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by: RobertFarnham
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There are many elements to consider in the vending machine business so that you can be successful. One area of controversy has to do with the look of the vending machine and the relationship it has on price. I have been curious about it and from my own observations I didn't see that it was the main indicator that people were looking for. Of course I didn't do any real research but I am a people watcher.
That got me to thinking about the attractiveness of a vending machine. It seems like it really does influence sales, especially when there are many of them in the same area. People tend to gravitate towards those that are colorful and even that dispense products in a way that you can see the process through the front of the machine.
This newer machine was definitely appealing to those walking into the store, especially children. It features a design on the front of it that changes from one picture to the next. Some people stopped to look at it and I did see some people buying from it just to do so. Yet many people were counting their change and then reviewing the prices on the vending machines. It wasn't surprising that this newer machine sold products at twenty cents more than most of the others.
Not everyone will be fooled by such advertising methods though. For one, that particular vending machine may not contain the type of soda or the brand of water they are looking for. So selection is going to be the key factor for them. You will also have those that want the best price. They are going to buy from the one that is forty five cents instead of the one that is sixty five cents.
The perception you have of this can be further fueled though by the vending machine industry. They are going to try to sale you the most expensive models they have in order to line their own pockets. They sale you on the idea that you will make more money with a pretty vending machine. They are very good at their job too so they will be able to smooth talk many individuals into buying one.
It is the smart vending machine business owner though that has already done the work to find great locations for the vending machines. It isn't wise to buy them and then hope you can get them positioned at a place where you can make some money. Think about the types of vending machines that are going to be around where you are placing yours.
You definitely want to have vending machines that look nice. However, you need to balance that with the cost of them, how well the operate, and what consumers are interested in. To be honest with you most consumers don't really care what a vending machine looks like. They just want to be able to grab a cold drink or a snack and move on to the next thing in their day.
You can keep older models of vending machines looking very nice with some routine maintenance. Always have extra bulbs for the lights and make sure everything on it works like it should. When you are ready to upgrade to newer machines you need to really do your homework when it comes to prices and profits. Don't rush into buying what looks appealing or your bottom line could suffer as a result.
Robert Farnham built a profitable vending business after starting totally the wrong way. He now writes about building a vending machine business and the pitfalls to avoid. Visit his website at My Vending Uncle for more.