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Old 10-11-2009, 10:16 PM  
After Shock Media
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Join Date: Mar 2001
Location: "Ph'nglui mglw'nafh Cthulhu R'lyeh wgah'nagl fhtagn".
Posts: 35,299
I bit the insanity bullet. Now in the vending business.

First off no I did not buy some franchise BS, nor some get rich quick online/offline scam. Just sort of lucked onto someone who had started such a business whom he purchased the machines from a "franchise schmuck" who did nothing with them. This guy got started in March, busting his ass since he was in the banking/mortgage business but got laid off. Anyways he got a new job, one that was pretty damn strict about not allowing people to run outside businesses.

Anyways the PL reports looked OK. Some of his costs could be cut still. Most importantly was that 26 out of his 29 machines are already placed and been in place since March to May. After asking about after May, it turns out and is easy to see that is when his wife took ill and it just sapped his will to expand. So he monitored the machines very well, just did not try to place more.

Wife will handle the cold calls, service of them, etc. I just will play bookkeeper and keeping eye on lowering costs, etc. She is also one hell of a salesperson anyways, plus knows a ton of business owners thanks to her previous ownership of a landscaping company.

Share time over. Anyone else deal with this sort of thing? Comments, issues you had, that sort of thing?

Oh not expecting this to make us rich. Just eventually another good passive income source, assuming she tires of selling.
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