ToddBefore you start a vending machine enterprise, you need to choose the right machine and decide on the location. Getting the right machine will ensure you deliver the right goods to your customers. The following are some of the top types of custom vending machines you can find on the market.
Candy Vending Machine
This type of vending machine is stocked with a variety of candies, such as gumballs, chocolates, and more. If you are starting out your business, you should consider getting this type of machine. Since the initial outlay is small, it is easy to find an affordable machine. Thus, you do not require a lot of money at the start. Most of the products sold by these machines have high profit margins. For instance, you can buy candies wholesale and sell them at retail prices. In this way, you will get your investment back quickly if you choose the best locations.
Depending on your location, when you sell products at certain prices, you are not required to pay sales tax. Since most of the custom vending machines available have few mechanical parts, it means they require less maintenance. You can install this given machine because they do not use electricity and take up minimal space.
If you rely on these candy vending machines, it might take time to make a considerable amount of income. You need to place them within a few kilometers to reduce your time commuting or fuel driving. Another problem that vending machine owners face is the theft of the machines. Therefore, you should place them in areas with a lot of foot traffic.
Soda and Snacks Vending Machines
When people about vending machines, this is what comes into their minds. These custom vending machines are readily available pretty everywhere. For instance, you can find them in businesses, malls, parks, and gas stations.
Since the monetary value of products sold by these machines is high, you can make a good amount of money. Rather than making a few cents on items bought, you can make lots of dollars. As a result, you can have a better income and you do not need to invest a lot of money to get a reasonable profit. Since these machines are quite heavy, they are difficult to steal. However, this poses a challenge when you want to move them from one location to another.
These machines are very expensive and you need to spend thousands of dollars to buy them. If you are on a tight budget, you can go for refurbished ones. Usually, these are cheaper and deliver the same results. Since these machines consume power, you need to install them in areas with power outlets. These machines are also prone to vandalism; hence you should place them in visible locations.
Conclusion
Other than candy and soda vending machines, you can also find other popular types. For instance, you can find vending machines for coffee, office supplies, and toiletries. When starting out a vending machine business, it is advisable to start with at least two machines and then expand as you get more profits.