How to Identify New Vending Locations

The most common hurdle for any vending operator is availability of funds. This is when vending operators need to adopt cold calling. Even though this is not a very popular method, it is still effective. To begin with operators need to make use of business cards or flyers that carries information about the services offered and his contact details.

Flyers designed should be short and informative. The main objective of using them is to spread information about your business in order to get contacted by people. This helps you in identifying new locations for placing your machine. If required you can also personally visit few businesses in your area to know about the existing service providers. This is the best way for identifying new locations for installing your machines.

Flyers is one of the best methods for collecting information like existing operators in the locality, most commonly used models of vending machines, their prices, services offered and other information that impacts the success of your business. Operators should keep on distributing flyers until they identify the most profitable location for installing their machine. It is always advisable to start with one vending machine initially and gradually expand business by reinvesting the revenue generated from existing machines.

Another way of identifying new locations is by advertising. But before investing in advertising, operator needs to be very careful. Huge amount is spent on advertising expecting good returns on investment and good returns would mean generating good leads and thus identify prospective locations. So, operators need to be very choosy while investing their hard earned money.

Once you collect leads, it is up to the operator to close the deal on location. One point that we would like to reiterate before closing is to choose the right place that is capable of generating huge revenue.

Things To Be Considered Before Taking Up Vending Business

Few factors that attract most operators to take up vending business are:

• The cost of setting up vending business is low when compared to other business ventures.

• These machines allow you to earn revenue almost instantly.

• Buying a new vending machine is not a very costly affair when compared to its returns and performance efficiency.

• Identifying and installing your machine in a right location will help you in earning return on initial investment in the very first year.

Vending is a very unique business that allows being your own boss and also gives you the flexibility in terms of your working hours. An existing vending operator would definitely agree with the above mentioned aspects. Placing the right machine in the right location helps you in earning revenue almost immediately.

Operators should take their own time to find about the various machines that are available in the market. This will help in choosing the most appropriate machine for your business. It will also prevent you from overpaying for your machine. Always prefer a new machine of a reputed company like Planet Antares.

Be very cautious while you purchase vending machine or other products for selling since there are several fraudsters who try to dupe you with their false commitments. After finalizing on the machine and products, you need to choose the best location for installing your machine. You can select a location all by yourself or hire a vending machine locator to help you in this process.

In case you set up your machine in a rental premises, remember that you will have to pay some commission to them and this will influence your profit percentage. Also make sure that you purchase all the necessary products and supplies from a wholesaler and not from a retailer. This can save a lot of money for you.

Do not forget to make a thorough market research before you start this business. Careful planning and cautious approach is sure to make your vending business a big success.

Vending-Most Happening Industry

It was some time in the 215 BC that people first used the coin operated vending machines for the purpose of vending holy water in Egyptian temples. Since then this industry has made progress by leaps and bounds without any looking back. Now we have the modern vending machines that vend almost every product you could imagine.

If you observe closely, you will realize that vending is mostly a service industry. Modern lifestyles and change in eating habits are one of the several reasons for increasing popularity of vending machines. Most of us do not have the time to cook and eat so; vending machines are a great alternative to our daily meals. Thus our dependency on these machines is increasing day by day.

This change in trends has lead to increased snacking while travelling. Thus more and more machines are being placed in non traditional locations like bus stations, sports, recreation centers and garage forecourts. Usually majority of vending machines that are in use are floor standing machines thus making it easily accessible by customers.

Vending machines offer convenience and quick service. This is another reason why most people use them. Apart from this, cashless vending is also gaining popularity among customers. Customers generally prefer cashless vending because it is more convenient for them. However, since operators take up business for making instant returns, it is advisable to stick to cash vending.

Most popular locations for placing vending machines are offices, schools, bus and railway stations and busy malls and complexes. With the introduction of vending machines in offices, employees no longer need to wait in long queues for a cup of coffee. By placing these machines in office cafeteria, customers can access them easily and enjoy instant services.

An operator needs to offer those products that have demand through out the year. For instance snacks and beverages are those products which are in constant demand. By offering such products, operators can be assured of guaranteed returns. You can also try offering latest products like iPods, cameras in your machines. In case, the demand of these products fades off, you can shift back to your traditional products.

Benefits of Glass Front Vending Machines

Glass front vending machines are latest up gradation over the closed ones. These machines are preferred because they are easy to use and allow customers to see the products which they are going to purchase. Glass front machines enable customers to see the products that are offered for sale. This makes selection easier and also creates an impulse for purchasing the product. Items thus displayed can lure the customers and create a desire for the product.

Glass front vending machines are mostly suitable for locations with heavy foot fall where there is great demand of a wide variety of products. The other benefit of a glass front vending machine is, these are more service oriented when compared to the typical closed ones. The added advantage of this machine is additional shelf space.

A vending operator need to keep in pace with the changing market needs in order to stay ahead of competition. Several models of glass front vending machines from Planet Antares are available in the market. Some of them are snack glass front vending machine, beverage glass front vending machine and a combination of both. This makes these machines ideal for all locations.

It is important that the operator offers a variety of products for sale and this is made possible by glass front vending machines. Using this machine your customer can both see the products he is about to purchase and also enjoy the variety offered. Thus these machines are capable of boosting your sales.

Vending is a billion dollar industry that serves an estimated 82 million Americans at least once in a month. Since its inception, this industry has witnessed huge growth and is perhaps the only industry that has been least affected by recession. All this clearly shows that there is a huge scope for new entrants in this business. So if you are an entrepreneur trying to identify the most profitable business, then vending is the best choice for you.

Steps in setting up a vending business

Once set up on the right note, vending business rolls on its own. But it is very important to plan your business wisely. As a novice in vending business, you may get confused or may encounter some problems in finding a location, or purchasing the right kind of machine. To make sure that you start vending business on the right note, you should consult specialists from vending industry. If you know someone who owns a vending business, then it’s good otherwise you can consult about your business plans with Planet Antares Inc’s support staff, who guides vending operators and entrepreneurs about how to set up their business.

Starting a vending business involves purchasing a vending machine and setting it up at a location. Before you go out and buy a vending machine, it is advised to search for a location for the vending machine. You can find out various locations like shops, malls, gyms, offices, parks etc to place your vending machine. Most of the time, for a good location, you will have to share the “profits” with the location owners. A good idea is to share it 60:40 ratio (60% being yours), if things don’t work out then 50:50 is also fine, but nothing below that.

Also, once you decide on placing a vending machine at a particular location. You may need to get a paper work done for the location. You may want to consult a lawyer for the agreement or you can use the standard agreement available with the operators. Securing a location is one of the most important tasks.

After securing a location, you should buy a vending machine. NEVER buy an old vending machine. Though claims are made that they are at par with new ones but they are not. They are repaired equipments which can fail at anytime. You can get your vending machines from manufacturers like Planet Antares. They have a remarkable collection of vending machines.

The vending machines that you buy should be kept secure. If placed outdoors, they should be made secure by some locking equipment.

Vending is a lucrative business and returns are pretty good. With right partner by your side, you are bound to make good profits from your vending machine.