How to Start Vending Business

By now most of us are aware that vending is one of the fastest growing industries across the globe. Vending is a people oriented business; hence operators need to acquire thorough knowledge about customers, their requirements and ways to satisfy them (by offering products of their choice).

Irrespective of what kind of product you are going to offer to your customers, this industry allows you to reap a lot of money. More and more people have started taking up vending business because of the high profit margins it offers. However, you need to do a lot of ground work and sound planning before you venture in to this business.

Operator needs to equip himself with some basic skills like:

• Establishing contacts: It is very helpful if you have some contacts with existing vending operators. These contacts will help you start quickly and make money at a faster pace.

• Gain proficiency in fixing vending machines comes handy in case of any emergency. This technical knowledge not only saves your time but also helps keep your costs under control.

It is always advisable to start on a small scale i.e. may be with one or two machines especially if you are a new entrant in to this business. Depending on the returns, you can gradually expand your business by installing more machines. Though the cost of a new machine is definitely going to be a little higher when compared to a used one, always purchase a new machine from a reputed vendor like Planet Antares. The main advantage of a new vending machine is that it usually has all the latest features and comes with a warranty. Besides all this, these machines are very efficient when it comes to performance.

Operator also needs to gather all relevant information that is vital for starting a new business. For instance: NAMA can help you with information regarding registration formalities and other crucial documentation. A thorough understanding of this helps in moulding your business and reaping maximum out of it.

Purchase Of Used Vending Machines Is Highly Discouraged- Why?

The main aim of any vending operator is to make profits at the earliest and purchase of used or refurbished vending machines can shatter all these dreams. Financial or monetary constraints are main hassles that come in the way of vending operators. Depending on their individual limitations, operators can either go for a used or purchase a new vending machine. Though purchase of a used machine can reduce your initial capital requirement, it would definitely become a costly affair in the long run.

This is the main reason why entrepreneurs are encouraged to purchase new vending machines of reputed companies. The below mentioned reasons further enhance the importance of new vending machines:

• Used or refurbished vending machines come with antediluvian technology and hence the performance efficiency of these machines is very low.

• Operators should understand that used machines have experienced lot of wear and tear and are also subjected to lot of repairs. This is one reason behind selling them.

• There may be some flaws in the parts of these machines which result in frequent break downs. This will drastically affect your business.

• Used or refurbished machines do not come with any warranty.

• Used machines consume more power and hence there is a great risk of increased power bills.

• Previous owners of these machines have sold them because they had some problem with the functioning of the machine.

• Old machines are more bulky and cannot be installed as simply and easily as the new and compact machines.

• Used machines are not very attractive to look at hence they may not be able to create impulsive buying among customers.

After looking at the above mentioned reasons I am sure that you would be drawn towards purchasing of a new vending machine.

Vending Help You Be the Master of Your Own Destiny

Vending is a fast growing industry that has given life to several new and upcoming entrepreneurs. It has helped operators become market leaders and assisted them in achieving their goals by giving them financial independence.

Trusted vending companies like Planet Antares have been established and helped thousands of operators accomplish their goals. With increase in number of providers, several kinds of machines varying in shapes and sizes are introduced in to the market suitable for all kinds of locations. Some of the most popular varieties among them being gumball vending machines, toy vending machines, coffee vending machines, snack vending machine and beverage vending machines.

In case you are a new vending operator looking to start your own business, start with snack and beverage machine. Since these machines have proved to be very profitable over the past few years. Location is another important factor that influences the success of your business. Accessibility and visibility: These two aspects are very important while locating your vending machine. Both these factors help in creating more business and repetitive purchasing.

Some potential places for locating your machine are near the entrance or exit of any shopping mall, next to water fountain, opposite a rest room, besides a coffee maker, near the reception, next to cash counter, near a music store, in a waiting area (petrol station) etc. The main aim here is to locate the machine in or near a place where there is some amount of customer waiting. Operator should also be aware of the local and state regulations related to placement of machine. There are few states that do not allow vending machines to be placed outdoor. While few states require the vending machine to meet the standards set by National Automatic Merchandising Association.

Once you finalise the location, your next step would be to stock it with right kind of products and ensure proper and timely servicing and maintenance. These aspects if ensured, are sure to bring you success.

How to search for vending location.

Vending business thrive on a good vending machine location. Choosing a right kind of vending location is very important. We would call a location to be a profitable, if the number of potential customers in and around the area is quite high. Locations like offices, malls, train stations, dance studios, parks, gyms etc can be good places to install vending machines.

It is advised to analyze the location’s potential before getting into any contract with the location owner. It could be possible that you install your vending machine at a location that does not offer profits and you may want to shift your machine off to a new location. To avoid such a situation you can get in touch with vending business specialists like Planet Antares to seek guidance and to buy brand new vending machines.

To find the best location, it is advised to conduct a survey of area you want to target. If you come across a location that looks profitable, you should contact the owner of the location with your business plan. Attractive marketing material like brochures, pictures of vending machines, products that you stock etc always play a positive role in the deal. If any location owner is new to idea of vending machine operations then you should tell him about advantages of the facility for him, his employees and/or customers. If you come across a location which looks very profitable, you can also offer certain commission on sales to the owner.

Planet Antares provide attractive marketing material to its customers specifically designed to promote operator’s vending business. Also Planet Antares support staff guides operators on tips to secure different vending locations in your area. They also have a database of different locations that can be profitable. If you are planning to start a vending business or plan to add up a new vending machine, it is advised to get in touch with Planet Antares Inc as they have amazing vending machine programs for operators.

Vending Hassle Free Business

Some business ventures require their operators to possess technical skills while others may require specific knowledge or qualification. If you ask me to name one simple business that does not ask for thing in particular then it is vending.

This is a very simple and easy to operate business that does not require huge investment or floor space for installation of vending machine. This business also gives you a lot of convenience. It can be operated from your residence itself as it requires very low floor space. You are also not burdened with high overhead and maintenance costs. Regular cleaning, servicing and maintenance of your machines would prevent them from sudden breakdowns.

The initial capital required for starting this business is also low when compared to other ventures. As an operator you can enjoy tax benefits and low overhead costs. You are not expected to work for endless hours sacrificing your personal life. The work is minimal in this business and collecting and accounting your cash is all that is required of you. Since you are the owner and beneficiary of this business as well, you are answerable to none other than your own self.

No rented office space, no expensive equipment, no sales force, no stationery and paper works makes vending a very simple and easy business to take up. Even home makers can take up to this business on a part time basis for an additional source of income. Thus you need not forgo the interests of your family and children while running your own business.

In fact, vending is one of the very few business opportunities that gives you financial freedom, allows you to decide your working hours, gives financial freedom and let’s you to be your own boss. This is perhaps the only all cash business across the globe. Proper planning and hard work allows you to make money within no time.

For venturing into this business , you will need to understand the business properly for which you can get in touch with Planet Antares staff for a peep into this business.