Tips to Getting Established in the Vending Machine Business

Nowadays everybody interested in making money by running a profitable business. Are you thinking of starting vending machine business? Follow some simple tips shared by Jayne Manziel, running a successful vending locator service from last 24 years. You can afford to neglect these useful tips when entering into the vending machine business.

Find a suitable location:

This is the most important step in establishing a successful vending machine business. You can spread the word about your new vending machine business in your community and ask for references. For every new business, location is the key factor, so determine the best location for your vending machine business can be a daunting task. At the end, the location will be the crucial factor in deciding which vending machine is suitable for you.

Buy the right vending machine at the right place:

If you talk about the types of vending machine available in the market then according to Jayne, there are tons of different vending machines and all serve the different purpose.  There are mainly four types of vending machine which are popular worldwide.

• Snack Vending Machine - These vending machines serve the purpose of selling different snacks and are often placed next to beverages vending machine. Card readers are also incorporated with these types of machine to facilitate users to pay by credit cards. 

• Soda Vending Machine - These machines are popular and used to vend drinks of different types like Red Bulls, Cold Drinks, Gatorade and water bottles too. Use the new style soda vending machine to vend new bottles in a great location to attract customers.

• Combo Vending Machines - This machines serve both snacks and drinks and consume less space. It is widely used in offices, small business 

• Bulk Candy Vending Machines - These are the traditional vending machine for selling gumballs and M&M. You can use it in malls, restaurants etc.

Stock the Machine with the product:

It is very important to choose the products from your local area so that you get to know what the popular items in that area are. Also, do not buy items other than Sams Club or Costco if you are in the USA and if these are located in your area.

Set your prices right:

When deciding for how much you charge for an item then it will depend on upon your competition. The customer base is also a crucial point need to consider when deciding the rate. You purchase products in bulk from Sams Club. And obviously, it will charge you less. Generally, you have to charge two or three times higher than the price you paid for it.

Be professional:

It is good to keep your machine updated and working well. Servicing your machine regularly so that it runs smoothly. Do not sell stale products. Keep your machine clean and bug-free. Be friendly with your customers and help them to decide the product.