Benefits of Vending Business

It may be surprising to note that vending is one of the oldest business models that have been in existence since 215 BC. Initially these machines were first used to vend holy water in Egyptian temples. Once people started realising the benefits of using these machines they started adopting them on a full time basis. Since inceptionof modern vending machines in year 1970s, vending industry has been skyrocketing giving huge employment opportunities to several new and upcoming entrepreneurs. What makes vending so popular? This is a very common question which most of us would like to know whenever we talk of this business.

• Initial cost of set up: When compared to other business opportunities, the capital required to start this business is very low.

• Instant cash flow: This is one of the very few businesses that allow you to reap returns right from the time you install your machine and fill it with sufficient amount of stock.

• Cash flow: There are very few other business opportunities that are all cash. Since vending is a hundred percent cash business, you need not worry about bad debts or other collection issues.

• 24/7 Services: There are no set working hours in vending business. Your machines would be every ready to cater to the needs of its customers round the clock all 365 days.

• ROI: When compared to other business models, the profit margin in vending business is very high this allowing you to enjoy huge returns.

• Tax exemption: Tax exemption is applicable to vending business also. If you fall in the 20%-30% tax bracket, then you have great chances of increasing your profits.

• Vending business has allowed several operators to enjoy complete financial freedom and allows you to have complete control over your money and future.

Are you tired of working in your regular job? Looking for some additional source of income to support your family during this recession? Then vending is perfect choice for you. You can take up this business either on a full time or part time basis. In either case, you are sure to get guaranteed revenue. Once you are confident of running this business, you can look at expanding this business by adding new machines.

Planet Antares provides full range of vending solutions to its customers. Planet Antares support staff guide vending operators about various tips and tricks of the trade to establish a successful vending business.

Tips For Maximising Returns In Vending Business

The main objective of any entrepreneur would be profit maximisation and as we all know vending is the best means of achieving this objective. The main reason behind this increasing popularity of vending is changing trends in customer’s needs and their perception. Yes, more and more customers are switching from traditional and conventional methods to more quick and convenient methods. Vending has proved to be one of the booming industries that are providing incredible employment opportunities and financial independence to new and upcoming entrepreneurs.

Profit maximisation can be achieved through a number of ways. These include increasing prices, reducing expenses or improving sales. Besides these standard approaches, there are few tips that can guide you towards success. Some of them are mentioned below:

• Proper maintenance of ensure longer life span when compared to an ordinary one. Regular servicing and replacement of slow moving and outdated products is very useful.

• Perfect vending route schedule helps you in cutting down unnecessary wastage of time.

• Make sure you know the basis repair and maintenance jobs. This can not only cut down on your expenses but also ensure uninterrupted services to customers.

• Always purchase a new vending machine from reputed companies like planet Antares and do not be misguided by false commitments given by cheap or used and refurbished machines.

• Design your Planet Antares machine based on your target customers.

• Choose the right product. Go for those products which have maximum demand or those which have been newly introduced to the market (Example: health/natural foods).

• Location also influences your sales and there by your profits. Hence thorough market research is recommended before finalizing on the location

• Always dispense those products that have longer expiry dates for selling.

• Visit your vending machines on a regular basis. This helps in collecting cash and checking the functionality of machine.

• If given a chance prefer selling branded products over unbranded ones. The marketing and advertising is taken care of by the companies itself for these products and moreover, these products are so popular that they are pre-sold to customers even before they come to you.

Careful implementation of these tips is surely going to help in your quest for maximum profits.

Necessity of Advertising In Vending Business

What is advertising? Why are companies willing to spend huge money on various modes of advertisement? Is advertising mandatory requirement? These are some of the question which people often have in their minds. When it come to the definition part, Advertising is a means of creating awareness and need for a product. In other words, it is a means of persuading the customer to purchase the product. Advertising acts as a catalyst between the products and services you sell and the target audience you aim at. The main aim of advertisements is to get an affirmative reply from audience.

Advertising has been and will continue to play a crucial role in any business. Companies have been able to establish their brands only with the help of advertisements. Ads have been successful in creating awareness about products in the minds of customers and also zeal to purchase them. It is also one of the most important marketing strategies. As more and more companies adopt advertising, customers and businessmen are getting benefited immensely.

The rewards from advertising are so promising that companies are not at all hesitating to spend huge amounts of money on it. Whether advertising is a necessity or not depends upon the kind of product you vend. If you are selling a branded product then there is no need for additional advertising as the company takes care of everything. But if you are offering unbranded products, you can make use of advertising. Newspaper ads, TV, Websites, yellow pages, classifieds, banners, coupons and posters are some of the common modes of advertising.

Your choice of advertising would also depend upon your scale of operations. In case you have several vending machines being operated in various places, then you can also place ads on the internet. Placing ads on vending yellow pages on the internet along with your contact information is the best option.

Advertising is very important if you have started a new business. Ads not only popularise your products but also spreads information about your machine thus help in drawing more customers. So, it is for the operator to decide whether he would like to resort to advertising or not.

How Is Vending Industry Benefited From Online Information?

Although we are all aware of the fact that vending is one of the most promising business opportunities, establishing one may not be all that easy. There are many machines, products and vending suppliers available in the market and who may try to mislead you by giving all sorts of false commitments. Hence thorough market research is mandatory before choosing the right kind of machine for your business.

