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Vending machines were a foreign concept few years back. We could only see them in Hollywood flicks or foreign channels or hear stories about these wonder machines from people visiting abroad. But with the globalization catching up at a fast pace and India turning into a developing nation from a below poverty line nation. The whole technological development scenario of the country is changing. The added contributory factor in technical development of our nation is the easy export and import policy. Moreover the literacy rate has also gone up. All these factors have contributed towards acknowledgment and acceptance of new products.

Vending machines are installed at very few places in India. We generally locate them on airports or a posh super market and at times at few corporate offices. However the trend is changing now and more and more business people and corporate houses find the necessity of installing a vending machine. The purchase of item will be easier. Less monitoring will be required. Things would be available conveniently and one does not have to queue for a bottle of water or coffee or munchies.

Vending business can prove to be a boon to Indian economy. But the product selection should be such that it suits the Indian scenario. They placement of the machines should also be taken care of. The more frequented places like railway stations, supermarkets like big bazaar, more etc, airports, bus stands and shopping malls should be targeted. The most important consideration would be the currency and the mode of buying. The products of the machine should vary according to the location. Like for example at places more visited by the common man, the products like water, snacks, tea, coffee, and news paper should be available and the cost should be low. Whereas in malls and other elite places the product range should be variable. There should be choice of items from food to jewellery to electronics item.

Vending machine is a very handy technological development and it is a must for our economy. We are trying to be at par with the international market and vending business is one more step towards progression of India.

Tags: Business, Hollywood Flicks, Vending, Vending Business, Vending Machine, Vending Machines, Wonder Machines

If you’re new here, and interested in the latest news and insights on news from India and world, you may want to subscribe to our RSS feed. Thanks for visiting I News India.

Vending machines are machines used for buying snacks, beverages, newspapers, water, candy’s etc by inserting money or a token. These machines do not need a cashier to monitor the transaction.

Vending machines cam into use after industrial revolution. These machines were initially used for selling cigarettes but this trend has faded away because of heath awareness. The functionality gradually developed and they started being used for selling other products. But the surprising fact is that the first vending machine was actually invented in the 1st century.

Vending business is a very profitable business and the person owning the machine is bound to get an estimated 100% to 200% profit within a year. There are certain features of vending machine, like the machine accepts certain amount of cash, the product is counted etc. which make the transaction easier. The owners of the vending machine do not need to worry about the change. Each vending machine has its own fixed amount which is dependent on the product to be sold. The vendor needs to spend 20 to 30 hrs in a week and the remunerations for it are good.  This leaves enough time for him to work somewhere else as a part timer. However for the business to do well it is very essential to sell the products which are much in consumer demand. Secondly the location of vending machine is very important. The most profitable and sought after locations are airports, railway stations, super markets, shopping malls; café’s and other such locations which are frequently visited by people. They are very common in offices and schools too.

Vending business has expanded tremendously and there are user friendly technologies too getting introduced to popularize these machines. Nowadays coins and specified bills are not mandatory. Credit and debit cards too can be used to buy an item. With the popularity of the machines the product range has also expanded and it is essential to do so as these may draw the customer more and more and help expand one’s business.

Tags: Airports, Business, buying beverages, buying candy, buying newspapers, buying snacks, buying water, friendly technologies, heath awareness, Industrial Revolution, Machine, Machines, railway stations, remunerations, selling cigarettes, shopping malls; café’s, Shops without shopkeepers, super markets, Vending Business, Vending Machine, Vending Machines