it will make a lot more money by the door! He said, YES! It's a killer location. The guy likes me and I know it's going to do well. What else does life have to offer? Really..
I've decided to sell my 3 new triple-head machines. I want $95 plus whatever shipping costs to you. This is cheaper than you can buy on eBay or anywhere else. These are black with beautiful chrome stands. Let me know if you want one!
What a day. And, it's only 1:30PM. That's what I love about the vending business.
Rob
Tuesday, July 31, 2007
Monday, July 30, 2007
Machine Shopping
I got up early this morning and built 4 double head machines! I'm about to take a shower and get out on the town and try to place some. You will notice if you get into the candy business heavily that your car becomes a complete mess of candy bags, very fast. So, I cleaned my car out today as well and it's looking much better. Let's see what else is going on..
I've been talking to people on eBay and Craigslist about buying used machines. I really want to get some machines for $30 or under. I know they are out there. Does anyone know if there is a way to search the entire state of Florida on Craigslist instead of just certain cities?
Besides the 4 machines I built today I still have 3 triple-head machines in boxes and I have one machine that I found on location that I need to fix. I still can't get into one side because of the lock. I am seriously considering selling the 3 triple-heads on eBay this week. I paid $95 and I should at least be able to break even. They are black with chrome stands. I've just decided that I would rather spend my money on cheaper used machines!
You guys have got to check out the forum. This guy Frank aka "Sweets" is really inspirational. His story is inspirational anyway. He has like 60 used machines now that he has paid UNDER $20 EACH for! I mean, how can you beat that. He is going to be successful, I know it, and I want in!
Intriguing Numbers:
Machine: $20
Location Cost: $40
Candy Cost: $15
TOTAL COST: $75
We will use a low calculation of a machine averaging $10 per month. Also, I count candy as a fixed cost for the machine in the beginning. A candy machine must have candy in it at all times, hence I'm going to set the fixed candy cost at $15. However, when calculating the true ROI, I am going to deduct the $15 as a candy expense. See below.
Gross Income: $120
Candy Cost: 15% of 120 = $18 - $15 (initial candy for machine) = $3
NET INCOME: $120 - $3(excess candy cost) = $117
ROI (per year): $117(Net Income)/$75(Machine) = 156%.
If you know anything about return on investments or finance you will realise this number is astounding. Granted this number works off of you finding used machines at extremely discounted prices. However, these are real numbers and they are fairly conservative. What I'm saying is, the opportunity is out there.
Candyman Can!
I've been talking to people on eBay and Craigslist about buying used machines. I really want to get some machines for $30 or under. I know they are out there. Does anyone know if there is a way to search the entire state of Florida on Craigslist instead of just certain cities?
Besides the 4 machines I built today I still have 3 triple-head machines in boxes and I have one machine that I found on location that I need to fix. I still can't get into one side because of the lock. I am seriously considering selling the 3 triple-heads on eBay this week. I paid $95 and I should at least be able to break even. They are black with chrome stands. I've just decided that I would rather spend my money on cheaper used machines!
You guys have got to check out the forum. This guy Frank aka "Sweets" is really inspirational. His story is inspirational anyway. He has like 60 used machines now that he has paid UNDER $20 EACH for! I mean, how can you beat that. He is going to be successful, I know it, and I want in!
Intriguing Numbers:
Machine: $20
Location Cost: $40
Candy Cost: $15
TOTAL COST: $75
We will use a low calculation of a machine averaging $10 per month. Also, I count candy as a fixed cost for the machine in the beginning. A candy machine must have candy in it at all times, hence I'm going to set the fixed candy cost at $15. However, when calculating the true ROI, I am going to deduct the $15 as a candy expense. See below.
Gross Income: $120
Candy Cost: 15% of 120 = $18 - $15 (initial candy for machine) = $3
NET INCOME: $120 - $3(excess candy cost) = $117
ROI (per year): $117(Net Income)/$75(Machine) = 156%.
If you know anything about return on investments or finance you will realise this number is astounding. Granted this number works off of you finding used machines at extremely discounted prices. However, these are real numbers and they are fairly conservative. What I'm saying is, the opportunity is out there.
Candyman Can!
Saturday, July 28, 2007
Sweet's Success is Inspirational!
There is a new post on the forum from a guy named Frank aka Sweet Stop. He has his own section called Sweet's Success and there is a GREAT post from him about how he started and where he is at now. We started at similar times and he has 9 machines on location right now.
Anyway, it's a great story about how he started and he is going to keep us informed as he goes along. I really encourage you to check it out.
On my front, I think I'm going to build some machines today. There really isn't much for bulk vendors to do on the weekends. I guess I just assume that most managers aren't in. Anyway! Talk to you guys soon. Good luck.
Candyman Can!
Anyway, it's a great story about how he started and he is going to keep us informed as he goes along. I really encourage you to check it out.
On my front, I think I'm going to build some machines today. There really isn't much for bulk vendors to do on the weekends. I guess I just assume that most managers aren't in. Anyway! Talk to you guys soon. Good luck.
Candyman Can!
Friday, July 27, 2007
the day of chains 38/45
Well, I've concluded that apartment buildings are very easy to get. I went to two locations today and got them both. One of the machines I put in the laundry room and I'm pretty sure that one will make money. However the other machine I'm not sure if it will do well. It's sort of in the lobby area of the leasing office. I put M&M Peanuts in it though so maybe the ladies will be tempted.
Of course the laundry location was no guarded so I went to home depot and go some master locks and chain. It cost me $10 to secure one machine with two master locks and a 5ft piece of chain. I just hooked it to a big table that was in the laundry room. No one is taking the machine, but they could still break it if they wanted. There were two soda machines in the laundry room already which made me think it will do well.
I told my locator no more apartment buildings. I can find them myself. I checked one machine that had been on location for 10 days and there was $1.75 in it. It is in an apartment building leasing office, which is actually just an apartment turned into an office. I just stopped by since I was near it today. Anyway, she told me that near the beginning of the month everyone comes in to pay. She said a lot of Mexicans come in and bring their children. Hopefully that will help! She also recommended that I put a 25 cent label on it so they knew how much it cost so I put one on.
That was my day so far. I think that's 9 machines placed this week. Not too bad, not too bad. I just hope I am getting some locations that make money. I really hate having a top heavy route where certain machines make up the majority of the money but I'm sure that's how it is for everyone. I'm sure Apple doesn't enjoy making 80% of it's money from one product (IPOD) but they have no choice in the matter!
I'm also working on my new site. I've ended up investing a little more money then I initially wanted to but oh well. Check out the forum. We have 4 members already. It will grow. And I think there are some interesting sections. Kyle Guth has his own section as well as Alan Sampson.
Rob
http://www.kickstartvending.com/forum
Of course the laundry location was no guarded so I went to home depot and go some master locks and chain. It cost me $10 to secure one machine with two master locks and a 5ft piece of chain. I just hooked it to a big table that was in the laundry room. No one is taking the machine, but they could still break it if they wanted. There were two soda machines in the laundry room already which made me think it will do well.
I told my locator no more apartment buildings. I can find them myself. I checked one machine that had been on location for 10 days and there was $1.75 in it. It is in an apartment building leasing office, which is actually just an apartment turned into an office. I just stopped by since I was near it today. Anyway, she told me that near the beginning of the month everyone comes in to pay. She said a lot of Mexicans come in and bring their children. Hopefully that will help! She also recommended that I put a 25 cent label on it so they knew how much it cost so I put one on.
That was my day so far. I think that's 9 machines placed this week. Not too bad, not too bad. I just hope I am getting some locations that make money. I really hate having a top heavy route where certain machines make up the majority of the money but I'm sure that's how it is for everyone. I'm sure Apple doesn't enjoy making 80% of it's money from one product (IPOD) but they have no choice in the matter!
I'm also working on my new site. I've ended up investing a little more money then I initially wanted to but oh well. Check out the forum. We have 4 members already. It will grow. And I think there are some interesting sections. Kyle Guth has his own section as well as Alan Sampson.
Rob
http://www.kickstartvending.com/forum
Thursday, July 26, 2007
Days Events 36/46
Two new apartment building locations today have been secured. I went to a few auto shops but no managers were in. I wasted the morning getting M&M Peanuts when I should have been at auto shops. Oh well.
