Vending Business Terminology - What Are Vend Counters?

In simple terms, a vend counter is a device that counts the number of sales made from a vending machine. This helps in preventing theft by employees servicing the machines. Vend counters are the most common in full line vending machines like Planet Antares vending machines.
Certain vending operators compensate for the lack of vend counters by occasional checking of the amount of cash in a machine ahead of time and then sending an employee to service the machine.

There is a vast range of vend counters that you can place in a vending machine. For efficiency in your vending services, vend counters are essential in your vending machine. These are electronically programmed to maximize the vendible products. It will also ensure the right space to sales for every specific location. Usually, they have user friendly features.

Vend counters count the number of transactions that occur in your Planet Antares vending machine. In this way, it can keep a report of all that happens. Some times, you may have employees who don’t give you the accurate report of the machine transactions, however if you have a vend counter, you won’t need to worry about this issue.

There is no way in which the employees can cheat you. As the owner of the Planet Antares vending machine, you can compare the accumulated count from the counter with receipts collected from the employees.

Some of the vending machines come with already built0in vend counters. This means that you won’t have to install it separately. Unfortunately, there are some dishonest individuals who disconnect vend counters to make the machines appear to be making lesser sales than the actual amount. You must take care that this doesn’t happen in your Planet Antares vending business.

Usually, the vend counter has a solenoid for triggering the count mechanism. Its operation sensor functions by detecting the fly back signal that normally appears at the end of the count cycle. The functioning of the vend counter is quite an interesting process and the benefits for vending operators are many.

Thus, it is a good idea to install a vend counter in your vending equipment or buy machines that contain the same.

The Right Vending Insurance For Your Vending Business

You may be a seasoned vending operator or a newcomer in the vending industry. Still, the vending business carries certain amount of liability that operators need to protect themselves against. Planet Antares vending operators can be properly insured without overspending. All that is required is reasonable information about the kind of coverage you need.

Firstly, vending operators must realize that they cannot depend on personal auto and homeowner’s insurance for their business needs. They will need to consult with an insurance professional in determining the amount of coverage they will need to cover their business assets.

Risk management is the process and practice of protecting an organization from any financial loss by identifying, analyzing and controlling risk at the lowest possible cost. Insurance is a contract under which one undertakes to pay or indemnify another for loss from certain contingencies or perils. The main four ways of risk management include transferring it, assuming it, reducing it or eliminating it.

Of course, you will need a written contingency plan for effective coverage. Make sure that you get insurance coverage for short term as well as long term disability for your Planet Antares business. If you are out of the picture for sometime, you must be prepared with a written plan for handling your business operations. Also, you must plan for what will happen in case you exit the business in the event of a catastrophe.

You will face significant financial hardships if the loss of all your Planet Antares vending machines occurs in one go. The possibility of such an event is quite remote. However, it would be best to manage the risk in advance rather than transferring it to your insurance company.

Instead of trading premium dollars and claiming dollars from your insurance company, you should treat vandalism and damage as a cost of doing business. Always remember that the best approach is to manage the risk and fund small losses with internal funds as well as rely on external funds for the significant losses.

Great Tips For Vending Route Buying

If you are planning to start your own vending business, there are many different options that can be used to do that. The most common way to get started is to purchase vending equipment from a reliable company like Planet Antares Inc. you will come across many different vending programs that claim to be lucrative business opportunities. However, it is your responsibility to choose the right one for your business.

One of the best ways to get into the vending industry is to buy an already established vending route. This means that you will get existing vending locations, machines and customers of the machines. Evidently, this will save a lot of time and energy on your part. In case you are interested in this option, read on for more detailed information.

When you have made up your mind to become a vending machine business owner, start searching for vending route sales. These are usually advertised in newspapers and local dailies. Go through the different options and try to look for vending routes in your area or surrounding areas for greater convenience.

When you visit the vending locations, make sure that you examine the existing vending machines properly. These should be in good condition and work properly. There should not be need for regular servicing of the vending machines. Many times, vending routes on sale have faulty vending equipment that keeps breaking down frequently. This is an unwanted scenario that can be quite costly for the vending operator.

It is also essential to enquire about the reasons for sale of the vending route. The previous owner should disclose the reasons for getting out of the vending business. Some of the common factors that result in vending route sales include the following:

1. The previous owner may be shifting to a new location.
2. They may be changing their line of business.

Whatever the reason for the sale of vending route, it is worthwhile to confirm that it is a valuable investment and not a waste of your money. to make a good decision is important to ensure setup and running of a successful vending business.

Basic Questions About The Vending Business

The most sure shot way to make an outstanding living and be financially independent is through the vending business opportunity. As it is said, “cash is king” and this absolute truth is displayed by the vending business.

Some of the common questions and answers asked by newcomers planning to join the vending industry include the following:

1. Is it safe to invest in vending business?
Yes, it is. This business has a 90% success rate. Planet Antares Corporation offers an excellent vending program that will lead you to this success and profitability. There is virtually no overhead, i.e. rent, office equipment, employees, advertising, etc. just a few hours of work every week will yield great results for your vending business.

2. How fast can return on investment be generated or expected to generate?
Depending on the type of machines you purchase and the effectiveness and popularity of your vending locations, financial returns can be expected between one and two years of setup. Reliable vending equipment such as Planet Antares vending machines are able to provide good returns within the first year itself.

3. How do I choose locations?
Start with the area where you live. Ask people with convenience stores, restaurants, business offices, clinics, etc about their requirement for a vending machine. There can be literally hundreds of locations in your city. You need to keep an eye on new constructions and try to obtain popular, heavy traffic areas as vending locations.

4. Is there need for license or permit for starting a vending business?
Some states will require you to register your business according to the kind of business you are doing. It’s a good idea to check with your state authorities like a “State Comptroller” to get the details.

5. Are there any taxes that I need to pay on vending business sales?
State tax will be applied on the sales you make from your Planet Antares vending machines. However, some states waive sales tax on items like bulk candy, which is a major segment of the vending industry. This question will also be best answered by the State Comptroller.

6. Will I get warranty on equipment?
Planet Antares vending machines come with a warranty cover to insure that you money has been invested in quality machines. You must always ask for warranty while purchasing vending machines.