Resolving Currency Issues in Vending

For a Planet Antares vending business to be successful, sales have to be made from the vending machines. In the past years, millions of Americans made purchases from vending machines virtually trouble free. All that they had to do was to insert some coins, press a button and then receive their product. It was all very simple at that time. This of course is all thanks to the United States Mint for making billions of coins a year at its state-of–the-art facilities. These coins allowed customers to comfortably make their purchases with coins. At that time the industry bragged of a trouble free vend rate of 99.9 %.

Today the dollar bill is the new quarter, which has resulted in a decrease in the vend rate. These days, purchases are made from Planet Antares vending machines as well as other vending machines, using the greenback. Vending machines have even started to accept $5 bills. Rejected banknotes can be a very frustrating experience. However, advances in bill validator technology over the recent years have improved the acceptance rate to about 98%.

Since the vending industry is a $40 billion dollar industry, the difference between 99.9% acceptance and 98% acceptance results in a $760 million a year in lost sales. Planet Antares vending machines come with bill changers, for the convenience of the customer. It is very discouraging for a customer to approach a vending machine with a valid currency in hand, only to get it rejected by the vending machine because maybe it is too old or torn. Eliminating the $1 will be the right thing to do.

A third dollar coin has been issued recently by the congress. This has helped to curb the problem of the one dollar bill. Coins don’t get torn or wrinkle. This makes them easier to use than the one dollar bill. The one dollar coin needs to be widely circulated, though this has proved to be quite a problem because the $1 bill still remains in circulation.

There is a growing number of vending operators that are opting for cashless payment options in their vending machines. This has helped them resolve currency issues. A cashless payment system in your Planet Antares vending machine will put an end to any currency problems, since there is no cash being used as a medium of payment. This form of payment is increasingly becoming popular because it has brought about efficiency to the vending industry, which of course leads to higher profits.

All about a Vending Machine Business

In the U S most vending machines are operated either by store owners, or by individuals who rent or buy several machines. Some machines are maintained by governmental or quasi governmental entities. An independent vending machine business attracts people who have never been in business before. Planet Antares Inc. can give you the opportunity to start off a vending business.

To start with you will need to secure a quality vending machine like those provided by Planet Antares. Your machine must have great capacity so that when you go to service the machine you would end up collecting more than $100. If you collect less than that it either means you went too early or the machine doesn’t have a great capacity. A Planet Antares vending machine is well designed and stylish and to top it all off, it has a great capacity. This is an important factor because the machine has to draw attention to itself, especially if there is competition from other vending machines in the location. A vending machine should stand out.

As a Planet Antares vending operator, you will need to act as a salesman in persuading locations to accept the machine. Don’t get discouraged when you are told “no”. You will get turned down more times than you are told “yes”. Your concept has to be special to the location. Give them a reason to want your machine.

The area in the location where you will place your vending machine can make a difference in sales. Below are some of the places that would be ideal for your vending machine.
-Next to the entrance
-Near the exit
-Next to other vending machines
-Next to the cash register
-In the waiting room

There are many types of vending businesses that produce a healthy return on your money. A good example would be a snack and beverage business. You can easily pick $200 from a location with this business. The ability to change your price quickly and easily is fundamental for the success of your vending business. A vending machine business will get the best return on the money that you invested.