Profit Maximisation in Vending Business
We all take up business to make profits. Maximisation of profits is possible either by increasing prices, reducing expenses or improving sales. Improving sales is always a better option when compared to the other two. One way of increasing sales is by placing your vending machine in the best location. Try to identify locations that are affordable.
Operators are generally charged for placing their machines in a location. When you start looking for locations, try to negotiate on the amount you are charged. Usually operators are charged 10% to 30% of profit per month on each machine. Bargain a lower percentage than the ones stated above.
Another way of increasing sales is by maintaining the machine properly. Try to keep your machine clean. A clean and well maintained machine is successful in drawing the attention of more customers. You need not spend hours together servicing your machine. A weekly servicing scheduled is sufficient to keep them in good working condition. If you are using a glass front vending machine, then make sure that the front glass is clear enough for the customers to view the products offered for sale. Also keep in mind that you buy only new vending machines from trusted manufacturers like Planet Antares and never opt for old and refurbished vending machines as used machines more often than not will not work and ruin your reutation in the market.
Identifying best location also influences the sales of your products. Choose a location that has maximum customer traffic. Since vending is impulsive buying, higher the customer traffic higher are the chances of increasing sales. Selection of location is also influenced by the kind of product that is vended. For instance: if you vend candy, then choose location that has maximum number of kids. The product mix is influenced by your target customers.
It is also important that you vend only fresh products in your machine. This will create goodwill for you’re among your customers and thus boost your sales. Operators need to remember one thing, customer have fancy for new products. So, try to place at least limited stock of new products in your machine. These will no doubt boost your sales. Even if something goes wrong, you can always replace it with the original product.
All these, if carefully followed can skyrocket your business.
Operators are generally charged for placing their machines in a location. When you start looking for locations, try to negotiate on the amount you are charged. Usually operators are charged 10% to 30% of profit per month on each machine. Bargain a lower percentage than the ones stated above.
Another way of increasing sales is by maintaining the machine properly. Try to keep your machine clean. A clean and well maintained machine is successful in drawing the attention of more customers. You need not spend hours together servicing your machine. A weekly servicing scheduled is sufficient to keep them in good working condition. If you are using a glass front vending machine, then make sure that the front glass is clear enough for the customers to view the products offered for sale. Also keep in mind that you buy only new vending machines from trusted manufacturers like Planet Antares and never opt for old and refurbished vending machines as used machines more often than not will not work and ruin your reutation in the market.
Identifying best location also influences the sales of your products. Choose a location that has maximum customer traffic. Since vending is impulsive buying, higher the customer traffic higher are the chances of increasing sales. Selection of location is also influenced by the kind of product that is vended. For instance: if you vend candy, then choose location that has maximum number of kids. The product mix is influenced by your target customers.
It is also important that you vend only fresh products in your machine. This will create goodwill for you’re among your customers and thus boost your sales. Operators need to remember one thing, customer have fancy for new products. So, try to place at least limited stock of new products in your machine. These will no doubt boost your sales. Even if something goes wrong, you can always replace it with the original product.
All these, if carefully followed can skyrocket your business.
Labels: planet antares, planet antares vending
posted by carol gonzo at
9:18 AM
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