How To Start A Vending Machine Business
Selling or renting out vending machines is an upcoming business opportunity that has been taken up by many people and also has benefited significantly. These machines are very common around public places such as shopping malls, train and bus stations, offices, universities etc. With the increase in the use of vending machines, it could actually be beneficial for you to start a business. So here are the steps you need to follow.
1. Decide on the type of vending machine
The standard candy and snack vending machine are not the only ones in the market nowadays. People are using them to store and disperse many products such as coffee, stationery, toiletries and many more. Hence you first of all need to decide what type of vending machine you’d choose.
2. Find a vending machine dealer
Go through some newspapers, business magazines and websites to find a dealer. The snack and coffee machine suppliers in Dubai are not that hard to find. Contact many and compare prices before making a decision since this can be a significant investment and you don’t want it to go wrong. Select the dealer with the lowest price; however make sure the product quality is up to standard. Also make it a point to contact the relevant authorities to verify his license.
3. Find a whole sale product supplier
Now since you have decided the machine you want, you have to find a whole sale candy or coffee or stationery supplier who could provide you with the items at the lowest price in the market.
4. Locate your machines well
Choose the busiest areas in the country and place your vending machines accordingly. With the increased number of people passing by every minute, your vending machine will surely attract many customers. Also, get in to agreements with managers of offices so that they would earn a commission according to your total sales.
5. Get to know your environment
If you are placing your vending machine at an office, ask around what kind of snacks they like. According to their responses, you can decide on what food and beverages should to store in the machine. Also, make sure the machine is full when you rent it out and also do a test-run to make sure it is working properly.
Visit the machines every two to three weeks so that you could check if they are functioning properly. Refill the relevant machines with coffee beans, candy bars, drinks and any other items needed. Also, rotating your products in a way which the oldest ones come forward is very important.
These few easy steps will be of great use if you are planning on starting a vending machine business it has come to be very profitable nowadays.