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Honor Snack and Drink Vending
No matter the economic conditions or current market trends, there is one business that can ensure that the amount you make is always larger than what you will spend. Honor snack and drink vending systems are a direct link to profit, with an initial investment of less than $500.
- 25 labels for the snack trays - 5 tray stands for the honor snack and vending trays that must stand on their own because they do not have an available counter-top space. - 100 liners for the trays - 25 mountable business card holders that attach to the trays - 60 various "talk cards" to promote consumer honesty - 1 set of blueprints for a packing system - Starting inventory that consists of about 1250 snack and drink items - Mini refrigerators for drink vending trays This being said, your main concern is likely shrinkage - that is, theft of product. Fortunately, there is a great deal that you can do in order to compensate for those people who don't use the honor system very honorably. The secret is in selecting the ideal location. Of course, you can never expect for shrinkage not to occur at all. However, you can keep it to a very manageable minimum. Take great care in selecting your location to ensure that your average shrinkage rate is in around twenty percent. The first thing you need to know is that you will want to avoid a place with public access. The more there are chances that groups will be able to simply pass by the tray and grab what they want, the higher your shrinkage rate will be. Instead, avoid public access and aim for locations that will offer exposure to individuals and small groups. For example, you may wish to place your honor snack and drink tray in an office that has a small number of employees and no public access. That way, the employees will take responsibility for their own tray and will discourage theft on their own. Even with some theft, though, your overhead costs will be so low that it won't make an enormous difference. Moreover, it's still cheaper to use the trays with a small amount of theft than it would be to try to invest in an actual vending machine. To encourage people to remain honest when they take your products, you may also want to try "talker cards". These cards are attached to the tray and politely request that people respect the honesty policy of the honor snack and vending tray if they want to continue enjoying the benefit of having it available to them. It is surprising that a small note such as this will be enough to turn away many potential thieves, causing them to listen to their consciences; they'll either decide not to take anything, or actually pay for it instead. Even a simple statement such as "thank you for being honest" can often be enough. Since most places are happy to have the snack and drink service available to them, there is typically no commission to be paid to the locations. Small businesses with thirty to fifty employees are usually very pleased to be able to offer their team members the added convenience and motivation. To maximize the space and potential, many people find that they can place a drink vending tray inside a mini fridge and a snack vending tray on top of the appliance, giving the same people different options to buy within the same locations. This allows for more trays to be used in fewer locations, reducing travel time for servicing with a higher chance for profit in each place. As you can see, this is a business that can easily be started and maintained within your spare time and yet can achieve sizeable profits nonetheless. As long as you do your homework for locations and maintain your trays well while monitoring their progress carefully, you could have a business that earns in a meaningful way in a very short period of time. |
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