VENDING MACHINE

Vending Machine

Vending Machine

Introduction

Vending is a profitable area of ??investment. To date, vending is one of the most trusted businesses. Once the installation of a vending machine is complete in the right place, it takes nearly a year to recover the entire costs. Vending machines is a profitable business due to its increasing popularity and use. Customers look for convenience and availability. Vending machines may offer a huge variety of beverages and snacks. As a result, they have a significant role in the FMCG market and always attract the attention of the customers. Vending business is a kind of business that does not require a large initial capital. Any person who has adequate money at disposal can invest in a vending business by buying and installing it at a place where there is heavy traffic of public. Therefore, vending allows a person to start a simple and easy to operate business with modest financial resources. In case, vending machine receives acceptance by the customers, it can increase the capital during the year by three or more times.

Discussion

Vending business is widely distributed throughout the world. At the moment the world has more than 22 million vending machines. Vending machines are made from relatively inexpensive, but strong and durable materials, which are extremely popular in European countries. Turnover in an area such as a vending business is about 170 billion U.S. dollars, and these numbers grow every year. Vending machines such as commercial coffee machines are best installed in public places, next to which there are no snack bars and cafes. Beverages such as coffee and colas are extremely popular in universities. There are heavy consumers of colas and other beverages such as coffee and other non-alcoholic drinks in universities (Campbell 2002, Pp. 111-140).

Business in University

One might think that the niche market of a vending machine is saturated or already occupied. However, it is not true. The rapid development of technology and technological progress contributes to the emergence of a number of vending machines that meet a variety of needs. Universities provide a viable and profitable source for vending business, provided that it offers snacks and beverages at competitive prices. Vending machines in universities can offer multi-functional commercial coffee such as Saeco (Italy) at competitive prices. Automatic vending machines are preferable due to its convenience and simplicity. Furthermore, students and faculty members prefer vending machines, which are unpretentious in operation and reliable.

Vending machines in universities should occupy a small space, provide beverages or snacks to a large group of people, and work equally well. The vending machine should be thoroughly pretested and adhere to the safety and quality standards. In addition, it is essential to use only certified equipments (Vending Times 2009, Pp. 63-113). In case, the vending machine pertains to providing coffee, then it should be able make flavored drink from the coffee beans. Modern vending machines are affordable and specially designed to meet the needs and demanding taste of the customers. However, it is essential to research in the target ...