Vending.com - Blog

Finding the best location for your vending machine

At the cost of sounding cliche, the top three of the five most important factors for success in the vending business are location, location, and location. It won’t be surprising if the other two are location too. Winning the right site for the vending machine is the first step towards monetizing the capital investment made on the machine. It influences critical business metrics like sales, profits, and average revenue per user. Choosing a poor location for a fancy piece of vending equipment is like keeping your gold in the bank and paying rent for safe keep. It is not only a poor use of your asset, but it also burns more cash for the upkeep. Incidentally, you could check out Vending.com’s profit calculator to simulate your earnings.

Need for a new location

Vending businesses are always looking for new machines and locations to place them in. The location is where their business starts generating returns or cash. Each vending business owner has their own drive to expand or enter a new location.

  • Starting a new vending business

Vending is a lucrative business with low barriers to entry. Vending machines are easy to use, not too expensive, and quick to generate returns. First-time investors of the vending industry who are looking to save for a rainy day are hungry for new locations. Location owners prefer working with them as long as they are in for the long haul. Vending.com has a specialized focus on helping entrepreneurs becoming successful.

  • Expanding to a new location

Vending machine owners who are already in business are also looking for opportunities to expand. They often start close to their base of operation and slowly expand to adjacent locations.

  • Choosing the right location for maximizing growth

Businessmen who are trained hands at the vending business always seek to maximize growth. If they identify an open opportunity in a high-growth locality that can benefit from the convenience of a vending machine, they pursue it. This adds to the race for space. Our earlier blogpost covers this area.

  • Diversification of risk

Veterans in the business are not only hungry for growth but are also keen to reduce risk. Betting on one or a few locations is like putting all the eggs in one basket. So, they often try to find new localities to place their equipment with diverse demographics and preferences. This helps them tide over challenges due to lagging demand in the areas they already operate in.

Selecting the right location

Newbies and veterans alike are hunting for that attractive bit of real estate where their vending machines can serve more and more customers. But not all places have the same level of earning potential. Successful vending entrepreneurs carefully select the ideal spot for their machines and then go all-out to win the location. While there is no clear definition for the right site, common sense and meticulous consideration of certain influencing factors can help get the best location deal. Some of them are discussed below.

  • Traffic volume

All said and done, like all other retail businesses, vending is a numbers game. The more the number of transactions, the faster is the recovery of capital employed. The machine should be placed in spaces where there is a good level of foot traffic. Public spaces, offices, schools, and other public places are good examples of a good volume of user traffic. These locations often generate the most per-machine revenues.

  • Traffic quality

While the volume of transactions driven by high foot traffic is essential, the kind of traffic also plays an important role. The vending machines in the lobby of the office of an investment bank will have users with high disposable income. The average price per transaction will be higher than a school where children deal in “small change.” This also allows adjusting margins depending on where the machine is located. A good example would be when the same water bottle costs more in the office than at the school.

  • Competition

Competition in the vending business is a necessary evil. When the location you are pursuing has been hosting a competitor for a long time, the competitor continues to enjoy good sales. But it also means you will have to fight harder. Fight harder with the location owner for placing the machine and then fight harder for the wallet-share of the consumer who visits the place.

There are also advantages to placing the machine where there is competition. It is relatively easier to price suitably for the location without experimentation. A common trick is to price the competitors’ product brands at lower levels in your machine and price your unique ones at higher margins. Eventually, in a location with fair competition, the prices of all vendors settle down to similar levels. Then the differentiator is through the quality of products, availability, and the quality of the machines used. This is also an opportunity to showcase and grow your brand’s identity and recall value, and Vending.com’s marketing has the precise support that helps with this.

  • Merchandize

The merchandize that is sold in the machine also varies as per the location. Protein shakes sell almost exclusively at the gym. There is very little chance that an office employee will shell out change for a protein shake at the cafeteria. Potato chips at the gym might only the serve the purpose of testing the resolve of the patrons. They may fly off the racks at a school or a park though.

  • Type of Vending Equipment

It might come as a surprise, but what machine you choose will also depend on your location to place it. The table below shows how certain types of machines will suit almost all the locations, while others fit only a few.

LocationCombo Vending MachinesDrink Vending MachinesSnack Vending MachinesFrozen Food MachinesCoffee Vending Machines
Schools and Universities
Offices
Hotels
Shopping Centers
Hospitals & Care Centers
Government Offices
Transport Service Centers
Gyms
Manufacturing Facilities

Conclusion

Vending business owners can consider work half done when they have scored the best locations for their machines. From there, it is just making them rain.

