A popular business mantra, location, location, location, also assists vending machine owners in making a profit. Finding the right spots takes a bit of research, but the investment yields big rewards as vending machine owners take advantage of great locations.
- Look for Foot Traffic: A vending machine combo located near a bustling train station or in a major hospital receives more business than one that sits in a secluded spot away from foot traffic. Savvy business owners research locations and collect data before strategically placing their combo and snack machines along busy routes.
- Stock Waiting Areas: Bored people eat, which makes waiting rooms an ideal location for compact mini vending machines. These small machines take up little room, yet they potentially bring in steady income for vending business owners. Suggested waiting areas include medical offices, municipal buildings, shopping centers, colleges, churches and post offices.
- Offer a Unique Selection: An area with plenty of foot traffic or near a waiting area may already have a vending machine, but those locations could be prime real estate if they offer minimal or unattractive choices. Placing combo drink snack machines in these areas provides customers with a unique selection and increases the chances of financial success.
In the vending machine business, location must be a priority. In the right spot, quality, reliable and affordable vending machines from eVending have a great chance of being profitable.