Pros and Cons of Vending Business
Time and again we have been hearing that vending is a billion dollar industry that has been skyrocketing since its inception. But before you jump into conclusion and take up this business, let us understand more about this industry.
To begin with, let us look at some of the advantages of vending business:
• Absolutely Zero employees: Vending does not require you to employ any sales personnel. Your machine is your salesman and takes care of everything.
• Complete cash business: In other businesses there is every possibility of running into bad debts. But since vending is a complete cash business, you can generate revenue right from day one of installation of the machine. Since all transactions take place through cash there will not be any issues with credit card acceptances etc.
• Start up cost: This business does not require huge floor space and your major investment goes into purchasing the machine. Hence start up cost is less when compared to other businesses.
Now let us look at some of the disadvantages of this business:
• Repairs and breakdowns: In case you purchase a used or refurbished machine, they are more prone to repairs and frequent break downs. It is advisable that the operator knows how to fix minor problems. The best solution to this is to buy new vending machines from trusted companies like Planet Antares.
• Location: Identifying the appropriate location may not always be possible. More over areas with high customer traffic have huge competition. This can have negative impact on your sales and profitability.
Make sure that you locate your machine in high footfall areas. If required take the assistance of a professional who can help you in identifying the most apt location. Even if you are unable to install machine in the place of your choice, do not lose heart as there are many placed untapped by competitors. A little bit of creativity and planning is required to identify such places to place your machine.
Contact Planet Antares to get insight about the vending business in detail and how it has helped thousands of people in achieving financial independence.
To begin with, let us look at some of the advantages of vending business:
• Absolutely Zero employees: Vending does not require you to employ any sales personnel. Your machine is your salesman and takes care of everything.
• Complete cash business: In other businesses there is every possibility of running into bad debts. But since vending is a complete cash business, you can generate revenue right from day one of installation of the machine. Since all transactions take place through cash there will not be any issues with credit card acceptances etc.
• Start up cost: This business does not require huge floor space and your major investment goes into purchasing the machine. Hence start up cost is less when compared to other businesses.
Now let us look at some of the disadvantages of this business:
• Repairs and breakdowns: In case you purchase a used or refurbished machine, they are more prone to repairs and frequent break downs. It is advisable that the operator knows how to fix minor problems. The best solution to this is to buy new vending machines from trusted companies like Planet Antares.
• Location: Identifying the appropriate location may not always be possible. More over areas with high customer traffic have huge competition. This can have negative impact on your sales and profitability.
Make sure that you locate your machine in high footfall areas. If required take the assistance of a professional who can help you in identifying the most apt location. Even if you are unable to install machine in the place of your choice, do not lose heart as there are many placed untapped by competitors. A little bit of creativity and planning is required to identify such places to place your machine.
Contact Planet Antares to get insight about the vending business in detail and how it has helped thousands of people in achieving financial independence.
Labels: planet antares, planet antares vending
posted by Daina Martine | 9:36 PM
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