Vending Machine Franchise Operator: FAQ

1. Why is What If I Win Products a good investment?

     What If I Win Products is a good investment because it's an inexpensive investment, it requires
     minimal management, has unlimited earnings potential, it's one of a kind product, its proprietary, it
     fulfills the outlet of expression, the passion for lottery play and the everyday gift needs of lottery
     enthusiast the world over.     

2. What makes What If I Win Products vending delivery system the best?

     Our partnership with Industry Leading Vending Manufacturers allows What If I Win Products to
     offer customers the highest standard of vending machine quality, design, technology and the best
     vending experience available, including life time warranties and 24/7 assistance and availability for
     maintenance and repairs. 

3. Why must What If I Win Products operators lease/purchase vending equipment through What If I        Win Products? 

      First, What If I Win Products vending machine equipment is branded for purposes of      
      promotion and building brand identiity.

      Next, What If I Win Products purchases/sublets vending equipment under a quantity agreement in
      order to decrease the price the equipment would otherwise cost an independent vending machine
​      operator.  In addition, the quantity purchase agreement enables What If I Win Products to
      negotiate better terms on vending equipment maintenance and repairs for its operators.

  4. Why must What If I Win vending machine operators purchase supplies directly from What If I Win        Products?

       What If I Win Products are proprietary products created and designed by What If I Win Products
       and cannot be reproduced or sold by any other business or organization without the legal
       authorization and consent of What If I Win Products. 

5.  How much product can a What If I Win Products vending machine hold?

       Dependent upon the type of product, WIIW PRODUCTS Vending machines are capable of holding
       upwards of 450 units of  greeting card, postcard, and  bumper sticker products.  Other products,
       such as WIIW PRODUCTS playing cards require more space and thus the vending machine holds
       less of this product type.

6.  Who finds the locations for What If I Win Products vending machines?

      The placement or the recommendations for placement of What If I Win Products vending    
      machines can come from any number of parties interested in What If I Win Products, however, a
      What If I Win Products vending machine cannot be placed without the authorization and
      agreement between both What If I Win Products, the vending machine operator and the State
      lottery vendor.
   
7. What are the start-up and recurring costs associated with becoming a What If I Win vending
      machine operator?

     First, What If I Win vending machine operators are not employees of What If I Win Products and
     must sign a 1099 tax form to be included in with their initial agreement.
 
     What If I Win vending machine operators are responsible for the upkeep and management of the    
     What If I Win vending machine per their agreement with What If I Win Products and the lottery
     retailer at the assigned location.
 
    Start-up costs include:
    *Vending machine purchase/sublet lease – Estimated on a year lease of $40,000 Greeting card vending machine: $835 per month @ required initial 6 month
    advance = $4998
    *What If I Win Products/Shipping – Estimated: 10,000 pieces x .75 = $7500. 
    Hence, the projected start-up cost to become a What If I Win vending machine operator is
    estimated at $12,498
 
    Recurring costs include:
    *Vending machine sublet lease – Estimated: post 6 month period - $835
    per month
   *What If I Win Products – Re-Stock
   *State sales tax (Ex. FL  7%)
   *State Lottery Venter Placement Fee on average about 2% gross sales per month
 
    Projected Monthly Earnings:
    Based on greeting card product sales of 10,000 cards per month (average 29 sales per day) @
    $2.00  =  $20,000 month.
    Minus costs:
    -Vending lease cost monthly = $835
    -Greeting card product cost per card @ .75 x 10000 = $750
    -State sales tax @ Ex. FL 7% x 1500 = $105
    -Vending machine location fee @ 2% x 1500 = $30
    -Total costs = $1720
    -Total costs minus - earnings:
     $20,000 gross sales
     $1720
     $18.280 Total Net Monthly Earnings x 12 = $219,360
 
   *It should be noted that earnings reflect average monthly sales and can be attributed to a number of     varying factors to include: location, product costs etc.

   
8. Who determines which What If I Win vending machine operator I should purchase?

    Ultimately, the customer and specific product demand determines which products are selling which
    should assist the vending machine operator with selecting product that sells.  As your partner, What
    If I Win Products will work with you to provide the most up to date and reliable vending sales data
    necessary in order for your vending location to be stocked with product that moves and generates
    revenue. 

9. As a What If I Win vending operator, how frequently must I monitor my vending machines?

    In brief, you should monitor your vending machine at least once per day however and What If I Win
    vending manufactures make this easy as our vending machines are equipped with Remote Machine
    Monitoring (RMM).  Remote machine monitoring allows the operator to monitor and manage
    vending sales and inventory direct from a PC or laptop device 24/7. 

