How to expand your Spirit Box Business: In your school and into your community
How to expand your Spirit Box Business:
In your school and into your community
Micro-Market
As you start out with Spirit Box, you probably have one machine that houses a variety of products like spirit-wear, snacks, and electronics. What if you separated them out and had a machine for each type of item you sell? With each machine your school purchases, there is a $2,000 discount.
This machine holds cold beverages. Selling beverages within your school will produce a very large profit margin. If you buy a case of water from Sams Club that costs 7 cents a bottle and you sell the water for $1-2, you are pocketing most of the profit.
Snack Machine
We have seen across the country that snacks sell the most consistently with a very large profit margin. Many schools have health restrictions, but the snack machines actually have restricted timeframes where items can’t be purchased during the school day.
Traditional Spirit Box
This is where you can hold spirit-wear, convenience items like deodorant or toothbrush set, electronics, school supplies, and other non-traditional items.
Vending Takeover
What would it look like if you grew your Spirit Box business from one machine to multiple machines to place around the school? On top of that, what would it look like if you became the only vending machine company in the school? Knock out your competition!
All of the vending revenue goes to your Spirit Box Teams and your school.
A hands on learning experience that provides real world skills to high school students.
No contracts from other vending companies restricting what you can put in your vending machine. This will lead your business to be more successful and bring more revenue in.
If one vending machine is bringing in $300 a week (on average), what if you had 5 machines strategically sprinkled around the school selling a variety of products such as cold drinks and snacks? Do the math! That adds up quick and comes out to over $1,500 a week, $6,000 a month, and $72,000 a YEAR! Now, that is being incredibly modest as many of our schools are bringing in over $100 a day.
Want to be the primary or exclusive vendor at your school? Read the contract for the current vending company. Then schedule a meeting with your administration and compete for the exclusive vending contract. Place a competing bid that they can’t refuse!
Adapting with virtual schooling
Virtual schooling is becoming a more normal part of our lives. This doesn’t mean students can’t learn from real world experiences. So if you aren’t able to learn from your school store or your Spirit Box in the four walls of your school...why not take it outside of your school?
Expanding into the community
Why keep your business only in the four walls of your school? If students are at home schooling it’s time to reassess how to run your Spirit Box business.
It’s time to get creative. What if you moved your Spirit Box out of your school into a business that gets more traffic than your school? Businesses love supporting aspiring entrepreneurs (especially within their own communities). Many businesses house vending machines within their brick and mortars. Consider competing for the vending contract within their business.
Think outside the box: Partnering with businesses
Let’s dream big here. What if you not only partnered with one business but if you partnered with multiple businesses? Your high school business program could create a vending empire within your own community!
Hotels
Shopping Malls
Car dealerships
Corporate offices
Other local high schools in your community (partner with their business program)
Get creative
In business it is necessary to be creative and flexible. You never know what will happen in the world, the economy, or within your community. Always be prepared to pivot within your business. Ready to expand?
Market Research: Does it make sense to expand?
Calculating your Startup Costs: How much will it cost to expand?
Business Planning: Edit your business plan
Funding your business: Create a plan for how you will fund this expansion
Never be complacent in business either. Always be looking ahead to consider how you can grow your business.