Before you get yourself involved in a vending machine business you need to carefully think about all of the possible things that could go wrong. One area that too many people fail to consider is the issue of keeping your vending machines in good working condition. This is often an advantage of buying new vending machines because they will generally work better. Sometimes there will be problems that arise with new vending machines though so be prepared for them. Used vending machines can save you money but they will likely have more repair issues. If you don't take care of them you will find it is going to cost your vending machine business money.
How often do you plan to visit your vending machines? Hopefully the answer to this question is at least once a week. You need to keep them well stocked and you need to ensure they are working properly. If you are having problems with a vending machine that you can't seem to fix you will need to call a professional to assist you or replace the vending machine. It is important that the vending machines give customers about their change. This is a common complaint many consumers have about using vending machines
Your vending machine needs to give back proper change as well. You can adjust the price of your products as you need to, but make sure you are able to set it up properly. If you are selling soda for $.75 and they put in a dollar then they deserve to get their $.25 back. If they don't they will stop using your vending machine and that is going to cost you money in the long run even though you made a little bit of extra money off of them initially.
When a customer approaches a vending machine they expect to have a fast and easy transaction. They want to be able to insert their money, make their selection, and walk away with their product. Sometimes this doesn't happen though and the consumer has to put more money in because their product wasn't received. If they think their item is stuck they will rock or kick the machine to get it to fall into the dispenser. This can cause damage to your vending machines even if the consumer is only trying to get what they paid for.
Always place your name and phone number on any vending machines you have out there. This will encourage consumers to contact you should they experience any issues with the vending machine. You will be able to find out about problems with the machine quickly if they take the time to call rather than discovering it later when you visit the machine on your regular schedule. Anytime someone calls you to report problems with their vending machine you need to thank them for taking the time to do so. You also want to extend the offer to refund their money that was lost in the machine
What often happens though is that most people don't waste their time to tell you that your vending machine ripped them off. They may think it is just an isolated incident and go about their business. The problem comes in when they return to use the vending machine again later on and the same situation occurs. Now they have lost money in it twice and they are frustrated. As a result they are going to avoid returning to your vending machine and you have lost a customer. They may tell co-workers and others in the area about it and that is going to cost you even more customers
You will find in this type of business that your profits depend on the steady flow of repeat customers. They are only going to put their money into those vending machines that have been good in providing them with what they pay for and giving them back their change that is due.
Most people are willing to forgive an occasional glitch with a vending machine they use. In fact, it is to be accepted from time to time. Yet if they aren't sure if they are going to get their product or their change on a regular basis they will stop taking that risk. If you don't have the necessary skills to fix your vending machines you need to learn them. It is very important for the success of your business. It is also expensive to rely on an outside source to take care of this for you.
How To Make Vending Machine
Obviously there are some of the big hitter ones, like the public areas where Schools, recreation centers, places like that. Arenas where people seem to frequent the most. Any kind of business that has a steady flow of traffic going in, but those are also harder to get and find.
I have always found that local businesses like offices and factories are great locations. Those are places that I have seen good results with. It does vary and it depends on the make up of the people at the location.
When you are prospecting a location you should take a look at a few things. First you should take a walk around the building to see how many cars are in the parking lot. This should give you an idea of how many employees work there.
Also try and find out if the company had already had a vending service on their premises and if so what was the reason for termination of the vending service?
I always do this because I want to know if I am going to be setting up machines at a location that has potential or is it going to be a dud location and not make me any money. I am all for helping out local businesses in my area but at the end of the day I have to turn a profit at each location.
So if I don't then I will keep sourcing out other locations for that machine until it makes me a profit. Another thing to consider when looking at a potential location is look at the make up of the people that work there. Are the people in the age group of 21 to 35?
You could sell a lot more pop and chips there. When you get into the staff members that at a location that are into say their 40's and 50's, some of them are looking for more healthy varieties of products. This is because the older crowds are more health conscious. I have always found that the younger crowds buy the most snacks.
For the most part, the higher traffic locations are ones where there is more walk through traffic. Say, for example like a trucking station where truckers are coming in and out. Also let's look at inside versus outside locations.
Inside locations in my personal opinion are the best. I have had a couple of outside locations before at a few storage facilities. There was time, I made good money there because there were steady people coming in and out of there all the time renting their trucks and getting storage, but because it was outside, I also opened up myself to the threat of vandalism.
Yes, I had a good run for a while, but then eventually the machine got busted in to. I repaired and kept it going and then they busted in to it again. One even had a security gate and security cameras and they still did it. I have always found inside locations, like factories and offices to be the best.
Both Robert Farnham & Chris Robertson are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Robert Farnham has sinced written about articles on various topics from Vending Machine, Finances and Vending Machine. Robert Farnham writes about the ups and downs of the vending business. He built a a large, successful vending company after starting the wrong wa. Robert Farnham's top article generates over 40500 views. Bookmark Robert Farnham to your Favourites.
Chris Robertson has sinced written about articles on various topics from Goji, Latest Election News and Loans for Home Improvement. Chris Robertson is a 9 year vending operator who works out of Toronto, Canada. Toronto Vending ServicesFor more information about. Chris Robertson's top article generates over 4090000 views. Bookmark Chris Robertson to your Favourites.
Antique Coca Cola Vending Machines The reason for this is because no matter how beautiful or shiny the vending machines youve bought are, if their locations are not the best, then your business may fail