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This is a must have for any vending machine business!
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1. Keep your CD & DVD Vending Machine well stocked, operational and clean. A well maintained machine will be used more often than a neglected one. Service your machines often and they will yield a larger return. 2. Keep detailed records of your machine.
3. Change slower moving products with alternatives, reduce the price or move you the product to one of your better locations. 4. You set the tone and pace of your inventory by setting your prices. Low prices... High turnover. High Prices... Slower turnover. People are more opt to buy a CD they have never heard of at a ridiculous price than they would at full price, just to give it a try. Average sale to one person 10-20 CDs @ $1.00 ea. (Please Note: This is just an example at the lowest dollar figure.) Keep your prices low and you'll see how deep peoples pockets really are. 5. Try to place several CD & DVD Vending Machines in one location. The more selections of products you put in a location, the more profit that location will bring in. 6. Try installing and selling several media formats in one location. For best results, do not mix formats in any one machine. Use one machine per format. [Example: Do not sell DVDs and Cassettes in the same vending machine] 7. A colorful and uniform vending machine will bring in more revenue and keep your sales steady. 8. Service your machines yourself until you're comfortable with the set-up and the route. Later on down the road you may want to hire someone to assist you. If you already have an assistant, be sure to check their work regularly. Your image and reputation is always on the line! 9. Open and spread out your route radius. By doing this will increase your sales averages. 10. Keep your CD & DVD Vending Machines out of direct sunlight. Place the machine where sunlight will never hit it. Sunlight will cause discoloration and can melt and/or warp your product very quickly. Unsightly merchandise can deter customer and will kill a potential sale. 11. Add security to your vending machines by placing security tags with your contact and business information. Not only does this protect your machines, it can also lead to potential requests to have you place other CD & DVD Vending Machines at other hot locations. Best locations for these tags are on the top corner of the machines and inside the window. Great advertising tool! |
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