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Wednesday, September 19, 2007

Planet Antares Vending Tips: Impact Of Vending Commissions

A successful vending business is characterized by effective location of vending machines. After all, your equipment itself is your salesman. Commonly, you will have to pay commission to business owners to keep your machines. This may vary for different machines and locations.
Basically, the commission is the amount of money paid to companies from the revenue earned by vending machines. The standard rate is about 7 - 10% but it may vary from 3 – 50% for different locations. The commission is usually negotiated between the vending operator and business owners before signing the service agreement.

The average service contract has a validity of one year. After the expiry of such time period, it has to be renewed or canceled. Usually, the service contracts provide for automatic renewal of agreement at the end of a specific term.

With the increasing emphasis on cost reduction, vending operators may feel that vending commissions are a financial drain. However, the success of your vending business does not depend on this factor alone. It is more important to improve operational efficiency and business management rather than cutting commission rates. A good vending operator should make sure that the expected profits are sufficient to cover the ROA (Return On Assets) requirements. Then, the surplus profits can be allocated to the business owners as commission.

If commissions were to be entirely eliminated, the vending operators would get even lesser ROA than they earn after paying commission. This is due to the fact that a high level of profits would force vending operators to invest in other areas of the vending business, if not in commissions. This means that business owners would have to be offered new technology, updated equipment, attractive products, lower sales prices and other add-on services. All these factors could result in much more expenses and consequently, a lower ROA for the vending machine operators.

An alternate perspective can be much more effective in such a situation. Instead of cutting down, if you increase the vending commission for premises owners, you can actually increase your market share. This happens when you pay a higher commission in return for a certain increase in product prices. This helps in maintaining your profits as well as satisfying current and potential location owners.

Your vending machine sales may fall initially but they will soar once the customers have adjusted to the price change. Then, the Planet Antares Vending business proprietor will be more than happy to keep your machines and earn substantial profits as well. Remember that your business profitability depends on the product and machine selection, inventory control and technical service, rather than the commission rates. A well managed vending business can use commissions as a tool to earn higher returns.

Tuesday, September 11, 2007

How Does A Beverage Vending Machine Work?

A beverage vending machine is one of the most popular kinds of vending machines. It is used for dispensing soda, juice, bottled water and many other beverages. These should be placed strategically to get maximum exposure and access by customers on the run and those who are waiting at busy places.

To understand the workings of the beverage vending machine, you need to know about its various parts and components. Read on to comprehend the mechanism behind your friendly, neighborhood vending machine.

Basically, a Planet Antares vending machine involves an effective combination of technology and methodology. When you insert coins or money in the coin receptacle, the machine detects through a currency detector. It should be enough to make the required purchase from the vending machine. As soon as the machine verifies this, it will dispense the desired beverage.

New vending machines accept paper bills and credit cards as well as coins.

The cold temperature inside the vending machine is maintained by features such as polystyrene plates and platinum coating. There is a big slide in which the beverages are stocked to place them in the vending machine. To purchase a particular beverage, customers must select the relevant button at the front of the machine.

There is a rotor at the end of every bin which puts the desired beverage into a shaft. This is the channel through which the cans move till they reach the dispenser. Once the beverage reaches the dispensing area, customers can take the beverage ordered by them.

A beverage vending machine has a sensor installed in the bins which detects the amount of stock which is present in the machine and flashes a red alert light when a particular beverage needs to be refilled. This can help you to avoid manual checking of the machine as the automatic sensors will instantly tell you the time for filling the machine.

All these are essential components of a vending machine, especially beverage vending machines. You can get reliable vending machines from reputable vending machine suppliers like Planet Antares Inc. They provide a variety of machines for different kinds of beverages and other products as well as after-sale services like locating, refilling and repairing of machines.

Everyone wants a refreshing beverage when out shopping, traveling or simply taking a break from work. The beverage vending machine is the perfect quick fix solution for it. If you are planning to set up a vending machine, this is a great opportunity for a low-cost, high profits business.

Monday, September 03, 2007

Questions To Ask Before You Buy A Snack And Soda Vending Machine

So you have decided to buy a vending machine and start your own vending business. There are different types of vending machines like bulk candy machine, snack and soda machine, toy vending, digital products vending, hygiene related products vending, etc.

It is best to start with a simpler vending machine with reasonable amount of investment like a candy vending machine or snack or soda vending machine. You must ask a few questions from the vending machine supplier before you make a decision regarding the machine to be purchased.

#1: How much variety is available?

A wide range of snack and soda vending machines are available in the market with different capacity, features, quality and prices. Most vending suppliers will have a small range of equipment which may be priced low to attract customers but may not provide good performance. Make sure that you purchase a snack vending machine from a reputable supplier like Planet Antares which has a wide range of machines.

#2: Does the machine match your location?

The vending machine which you select should match the location requirements in terms of employees needed to maintain and service it as well as customers accessing it. A snack or soda machine should be tested for its capacity, refilling frequency, etc. You must make sure that the machine fits in your budget; stocks desired products and has the ability to dispense according to customer volume.

#3: Is the machine priced correctly?

There are many vending machine suppliers who provide machines to ignorant buyers at inflated prices, way above the original cost of the machine. It is important to do some research about the good vending companies and the price of different models before going for a particular machine. Planet Antares offers a large variety of snack and soda vending machines at competitive prices for all your vending requirements.

#4: How many features do you need?Many of the advanced forms of the snack and soda vending machines come with a large selection of features, which you may or may not need. While there are some useful options, you will hardly use most of these technical upgradations.

#5: Who will undertake machine repairs?

Your vending machine would not require repair for the first few years but you should be able to get it repaired quickly and easily as and when it suffers breakdown. Make sure that the vending machine supplier provides 24X7 technical and customer support.

#6: What are the costs involved?

When you purchase a vending machine, there may be additional costs of delivery, location and repairing as per the services offered by the vending machine supplier and the terms of the service agreement. Check whether all the costs are included in your order form so that you don’t have to pay for expenses which were not disclosed earlier. Ask for instruction manual of the snack or soda vending machine and also, the insurance or guarantee of the machine.

Remember that a little research and prudence can help you make a wise decision, one that can lead you towards higher profits and a successful vending business.