Tips On Finding Most Profitable Location For Vending Business.
Vending business is all about finding a location with high traffic and stocking right type of products in vending machines. Finding a vending location is one of the most important tasks which would ensure roaring success for your vending operations. Below are few tips that would help you to choose the right location for your vending operations.
1. A perfect location would be the one that has high traffic. Locations like gyms, amusement parks, stadiums, office complexes, parks, shopping malls can be ideal locations for you to generate high profits through vending operations.
2. A location should be as such where visibility of your vending machine is high. People passing by should be able to clearly see your vending machine and products stocked in it.
3. The location should be safe from security point of view. You should not place a vending machine at vulnerable areas where security can be a threat.
4. The new location for your vending operation should fit in your existing vending route plan. You should try to secure nearby locations as you can easily refill/ service vending machines there.
The moment you are able to secure the right location, the next step you should do is to find the right vending partner. Planet Antares Inc has reasonably priced vending machines suited for all locations. Excellent after sales support by Planet Antares ensures that your vending business runs fault free round the clock. Planet Antares also provides tips and advice on securing locations for vending business. So what are you waiting for, kick start your vending business with Planet Antares vending machines.
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Increasing your vending sales
Sometimes you might need to experiment a little with the positioning of your vending machine to increase the sales of your vending machine. You must choose a spot where your machines can be seen. There can be strange things that can happen upon placing your machine at a particular location. At times it has been witnessed that an ordinary location has been turned into an excellent location and vice versa. Here are some places where you can place your vending machine
- Next to entrance
- Near Exit
- At corner shops
- Just in front of rest rooms
- Next to break room
- Next to change machine
- Next to cash register
- By the receptionist
- Next to other vending machines
Placement is just one point; you may also need to try selling different products in your vending machine till you find the best match. You must remove poorly selling products with new and better forming products. T has been advised by experts that we should only use branded products in vending machines. This is because people tend to relate themselves easily with them and also it is beneficial for your vending machine as you will not have to worry about advertising. People already know about these products moreover your worry about quality of products will just vanish.
There will be times when you see that in spite of having good products, your sales are not increasing, this is the time to change your location. Sometimes just turning the machine to front may result in increase in sales. However if nothing works then select another location. Take help of Planet Antares staff if needed.
Last but not the least, make sure that your vending machine is clean. Customers do not want to buy product from a machine that looks dirty. They are scared that if the outside of the machine is dirty, the product might be stored in the same condition or the products inside are probably stale whereas, a shiny recently polished machine draws attention to itself. Customers are more likely to use a machine that attracts them. It is all about packaging. Better the packet, more buyers it will attract.
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Choosing Appropriate Vending Machine Is Crucial
Vending machines provide convenience to customers as it reduces your waiting time. You no more need to stand in long queues for hours together to buy a product or pay bills after purchasing a product. All of us start a business with the aim of making huge profits. The kind of product and the mode of sales also influence our revenue.
After deciding on the kind of product that is to be sold, the next most important step would be to choose a machine that matches your requirements. Choosing a vending machine is not as easy as it may sound. Some groundwork needs to be done before buying the machine.
Few tips for choosing a vending machine
- Monetary constraint: what are your budgetary limitations? If you are not willing to invest more, then buy a small machine i.e. may be one that can sell gumball candies or nuts. As version of machine increases, so does its cost. You can also get great deals on vending machines from Planet Antares; you should get in touch with them too.
- Start small: It is always wise to start of in a small way. For instance: purchase just a couple of machines in the start. This would cost less and at the same time you can experiment on it. You can work around with those machines and optimize their performance, and can expand to more number of machines.
- Products offered: what are the products offered by you? Is it a branded one? If yes, then a vending machine with front glass would be ideal. This would provide customer with an option to choose.
- Customer base: Whom are you targeting at? If your customer base includes children or teenagers, then the machine should include some flashy lights or animations to attract them.
- Stock: Machine should be such that stock levels can be verified easily and replaced whenever needed.
- Size and style: Size and style play a vital role if you are using a candy vending machine.
- Safety norms and standards: Is your machine designed in such a way that it meets all the safety norms.
- Simple and complex: Vending machine should be very easy to operate and at the same time should be very difficult to tamper with. This avoids fear of theft.
After realizing the importance of choosing the appropriate vending machine, do not get carried away by those attractive ads. Choose a brand new vending machine from Planet Antares and make the most out of your investment.
Common Mistakes While Choosing Products for Vending Machines
Choosing products for vending machines is one of the most important parts. Unlike location and vending machines selection, product choice is a regular concern. After you have found a location with high traffic, and you have chosen the most advanced vending machine, the only exercise that remains is selection of products for vending machines.
As an operator, we should try to give the best to our customers. While making selection for products, the most common mistakes made by vending operators are:-
• Choosing Inferior Quality Products: To make few bucks more, vending operators do tend to be lured to choose inferior quality products. For successful business, you should always stock your vending machines with quality products. Inferior quality products will not only make you lose customers, but also may land you in legal issues.
• Selecting Products That Are Not In Demand: You should not purchase products that are not in demand by customers. You should find out customer’s preferences and should plan your product selection accordingly.
• Buying Products in Small Quantity: When you buy products in small quantity, you are charged more. To stock your vending machines, you should purchase products from wholesalers/ distributors in bulk. This will increase your profits.
• Not Negotiating Return Policy for Perishable Products: For products that are perishable, you should try to negotiate a return policy with the supplier. After the shelf life of products get over, you should try to get a replacement for the unsold products.
• Not Choosing Variety of Products: You should always stock variety of products in your vending machine. Stocking similar products may not be a good idea as you may not be getting customers with same taste. Moreover customers look for variety while choosing products from a vending machine.
For complete guidance on products selection to choice of vending machines, contact support staff of Planet Antares. They not only provide remarkable vending machines, but also provide guidance to setup vending business from scratch.
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