Benefits Of Note Acceptors In Vending Machines

While customer service is important, the primary goal of every business is to earn profits. Commonly, this profitability is measured in terms of return on capital. If you are able to supply good quality products through well functioning vending machines, your business sales will be definitely high. However, high sales should be accompanied by low cost of operations to get maximum profits.

Many industry professionals and online informative sites advise beginners to go for simple, coin operated vending machines. These are easy to operate, service and provide all-cash income to vending machine owners.

But with time, you will realize that business expansion is necessary for sustainable returns. This means that you will have to purchase new machines, look for new locations and try new products. All this will lead to increased expenses and overheads.

If you are facing such a situation but don’t know how to improve business profitability without excessive spending, the simplest way to do so is using note acceptors.

Firstly, the note acceptor will allow more people to buy products. Customers don’t need to have change in the form of coins alone for getting the desired products. Your income will not only be maintained, but increase substantially.

Secondly, taking out the bank notes is easier than collecting coins. Many times, you will find spare change or coins lying on the floor below the vending machine. This is infrequent in case of Planet Antares vending machines with note acceptors.

Thirdly, note acceptors are a great investment because of their ability to provide higher return on capital than the amount spent on them. The average cost of a note acceptor is $500 which is much lower than the cost of a new vending machine.

Even if you invest in these devices for all your vending machines, it is worth the expenditure due to the increased sales and profits within a short period of time. You don’t even need to bear the burden of maintaining a new machine, just update your existing equipment.

The important decision is regarding the timing of such updation. How will you decide whether a simple coin operated vending machine is ready for a shift to note acceptor? This requires proper analysis of the various locations and vending machine performance. For machines making over $100 per week, a note acceptor can be recommended. Normally, you can expect a sales increase of about 10% with such updating.

The location of your equipment and target customers will also have a bearing on the success of vending machines with note acceptors. While some locations may have low collection of notes, you will hardly come across one with no user going for this payment option.
All in all, note acceptors are a reliable way of increasing business profitability for people who don’t want to spend too much money as investment in new vending equipment and products.