What is for sale? 1 DVDNow DVD Rental Kiosk.
How can I pick it up? Free local pick-up
How can I pay? Certified Check or Money Order only, or Paypal
What ongoing expenses should you expect? You will incur a $ 250 dollar fee from DVDNow to swap the service from being listed with my company to your company’s name. 1 million dollars in liability insurance can be obtained for less than $250 annually. Typical monthly expenses will include store space leasing (5% - 10% of gross), movie costs, DVDNow connections software and support $ 75, printing, advertising, and merchant fee (8% - 12%).
Can you purchase an extended warranty from DVDNow? No, DVDNow will not allow extended warranties to be transferable. I think this is their way of getting you to pay $ 9,000 more to purchase a new one from them.
Why am I leaving the business and would I recommend this business to someone else? I have several other things on my plate right now and quite frankly they are much more lucrative. I do not have the time to dedicate to making this business thrive. You have a 6 rating on Ebay, should you make an offer on this item?
Contact me at DWAYNE.PROJECT@GMAIL.COM
The following information is straight from the DVDNow website.
Automated DVD rental terminals have all but replaced traditional video rental stores in Europe and are rapidly appearing in communities across the United States. DVDNow Kiosks, Inc. has developed the finest automated DVD rental terminal available today. These terminals provide consumers with a fast, efficient and convenient way to rent the hottest DVD's and Video Games. DVDNow is uniquely positioned to assist entrepreneurs build networks of automated DVD rental terminals and ride the wave as DVD terminals take the North American market by storm.
Did you know that revenue from the sale and rental of DVD's rose 8% in 2005 to a total of $22.8 billion? Or that in a traditional rental store 90% of revenue is generated from new releases? The remainder of their inventory, potentially consisting of thousands of older titles, only accounts for ten percent of the rental revenue. When you factor in the capital outlay to open a store, the overhead of staff and management, and the high cost of rent in a well trafficked area, operating a rental storefront can be a daunting task to say the least. Yet, movie rental stores have traditionally been a great business that, through a lot of hard work, has made their owners a substantial income.
Don't you wish that there was a way to skim the cream off this market? Offer all the hottest new releases without the burden of carrying a huge, under-producing inventory of 'classics.' The problem that we set out to solve when we designed our revolutionary DVD rental kiosks was how to maintain a focus on the movies that bring in 90% of the rental revenue while at the same time minimizing the initial capital outlay and completely eliminating the overhead created by rent, property taxes, utilities, and an ever changing staff of hourly employees.
Imagine offering all the latest releases to thousands of customers through a machine as easy to operate as an ATM. Now imagine having the rental revenue automatically deposited into your bank account while you enjoy quality time with your family, a day on the golf course, or a well deserved vacation. While you're relaxing your business operates unsupervised 24 hours a day, 7 days a week (including Christmas) without a fraction of the overhead of a traditional rental store or so much as a single staff complaint or scheduling hassle. If the DVDNow model is beginning to make sense to you, and you are the kind of person that wants more out of life, then you may have what it takes to be a DVDNow distributor.
The DVDNow automated rental kiosk enables entrepreneurs to capitalize on the $20 billion DVD industry by allowing them to participate in this soon to explode market. With our program, independent operators are able to establish a network of state of the art DVD rental terminals in locations such as grocery and convenience stores, fast food restaurants and large apartment/condo complexes.
Our model is to focus on the highly profitable and readily available independent or mid-sized chain locations. These locations are for the most part overlooked as the giants of this industry raise tens of millions of dollars to deploy into only the largest of the chains such as McDonald's and Kroger’s Grocery Stores. Mid-sized chains and independent locations realize the benefits of offering DVD rentals and are turning to DVDNow to satisfy consumer demand.
DVDNow terminals generate revenue through four primary sources.
1. The rental of DVD’s and video games
2. Late fees from overdue movies
3. The sale of advertisements (onscreen and positioned within the DVD jewel case)
4. The sale of previously viewed DVD’s
The DVDNow program is without a doubt the most comprehensive offering in the industry. From our ground breaking DVD rental kiosk, to our warranty, technical support, placement services and training programs, everything is best in class.
Frequently Asked Questions:
HOW DO I ORDER MY MOVIES, AND AT WHAT COST? There are a limited number of companies who supply the movies for the entire DVD rental industry including Blockbuster and Red Box. As a DVDNow Distributor you will have access to these companies at industry pricing to pre-order your new releases However, as the owner of the terminal you are free to purchase movies from any source. New Release DVD's will be available on the Friday for purchase, prior to a Tuesday when they can be officially rented. Will be available on the Friday for purchase, prior to a Tuesday when they can be officially rented.
WHAT IF MY MACHINE BREAKS DOWN -- I'M NOT A TECH? The majority of problems can be resolved over the phone with our in house tech department. DVDNow will dispatch a company certified technician to your location for service.
I'M NOT A 'MOVIEGOER' -- HOW DO I KNOW WHAT'S "HOT"? There are a number of web sites that list box office sales. As well, any DVD distributor can recommend the hot new releases.
HOW LONG BEFORE DVD TECHNOLOGY IS OBSOLETE? There is no foreseeable end to the use of DVD technology. We are now just moving into the 2nd phase of DVD's with the introduction of HD DVD and Blue ray discs (both of these new formats have many times the capacity of a current DVD and offer high definition content). DVD's will remain the most affordable and convenient way to get high-quality content for years to come. DVDNow terminals are already capable of renting both of these new formats and the terminal operator may charge a premium for high definition movies.
CAN MY CUSTOMERS RESERVE THEIR SELECTIONS ONLINE, OR, IS IT PLANNED IN THE FUTURE? There is currently no online reservation system. Data indicates that most customers do not presently book movies using online services. If online reservation services gain in popularity DVDNow will introduce one.
DO I NEED TO GET MY OWN MERCHANT ACCOUNT? Yes, each terminal operator needs to maintain his or her own merchant account.
DOES THE MACHINE HAVE THE ABILITY TO PRICE DVD'S DIFFERENTLY AND AT WHAT INCREMENTS? Yes, you set the price for movies. You can price movies differently for new releases or by the day of the week (or both). A premium can also be charged for high definition DVD’s or video games
WHAT DO I DO WITH MY USED DVD'S? Most distributors buy back previously viewed DVD’s at a set price. Your terminal will also have the ability to sell new or previously viewed movies straight to consumers. Convenience or grocery stores may purchase the used DVD’s and offer them for sale within their store. You decide on what works best for you.
DO I NEED AN INTERNET HOOKUP? IF SO, WHAT KIND, AND AT WHAT COST? The terminal going to need a DSL or Cable connection at an approximate cost of $50 per month. Some locations may let you share their existing Internet connection.
HOW MUCH DO I GIVE THE LOCATION OWNER? Industry standard is to give the location owner 5-20% of net revenue.