Planet Antares Vending Business Tips

Although we all love to run our own businesses, most of us take back step due to lack of required skill set or sufficient financial resources. Would you like to know about one business model that does not ask for specific knowledge or most importantly requires limited capital. Wondering what it could be? It is none other than vending machine business.

Planet Antares Vending is one of the most simple business models that could be taken up by almost anyone. Yes anyone with strong determination to become financially independent can start this business. However, few guideline or tips would help make this entire process as smooth as cake walk.

To begin with, a thorough market research is mandatory. This helps in acquiring sufficient knowledge about this business, existing market scenario, customer needs and demand for products. Every vending operator needs to abide by the rules governing vending machine business. You also need to obtain a license and maintain proper records of all financial transactions for tax purpose.

When it comes to vending machines and products, operators have wide choice to choose from. If you are new to this kind of business then it is advisable to start on a small note by purchasing a new vending machine and dispensing some standard products which have consistent demand.

Now that you are done with vending machine and its products, your next move is to identify a perfect location. Location plays a crucial role in making your business a huge success. Try to identify locations that have maximum customer traffic. Schools, offices, restaurants, shopping malls, bus and railway stations are some of the most popular locations. Make sure that the location you have selected is easily accessible to your target customers.

After identifying location and installing your machine in there, make sure you give due importance to its maintenance and servicing. Prompt maintenance and timely servicing can increase the life and performance efficiency of your machine and thus provide uninterrupted services to customers. All this would result in happy and satisfied customers.

Reasons behind Starting a Planet Antares Vending Business

Vending is the ideal way of making money? Wondering how? Because this is a complete cash business and operators are least bothered by bad debts or collection issues. Every time a transaction is made, operator receives its payment instantly. Besides this reason, vending is a very simple business that can be started by anyone. Yes, since this business does not ask for special or knowledge anyone can start this business from the convenience of his residence.

In the present modern society, there is hardly any business model that is as simple as vending. Hence earning a six digit income is no more a dream. Few aspects or features that make this business popular both among customers and operators are mentioned below:

• Profit margins: This business gives high profit margins. You can purchase a product at low price and sell it with huge margin.

• Flexibility: No other business gives you this kind of flexibility. There are no fixed working hours. All you need is to spare few hours a day for restocking the machine and servicing it.

• Salesmen: You need not hire any sales staff. Sales are completely done by your vending machine. Hence you are free from labour issues.

• Additional costs: In case you are vending branded items, you need not incur huge advertising costs as the company would take care of all that. Even otherwise, most of the advertising is done by customers through their word of mouth.

• Revenue: This business starts generating revenue from the very moment you set up your machine and fill it with sufficient quality of stock.

• Similar to other business, vending also gives you tax exemptions and benefits.

• Additional costs: In case you are vending branded items, you need not incur huge advertising costs as the company would take care of all that. Even otherwise, most of the advertising is done by customers through their word of mouth.

• Revenue: This business starts generating revenue from the very moment you set up your machine and fill it with sufficient quality of stock.

• Similar to other business, vending also gives you tax exemptions and benefits.

What else would you require for starting a vending business?

Categories of Vending Machine Operators

Off late we have been hearing that vending is one of the most happening industries which have been able to provide consistent employment opportunities to several young and enthusiastic entrepreneurs. In fact this is the only business that has been least affected by fluctuating markets and economic crisis. Operators taking up this business can be broadly categorised as follows:

• Start ups: As the name itself denotes, any entrepreneur who has taken up Planet Antares vending business for the first time comes under this category. Vending is the only business model that is associated with the convenience of being handled from home with the help of family members. Most first time operators prefer to start this business on a small scale from their residence. It is only after he is confident of the business that he will start expanding by adding new machines or by moving to other large establishments.

• Part time seekers: During this economic crisis many of us look for some additional income source to support our family needs and their requirements. For all such people, vending is ideal. Their main source of income would however remain the same. Since vending business has flexible working hours and does not need regular monitoring, this can be taken up on a part time basis. With the number of people starting on a part time basis increasing, several vending programs have been designed for them.

• Specialists: These are people who dedicate themselves to vending business. They always keep themselves updated with changes in market and customers requirements. They keep track of every single opportunity and target locations within the market. Their main aim is to establish themselves in the market by creating a unique identity and thus reap huge profits.

It is advisable that all new entrants to this field should only start on a small scale, gain sufficient experience various aspects and then go ahead with further expansion. It has been proved that vending gives on job experience which helps in exploring new ideas and options along with your growing business.

Vending Business Tips by Planet Antares

Wondering how to become a part of this billion dollar industry? Vending is one of the most promising business opportunities that has been least effected by economic fluctuations. Taking up vending business is definitely a very wise decision. But succeeding in it and staying on top requires a lot of strategic planning and hard work. Few tips that can help you succeed in this business are mentioned below:

• Prompt restocking: Vending is a customer centric business and this can draw customers as long as you offer uninterrupted services. Make sure you restock your machine on a timely basis. Vending business has threat of vandalism. So, operators need to be very careful and if required make use of software and put a check on theft. Another thing which operators dispensing food items need to consider is that they should check for expiry product and remove them on timely basis. Vending operators should also identify latest trends and offer them in their machines. This will not only keep your customers satisfied but also draw them towards your machine.

