How To Deal With Competition In Vending Business
Competition in vending is limited to securing the best location. It could also be possible that your competitor also secures a location right next to you. To overcome the competition, you would need to be a little proactive. First of all you need to equip yourself with complete knowledge about your competitor’s strategies. Once you have an idea of what your competitors strategies are, then you need to make some changes in you own vending business. Below are few tips that will ensure your success over competition:-
• Vending Equipment: Latest and innovative vending machines should be your success mantra. These latest attractive machines with their stylish looks get easily noticed by customers. Such machines create an urge in the customers and thus increase your sales. For instance: Planet Antares Glass front vending machines can be singled out easily even in a large crowd.
• Technology: Including high tech products in your business is another easy way of driving sales. Customers have adopted vending machines because of the convenience it offers. Efficiency accompanied with latest technology is a great feast to all customers. Moreover recent technological advancements like automatic temperature control units, telemetry and vending software have been well accepted by customers across the globe. You can find the latest technology vending machines at Planet Antares. All you need to do is to call up the sales staff and they will brief you about the features and benefits of vending machines manufactured by Planet Antares.
• Quality products: Stay ahead of all your competitors by offering the finest quality products to your customers. Create a special place for your vending machine by catering to specific needs of customers. Try to vend nationally renowned brands using your machines. This will help in building a strong image for you in the market. Be watchful of your competitors and their pricing strategies. This will help you in fixing highly competitive prices for your product there by increasing your sales.
• Customer service: The last and most important point is customer service. Customer service plays a vital role in vending industry. A customer would always like to be associated with a company that offers best products and services at reasonable prices.
Following these simple guidelines will help you stay ahead of competition always. To know more you can also contact support staff of Planet Antares. They have unique program through which, they educate operators on how to be successful in vending operations.
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Vending Machine And Its Advantages
Vending machines are developed as a result of demand from people and technological advancement. Taking up vending business is turning out to be very lucrative. Several types of vending machines starting from coffee machine to industrial tools vending machines are available in the market. These machines offer lot of convenience and help in saving valuable time of customers.
There are several advantages of using vending machines. Few of them have been listed below:
• Customers will be able to purchase products of their choice without waiting in long queues.
• Vending machines can be placed in areas where there is no sufficient space for establishing cafeteria or malls.
• The cost of establishing vending business is low when compared to other businesses.
• You need not employee anyone as machines are you employees that handle both sales and collection of cash.
• There are no set working hours. A vending machine can operate 24 hours round the clock and earn you income.
• These automated machines enable strict control on inventory.
• You can start earning immediately after installation of machine. Revenue starts flowing in from day one.
• Branded products can be sold easily using these machines.
• Front open vending machines are available which are most suitable for selling multiple products using single machine.
Miniature front end embedded computer is latest advancement which is used for industrial device networking applications. This provides vending machine manufacturers and maintainers a competitive edge. Programmability is the main advantage of MOXA. System designers can write programs that can control operation of vending machines. This technology helps in fixing problems related to maintaining temperature in vending machines and automatically notifying management when problem arise. It is very useful for coffee, candy, snack and soft drink vending machines.
This program is also used to monitor the quantity of items dispensed by the machine and helps in replacing product before they become are outdated. Controlling temperature guarantees customers of the quality of product. So all those who are eager to get into vending business can reap higher profits using this latest technology. Planet Antares manufactures vending machines equipped with latest technology. Contact sales staff of Planet Antares to choose from remarkable range of vending machines.
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Importance of product selection in vending
Once you know you have a trusted partner like Planet Antares by your side and a good vending machine on a good location, you will have to still make sure that you have the tight and quality products that would meet the demand of the customers in the area you are targeting.
Underneath, we will discuss about the selection of products for your Planet Antares vending machine. Here are some points that you should always keep in mind while making your product selection.
- Which brands are preferred in your target location by your customers?
- Eye catching packaging tempts the customers to buy
- Figure out which products offer higher margin
- Choose products which have longer shelf life
- Never compromise on quality
- Product selection should be made in accordance to the payment capacity of customers in the area.
You can always take a survey in the target location of customers to know their preferences of brands and then stock your vending machine accordingly. This can be an important point as there are some products which may sell more in health clubs and might not sell at all at a school. You must note that getting the right product in the machine will determine your sales and profits , so just don’t take it lightly.
Offering range in a single machine attracts diverse customers. Category Management is a key to success. An extensive set of choices will definitely maximize sales. Most popular product categories are salty snacks, gums, cookies, chocolate candies, and healthy snacks, hot and cold beverages. Accurate product selection will help in maximizing sales and build repute in the vending market.
Vending right products using Planet Antares machines will involuntarily set a positive representation in the consumer’s minds. Planet Antares is a brand name in itself. Your future in the vending industry is definitely bright with Planet Antares.
Vending as full time business
Recession has left many jobless and under debt. People who thought stocks to be a profitable investment have lost millions. In such disheartening times, one looks forward to an opportunity that will not only provide complete financial freedom but also is easy to manage. Vending as a business has been accepted by people across US as an alternate source of income. In recent years, vending has grown to be one of the most lucrative and profitable businesses around. Today, vending is more than $40 Billion industry and is still growing at a fast pace.
Along with normal job engagements, people have opted for vending as a part time business. Being an easy business to manage and operate, vending has grown in popularity. Vending business can be started from one or two vending machines. All you need to do is to find a good location with high traffic to install them. Once you do this part, all you need to do is to refill the vending machines at timely intervals.
Returns from vending machines are so amazing that people reinvest the money earned into buying and installing even more vending machines. From one or two vending machines, you can easily grow into a full time vending tycoon in no time. To manage a large fleet of vending machines, you may need to hire couple of professionals. You may need to plan a vending servicing route. Being into vending as a full time business opens doors not only to financial freedom but also you can be your own boss with your own work timings. With vending machines working 24 hours a day for you, you won’t have to worry about recession and its after affects.
Plan to start a vending business? If yes, then you should consult experts from Planet Antares Inc for setting it up. Planet Antares Inc, not only manufactures one of the most advanced vending machines but also provides complete assistance in setting up the business from scratch. With unmatched after-sales-support, Planet Antares can be regarded as a trustworthy vending partner.
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