Ethan Kohan’s Post

🚨 Avoiding Vending Machines: How Businesses Miss Out on Success 🚨 If you’re like many business owners, you might be skeptical about the benefits of installing vending machines on your premises. After all, how could a seemingly simple device make such a significant impact on your success? Let’s explore why avoiding vending machines might be a missed opportunity. You might think that vending machines are just a convenience for employees and customers to grab a quick snack or drink. But consider this: convenience is a powerful factor in today’s fast-paced world. By providing easy access to refreshments right on-site, vending machines can actually boost productivity and morale among your team. Employees no longer need to waste time searching for snacks off-site, allowing them to stay focused and energized throughout the day. Moreover, installing vending machines can set your business apart from competitors and enhance your overall image. By demonstrating a commitment to customer satisfaction and convenience, you can attract and retain loyal customers who value these qualities. In conclusion, while it’s understandable to have reservations about investing in vending machines, it’s important to consider the potential benefits they offer. From boosting productivity and morale to enhancing your business’s image, vending machines can play a key role in driving success. So, before dismissing the idea entirely, take a moment to consider the opportunities you might be missing out on by avoiding vending machines. northvending.ca #businessnetworking

Forget everything you thought you knew about traditional vending machines. Adult nightlife vending machines will make you 5x the money. For few reasons: ✅ They face little to no competition compared to the sky-high competition of traditional machines. ✅ With an average ticket price of $22 vs. the typical $2, your earnings potential skyrockets. ✅ Enjoy margins of 65-70% compared to the standard 50%. ✅ Say goodbye to spoilage—niche vending machines sell non-perishable products. ✅ Restocking 2x a month vs. the hassle of 1-2 times per week with traditional vending. Keep an eye on niche vending, it's where the real profits lie.

Midday rolls around. You’re hungry. You head to the vending machine, only to find it’s broken. Again. That’s the third time this month. You shrug it off - it’s just a vending machine, right? But wait, that attitude isn’t okay. And we’ve noticed at NewAge Vending LLC that many feel the same but stay silent, resigned to accept malfunctioning machines as the norm. We’re here to shift that acceptance: • Guaranteed product or your money back. • Large interactive touchscreens. • Tailored product selection. • Rotating “on-sale” items for daily deals. We’re not just vending machines; we’re mini convenience stores, deserving the same respect and quality standards. Too many operators see vending as easy, passive income. It’s time for a mindset change. Treat it as a legitimate business, and it can generate significant revenue each month. Let’s elevate the vending experience! #NewAgeVending #Innovation #BusinessMindset

Starting is the hardest part for everyone. That's why you need to understand the most important things to avoid. Yesterday, I shared 5+ years of valuable vending advice so you can avoid the costly mistakes I experienced. Read it here: https://lnkd.in/ekVJn5Hw

Have you wondered what the difference is between Fully Managed and Self Managed Vending? ❓ Don't worry - Westways Vending Ltd have got all of the answers for you. We've put together a helpful blog post on our website to help. We've answered all of the questions you might have, and which hopefully will help you decide which service is best for you and your business. #Westwaysvending #vendingmachines #vendingservices #fullymanagedvending #coffeemachines

In 2019, my first vending machine generated $4k in revenue in month 1. 5 years later I have 100+ locations, making $80k/month. Here's a recap of how I discovered my niche in vending (+ lessons learned): 1. Aligned my biz with my audience. As a college student, I hung out with people who loved to go out. So, I began by selling Juul pods, a choice that made sense because I was surrounded by people who loved them, especially on a night out 🥂. ✅ Lesson learned: Tailor your biz to meet the needs of your audience. 2. Capitalized on emerging trends. Launching my vending biz during the vape craze was a game-changer. I spotted the rising demand for these products and rode the trend to profit. ✅ Lesson learned: Stay updated with trends and go for it! 3. Leveraged my network. I quickly reached out to friends in 10 different universities. Within two weeks, I had 10 sales reps on board splitting the profits, all tracked by a juicy spreadsheet. ✅ Lesson learned: Never underestimate the power of networking. 4. Embraced automation. Seeing the money roll in, I wanted to automate the process. That's when vending machines entered the scene! My machines initially sold vapes and emergency phone chargers, and now offer other bar essentials—Advil, condoms, tampons, tums, you name it. ✅ Lesson learned: Automation is key to scaling and managing a biz efficiently. I've had my ups and downs, but these lessons helped me find my vending niche. My aim is to share these insights to empower others seeking financial independence and escape from the conventional 9-5. Ready to hustle? Follow me for more!

