Elements Of Vending Machine Sales

If you don’t pay attention to the different factors affecting your vending business, it will be very difficult to predict the sales from your vending machines. The determinants of your vending machine sales include the kind of machine used and the locations where these are installed.

How much initial investment is required will depend on the kind of vending machine you buy. These may be low priced, small machines or more expensive, large machines. It is not necessary that a larger vending machine will generate more sales than a smaller one. However, your vending machines should possess the ability to generate enough revenue to cover your cost of machines and the products as well.

While the investment in a new Planet Antares candy machine will cost you around $300, used vending machines will be available for much lesser than that. This will be accompanied with the product cost which could be anywhere from $50-$100 at one time. If the candy is priced at 25 cents each, your vending machine will be able to generate sales of approx $215. From this amount, you will have to pay commission to the business owner for keeping your machines. This is usually around 40% of sales. After such deduction, the remaining amount will be your business profits. So you can earn reasonably well from even a single vending machine.

Select a good location to keep your vending machines and ensure vending business success. Assess the target customer preferences, popular products and busy areas in your region. Check the safety level of different locations to avoid vandalism and theft. To start with, place your machines in a nearby area to enable easier servicing and money collection from the vending machines.

Over a period of time, you can shift to customized machines to attract and satisfy larger number of customers. Another way of increasing sales is to increase the number of high-priced products being dispensed by your vending machines. Multiple payment options allow a large number of people to use the vending machine.

Apart from these factors, other elements may also affect vending machine sales. You should ensure that your vending machine is in top condition, stocked with high-quality products and located in good places.

Planet Antares Inc is a reputable vending machine provider that offers reliable vending machines and other services like locating, refilling and repair for your vending machines. Do your homework and compare various sources to get the right vending machine for maximum sales and profits.