Experts at Vending.com can guide you to get your new vending business off to a flying start or race ahead of the competition. To know how to pick the best vending machines for your location or suitable locations for the equipment you have in mind, talk to us at 1-855-929-1042.

VC-Blog-Banner

Full Profit Vending Program

What does a full profit vending program look like? How much can you, hypothetically, make from your vending machine? Check out our price recommendations below.

Can cold drinks (Major Brands)
Vend Price———————————————————————————————-$1.25
Cost per can———————————————————————————————–.32
Profit per can————————————————————————————.93

Bottle cold drinks (16.9oz-Major Brands)
Sale/Vend Price—————————————————————————————$1.50
Cost per bottle——————————————————————————————-.67
Profit per bottle——————————————————————————–.83

Bottled Water-#1 Selling Beverage (16.9oz)
Sale/Vend Price—————————————————————————————$1.25
Cost per bottle——————————————————————————————-.13
Profit per bottle——————————————————————————-1.12

Chips-Top Name Variety Pack (50 Ct.)
Sale/Vend Price—————————————————————————————-$1.25
Cost per bag———————————————————————————————–.28
Profit per bag————————————————————————————.97

Candy-Top Name Variety Pack (30 Ct.)
Sale/Vend Price—————————————————————————————$1.25
Cost per candy bar————————————————————————————–.70
Profit per candy bar—————————————————————————.55

AVERAGE PROFIT PER SALE: $.88

For more information, contact Vending.com by calling 1-800-548-1982.

VC-Blog-Banner

How to Find Locations for Your Vending Equipment

A common question asked by new people getting into the vending business is, “Where is the best place to locate my vending machines?” Some new vendors will get permission to place their machine(s) at places such as their own place of business, a relative or a friend’s business or a business where you know the owner. To assist further, we have listed below a number of businesses to consider when placing your machines. Keep in mind, you are not asking the business owner to buy anything. You are providing a FREE service to them, their employees and their customers!

Start small, one machine at a time

Local businesses with 30-50 employees and businesses with a good number of walk-in customers are good places to start. Choose businesses in your area close to your house. A short driving distance from home is ideal.

Tell them about your “Free” Vending Service

Ask for the manager or owner and ask if you can place one of your new Express Combo drink and snack machines in their business at no cost to them. We recommend you dress professionally and take a brochure about the Express Combo to each location. Be sure to let the business know that you will keep your machine filled with all the top brand products including some healthy selections at standard product pricing.

Replacing old machines with the new Express Combo Vending Machines

A good number of businesses will already have old, outdated vending machines. The odds are high that their current vending machine(s) do not accept credit/debit cards and do not have the guaranteed product delivery feature. The Express Combo, however, has all of these features! It is not too difficult to convince a business that you have a better vending program to service their employees and customers.

List of Locations

Here is a list of possible locations where vending machines can be placed:

  • Amusement park
  • Apartment building
  • Assisted living center
  • Auto brake shop
  • Auto dealership
  • Bank
  • Bookstore
  • Bowling alley
  • Bus station
  • Business office building
  • Car wash
  • Community center
  • Community swimming pool
  • Computer store
  • Dormitory
  • Driver’s license division
  • Dry cleaner
  • Fire station
  • Fraternity/sorority
  • Furniture store
  • Golf course lounge
  • Gym
  • Health club
  • Hotel
  • Humane society
  • Industrial park
  • Laundromat
  • Library
  • Manufacturing plan
  • Medical building
  • Meeting hall
  • Military Reserve/ Guard Center
  • Military Treatment Facility
  • Motel
  • Motor Vehicle Division
  • Motorcycle Shop
  • Muffler shop
  • Nursing Home/ Retirement Home
  • Oil & Lube Center
  • Police Station
  • Private School
  • Public Utility Office
  • Railroad Station
  • Recreation Center
  • Rental Yard
  • Roller Skating Rink
  • School
  • Senior Center
  • Shopping Center
  • Ski Resort
  • Stock Brokerage
  • Telemarketing Office
  • Tire Store
  • Tourist Attraction
  • Truck Stop
  • Trucking company
  • Veteran’s Affairs facility
  • Veterinary office
  • Waiting room (of any kind)
  • Warehouse
  • YMCA
  • Youth center
  • Zoo

Are you ready to get started? Contact Vending.com by calling 1-800-548-1982 today!

Vending.com - Financing-Options

Financing Options

The biggest challenge to investing in vending machines is capital, but it does not have to be.

