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.
• 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.
Labels: planet antares, planet antares vending
posted by carol gonzo @ 12:21 PM
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