That is still 7 Machines located this week! And I still have another day, let's hope!
THE NEW, NEWER Forum is up and running! Well, I just couldn't take the old one. I wanted to upgrade and I think it was the right choice. This has got to be the best forum I have ever seen.
Kyle Guth and Alan Sampson have their own sections. Go on there and check them out, they will be posting soon.
Any new ideas? How did you guys do today?
Rob
P.S. There was this pregnant lady working at one of the apartment buildings today and I KNOW she is going to go crazy over the M&M Peanuts and Runts. She was so excited.
That is still 7 Machines located this week! And I still have another day, let's hope!
THE NEW, NEWER Forum is up and running! Well, I just couldn't take the old one. I wanted to upgrade and I think it was the right choice. This has got to be the best forum I have ever seen.
Kyle Guth and Alan Sampson have their own sections. Go on there and check them out, they will be posting soon.
Any new ideas? How did you guys do today?
Rob
P.S. There was this pregnant lady working at one of the apartment buildings today and I KNOW she is going to go crazy over the M&M Peanuts and Runts. She was so excited.
starting the day
Well, I'm getting ready to start the day. The forum is undergoing some maintenance right now, should be back online anytime.
I have to go to Costco to get M&M Peanuts because I'm basically out and have been buying bags at Wal-Mart to get me through my drought. As far as gumballs go I think I'm basically out. I don't have a SAMS card so I have to find someone who can take me to SAMS. Why can't Costco just have some Double Bubble?!
Anyway, I'm hitting the road with gift cards in hand. I know those mechanics can't say no to a free $20 dinner! Here I come..
Rob
I have to go to Costco to get M&M Peanuts because I'm basically out and have been buying bags at Wal-Mart to get me through my drought. As far as gumballs go I think I'm basically out. I don't have a SAMS card so I have to find someone who can take me to SAMS. Why can't Costco just have some Double Bubble?!
Anyway, I'm hitting the road with gift cards in hand. I know those mechanics can't say no to a free $20 dinner! Here I come..
Rob
Wednesday, July 25, 2007
New Vending Forum
I'm sure you have noticed the new image at the top of the blog. It is a link to the new forum that I made. Please sign up and try it out. If you want anything changed I can do that for you. I am also asking Kyle Guth to have his own column on the forum, hopefully he will oblige. I have already created it for him, haha.
You can now post your own topics and do whatever you want. You don't have to listen to me anymore, although I will continue on writing here! Sign up!
My new vending sales site will be http://www.kickstartvending.com It is not quite up yet but it will be soon. The forum website is http://kickstartvending.com/forum/
As you can see you are going to get Kick-Started into vending! There is no better time than the present! Thank you guys. Sign up today! I've already started writing on there so go read.
Rob
Candyman 007
You can now post your own topics and do whatever you want. You don't have to listen to me anymore, although I will continue on writing here! Sign up!
My new vending sales site will be http://www.kickstartvending.com It is not quite up yet but it will be soon. The forum website is http://kickstartvending.com/forum/
As you can see you are going to get Kick-Started into vending! There is no better time than the present! Thank you guys. Sign up today! I've already started writing on there so go read.
Rob
Candyman 007
BACK UP AND RUNNING 34/46
Well, boy do I have a story to tell. First off I would like to say the site is back up and I can post without a problem!
I'm also in the midsts of working on a new site to sell a product for vending. It's cool, sort of unique in its own right. I think it will be popular and it sure will help new people starting in vending. Even oldies may give it a try since it's such a great deal. It was going to go up today but I got in an argument with the guy designing the site so I may just do it myself. It will be up soon at any rate.
About the forum: To be honest I've been wanting to start a forum for a long time. Caserri emailed me about 10 days back and told me he was starting his own. I told him then that I was actually considering starting my own and now I'm ready to start it. It will be up soon, most likely within a few days. It will have a few different things. Anyway, I know you guys like to comment on here but I think it would be nice if you could make your own topics as well.
Next on the agenda: I stopped and got Carrabba's gift certificates this morning. They come in $10 denominations so I got $60 worth and put $20 in each holder. This way I could give out $20 as a promotion for letting me put my candy machine in the location.
Next, I went to an Albertson's that I had already been to once and he told me no. My locator found this one for me. Anyway, my locator called this morning and said that they talked to the manager again and he said no one ever stopped in to drop the machine off.. Obviously I had been there before, I don't know what's going on. I went again today but I the manager was on his way out the door so I have to go back on Friday.
Next to Albertson's was a China King.
ARMED WITH GIFT CERTIFICATE IN HAND, I WENT IN:
Man, did this guys eyes light up. My friend was with me and he said that Chinese people probably only eat in their Chinese restaurants but I don't think that is the case. He got excited and let me put the machine in. That was my first stop of the day, and I got a yes. He got a $20 gift certificate and we are all happy. Who's excited?
I went to a few more places and got great feedback. One guy said "Wow, that is tempting but I can't." Next, I went to an auto garage. Yeah, $20 Carrabba's dinner to that mechanic and he said "BRINGER ON IN" and I did. I went to 5 places and got 2 in. Talk about moving up in the world!
I checked on one machine in a rib shack and it had $13 in it. It has been there for 20 days. It's new and hopefully it will pickup. I have one in the same rib shack here on this side of town and it made $30 in the first month. I was near so I figured I would check.
Gift certificates are the way to go! I wanted to do $15 gift certificates but they only come in $10 $25 and $50 denominations. I stopped by later and got $60 more in gift certificates. Back on the road tomorrow! So yes, Guth, I can place my own machines. Thanks for the outstanding idea Josh. I think everyone needs to do this.
Rob
Candyman CAN
I'm also in the midsts of working on a new site to sell a product for vending. It's cool, sort of unique in its own right. I think it will be popular and it sure will help new people starting in vending. Even oldies may give it a try since it's such a great deal. It was going to go up today but I got in an argument with the guy designing the site so I may just do it myself. It will be up soon at any rate.
About the forum: To be honest I've been wanting to start a forum for a long time. Caserri emailed me about 10 days back and told me he was starting his own. I told him then that I was actually considering starting my own and now I'm ready to start it. It will be up soon, most likely within a few days. It will have a few different things. Anyway, I know you guys like to comment on here but I think it would be nice if you could make your own topics as well.
Next on the agenda: I stopped and got Carrabba's gift certificates this morning. They come in $10 denominations so I got $60 worth and put $20 in each holder. This way I could give out $20 as a promotion for letting me put my candy machine in the location.
Next, I went to an Albertson's that I had already been to once and he told me no. My locator found this one for me. Anyway, my locator called this morning and said that they talked to the manager again and he said no one ever stopped in to drop the machine off.. Obviously I had been there before, I don't know what's going on. I went again today but I the manager was on his way out the door so I have to go back on Friday.
Next to Albertson's was a China King.
ARMED WITH GIFT CERTIFICATE IN HAND, I WENT IN:
Man, did this guys eyes light up. My friend was with me and he said that Chinese people probably only eat in their Chinese restaurants but I don't think that is the case. He got excited and let me put the machine in. That was my first stop of the day, and I got a yes. He got a $20 gift certificate and we are all happy. Who's excited?
I went to a few more places and got great feedback. One guy said "Wow, that is tempting but I can't." Next, I went to an auto garage. Yeah, $20 Carrabba's dinner to that mechanic and he said "BRINGER ON IN" and I did. I went to 5 places and got 2 in. Talk about moving up in the world!
I checked on one machine in a rib shack and it had $13 in it. It has been there for 20 days. It's new and hopefully it will pickup. I have one in the same rib shack here on this side of town and it made $30 in the first month. I was near so I figured I would check.
Gift certificates are the way to go! I wanted to do $15 gift certificates but they only come in $10 $25 and $50 denominations. I stopped by later and got $60 more in gift certificates. Back on the road tomorrow! So yes, Guth, I can place my own machines. Thanks for the outstanding idea Josh. I think everyone needs to do this.
Rob
Candyman CAN
Tuesday, July 24, 2007
lost in the sea
There are many reasons to have a business plan. There are even more reasons why you should write your business plan on paper. Probably so you don't get into situations like I am in..
I just don't know what to do right now. I am not content doing nothing but I'm not sure what I should be doing. I'm just waiting right now for my locator to call with more locations but that doesn't keep me content. Should I even stick with my locator now or should I get this guy to come locate in person?
