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Connecting with the Next Generation

November 2nd, 2018 | Posted by Matthew Shattuck in Uncategorized - (Comments Off on Connecting with the Next Generation)

Gen Z?

Millennials are no longer the most recent next up and coming generation that the retail and food service industry needs to adjust too. ‘Generation Z’ was born after 1994 and according to Engagement Labs, Gen Z “is expected to account for 40% of all consumers by 2020.” An NPD report says the Gen Z is a “snack oriented” generation that enjoy ready to eat food.  It’s obviously imperative to know Gen Z’s consumer habits and values when planning for a successful future in vending.

“Connect, communicate, customize and cashless” are the new 4 C’s the vending industry must note when reaching Generation Z according to Vending Times’ Paul Schlossberg. Compared to other generations Generation Z pays extra attention to food.  Schlossberg writes, “We should be paying attention to the upward trend line of Gen Z conversations about convenience stores and chain drug stores.” Gen Z is using social media to share opinions of about food early and often. Using social media to share your brand and products is vital to connecting with Gen Z consumers.  It doesn’t take a large empire to find success using social media, giving smaller business the opportunity to connect with Gen Z. Spreading the word about your business and removing any hurdles from Gen Z connecting with your brand is a great step in reaching the next generation that wants to connect and communicate with you..

Cashless payment is no doubt important to a generation where their phone is basically another part of the body and is the epicenter of their waking hours.  Receiving cashless payments to your vending machine is a must for reaching Gen Z. There are some great options available for vendors looking to use cashless payments. PayRange, for example is the world’s leading payment network for coin-operated machines. Customers download the PayRange App and use their phone to pay instead of having to carry the correct amount of coins in their pocket. PayRange is efficient and secure for the customer and adding money to the Pay Range wallet is very simple. See if PayRange is what you need for your machines. 

Are you making the right moves to welcome the next generation of consumers to your machines?  Don’t be shy to share on social media what your brand is doing to help others and how your product is making a difference. Are you equipped with PayRange so your customers and tap their phones and buy your products? Some important things to think about as 2018 comes to a close.

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.

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?)

eVendingVendBusiness

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.