The Old Vending Machine Vs. Today's Smart Ones
Infinite CBD • January 16, 2020
The idea of having a vending machine at your business is not unique. Maybe the business you work for already has vending machines in the lunchroom or waiting area. Whether you’re in the startup or growth stage, there is a lot to learn about the vending machine industry. Millions of vending machines are in businesses in the U.S. alone.
According to Vending Market, the vending machine industry generated $23 billion annually. Maybe you want to get into the vending machine business as well. This is a lucrative option for entrepreneurs, startups, and established businesses. Aside from the fact that it’s profitable, it can spice up your business.
Maybe you’re looking for the perfect moment, you have connections to CBD suppliers, or you know someone who is in the vending machine business and is successful at it. Whatever your reason, you’re probably looking to expand on your business portfolio. This idea can become a lucrative business with little investment. With the right CBD product line and an interactive user interface, a vending machine can generate thousands of dollars in revenue.
Vending machines aren’t going away anytime soon. Just by walking through any major airport terminal, you’ll see vending machines selling everything from noise-canceling headphones to last-minute travel items. Some are even entering the health and wellness industry. According to the Brightfield Group, the CBD market is expected to hit $20 billion by 2020.
It’s no surprise why you’re probably considering to use vending machine at your place of business. CBD vending machines are a great way to encourage good health and can be placed everywhere, including:
CBD vending machines are popular in big cities. Maybe you want to consider offering CBD infused products such as capsules, coffee and tea, gummies, and CBD oil. There is a good reason to cash in on this industry. According to Global Market Insights, the global vending machine market is expected to grow and will continue to grow at a rate of 16% into 2024.
There are several reasons as to your business should consider using vending machines. As you already know, having a vending machine is a great way to generate additional profit. Businesses that have vending machines notice they’re more low maintenance than originally anticipated. Products are easy to replenish and maintain, which reduces overhead costs.
There are many types of vending machines to your liking. You’re not limited to just one type. Depending on the type of vending machine you need, you can sell a variety of CBD products to increase profits and revenue. You can sell perishables, oils, or even creams and lotions.
Many vending machines serve different purposes and accommodate different products. They also have enough room for packaging shapes and sizes, which allows you to profit off of the health and wellness industry.
Since vending machines have the same carbon footprint as traditional retail establishments, their portability allows them to increase their consumer reach. Vending machines can be used anywhere from shopping malls to public transport hubs.
Vending machines can also improve the shopping process by offering a wide variety of payment options and detailed product information. These added features have turned vending machines into smart vending machines and increase the profitability of your business. This leads to an increase in marketing demand, especially in the health and wellness industry.
Another added benefit of vending machines is that you can choose which CBD products to sell. It’s the perfect way to promote health and wellness by offering CBD-infused food and drinks. You can even test drive different products and see which ones sell the best.
Infinite CBD offers CBD vending machines for the buyers convenience. For more information about your own CBD vending machine, you can call us at 302-562-1645 or email us at [email protected].
No matter what stage your business is at, the ability to use vending machine allows you to grow and expand your business. It’s a great way to generate profits while promoting health and wellness.