Article: 5 Tips to Maximize Your Vending Profits

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5 Tips to Maximize Your Vending Profits

First of all, find a place to set your vending machine that wouldn’t cost
very much. If a friend or family member has a business where you can set
up your machine, put it there as it’s likely they won’t charge you for
doing so. Don’t know anyone who has a business that you’d be able to set
your machine at? Approach an owner that you know well or are a regular
customer of and ask them if you could put your machine there. It’s likely
that even if they don’t give you the space for free, the “rent” on the
space would be much less. Remember, you should also negotiate the best
deal you can. The most common “rent” for vending machines are usually
about 10% to 30% of the profit of the machine per month so if you can, get
a lower percentage than that.

Keep your machine clean. No one wants to get candy from a dirty machine.
Keeping your machines tidy and stocked will attract customers much better,
in turn giving you more profits. All you have to do is go by and check the
machines once a week to see if the machine is filled and if there’s any
dust on the machine. You don’t even have to do any major cleaning as a
simple wipe should usually take care of any machine. It’s also very
important to have the glass of the machine cleaned so that the product
shows through well. When I see a dirty, dusty vending machine, I think
“Eww. Old products—must be about two years old.” And it’s something you
definitely don’t want potential customers to think.

Another way to maximize your profits? Put it in a busy place that has a
lot of foot traffic! It’s just common sense. The more foot traffic there
is, the more people there are who sees the machine and the more likely
you’ll get some purchasers. Some great places include malls, supermarkets
and popular shops in “walking” downtown areas.

Target your customers. If your vending machine area has a lot of little
kids, make sure you buy products that target them. If the area has a lot
of adults, have the machine vend products that adults would more likely
want. If there’s a mixture of ages, have the machines hold a variety of
products. You wouldn’t want to fill vending machines at a health club with
tons of sugary goods. You probably would have very few customers if you did
so.

Lastly, make sure your products are fresh. If you see any signs of
stickiness or such, replace it and make sure you clean the inside glass
when you do so as well. Depending on which kinds of products you use to
stock the machine with, the “best by” date will differ. However, to keep
things on the safe side, stocking most products about every six months
with new products will ensure freshness. Trying different products each
time will also be helpful in this as you can see which products sell
better than others in your area.

By following these tips, your vending business should boom. Happy Vending!

<p>Julie Vang is the manager of Gumball Machines R Us.com Browse the
<a href="http://www.gumball-machines-r-us.com">vending and gumball
machines</a>
they offer</p>