Is Vending machine business failing in India? This question can be a subject of debate in the vending Industry. Before starting any business, we all look at its growth. how the industry is growing, how the economy is charging the industry, what other players are doing in the same industry,…
People do quit vending machine business if they are not able to survive in the market. Starting a business is easy and quitting the business is easier, but continuing the same business is difficult. In today’s world, we have seen many business models, from food delivery apps to payment sending…
Second hand vending machine (SVM) are frequently found in markets or in stores. Second hand vending machine can also be called refurbished vending machines. They are usually cheap and are often sold at a very low price. In this article we have discussed some important aspects of buying second hand…
Many of the advantages & disadvantages of vending machine are obvious, such as the ease of assembly and the ability of vending machines to be permanently attached to a building. However, the disadvantages are less obvious. A vending machine is an electronic (or mechanical) device that dispenses a product at…
A vending machine is essentially a self-service automated store, usually found in a convenience store, that sells a wide variety of consumer products, including food, drinks, and cigarettes. There are many types of vending machines. For example, there are coin-operated machines that accept coins or credit cards and dispense change.…
One of the fastest-growing industries in the world, the vending industry is one of the most promising and exciting industries to get into. In the United States, there are over two thousand vending machines across the country, with thousands more being installed every year. It is simple to get some…
Time waits for none and with time everything changes. From the ancient era to the modern world, there are a lot of changes taking place. There were times when people use to carry on every task manually. Talking about the business world in general, there was hard labor exercises that…
Entrepreneurs today seek business ideas. Many of us think a Vending machine would become profitable for business. We think providing our customers an additional way of purchasing will amount to additional revenue. But that is not completely right. In order to make it a successful business, there's a lot required.…
Are you willing to open a vending machine business? Have no idea how to obtain a license for it? Owning a business is not that easy, and is equally difficult to manage it. It requires a hard long process. Irrespective of other things, one of the most important things is obtaining…
How often do you hear stereotypes talking about topics such as periods, sexual intercourse, and words associated with them like sanitary napkins, condoms, etc.? Yes, these are the topics that need to be discussed openly without any harm. But in this society, there are stereotypes for whom talking on such…
Opening business is a latest fad among youth. Every single youth has at least once thought about doing business. Also, thanks to Shark Tank India. This show has been popular across India. Now everyone wants to own a business. This is also good for our country. This will give our…
What is a Franchise? “Franchise” is a type of license that is given to an individual or a group of individuals by the owner to function, operate and make profit by running the business under his name. In other words, where a franchisor (the original owner of business) sells his…
When it comes to setting up a business, it is easy if you have resources. Managing it becomes challenging. There are a number of challenges that entrepreneurs have to go through. Same is the case in the vending machine business. Challenges faced in vending machine business can be due to…
Have you ever paid tax on a product? Yes. Everything is comes with tax. Paying tax is the duty of every citizen. One must follow it as per provisions laid down under law. But are all the commodities purchased taxable? In this blog we are going to discuss tax being…
Introduction to Vending Machine Industry There are ways of creatively doing business in the modern world today. Before going into the topic "Advertising through Vending Machines" let us introduce you to the Vending Machine industry. Having heard of the rise in creativity, an amazing revolution in the business world. This…
Want to open a Vending Machine business? Unaware about the start or how effective is it to invest in it? Does Vending Machines Route a Good Investment? In this blog we will discuss all your queries related to how vending machines route a good investment for entrepreneurs today in detail.…
Introduction to traditional and modern retail Traditional retail is also known as numerous small family owned businesses. They are basically an unorganized form of market. Through centuries people have referred to local kirana stores over any other form of shopping before digitalization and the advent of new technology. Even though…
How vending machines are keeping up with the modern trends? The vending machines business is growing rapidly in India. With the modern trends, India has adapted very well with the technology. There are so many different kinds of unique smart vending machines around the world that you just can’t imagine,…
Introduction to vending machine business in India Vending machines are really helpful in every way you see and installing vending machines in workplaces. Which includes offices, schools, colleges, hospitals and other necessary places boosts productivity. With the growing retail sector vending machines can prove to be really effective. With modernization…
