Wednesday, June 30, 2010

To Buy or to Rent

If you have decided to start a vending business, then the first order of the day is a vending machine. People are so rushed nowadays that they are always ready to grab something from the vending machine  be it snacks, a sandwich, coffee or any other drink. Make a list of things that you need to do before you get started. The first thing would be to choose the location where you would place it. Analyze the kind of people frequenting that location and their choices; the kind of vending machine that you would need; your budget and a good supplier also. Let us take these one by one.

There are so many kinds of vending machines in the market ranging from snacks, cigarettes, CDs, drinks, coffee and many more. You name it and it is there. According to industry studies, consumers everywhere spend more on vended merchandise than they spend on movies, videos, CDs or professional sports.

Once you have decided the kind of machine you require, choose the location where you would place it. The success of this business depends on the right choice of location. Colleges would need a drink vending machine ; schools would need a healthier option; gyms would look for sugary drinks. Location is crucial, because by strategizing your machines' placement, you can really increase your chances of making a profit. In addition to these, some of the best places for drink and snack vending machines are hospitals, hotels, bus stops, malls and even big residential societies. As far as placement goes, you should put the machines in high-traffic areas. If you're putting one in an office, break rooms are the obvious choice for placement but you should also think about areas that everyone passes by. A possible place could be outside of the restrooms or near the front door.

Now evaluate and assess your budget. If you prefer to test the waters before buying a machine, then you can make use of vending machine rentals available in your area.

Finally, whether you decide to buy a vending machine or go for a vending machine rental , you need a good supplier. Your supplier should be able to provide consumables for your vending machine as well as give you ideas or discounts. Quite often suppliers will give you helpful information about how to get off the ground and make more money. Whether it's a snack or a drink vending machine and whether bought or a vending machine rental , they should provide maintenance service regularly.

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