I have no written business plan so I'm not sure what I should be doing. The only thing I can think to do today is build machines. But that will only keep me busy for so long.
Rob
I just don't know what to do right now. I am not content doing nothing but I'm not sure what I should be doing. I'm just waiting right now for my locator to call with more locations but that doesn't keep me content. Should I even stick with my locator now or should I get this guy to come locate in person?
I have no written business plan so I'm not sure what I should be doing. The only thing I can think to do today is build machines. But that will only keep me busy for so long.
Rob
Monday, July 23, 2007
RIDICULOUS
The argument about locator's is ridiculous. A machine placed is a machine placed. The only valid argument is about the money paid to locator's.
In the spirit of trying to locate myself, since everyone seems to agree that locating yourself is a good thing, I am going to start calling tomorrow morning. I am going to make my own phone calls right here in Naples, FL. I am going to call until I get a location. I am done going from place to place locating but I'm willing to try telephone locating.
Also, the in person locator is followed up by telephone locating. So if locations need replaced they will do it by telephone. I think there deal is you have to pay half to replace a location, so in my case that would be $20. But, I will make my deal so relocating is free. I really like this guy that I have been talking to about in person locating. He is a real businessman and I know his locating company has made him very wealthy. He has his own in house telemarketing staff.
TO SUCCESS! LOCATOR'S OR NOT WE ALL WANT TO BE SUCCESSFUL! WISH ME LUCK AND I WILL WISH YOU LUCK. Yes, I do want to grow faster than most of you out there. But that is in my business plan ; )
THE CANDYMAN CAN
Rob
In the spirit of trying to locate myself, since everyone seems to agree that locating yourself is a good thing, I am going to start calling tomorrow morning. I am going to make my own phone calls right here in Naples, FL. I am going to call until I get a location. I am done going from place to place locating but I'm willing to try telephone locating.
Also, the in person locator is followed up by telephone locating. So if locations need replaced they will do it by telephone. I think there deal is you have to pay half to replace a location, so in my case that would be $20. But, I will make my deal so relocating is free. I really like this guy that I have been talking to about in person locating. He is a real businessman and I know his locating company has made him very wealthy. He has his own in house telemarketing staff.
TO SUCCESS! LOCATOR'S OR NOT WE ALL WANT TO BE SUCCESSFUL! WISH ME LUCK AND I WILL WISH YOU LUCK. Yes, I do want to grow faster than most of you out there. But that is in my business plan ; )
THE CANDYMAN CAN
Rob
Sergeant Alan Sampson 32/46
TWO LOCATIONS BEFORE 9AM. Alan found me two outstanding locations this morning. One is a Goodyear and the other is an auto place. They are both outstanding locations. In the second auto place they had 2 machines already but the guy moved them into the back and let me put mine right there in the front! Great deal!
As I was rising from bed Alan was working and finding me locations. Amazing. I couldn't believe it. He called me to give me the first location and then 3 minutes later called again with the second. I thought I was dreaming. He called 10 places today so far. 2/10 isn't bad at all.
There was a barber right next to the second auto place so I thought, hmm. I went right in with just a business card, gave him my pitch, and he said sure. Now they have a candy machine! Yes, that is 3 machines this morning before 10:30AM! The day hasn't even started.
Back to work.
Rob
As I was rising from bed Alan was working and finding me locations. Amazing. I couldn't believe it. He called me to give me the first location and then 3 minutes later called again with the second. I thought I was dreaming. He called 10 places today so far. 2/10 isn't bad at all.
There was a barber right next to the second auto place so I thought, hmm. I went right in with just a business card, gave him my pitch, and he said sure. Now they have a candy machine! Yes, that is 3 machines this morning before 10:30AM! The day hasn't even started.
Back to work.
Rob
Sunday, July 22, 2007
Preparing for Monday
Can I place 17 machines next week? That is my goal but we will see. I have my locator working hard and he promised a few locations for me on Monday. If anyone else out there feels like donating their time and energy to my business feel free to start calling locations in Naples, FL for me!
Alan Sampson and I are working for locations on Monday as well. He has his phone ready and is going to call 100 places. We have a nice script worked out and I think it is going to work great. I am going to have a few machines in my car and when he generates a lead I'm going to head right over to the business and bring in the machine. These are free locations so let's hope I get a lot!
About vending enough M&M Peanuts. So in the beginning I was a little stingy with the amount of M&M Peanuts I distributed. Well, I have had a few complaints. The latest was at the pizza place where I made $55. I told him I would replace the machine and make sure it would vend plenty of M&M Peanuts. Lesson learned. The customer is always right.
Everyone in my direct area (friends/family) thinks I should slow down on this business. Everyone on here thinks I should keep going, expand faster, and be an example for those just starting in the business. Me an example? We will see, haha.
I've never really listened to nay sayers so I guess I will just keep going. I don't really see a choice to be honest, what else am I going to do?
LAST THOUGHT: If all of my readers found me JUST 1 LOCATION I could expand much faster! What do you guys think?
CANDYMAN CAN
Alan Sampson and I are working for locations on Monday as well. He has his phone ready and is going to call 100 places. We have a nice script worked out and I think it is going to work great. I am going to have a few machines in my car and when he generates a lead I'm going to head right over to the business and bring in the machine. These are free locations so let's hope I get a lot!
About vending enough M&M Peanuts. So in the beginning I was a little stingy with the amount of M&M Peanuts I distributed. Well, I have had a few complaints. The latest was at the pizza place where I made $55. I told him I would replace the machine and make sure it would vend plenty of M&M Peanuts. Lesson learned. The customer is always right.
Everyone in my direct area (friends/family) thinks I should slow down on this business. Everyone on here thinks I should keep going, expand faster, and be an example for those just starting in the business. Me an example? We will see, haha.
I've never really listened to nay sayers so I guess I will just keep going. I don't really see a choice to be honest, what else am I going to do?
LAST THOUGHT: If all of my readers found me JUST 1 LOCATION I could expand much faster! What do you guys think?
CANDYMAN CAN
Friday, July 20, 2007
What a day 29/46
Today I decided I needed to check some machines. First of all I had 3 machines that I couldn't get into. The back door lock is stuck. I know what the problem is but I need to take those machines out for maintenance, does anyone have a good idea how to do this? I'm new to this.
The ones I did check:
Dry Cleaners : $5.50
Bar (Machine in hallway) : $9.25
I'm driving around depressed at this point. The first two locations were not good. I felt so lucky to have made $9.25 in the one location. Then I went to the next two.
Butchers: $3.75
Lunch Grill: $4
After these I was really down. What was going on in my mind: How in the hell did I let myself get into this damn business and think it would be so easy. $20 a month average, yeah right. Damn, now I have 46 machines making $5 a month. I'm running through numbers in my head. 100 machines at $5 a month only $500.
Prepare yourself for this vendors. This has got to be the worst feeling ever. Going around and doing all this work, building machines, finding locations, and then making $3-$4. God how aggravating and depressing.
So, I went to the pizza shop that Cynthia found for me. He said he didn't think there was room and he thought it was a table top machine. I talked to him for a few minutes and we found a corner in the restaurant for it. It fits, looks great, and I think it will do well. So the day wasn't as bad at this point. Had he of said no I may have looked for a bridge ; ) It really is an outstanding location. The machine fits in perfectly with gumballs and runts. I hope it does well, I think it will.
Finally, there was one last place to check by my house; a pizza shop.
Pizza Shop: $55!!!!!
Yes, that is $55 not $5.50. It has been on location for a month. So at this point I'm just all mixed up. $4 and $55. My mind wasn't ready for all of this. Anyway, Let's look at the averages so far. We will find the truth.
Location Money Thus Far:
Location 1: $35.50
Location 2: $55.00
Location 3: $15.75
Location 4: $30.00
Location 5: $9.25
Location 6: $5.50
Location 7: $3.75
Location 8: $4.00
AVERAGE: $19.85 per location. I hope this helps your calculations Alan. It is very interesting. I'm not sure if you all are familiar with the Pareto principle but it goes like this. 80% of your profits will come from 20% of your locations. The principle is universal. 80% of locations derive 20% of profits. 80% of candy in your machines generates 20% of your revenue; this would be true for the pizza shop, as most of the sales were gumballs.
