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Planet Antares Inc - A blog to discuss the vending solutions provided by Planet Antares.

Friday, March 12, 2010

How to Make Planet Antares Vending Business Successful

We all are familiar with the fact that vending is a very promising business that generates high revenue. However, just like any other business model, success cannot be obtained in a day. A thorough planning, careful analysis of market and competitors and designing strategic plans can alone make you successful in this billion dollar industry.

Few tips on how to make your vending business a big success are mentioned below:

• Always set realistic goals. These act as motivating forces which inspire you to work hard and thus achieve success.

• After deciding on the product you would like to dispense, your next move would be to identify a strategic location where people stay or gather in huge numbers. Some of the most ideal places for installing your machine are lunch rooms, bus or railway stations, shopping malls etc. The choice of location is once again influenced on the kind of product you offer.

• When it comes to purchase of a vending machine, operator has two choices. He can either purchase one or hire. It is much cheaper to purchase a used machine or rent one. However, when it comes to performance efficiency, new ones from reputed manufacturers like Planet Antares are far more superior that old or refurbished machines.

• Since the advent of internet, a wide variety of information relating to various aspects is available on the net. All you need is just browse and look for special offers or compare prices of various manufacturers and purchase one at the best possible bid.

• One of the major issues with used or refurbished machines is currency changes. Hence it is imperative for the operator to check if they work with the present currencies and see how easy it is to receive desired product since this would satisfy your customers and bring them back to you for repeat purchases.

• Availability of spare or replacement parts is also crucial. More and more companies offer metal machines which are far more reliable when compared to old plastic ones. The best part with them is that repairs are far easier when compared to the traditional ones.

• The percentage of profits you would be sharing with the premises owner also influences your success.

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