Vending machines have been developing and bringing more convenience to
consumers as well as vending machine operators. The vending machine business model is still very
potential if you know how to exploit it properly and choose the right type of vending machine
for business.
Outstanding features of the vending machine business model
Vending machines help save business costs: Compared to opening a
convenience or grocery store, this model will help businesses save costs in terms of space,
decoration and expenses for hiring sales staff.
Vending machines help save
operating time: For vending machines, operators do not need to spend much time checking the
machine daily because they can easily keep track of product inventory, cash flow, the machine’s
issues right on the computer or phone without having to go directly to the installation
site.
Vending machines make it easier for businesses to expand distribution
channels: Vending machines are selected to be placed in high traffic locations with a large
number of potential customers. As a result, businesses can expand their distribution network,
save costs and reach a large customer network, helping to increase brand recognition.
The vending machine’s main source of revenue
Vending machines with the main source of
revenue from selling products in the machine: for normal vending machines, revenue mainly
comes from selling products in the machine.
Vending machines with diverse
revenue streams from product sales and advertising: for smart vending machines that are equipped
with LCD screens and management software, help machine operators and machine owners have
additional income from advertising rentals on the machine's LCD screen.
Dropfoods, a
leader in the vending machine industry with built-in features such as content management
software displayed on the LCD screen of each machine, has cooperated with Shojiki - an
advertising agency to provide the lowest cost advertising services have helped brands reach
potential customers efficiently and help Dropfoods vending machine operators to have extra
income from displaying advertisements on the machine's LCD screen.
What are the essentials to success with a vending machine business
model?
Identify the product line of the vending
machine
Before embarking on operating the vending machine business model,
entrepreneurs need to determine the product line to be sold through market survey, assess the
potential of each industry then choose the right product that suits them.
Machine
operators can start from some common products such as: beverage, confectionery, snack,.... Then
find a reliable source with reasonable price and discount to be able to maximize their
profits.
Choosing a location to place vending
machines
The machine's location is one of the most important factors, helping
the business to achieve success with the vending machine business model. Therefore, the machine
operator needs to choose a crowded area, suitable for the type of product on sale.
Some
ideal locations to install vending machines such as: shopping malls, schools, hospitals,
supermarkets, office buildings, parks,....
Choose the
suitable vending machine types
After choosing business items and installation
location, the machine operators need to choose a machine model with features that suit their
business needs such as: 24/7 operation, touch screen, optional product, integration of cash
payment methods, e-wallets and applications, mobile top-up, central data management
software,......
Should choose a reputable vending machine supplier
Nowadays,there are many units that sell or rent vending machines on the
Vietnamese market. However, to choose a quality vending machine, investors should choose a
reliable and reputable place.
Dropfoods - the leading vending machine distributor in
Vietnam, ensures to bring to investors high quality smart vending machines with attractive
preferential prices along with many policies on warranty - maintenance to ensure long-term
operation.
Contact Dropfoods immediately for more detailed advice on our products and
services:
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