Vending An All Time Favourite Business

Most of you might not be aware of the fact that Vending has a very long history. The very first vending machine was invented 215 BC by a Greek Mathematician. This machine was used for dispensing holy water in Egyptian temples. As people started accepting these machines, commercial coin operated machines were introduced. This was sometime in 1880’s in London and this machine was used to sell post cards. This was just the beginning and thenceforth there was no looking back for this industry.

More and more entrepreneurs are lured towards this business because of the guaranteed returns it promises. Operators are even prepared to invest any amount of money in order to harvest huge returns. Some of the benefits of this business are discussed below:

• Vending is perhaps the only business that allows you to earn money right from the day of installing your machine.

• This is not a business that is influenced by seasonal variation. You have almost the same demand throughout the year. So operators need not worry about season and off season.

• Starting a vending business is very easy. It does not demand specialised skills or huge floor space for installing the machine.

• In a vending business, most of the promotion is carried through word of mouth and hence operators need not spend money on taking up promotional activities. In case you vend branded products then you need not worry since these products are popular across the globe and their sales happen automatically.

• There are no set working hours and operators can work at their own convenience.

• You need not employ any sales personnel, no need for any franchise fee, no royalties and there are no set boundaries on the market for operating your business.

• Profit margins are very high in this business.

• An operator can expand his business without taking any loans and advances by reinvesting the returns on his existing machine.

All these benefits are prime reasons behind increasing demand for this business.