The other nice thing is this. At locations where I'm only making $5 bucks a month I can throw in a single head. A single head sets me back about $55 and at $5 a month it will pay for itself in a year.
Rob
UPDATE: I called the 15 places that Cynthia gave me. One of them is a maybe. I'll be honest, it wasn't as bad as I thought it would be. It was kind of torturous getting down the list though. I'm sure you get better the more you call. The reactions are generally good. I think because I have no accent and I'm friendly on the phone. It took me 10 minutes to call 15 places, I can see how locators can make good money even at 1 location an hour.
The ones I did check:
Dry Cleaners : $5.50
Bar (Machine in hallway) : $9.25
I'm driving around depressed at this point. The first two locations were not good. I felt so lucky to have made $9.25 in the one location. Then I went to the next two.
Butchers: $3.75
Lunch Grill: $4
After these I was really down. What was going on in my mind: How in the hell did I let myself get into this damn business and think it would be so easy. $20 a month average, yeah right. Damn, now I have 46 machines making $5 a month. I'm running through numbers in my head. 100 machines at $5 a month only $500.
Prepare yourself for this vendors. This has got to be the worst feeling ever. Going around and doing all this work, building machines, finding locations, and then making $3-$4. God how aggravating and depressing.
So, I went to the pizza shop that Cynthia found for me. He said he didn't think there was room and he thought it was a table top machine. I talked to him for a few minutes and we found a corner in the restaurant for it. It fits, looks great, and I think it will do well. So the day wasn't as bad at this point. Had he of said no I may have looked for a bridge ; ) It really is an outstanding location. The machine fits in perfectly with gumballs and runts. I hope it does well, I think it will.
Finally, there was one last place to check by my house; a pizza shop.
Pizza Shop: $55!!!!!
Yes, that is $55 not $5.50. It has been on location for a month. So at this point I'm just all mixed up. $4 and $55. My mind wasn't ready for all of this. Anyway, Let's look at the averages so far. We will find the truth.
Location Money Thus Far:
Location 1: $35.50
Location 2: $55.00
Location 3: $15.75
Location 4: $30.00
Location 5: $9.25
Location 6: $5.50
Location 7: $3.75
Location 8: $4.00
AVERAGE: $19.85 per location. I hope this helps your calculations Alan. It is very interesting. I'm not sure if you all are familiar with the Pareto principle but it goes like this. 80% of your profits will come from 20% of your locations. The principle is universal. 80% of locations derive 20% of profits. 80% of candy in your machines generates 20% of your revenue; this would be true for the pizza shop, as most of the sales were gumballs.
The other nice thing is this. At locations where I'm only making $5 bucks a month I can throw in a single head. A single head sets me back about $55 and at $5 a month it will pay for itself in a year.
Rob
UPDATE: I called the 15 places that Cynthia gave me. One of them is a maybe. I'll be honest, it wasn't as bad as I thought it would be. It was kind of torturous getting down the list though. I'm sure you get better the more you call. The reactions are generally good. I think because I have no accent and I'm friendly on the phone. It took me 10 minutes to call 15 places, I can see how locators can make good money even at 1 location an hour.
Thursday, July 19, 2007
Cynthia AKA The Terminator
I'm not sure if you all knew about Cynthia and I sending each other lists of businesses to cold call for each other. Anyway, I sent Cynthia a list of about 60 pizza places today and she sent me a list of only 15 restaurants to call, haha. So anyway. I figured I would start calling for her on Monday but hell she called for me today and already secured me a location!
Plus there are a few places that she wrote call back and one location that is remodeling and said come back August 21st. Cynthia, I'm going to ask you to call back those locations since they have already heard your voice on the phone. You are doing an outstanding job. We will keep this going.
NOW: I have all this pressure to get a location for Cynthia. I would call tomorrow but so many managers don't show up on Friday I think it would be fruitless. Maybe I will call anyway. I want to get her a location now!
Plus there are a few places that she wrote call back and one location that is remodeling and said come back August 21st. Cynthia, I'm going to ask you to call back those locations since they have already heard your voice on the phone. You are doing an outstanding job. We will keep this going.
NOW: I have all this pressure to get a location for Cynthia. I would call tomorrow but so many managers don't show up on Friday I think it would be fruitless. Maybe I will call anyway. I want to get her a location now!
EVERYONE NEEDS TO JOIN IN ON THIS PROGRAM
How it works:
How it works:
- Exchange a list of 30 names/numbers with Cynthia and I.
- We each give you a list of 30 names/numbers to call.
- Start making phone calls and securing locations for the other vendor!
WHY DOES THIS WORK?
Candyman 007 AKA Rob
P.S. I placed a machine in a restaurant that my locator gave me today; an outstanding location. I also had lunch there. They wanted mints and all I could find were Mikenike chewy mints at the store. I figured it out, they cost me 12 cents per vend. Oh well, the gumballs will be the real money maker! I built 5 machines today, I hate building.
- More confidence calling for other people.
- No pressure.
- You don't get discouraged if it's not your own business.
- No emotion.
- It forces you to make calls you otherwise wouldn't make.
- IT'S FREE!
Candyman 007 AKA Rob
P.S. I placed a machine in a restaurant that my locator gave me today; an outstanding location. I also had lunch there. They wanted mints and all I could find were Mikenike chewy mints at the store. I figured it out, they cost me 12 cents per vend. Oh well, the gumballs will be the real money maker! I built 5 machines today, I hate building.
NEW LOCATION
My locator emailed me last night with 3 locations but 2 of them were in the wrong zips, unfortunately. I say unfortunately because all 3 were outstanding locations. Anyway, the one I have to drop off today is at a restaurant/bar. They mentioned that they want mints. Does anyone have an idea about what kind of mints to put into these machines? Obviously cheaper is better.
Cynthia and I have exchanged call sheets! We are going to call and attempt to secure each other locations. I think this is a great program and if anyone wants to join in on the fun let me know. It is much easier calling for someone else. It's a mental thing.
I have 17 machines to build today. What a blast. I got part of them put together yesterday with my friend, I think he's going to help again today. Putting these things together is becoming a full time job.
Rob
Cynthia and I have exchanged call sheets! We are going to call and attempt to secure each other locations. I think this is a great program and if anyone wants to join in on the fun let me know. It is much easier calling for someone else. It's a mental thing.
I have 17 machines to build today. What a blast. I got part of them put together yesterday with my friend, I think he's going to help again today. Putting these things together is becoming a full time job.
Rob
Wednesday, July 18, 2007
Building
So, I decided to pull the laundry location. I'm going to pick it up today, hopefully it's there. Anyway, it will be interesting to see if there are any quarters in it.
I have two new locations from my locator and I'm going to drop them off this morning. Hopefully they are descent.
THEN ON TO BUILDING. 14 machines left to put together out of this new lot and 4 of the triples left to put together. This is becoming a full time job in itself. See you guys on the flip side.
Rob
I have two new locations from my locator and I'm going to drop them off this morning. Hopefully they are descent.
THEN ON TO BUILDING. 14 machines left to put together out of this new lot and 4 of the triples left to put together. This is becoming a full time job in itself. See you guys on the flip side.
Rob
Tuesday, July 17, 2007
15 NEW BEAUTIFUL MACHINES
Yes, I went to Miami today with my friend and picked up more candy machines! I got double heads, yes double head machines for $95. Not too shabby. The machines are metal double heads, upgraded from the plastic bottom ones. I just didn't want to buy the plastic ones even though they were a bit cheaper. And I have black metal stands. ANYWAY, THEY ARE SEXY. I built one today and just love it. I love it, love it, love it. I'm a double head man now. So I went to buy 10 double heads, but I got excited and got 15. That's the beauty of having my business plan in my mind, it changes on the spot. I can tell the machines are just built better than the triple-head ones. I'm excited. AND DAMN do they look sharp. My idea is to put Runts and Gumballs in all places that are non auto related. I just think that they will sell better. M&M Peanuts are a hearty snack, not good for a restaurant. Maybe salons will get M&M Peanuts! We will see. Anyplace where I think true hunger is an issue I'll put in M&M Peanuts!
My locator called with two new locations today. I haven't had time to drop them off yet but I will tomorrow. I think he said one was an apartment building and one was a Goodyear tire. Great.
