Meghan Casey Soda Machine April 17th, 2017 - 18:25:46
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.
When you purchase all your beverages from that one supplier you will be paying full price. Another way to go would be to purchase a second hand soda machine so as to see higher profits. Buying used allows you to get a discount off the machine; it could be 50% off the cost. It is sometimes possible to purchase a refurbished soda machine from the distributors at a much lower price that the new machines. Once you own the machine outright you are not restricted as to where you can purchase your supplies. In this way you will be able to buy from any supplier and even take advantage of sales offered by wholesalers. Another possibility is buying your supplies from a supermarket where you may get the beverages at less than the wholesale price.
If you have a soda machine on your property and you pay for electricity to run that machine you could be spending a decent amount of money providing electricity to it at times that no one is around. The result is a significant amount of wasted money and energy over the course of a year. In some areas its costs over $500 per year to operate a soda machine. There are a few options to solving this challenge including: removing the lights (delamping) unplugging putting it on a timer and installing VendingMiser.
Purchasing the beverages in this way will give you a greater profit margin. In the past the schools were the best places to position the soda machine. Now that the machine is not allowed in schools you will have to decide on different products to sell in them instead. There is a demand for beverages in the schools. Some are fruit juices milk and bottled water.