Why Should I Take Up Vending Business?

We all hear about vending machines and vending business. One question that arises in the minds of most of us is why should I take up vending business? The answer to this question can be obtained by looking at the benefits of this business.

• Vending business has high profit margins.
• This is a 100% cash business. Therefore there is no risk of bad debts and collection issues.
• There are no fixed working hours and you can run your machines round the clock 24/7.
• You need not take up this business on a full time basis. You can continue with your main job and take up this business on a part time basis.
• You need not appoint sales personnel as vending machines takes care of all your sales.
• Like other businesses you can enjoy tax benefits even in vending business.
• Except for regular maintenance and repair costs, operator does not incur any major overhead costs.
• This is perhaps the only business that gives you instant returns.

However success cannot be achieved in a day. A vending operator needs to do a lot of hard work and strategic planning to succeed in his undertaking. To begin with, he needs to do a thorough market research. This will help him in understanding the in and out of vending business. With the data collected via market research, vending operator will be able read the pulse of customers, the present market scenario, the needs and wants of customers, various models of vending machines in use and the products that have maximum demand.

After gathering and analyzing information, operator needs to finalize on the kind of machine and product he would like to go for. It is always advisable to purchase new vending machines of reputed manufacturers. Likewise operators need to offer a combination of both branded and unbranded products in their machine. This would boost the sales. Location is another factor that is vital for the success of this business.

For more information on vending business contact Planet Antares.

Vending Business Secrets

If you are an upcoming businessman new to vending business, you need not invest huge money. There are several affordable ways of starting this business. For beginners with budgetary limitations, vending machine rental is an appropriate alternative.

It is always advisable to start with simple and small machines rather than investing huge money on complicated and expensive equipment. As you gain confidence and experience in this business, you can expand by identifying better locations and till then, it is better to spend carefully.

Several vending machines are available for sale, rental or leasing depending on your business needs and budget limitations. You can choose the machine of your choice form this wide range of high quality and well maintained machines. Each of these options has its own merits and demerits. Consult Planet Antares staff to get appropriate advise according to your needs.

Renting vending machine: This allows you to start your business with a small investment. Nevertheless, you need to concentrate on the location and products you would like to dispense in this machine. It is the prime responsibility of vending operator to monitor the performance of various machines at each location. If required, he will have to move the machine from low sales area to that place which has maximum demand. However, it is advisable to try and enhance sales in the same location before shifting the machine. Since this shifting may incur you additional costs and may even damage the vending machine if proper care is not taken.

Renting a vending machine may sometimes become very challenging. These machines have been used earlier and have been subjected to a lot of wear and tear. So, the probability of a break down is very high. The performance efficiency of these machines would definitely be low when compared to any other new machine. Another disadvantage of renting vending machines is that they do not come with the latest and updated features which customers may be looking at. Hence it is better if vending operators purchase new machines.

Even if budget is the main concern, operators can choose simple and basic models rather than complicated ones. This will not only cost less but also perform far better than a used one. Hence operators should not get carried away by short terms benefit(low cost of used machine) and forgo long term benefits(high efficiency and performance) of a new machine.

Tuning up your vending business for profits.

Vending is one of the most lucrative business to be into. With advantages like minimum management, no manpower required and 24/7 operations, vending is one of the preferred source of additions income. Though you just need to have the right vending machine and a perfect location to earn profits, you may want to fine tune your vending business further to earn extra bucks.

Here I will just go through some of the tips that will help you to generate additional profits.

1. Once you have secured a perfect location for your vending business, you should try to identify the customer’s choice and try to stock your machines with products preferred by customers.

2. You can keep your customers engaged by providing them some incentives for purchase. You can either offer discount on products at times.

3. Do make sure your vending machine is new in condition and is customer friendly. You may try Planet Antares new range of vending machines for your location.

4. If you have a large number of vending machines, it is important to plan your vending route so as to make sure the machines are never out of stock.

5. Do try to relate to customers, if your vending machines are targeting kids, you can have cartoon pictures on your vending machine and if your vending machine is targeting health conscious people, you may want to keep pamphlets/ display boards on weight loss or other common fitness concepts.

Vending is all about providing a quick access to products. To make sure your vending business generate profits, you have to think from customer’s point of view. Be little proactive and provide customers what they want. That’s the success mantra in vending business.

To make the most out of this amazing business opportunity, you should consult Planet Antares support staff. They guide vending operators in running their business and provide solutions to their requirements. Planet Antares sells vending machines ideally suited for multiple locations.