RUNTS RUNTS RUNTS. He (www.gumball-machine.com) charges $7.50 a bag and I begged for $7 and we negotiated $7.25 a bag, haha. So I bought 20 5lb bags. Yes, I had 100lbs of Runts in my car today. And probably another 750+ pounds in candy machines. It took an extra quarter of a tank on the way back from Miami then on the way to.
I need to get building my machines! I think my friend is going to help me tomorrow, how nice.
The nice thing is with these new machines is 1 bag of runts and about $7 worth of gumballs will fill the two heads. Meaning for under $15 my machines are full. The triple-heads were costing me $35! That was crazy. Lower inventory = higher profits. Who's excited!?!
Candyman 007
One last thing. I've been talking to this retired Sergeant and he is considering 1800vend. Now, I have fervently tried to sway him from them and I want you guys to help. Below is a copy of the email I sent him tonight:
EMAIL:
Alan,
I respect that you have a plan and are sticking to it but I think a few adjustments could be made. A business plan is a living document and is never perfect. As you grow and learn more you must make needed changes. Some advice. Buy 10 machines on a credit card and get them located. As you will find out, locating is not an overnight process, it takes weeks. 50 machines will not be located in 1 day. A home equity line of credit is a great thing and probably the lowest interest rate you will find, however, there are other options. I'm 22 and they approved me for $45,000 in credit with 0% interest until May 2008. This gives me considerable time to grow with OPM or other peoples money. Bulk vending machines pay for themselves in less than a year.
Don't buy triple-head machines. That is the last thing I will say. I got my first batch of double head machines today and I can tell you the quality is much better than triple-heads. There is a reason every single large vendor on the market uses double head machines.
Marketing and promotional material provided to you by companies such as 1800 vending are gimmicks. Promotional material does not sell vending machines, you do, your locator does, and good service does. From someone with a business degree I urge you once again to stay away from business opportunity's such as 1800 vend, UTURN, and others. These are MADE to make money from novices. Buy your machines on eBay and get a locator yourself.
You are a retired Sergeant. Most people respect that. I don't see why you can't locate your own machines. Don't tell me that you are scared to sell like so many others, I won't hear it. You are in a position of authority, people will be happy to accept your machines. Use a charity that means something to you and sell it. I'm telling you how to be successful.
Rob
Monday, July 16, 2007
Questioning my machines 26/30
Well the more I think about it, the more I'm not sure about switching to two headed machines. MY MACHINES LOOK SO GOOD. I'm going to have to take some pictures of the machines on location to show you guys. They are just the sharpest things you have ever seen. Chrome and black is just sexy. I don't know if some locations will be happy with a crappier looking machine. My machines supply a level of class that other machines don't. What do you guys think?
WELL, I GOT 2 AMAZING APARTMENT BUILDING LOCATIONS TODAY!!! These will make mad money I think. They are both in great locations. I'm excited, kids and workers alike will be using these. And yes, I've turned up the M&M Peanut distribution so you get plenty. I had one lady say "Wow, that sure is a lot." So yes Guth, I'm giving generous portions of M&M Peanuts now. My locator found these, I'm keeping him on his toes.
1 MACHINE I JUST DON'T KNOW ABOUT: Ok, I dropped it off anyway but I want to hear your guys opinions. It's in an apartment building laundry room. It's not guarded and it's open 24 hours. There is nothing to bolt or chain it to. Do you guys think it will get stolen? It's there now but I can always take it out. I think it will make good money if it's not stolen but you never know with those things. I don't have any experience in this department. Does anyone have an idea of how to secure it to a location? The floor is tile and there is nothing that I can put a chain around, I looked. Plus, there are no cameras. I just don't know what to do about this location. Help me out.
Rob
P.S. Somehow I've misplaced a machine. I have 26 machines on location now and only 3 new ones left. I honestly don't know what I did with the machine. God help me, keep good records!
WELL, I GOT 2 AMAZING APARTMENT BUILDING LOCATIONS TODAY!!! These will make mad money I think. They are both in great locations. I'm excited, kids and workers alike will be using these. And yes, I've turned up the M&M Peanut distribution so you get plenty. I had one lady say "Wow, that sure is a lot." So yes Guth, I'm giving generous portions of M&M Peanuts now. My locator found these, I'm keeping him on his toes.
1 MACHINE I JUST DON'T KNOW ABOUT: Ok, I dropped it off anyway but I want to hear your guys opinions. It's in an apartment building laundry room. It's not guarded and it's open 24 hours. There is nothing to bolt or chain it to. Do you guys think it will get stolen? It's there now but I can always take it out. I think it will make good money if it's not stolen but you never know with those things. I don't have any experience in this department. Does anyone have an idea of how to secure it to a location? The floor is tile and there is nothing that I can put a chain around, I looked. Plus, there are no cameras. I just don't know what to do about this location. Help me out.
Rob
P.S. Somehow I've misplaced a machine. I have 26 machines on location now and only 3 new ones left. I honestly don't know what I did with the machine. God help me, keep good records!
Runt Rampage
Ok, I have 3 machines to place in apartment buildings today. God, I wish I had Runts to put in the machines but all I have are skittles and M&M Peanuts. SAM'S here doesn't have Runts and they cost me $7.50 from my distributor in Miami. This is ridiculous, I'm on a Runt Rampage.
MOVING TO DOUBLE HEAD MACHINES:
It just makes sense to me. I've been talking with other vendors who are much larger than myself and they all use double head machines. Why, you ask? Well here is the explanation that one big vendor gave me in my own words.
You can start out with a double head machine. You put Runts and Gumballs in there. You leave it a month and if one product is making up for 80% of your profits then switch that machine to a single head. So if only gumballs were selling, take out the double head, break it down, put one of the machines on a single stand and put it back. Now you have another machine to place somewhere else and you're still making top sales. Chances are as well that the 20% of people who bought Runts will be happy with a gumball.
Now, Let's say you start with Gumballs and Runts and both are selling like crazy! Now you can bring a rack into that location. You take the two machines on the double head and put them on the rack along with 2 more machines. Now you will be making even more money! As you see, it is the versatility that comes with the double head machines that makes all the difference! BUT I'M NOT DONE YET!
Marketing. We're in this business and paying 0$ for marketing, but we have candy! So we need to show off our candy. This is why the single and double head machines with round globes make sense. You can see the candy from all angles! Instead of only being able to see the candy from one direction like with my triple-head machines. Let's say a couple with some kids is sitting in a restaurant where you pay at the front and I have a triple-head machine. My machine is off to the side and when they go to pay the kids see it and get excited! "momma momma I want a quarter, me too, me too, gimmi!" Ok, great you say, and maybe it is. They are going to get some candy from my machine.
But, now imagine this. They are sitting at the table for nearly an hour while they are eating their dinners all the while staring at the candy in my double heads. They are smiling and talking about it with their parents. Hey have already dedicated talking their mom into getting candy and their mom agreed but only after they eat their meals. They finish their meals and run to the machines! They grab some Runts, run back and shove them in their mouths! Now, the parents are still sitting and chatting. The kids hit them up for a few more quarters. This time for Gumballs! Now they are sitting and chewing and having a blast. Then they go to pay. The bill comes to $34.50! Guess who's getting some new gumballs?!?! That's right! The machine marketed itself all through dinner and this was the outcome!
What do you guys think? I think this is a great idea. It has moved me from the triple-head to the double unless you all have ideas against it. I pay basically the same price for a double-head that I do for a triple. It seems like a crap deal at first sight, but look harder! What do you guys think?
Candyman 007
Rob
P.S. I would like to welcome all the new readers to the blog. I have been getting emails from people who read religiously but just never comment! I welcome you to comment. We all want to hear what you have to say. Start with a story, that always catches our attention. We have a veteran reading the blog who is starting his own candy business! He wants to have 100 machines to supplement his retirement. A great idea!
MOVING TO DOUBLE HEAD MACHINES:
It just makes sense to me. I've been talking with other vendors who are much larger than myself and they all use double head machines. Why, you ask? Well here is the explanation that one big vendor gave me in my own words.
