Vending Machine Business Opportunities
Published: Monday, October 31, 2011
Are you considering the possibilities of owning your own vending machine business? As the old saying goes, "Knowledge is power." The more you know about a business or product, the better equipped you are to make the right decision. A well-informed decision gives you the confidence and assurance you'll need when venturing into something new. As with any business opportunity, it is important to understand the trends so that you can ride the wave of the future and prosper. Reading this article will boost your vending knowledge with a brief explanation of the past, present and future of vending.
The Past -
The vending machine business began in the first-century with the work of a mathematician and engineer named Hero of Alexandria. In the early 1880s, London introduced the first modern coin-operated vending machines. The U.S. joined the ranks in 1888 with gum machines on New York City train platforms. The evolution of vending continued with numerous convenience items and food. Old photos of vending machines from all over the world display a wide variety of commodities, including food items such as soups, sandwiches, hot meals, fruit and chocolate, of course, and drinks ranged from milk to whiskey. Books, pantyhose, perfume, and even airline insurance were sold in these old-fashioned vending machines.
The Present -
Since its inception, the vending machine business has continuously evolved to meet consumer demands. Today's vending machines are full of an even greater variety of items. Coin-operated machines are still in use for many small items, such as candy, snacks and soda. Following the current technological trends, credit card payment has now changed the face of traditional vending.
The Future -
Vending machines are the way of the future and as a result, vending machine business opportunities are ever-expanding. Take a look at your local store and you'll see how the electronic sale has transformed purchases of all kinds. From kiosks at the airport to the grocery store, there are a plethora of possibilities for the opportunist. Vending machines of the future are much like those now commonplace kiosks. With touch screens and electronic payment, these high-tech computerized stores will offer products to the next generation in packaging that sells. Aside from the new line of non-food products including: vacations, tech gadgets, cosmetics, etc., convenience food lines have evolved to offer pizzas, ramen noodles, cotton candy and much more. The new vending machines will offer additional features such as: purchasing multiple items at once, smart phone payment and even recycling credit.
Here are just a few of the groundbreakers in vending:
Pepsi has two new vending machines: Pepsi Recycle Machine which allows you to build redeemable points for recycling and Pepsi Touch connects people with gifting and video messaging.
Coke has its touch screen, Coke Touch, which it jingles when you make a purchase.
Kraft Foods will offer a digital close up of the nutritional value of its items.
2bU machines are energy efficient and allow users to search for organic, vegan, gluten-free, and Kosher snacks.
Hope your travel through the timeline of vending opened your eyes to the opportunities in the vending machine business. Taking the time to read articles like this one will help build your knowledgebase of vending and lay a good foundation for building your future vending machine business.
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