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Mobile Payment Options Increase Vending Machine Sales

June 29th, 2016 | Posted by DT in Buy vending machines | Vending machines - (Comments Off on Mobile Payment Options Increase Vending Machine Sales)

CardReaderAs technology progresses, fewer and fewer consumers are carrying cash and coins. Instead, financial transactions via credit and mobile devices are becoming more common. What’s more, card swiping devices, mobile payment, and other digital payment options are predicted to overtake ‘traditional’ payment methods in the near future, making it a must have in today’s vending market.

Research reveals that 49% of consumers, and 56% of Millennials, are already using / interested in using mobile payment technology and 18% of consumers say that they would use mobile payments if more locations accepted it.

Many consumers today, Millennials in particular, rarely carry cash and prefer cashless options such as credit / debit cards or other options such as Apple Pay which will likely be a revenue driver for vending machines. In fact, a recent study that began in March of 2016 found that vending machines advertising Apple Pay increased overall revenue by 22% while contactless purchases from those same vending machines rose 89%.

With all of that said, the market for cash and coin vending is still viable so don’t scrap your traditional payment acceptors just yet. The best way to increase your profit would be to provide customers with the best of both worlds by installing both cashless payment options and coin and cash acceptors on your machines.

All of eVending’s machines are equipped with the latest electronic coin changer and bill acceptor and have a standard peripheral opening for additional payment options such as Greenlite, a cashless system that accepts debit / credit cards and mobile payments including Apple Pay.  With Greenlite, you are able to remotely monitor your vending machine’s transactions from your web-based account.

Contact eVending today if you are interested purchasing a new vending machine with a cashless system or would like to add Greenlite’s mobile / wireless payment option to an existing vending machine.

Are you ready to become a Vending Operator?

June 3rd, 2016 | Posted by DT in Vending machine business - (Comments Off on Are you ready to become a Vending Operator?)

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Vending is very much an entrepreneurs business. Vending operators essentially run their own small businesses. As a vending operator you must become a jack of all trades as you will be taking on a lot of responsibilities. You will be managing things such as product restocking, service calls, machine maintenance, finances, travel between locations, and administrative duties. While entering the industry as a vending operator may seem overwhelming, do not be discouraged as becoming a vending operator can be quite rewarding.

You may be wondering if the vending business is right for you. Let’s consider the advantages and disadvantages. As an operator owning your own vending machines, you will enjoy higher profit margins and will be allowed greater flexibility in pricing and product offerings. To enter the industry as an operator you will need money up-front to purchase the machine. Plus you will need to buy product to stock your machine.

As the factory direct supplier of vending machines, eVending in one of the only manufactures to provide in-house financing for machines purchases (based upon credit approval). eVending offers a variety of accommodating financing options, ranging from six (6) months to 48 months. Plus eVending offers no monthly payments for the first 90 days. With an average item profit of $0.50, your vending machine could pay for itself with sales of just seven to ten snacks or drinks per day. eVending’s financing options are ideal for operator entering the vending industry to be more affordable and profitable than ever.

As you prepare to put your business plan into action, you may want to make a list tailored to your needs as the operator. The following are several tips to help you prepare to enter the industry as a vending operator.

