Make More Money With A Newer Vending Machine?

There are many elements to consider in the vending machine business so that you can be successful. One area of controversy has to do with the look of the vending machine and the relationship it has on price. I have been curious about it and from my own observations I didn't see that it was the main indicator that people were looking for. Of course I didn't do any real research but I am a people watcher.

You can certainly make money with a plain looking vending machine though. What you will need to do is to compare the numbers. While you may get more sales from the pretty new vending machine with all of the features, how much of it is going to be profit? If it will less profit than you get from the basic looking ones then what is the point? Too many people don't take the time to look at these facts though and that is where they get themselves into trouble.

When there are many vending machines in a given area it does seem like people go to the pretty ones. For example at our local Wal-Mart there must be at least eight of them that sale soda and water when you walk in the door. They have a new one where the soda that is on the front of it is in 3-D so it changes from a closed can to one that is open and refreshing. This is a type of advertising that is getting more sales for that vending machine than those plain ones next to it.

You will find many manufacturers of vending machines and sellers of them will take this angle. They want to sale the newer vending machines so they explain to potential buyers that they can attract more customers by having a colorful vending machine or one that shows the item being carried down to the dispenser.

Having an attractive vending machine such as these is going to cost a lot more money though. That is really something you will have to consider before you invest in one of them. Why pay thousands of dollars more for the look of the vending machine and then have less profit? Of course the image of something is very high profile in our society so that is where this concept comes from.

It comes down to being your decision but don't let the look of it be the only influence of your decision. It could be one you end up regretting in the near future. When you are evaluating the locations to place your vending machines you may want to take a look at what your competition will be. It is best to get a good location where no other vending machines are at. Yet this may not be possible and you can't control someone else wanting to place theirs next to yours later on either.

Do you think you can compete with how they look? Definitely something new to be thinking about in the vending machine business. Of course the goal is to find places to put them that will get plenty of business AND you don't have competition around for it to matter.

You need to focus more on the reliability of the vending machines you have than anything else. This is what will keep your customers happy and coming back again. Wash the outside of the vending machines on occasion to remove dirt and debris. Make sure you replace anything that is broken even if it is only cosmetic in nature. If the lights are burned out it can give customers the impression that your vending machine isn't working.

Article Source: http://www.myaddirectory.com

Robert Farnham built a profitable vending business after starting totally the wrong way. He now writes about building a vending machine industry and the pitfalls to avoid. Visit his website at My Vending Uncle for more.

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