Views:1 Author:Site Editor Publish Time: 2021-08-26 Origin:Site
What model of entrepreneurship should I select in the vending machine industry first time in order to reduce the chance of trial and failure? For first-time practitioners, trial and error is inevitable without a good business or senior management. How can we decrease the chances of trial and error and be able to adapt to market changes more quickly? Don’t worry. First, let’s look at several types of vending machine business models:
1. Agent joining
Some vending machines require agents to join and pay the joining fee or deposit before putting them in after they have received the machine. The profit sharing agreement is signed by both parties.
2. 2. Direct purchase
The vending machines of some manufacturers are directly sold to the customers, and they can operate their machines independently. The manufacturer is responsible for the testing, maintenance and after-sales service of the machines and the profit goes to the owner;
3. Leasing cooperation
Certain vending machine makers only rent their machines. They can be used by customers, who are accountable in operating them and any losses or profits.
4. Free delivery
The business model used in this type of business is usually offered by the client. Both the vending machine manufacturer and the client are responsible for the operation and delivery. The profits are determined by negotiation between the parties.
Comparing these four modes when comparing these four options, it is recommended to select the free delivery option for people who are just beginning their careers. The free delivery mode is completely free for joining and also it is free to launch a business. It is a great option for partners with ideas regarding the business and plan for the direction of the future, but aren’t wealthy or have a high risk tolerance.
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