Choosing the Right Product Selection for Your Vending Business
Choosing the right products for your machines may seem like a trivial matter but it is in fact one of the most important aspects of a vending business.Whether you have bulk machines, combo machines, soda or snack it doesn’t matter. Getting the right products in your machines is going to make or break your business. I have seen many vendors fail because they pull machines from businesses after the first month due to a lack of sales. Often times this is not an issue of a bad location but of bad selections.The only way you can know what items are going to sell best for your vending business is to do testing. This seems to have been lost on many vending business owners. So how do you test your products?The best way is to use an online vending management solution that will enable you to track your product sales at each location. By tracking your product sales you will be able to put out custom reports to see which products are selling the best for you and which are the most profitable. This way you can test variations of product at each business until you get the right combination.I have seen sales climb 100%+ due to getting the right items in front of the right people. Don’t be one of the people that aren’t testing their products. Test your products and see your sales sky rocket. Always follow the Pareto principle that states 80% of your sales will come from 20% of your products!