• Keep your Planet Antares machine clean and service it properly. A performance efficiency of a clean and well maintained machine is not only high but these machines also succeed in drawing customers attentions. If you are unable to do the servicing and maintenance job all by yourself, you can also hire a service professional.

• Security is another factor that needs to be given due importance by vending operators. Especially if you have installed your machine in a place that does not have surveillance cameras. You can install a small camera in one of the slots of your machine or even place a web cam on top of the machine. In addition, if you are willing to invest a little amount, you can go for real time devices.

These simple tips if followed can bring in guaranteed success.

Working of a Vending Machine

Till date we have only been enjoying the benefits of vending machines. But how many of us are actually aware as to how these machines have become so efficient? What is the logic behind a vending business? How is it possible that when you insert coin into the machine, you get the product you coveted? Is this some sort of miracle? No, it’s something more than that.

Vending is not a need based business. The entire concept of vending business revolves around customer psychology and instinct. These machines are so appealing that we cannot resist ourselves from purchasing. As a result it has been proved that maximum sales generated through these machines are due to spontaneous purchases made by customers.

It is a common experience that we go out to purchase some product but the moment we encounter a attractive looking vending machine vending some kind of snack or soft drink we get carried away by its appeal and purchase it. Nowadays people lead a very busy and hectic that they hardly have any time to visit a restaurant or wait in long queues for their meal to be served. This is how vending machine culture has become popular. They can now have a complete and healthy meal by visiting a vending machine.

If you think vending machine services are just limited to dispensing meals alone, you are thoroughly mistaken. Modern vending machines from planet Antares are capable of dispensing almost anything i.e. right from coffee, candy, newspaper to CD and DVD’s. Modern vending operators are also smart enough that they are very careful while installing their machine. Since these machines are strategically placed in perfect places these generate huge business. Vending business works on a simple logic. For instance- you will not find a candy machine in a diabetic clinic.

So if you are looking at starting a vending business, then try to understand what customers look for in a vending machine? And what is that which can attract them the most.

Tips before Starting a Vending Business

Now that we are aware of the advantages of this business, let us look at some vending business tips that help you to succeed and make huge profits.

How to start the business? There is a lot of ambiguity in minds of lot of people when it comes to starting a vending business. A thorough market research is very important as it helps you to understand the demand, various models of vending machines available in the market, latest products, and customer needs and competitors strategies.

There are different types of vending machines available in the market which includes snack vending machine, food vending machine, candy vending machine, toy vending machine, coffee vending machine, mineral water vending machine and many more. Planet Antares machines are usually the choice for the most coz of its stylish design and robust performance. Besides soda, cigarette and popcorn vending machines, gumball and candy machines also have high earning potential. It is important that operators choose products that have long expiry dates.

After deciding on what to sell, choosing the right location is your next step. Crowded and busy streets, commercial areas, airports, restrooms, bus and railway stations or any other place with large number of people gathering is ideal for starting a vending business. For making this business a success, you need to reach out to people and this can be possible only if you locate your machine in the right area.

Change of currency is one of the most common problems with vending machine business. An operator should always be alert and ensure that the change drawers are emptied regularly so that people will not face any difficulty in buying products of their choice. Operators should also ensure that products are labelled properly especially in case of those products that cannot be seen while purchasing.

Theft is also a major concern in case your vending machines are located outdoors. These issues should be dealt carefully in order to protect your business interests. Operators should also give due importance to maintenance of their machines, detect and rectify technical errors immediately to avoid loss and offer uninterrupted services to their customers.

How To Distinguish Quality Vending Machines?

Irrespective of what other reasons we attribute to take up a vending business, the main aim of all operators is to make huge money. But with the fear of spending more money while purchasing a new vending machine, some of us compromise with a used machine. This is the biggest blunder committed by any vending operator.

It has been proved time and again that more than twice the amount saved in purchasing a used machine is spent on its future maintenance and repairs. Hence it is always wise to purchase a new vending machine from reputed manufacturer.

If you have money crunch, buy a simple machine instead of going for hi-fie version with latest features. Once you are successful, you can buy a higher version with the profit made from your existing business. Purchasing a right machine will not require you to devote endless hours checking on its working efficiency. Thus you can save a lot of time and money on repairs and maintenances of these machines.

Vending machines can be graded in to three categories:

Grade C vending machines: The body of these machines is made up of plastic. This makes them weak and also less reliable. These machines are more prone to frequent break downs and early wear and tear of components. Moreover, these machines are not very attractive to look at and hence not suitable for high profile locations.

Grade B vending machines: The body of these machines is made up of metal and hence are definitely better than grade C machines. However, there are still several issues with these machines. These machines are subject to more wear and tear and catch rust easily. You will have to regularly check on these machines to find out if there is any corrosion that may further damage the products stocked in the machine.

Grade A vending machines: These are undoubtedly best quality vending machines from reputed manufacturers like Planet Antares. It includes high quality metal and plastic components. It is definitely better that grade B and C machines and has combination of best features of both the above grades.

All this information helps you in choosing the best kind of vending machine.