Tips for Starting Vending Business

Vending is the only business venture that gives you flexibility of earning either on full time basis or part time basis. This is in fact one of the fastest growing business models across the globe. Since its inception, this industry has been skyrocketing providing decent number of employment opportunities to several young and enthusiastic entrepreneurs.

In case you are novice starting this business for the first time then you need to be very careful in your approach.

Market research: Before taking up any business, you need to conduct a thorough market research. This would help you in understanding the demand for the product you are going to offer, present market scenario, existing competitors and their strategies.

Product: There are several products available in the market. Look for products that have maximum demand and offer them in your machine. Try to vend products targeted at kids as they can bring in quite a lot of money. Once you have decided on what product to sell, its time to select a machine suitable for vending that particular product.

Machine: Always purchase new machines of reputed brands like Planet Antares as they come with latest features, warranty period and also have low operating cost. Now, since you have even decided on the kind of machine to purchase, its time to identify the best location.

Location: Choice of location is influenced by several factors. The kind of product you vend, the machine you use and your target audience. For instance if you are using refreshment drinks vending machine targeting children, it is ideal to locate in schools or near amusement parks.

Servicing and maintenance: Now that you have followed all the guidelines required, servicing and proper maintenance is the next and most important step. Ensure prompt servicing of your machines, empty the change drawer whenever they get full otherwise customers will have problem in purchasing products from you. Ensure that you dispose off outdated stock. This is very important in case you are vending medicines. Efficient and prompt servicing will attract more and more customers and thus boost your business.

These few tips if followed can give you huge success.

Advantage of Using Vending Machines

Why are people crazy about starting their own vending business? Vending machine business is the only business venture that encourages sale of products coupled with convenience to purchase on property. In other words you need not wait in long queues to purchase product of your choice. Vending trends have drastically changed over the past few years and with the advent of latest technology, management of this business has become lot easier.

There are numerous benefits associated with the use of these machines. The first and most important of all being adaptability. Almost all kinds of products are easily adaptable for sale in these kinds of machines. Snacks, drinks, toys, ice creams, candy and other food products are most commonly dispensed products. Besides these standard products, modern vending machines are capable of dispensing a wide range of products that include instant photos, feminine hygiene products, condoms, Chap Stick, pain killers and insurance policies. Nowadays these machines are even capable of dispensing DVD’s. Thus, offering a wide range of products for the operator to choose from.

Nowadays, vending machines from Planet Antares come with inbuilt technology that helps them prevent frauds using fake coins or currencies to a great extent. Some of these machines are also capable of determining the value of currency deposited and at the same time identify foreign coins of similar weight and size. Besides this, the laser lights fixed on the lower side of these machines confirms if the product has been dispensed or not. This development dissuades the attempt to tip the machine in order to get goods from it.

Dispensing change is another development in vending machines that benefits customers in several ways. Operators are even able to track the sales of individual products and thus identify slow moving products and replace them with fast moving products. In case you are looking for a stable income, start your vending business now.

For more information on purchasing a vending machine or starting a vending business, contact Planet Antares staff.

Why Vending?

• Instant cash flow: This is one of the few businesses that generate revenue right form the moment you place your machine. One of the main benefits of vending business is that your cash flow starts from day one.

• Complete cash business: This is an all cash business which means that there is no scope for bad debts and collection issues.

• Flexible working hours: Another amazing benefit is that regardless of what you do during the day, your machine works for you 24/7. As your machine takes care of sales, you need not worry about their supervision, training or motivation.

• High return on investment: The main purpose of any investment is to make money. This business provides you with high profit margins and greater return on investment. What else would you look for as an investor?

• Perfect business opportunity: No boss, No set working hours, No employees, No paper work and No territory limitations. Is this not interesting?

• Part time or full time: This business gives you the unique advantage of continuing with your main occupation and take up vending as a part time activity. In this way, you would be able to make additional income. However, if this work out well, then you can take up this business on a full time basis.

• No employee issues: You need not worry about recruiting, training and supervising sales staff as this business does not require any employees. Your machines are your sales force that does not require any supervision. Get more information vending business details from Planet Antares staff.

I am sure these benefits themselves are sufficient for stating why vending business has become so popular. Vending industry has been in existence for quite some now and right from day one this business has been booming. The best aspect of this business is that even during times of economic recession, this business was least effected and has been able to provide employment opportunities to several young and enthusiastic individuals.

Benefits Of Using Vending Machines

Vending is the only business that has been able to withstand all kinds of economic fluctuation. How is this possible? This is something we all would be curious to know about. Vending machines encourage sale of products coupled with convenience to purchase on property i.e. in offices or other business premises and thus translates in to steady sales even during most unstable economic times. Vending trends have drastically changed over the past few years and with the advent of latest technology, management of this business has become lot easier.

There are numerous benefits of using these machines. Some of them are- almost all products are easily adaptable for sale in this kind of machine. The most frequently sold products being snacks, drinks, candy and other food products. Besides these standard products, modern vending machines are capable of dispensing almost all kinds of products including instant photos, feminine hygiene products, condoms, Chap Stick, pain killers and insurance policies. Nowadays these machines are even capable of dispensing DVD’s. Thus, offering a wide range of products for the operator to choose from.

Modern vending machines come with latest and inbuilt technology which prevents frauds using fake coins and currencies to a large extent. These technologically advanced machines rfom companies like Planet Antares are able to determine the value of currency and at the same time identify foreign coins of similar weight and size. The laser lights fixed on the lower side of these machines confirms if the product has been dispensed or not. This development dissuades the attempt to tip the machine in order to get goods from it.

Dispensing change is another development in vending machines that has benefited customers in several ways. The latest telemetry wireless monitoring technology has been able to provide operator with wide variety of information that can aid in better services. Another significant benefit of this technology is processing of cashless transactions.

So, if you are looking at making a substantial amount of income, try vending. Since this is the only industry that represents a stable option in a slow economy.