Vending machines are the proverbial cash-cows that individuals and businesses can earn a constant source of additional income from. But for some, the cost of buying one can delay the decision to invest in other vending machines and vending technology. Leading vending machine manufacturer, Vending.com, a Wittern Group company, has a history of solving this challenge for interested investors.

For more than 50 years, they have put the power to invest in vending machines in the hands of interested investors both big and small. With financing features like:
• Flexible repayment arrangements to meet cash flow
• Specialized programs to increase sales
• Up to 48-month terms
• Quick credit approval process

buying a vending machine can be easier than buying snacks from one.

Why invest in vending machines in the first place?

An auxiliary source of income never bites. People have always looked at hedging the risks in their income by creating sources that make money for them when they are busy. Vending machines can do just that for you. Like the legendary Warren Buffet would say, this would be the way to make money while you are sleeping.

But it is not just that. Vending machines at establishments like gyms and salons can bring great convenience for your customers and visitors who no longer have to haul bags of water, beverages and health snacks. This can improve customer loyalty and bring recurring footfall that increases your main business. Yes, it is true that vending machines not only help you make money by selling merchandise, but also helping you improve your customer retention. Afterall, happy customers have no reason to try your competition if you make their life easy.

For hospitals, educational institutions and community spaces, vending machines solve a different set of problems. Apart from giving accessibility to people in need of essentials, they help us all focus on our real reason for being in these places.

How to address the financing problem for your vending machine investments?

Now that we have clearly seen that individuals and businesses alike can benefit from buying and installing vending machines, the next inevitable problem is the capital requirement. While individuals and small businesses can get a tangible increase in income from vending machines, the availability of capital makes it difficult for them to invest. It might make it less attractive to dip into your reserves or vacation savings, even if one knows that there will be guaranteed returns in the long run.

The story is the same for small businesses when it comes to choosing between paying the bills versus investing in vending machines. The problem is not small for large establishments either. At the end of the day, removing valuable cash or capital from operations is likely to have impact on operations. This is where financing options like the ones Vending.com provide make it attractive for anybody who might be interested.

Financing is not just for making that first step into the vending world. It can help achieve scalable growth by acquiring more machines to amplify your success.

So what does Vending.com offer as financing options?

Vending.com provides a variety of plans ranging from 6 to 48 months. Each one of them come with attractive APR rates. Consultants engage with buyers to identify the best plan that suits investment appetite and repayment capacity.

What is more interesting is that the financing options are available for not just the machines but for the parts as well. What does that mean for the average buyer? The technology behind vending machines is growing in leaps and bounds. From contactless transactions, to UV sanitization and intuitive back-end web-based device management, there are a lot of ways to monetize your machines. This means that customers can continue to upgrade their machines with the necessary components that can help them generate more revenue. As Vending.com’s financing plans are extended to the parts, making that decision to invest in technology that gives you more revenue becomes a no-brainer.

How can one apply for financing from Vending.com?

Vending.com realizes that having such attractive financing options can only be beneficial if interested investors can easily apply for and obtain financing. That is why they have made the application simple and straight forward. One could try the online application form in this link or download the physical application.

Even the estimation of profit before you make the purchase decision is child’s play with this tool that helps you calculate your returns.

Vending.com’s financing plans, combined with the ease of application for finance and the attractive returns on investment, are very good reasons to make that foray into the vending business. A financing specialist will assist you all the way through this secure process.

You can ask for help on this page here, or call 1-855-929-1042.

Disclaimer: Financing is only available with approved credit. (WAC)

Tax-Deduction-Blog

The 2021 Section 179 Tax Deduction

Did you know that with the Section 179 Tax Deduction, you can deduct the full price of new vending equipment? This incentive for business owners expires at the end of 2021, so take full advantage today! Find out more about the benefits of this incentive and how it can help your vending business by watching the video below.

For more information about Section 179, give us a call at 1-800-548-1982 or contact your sales representative today!

Prepare for Winter with UVend Technology

Are You Prepared for Winter?

The cold, winter months are going to be here before we know it. Not only does this mean colder weather, but it means that we will see an uptick in illness, whether it be a cold, the flu or COVID-19. Believe it or not, there is a lot that can be done with your vending equipment in winter to ensure your customers are satisfied. 

MarketOne Coffee Vending Machine

For many customers, the cold weather settling in means that they crave a hot beverage in order to keep them warm. Enter the new MarketOne Coffee Vending Machine. It features a European design and a state-of-the-art brewing system for customers to receive coffee shop-quality from a vending machine with the push of a button. Keep customers warm by giving them the option to choose from up to 34 hot beverage combination options of coffee, hot chocolate, tea, espresso and more.