  1. Have a business plan – It pays to plan. Have you thought about what your goals are or how the math works out? With vending profit is not immediately obvious, there will be a significant delay between your actions and financial results. If you want to get an idea of what your machines will bring in, eVending’s profit calculator is a useful tool. The calculation takes in to account the number of machines you have, vends per day, the cost of the product, and the vend price of the product to give you the most accurate prediction of your future profits.
    Be sure to align your business plan with your financial as well as lifestyle goals.
  2. Select the vending machine type – Over the years vending machines have evolved beyond cookies and crackers. Today, you can vend anything from gumballs to a full meal. Decide which market you want to enter then find the machine that best suits your needs.
  3. Get the proper licenses – Before you get started, check with your local licensing office for requirements in your area.
  4. Buy the machines – Now that you have decided what type of machine is best for your location, you will need to purchase the machines. eVending offers a full-line of machines that are 100% manufactured in the USA. Our new machines come with a one year limited parts warranty and are specially designed to provide maximum energy output with minimal electrical requirements which help keep your expenses as low as possible. Additionally, our new machines can be managed remotely due to their cellular based designs.
  5. Buy or lease a vending truck – You will need a vehicle to move products from machine to machine and even to move the machines themselves. The size and type of vehicle you need will depend on the size of your operation.
  6. Find a supplier – Buy your products in bulk through stores such as Sam’s Club and Costco or a site that sells candy in bulk. Be sure not to buy quantities so large that they expire before you can sell them.
  7. Secure your locations – When selecting a location look for places with high foot traffic. Think along the lines of an office, mall, bowling alley, or hotel. Be sure to check out each site in person before approaching the owner to secure a deal.
  8. Service your machines – Now that your machines are placed you will be in charge of upkeep. This will involve keeping the machine functioning, clean, and well-stocked. Depending on your machine’s popularity, this may need to be done more than once a week. When you purchase one of our machines you will have access to eVending’s complimentary phone customer support as well as to Vendnet— your one stop source for parts, service, and vending products, with online support for vending machine manuals or parts ordering.

Finally, the National Automatic Merchandising Association’s (NAMA) Vending101 article is a good resource for a more in depth look at the industry.

If you decide you’re ready to make your way as a vending operator, visit www.evending.com to learn more or contact eVending today at 1-888-915-7572.

The National Automatic Merchandising Association (NAMA) Awards Art Wittern Allied Member of the Year

June 2nd, 2016 | Posted by DT in Vending machine | Vending machine business - (Comments Off on The National Automatic Merchandising Association (NAMA) Awards Art Wittern Allied Member of the Year)
DES MOINES, IOWA – Art Wittern, Chairman of the Board for eVending’s parent company The Wittern Group, has been named NAMA’s Allied Vending Member of the Year.  The Allied Member of the Year award, presented lifve at the OneShow on April 13th, is one of three NAMA Industry Awards that recognize the most widely respected leaders in the industry, as nominated by their peers.  The OneShow is the nation’s largest vending and refreshment services trade event, which will be held April 13–15, 2016 at the Lakeside Center McCormick Place in Chicago, Illinois.
An industry veteran as a C-level executive for over 55 years, Mr. Wittern held the position of President and CEO of The Wittern Group until 1990, when he was named Chairman and the company transitioned to its third generation of family ownership.  For over 20 years, Mr. Wittern was the driving force behind The Wittern Group’s strategy as it diversified and transformed its product and service offerings to adapt to advancements in technology, shifting markets, and changing customer needs.
At The Wittern Group, Mr. Wittern fostered a culture that empowered those around him to think beyond the status quo and dream the impossible.  This modus operandi and Mr. Wittern’s hands-on approach to product research and design was instrumental in creating the multi-zone frozen vending machine which was revolutionary for the vending industry.  Presently, Mr. Wittern’s efforts are focused on strengthening the company’s position among professional vending operators and the distributors who supply them.
“The Industry Awards are a beloved element of the OneShow, recognizing leaders who have served our association and the industry as innovators and advocates,” said Dan Mathews, NAMA Executive Vice President and COO.  “Art has performed above and beyond, helping The Wittern Group achieve success while devoting his time and talent to NAMA, overall industry efforts, his colleagues, and the community.  He is a true inspiration and I congratulate him on this well-deserved honor,” commented Mr. Mathews.
“I am greatly honored for the recognition from NAMA in the form of this prestigious award. I would like to express my gratitude to my colleagues who work every day to make The Wittern Group successful and most importantly, to our customers and distributors,” commented Mr. Wittern.  “As we introduce our next generation vending machine, the Evoke series, at NAMA 2016, we look forward to continued innovation and growth within the marketplace.”
Mr. Wittern cares deeply for the vending industry as well the community, which is evident by his founding of The Wittern Family Foundation that supports various non-profit organizations including NAMA, the Mayo Clinic, and United Way among many other organizations.  Mr. Wittern also founded The Wittern Family Scholarship Foundation which provides post-secondary financial assistance to children of The Wittern Group employees.