    Remote management monitoring provides you with total oversight and control of your vending site       locations without having to physically be present and you're able to; access information on total
    sales, net profits, the number and types of products sold, as well as in what form of currency the sale
    was conducted such as, debit, credit (if selected for use additional fees might apply), cash, coin and
    so forth. 

    Of course, as product inventory is sold it's important that you re-order your fastest selling products
    well in advance of product stocks running low.

 10.  Does What If I Products provide training on its products and What If I Win vending machine
          equipment?

    What If I Win Products does provide virtual training about our products and on the use of What If I
    Win vending machines.  Rest assured that we're your partner and that we understand our success is
    highly dependent upon your knowledge about our products and services as a What If I Win
   Products operator.
     
11. Do I have to pay What If I Win Products on-going licensing, royalty, trade mark fees etc.,?

        No, however, each What If I Win vending machine operator by contracted agreement can only
        purchase and sell What If I Win Products in What If I Win vending machines.
 
        All What If I Win Products must be purchased through What If I Win Products and no additional             fees will apply.

12. Are What If I Win vending machine operators employees of What If I Win Products?

        No, What If I Win vending machine operators are Independent contractors (1099) and are
        therefore not employees of What If I Win Products and therefore What If I Win Products is not
        responsible for What If I Win vending operators taxes.

13.  Will I need transportation for this business opportunity?

​        Transportation is not a requirement for this business opportunity as long as you're able to get to
        your vending location(s) and maintain the inventory.  Of course, having transportation is a plus
        and can make the delivery of products to your vendor location(s) easier but it's not required.  One
        important suggestion is that as much product as possible should be stored on site within the
       vending machine or in a secure place at the vendor location.

14.  How long does it take to service a What If I Win Products vending machine?

        The product restock time is usually not more than 20 minutes unless you're adding new products
        and need to program the vending machine.

15. How are customers able to determine their selection of greeting card?

       Each What If I Win Products vending machine is affixed with a clearly visible LCD screen which
       allows the customer to view a pre-programmed image of their product selection prior to
       purchase.  Each What If I Win product is dispensed to the customer and comes wrapped in a
       prepackaged card sleeve to protect the product. 

16.  Will I need to hire employees?

        No.  Employees on a part-time basis might become a consideration as you increase your vending
        site locations and grow your business, however is not necessary.

17.  Who collects the money from my vending machine?

        The What If I Win vending machine operator collects the money from the vending machine and is           responsible for maintaining product inventory and managing the What If I Win vending machine.

18.  What if I receive products which are damaged?

        Immediately report any damaged products you receive in an order to What If I Win Products by               calling our service line at (850) 251-2567 

19. Is there a minimum number of What If I Win Products vending machines I must start with?

       No.  Of course, each What If I Win Products operator has his/her own budget and startup goals
       just keep in mind that the more vending machine site locations you operate the greater your
       return.
  
20.  Are there any territory restrictions to setting up vending locations?

        At the present time What If I Win Products has no territory restrictions.  As a What If I Win
        vending operator you are encouraged to identify and negotiate for as many vending site locations
        as possible.



21.  Are there any tax advantages to opening a vending business?

        Yes, there are tax advantages as a What If I Win vending operator! Please visit Section 179 of the
        United States Internal Revenue Code; during 2016 (as a purchaser of new vending equipment)
        you may be qualified to receive a tax deduction for the entire amount of your initial capital
        investment up to $500,000!   Also, as an investor you are permitted tax deductions for expenses
        incurred in generating and collecting revenues and in operating and servicing your equipment.
       Please consult with your tax advisor in order to take advantage of tax deductions and depreciation
       as you start and operate your new vending business.


22. Are there any guarantees?

       Yes.  What If I Win Products guarantees that we will provide you with continuing support and
       training as needed.  Additionally, should you every feel uncertain about your position in this
       industry What If I Win Products guarantees that we'll assist with identifying a suitable What If I
       Win Products candidate to take over your site location or we will take over your purchase/lease
       and make a payout to you on any purchased product.

23. What if some What If I Win Products don’t?
        It is of course our belief that all What If I Win Products will sell.  However, as with any product line
        there are certain products that sell at a higher frequency than others and in this instance we
        encourage that you offer those products at a discounted price to your customers. 

24.  How do I get started?

        Forward us an email at wiiwproducts@live.com stating you're interested in our What If I Win
        Products operator business opportunity and we'll reply back with a list of the next steps. 
 
                                                                Thanks for your interest in What If I Win Products!