Vending machines are a potential business model, especially while the
Covid pandemic is still complicated, most consumers prefer the limited contact purchasing form.
What do investors need to prepare before starting a vending machine business?
Making a clear business plan
Just like other business models, the vending machine business model also
needs to be clearly prepared and planned before implementation to achieve success. This is the
first step to prepare before starting a vending machine business. Vending machine entrepreneurs
need to identify and clarify key factors such as: target customers of products sold on the
machine, number of customers passing through the machine placing area, customer demand for
products sold on the machine, investment costs to buy or rent vending machines, cost of machine
location, cost of labor to operate the machine and so on.
A clear plan with products that
meet the needs of buyers and an ideal machine's placing location will be very potential for the
vending machine business model, especially in big cities.
Determining the product sold in the vending machines
Does the product sold in the machine meet the needs of consumers in the
machine placing areas? This is a very important question of any business models in general and
especially in the vending machine business model.
Based on business costs and target
customers, vending machine owners can decide their potential product line.
If still
undecided which items to sell, machine entrepreneurs can start with popular products such as
snacks, candies and soft drinks.
In addition, machine operators should choose reputable
suppliers with competitive product prices to ensure product quality as well as maximize profits
for themselves.
Determining the machine's installation locations
One of the equivalently important elements of a vending machine business
model is choosing the ideal location to install the machine. The machine's location will
directly affect the sales revenue.
In order to find the ideal installation location, the
machine operators can conduct a survey of potential areas. High-traffic locations or public
areas are ideal locations for placing vending machines. Potential locations could be: schools,
hospitals, shopping malls, bus stations, airports, so on.
Choosing a machine model has features being suitable with products sold in machines
After selecting the vending machine’s products and the potential
locations, vending machine owners need to choose a vending machine model that is equipped with
features that are suitable for their products and provide the best buying experience for
consumers when purchasing at the machine.
For consumers, when buying goods at the
machine, they often want to have convenience while shopping such as: easy payment with various
forms like cash, e-wallet, mobile App or easy and user-friendly buying operation, consumers do
not expect the purchasing process on the machine to be failed, resulting in not returning
product or change. This is the first note that vending machine entrepreneurs need to keep in
mind when choosing a vending machine model for their business.
For operators who sell
products on vending machines are often interested in features that help reduce operating and
labor costs. Vending machine models with sales, inventory management features and remote
management software will help machine operators reduce costs significantly in the process of
doing business and operating the machine. This is also the second note that machine investors
should consider.
Choosing a reputable vending machine supplier
Currently, in Vietnam there are many vending machine suppliers with
different features that bring different shopping experiences to consumers, as well as other
special features that help operators reduce business costs. Choosing a reputable supplier will
help vending machine entrepreneurs, operators feel more secure in their
business.
Depending on the business requirements and the products sold in the machine,
entrepreneurs can choose the appropriate vending machine to serve their business
needs.
With smart vending machines, investors can contact Dropfoods - one of the leading
vending machine distributors in Vietnam with smart vending machines integrated with many modern
features and an experienced technical team will help the business process become more
successful.
Please contact Dropfoods for support, detailed advice on services and
products as well as information related to the vending machine business model through the
contact information below.
Address: Unit 401 PVFCCo Tower, 43 Mac Dinh Chi Street, Dakao
Ward, District 1, HCMC. (Monday - Friday: 8:30 am - 5:30 pm)
Phone: (84) 28 6290
6066
Email: contact@dropfoods.com
Facebook: https://www.facebook.com/dropfoods
