Are you thinking of starting your own vending machine business? If you are considering a vending machine business, you might have heard stories of how you can make incredible amounts of money with very little work involved. And it makes sense when you think about how many people use a vending machine each day and how much money must go into the machines. However, if you are considering starting a vending machine business, you need to be cautious of common vending machine scams.
Unfortunately there are actually many different scams out there, particularly in relation to a vending machine business. A quick search of the internet will show you many different companies and sites offering to help you start your own vending machine company and get rich quick.
Check your facts
One of the best things you can do if you are considering investing in any business such as a vending machine business is to check your facts. If there is a company you are considering buying from or investing in, check them out with the Better Business Bureau.
There are legitimate vending machine companies out there and investment opportunities for people just like you. However, there are probably even more that are not legitimate. You should be cautious of anyone who contacts you by “cold-calling” or from emails, mail, etc. Some ads make it seem as if they are offering you a job when in fact, they are just selling you the equipment. If you then purchase the machines, you assume all responsibility for them. What you do with them and if you make money from them at all is totally up to you.
Look out for obvious scams
Sadly, if it seems too good to be true, then it probably is. Be on the lookout for “business opportunities” that promise you will make large amounts of money in little time and with little effort. There are some that claim to make $25,000 a day and that they will show you how as well when in fact, their money is likely coming from scamming people just like you who buy into the entire scenario.
Be cautious of anyone who makes big promises, is vague and won’t answer your questions or that pressures you to give them money to find out more. They may try to get you to give money up front to prove that you “are serious about the opportunity” and other tricks.
I’ve been seeing classified ads for vending machine businesses and collection routes for well over 25 years now, and I’d say that most of the offers sounded like outright scams (going by your guidelines). Thanks for the advice; hopefully you’ll save a lot of people from throwing away their hard-earned money.