You can start out with a double head machine. You put Runts and Gumballs in there. You leave it a month and if one product is making up for 80% of your profits then switch that machine to a single head. So if only gumballs were selling, take out the double head, break it down, put one of the machines on a single stand and put it back. Now you have another machine to place somewhere else and you're still making top sales. Chances are as well that the 20% of people who bought Runts will be happy with a gumball.
Now, Let's say you start with Gumballs and Runts and both are selling like crazy! Now you can bring a rack into that location. You take the two machines on the double head and put them on the rack along with 2 more machines. Now you will be making even more money! As you see, it is the versatility that comes with the double head machines that makes all the difference! BUT I'M NOT DONE YET!
Marketing. We're in this business and paying 0$ for marketing, but we have candy! So we need to show off our candy. This is why the single and double head machines with round globes make sense. You can see the candy from all angles! Instead of only being able to see the candy from one direction like with my triple-head machines. Let's say a couple with some kids is sitting in a restaurant where you pay at the front and I have a triple-head machine. My machine is off to the side and when they go to pay the kids see it and get excited! "momma momma I want a quarter, me too, me too, gimmi!" Ok, great you say, and maybe it is. They are going to get some candy from my machine.
But, now imagine this. They are sitting at the table for nearly an hour while they are eating their dinners all the while staring at the candy in my double heads. They are smiling and talking about it with their parents. Hey have already dedicated talking their mom into getting candy and their mom agreed but only after they eat their meals. They finish their meals and run to the machines! They grab some Runts, run back and shove them in their mouths! Now, the parents are still sitting and chatting. The kids hit them up for a few more quarters. This time for Gumballs! Now they are sitting and chewing and having a blast. Then they go to pay. The bill comes to $34.50! Guess who's getting some new gumballs?!?! That's right! The machine marketed itself all through dinner and this was the outcome!
What do you guys think? I think this is a great idea. It has moved me from the triple-head to the double unless you all have ideas against it. I pay basically the same price for a double-head that I do for a triple. It seems like a crap deal at first sight, but look harder! What do you guys think?
Candyman 007
Rob
P.S. I would like to welcome all the new readers to the blog. I have been getting emails from people who read religiously but just never comment! I welcome you to comment. We all want to hear what you have to say. Start with a story, that always catches our attention. We have a veteran reading the blog who is starting his own candy business! He wants to have 100 machines to supplement his retirement. A great idea!
Friday, July 13, 2007
I love picking up money 23/31 IN LOCATION
So, to start the day off I dropped off two machines at locations provided to me by a locator. One was at an Albertson's and another at a Cash advance place. Albertson's has me a bit excited. I'm the only guy in the break room and I think those M&M Peanuts will get eaten up. I also put Runts in that location because I think Runts are great. When I go pickup my next 10 machines I'm going to buy a ton of Runts. They are cheaper than skittles and I think they sell better. They are more appealing to me anyway. I pay $7.50 for a 5LB bag of runts, that's not bad at all, granted I have to pick them up. I haven't calculated the actual cost per vend but it's probably around 5 cents. Does anyone know of a local chain that sells runts in bulk? I can't seem to find runts anywhere.
Cash advance place, ehh, I'm not too excited. He gave me this location before I gave strict orders to find $20+ prime locations only. He wants the business, he likes working with me, and I know he wants your guys business too, so let's make him work his ass off right ; )
LOCATIONS, LOCATIONS, LOCATIONS... So, I have this new locator working for me. I know I'm busting his ass. And if I get crap locations I tell him I think they are crap and he's always working on getting me better ones. I have a warranty with him so if something goes wrong with a location he will replace them. Nice thing is, I can get this guy on the phone whenever I need to. Anyway, it's a good deal so far. IF, it all works out I'll hook you guys up with his information. Maybe I can get some special deals for you guys too. I don't mess around!
He just sent me 3 apartment building locations. I THINK THESE WILL KICK ASS. He said apartment's did great for other vendors in Florida, and I told him I want locations that do $20+ a month. He knows I'm not interested in crap locations. Anyway, I haven't dropped them off yet but I will on Monday.
Anyone have any experience in apartment buildings?
NOW THE MONEY:
I stopped at two locations today to check on machines. The first one was an Auto/Tire place. I took out the quarters and I was disappointed. It didn't look great and the machine had been on location for a month. Well, to my surprise I got $15.75 out of it. So... Not bad! And that doesn't count the dimes and pennies that were mixed in.
Next, I stopped at a rib joint! Guess what, $30.00 even! It has been there a month as well. Most of the gumballs were gone. M-M, remember the M-M Phenomenon!
Skittles and Reeses just don't do nearly as well as Gumballs and M&M Peanuts. I'm switching to Runts from now on.
23/31 MACHINES IN LOCATION
Candyman 007 - Rob
UPDATE: I forgot to mention that I went into this Car Wash place. Well they have this big UTURN but I wasn't going to let that stop me. Some lady put in a quarter and got so many M&M's that the started spilling on the floor. So I talk to the guy and he ends up telling me that he owns the machines. He was kind of a jerk but whatever.
Cash advance place, ehh, I'm not too excited. He gave me this location before I gave strict orders to find $20+ prime locations only. He wants the business, he likes working with me, and I know he wants your guys business too, so let's make him work his ass off right ; )
LOCATIONS, LOCATIONS, LOCATIONS... So, I have this new locator working for me. I know I'm busting his ass. And if I get crap locations I tell him I think they are crap and he's always working on getting me better ones. I have a warranty with him so if something goes wrong with a location he will replace them. Nice thing is, I can get this guy on the phone whenever I need to. Anyway, it's a good deal so far. IF, it all works out I'll hook you guys up with his information. Maybe I can get some special deals for you guys too. I don't mess around!
He just sent me 3 apartment building locations. I THINK THESE WILL KICK ASS. He said apartment's did great for other vendors in Florida, and I told him I want locations that do $20+ a month. He knows I'm not interested in crap locations. Anyway, I haven't dropped them off yet but I will on Monday.
Anyone have any experience in apartment buildings?
NOW THE MONEY:
I stopped at two locations today to check on machines. The first one was an Auto/Tire place. I took out the quarters and I was disappointed. It didn't look great and the machine had been on location for a month. Well, to my surprise I got $15.75 out of it. So... Not bad! And that doesn't count the dimes and pennies that were mixed in.
Next, I stopped at a rib joint! Guess what, $30.00 even! It has been there a month as well. Most of the gumballs were gone. M-M, remember the M-M Phenomenon!
Skittles and Reeses just don't do nearly as well as Gumballs and M&M Peanuts. I'm switching to Runts from now on.
23/31 MACHINES IN LOCATION
Candyman 007 - Rob
UPDATE: I forgot to mention that I went into this Car Wash place. Well they have this big UTURN but I wasn't going to let that stop me. Some lady put in a quarter and got so many M&M's that the started spilling on the floor. So I talk to the guy and he ends up telling me that he owns the machines. He was kind of a jerk but whatever.
Wednesday, July 11, 2007
"Middle Money" Phenomenon AKA - M-M
I have a found a new trend and I have called it the M-M Phenomenon. Not M&M but M-M, for Middle Money. So what is Middle Money? And why is Middle Money so great? First let me tell you a little about middle money.
Middle Money is the most profitable money available. In fact a Harvard study (ok, my study) shows that Middle Money generates an outrageously generous 1600% profit margin! What is this magical "Middle Money" you ask?!
You will notice as you vend, especially in restaurants the abnormal presence of a lot more quarters in the middle compartment of a vending machine then any other! Why is this? People like the world in harmony, they like to be right in the middle, it makes them feel comfortable, and it makes me profitable! M-M is the big money, it's what we're all banking on in the vending industry. So let me tell you how to capitalize on it!
First, you can't have M-M if you have a two head machine! However, I do consider a one head machine to be Middle Money. If there is only one head it's got to be in the middle of some where right! So only buy 1 or 3 head machines. Now, how do you take the most advantage of M-M? GUMBALLS!
Put gumballs in the middle compartment of your candy machine or in the only compartment of your single head machine. You will see them disappear like crazy! Usually at a 5:1 ratio compared to other candies in your machine! Why gumballs? Well they cost 1.5 cents each at Costco and you can sell them for a quarter, so you make 1600% or more on your investment. Now you ask, won't gumballs sell just as well if they are in the first or last compartment? NO! The middle compartment sells the best so you put your cheapest product in there. Notice it is also a product that everyone loves!
