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How Millennials are Influencing the Vending Industry

August 17th, 2016 | Posted by DT in Vending machine business - (Comments Off on How Millennials are Influencing the Vending Industry)

Millennials influencing vending industry has become a focus for savvy business owners to increase sales.
There are many stereotypes and assumptions surrounding Millennials (ages 18-34). For example, they have been described as lazy and narcissistic yet at the same time they are viewed as active and engaged. Regardless of the mixed opinions of Millennials, the influence they have on society cannot be ignored. With many of them entering adulthood it’s time to put more focus on marketing to this demographic.

With 75.4 million of them, making up a quarter of the U.S. population, it’s no wonder why Millennials have so much power over industry trends. Millennial’s buying power equals nearly $200 billion, making them one of the most profitable markets today. Savvy vending operators are taking note by keeping the preferences of Millennials in mind when making decisions regarding their businesses. Things to be considered are payment methods, what products are stocked in the machines, as well as eco-friendly features.

Millennials grew up in a technology rich environment, the revolution of smartphones brought an era of instant communication and connectivity. In recent years, smartphones have become a platform for payment options, which isn’t surprising considering that cash carry is virtually non-existent among Millennials. Today, mobile payment options such as Apple Pay, Google Wallet, and credit / debit cards are essential. As the vending industry becomes more mobile friendly, vending operators can expect satisfied customers and increased sales.

Keep in mind that cash and coin payment is still viable across the market as a whole, so don’t toss your traditional payment systems just yet. The smartest solution is to allow for a variety of payment types. Lucky for you, eVending machines come equipped with cash and coin acceptors as well as the ability to be fitted with a  debit / mobile payment reader.

In terms of what kind of products Millennials want in machines, recent trends indicate that there is a market for healthy vending. Unfortunately this sort of thing is hard to nail down as far as what locations will respond positively to healthy foods. This has created a challenge for vending operators. If you happen to find an area where healthy vending is in demand and profitable, eVending has a selection of machines that can meet your needs. All of our machines have configurable flex trays that can conform to a variety of shapes and sizes; we even have a refrigerated elevator machine that will gently deliver food items such as salads and sandwiches.

Another common trend among Millennials and consumers in general is their focus on green, sustainable business practices. In fact, 49.4% of all respondents in a recent study said that when they see a product whose manufacturers use eco-friendly manufacturing and distribution methods they are more likely to buy that product; this increases to 56% for millennials.

eVending strives to be eco-friendly by engaging in environmentally friendly and efficient practices, we are proud to be a small but vital part in addressing environmental sustainability and climate change. In support for action on climate change eVending’s parent company, The Wittern Group, joined 153 companies in signing the American Business Act on Climate Pledge. Additionally, all of our machines include energy saving, eco-friendly features such as eurothane high efficiency insulation and long life LED lighting and credit display.

The landscape for vending machine operators is changing, stay on top of the trends by offering your customers top of the line, versatile machines with eVending.

SB16 Single Brew Coffee Vendor

August 3rd, 2016 | Posted by DT in Buy vending machines | Vending machine business | Vending machines | Vending machines for sale - (Comments Off on SB16 Single Brew Coffee Vendor)

Coffee Consumption Trends

Full-size-CTop-Pod-Vending-MachineMillennials’ taste preferences are a driving force in recent coffee consumption trends. According to an article on Vending Market Watch, in the last eight years consumption of gourmet coffee beverages increased from 13% to 36% among consumers aged 18 to 24 while gourmet coffee consumption for older Millennials (aged 25 to 39) increased from 19% to 41%.

With increasing numbers of Millennials and younger generations entering the workforce, it’s time to start thinking about ways to offer a coffee service solution that fits the consumption trends. According to 2016 NCDT data, 70% of the cups of coffee consumed at work come from the office coffee area, with over half of the respondents unhappy with their current coffee situation it’s time for a change. One solution could be offering a single serve coffee maker, such as the Keurig® Brewing System. These machines offer a wider range of coffee options that will appeal to Millennials. Consumers can choose between their favorite brand of a traditional cup of coffee or a more gourmet option, like espresso-based coffee without having to leave the office.

With the growing popularity of single serve coffee machines and the demand for more coffee variety in offices, more companies will likely offer single serve brewing machines in their break areas. Subsequently, these businesses will need a way to control their coffee pod inventory.

eVending is on the forefront of innovation with their SB16 Single Brew Coffee Vendor which offers professional, secure dispensing of single serve coffee pods, including K-Cups®. With the SB16’s built-in security you will never have to worry about employees walking off with coffee pods again. The compact size of the machine is perfect for placement on any standard 36 inch countertop with 18 inch cabinet to counter spacing. Plus the sleek modern design with glass front display shows all items on hand and will draw customers in.  With 16 unique single serve coffee pod selections and a capacity of 256 total single serve coffee pods, the SB16 Single Brew Coffee Vendor offers employees with a great selection of popular, brand-name coffee pods.

Let the SB16 Single Brew integrate seamlessly into your vending business while increasing sales opportunities. This machine allows you to see which items are popular and which are not so that you can select the best coffee pods, including K-Cups®, for your location. With this feature you can drive your revenue up by stocking your machines with the preferences of customers at each location. The SB16 Coffee Vendor will fit perfectly in any office area and offers the perfect solution for businesses to dispense their coffee pod inventory.