How to increase your vending profits?
Anyone who is looking to start a vending business would like to make profits from his business and like all other businesses around the world sales is what a vendor is always looking towards to make profits from vending machines. Although vending is all about automatic merchandising, there is a lot of effort that is put behind automatic sales. Here are some pointers that will help you increase sales and thus profits.
New and Attractive vending machines: Initially you can start your business with some basic vending machines but as you are looking to expand your business increase your sales, you will need some stylish machines like the glass vending machines from Planet Antares. Such machines would attract new customers and would encourage impulse buyers to buy products.
Keep looking for new locations: As a good businessman, never miss out on an opportunity of installing a new vending machine on a new location which you think would be profitable. A lot of time this decision is made on instincts but you can also take help of Planet Antares staff while looking for a new location. A new location without a vending machine often attracts many new customers who want to use a vending machine.
Products: Stocking your vending machine with the right and quality products is probably the most important part of your vending business. Look to install only brand products in your vending machine as these brands keep marketing their products and as a result they are already popular among customers and when they see such products in a vending machine, they are sure of quality. Health vending is also getting very popular these days and it is a good idea to stock your machine with health products in schools and colleges. Introducing products according to weather changes is also required to increase your sales.
Maintain your vending machines: Make sure that the vending machines are always clean and serviced on time. Your sales will automatically go up when the customers find your machine clean and tidy and always in a good condition as opposed to shabby and damaged machines.
Customer Service and feed back : Customer service is important in vending business as well. Make sure that you answer to all customer calls and queries and take all customer suggestions seriously and act upon them. This will encourage your customers to interact with you and give you more suggestions.
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Customer Is the King
A vending business depends on the location that you choose. It is very important to choose the right location that will bring you customers in large numbers. Locations like bus terminals, schools, hospitals, gyms, parks and shopping centers etc. where people frequent a lot can prove to be profitable. Once you have selected the location, your focus should be on complete customer satisfaction. Customer is the king, even if you place your vending machine at the best location but customers are not satisfied with your services, your business will definitely go down.
Tips on Complete Customer Satisfaction:-
1. Always make sure that your vending machines are in perfect condition. Regular servicing and maintenance will ensure that your vending machines are in perfect condition and smooth in operation. If you are planning to buy a vending machine always go for a brand new vending machine manufactured by a reputed company. Never buy refurbished vending machines.
2. Always stock quality products in your vending machine. Inferior products can harm your reputation as a vending operator. If a customer is served with an inferior product even once, chances are that he will never come back to your vending machine.
3. Try to choose brands like Coke, Pepsi etc as customers readily relate with these products. Such reputed products can get you higher sales and customer satisfaction.
4. Always make sure that your vending machine is well stocked. As a thumb rule, refill your vending machine when it is approximately 50% empty.
5. Try to seek customer feedback through suggestion box or a small survey in the surroundings. This may lead you to plan your business better and can ensure higher customer satisfaction.
6. To know customer’s preference, you can track performance of different products and choose the ones that sell more.
7. Whenever you buy a vending machine do find out about customer support program of the company. There are companies that may turn their back when it comes to after sales customer support. In event of any fault in vending machine, you can have to wait for days for customer support to respond.
For successful vending operations and to ensure complete customer satisfaction, you should opt for vending companies like Planet Antares. They have an excellent after sales support program and not to mention their vending machines are simply superb. They also provide support in setting up vending business from scratch.
Labels: planet antares, planet antares vending
Vending is your way towards financial success
Financial success in your business brings a change in your living. Several successful vendors credit their financial relief to vending. A department of commerce study revealed that fewer than 5% of new vending companies fail each month as compared 65% failure rate by the Small Business Administration. It is a very profitable business. Starting a Planet Antares vending business is the best way to experience financial achievement.
You are free to choose your own working hours in vending, as you are your own boss. The main motivation of getting into this business is “money”. Vending allows a person to invest 10 to 20 hours per month and get a return on money invested 100% to 200% in the first year. Your income from your Planet Antares vending machine starts as soon as your machines are on location. With this cash business there are no bad checks or collection problems to worry about.
Even the worst economic downtime has not been able to shake the profit ratio in this business. Money follows financial independence. You can use your home as your office which allows possible tax write offs that other people never receive. Overheads are next to nil and the earnings are completely yours. Here are some industrial facts about the income opportunities in vending:
-50 well located vending machines are worth at least triple the cash value of the machines themselves.
-Any business broker can sell a route for two to three times the route’s annual gross profit.
-Possibility of vending products is endless and thus revenues are unlimited.
Just about 70% of vendors start off on a part time basis while maintaining their regular full time job. 85% of them turn to full time vending after a couple of years. Planet Antares vending can give you that independence which most prospective business owners crave for. The greatest growth of vending is still ahead with constant investment in R&D by the biggest vending machine companies like Planet Antares. Technology keeps the consumers as well as investors curious and excited.
Consumers continue to want their products fast, in a convenient and economical way. Snack, beverage and food vending machines like those provided by Planet Antares continue to be most lucrative and stable in the market place. Vending is a billion dollar industry and still growing. Planet Antares allows you to control your time, money and ultimately your future.
Labels: planet antares, planet antares vending
Benefits of your membership with NAMA
NAMA is National Automatic Merchandising Association is the American national trade association of the food and refreshment vending, coffee service and food service management industries. The membership of NAMA is divided into various categories:
• Vending and coffee service and food service operator membership
• Supplier membership
• Machine manufacturer membership
• Distributor membership
• Broker membership
• Subscriber membership
• Sustaining membership
The aim of NAMA is to promote honest and ethical vending operations. All those organizations or individuals who are associated with it are highly trusted by the consumers. It is important and beneficial for Planet Antares vending operators to be a part of this organization. NAMA has contributed in improving the vending industry’s image and increase the level of professionalism. As a member you will automatically be entitled to several benefits:
• You will be able to show your accounts that you are honest and ethical
• You can maintain a transparency in accounting
• Improve your performance and success
• Network with industry leaders
• Move along with trends and technology
• A complete marketing support
• Expert tips, advice and consultation on various topics
• Training and practical guidance of the industry
Planet Antares strongly recommends the operators to join NAMA and bring stability and growth in their vending operations. Solution to all your problems and queries lies with the expert team of NAMA. Your vending business will achieve great success because of high visibility and excellent vending services. As a member, follow the code of ethics laid down by NAMA and see your business booming.
Labels: planet antares, planet antares vending
