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THE SEVEN DEADLY SINS OF VENDING
and How We Can
Help...< |
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Poor Quality Equipment |
Selling badly designed vending equipment
that is easily broken or vandalized will get a promoter into trouble.
The FTC regulates vending
aggressively.
Complaints can lead to stiff fines, or being forced
out of business completely. |
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Boring Product Offerings |
Vending machines without novelty or excitement are a losing proposition.
You need exclusivity to succeed,
and to survive.
Stay away from manufacturers who sell the same
machines to your competitors, or advertise equipment on the Internet. |
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Slipshod Shipping |
Promoters who don't deliver can face lost
sales and stiff fines by the FTC.
Reliable shipping is essential to
success. Damage in shipping can be disastrous, with frustrated
buyers, insurance claims, and replacement issues. |
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Lack of Customer Support |
The equipment
manufacturer is your source for customer satisfaction.
Good manufacturers take care of
your customers. When a manufacturer doesn't design equipment to be
service friendly, or provide good service manuals or responsive customer
care, then you don't have the support system you need for your buyers. |
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Disobeying the Laws |
Laws that govern vending are
constantly evolving.
Not following FTC laws can put a promoter out of business. Overlooking
registration requirements and Right of Recision Laws are common
mistakes. |
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Unscrupulous Buyers |
Are you aware of possible devious
behavior by your buyers?
Protect
yourself from buyers who plot to obtain equipment without paying your fees.
They pose insurance or tax requests to extract pricing information, attempt
to buy or sell used equipment, or try to buy direct from manufacturers. |
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Treacherous Manufacturers,
Locators, former Employees |
Betrayal by members of your business team
is often a harsh reality.
Your business is vulnerable to
various unsavory business schemes. Manufacturers may disguise
themselves to sell business opportunities under a different name. Locators
can try to sell business opportunities on the side at reduced prices.
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