Vending machines need to know these points if they want to make a profit
1. Shop rent
Store rent is a relatively high investment cost in vending machines. If the store rent is high, the profit of the vending machine will also be greatly affected. If you encounter bad site selection again, you will face even greater losses. Generally speaking, the rent of beverage and food vending machines should not be too high.
2. Product positioning
The products sold by vending machines are the main core. Low-end products may affect the desire to buy. The vending machine store is not an online store and cannot be moved at will. If the word of mouth is broken, it is impossible to do it. Although beverages and snacks do not have product positioning problems, the shelf life of products requires more attention. Many beverage vending machine sellers have a long time period for replenishment and replacement because of poor business.
3. The reason for the vending machine itself
There are more and more vending machines, and there are many types of vending machines produced by manufacturers. Of various types, it is most important to choose a vending machine that is suitable for the products you sell. Vending machines can not sell all kinds of goods, such as beverages and snacks. Vending machines have more options. If you sell fruits and vegetables, only a few types of vending machines are suitable. So choosing a product is very important.
4. Peer competition
If the vending machine does not have a special advantage in the competition of its peers, it means that there are more wolves and less meat. So do not compete with your peers in the vending machine business. The scope of the city is getting bigger, you can put vending machines in a position where there is no competition from your peers, otherwise it is hard to say whether you will lose money or not.
5. Operational data analysis
Now is the era of big data, and data is the most expensive. Although the scale of vending machines is generally not large, the vending machines operate well and can be operated in a chain. If you don’t analyze the operation data, you will only lose money. If you do more product data analysis, you will not lose money if the sales increase.
If you are interested in vending machines, you can contact us to learn more.
Micron Smart Vending