Boomers considering part-time “bizopps” should beware… of RedBull
Sean Kelly over at Franchise Pick suggested that you might be interested in what he found out about a new “business opportunity” - RedBull vending machines. It sounds like a great opportunity for a baby boomer who is retired or semi-retired, and who has time to install/maintain/fill vending machines. While these kinds of businesses are not strictly franchises, they do have some of the same characteristics.
Like other such “opportunities,” though, this one has a huge problem. Apparently, RedBull is sold exclusively to distributors. So a company called CCA sold RedBull vending machines to people who didn’t know they weren’t going to get any of the popular drink to put in them, because the distributors had exclusive rights to sell RedBull. Read more about the whole horrible dilemma at Franchise Pick.
Lessons Learned:
- Research the business carefully, including the competition.
- Talk to others who have bought into this concept, to find out what their experiences have been.
- Search the web for information, including BizOpNews and Unhappy Franchisee.
- and of course, check out Franchise Pick for the most recent information. If you don’t see the company listed, send Sean an email and ask. I’ll bet he knows something.
(I know this photo isn’t the right Red Bull, but why should I give them more publicity?)
Tags: baby boomers, bizops, business opportunities, franchises, part-time income, Red BullRelated Stories
POSTED IN: Boomer Businesses in Difficult Financial Times, Boomers nearing retirement, Businesses for Boomers, Franchise opportunities for Boomers
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