The vending machine business involves more than just getting the latest machines or selling popular items. It is also about finding the right location and knowing what people in certain locations want to buy. Study human behavior, habits, weaknesses, and which locations will bring in the most profit.
One human weakness that is advantageous to the vending machine business is impulse buying. Many people buy products from vending units because the machines happen to be at there at the right time. Some people buy things just because they are there and they can buy them. Others buy out of necessity but many of your customers will be impulse buyers.
How many times have you bought on impulse. Maybe you bought coffee from a machine on your way home when you knew that you could make your own cup in a few minutes. The same thing happens when other people walk by a vending machine. Teens in college campuses buy sodas from vending facilities when they know they can get one at the cafeteria.
You can take advantage of this impulse buying habit if you sell the right things in the right locations. If you plan to sell coffee, you might want to place machines at airports or hospitals. Other things you can sell in places where people wait are soda and snacks. They will eventually get hungry or thirsty.
Other places where you find people waiting are car detailing centers,car repair shops, barber shops, spas, train and bus stations. Place coffee, soda and snack machines in these areas too. Place your electric cigarette machine where people can see them, preferably see them when they look straight ahead. Place machines near the waiting area's seats and smoking areas if you plan to vend cigarettes.
Children love colorful plastic toys, you can find many kids in children's hospitals, pediatrician's clinics or dentists' clinics. You can also sell snacks and drinks in these locations. Even gum and candy are good sellers in clinics. When kids start to whine and beg for that red toy in the automatic electric cigarette rolling machine, their mothers will likely give in to their whining and begging after several minutes.
Stopovers are great places for a vending machine business. When travelers stop at highway stopovers to rest, they will probably be hungry and thirsty. Place soda, cigarette and snack machines at gas stations, near public toilets and rest areas. People also stop at motels or B&Bs to rest between destinations. Other travelers also stop to eat at fast food restaurants. Place soda, coffee and snack vending machines near camping sites too.
Heavy foot traffic won't make your vending machine business successful if you are selling the wrong products to the wrong crowd. It's important to match the market and the products you will sell in your machines. Do more research about your demographics to find out what people want. It's the best way to find the perfect locations for your machines.
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