Rising Prices
Today’s economy isn’t as stable as it has been before. With the rise of gasoline prices, everything else rises. So the question is what do you raise your prices to. This is very hard to determine, some companies will make you remove your machine if you raise the prices to high so this makes some people think twice before raising the price.
So the question is how are you going to recoup your rising cost of product AND your $4 average for a gallon of gasoline. So if you are going to raise the price, you are asking yourself how high is too high. I have seen soda ranging from $1.25 to $1.50. The average is around $1.35, much higher and you most likely wouldn’t get a good response unless it is a high traffic area.
The price of snacks have gone up to about $.90. Corn syrup price has raised so this affects the price of regular candy products and sodas.
If you have a larger route, of 100+ machines then it could be worth looking into a very fuel efficient car such as a hybrid or a Honda Civic or Toyota Corolla which both receive about 35 MPG.
Tags: economy, gasoline, vending machines, vending prices