Planet Antares Is A SCAM – Avoid Them

Tips For Moving Your Vending Business

Once your vending business gets well established and starts generating revenue, you will feel the need to move your vending machine business out of home and into a separate building. When you are planning to do this task, ensure that you have estimated the cost of doing the same accurately.

To avoid excessive costs of moving your vending business, you must keep various factors in mind. These mainly include the following:

#1: No matter what kind or scale of vending business you run, it’s imperative to analyze the requirements for future growth and plan your expansion process accordingly.

#2: You’ll need to diversify the account base to enable different types of businesses to be your clients. This is preferable to having a single account representing a big part of your total sales.

#3: Get ready to keep extra space for inventory as your business grows. To cater to a larger customer base, you will need to maintain higher level of stock of various products.

#4: You also need to decide about the size of the building you want to rent by taking into account the time for which you want to stay in the facility and required speed of growth. This will directly affect the kind and size of building as well as associated costs.

#5: To get good results, you must control your costs, effectively manage product inventory and fix adequate vend prices to get a suitable profit margin too.

It’s important to focus on business basics. For example, you can sell high quality products and earn more by keeping customers happy and satisfied. By concentrating on achieving higher sales per week per route can help you earn a profit margin of upto 50 percent. You need to have a sound time schedule and plan to fill and service the vending machines only when required.

If you are going for superior quality, reliable vending machines like Planet Antares vending machines, you can make higher profits through quality customer service. While choosing locations for moving your Antares vending business, check the pros and cons carefully.

Focusing on the cost alone is not enough. You may get a highly affordable location in a far away town but the additional costs may be much higher. This includes transportation, taxes, and setup expenses among other things. It may be a good idea to find a slightly expensive location in your area instead.

Shifting to a new location for expanding your vending business requires prudence and careful analysis of all the above factors. If you make a hasty decision, you may have to suffer high cost of operations or even losses due to such a wrong move.

posted by Larry Bunker @ 7:52 AM 0 comments

Things You Need To Know To Become A Vending Machine Operator

If you think that vending opportunity is the right business venture for you, take adequate steps to make it work for you. To ensure that you have a reasonable share in the $40 billion vending industry, you must research and understand the different elements of this business before making a decision to enter it. It is a unique way to make money with a self-selling product.

To begin with, the best vending machines will be the small candy, gumball or toy vending machines hat can be bought for very less amount and located easily. These are also simple to maintain and repair. If you are ready to make a larger investment, there is an option in good quality snack or soda vending machines like Planet Antares vending machines. Snack vending machines are available in a wide range of sizes, shapes and styles. While some require very little floor space, others can be hung on the wall. You can also buy manually operated vending machines or go for electronic vending machines.

Once you have decided about the type of vending machines to be purchased, select the products to be dispensed. Study the customer requirements in your area to determine the best product to be sold. Also, you must prefer best selling items so that your vending machines start making money right from the beginning.

It is best to get vending products from a supplier that offers it at wholesale rates. You can also find vending product suppliers online and compare them to find a good bargain. If your supplier allows you to buy merchandise at cheap prices, you can fix a higher profit margin on goods when selling them finally.

You should not get into a vendor franchise offering a single item. If you offer variety to your customers, they will prefer to use your vending machine again and again. To start with, offer a combination of conventionally popular products and the latest bestseller.

Other than this, there are other things required for setting up and running your vending business successfully. These include the following:

Business cards
You can buy low cost business cards to start your vending business with low investment marketing. There is no need to spend excessive money on your business advertising because your vending machines will do it themselves.

Postcards advertising
You can mail postcards to local businesses that you want to target as potential locations for your vending machines. This will help to convince them about the advantages of keeping your equipment in their premises.

Apart from this, you will have to enquire about the license and permit regulations applicable to your business. Also, keep an eye on the vending routes available for sale in your area to start a vending business.

posted by Larry Bunker @ 4:26 AM 0 comments