Monday, April 26, 2010

Factors Influencing Success of Planet Antares Business

Success of vending business is influenced by several factors. The kind of machine you purchase, the products you offer, the customers you target, and location in which you install your machine and most important of all the kind of services you offer to your target customers.

  • Keep a check on your costs: Though the initial set up cost is very low when compared to other businesses, there are several other expenses like merchandise, maintenance and repair costs which you need to take into consideration. But a close and watchful eye on these costs can keep them under check. Regular checks on the stock will prevent pilferage and wastage. On the other hand prompt servicing will ensure that the machine functions properly without any break downs.
  • Machine Used: Vending operator has a wide choice when it comes to purchase of vending machines. Several models of vending machines are made available in the market in various shapes and sizes. Whatever may be the case, it is always advisable to start your business by purchasing a new vending machine of reputed brand like Planet Antares.
  • Products offered: Modern vending machines are capable of dispensing almost everything. When finalizing a product to be dispensed in your machine, operator needs to consider latest market trends, customer tastes and preferences and most sort after product.
  • Location is crucial: Nothing is more crucial than locating the vending machine. If you think that locating your machine in schools or college will work miracles for you, then you completely mistaken. You need to look out for places where foot fall of customers is very high or identify places where people stand in queues waiting for something. Avoid locations which already have stores selling the same product. You also need to consider availability of power supply depending on the kind of machine you use and the product you vend.
  • Service is the key to success: This is a customer driven market. Customer satisfaction will influence the survival of any business. You might have come across few vending business that failed because they were unable to offer good service. Often they neglect to refill their machines with stocks or forget to gather cash from the machine so customers cannot buy anything and sometimes they do not maintain the machines properly. All these spread ill will among customer and they resist from themselves from revisiting the machine.

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