Making a career change can be daunting and scary. But when you decide to make a career change with a vending machine franchise, there are many advantages that will make your journey much easier. Here’s what you need to make a career change with a vending machine franchise.
Running a vending machine franchise is one of the best ways to enjoy this profitable sector. As many vending machine businesses are turnkey operations, you’ll be able to start trading quickly without the hassle of a lengthy set-up process.
But when it comes to making a career change, there are a few key things you’ll need to do before you get started. If it all seems a bit overwhelming, don’t worry. Keep reading to find out how to make a career change with a vending machine franchise.
Why make a career change with a vending machine franchise?
Lots of businesses have been hit hard by the pandemic, but as a vending machine franchisee, you’ll be able to skirt around many of the traditional challenges that come with starting your own business. Among the advantages of running a vending machine business, you’ll enjoy:
- An easy way of earning profit
- A turnkey operation
- Support whenever you need it
- Pre-existing customer and client demand
- A trusted brand reputation
On top of all of this, demand for vending machines makes your business a lot more secure than many other types of companies. In an average year, British consumers spend around £1.5 billion on vending machines, so you can look to the future with optimism.
How to make a career change with a vending machine franchise
1. Choose the right franchise
The first step towards making a rewarding career change is to choose which franchise is the right option for you. There are many vending machine franchises that you may want to work with, but not all will be a suitable option. When it comes to assessing your options, you may want to ask yourself the following questions:
- What are the financing options for running this franchise?
- What kinds of training and support are on offer?
- How many units will you be expected to run?
- How will the franchise support you prior to launching?
Once you’ve asked these questions, as well as some of your own, you will be in a better position to decide which franchises are likely to be a good fit for you.
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2. Location, location, location
At the heart of every successful vending machine business is what the vending machines will be selling, and where the machines will be located. Where you place your machines can make all the difference in terms of your franchise’s profitability. Not only will you need to be selling the right products to the right customers, you’ll need to be in the right location too.
The final say on this will really depend on your franchise. Depending on what franchise you choose to work with, you can expect your franchisor to have a number of pre-existing plans and strategies to help get your vending machine up and running quickly.
There’s no reason why your franchise can’t be mobile either. With vending machine businesses being so easy to run, you may even be able to operate your franchise business in a mobile or van-based way.
Van-based franchises are becoming increasingly popular as businesses look to get around some of the costs of fixed-location renting. Not only does this allow some franchises to operate more independently and with fewer staffing commitments, you’ll also be able to move your business to exactly where your main customers are. If you’re willing to stay mobile, you may be able to move interchangeably between:
- University campuses
- Circuses and village fetes
- Sporting venues
4. Produce a marketing strategy
When it comes to marketing or advertising your business, you may want to adopt certain different strategies. Depending on whether or not you’re looking to market your business towards a B2B or B2C audience, you may find that some strategies work much better than others when it comes to engaging your desired demographics.
Thankfully, your franchisor will be on hand to help you devise the right approach. It’s even possible that your franchisor will have a pre-existing marketing strategy designed specifically to help you launch your business. You probably aren’t the first new franchisee the business has ever had, and you won’t be the last, so make sure you ask for as much marketing support as possible.
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Become a vending machine franchisee today
If you’re interested in running a high-profit, low-cost business, vending machine franchises are a great option. In turbulent times, you will be safe in the knowledge that your business will be fully capable of running around the clock with minimal maintenance, meaning you can expect to generate good profits quickly.
If you’re interested in running a franchise, there are a number of good opportunities that are thriving in the post-pandemic world, but if you’d like to explore a full range of opportunities for yourself, you can have a look at the UK franchise directory. There you’ll be able to filter through the right opportunities for you based on your own needs and requirements.
Elliott Fudge, Point Franchise ©