Introduction to micro retail? Micro retail is defined as a retail model including small scale shops or boutiques in order to bring innovative ideas and implement in the business to see how it works out. The strength behind a micro retail's success is agility. The fast they adapt to the…
Want to purchase a smart vending machine? As with the rise of technology, everything is growing at a rapid pace. If we talk about vending machines, they are becoming more and more modern with smart technology. The demand for contactless purchases and rapid access to products are increasing as more…
How vending machine started? If we look back at the history of vending machines, the first person who would come to mind will be none other than the Hero of Alexandria, an engineer, and mathematician in the 1st century of Roman Egypt. His machine dispensed holy water once you put…
Introduction to SaaS If you are an entrepreneur or simply a little tech savvy, you must have come across the term ‘SaaS’. Expanded to “Software as a Solution”, SaaS has become the buzzword in today’s industry. Businesses across the spectrum are trying to integrate these SaaS tools into their business…
Advantages of Vending Machines in Schools and Colleges The upcoming third wave of COVID-19 has, once again, spoiled the plans for educational institutions like schools and colleges to open up with full strength. The most sticky point in reopening these institutions has been the need to follow social distancing norms.…
Introduction to Smart Vending Machines and the social impact In our previous blogs, we have talked about how there is growing business scope and demand for vending machines in India. Despite this excitement, the smart vending business still remains an untapped industry. In this article, we will cover the social…
Reasons behind less demand of Vending Machines Vending machines have been around in India for nearly half a century now. However, the industry still hasn’t quite taken off when we consider the vast population of India. The lack of retail outlets for a majority of this population. Although vending machines…
Smart Vending Machines: The Missing Piece in the Snacking D2C Industry’s Success Puzzle Smart Vending Machines and D2C industry go hand in hand thus the recent boom witnessed by the retail industry coupled with the increasing digitization of product and service delivery for consumers has fuelled the rise of a…
This word is a common thing to listen to these days, Smart Vending Machine. Smart Vending Machine Gone are the days when we used to think of Vending Machine as a machine which only eats our money and dispenses nothing.Just like how normal phones have become Smart, the same is…
Unique Vending Machines around the world In India, we have not seen a lot Unique types of Vending machines. But in reality there are a lot of different and Unique types of Vending Machines available in the world. Today we are going to talk about some of them and what…
Vending Machine Business - A Journey In the past few years, Vending Machine business has been on a boom and it is said to grow even more in the coming years.Indian Vending machine business market is expected to witness a substantial growth of 14.9% CAGR during 2020-2026. This proves how…
How vending machine industry is helping in social empowerment. Almost all of us have experienced embarrassment when buying certain products like sanitary pads, condoms, etc. from a store. Fearing judgement on the part of the owner. This uneasiness among customers is termed as “retail embarrassment”. Which is a driving factor…
Introduction The whole world is still reeling from the aftermath of the global pandemic even after nearly eighteen months. Retail is one of the worst affected business segments across the globe coupled with the challenges and threats posed by E-Commerce. This is a watershed moment for retail and they have…
What is Phygital? Phygital is the combination of technology and marketing experience bridging the gap between the digital and real worlds. But the term is more widely used to entail a shopping experience. The customer experience journey is pertinent and critical to the success of Phygital marketing tactics. Investing time…
Understanding the scope of the internet of things in the Indian context and how it can benefit the country As the saying goes, “Change is the only constant”. Futuristic technologies such as the Internet of Things (IoT) are no exception and are all set to transform our lives and bring…
Introduction Internet of things(IoT) is a very common word these days. Technology is reshaping the world in unprecedented ways. The Indian government and corporate leaders must seize the opportunities presented by technology. They need to consider its implications for the future of labour. We know how Covid-19 has taken India…
A brief introduction about vending machine business People are increasingly looking to embrace contactless ways for everyday activities in the wake of the Covid-19 outbreak, from firms asking employees to work from home to consumers turning to online ways of payment to the rising of Vending Machine Business for purchases.…
A brief introduction about internet of things(IoT) According to Berg Insight, the IoT market research provider the global installed base of connected vending machines. In 2017 was 2.6 million units which will reach 5.4 million units by 2022. The global penetration rate will reach 32.2%. The disruption in vending machines…
The water vending machine is a very common type of vending machine that provides water to countless people. They are particularly useful in areas where access to clean water is a major concern. It was a sunny day in May. I was getting ready for school and my mother reminded…