The vending industry is very elastic when it comes to the items that are sold. You can choose from phone cards to candy and from ice cubes to DVDs. The product you choose to sell will be strongly influenced by the location you intend to place your vending machine, which will in turn dictate the amount of money that you will need to invest. With so many decisions to make it is no wonder that most new entrants into the business are in doubt about the product that will help them to maximize their vending machine sales. So here are a few tips to help you make a well-informed decision.
If your primary constraint is the amount of money that you can invest, then the most fitting choice would be to go with a machine that costs you in the vicinity of $50 up to $3,000. Smaller machines that sell gum balls, candy and nuts would be at the lower end of the scale. It is important to remember that the cost of the machine will vary greatly depending on its features. For instance, a machine with a sound and light display will be more expensive than a simple globe machine even though both may dispense candy.
The next step up to finding solid vending machine sales would be snack or soda machines. Buying a unit that dispenses either of these products will be cheaper than buying one that dispenses both products, but only you and your supplier can determine if the extra cost is warranted. Normally, a soda or snack machine will cost you between $900 to $1,500. But a combination machine — one that sells both products — can cost between $1,000 and $5,000. For comparison purposes, high-end machines include ones that dispense ice and water which can cost between $15,000 and $130,000.
If your consumer base is comprised of children and teenagers, you may want to choose products like soda, candy, gum balls, and chips, etc. Also most people are fairly health conscious today. So products such as cereal bars, milk, health drinks, low fat snacks are turning into customer favorites. Prepaid phone cards are also showing good sales figures when placed at bus and train terminals.
No matter the product you decide to sell, the ideal location will be one that receives high traffic with the highest interest in the product. This ensures optimal visibility and therefore maximum vending machine sales. Popular locations include airports, office buildings, schools and hotels.
Being a vendor means you do not need a lot of employees in the beginning assuming that you are in good physical condition and able to lift supplies. This translates into you having fewer expenses and maximizing your profits.