UVend Technology

Give customers and employees the safer vending experience they have been craving with UVend Technology. UVend Technology, a patent-pending UVC light sanitization device, makes the high-touch surfaces of vending machines safer by quickly killing or inactivating up to 99.9% of some of the most common viruses and bacteria, including influenza and COVID-19. 

To provide an extra layer of protection, UVend Technology features an automated motion sensor and visible blue light. The motion sensor ensures no presence is detected in front of the machine before activating and the blue light indicates quick sanitization is in process, allowing the machine’s keypad and delivery door to be sanitized after almost every use.

Sani-Center Vending Machine

Vending.com’s Sani-Center PPE Vending Machine limits face-to-face interaction by safely dispensing cleaning supplies, medical masks, hand sanitizers, wipes and more to customers. It allows customers safe access to supplies they need while generating revenue for your business. One of the biggest Sani-Center benefits is the capability for customers to purchase items through a cashless card reader or mobile payment platform, further reducing direct contact with the vending machine.

Looking for more ways to give your customers an extra layer of protection during the winter months? Call 1-800-548-1982.

Vending Products for Each Generation

Finding a location and purchasing a vending machine is only part of building a successful vending business. It is also crucial that you choose the right snacks to go into your vending equipment based on your location’s demographic in order to ensure your business is as successful as it can be. Follow along as we break down the most popular vending products of each generation.

Generation Z

If you think Gen Zers are going to consume copious amounts of pop products, think again. While this generation does enjoy a beverage that gives them energy, they are more likely to consume coffee products, as opposed to popular pop products that we have seen previously. Additionally, this generation often turns to smoothies and sports drinks. As winthruster Gen Zers begin entering college, these are the types of products they will be looking for on college campuses.

If your location is mainly comprised of Generation Z, we recommend installing the Coffee Vending Machine. It provides customers with gourmet coffee and hot beverage options with coffee shop quality. 

Millennials

When it comes to filling your vending machine at a location that is highly populated by Millennials, such as an apartment building or some offices, consider what is going on around you. According to a study, Millennials are influenced by the opinion of others. If there is a snack or beverage that is circling the web, chances are, Millennials are dying to get their hands on it. Another great option is to fill your vending machine with healthy snack and beverage products.

Instead of having two separate vending machines with one filled with snacks and one filled with drinks for Millennials, we recommend installing our most popular machine, the Express Combo Vending Machine. Millennials will be able to purchase their favorite healthy snacks and beverages, all from one vending machine.

Baby Boomers

When it comes to appealing to the older generation, such as Baby Boomers, it is important to note that their palettes are not the same as a Gen Z or a Millennial. In fact, many Boomers are searching for snacks that are low in sodium and high in protein. Additionally, while Gen Zers are turning to coffee, Baby Boomers are in search of a beverage with little to no caffeine. 

For locations with a high population of Baby Boomers, we recommend installing one of our newest vending machines, the MarketOne Snack 6W. With up to 71 selections, customers will love the variety of low-sodium, high-protein snacks and food products that this machine has to offer.

When building your vending business, consider the demographic that your vending machine will be placed in order to fill your machine with the correct products. For more information, contact Vending.com at 1-800-548-1982.

Vending Machines – A Controlled, Safe Method to Provide Food and Beverages to Consumers – Part I

Why Vending is the Ultimate Controlled Dispensing Solution for the Convenience Services Industry

https://www.youtube.com/watch?v=jUH5KWngtmM&feature=youtu.be

As organizations modify their operations and procedures to best keep employees and customers safe in response to the COVID-19 pandemic that is sweeping across our nation and the world, the need to safely provide food and beverage options remains critical.  

According to the National Merchandising Association (NAMA), “Through our unique food distribution system, our industry can be the greatest source of “contactless” nourishment to over 40 million consumers with food and beverages daily, and it is all accomplished in an unattended retail environment, often with round the clock availability.”

Federal and State governments, along with the CDC, are encouraging social distancing, including reducing or eliminating face-to-face encounters with alternative options such as contactless delivery and self-serve options.  In workplaces, this includes re-evaluating how food and beverages are offered to employees. For example, in the past weeks, many organizations have shuttered cafeterias to help prevent the spread of COVID-19.

 Recently the NIH and CDC released information on the Coronavirus’ lifespan on surfaces.

  • Airborne: 30 minutes to 3 hours
  • Cardboard: 24 hours
  • Stainless Steel: 2 days
  • Plastic: 3 days

These guidelines have prompted many organizations to further re-evaluate self-serve convenience service options deployed in their organizations such as unattended retail markets.  The risks in these applications is that the food and beverage products are not controlled in such that consumers can pick-up products and return them to the shelves for the next consumer to handle.  With COVID-19 having up to a three-day lifespan on items such as bottled beverages and clamshell salad containers, unattended retail applications may pose a risk of being a spreading point within organizations.

