How To Sustain Severe Competition In Vending Business?

Vending is one of the very few industries that is least effected by recession. Even in these times of economic slowdown, perhaps this is one of the very few businesses that is growing at a rapid rate. The uniqueness of this business is that it requires very low capital and an operator need not devote his entire attention on this business. You can still continue with your main chore activity and take up this business on a part time.

Vending industry faces stiff competition from shopping malls and other retail outlets. Any operator will be able to withstand this competition by following few tips mentioned below:

• Try to be specific in what you sell. Do not vend more than what you can manage. Concentrate on few products and switch to bulk vending if possible for better results.

• The establishment and running costs of vending business is low compared to other businesses. This business does not require you to hire sales personnel and being a complete cash business, there is no scope for bad debts. These benefits allow you to price products at lesser price when compared to other shopping malls or retail outlets.

• Vending has gained huge popularity among people who hardly have time to wait in long queue for billing or purchasing products. This machine provides you with the convenience of pick and go. So ensure that you stock your machines with sufficient quantity of stock. This will help boost your sales.

• Always prefer latest and new machines from trusted manufacturers like Planet Antares. Discourage used or refurbished machines. New machines are more reliable and ensure smooth operations.

• Adopt marketing strategies. Provide discounts and special offers that can increase your sales.

• Prefer glass front vending machines from Planet Antares when compared to closed ones. These machines enable customers to see the products which they would be purchasing. Not only this, glass front machines help you in identifying outdated stock which can be easily removed.

These guidelines if adhered to will yield good results.

Vending A Recession Proof Business

The dreams and aspirations of millions of investors have been washed away by recession. There is hardly any sector that has not been affected by it. Recession has forced few to quit their existing businesses while it left others jobless. In such disheartening times, vending is perhaps the only business that gives you complete financial freedom. Vending business has acquired wide acceptance among people of all walks of life. In recent past, vending has grown to become one of the most lucrative and promising business.

Vending is a simple and easy to operate business that does not require any expertise or prior experience. This is one reason why most operators take up this business on a part time basis. All you need is to identify a location with high customer foot fall and install your machine there. After doing this, just ensure that the machine is in good working condition and refill it with stocks whenever required.

Most vending operators start with one or two machines. The returns in this business are extraordinary and are used for buying and installing more machines. Planet Antares is a well-reputed, guaranteed firm that manufactures vending machines in the US. Besides, the company also offers you with genuine customer support from end to end in your vending business. Taking up vending business on a full time basis provides financial freedom and also gives you an opportunity to become your own boss. This business is a complete cash business and does not have any set work timings. With vending machines working 24 hours a day for you, you won’t have to worry about recession or its adverse affects on your income.

Vending business does not require any sales staff. So the operator does not have any obligations of paying salaries, fear of strikes or lockouts. This is one reason why this business is not affected even by severe recession. The machines provided by Planet Antares are entitled to be completely fuss-free and easy to use thus giving absolute customer satisfaction, and in turn resulting in greater revenue.

So all you prospective vending operators our there, do not waste any time further and club with Planet Antares to kick-start your vending business at the earliest. Good luck!

Tips Before You Start A Vending Business

Most of us aspire to start our own businesses but have no clue on how to go about it. If this is your situation, then you can think of starting a vending business. Few things that make this a successful business are:

• Low capital requirement: The same may be said about few other businesses, but this is absolutely true in case of a vending business. All you need is to invest in purchasing a machine and locating it in the right place. Your machine will do the sales for you and start giving you return from day one. To begin with you can probably purchase one machine and later use the revenue generated through this for further expansion.

• Keep a check on your costs: Though the initial set up cost is very low when compared to other businesses, there are several other expenses like merchandise, maintenance and repair costs which you need to take into consideration. But a close and watchful eye on these costs can keep them under check. Regular checks on the stock will prevent pilferage and wastage. On the other hand prompt servicing will ensure that the machine functions properly without any break downs.

• Location is crucial: Nothing is more crucial than locating the vending machine. If you think that just by locating your machine in schools or college will work miracles for you, then you are completely mistaken. You need to look out for places where foot fall of customers is very high or identify places where people stand in queues waiting for something. Avoid locations which already have stores selling the same product. You also need to consider availability of power supply depending on the kind of machine you use and the product you vend.

• Service is the key to success: This is a customer driven market. Customer satisfaction will influence the survival of any business. You might have come across few vending business that failed because they were unable to offer good service. Often they neglect to refill their machines with stocks or forget to collect cash from the machine so customers cannot buy anything and sometimes they do not maintain the machines properly. All these spread ill will among customer and they resist themselves from revisiting the machine.

Even if your initial earnings are less than what you have expected, keeping the above things in mind, you still have lot of chances to succeed. Planet Antares staff can help you by providing excellent machines and support for your business. Moreover Planet Antares is a brand and already recognized by people which gives you a headstart in your business as well.