Immediate Cash Flow with Your Vending Business

The vending business is known to be a very lucrative business. This is because it is an all cash business that requires minimal investment. When you invest in Planet Antares vending machines, the next thing that you should do is look for locations for the vending machines. The location that you pick for your vending machines is very important for success of your vending business. With a good location, you should be able to see immediate cash flow as soon as you place the vending machines in the location.

Immediate cash flow should take place as soon as you have placed your Planet Antares vending machines in a profitable location. This means that the location that you pick for your vending machine has to be potentially profitable. To determine that potential of a location, you need to carry out research on the vending locations in you area by observing them. This will help you know the kind of locations you should go for and the ones that you should avoid. When you place you’re vending in the location that you have picked, there should be an immediate cash flow from day one. If this does not happen, then it probably means that you chose the wrong location.

To see immediate cash flow in your vending business there are three things that you need to get right from the beginning. These are quality vending machines, the right location and the right products. If you have all these, there will definitely be immediate cash flow as soon as you place the vending machines in the location. Planet Antares vending machines are quality vending machines. These machines are user friendly, durable and attractive enough to grab the attention of potential customers. When a vending machine is in a location is has to be visible to customers. This can only be possible if it is strategically placed and if it is attractive. The location that you pick has to have high traffic. This will increase the chances of higher sales.

The right product mix for a location is very important. In order to know which products to place in the vending machines, you need to find out which products are popular at any particular point of time. When you are new to the vending business, the first thing that you should do is find out the products that are popular with the public. These are the products that you should place in your Planet Antares vending machines. Product trends change over time and that’s why you need to keep up with the changes so that you always have winning products in your vending machines.

Immediate cash flow in your vending business would mean that you are making money right from the first day. If you are able to maintain this, you will be able to pay off the initial investment that you made for the vending machines. After that you will just continue to earn high revenue.

The Importance of Keeping Your Vending Machines Problem Free

A vending machine has so many mechanical parts that with use, will tend to be problematic. This is something that is unavoidable and it happens with all vending machines. Different vending machines wear out in different ways. The only way of stopping this from happening to your Planet Antares vending machines is to practice preventative maintenance in your vending business or to simply buy quality vending machines that are durable. A company like Planet Antares Inc. provides high quality vending machines. These are the kind of vending machines that will increase the profits that you will make in your vending business, since they will function practically trouble free and will always manage to cater to a customers demand.

The mechanical problems of vending machines are some of the reasons why vending businesses sometimes fail. A vending business will work so long as the vending machine works. That is why it is important that you go for quality vending. These vending machines are well engineered to avoid mechanical problems and are also made of strong bodies that are durable. Strong body parts of the vending machines are important because with vending machines there is always some wearing out that occurs because of vandalism and aggressive handling of the machine. These kinds of occurrences can really cause some serious damage to vending machines, which can put your vending machines out of service for some time as well as cost money to repair.

There are several problems that customers usually face when they use a vending machine that has some mechanical problems. The merchandise sometimes can sometimes refuse to eject from the vending machine or a customer’s change can decide not to come out. This would be a terrible inconvenience to customers and at the same time frustrating. The purchases that will be made from your Planet Antares vending machines have to be successful purchases since they are the ones that make money for your vending business. If the vending machine is out of order, you will lose business for the days it doesn’t function. At the same time if customers find the experience with your vending machine frustrating they will avoid your vending machine in the future. This automatically translates into lost business.

Preventative maintenance of your Planet Antares vending machines is the best way to avoid malfunctions. It is a way of avoiding trouble before it starts. Make sure that you keep all the mechanical parts well lubricated and the vending machine well adjusted so that it can perform 24 hours, seven days a week with no trouble. You can also call on a mechanic to check up on the machine once in a while. If there are any major problems that occur with the vending machine, you can have it repaired at the location or at the shop of the mechanic. It just depends on the extent of the damage.

