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How to increase your Vending Revenue

Whether your vending machine business is a success so far or otherwise, there’s always room for improvement. In this article, we offer some pointers in increasing the revenue generated by your vending machines.

  1. Monitor market trends

    2. Part of being successful in this business involves regularly monitoring what’s going on in the general marketplace. Go around town and take a look at some of your competitors. What type of items have they focused on? Are they drawing in customers? One recent trend to watch is the growth in popularity of “healthy” foods being sold in vending machines. If your candy sales are falling you might want to consider selling healthy snacks instead!

  2. Review your locations

    3. The vending machine business has the reputation of being “hands-off” – meaning that revenue is generated like clockwork after you’ve set up your machines. While this is partly true, you do need to keep an eye on how each machine is doing. Which area, if more than one, is progressing and which are not? If a particular machine is consistently faring badly then it is very important to find the cause of the problem and resolve it as soon as possible. You may find that moving locations will considerably raise product sales.

  3. Replenish product stocks in your machines

    4. Good stock management is vital for both maintaining and increasing revenues. If your machines are constantly out of stock you are leaving money on the table. Customers will tire of using your machines and may end up going elsewhere.

  4. Keep your machines in good condition

    For a customer, there is little more annoying than having money disappear inside a vending machine. Complaints can be a major headache for you and your employees. Instead, keep ahead of potential problems by servicing your vending machines on a regular basis. Your reputation depends upon it.

Vending Machine Benefits In The Workplace

A company that keeps its employees happy is more productive overall and can more effectively meet the demands of the marketplace.

While benefits and other significant perks are a main focus for most businesses, smaller areas, such as an employee break room that offers nutritious foods, can also be perceived as important.

Employees usually need a nice, convenient working environment in order to concentrate on work, and spend less energy on decisions that support their general well-being. This is the reason that parking and other basic needs are usually important features of a positive work culture.

In the case of an employee break room, having a positive environment that offers nice decor, ample seating, and a comfortable space for either sitting alone or gathering with a colleague or two over a beverage or a quick meal, is important.

A break between work that recharges energy, gives an employee social support and offers a source of pride is a great gift for your workforce that can establish trust, reduce employee sick days and turnover, and increase your bottom line.

Vending Machine

A vending machine in a company break room is a primary source for snacks and even meals for many employees. While foods are also often purchased elsewhere, the convenience of on-site vending snacks and meal-friendly foods frequently becomes a staple for those working hard and requiring nutritious support to bring them to the next meal. In some cases, selections in a vending machine can actually offer meal replacements, which is a great time save that need to remain on the company grounds between meals.

Your employees may be eagerly anticipating the next vending machine selections that you choose.

Selecting snacks that provide nutrition, such as yogurt, cheese, pita chips, and sugar-free or low-sugar beverages, such as Vitamin Water, can support a healthier culture and extend productivity. If you instead stock a vending machine with mostly sugary snacks and offer fewer healthy options, it could affect the attention span of employees, and even their health.

A vending machine is traditionally considered a source of junk food, but the image and available food options is changing. Stocking an employee break room drink vending machines with tea, water and seltzer water, and a snack vending machine with fruit, and savory healthy foods will help show that the company is supporting their well-being and is aware of the leading health trends.

Get Ready For The Vending Business

Vending machines have proven to be a popular venture project for many people out in the market. This is because the business itself is low cost and need minimal maintenance. If you are thinking about starting a vending business, think about these three questions to aid in your decision making.

Choosing the Right Vending Operator

Different vending machine operators have different rules. Some work as a franchise while other provide an easy business opportunity. The most important thing is to do your research and find out what is the best fit for your business ideals and perhaps your personality as well. Although you will be your own boss, how successful the vending operator is can also determine your success.

Investing in Supplies

For a vending business, your food supplies are the most crucial. Vending owners need to decide if they want to provide healthy snacks, delicious snacks, entrees, drinks or even the simple gumballs. There are a large range of products you can be selling. Each of them can further produce different results in different locations, depending on the market.