Several models of vending machines are available in the market. Some of the most popular versions among them are snack and soda machine from Planet Antares, toy vending machine, candy vending machine, bulk vending machine, newspaper vending machine, frozen food vending machines and many more. Extensive information about vending machines, products and business can be obtained from internet. The main advantage of online system is it allows you to compile and compare data with each other. Thus choose the best among the available.

With growing popularity of internet, you can find a lot of technical up gradation of websites, tools and software. You also have several e-books related to vending machines, vending products, legalities related to vending, repair and maintenance tips, vending machine insurance, vending locator services and many more.

Recent years has seen the introduction of software that helps operators in managing business right from day one. Using this software, operators can plan their business activities, track inventory movement, product performance and develop new strategies for installation and maintenance of repairs. All this allow you to improve your business, sustain competition and thereby increase profits.

Whenever you purchase vending machines online, make sure you check out all the providers offering similar services, compare the prices offered by them and purchase quality machine from reputed providers. Internet is only a service provider that that assist you by proving wide range of information. Ultimately it is you who is more knowledgeable about this business and every decision made by you affects its performance.

Technicians Role In Vending Machine

Whenever we talk of a technician, we are reminded of installation and repair works. These are not the only functions performed by a technician. Besides these functions, he is also responsible for loading and unloading the vending machine, transporting it to new locations and make necessary adjustments in its connections. Post installation of the machine it is their duty to see to it that it works properly.

The services required for all vending machines is not the same. For some, technicians need to check the product dispensing mechanism and change dispensing operations. While for other machines, technician might need to check on refrigeration and heating mechanism. All these functions have to be conducted regularly in order to ensure that the machine works efficiently.

Vending machines are used round the clock and are thus subjected to lot of wear and tear. At times they may be damaged due to rough or improper handling by customers. This is a very common problem in the vending industry. That is why quality of vending machine plays a crucial role. While purchasing, operators should always prefer new vending machines of established or reputed brands.

It is the technician’s job to determine the cause of any problem in the vending machine. If necessary he has to undertake repair, replace and rebuild defective parts. An operator should have minimum technical in order to deal with minor repairs. This will ensure that machine is not ideal for longer time periods. However, when it comes to major repairs, technician is the only competent person capable of fixing them.

As a general practice, for carrying out any repairs, technicians follow blueprints, illustrations, schematics, repair manuals and diagrams to help them. Besides these tools like screwdrivers, pipe cutters, wrenches, soldering irons and hammers are also used to keep machines in working condition.

Prevention is always better than cure. This holds good for smooth functioning of vending business. Proper maintenance, regular servicing and thorough cleaning of machines can keep it in good working condition.

Product Selection Primary And A Vital Decision

When setting up a new business, especially retail of merchandize, product selection plays a significant role. This selection chiefly depends on few essential things including choice, need and demand of a product that may vary from place to place. A deep study and research on the demand of a product is very important in order to see your business flourish. Same goes with the vending machine. Before investing money in the vending machines one should have a thorough knowledge about the product he is going to put in the vending machine.

For people who want to diversify their investment options, Planet Antares, one of the biggest vending machine manufacturers, helps you in the same. From selecting products to choosing locations, they provide necessary and useful information to establish your vending machine business. Putting up a product that is non perishable or one that has more shelf life in the vending machine, is better to invest in. There are lesser risks involved in investing in products that has longer life.

This feature gives you more time to generate the revenue. An example can well prove this. Choosing candies in vending machine at an office would generate less capital than putting the same product in a vending machine near a school or playground. And perishable goods such as milk, snacks etc should be kept at a machine which is located near a residential area where the demand is more which reduces the chances of a product to get decayed. And for places like an office, Planet Antares provides specialized vending machines like ‘Office Deli’ which can store products varying from eating, as well as beverages.

To cut it short product selection is such a big decision that can make or mar the income generation of a specific vending machine.

Benefits of Planet Antares vending program

Planet Antares provides unique and amazing vending programs for entrepreneurs. If you are planning to venture into vending business then Planet Antares can help you in choosing the best program according to your business goals and financial ability. Planet Antares not only manufactures state-of-the-art vending machines but also provides much needed guidance to set up vending business.

Some of the benefits of Planet Antares vending program are:-

1. Planet Antares vending machines are truly magnificent. They are equipped with latest technology and are extremely user friendly. They are compact, yet can store variety of products.

2. When you buy Planet Antares vending solutions, the company assigns a personal coach to you. All personal coaches are highly experienced professionals and know ins and outs of vending business. They are backed by team of expert professionals with skills in analysis and business management.

3. Planet Antares provides marketing assistance for your vending business. Planet Antares provides you with marketing material like brochures and mailers to promote your business.

4. Once you are associated with Planet Antares, you get exclusive pricing on re-orders for new equipments.

5. Planet Antares provides you necessary route and inventory forms.

6. You can access Planet Antares Distributor Only website to download newsletter and software.

Planet Antares Inc is continuously coming up with excellent vending programs for operators. Since its inception in year 1987, Planet Antares has been providing vending solutions to distributors across US and Canada. Continuous success of Planet Antares vending programs has earned the company an Outstanding Rating from Dunn & Bradstreet.

IF you are an entrepreneur and wish to start up your very own vending business, then just contact Planet Antares support staff. They will assist you in setting up your business. Right from product selection to location search and from financing to route management, Planet Antares provides guidance about all aspects of vending business.