Vending Machines

1. A vending machine is a device that can dispense food, lottery tickets and beverages to customers automatically without the help of an intermediary.
2. It is beneficial to small business owners as they can operate 24X7 and eliminates the cost of hiring employees.
3. Vending machines can be used in different environments for different target audiences from airports, train stations, malls, hotels and lodges to grocery stores, lobbies and offices.
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5. The most common types of vending machines are candy and soda machines, coffee machines, change vending machines, toiletries and medical supplies vending machines and office supplies vending machines.
6. The major advantage of having vending machines installed is that it offers 24-hour availability of vending products, as long as the machine has a power source.
7. The other advantages of having a vending machine are:
i) Small businesses can be free of bad cheques and outstanding accounts receivables to collect.
ii) It produces income 24 hours a day.
iii) Most vending machines come with an automatic internal self-cleaning system.
8. The drawbacks of getting into the vending machine business are:
i) The machine is prone to theft and the owners cannot watch the machine at all times.
ii) Fake coins could be used to purchase products.

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