I often talk about micro-markets because they're really shaping our future in the vending industry. But let's not overlook the classic vending machines. They're not going anywhere anytime soon. After all, not everyone has the room or the crowd to set up a micro-market. That's where our good old traditional vending machines come into play. Here are three key benefits of sticking with traditional vending, plus a crucial bonus: - Convenience: Traditional vending machines fit into tighter spaces, making them ideal for locations where size is a constraint. - Accessibility: They provide 24/7 access to snacks and drinks, serving customers even when other options might be closed, too far away, or just inconvenient. - Ease of Use: With straightforward operation, traditional vending machines offer a hassle-free experience for users of all ages. ***Bonus: Increases Employee/Tenant Satisfaction: Offering quick and easy access to refreshments directly contributes to happier and more satisfied employees or tenants, enhancing their overall experience. If you have questions, shoot me a message. I'm always happy to help!

In the vending industry, success hinges not just on what you stock, but how attuned you are to your customers' evolving preferences. Starting out? Don't worry if you're not sure about the best products to stock. The key is to observe, learn, and adapt. Begin with what you believe will sell, but always be ready to adjust based on what truly moves. Here's the thing: vending isn't a "set it and forget it" game. It's a dynamic business that demands constant attention and adaptation. What doesn't sell today might be a hit tomorrow, and vice versa. So, if something's gathering dust, it's time to swap it out for something else. But how do you stay ahead of the curve? Through feedback. At NewAge Vending, we're not just guessing what people want; we're asking them directly. Every quarter, I personally oversee the distribution of surveys to gather insights directly from our customers. We also place a request box near our machines, checked weekly, to ensure we're stocking what our customers really crave. This isn't about any single product. It's about creating a seamless experience that keeps people coming back. By valuing customer feedback, we not only maximize our machines' earning potential but also build a vending service that truly caters to community needs. Innovation. Adaptation. Customer focus. That's how we turn decent profits into great ones and redefine vending for the better.

4 Vending Machine Myths—Let's Set the Record Straight! There are so many old misconceptions surrounding the vending machine business. Let's debunk some classic myths that might be steering you wrong: ❌ Myth #1. Any location will do. ✅ Reality: Strategic location selection is crucial. I experienced first-hand how poor location choice can waste your time and money. In truth, the location's foot traffic and demographic alignment are important. Placing a vending machine in a low-traffic area or where the target audience is absent can result in underwhelming revenue. Always prioritize high-traffic locations for optimal results. ❌ Myth #2. Vending machines require minimal attention. ✅ Reality: Customer demand dictates restocking frequency. Many people get into the vending business thinking it's mere passive income. This couldn't be further from the truth. In order to keep your customers buying again and again, ensure your machines are stocked with desired items and restock when levels are sub 50%. ❌ Myth #3. Only fix vending machines when they break. ✅ Reality: Regular, proactive maintenance is key. Machines that are frequently out of order create a negative impression and drive customers away. Regular, PROACTIVE maintenance is essential to identify and address issues promptly. Customers like vending machines for their convenience, and that completely defeats their purpose. ❌ Myth #4. Cash-only vending machines are adequate. ✅ Reality: Well, that might have been true 10 years ago. But today? ABSOLUTELY NOT. In 2024, people use their phone to pay at restaurants and grocery stores. So why would they bother withdrawing some cash for a quick buy at a vending machine? Again, these machines exist for their convenience. Now make it so by offering various payment options. Interested in vending tips without the fluff? Follow me for actionable, straightforward, and useful advice.

Lots of people want to make money without working all the time. They think… 'If I start a vending machine business, I'll make money without much effort.' Insight Check: People often think vending machines are an easy way to make money without doing much. But just relying on vending machines for your income can bring setbacks. Let's take a closer look at what really happens and what you should think about instead. Important Questions for Vending Machine Investors: • What if your vending machine doesn't get enough customers? • What if people don't want what your vending machine sells anymore? • What if your machines need fixing a lot or your tech doesn’t cater to people’s preferences anymore? Even if you have many vending machines, can you make money without checking on them a lot? Can you ensure this will provide a reliable source of income? The answer: it depends… If you do it right. The Real Aim: Sustainable Vending Income • Know where to put your vending machines and what to sell. • Make sure you can keep getting more machines with scalability practices. • Have a management system for stocking, fixing, and getting money from them. • Delegating routine and extra tasks with innovative and goal-oriented people. • Build positive relationships with the locations hosting your machines. If you want to use vending machines for passive income… Vending machines can help you make money without working all the time, but you still need to pay attention. To make vending machines part of your passive income plan, remember to: • Explore various revenue streams from your machine, such as displaying advertisements on screens. • Find ways to minimize manual labor involved in operating your machines. • Stay updated with technological advancements and consumer trends.