12 replies to this topic

[The Silver Duck]

My soda machines are set to .50 per can. Is there any reason for me to keep ANY nickels or dimes in my changers?

I assume they will operate just fine if full of quarters only (0 dimes, 0 nickels)?

[Ronald]

My soda machines are set to .50 per can. Is there any reason for me to keep ANY nickels or dimes in my changers?

I assume they will operate just fine if full of quarters only (0 dimes, 0 nickels)?

You might have to have a few in there to keep the change light out..\

Why vend for 50 cents??? Going rate is 75 cents

[djpvending]

here is a couple situations to consider:

customer puts in one quarte and 3 dimes----at .50 a nicle change is required

customer puts in 4 dimes, fishes thru his change, cant find dime or nickles, and then throws a quarter in= .65 requires dime and nickle change

as already mentioned you need some anyway to avoid correct change only light, and if a bill validator is involved, change is necessary to keep it activated....

[The Silver Duck]

here is a couple situations to consider:

customer puts in one quarte and 3 dimes----at .50 a nicle change is required

customer puts in 4 dimes, fishes thru his change, cant find dime or nickles, and then throws a quarter in= .65 requires dime and nickle change

as already mentioned you need some anyway to avoid correct change only light, and if a bill validator is involved, change is necessary to keep it activated....

I like doing .50 because my machines are in work places, and the employees are more likely to buy that 2nd can of soda if they have .50 in their pockets, rather than breaking a fresh dollar.

I never considered the other points about a quarter and 3 dimes. I guess I do need to have some dimes and nickels in there.

Thanks

[caliwakeboarder]

yeah i have one machine at my office that is set at 50 cents and the bulk candy machine is up against it and they are more likely to spend the whole dollar on a soda and a handfull of peanut mm`s, but the rest of my machines are 65 to 75 cents

[For The Kids Vending]

Sorry I'm a numbers person. At 50 cents a can you are only making 18 to 20 cents per can (Based on my local Sams Club Price). For now assume a purchase price of 30 cents a can. So 2 cans sold at 50 cents = 40 cents profit (with more cans for you to stock) while 1 can sold at 75 cents = 45 cents profit. You make more profit on 1 can then 2 and have a lot less work. Plus they have a quarter left for you bulk candy machine.

Granted it is hard to raise prices but these prices are pretty standard everywhere and it should be easy for you to explain.

Just my 2 cents.

[The Silver Duck]

Sorry I'm a numbers person. At 50 cents a can you are only making 18 to 20 cents per can (Based on my local Sams Club Price). For now assume a purchase price of 30 cents a can. So 2 cans sold at 50 cents = 40 cents profit (with more cans for you to stock) while 1 can sold at 75 cents = 45 cents profit. You make more profit on 1 can then 2 and have a lot less work. Plus they have a quarter left for you bulk candy machine.

Granted it is hard to raise prices but these prices are pretty standard everywhere and it should be easy for you to explain.

Just my 2 cents.

Your logic makes sense if people are willing to pay .75 per can. My guy's won't. Maybe every once in a great while...but not 2 cans per trip to the machine, like they are now. They'd start bringing soda from home.

Our supermarket sells Pepsi products for .17 per can. I have no candy machine, just soda. If my machine were .75 per, the employees would unplug the machine in protest. Blue collar factory workers tend to buy more soda when they feel they are getting a good deal. I don't have enough locations where I can pick and choose where my machines are. So far, the lowest daily intake for this machine has been $7.50. I'll take my $7.50 (low end) per day over making these workers angry to the point they ignore or vandalize my machine.

Yes, and I can make even more profit if I set it to $1 per vend. The problem is that these guys won't even look at my machine if it's above .50 per. So my .33 profit per can beats a machine full of unsold .58 profits.

[The Silver Duck]

Your logic makes sense if people are willing to pay .75 per can. My guy's won't. Maybe every once in a great while...but not 2 cans per trip to the machine, like they are now. They'd start bringing soda from home.

Our supermarket sells Pepsi products for .17 per can. I have no candy machine, just soda. If my machine were .75 per, the employees would unplug the machine in protest. Blue collar factory workers tend to buy more soda when they feel they are getting a good deal. I don't have enough locations where I can pick and choose where my machines are. So far, the lowest daily intake for this machine has been $7.50. I'll take my $7.50 (low end) per day over making these workers angry to the point they ignore or vandalize my machine.

Yes, and I can make even more profit if I set it to $1 per vend. The problem is that these guys won't even look at my machine if it's above .50 per. So my .33 profit per can beats a machine full of unsold .58 profits.

Double post.

[snack dude]

Your logic makes sense if people are willing to pay .75 per can. My guy's won't. Maybe every once in a great while...but not 2 cans per trip to the machine, like they are now. They'd start bringing soda from home.

Our supermarket sells Pepsi products for .17 per can. I have no candy machine, just soda. If my machine were .75 per, the employees would unplug the machine in protest. Blue collar factory workers tend to buy more soda when they feel they are getting a good deal. I don't have enough locations where I can pick and choose where my machines are. So far, the lowest daily intake for this machine has been $7.50. I'll take my $7.50 (low end) per day over making these workers angry to the point they ignore or vandalize my machine.

Yes, and I can make even more profit if I set it to $1 per vend. The problem is that these guys won't even look at my machine if it's above .50 per. So my .33 profit per can beats a machine full of unsold .58 profits.

Alot depends on what part of the country your in. I sell cans at .65 cents and have a 53% gross profit. If silver duck can buy enough cans to service his accounts at .17 cents a can and sells for .50 cents in my opinion he is doing just fine. There is other factors to take into consideration. What the market will bear for one. Also cost of living and expenses. I got gas this morning for $2.18 a gallon, in chicago or other major city its probably $3.00 or more a gallon. So if I owned a gas station here would " For the kids Vending" say I should charge $3.00 a gallon because thats what they are charging in Chicago. I would never sell any gas. Same Thing. My two cents worth.

[soco]

I see For the Kids point...my cans are priced at .75 and my blue collar workers pay it. Since the local convenience stores are the same if not more I don't give it much thought. I'm paying $2.52 at the pump and I'm in the Northeast.

[The Silver Duck]

I see For the Kids point...my cans are priced at .75 and my blue collar workers pay it. Since the local convenience stores are the same if not more I don't give it much thought. I'm paying $2.52 at the pump and I'm in the Northeast.

I wish your workers would convince mine. Mine would unplug the machine or vandalize it. My machine is at a animal hide shop, the first stop between a live animal and a sheet of leather. These are some crude, burly dudes. Did I mention the stink? Anyway...I don't think these guys would be very happy with .75 cans. They know how much I am paying per can. They are willing to pay a small fee for the convenience of having a soda machine, but they won't pay .75 for something they know I paid .17 for.

[For The Kids Vending]

Man I wish my cans were only 0.17 per can. Occasionally a supermarket will have a buy one get one free sale but that's still $0.25. Otherwise off the shelf supermarket prices are around 0.50 per can. I figured prices were more or less standardized, but obviously I'm wrong. Yes if you are buying at 0.17 per can then 0.50 is perfect because if your mark up is too high then they go elsewhere.

[The Silver Duck]

Man I wish my cans were only 0.17 per can. Occasionally a supermarket will have a buy one get one free sale but that's still $0.25. Otherwise off the shelf supermarket prices are around 0.50 per can. I figured prices were more or less standardized, but obviously I'm wrong. Yes if you are buying at 0.17 per can then 0.50 is perfect because if your mark up is too high then they go elsewhere.

5 24-can 'cubes' for $20.