Starting a business can be a daunting prospect, especially if you’re still unsure of what you should really open. For many, the vending machine business is a good option for earning money even without a lot of manpower and space.
There are other advantages of picking a vending machine business. One is that it can actually operate 24/6 without supervision; though you have to make sure someone checks on the stocks frequently. It is also a cash business – you are sure that the consumers will pay for the products before they get it.
No matter what brand or company you wish to collaborate with for your vending machine business, these tips will help out.
Location is Key
No matter how impressive and useful your products might be, you are likely going to just have an idle machine when you put it in a bad location. Find a location where is plenty of foot traffic and space for people to stop and use the machine.
Public transport terminals, lobbies of offices, and school hallways are among the most popular choices.
Just make sure that the spot is safe from vandals.
Products to Match Location
With an excellent location in mind, you have to think of products that would match the needs of your customers who would be gathered at that particular location. For instance, tissues and sanitary napkins are often seen at public bathrooms while coffee vending machines are perfect for offices.
What use would an excellent location and having the best products would be if you can’t find reliable suppliers? You’ll only be wasting the space because the suppliers can’t provide products for your target market.
Also, make sure that the suppliers for the vending machine are reputable. You can choose to buy, lease, or franchise.
There are plenty of suppliers across the Philippines. You can contact the following options to check what they could offer:
Philippine Vending Corporation
Manila: 54 E. Rodriguez Jr., Ave. Bagong Ilog, Pasig City. Tel: 6716230, 6710363
Cebu: WH B23 J King Warehouse,Opao, Mandaue City, Cebu. Tel: (032) 3448882 to 84
Tri-East Philippines, Inc.
Manila: 3/F Rodeo Building #802 km. 18, West Service Road, South Super Highway, Paranaque City. Tel: 8222222
- Guide on How to Close a Business in the Philippines - October 1, 2023
- Teresita Sy-Coson: From ‘Shoe Seller’ at 8 to One of Asia’s Richest Billionaires - September 14, 2023
- Jose Mari Chan Isn’t Just a Singer, He’s Also a Successful Businessman - September 3, 2023