Drink vending machines are a mainstay in most vending lineups and can be found year-round in most locations. Vending.com noticed that Coca-Cola recently launched a machine in Spain that adjusts the price of your drinks depending on the on temperature.
These machines were placed in water parks and theme parks and the surprising pricing strategy was that the prices of cold beverages actually went down as the temperatures went up. With three different price points depending on how high the thermometer was reading, these machines sold drinks for the least amount of money when the temperature was the hottest.
The reasoning behind this pricing strategy was that hot and busy days at these amusement parks would be a good time to test a new Coke beverage, so decreasing the price on hot and usually busy days meant that the new drink got into more people’s hands.
Most vending machines for sale currently do not offer features to adjust the price based on external conditions such as weather. Adjusting prices based on time of day, number of people around the machine, or weather conditions could open some interesting marketing strategies. What conditions would you have your machines’ prices fluctuate with?