Vending machine malfunctions can be avoided if you know how to take care of your vending machine. A vending company can inform you about what precautions you should take with your vending machine to keep them problem free, so that your profits are not compromised.

Increasing Prices in Your Vending Business at the Right Time

Increasing prices at the right time in your vending business is Planet Antares vending business is very important for continuous profitability. If you that you are not getting the kind of profit that you want in your vending business, then it might be time for you to increase the prices of the products in your vending machines. Raising the prices of the products in your vending business will not be that easy. A price hike has to be justified. If there is an increase in the product price, it would mean that you would need to hike the prices of the products in your Planet Antares vending machine. All that you would have to do is to demonstrate that product prices have gone up and that in order for your business to continue being profitable, you would need to raise your prices. It is thus much more difficult to convince clients to grant price relief simply because the cost of doing business has gone up. It is even more difficult get the customers to accept price increases for their products because of increased competition. These are the reasons why prices have to be increased at the right time.

Increasing prices in your vending business should be the last resort. An increase in your prices may not be acceptable to the location owner and most importantly the customers. Before you increase prices, exhaust all other options. If a supplier increases the prices of the products, you can easily decide to look for another supplier who can provide you with the same products at a much lesser price. Nevertheless, it shouldn’t make a difference whether the cost increase in your Planet Antares vending business is due to product cost increases or other cost increases. Any increase in costs becomes a direct reduction in the bottom line. However, there will come a time when cost increases can simply outpace any possibility of recovery through increased productivity. If the supplier has increased prices you would be forced to increase the prices of the products in the vending machine. When you are faced with such situations and there is no other solution, this would be the best time for you to increase prices.

Vending operators today are finding it difficult to hire employees due to record low unemployment rates. As a result, labor costs have risen significantly. This is one of the reasons why vending operators would want to increase the prices of their products. Other reasons include; increased fuel costs, increased interest costs and health care costs. Increasing the prices of your products would be the only way that you would be able to cover these costs and still make a profit.

There can never be a time that customers will be happy to hear about a price increase in vended products. This is something that can change over time as they learn to adjust to the new prices. Just make sure that you justify the price hike, so that they can understand why they need to pay more for the products. A supplier plays a big role in the pricing of the products in your Planet Antares vending machines, so make sure that the supplier that you sure if giving you the best deal. Increase prices only when the profitability of your vending business is in jeopardy. The timing of an increase in your product pricing should also be well-timed.

Controlling Cash in your Vending Business Using DEX Technology

The vending business is an all cash business that needs a method to control all the concerned cash in the business. The traditional method that vending operators use to reconcile cash is comparing cash collected to product sold out of a vending machine. This method works, but it would requires you to account for a Planet Antares vending machine every time cash is collected. This method can be completely circumvented by a hired driver that is running his own product through vending machines.

To have better control of cash shortages and product shrinkage in your Planet Antares vending business, you would need to install software management solutions and also utilize DEX. A software system working with DEX data can provide incredible control.

Cash and vend meter methods
Another method that you can use for controlling cash in your Planet Antares vending business is the use of a vend meter in a single price machine, or a cash meter in multi priced machines. Cash and vend meters always provide cumulative data that is compared to the previous reading to determine the difference. This method can work, but it is dependent on the driver accurately recording the meter readings. In some cases, drivers can still get away with running their own products through the machines by calculating and reporting false meter readings. This is something that you can catch during an audit of the machine’s meter readings.

Obviously capturing the cash meter reading electronically from a machine via a DEX reading during the service tightens up most of the process. A hired driver will never see the meter reading and it will be captured accurately using a tamper proof method. In this way the driver can never sell his own products in your vending machine. This will not immediately solve all cash control problems because capturing a cash meter via DEX goes a long way to preventing most cash control problems. The driver who takes $1 per day from each machine can only be caught by analyzing trends over time.

