Friday, March 05, 2010

Cut Throat Competition in Planet Antares Vending Business

As more and more individuals are taking up vending business, competition is increasing. Withstanding this competition and surviving in this market is the toughest challenge for any vending operator. In order to provide best services and satisfy customers, operators need to concentrate on providing better service to their customers. This is possible if and only if operators make regular note of their customer’s tastes and preferences.

The best way of withstanding competition in vending business is by knowing customer pulse. Vending is no doubt one of the fastest changing businesses that are continuously influenced by changing times. How to withstand this competition? This is a common question that haunts everyone. Here are few tips that can help an operator withstand competition.

• Specification: Try to be specific in what you sell. Do not vend more than what you can manage. Concentrate on few products and switch to bulk vending if possible for better results.

• Ability to offer at lower or reasonable prices: Since the establishment and running costs of vending business is low in comparison to other business models. This business also does not require you to hire sales personnel and being a complete cash business, there is no scope for bad debts. These benefits allow you to price products at lesser price when compared to other shopping malls or retail outlets.

• Vending has gained huge popularity among people who hardly have time to wait in long queues for billing or purchasing products. This machine provides you with the convenience of pick and go. So ensure that you stock your machine with sufficient quantity of stock. This will help boost your sales.

• Always prefer latest and new machines. Discourage used or refurbished machines. New machines from Planet Antares are more reliable and ensure smooth operations.

• Appropriate marketing strategies. Provide discounts and special offers that can increase your sales.

• Prefer glass front vending machines when compared to closed ones. These machines enable customers to see the products which they would be purchasing. Not only this, glass front machines help you in identifying outdated stock which can be easily removed.

Labels: ,

0 Comments:

Post a Comment

Subscribe to Post Comments [Atom]

<< Home