Melody Nielsen Soda Machine August 21st, 2018 - 02:17:14
Product Selection - You need to get the right products in front of the right people. People are obsessed with getting great locations but thats not it. A great location will only bring you half of the way. You need to get the right products in front of the people at the business or they will never use your machines. I would go so far as to even say that product selection is more important than the location itself.
Buying a used soda vending machine is one way that you can realize higher profits. You can save up to 50% of the cost of the machine when you buy used. Most times the vending machine distributors have refurbished soda vending machines at a much lower cost than that of new machines. When you own the beverage vending machine yourself you can purchase your products wherever you want. This allows you to take advantage of sales offered from various wholesalers and quite often you can get the soda you need at the supermarket for less than wholesale price. When you restock your used soda machine in this manner you will have higher profits.
Many options are available to you to get the soda machine you select for your business. There are soda bottling companies that will provide the machine without charge. You will be obligated to sign a contract with the company and will also have to agree to buy supplies only from that company. This will not allow you to shop for competitive pricing for your supplies and will lessen your profit. The company will offer incentives when you purchase their product. This may come in the form of a free case of soda when you purchase 12 cases as an example.
If you decide that you want to go into Soda vending machines you have to do some strategic planning on where you want to place your machines so that they are in high traffic areas. Keep your eye out for new businesses that are opening in the area and try to get the contract to place your machines in those buildings. Check any place where people work and see if they have vending machines in their break room. Another option would be larger churches who have meetings in their building all week. They may be willing to place a machine in their fellowship area.