Information on Vending Commissions
Most vending machine operators acquire locations by offering proprietors the best deal in terms of service and commissions. Commissions are a small portion of vending machine profits that are given t
o the proprietor for the exclusive right to place a vending machine in the location. You can either pay a percentage of your profits as commission or you can pay a monthly rent to the location owner. Most vending operators earn 3.8% return on assets (ROA). This means that the standard 7% commission tends to be a financial drain. As a Planet Antares vending machine operator you can decide to do away with the commissions in your vending business.
If you decide to do away with commissions it will not mean that your financial burdens would be solved. The top 25% of all vending machine operators earn an average 22% ROA and usually pay higher commissions than the lower 75% of vending machine operators. The first thing that you would need to do is to ensure that your anticipated profit will cover your return on assets requirements in your Planet Antares vending business. If there is any expected vending machine profit beyond the ROA, it can be offered as commission.
If your ROA is at 22%, it would mean that in 10 years an invested $1 million would have a return of over $6 million! Returns this high would not last in a free economy. Instead of offering a location owner a commission, a Planet Antares vending machine operator should find ways to invest their money to retain their clients, like maybe offering other incentives.
If you want to increase your share of the vending machine market, you can do so by offering higher commissions to the location owners. An increase in commission rates can be covered by a unit price increase in vending products. When you increase the prices of your products, the sales would drop at first, since the customers would not be willing to pay more for the same products. The customers will slowly adjust to the change in pricing and it will reach a point where they won’t mind paying more for the products. An increase in unit prices also means that each machine serviced will have higher revenues and profits.
Commissions are not necessarily bad for a vending business. Instead, they are a tool that can be used by savvy Planet Antares vending operators to increase their market share. Vending operators who are finding it hard to pay commission rates because of low ROA, should look at their overall management.
Legal Liability in Vending
When you start a snack and beverage Planet Antares vending business, liability insurance must be in place as well. There are so many things that can happen at vending machines. This is the reason why some insurance cover would be needed incase of unexpected occurrences such as accidents.
Accidents sometimes can occur at a site of a vending machine, when a consumer is careless or if the vending machine has been placed in a precarious position. There are times when a consumer can shake or tilt a vending machine, if the product is taking long to be delivered or if the expected change does not come out of the vending machine. When they do this, they are at a great risk of an accident. If one occurs, the consumer will blame the vendor, whether or not it was their fault or the vendors fault. This is why you would need to get insurance cover for your Planet Antares vending business.
If you are running a snack, food and beverage vending business, and you happen to sell an item that is tainted, it might cause a consumer to get food poisoning. Even if the manufacturer of the food or beverage is nationally recognized, chances are that they already have some insurance cover. This would not stop the consumer from starting a suit against the vendor and the location first. If you have liability protection for your Planet Antares vending business, then you will be financially protected to deal with such cases.
If the food in the vending machines is being prepared by you at home, then you even create more reason to have liability insurance. This is because there would be no manufacturer to share the blame with.
Kids can easily get injured when they are using vending machines. This is why user-friendly vending machines like those provided by Planet Antares Inc. are the kind of vending machines that you should purchase. Kids and even adults can get their fingers stuck in the strangest cavities of vending machines, especially when they are playing around.
Learn how to protect yourself, your account, product and equipment manufacturers and most importantly your customers by acquiring insurance for your vending business. A vending company can also provide you with further information on how you can protect yourself.
Healthy Products in Vending Machines
There have been mounting attacks on the vending industry because of the type of products they sell. You can find all types of junk foods in vending machines which are always being bought by consumers. Americans love snacking and this is the reason why snack and beverage vending is very popular and profitable.
Since there is a growing demand for healthier choices in vending machines, you as a Planet Antares vending operator should take a serious look at this new way of life. There are many vendors that are now selling healthy products successfully from their vending machines. It all just depends on the location that you pick to vend your healthier choices. Schools all over the U.S. are taking to this new way of life very seriously. Many schools now have vending machines that only vend healthy products and the cafeterias only serve healthy foods. If you are considering placing a Planet Antares vending machine in a school, it would be advisable that you vend mainly healthy products. This is something that the school would require from you. The school can decide to ask you to vend only healthy products.
When you have decide to vend healthier products from your Planet Antares vending machine, the first thing that you would need to do is to look for a supplier that can supply you with these kind of products. There are some incredible choices that can easily be available for your vending machine such as veggie crisps, bagel chips, nutrition bars, meal replacement bars and a wide assortment of nuts. Every month there are new products that are introduced, you just need to find the right supplier who can provide with all the latest products as well.
If you decide to introduce healthy products in your Planet Antares vending machine, you should start off by placing some selections of the healthy products. The rest of the products can be your regular products. The sales of the products would all depend on the location that you have placed the vending machine. There are locations where the demand for healthier products will be high and there are locations where there will be no demand for such products.
Choose healthy products that are attractive and reasonably priced. This is what will attract customers who are not interested in healthy products, to buy them. These can be items such as low calorie cookies, baked chips with nachos, baked black bean chips and black corn chips. Such items will compel a consumer to take a second look.