Vending operations usually average a 5% variance between cash expected (meters and/or products sold) to cash actually accounted for. Using DEX CASH – audit, you can reduce that variance to less than 2 %. By applying tamper – proof DEX Cash Control in your Planet Antares vending business, you can recover 3 % more cash. DEX CASH provides the exact amount of bills in the acceptor and the coins dropped in the collection box. In other words, DEX provides an indisputable, auditable accounting method for actual cash collections, units sold and product price.

Why People Choose To Start a Vending Business

There is no denying that the vending machine business is a great business opportunity for almost anyone. The vending industry that has been around for a great number of years and is currently the number one all cash business in the U.S. Planet Antares offers you a great vending opportunity where you stand to earn a high income that will lead to your financial freedom. Here are the some reasons why vending is such a great business.

• Anyone can do it: You don’t need to be business savvy or a professional to own and run a vending business. Anyone can do it, without a hassle. All that you need is the desire to be successful and the willingness to work at it. You just need to make sure that your vending machines are serviced and maintained well.

• All cash business: The vending business is a 28 billion dollar plus a year industry. The best part about the business is that it is all cash. No checks, accounts receivables or IOU’s, it is all just hard cash.

• Immediate cash flow: From the very first day, your Planet Antares vending machines will start making money for you. There is no need to wait for months to build a clientele. Once the machines are in a good location, they will start making money almost immediately. The room of growth for the vending business is quite extraordinary, especially when it comes to the snacks and beverages section. Americans are love junk food and that doesn’t look like something that is going to change any time soon. This is one of the factors that will lead to the growth of the vending industry.

• Home based business: When most people start a vending business, they usually start with one or two vending machines. This would mean that you will be running your Planet Antares vending business from home which means that you will have no overhead and you will also enjoy tax advantages. Working at home will allow you quality time with your family.

• Modest investment: There is no ‘blue sky” or franchise fees. You don’t need a large investment to get started. All that you need is an initial investment to buy, rent or lease one vending machine. The money that you invest in buying a vending machine can be easily paid off within a short period of time. As your business grows, you will acquire more vending machines and of course end up making more money.

Many people choose to start a vending business because it is widely known as a lucrative business. The money that you can make in a vending business leads to the kind of financial freedom that many seek. Beware of scam artists that make promises that they can never deliver. Start a vending business with a reputable vending company like Planet Antares Inc.

Effective Product Pricing In Vending

The products in your Planet Antares vending machines need to be priced as soon as you are ready to run your vending business. Product pricing usually depends on the rate that the products were purchased at from the supplier. Snacks and beverages usually sell at a standard price because they are all the same. Prices might just differ slightly.

When you have a potentially profitable vending business like that by Planet Antares, you will need to make sure you engage a supplier that will provide you with a variety of products at the right prices. This is important because when you sell the merchandize from the vending machines you want to be able to make a good profit. If the supplier sells you the merchandize at reasonable rates, you will be able make your vending business profitable.

Over-pricing the products in your vending machines will deter customers from making purchases from your machines. Customers use vending machines for convenience and because they believe that vending machines are the cheaper option to convenience stores and other retail outlets. If customers find the products of your vending machines over-priced, you can be sure that the next time they will use another vending machine or they will go to a retail store to make the purchase.

When it comes to pricing the products, there are some strategies that you can use to make your Planet Antares vending business continuously profitable. In a vending business, you will always find that there are products that sell faster than other products. If you want to increase prices in your vending business, increase only on the quick selling products. There is really no point of increasing prices on products that are not fast sellers, because nobody would buy them. Customers are more likely to continue buying the popular products despite a price increase. On top of that, they also understand the convenience that vending machines have to offer. They would rather buy from the vending machines rather than the convenience store.

Products pricing is important for the profitability of your Planet Antares vending business. The products have to be priced in such a way that you make a good profit from the sales. Customers also have to be happy with the pricing of the products. If there is a need to increase prices, you should be able to justify the increase. Vending operators usually increase prices as a last resort, because other strategies to increase profitability are not feasible.