Vending machines are going high tech because people in the vending industry sees a big future for the vending machine business. This signifies a growing market and high demand for vending service. You can cash in on this. Vending machine factories would stop manufacturing machines if there wasn’t any money to be made in this business.
Japan is very innovative in the vending machine business. They recently installed high tech software into their machines. New machines at Japanese railways stations are equipped with facial recognition software that is able to identify the buyer’s gender and age. The machine then matches possible items based on the information and suggests drinks to the buyer.
Let’s say a university student around the age of 17 to 20 is at the vending machine, he or she will get a recommendation for a soda. If a 55 year old is trying to buy something, the machine suggests green tea. The software is also able to recognize temperature plus the time and suggests a suitable drink under the circumstances. It would suggest hot coffee for chilly winter mornings, or cold refreshing tea for summer afternoons, something like that.
Factories and vending companies wouldn’t try to keep improving their machines if there was no future in the vending industry. It seems the vending industry is keeping up with the times, and does have a future for people who want to get in the vending machine business. The vending business is about volume sales and targeting your products at the right crowd. It seems those already in the business don’t have a problem accomplishing this.
You can make a decent fortune in the vending machine business if you know how to match items, location and the available market; just like the facial recognition programs do in Japan. Think like a facial recognition software and put suitable items in your machines to match what your market want to buy.
So if you plan to place machines at a sports club or gym, sell energy drinks and energy bars from your machines. If you want to locate some at an office, coffee and snacks would be appropriate. Doing well in the vending machine business is about location and knowing what the people in that area want to buy. Like the Japanese, you can match the items to the available market.