CoinStar Vending Machine Franchise – Earn Money Counting Money
CoinStar franchises don’t really exist. It was the brainchild of a college student who had an idea … to create a machine that would convert loose change into cash. 18,900 kiosks later, you can find them in supermarkets, banks, drugstores, convenience stores and restaurants.
CoinStar, Red Box and other convenient consumer self-services are the new wave of an old product; Sale. Just a side note, Red Box is a subsidiary with revenues in excess of $ 800,000 a year. Vending can and is a lucrative franchise, the secret to having a successful vending business is product placement. Schools, small businesses, parks, and general pedestrian traffic places where people primarily congregate.
The future of vending
Large companies such as NCR (National Cash Register), Diebold, and CoinStar are creating innovative niches within the automated consumer marketplace, ATMs, DVDs, games, ticketing kiosks, and the healthcare market with patient self-registration kiosks. . Even Best Buy has vending machines at select airports displaying personal handheld digital devices, mp3 players, iPods, etc. catering to the impulsive purchases of a global traveler. These niches have proven to be very profitable and the competition fierce to capture market share.
In short: is the sale profitable for the little one?
The answer is a resounding yes. There will always be a ready-to-eat vending market looking for the products they crave. The vending machine business is a low-cost, low-maintenance franchise to get into. The biggest secret to its longevity in vending machines is its location and marketing.
CoinStar used the best locations to market by targeting the businesses where people shop every day. Getting the best locations is key to driving traffic to your sales franchise and your ability to market yourself effectively. By applying simple online marketing methods, the top destination locations will search for you to display your sales products.