The Two Sides Of Vending Business – Planet Antares

“Every coin has two sides” this saying holds good even for vending business. We have often been hearing that vending is an ever growing business that is least affected by fluctuating markets and economic crisis. Perhaps this is the only business that has been able to provide several unemployed with employment opportunities even during severe recession. All these facts make this business highly popular among the business world. Some of the benefits of taking up this business are:

• Absolutely Zero employees: Vending does not require you to employ any sales personnel. Your machine is your salesman and takes care of everything.

• Complete cash business: In other businesses there is every possibility of running into bad debts. But since vending is a complete cash business, you can generate revenue right from day one of installation of the machine. Since all transactions take place through cash there will not be any issues with credit card acceptances etc.

• Start up cost: This business does not require huge floor space and your major investment goes into purchasing the machine. Hence start up cost is less when compared to other businesses.

However, vending industry also faces two main challenges. These are:

• Repairs and breakdowns: In case you purchase a used or refurbished machine, they are more prone to repairs and frequent break downs. It is advisable that the operator knows how to fix minor problems. This will prevent inoperative machines for a long time and thus prevent you from losing customers.

• Location: Identifying the appropriate location may not always be possible. More over areas with high customer traffic have huge competition. This can have negative impact on your sales and profitability.

An able and eminent operator who finds ways to overcome these hurdles is sure to taste success in this business.