Healthy Food in Schools
School boards all over North America have started opting for healthier foods in their cafeterias and vending machines. Everyone who is in a position to care about this issue agree that children need nutritious, high-fiber, low-fat foods to remain attentive. This of course includes parents, physicians, teachers and administrators.
Vending operators have also changed their attitude towards the kind of food products that they vend. As a Planet Antares vending operator, you should pick the right locations where you can vend healthy products from your vending machines. Not all locations will have a majority of health conscious people, that’s why it is important that when you vend healthy products, you should do it in the right location.
Schools are the perfect place for healthy vending, because childhood obesity has been called an epidemic that has been brought on by poor diet and lack of exercise. There are some areas of the U.S. where 1 in 4 children are considered to be overweight. The fear is that this number will increase over the coming years. That is why schools have decided to take action by introducing healthier foods in schools. Placing a Planet Antares vending machine in a school would be a perfect way of vending healthy products.
When you have vending machines in a school, you can enter a contract with the school or you can run the business entirely by yourself. If you plan to run the Planet Antares vending machines by yourself, then you would need to be regular with servicing the vending machines. A school has high traffic, so it wouldn’t take long for the products in your vending machines to be sold. This is the reason why schools make such good locations.
Once you have secured a school location for your Planet Antares vending machines, place the right kind of healthy products in the vending machines. Healthy products don’t need to look dull, just because they are healthy products. You can get a good supplier who will provide you with eye catching healthy products that are reasonably priced. The students should be able to afford the products that you are vending. Healthy products are known to be slightly higher priced than regular snacks and beverages, but that doesn’t mean that there are no healthy products that are reasonably priced.
Vending in schools can bring in high profits for your vending business, as long as you are vending healthy products at the right price.
Consumers Unaware of Healthy Product Initiatives
The vending industry has to improve its growth opportunities by educating customers about the health offerings that are currently available in vending. Research has shown that consumers are generally unaware the health offerings that can be found in a large number of vending machines in the U.S today.
Consumers generally hold vending in low esteem in terms of value as compared to other retail venues. There are consumers that believe that vending doesn’t have much to offer in terms of nutritional foods. Vending operators have started to change their way of vending because of the health concerns that have risen over the past years. A Planet Antares vending program is one that caters to all kinds of consumers. This program will help you select the best health products to place in your Planet Antares vending machines. As a vending operator you need to take notice of the growing need of the public for health foods. There is a growing need for these kinds of products, but the problem is that many consumers don’t know that they are available in vending machines.
Americans today want to eat healthier so that they can live longer and healthier lives. This is the reason why health products will do well in your Planet Antares vending machines as long as you have picked the right location to place your vending machines. There are some locations where consumers will not really care much about buying health products from vending machines. A location is always the key to the success of a vending business, so make sure that you choose a location where there will be a demand for health products. A School would be a great location for placing Planet Antares vending machines that sell health products. There are some locations that would be ideal for both regular and health products.
Planet Antares vending machines sell snacks and beverages. There are a number of healthy snacks and beverages in the market today, which means that you will need to look for a supplier that can provide you with these products on a regular basis. To create awareness about the health products in your vending machines, you can carry out some promotions to market the products. Consumers need to know that vending machines do indeed carry health products. When they come to know this, there will be more purchases of health products from vending machines.
The Vending Machine Manufacturer
A vending machine manufacturer makes all types of vending machines. They can decide to make a variety of vending machines or just a particular kind of vending machine. Planet Antares Inc. makes snack and beverage vending machines. These machines with the strongest materials that are made to stand the test of time. They are also beautifully designed, which is something that is important because it means that they will be able to stand out.
Planet Antares will offer you the best vending equipment with a top of the line vending business. When you buy vending machines from a manufacturer you should receive the finest service and prompt delivery.
A Planet Antares vending machine manufacturer may provide you with a warranty for a specified period of time. This would mean that if something were to go wrong, they would be able to cover the repair charges. Of course if you buy quality vending machines you will find that making any major repairs is something that you would not have to worry about any time soon.
For years vending machine manufacturers have been making all types of vending machines. Technology has changed the look of vending machines over time. Manufacturers make standing vending machines, hanging vending machine, specialty vending machine (e.g. the ones that sell women’s products) and other types of vending machines. In the market you will find closed vending machines and glass front vending machines like those that are manufactured by Planet Antares Inc. Glass front vending machines are more popular these days because the customer likes to see what they are buying. These kinds of machines also entice the customers to purchase from the vending machine especially if the packaging of the product is attractive.
A vending machine manufacturer should have a good reputation. If they have a good standing reputation, it will mean that they are known for providing quality vending machines. The success of your business depends partly on the type of machines that you are using to vend your products. They should sell vending machines that have different capacities. You may want a small vending machine or a large vending machine; it all just depends on the location that you want to place the vending machine.
Planet Antares will provide you with excellent vending machine and other vending services that will make your vending venture one of enjoyment and prosperity.
