05/11/2021

Potential of vending machine business model

News_ Tiềm năng mô hình kinh doanh máy bán hàng tự động EN

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