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News, views and ideas on managing your Planet Antares vending business.

Friday, October 23, 2009

Tips While Starting A Vending Business

Are you looking to start your own vending business? If yours answer is ‘yes’, then we have a few tips for you that can help you become successful in your new venture.

• Contacts: Whenever you start a business, it is advantageous to have some contacts with people in the same field. This will help you in starting your business quickly and also get some valuable suggestions related to the business.

• Combo machines: These days we have a lot of combo machines available in the market. These machines are capable of selling two products at a time. For instance: one section of the machine can sell drinks while the other section sells snacks. The main problem with these machines is their maintenance. These machines break down continuously thus leading to customer dissatisfaction. Instead, purchase full size machines with electronic eye. These machines come with a latest feature that detects if a product has been vended or not when a purchase is made. It is recommended that you buy only new vending machines and that too from a trusted manufacturing company like Planet Antares who have been around for decades and people trust them for their quality.

• Advertising: This is one of the marketing strategies that helps create awareness about the product among customers and creates zeal to purchase it. If you just have a few machines, then advertising in yellow pages is ideal. On the contrary, if you have several machines located across several places, then you can resort to advertising over the internet.

• Employees: If you a novice who has just started vending business with just one or two machines, then you may not need any employees as you can do the servicing and refilling yourself. But once you start expanding your business by adding more and more machines, then you may need to hire people to make things easier for you.

• Machine and product: Try to purchase new machines of reputed and established brands. While choosing a product you would like to vend, make sure that the product is fast moving with longer expiry period.

Let me reiterate what we have discussed so far before we conclude. If you are determined to start a vending business then make sure you have some contacts. This is the first and foremost thing needed. Try to advertising on a small scale and keep your business in a size that you can handle easily. Ensure that you go very slow while expanding your business and never add machines if you cannot pay complete cash for them. These tips if borne in mind can bring you success.

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