Wednesday, December 16, 2009

Vending a Reliable Business Opportunity

Vending as we all know is one of the oldest business opportunities that have been in existence in the first century BC itself. However it gained prominence only in 1800’s. Initially these machines were used to vend holy water in Egyptian temples. Later as people started realising the advantages associated with these machines, they were used to vend postcards and gumballs. Thus these machines had to undergo a lot of changes before reaching their present form. Modern vending machines are used to vend almost all kinds of products.

Snack and soda are the most commonly used vending machines. These originated in 1940’s and had multi selections which accepted multiple coins. However, there were some drawbacks in these machines. They were unable to dispense change and had only limited selection options for the customers. These were completely mechanical machines and required no power supply at all. Electronic and technology improvements have gradually resulted in innovative vending machines that started accepting currency. This is how vending machines evolved.

As more and more operators were keen in using vending machines, Manufacturers continued to produce better versions of vending machines with improved efficiency and reliability. Like any other business, proper operations are the key to success in a vending business. So before you set up your business, analyze the market, look for various kinds of products, various locations, new market avenues and various types of vending machines available. All these factors influence the success of your business.

Based on financial limitations and budgetary limits set up by operators, vending operator can either purchase a new machine or go for a used machine. In either cases each of them has its own set of advantages and disadvantages. When it comes to new vending machines, they come with latest features, more efficient, low maintenance costs and warranty. However, they are little expensive.

Used machines on the other hand require tremendous repair work before it actually gets into working condition. Even though the initial cost is less, time and repair costs can become very expensive.

A little care and careful planning can make vending a very profitable business.

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