Vending Tips from Planet Antares

We all are famous with the four “P’s” of marketing also know as marketing mix. These four P’s are nothing but product, price, place and promotion. Each of these is significant and plays a vital role in the success of vending business. Every vending operator needs to understand their importance and place their prime focus on them. This is the best and most simple way of becoming successful in vending business.

Let us look in detail as to how each of these factors influences the success of a vending business.

• Product: There are several products available in the market. There choice however depends on your target audience and location. For instance: If you have targeted children, you can choose to vend toys, chocolates, ice creams, pop corns, games, snacks, food items etc. The choice of this product would in turn depend on where you would like to locate the machine. In case you are looking to place the machine near a park, you can dispense pop corn, ice cream or toys.

• Price: Pricing is also crucial for success of any business. The choice of your machine is greatly influenced by your investment ability. You have several vending machines available in the market ranging from few hundred dollars to several thousands of dollars. The price of this vending machine depends on the model and features it includes. Smaller machines like candy and gumball cost you less in comparison with machines that come with sound and display systems.

• Place: Place or location is also very crucial for your vending business. Placing the right kind of machine in right location can give you guaranteed returns. Finding strategic locations for placing vending machines is not as easy as it may sound. It is only with thorough market research, that you will be able to identify the right location.

• Promotion: This depends on the kind of product you would like to dispense. In case you are dispensing branded products, you do not need to undertake additional promotional activities. However, if you are vending unbranded items, you can go for paper ads or try coupons and similar activities for boosting your sales.

What Makes Planet Antares Vending Business So Popular

Day by day the demand for vending machines is only on the rise. The benefits of this machine are luring more and more operators towards it. In fact this is the only business opportunity that has been successful in providing employment opportunities to several new and enthusiastic entrepreneurs in spite of economic crisis.

What makes Planet Antares vending business so popular? In this modern world most of us are preoccupied with our own work and hardly have any time for waiting in long queues either for buying products or paying bills. In such a situation, vending machines come handy.

• They are easy to operate.

• Provide quick and instant services.

• Stylish and attractive with several latest and unique features.

• Can be operated by anyone as it does not ask for specific knowledge or skill set.

• 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.

• Last and most important benefit of this business is that it is least affected by recession or other economic downturns.

Vending Trends by Planet Antares

Vending industry has been a long way since it was introduced for the first time. The benefits associated with this machine made it popular not only among customers but also among operators. As a result more and more operators started setting up their own business. In fact starting a vending business is as simple as 1-2-3. Although this may sound like an exaggeration, it is true.

Why vending? Are you looking for an additional income source? Are you looking for a home based business that does not ask for huge investment? Wondering which is the only business that can guarantee returns right from the day of its installation? Which is the only business that remains least effected by fluctuating markets or economic conditions? The answer to these entire questions is just “Vending”.

As more and more operators started taking up this business, more and more products are being introduced into the market. Vending machines which were once limited to dispensing selected products have undergone several changes are now able to dispense almost anything under the sun.

Vending industry has is able to serve a diverse community. In order to make this process more smooth and effective, variety of vending products and machines capable of accommodating them have been introduced into the market. Unlike traditional vending machines, modern vending machines are customised and are able to offer products that meet individual customer expectations.

Some of the latest vending products introduced into the market in the recent years are toilet- paper, make up vending machines, conventional edible vending machine products, non food vending machine products, novelty vending machine products and many more.

This clearly shows that there is wide choice of vending products for the operator to choose from. Finally it is left to the discretion of operator to choose a product that best meets his target customer requirements.

How to Make Vending Successful? Planet Antares Guidelines

Operating vending business is not as easy as it may sound to be. Taking up vending business of your own is quite challenging as it needs lot of hard work, strategic planning and its proper and timely implementation. Operators need to be very careful and develop gradual step wise action plan and never make any hasty decisions. To begin with identify sources that can provide you with some financial assistance. You have to do a lot of hard work before your business gets well established. This includes running a route, taking care of day to day activities like paying bills, purchasing stock and tallying cash.

Vending is a customer centric business that aims at catering to specific needs of customers. Once you have procured sufficient finance for starting this business, your next move would be to purchase a new vending machine from reputed company. In case you are a novice to this industry, purchase a basic model machine that is capable of dispensing more than one product at a time.

After purchasing the right kind of machine from a reputed company like Planet Antares, stock it with products that meet your target audience requirements and place it in a right location. Now that you have fulfilled basic requirements of vending business, your next most important step would be proper maintenance of vending machine. Whenever you get a service call, respond immediately and make sure that the machine does not remain in out of order state for a long time. If customers are unable to access machines for longer time periods, it can drastically affect your business and also create ill will among customers.

Proper service and customer service can give you an edge over your competitors. Try to visit at least few accounts personally once in a while and respond to customers calls while in office or otherwise. Quality products, satisfied clients and efficient equipment can make vending a successful business. So, make sure you incorporate all the right elements to make your business a huge success.