Identifying Potential Locations

Everyone wants to place their machines in high traffic locations. However, this can also be highly competitive. We suggest identifying a few target markets and study them. Find out where these people usually head to. Understand the times they usually head out to purchase food and drinks. When you conduct further primary research, this will help you identify the best locations.

Being your own boss can be challenging with lots of things to think through. However, the vending machine business can free up large amount of your time to help you lead a life you always wanted.

Step By Step On Moving A Vending Machine

Moving_Vending_MachineHere are the step by step basic rules that anyone can apply when moving a vending machine!  It is best to have 2 or more people do this job to keep things simple and injury free.

  • Empty the vending machine.

Always empty the vending machine before you plan to move it.  Take out all of the snacks, drinks, and change from the machine.  You do not want them to get disorganized and potentially break and make a huge mess!  Taking the extra few minutes to do this will save you from cleaning up a broken can of spilled beverage everywhere!

  • Measure doorways and hallways

Make sure your vending machine will fit through any doors and hallways that you are planning to go through.  You may have to take off some doors to go through them.  If you do, make sure you bring the proper tools to pop those doors easily.  Doing this will make sure you do not damage any areas with your vending machine.

  • Tie up the power chords

Tie the power chords of the vending machine with regular plastic twist ties.  You do not want to accidentally run the chords over with your dolly or step on them and potentially fall.  Take the time to wind them up neatly so they are out of the way.

  • Have a furniture dolly

furniture dollyIf you have a regular dolly, you can go ahead and use it to move your vending machine.  But you will also need a moving blanket and a strap to tie the vending machine to the dolly.  Using a furniture dolly is the easiest way because it has 4 wheels and the vending machine can be placed on it without the potential of tipping in a direction that you do not want it to go.  Once you have the vending machine securely on a furniture dolly, you can literally wheel it anywhere you want it to go.

  • Wipe down machine

Make sure you wipe down your vending machine once you place it in it’s new home location.  Wipe away hand prints and any dirt or debris that may have landed on your vending machine.  Make it look new and fresh and it will be ready to serve it’s new customers.

  • Refill machine

securedownload_3Refill your vending machine with fresh snacks and drinks.  Make sure all of the prices coordinate with the items and make any changes if necessary.  Fill the coin changer (if applicable) with change so the vending machine is ready to operate.

  • You are ready for business!

How To Get Financing For Vending Machines

cash images (2)Financing programs commonly used for people who are interested in purchasing multiple vending machines.  Some of those folks are vendors who are already in the business looking to expand; or they are individuals looking to run a small route in their area to supplement existing income.  Vending is such a easy business to get into that many people look for this opportunity.

First, you will need some funds for down payment.  Whether you are financing 5 or 50 vending machines, you will need to allocate some funds for down payment.  Most financing companies will require a down payment for your loan.  It is very standard practice and the amount depends on the number of machines you are financing and also your personal credit score.  Most financing companies will not finance a loan of less than 5 vending machines.

Second, you will need to figure out how much capital is necessary.  You will have to calculate the type of machines you are looking to purchase.  Don’t forget to calculate costs for sales tax, shipping and freight charges, and product supply purchase.  Take a look at some of the varieties here and decide what types will work best for you.  You can finance both new and used vending machines.

Last, take a look at your credit score.  Order your credit reports and make sure you do not have active delinquencies on there.  No finance company will approve someone with open delinquencies!  Take care of your credit!

You can contact Piranha Vending and we will help you go through the entire process!  You can also go here and apply for financing online.  We will contact you and discuss your individual needs and help you get the funding that you need!

Contact Us

Piranha, LLC
50601 Central Industrial Drive
Shelby Township, Michigan 48315, USA

Email: piranhamfg@gmail.com

Phone: 800-764-8245 * 586-997-1212

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