Why Is Vending an All Time Favourite Business

If you are thinking of a business that is least effected by recession, then vending is the perfect choice for you. As we all know this industry has only seen growth since its inception in early 80s. However, vending machines have been subjected to a lot a change before they could reach their present state. Thanks to technological advancement which has made this possible.

From a stage when they were able to vend few selected products to their present stage where almost every product is dispensed, vending machines have been through quite a long journey. All this while both customers and operators have been benefited in several ways. This is one of the main reasons for increasing popularity of these machines. Few such benefits have been mentioned below:

• Instant cash flow: In fact, this is one of the very few businesses that generate revenue right form the moment you place your machine.

• Cash business: This is an all cash business which means that there is no scope for bad debts and collection issues.

• Flexible Timings: Another amazing benefit is that regardless of what you do during the day, your machine works for you 24/7. As your machine takes care of sales, you need not worry about their supervision, training or motivation.

• Return on investment: The main purpose of any investment is to make money. This business provides you with high profit margins and greater return on investment. What else would you look for as an investor?

• Perfect business Model: No one to boss over, No set working hours, No employees, No paper work and No territory limitations. All these features make vending most preferred business opportunities.

• Part time or full time: This business gives you the unique advantage of continuing with your main occupation and take up vending as a part time activity.

• No sales force: Your machines are your sales force hence you do not require additional sales personal to be appointed.

What better business exists to get started with other than a vending business?

If you plan to start a vending business, get in touch with Planet Antares Inc. They have unique vending programs specially created for budding entrepreneurs. With unmatched product quality and services, Planet Antares is one stop destination for all your vending needs.

Why Vending Business of All Other Employment Opportunities

Vending as we all know is one of the oldest business opportunities that have been in existence in the first century BC itself. However it gained prominence only in 1800’s. Initially these machines were used to vend holy water in Egyptian temples. Later as people started realising the advantages associated with these machines, they were used to vend postcards and gumballs. Thus these machines had to undergo a lot of changes before reaching their present form. Modern vending machines are used to vend almost all kinds of products.

The benefit offered by this business is the main cause of increasing popularity for this business among various classes of people. These machines offer a wide range of benefits not only for the operators but the customers in general. Some of them are mentioned below:

• Healthy products: Obesity is growing problem among all age groups. This is one reason why most organisations are encouraging healthy vending. Schools and offices use vending machines in order to have a complete control over their employees or children’s eating habits. By stocking healthy food products, healthy eating habits can be encouraged among children and employees. Planet Antares machines can stock variety of products in just one machine thereby giving choice to consumers

• Accessibility: Modern lifestyle keeps people too busy and preoccupied that they hardly find time to cook or go out for lunch. Thanks to vending machines since they provide easy access to customers by allowing them to get quick snack whenever they want.

• Profits: From an operators point of view this business is very profitable. The initial cost for setting up a vending business is low when compared to any other business. Moreover, this is a complete cash business and hence returns start pouring in right from the day of installation.

• Technology: Thanks to technological advancements, vending machines are no more restricted to selected food items. Modern vending machines are used to vend almost all products including DVD’s, mobiles, cell phones etc.

• Storage: Recent past has witnessed several machines that have been designed specifically to serve hot or cold food. For instance, some vending machines are used to vend pizzas while others are used for vending cold ice creams.

• Profits: This is in fact the only business that allows the operator to make profits right from day one of its installation.

These benefits and employment opportunities created from its demand are the driving forces for increasing number of vending operators.

How To Maximize Profits in Vending Business

All of us start business with the sole aim of making profits. How to maximize profits? This is a very common question that haunts most businessmen. When it comes to vending business, location plays a major role in increasing profits. Try to choose a location that will not cost you lot of money. If you have friends or relatives who own a business, you can place your machines in their premises since they would charge you only small amount.

When trying to identify locations, negotiate for the best possible deal. It is a common practise to charge 10% to 30% of profits as rent for installing your vending machine. Try to fix a lower percentage by bargaining.

Try to keep your machines clean and in proper working condition. A clean and well maintained machine is highly successful in attracting customers and creating impulsive buying in them. You don’t need to do any major cleaning on the machines, all you need is to show up once a week to thoroughly clean and service the machine. In case you are using a glass front vending machine from Planet Antares, it should be well cleaned so that the products that are inside can be seen well. A potential customer can be taken back if he sees an improperly maintained vending machine. There is also a chance that customers may think that the products offered are old and outdated items.

Choosing location with maximum customer traffic is another way that can help you in maximising profits. High footfall would mean more chances of people buying from the machine. Since vending is impulsive buying, higher the customer traffic higher are the chances of increasing sales. The kind of products dispensed in the machine also influences your selection of location. For instance: if you vend candy, then choose location that has maximum number of kids. The product mix is influenced by your target customers. Planet Antares can help you while choosing the right location for your business.

Quality is another factor that influences revenue generation. Hence, it is important that you vend only fresh products in your machine. This will not only create goodwill among customers but also boost your sales. Another important thing to be remembered is that customers have fancy for new products. So, try to make use of this by offering latest products in your machine.

These aspects if followed properly can skyrocket your business. For a detailed view into the vending industry, get in touch with Planet Antares staff

Using Software For Successful Vending

Vending industry has undergone lot of changes since its inception. Vending machine was first introduced in 215BC to vend holy water in Egyptian temples. In the initial days of its introduction, vending machine was restricted to dispensing selected products. But today the scenario is entirely different. These machines are now able to vend a wide range of products. The credit for this drastic improvement can be attributed to development in technology and introduction of latest software.

Modern vending machines come with inbuilt software like wireless data transmission and automatic transmission devices. All these devices are user friendly and help operators in several ways. Operators can now track the sale of products across counters and at the same time keep an eye on route drivers moments thus increase the performance efficiency of existing machines. Some of this software also helps in identifying any break downs in the machine.

Customer’s tastes and preferences keep changing with changing times. Handheld vending machines provide operator with data related to brand preference whenever a machine gets filled. This software is valuable to route drivers as they need not make repeated trips to the machine any more.

Handheld software has helps operators in several ways. Some of these benefits have been discussed below:

• Typographic errors can be eliminated.
• Accountability and sales analysis reports can be made available instantly.
• Management can track sales of each vending machine by utilizing cost effective brand preference analysis reports.

One of the main problems with existing accountability system is that there is greater scope for errors while counting or preparing reports by route drivers. Use of this software would avoid human intervention and reports are made available in real time. These timely reports allow you to take measure by the beginning of next business trip.

Brand analysis is primarily conducted to enhance sales and thereby gives operator an opportunity to improve profits form their existing vending business.