You use other products such as M&M Peanuts and Runts to bring people to your machine, then you cash in with Middle Money! Cynthia, I noticed you posted on Guth's blog and I'm a little jealous since you have never posted here, so this entry is for you! Guess what product I want you to put in your singled-head machines!?
M-M is Trade Marked 2007 - Patterson Vending
21/31 MACHINES IN LOCATION
LOCATOR FOUND A KMART AND AN AUTO SHOP FOR ME TODAY! GOOD DEAL!
You will hear more about location services when I feel I can endorse someone. I promise you will get the best deals in town and the best locator!
Candyman CAN with M-M
Middle Money is the most profitable money available. In fact a Harvard study (ok, my study) shows that Middle Money generates an outrageously generous 1600% profit margin! What is this magical "Middle Money" you ask?!
You will notice as you vend, especially in restaurants the abnormal presence of a lot more quarters in the middle compartment of a vending machine then any other! Why is this? People like the world in harmony, they like to be right in the middle, it makes them feel comfortable, and it makes me profitable! M-M is the big money, it's what we're all banking on in the vending industry. So let me tell you how to capitalize on it!
First, you can't have M-M if you have a two head machine! However, I do consider a one head machine to be Middle Money. If there is only one head it's got to be in the middle of some where right! So only buy 1 or 3 head machines. Now, how do you take the most advantage of M-M? GUMBALLS!
Put gumballs in the middle compartment of your candy machine or in the only compartment of your single head machine. You will see them disappear like crazy! Usually at a 5:1 ratio compared to other candies in your machine! Why gumballs? Well they cost 1.5 cents each at Costco and you can sell them for a quarter, so you make 1600% or more on your investment. Now you ask, won't gumballs sell just as well if they are in the first or last compartment? NO! The middle compartment sells the best so you put your cheapest product in there. Notice it is also a product that everyone loves!
You use other products such as M&M Peanuts and Runts to bring people to your machine, then you cash in with Middle Money! Cynthia, I noticed you posted on Guth's blog and I'm a little jealous since you have never posted here, so this entry is for you! Guess what product I want you to put in your singled-head machines!?
M-M is Trade Marked 2007 - Patterson Vending
21/31 MACHINES IN LOCATION
LOCATOR FOUND A KMART AND AN AUTO SHOP FOR ME TODAY! GOOD DEAL!
You will hear more about location services when I feel I can endorse someone. I promise you will get the best deals in town and the best locator!
Candyman CAN with M-M
I Got G's
Yes, my $7,000 loan on prosper DID GET FUNDED! I don't have the $7,000 in hand yet but as soon as my bank account is verified it should be transferred over! How exciting is this?! So, now I need to come up with a plan on how to invest the money. Let me go over my current financial/candy situation.
I have 12 machines left and enough candy for 1 of them. I'm out of candy money, so thank god that this loan went through. The point is, I'm going to have to buy some candy with this money.
Candy for 11 machines X $30 = $330
Also, I want to buy new machines and have my current 12 machines located for me. Let's look at the 12 I have now first.
Locations for 12 machines X $35 (with a new locator, test run, special deal) = $420
Left over money for new machines, candy, and locations = $6250 - $70(fee that prosper takes from the $7000 loan.) = $6180
Now, with this money let's get as many machines out on the town as possible!
40 Machines X $95 = $3800
40 Machines Located X $35 = $1400
40 Machines Candy X $30 = $1200
Total = $6400 I think I can come up with the extra $220. So what do you guys think? The loan payment for prosper is about $240 per month for 3 years. I don't think this will be a problem. Who's excited?!!?
Also, I checked one of my machines yesterday at a restaurant. Now, granted this is a great location. And, I didn't count the quarters, I just looked. But there had to be AT LEAST $20 in quarters in that machine and I'm being very conservative with that number, it could be a lot more. Anyway, now you know my situation. Let me hear your remarks! What do you think?!
Candyman
UPDATE: Dropped off machines at KMART and AUTO PLACE, locator found.
I have 12 machines left and enough candy for 1 of them. I'm out of candy money, so thank god that this loan went through. The point is, I'm going to have to buy some candy with this money.
Candy for 11 machines X $30 = $330
Also, I want to buy new machines and have my current 12 machines located for me. Let's look at the 12 I have now first.
Locations for 12 machines X $35 (with a new locator, test run, special deal) = $420
Left over money for new machines, candy, and locations = $6250 - $70(fee that prosper takes from the $7000 loan.) = $6180
Now, with this money let's get as many machines out on the town as possible!
40 Machines X $95 = $3800
40 Machines Located X $35 = $1400
40 Machines Candy X $30 = $1200
Total = $6400 I think I can come up with the extra $220. So what do you guys think? The loan payment for prosper is about $240 per month for 3 years. I don't think this will be a problem. Who's excited?!!?
Also, I checked one of my machines yesterday at a restaurant. Now, granted this is a great location. And, I didn't count the quarters, I just looked. But there had to be AT LEAST $20 in quarters in that machine and I'm being very conservative with that number, it could be a lot more. Anyway, now you know my situation. Let me hear your remarks! What do you think?!
Candyman
UPDATE: Dropped off machines at KMART and AUTO PLACE, locator found.
Tuesday, July 10, 2007
Damn it's HOT
I put three machines together this morning and damn is it hot in Florida. It's got to be 100+ degrees along with 100% humidity.
I'm going to try and put the rest together this afternoon after lunch. It's sweltering down here. I applied for college loans today. Does anyone know anything about these? They only want to give me $22,000 which is what tuition costs for a year at the school I'm going to... I would like room/board loan money too. Any idea if this can be done?
Check out Kyle's page. He has a new post about claw machines.
Rob
I'm going to try and put the rest together this afternoon after lunch. It's sweltering down here. I applied for college loans today. Does anyone know anything about these? They only want to give me $22,000 which is what tuition costs for a year at the school I'm going to... I would like room/board loan money too. Any idea if this can be done?
Check out Kyle's page. He has a new post about claw machines.
Rob
Monday, July 9, 2007
Sorry, Sorry
Sorry for the lack of updates and responses. I've just been thinking a lot. Ok, I don't think my prosper loan is going to get funded this time but I have a new plan of attack for my next loan and I'm pretty sure it will get funded. I'm going to ask for a little less money and give a little better interest rate. In the end it will all work out to the same. I have plans.
Kyle, the crane thing sounds fun. The only place I can think that one may be successful is a pizza parlor that I am currently in. I don't know if he has enough room though, I'll have to see. Also, what is one of those things going to set me back, including prizes.
Ken what does your new location look like? Is there room for another machine?
Ryan, get back in the US so you can start your business!
So, what did I do today. I drove to Miami and picked up 10 more machines and I dropped off a machine at the bank. So now I have 11 machines to place. I called this locating company that I've been talking to and told him to get on it. I should have 5 locations by the end of the week. If I don't I'm moving to a new locator that is giving me another INCREDIBLE deal and he has been around quite a bit longer. Remind me on Friday that if I don't have new locations I'm pissed off.
Tomorrow will probably consist of building machines. I am also going to work on a new prosper loan to get funded. I'll let you guys know what is happening. To be honest I'm so excited about prosper that I've gotten side tracked. There is so much potential there and I want to explore it. I'm going to explore it on the side. If any of you have some cash and want go start lending on prosper with me let me know.
I went to a restaurant that I had a machine in the other night. It is exciting seeing your machine and putting a quarter into it. It looked like it had been used too. Let's hope. I still haven't checked any machines for quarters yet!
19/31 MACHINES ON LOCATION
AND A LOT MORE TO COME
Candyman
Kyle, the crane thing sounds fun. The only place I can think that one may be successful is a pizza parlor that I am currently in. I don't know if he has enough room though, I'll have to see. Also, what is one of those things going to set me back, including prizes.
Ken what does your new location look like? Is there room for another machine?
Ryan, get back in the US so you can start your business!
So, what did I do today. I drove to Miami and picked up 10 more machines and I dropped off a machine at the bank. So now I have 11 machines to place. I called this locating company that I've been talking to and told him to get on it. I should have 5 locations by the end of the week. If I don't I'm moving to a new locator that is giving me another INCREDIBLE deal and he has been around quite a bit longer. Remind me on Friday that if I don't have new locations I'm pissed off.
