U-turn Blog
November 2010 >
Not just a quarter!!!
Not just a quarter!!!
It only ways about 6 grams, and is just 24 millimeters in diameter, its 90% silver and 10% copper. We've been using it in this country since 1796- The U.S. quarter. But did you know that the quarters that go into vending machines add up to billions of dollars each year in the US?
If you are thinking that someone couldn't make too much money owning vending machines, because their customers are only spending a quarter- think again!
Every business is beholden to one rule to determine success- roi. Return on Investment. The investment to purchase vending machines and products is so minimal compared to other businesses, allowing those quarters to cover your costs pretty darn quick.
This is an all cash business. Meaning there are no credit cards to run, to bouncing checks to deal with. The machines are all mechanical, so there are no electrical bills to pay, or circuit boards to figure out and repair. The machines are working while you don't have to. Those quarters are being collected while you are at the beach, on a family vacation, or at your current job.
So the next time you reach into your pocket and feel a few quarters in their kicken around, let it remind you of the quarters adding up in your vending machines.
Posted:
11/4/2010 8:53:26 AM by
Amy Anderson | with
0 comments
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