Profit from vending machines

Vending machines are definitely a common amenity in subway stations, hospitals, and schools. The benefits of a vending machine can vary depending on the type of goods being sold and the location of the machine. According to statistics, as of 2018, there are about 600,000 vending machines in China, mainly canned drinks and snacks. The industry's annual sales are estimated at 30 billion yuan. How to invest in vending machines to make money? How much is the profit of the vending machine? How much can you earn every month? Vending machines are a type of new retail, and owners don't have to work from 9 to 5 every day to make money. A single vending machine usually doesn't make much profit every month. However, when the owner owns many different machines in multiple locations, the business can be very profitable. Profit per unit: A single vending machine usually does not make a lot of money. For example, an ordinary beverage and food machine sells an average of 4,000 yuan per month, with a gross profit of 50%, earning 2,000 yuan. The main expenses are as follows: machine depreciation/maintenance 500 yuan/month, site fee market fee 500 yuan/month, labor cost for adding goods 500 yuan/month, warehouse car office rent and financial management expenses 500 yuan/month. It is lucky to have money left after deducting expenses. Unless the general individual is opening a retail store, he does not need to consider the venue market cost and management cost, and rarely invests in a single vending machine. Profit from multiple units: Companies mostly use this method. For example, an ordinary machine sells an average of 4,000 yuan per month, and the company has 100 machines with a monthly gross profit of 200,000 yuan. Expenditures are as follows: machine depreciation/maintenance 50,000 yuan/month, market costs and site costs 50,000/month, labor costs for adding goods 40,000/month, warehouse car office cabinet rent and financial management expenses 30,000 yuan/month, calculated in this way, 30,000 remaining per month. Profit Variance: There are several factors that can affect the profit of a vending machine. 1. The cost of the product will affect the profit. Usually, the larger the purchase volume, the stronger the bargaining power. 2. Management costs. Necessities such as office space, vehicles, promotional materials, etc., the greater the number of machines, the lower the cost per machine. 3. Location. Some vending machines have very high traffic, and some machines are left alone. 4. Advertising and other subsidies. For example, WeChat, Alipay and UnionPay offer preferential activities and subsidies to promote their own business, body and online advertisements, etc. Growth Potential: There are a number of ways a vending machine business can use to increase profits. 1. Moving a poorly performing vending machine to a new location can increase sales and profits. 2. Adjust the product and price to find something attractive to customers and generate more profits. 3. Join or cooperate, share purchase channels to get better prices, and gather strength to obtain additional profits such as advertising and subsidies.

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