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 Not only this, glass front machines help you in identifying outdated stock which can be easily removed.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 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.
Labels: planet antares, planet antares vending
posted by carol gonzo @ 8:54 AM
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