Tomorrow will probably consist of building machines. I am also going to work on a new prosper loan to get funded. I'll let you guys know what is happening. To be honest I'm so excited about prosper that I've gotten side tracked. There is so much potential there and I want to explore it. I'm going to explore it on the side. If any of you have some cash and want go start lending on prosper with me let me know.
I went to a restaurant that I had a machine in the other night. It is exciting seeing your machine and putting a quarter into it. It looked like it had been used too. Let's hope. I still haven't checked any machines for quarters yet!
19/31 MACHINES ON LOCATION
AND A LOT MORE TO COME
Candyman
Friday, July 6, 2007
prosperity, prosper, propagate
Ok, so I'll just tell you guys. I'm on this new site call prosper.com I wasn't sure if I was allowed to share my identity with the lenders but I checked and I am! So anyway, YOU WILL SEE THIS BIG BUTTON ON THE LEFT HAND SIDE OF THE PAGE! You can lend me a minimum of $50 and up to $7,000. It is going to expand my candy business.
I'm so excited about this. This has got to be the coolest concept I have ever seen. This may make waves in the lending industry. I think this site is going to be huge and mutual fund managers all over will be buying up individuals debt on this site!
Here's how it works. I'm offering 15% annual interest and you can lend me any amount from $50 to $7000. I'm asking for $7000 total but it will be given from a bunch of different people. It is all automated, this site is awesome. Just check it, and look, and give me your opinions! I want you investing in me! I just put the listing up today, it's a 5 day listing, and I already have two $50 bids.
You ask, what happens once all $7000 is accumulated? Well if people still keep bidding then my interest rate will come down. So if there are $8000 worth of bids and I only want $7000 then my interest may drop down to 14% or whatever number is calculated. Anyway, check it out. Let me know if you invest. This is really cool for you guys because you will be able to see how your investment is going day by day! And what's $50! I know you believe in me!
Candyman CAN!
I'm so excited about this. This has got to be the coolest concept I have ever seen. This may make waves in the lending industry. I think this site is going to be huge and mutual fund managers all over will be buying up individuals debt on this site!
Here's how it works. I'm offering 15% annual interest and you can lend me any amount from $50 to $7000. I'm asking for $7000 total but it will be given from a bunch of different people. It is all automated, this site is awesome. Just check it, and look, and give me your opinions! I want you investing in me! I just put the listing up today, it's a 5 day listing, and I already have two $50 bids.
You ask, what happens once all $7000 is accumulated? Well if people still keep bidding then my interest rate will come down. So if there are $8000 worth of bids and I only want $7000 then my interest may drop down to 14% or whatever number is calculated. Anyway, check it out. Let me know if you invest. This is really cool for you guys because you will be able to see how your investment is going day by day! And what's $50! I know you believe in me!
Candyman CAN!
Thursday, July 5, 2007
the new, the sexy, the crazy
So I wrote something really cool and then I decided against it. I'll let you know about it later once it goes through. Just 1 week!
Candyman
UPDATE: I'll say this. You can now own a part of my vending company! You can invest in me. Send me an email to robertnpatterson@gmail.com if you want me to tell you about it. It's so cool.
Candyman
UPDATE: I'll say this. You can now own a part of my vending company! You can invest in me. Send me an email to robertnpatterson@gmail.com if you want me to tell you about it. It's so cool.
Tuesday, July 3, 2007
the route of 30 dwindles
The guy sent me a list of his 30 locations and let me tell you, I don't think he has ever serviced them. Out of 8, 2 machines are on location still. Amazing right. I'll just make him an offer on his still good machines and the 8 in his garage once I'm finished checking them all.
So the good that came out of it was I found a bank that he had once had one in and now I'm getting in there! Someone had actually already replaced him but the M&M Peanuts were out and that is what sold the girls in the back. It had only been there since February so they obviously eat a lot of them. I told them I would keep it full and I told them they could pick the candy they wanted. So they want M&M Peanuts, Reeses, and Runts; no problem. I'm placing the machine on Friday. I'll go to the rest of this guys locations and try and put my machines in since his will most likely be gone by now. So in two locations today, the bank that I'm putting my machine in and this other furniture store had the same guys machines in them. Both with M&M Peanuts missing. I will have to go back to the furniture store and offer to put in my own machine but anyway.
I called the guy. I had actually called him last week but I didn't know it was the same guy. I talked to him today though and he has 300 machines around town. They are all 1800-vend machines. Can you believe it? He paid $230 + $40 for locations for 135 of them initially and then bought another 150 for $75 used and had them located as well. Nice guy though. So now we have a machine at the same bank. I don't think he will care. He must have some money.
So, I guess it was a good day. I'm going to have to buy more machines pretty quick. I'm basically out. I have 1 of mine left after the bank machine is placed and then one machine that I need to replace the locks on. DAMN, WHERE IS MY LOCATOR! The guy who had his 1800vend machines located gave me the name of the guy who located his machines for him in case I want to use him. That was nice.
Candyman
UPDATE: I figured out that the more google adwords I add around my site the more related content I get. Meaning there should be some new sites you havn't seen before. Anyway, I think it's cool. Rob
So the good that came out of it was I found a bank that he had once had one in and now I'm getting in there! Someone had actually already replaced him but the M&M Peanuts were out and that is what sold the girls in the back. It had only been there since February so they obviously eat a lot of them. I told them I would keep it full and I told them they could pick the candy they wanted. So they want M&M Peanuts, Reeses, and Runts; no problem. I'm placing the machine on Friday. I'll go to the rest of this guys locations and try and put my machines in since his will most likely be gone by now. So in two locations today, the bank that I'm putting my machine in and this other furniture store had the same guys machines in them. Both with M&M Peanuts missing. I will have to go back to the furniture store and offer to put in my own machine but anyway.
I called the guy. I had actually called him last week but I didn't know it was the same guy. I talked to him today though and he has 300 machines around town. They are all 1800-vend machines. Can you believe it? He paid $230 + $40 for locations for 135 of them initially and then bought another 150 for $75 used and had them located as well. Nice guy though. So now we have a machine at the same bank. I don't think he will care. He must have some money.
So, I guess it was a good day. I'm going to have to buy more machines pretty quick. I'm basically out. I have 1 of mine left after the bank machine is placed and then one machine that I need to replace the locks on. DAMN, WHERE IS MY LOCATOR! The guy who had his 1800vend machines located gave me the name of the guy who located his machines for him in case I want to use him. That was nice.
Candyman
UPDATE: I figured out that the more google adwords I add around my site the more related content I get. Meaning there should be some new sites you havn't seen before. Anyway, I think it's cool. Rob
Monday, July 2, 2007
back on the town
To start the day I had a meeting with the guy who has 30 machines in town. I'll shorten this story up real quick:
The guy paid $12,000 for 40 machines and had 30 of them located. He has 8 in his garage. I have a feeling he hasn't checked the machines for 6 months, maybe more. Want to hear the funny part. You know the guys machine that I took because it was empty and then ended up bringing back.. That was his, haha. So who knows how many machines are actually out on the town and operational still. He wanted $4,000 for all 38 machines, but I know this is going to go way down. There may be 20 salvageable locations from the 30 he has out there now.
He's going to email me a full list of his locations and I'm going to have to go out by myself and look at the machines. I know he doesn't even want to bother with them anymore, he's over it. I'm sure he looks at this as an all cash deal for him. After I get the list does anyone have an idea about how I approach the businesses that have the machines? I know he has some break room locations that I will have to ask to go into.
Besides that I went to some other places today and got 1 more location. It is a franchise and I have one in the location in my county and I got one in the county over. I also have 3 good leads I think. Hopefully those will pan out. I only have 2 more of my own machines and then the 1 that I found. After that I'm either going to have to buy this guys route or buy some more in Miami. But damn it would be nice not to have to locate anymore.
Rob
18/20 MACHINES LOCATED
OH, I found gumballs at Costco for 1.5 cents each. What a profit margin! My dad has a Costco card so I'm getting my M&M Peanuts there for now on. They don't have skittles or Reese's though. I went to the doctor today and tried to get a candy machine in there, he said it didn't really go with the lifestyle they were promoting. But, I'm going back in a week and I want to present him with a health conscious alternative. Any ideas besides sugar-free gum?
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