A study on problems with vending machines in India

International Journal of Development Research

Volume: 
13
Article ID: 
26566
3 pages
Research Article

A study on problems with vending machines in India

Pratham Malhotra, Protiksha Singha, R. Pavish Kumar, Raghav Goyal, R. Rohit Jain, Oswal Isha Jithendra, and Mrs. Shilpa Mary, T.

Abstract: 

When you insert a set amount of money into a vending machine, little products are automatically distributed. Vending machines primarily sell food (such as chips and candy) and drinks (such as sodas, juices, and bottled water). A coin, bill, or credit card are often inserted into the device, a few buttons are pressed, and then the snack is removed from the slot it was deposited into. Across the world, you can find hot pizzas, muffins, fries, and even books being dispensed from vending machines. Hot drink vending machines actually brew the coffee and pour it into your cup. This low-risk enterprise offers low startup costs, better returns, and exceptional profit margins. is a fantastic business for both beginning and seasoned entrepreneurs. The entire process is fairly straightforward, and there are hardly any overhead expenses. A vending machine offers a wide range of goods, such as snacks, drinks, prepared foods, fresh groceries, etc. In this sector, the typical margin is roughly 25%. Food waste must be closely monitored and kept to a minimum in today's society when environmental awareness is growing every day. When it comes to profitability, this is also a key element. Better profit margins are also a result of less waste. The vending machine business is successful worldwide. As this is just beginning in India, now is a good time to invest and be a part of what is sure to be the next best thing in unmanned retail. Low investment and high returns; minimal time and effort; The ability for quick and easy expansion and long-term profits, the machine is the recipe for a profitable business. Vending machines are an excellent investment opportunity to ensure a steady stream of income. And if you decide to move further into this business, you will find that the slot machine industry is for you.

DOI: 
https://doi.org/10.37118/ijdr.26566.03.2023
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