Unlike unattended retail markets where consumers can access and return the food and beverage products, vending requires consumers to purchase the product(s) before the consumer is able to touch the product(s).  Just think in a micro market setting how many people before you may have picked up that plastic bottled beverage or salad in a plastic clamshell before you and put it back on the shelf.  

Besides the product itself having the opportunity to be handled by multiple people in a micro market application, another consideration is the cleanliness of micro market hardware itself.  For example, when consumers access products in micro markets they often come in contact with shelving holding the product. You have risk of direct exposure on the shelf itself, as well as transfer exposure from the product.  Being full secured access, this is not a concern or risk when it comes to vending, as only the operator has access to the interior of the machine including the shelving.

Vending offers the ultimate secured access solution and allows organizations to safely provide employees and consumers with food and beverage products, with little to no risk of contamination from numerous other individuals handling the product.

According to the European Vending Association, “Vending machines are a reliable and safe way to obtain food and beverages. Vending machine operators place food safety as top priority in their daily service, and are trained in protection against infections. During the current health crisis, operators have also put in place measures to ensure that the disinfection of machine surfaces is also carried out as regularly as possible.”

For more information or other equipment questions, please contact Vending.com at 1-855-906-5163. 

What products are recommended to safely clean and disinfect vending equipment? Check back soon to find out in Part II.

Custom Vending Machines

Custom Vending Machines

When you think of items that can be dispensed in a vending machine, what comes to mind? We are going to venture a guess and say that it is either snacks or beverages. In the past 15 years, however, vending machines have grown to dispense more than just food and drinks. Now, you can sell just about anything to help you grow your business with custom dispensing machines from Vending.com.

Fitness vending machines not only increase your bottom line, but they also allow your trainers to do what they do best — train! Vending.com offers fitness merchandisers that offer snacks, beverages, earbuds and towels to your fitness members. We also have lockers available to give members access to larger items, such as fitness equipment and protein powder.

Give customers the capability to access car care products without having to worry about store hours. The Auto Vend Plus+ Car Wash Vending Machine is an outdoor machine that provides car wash supplies and drinks to customers, no matter what time of day they need it. It even allows you to sell products of varying sizes, as most of the trays are reconfigurable. 

Enhance your customers’ laundromat experience with the Laundry Center Vending Machine. It provides patrons easy access to detergents, fabric softeners and other laundry goods, while increasing your center’s profit. It eliminates their frustration by purchasing the products they may have forgotten, without having to leave the facility. Plus, the pull-out, tilt trays are adjustable to fit many shapes of products.

While our machines may not be able to vend bowling balls, they can still provide patrons with supplies that bowlers crave, even when the pro shop is not open. The Ebonite Bowling Supplies Vending Machine has the capability to sell a number of supplies, such as bowling socks, wrist support liners and a bowling towel. Each machine has pricing flexibility that ensures you always have control of your vending machine.

Vending.com offers vending equipment that will add value to any business, including custom dispensing machines. Check out our selection of specialty vending machines and contact us at 855-929-1003 to find out how our machines can help your business.

Free Vending for Business Owners

Free Vending for Business Owners

As a business owner, you are always looking for new ways to boost morale among your employees in order to increase the bottom line. This can be through incentives or even an email for a job well-done. Another idea, however, would be to ensure that your breakroom is fully stocked with snacks and beverages. This can be easily accomplished with free vending machines.

As a business owner, you have a lot on your plate. That is why we have made our Full-Service Program absolutely free for you. In fact, you do not even have to worry about servicing the machine. Our operators will stock the machine with your favorite snacks, drinks or food, so you can keep your employees full and focused throughout the day. 

There are many advantages to having a vending machine in the workplace. One of the biggest advantages is increased productivity. Instead of taking time out of the day to go to a convenience store for a snack or beverage, employees can take a few minutes, go to the machine and go right back to work. It will allow them to spend more time working on projects and less time searching for food and drinks.

Of course, not every business will qualify for free vending. In order to qualify, your business must have a minimum of 30 employees, or be in a high-traffic location, such as a mechanic’s shop. This way, the operators will be able to justify placing a vending machine in your business and keeping it there for the long-haul. 

A vending service in your office should not be a burden to you. That is why Vending.com wants to help connect you to an operator to place a machine in your business and help you increase employee morale. Get started today by filling out this form or calling us today at (866) 657-7549.