Negotiating Vending Commissions For Planet Antares Vending Business
If your account analysis indicates that you are not making a profit at an account, this implies that it is time to approach the manager and attempt to renegotiate prices or commissions. Some of the strategies for reducing commissions for your Planet Antares vending business include:
- In case the account performs overall but several machines are not making money, ask to pull those machines or offer to continue to service them without payment of commissions on just those machines.
- Stepped commissions can offer a win-win solution for you and your customer. In such ways, you can pay higher commission rate on only the Planet Antares vending machines or locations that meet a predetermined threshold.
If the account is unprofitable and the owner is not willing to renegotiate, you can consider walking away without looking back.
When you need to renegotiate a contract to stay profitable, there are several things to be done to differentiate yourself from your competitors. This also allows you to charge higher prices than your competition. Some examples of great value added hooks for your Planet Antares vending business include:
- Install remote monitoring equipment to provide better service and audited commissions. At the same time, you can beat out the competition by offering less percentage commission than that offered by the competition. This will make the prospect happy to choose better service over a higher vending commission.
- you can install a cashless payment system that allows employees to charge “keys” using credit or debit cards. These keys are accepted by all vending machines. You can freely raise prices by installing this system, since you will be offering a unique service that many would love. Once the customer realizes the benefits, they will not mind paying for it.
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