China’s soda vending machine business has seen a rapid increase over the last few years. It also has been recognized as a major participant in the retail market. In the world of air outlets is this venture able to earn money? This is an extremely broad subject, as asking if you can make profits from selling clothing or sending express mail, or doing car maintenance. Every industry has the potential to make or even lose money. It is important to understand how you can do it by assessing the feasibility of the idea and the difficulty of operation.
Relatively speaking soda vending machines entered China relatively late, that is just 20 years ago. They then began to rise and increase in the last few times. Soda vending machines are largely dependent on the local economy’s development. More developed areas will use soda vending machines in order to improve their chance of success. In short, the retail market should be large.
China has the biggest population of any country, and the largest retail market. But, the number of soda vending machine is only one fifth that of Japan’s. The market’s vacancy remains huge and it is promising. It is a possible sunrise industry. Even though it’s difficult to build a successful business however, the way to go about it is crucial. These are the primary elements that determine if we make or lose money.
1. Launch site
Concentrated areas with high numbers of travelers are crucial to be selected. This area not only has significant flow of people however, it also has an extended time of stay as well, making it extremely demanding. In addition, when choosing the location you must consider the demands of traffic flow. This is not necessarily a good idea when the flow of people is huge. The streets that are pedestrian-friendly could see a lot of traffic. You should however set up vending machines to sell beverages on this street. There are numerous convenience stores within the vicinity, so it is not an excellent idea. There is too much competition, so ensure you choose products that will be well-sellers on the site.
2. Profit from product
Profitability is also an essential aspect of making money. If your sales volume is large, but the profit of one product is not high, the return isn’t that high. The cost of Chinese drinks market is transparent. This is the basis for the price of drinks. Therefore, the profit of selling food items is higher than the profit of drinks, however the demand for drinks will exceed that of food items. So, there must be a balance between profits and sales
3, Machine quality
There’s no issue regarding the location or profits, but it is a decent soda vending machine. The thing that can be described as good
1. Qualitative
Good quality products have a low failure rate and can help you save lots of money. Quality is not the only factor you should sacrifice. A vending machine which is frequently damaged can be compared to a business that shuts frequently, which can affect the chances of earning a profit. Our promise to earn money is a soda vending machine that works consistently for at least 24 hours.
2. After sales
There is no perfect product. However, there is an ideal service. Every company needs to be able to maintain after sales. A lot of companies fail because they’re unable to keep pace with after-sales and soda vending machines are no exception. Try to go to the field and understand even if the subsequent service could not keep pace delays are not just time, but the loss of funds.
Hommy’s operations span across the nation, R & D, manufacturing, sales, leasing and franchise. It is a well-known operator and maker of soda vending machine in both the domestic and international. Hommy’s company is well-equipped with its technical power and has R & D and manufacturing centers in Jiangmen continually expanding its product options and improving capabilities. Products include soda vending machines as well as automatic beverage vending machines.