Competition In Vending Industry

It is not exaggeration to state that very few businesses are as competitive as vending industry. With increasing demand for vending machines, more and more number of operators is keen towards starting this business, the end result being severe competition in the industry. Withstanding this competition is toughest challenge for any operator, for this one has to concentrate more on providing better service to their customers and have to make regular note of their changing tastes and preferences.

One of the most ideal ways of sustaining competition in vending business is by understanding your target consumer pulse i.e. their preferences and thus providing the best sales and after sale service with minimum response time. Vending is undoubtedly fast changing business that is continuously affected by changing times. Besides competition for similar operators, retail outlets and shopping malls also compete with vending operators.

What can be does to sustain this competition? Here are few tips that can help an operator withstand competition.

• Specification: Try to be specific in what you sell. Do not vend more than what you can manage. Concentrate on few products and switch to bulk vending if possible for better results.

• Ability to offer at lower or reasonable prices: Since the establishment and running costs of vending business is low in comparison to other business models. This business also does not require you to hire sales personnel and being a complete cash business, there is no scope for bad debts. These benefits allow you to price products at lesser price when compared to other shopping malls or retail outlets.

• Vending has gained huge popularity among people who hardly have time to wait in long queue for billing or purchasing products. This machine provides you with the convenience of pick and go. So ensure that you stock your machine with sufficient quantity of stock. This will help boost your sales.

• Always prefer latest and new machines. Discourage used or refurbished machines. New machines from trusted manufacturers like planet Antares are more reliable and ensure smooth operations.

• Appropriate marketing strategies. Provide discounts and special offers that can increase your sales.

• Prefer glass front vending machines from Planet Antares when compared to closed ones. These machines enable customers to see the products which they would be purchasing. Not only this, glass front machines help you in identifying outdated stock which can be easily removed.

Why Should You Take Up Vending Business

Most of the businessmen aim to make money faster without spending much from their pocket or without investing much. Wondering which business it could be? It is one business which almost all of us are familiar with. Our day starts and ends using it. Any guesses? Yes, it is Vending business.

Vending is a great way to make easy cash. How? Because when you are in to this business you need not worry or wait for cheques or payments being realised. Since this is an all cash business there is no scope for bad debts. In fact you get paid immediately for every transaction that takes place in your machine. Also you need not wait for your boss may be to give you a pay hike or pay you for the month. A pay hike is seen every time you place a new machine in a new location.

Vending is a billion dollar business and at the same time one of the simplest businesses where anyone irrespective of his individual qualification is capable of earning a six digit monthly income. Some aspects of this business that makes it very popular among operators are mentioned below:

• Profit margins: This business gives high profit margins. You can purchase a product at low price and sell it with huge margin.

• Flexibility: No other business gives you this kind of flexibility. There are no fixed working hours. All you need is to spare few hours a day for restocking the machine and servicing it.

• Salesmen: You need not hire any sales staff. Sales are completely done by your vending machine. Hence you are free from labour issues.

• Additional costs: In case you are vending branded items, you need not incur huge advertising costs as the company would take care of all that. Even otherwise, most of the advertising is done by customers through their word of mouth.

• Revenue: This business starts generating revenue from the very moment you set up your machine and fill it with sufficient quality of stock.

• Similar to other business, vending also gives you tax exemptions and benefits.

For more information get in touch with Planet Antares staff and get all the information you need to get started.

Why Glass Front Vending Machine?

Vending machines have been through a very long and rigorous journey before they reached their present state. As people started accepting these machines, several new variants have been introduced. To begin with Drop shelf machines were first introduced solely for the purpose of selling single products. This was later followed by Electronic drop shelf machines and glass front vending machines.

Glass front vending machines are latest entrants in vending industry. These are highly beneficial when compared to close one. Some of these benefits are:

• Glass front vending machines are capable of generating more sales when compared to closed ones. The main reason being, customers can view the products they are about to purchase. This can stimulate impulsive buying.

• Glass front machines come with attractive features like LED illuminated motor, pull forward trays and refrigeration units.

• These machines are capable of selling more products in smaller shelf space when compared to the traditional drop shelf machines.

• There is more scope for customer interaction in glass front vending machine when compared to closed ones.

• Glass front vending machines come with advanced technology like electronic tracking. This prevents unnecessary wastage of stock.

• Customers have a wide variety of items to choose from.

• Glass front vending machines are best suited for vending branded products.

Besides the benefits they offer to the customer, operator also gets benefited from these machines. The first benefit being, operator can market more products in lesser shelf space, reduce promotional costs by vending branded products and identify products that have crossed expiry dates. Not only this, operator can easily identify slow moving products and replace them products that have high demand

So, in case you are planning to start your own vending business or expand the existing one by adding new machines, buy a glass front vending machine now.

Planet Antares manufactures state of the art glass front vending machines for its customers.