Tips For Making Smart Vending Business Decisions
A vending machine business is a great way to achieve financial freedom and gain control of your life. However, you need to be smart about it. There are many people who may give you disastrous directions or take advantage of your ignorance. It is better to be aware about the various aspects of this business before you actually open shop.
The first decision for starting a vending business will be to buy a vending machine. Even though you must look for affordable equipment, cheap machines should be avoided. You get what you pay for and the cheaper the vending machine, the lesser revenue it will generate. These are usually available in the price range of $ 50- $150 and are not reliable. Even though you may save initially, the expenses of repair and maintenance of such machines will be many times more than the amount invested by you originally.
It is best to buy good quality machines from a reputable vending machine supplier like Planet Antares Inc. Do not get lured by attractive and cheap vending deals offered by relatively less known sources. You should also ensure that there is a guarantee on the machine and technical support is sound and prompt.
A good company will accept payment through credit cards and will not insist on “cash only” transactions. This indicates that the vending machine provider may not have a merchant account. Check their credit worthiness and payment security systems before you pay anything.
Experience also matters. The vending machine company may be a new start-up or even a distributor who sells machines manufactured by other companies. Enquire about their past record and business performance. You can even talk to their existing customers to get a better idea about their services.
Test the technical and customer service of the company to see if it is as effective as they claim to be. The technical staff should be adept at handling any and every kind of technical problems relating to your vending machine. This service should be available 24X7 to keep your vending machines up and running consistently.
Do not trust the testimonials displayed on the vending company’s website alone. Compare different suppliers for machine features and prices to get the best deal for starting your own vending business. There is no such thing as the “best machine” but you can surely find the right vending machine according to your business goals and limitations.
The first decision for starting a vending business will be to buy a vending machine. Even though you must look for affordable equipment, cheap machines should be avoided. You get what you pay for and the cheaper the vending machine, the lesser revenue it will generate. These are usually available in the price range of $ 50- $150 and are not reliable. Even though you may save initially, the expenses of repair and maintenance of such machines will be many times more than the amount invested by you originally.
It is best to buy good quality machines from a reputable vending machine supplier like Planet Antares Inc. Do not get lured by attractive and cheap vending deals offered by relatively less known sources. You should also ensure that there is a guarantee on the machine and technical support is sound and prompt.
A good company will accept payment through credit cards and will not insist on “cash only” transactions. This indicates that the vending machine provider may not have a merchant account. Check their credit worthiness and payment security systems before you pay anything.
Experience also matters. The vending machine company may be a new start-up or even a distributor who sells machines manufactured by other companies. Enquire about their past record and business performance. You can even talk to their existing customers to get a better idea about their services.
Test the technical and customer service of the company to see if it is as effective as they claim to be. The technical staff should be adept at handling any and every kind of technical problems relating to your vending machine. This service should be available 24X7 to keep your vending machines up and running consistently.
Do not trust the testimonials displayed on the vending company’s website alone. Compare different suppliers for machine features and prices to get the best deal for starting your own vending business. There is no such thing as the “best machine” but you can surely find the right vending machine according to your business goals and limitations.
posted by carol gonzo @ 5:16 AM
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