huynhhh Posted September 19, 2014 Share Posted September 19, 2014 So I have a whole bunch of .50cent mechs now and was thinking about switching out all my .25 Vends to .50 vend, doubling the candy that it's giving.. Do you think I would get just as many sales? My idea is that I make double the revenue, because it's twice the price and the COG is the same, or slightly lower. Has anyone done this before? Link to comment Share on other sites More sharing options...
orsd Posted September 19, 2014 Share Posted September 19, 2014 People don't know you giving double Also there's the psychological standpoint of a higher price Also the change barrier Link to comment Share on other sites More sharing options...
sherlock Posted September 19, 2014 Share Posted September 19, 2014 Others on this forum have tried candy at .50 cents. The results have not been successful from what I was able to gather. If you do try, please keep us updated on how it goes. Good luck. Link to comment Share on other sites More sharing options...
havending Posted September 20, 2014 Share Posted September 20, 2014 So I have a whole bunch of .50cent mechs now and was thinking about switching out all my .25 Vends to .50 vend, doubling the candy that it's giving.. Do you think I would get just as many sales? My idea is that I make double the revenue, because it's twice the price and the COG is the same, or slightly lower. Has anyone done this before? Going up on the vend price for same margin is well not smart. It works in large mall kiosk with changers but not at a parts store. Link to comment Share on other sites More sharing options...
redmms250713 Posted September 21, 2014 Share Posted September 21, 2014 I see the one at our mall has gone to 50 cents, they also put signs on each machine that say now bigger vent or something to that sort. Link to comment Share on other sites More sharing options...
rodney69 Posted September 21, 2014 Share Posted September 21, 2014 If you are going to run at .50 you will need labels saying "big handful" or something. AA used to sell them. If I remember right, your in Canada. If you are, you need to ask the people up there, not just here because price points are different if I'm right. You have to look at your area, not just what others do. It will be tough though. trial and error Link to comment Share on other sites More sharing options...
pjvend Posted September 26, 2014 Share Posted September 26, 2014 We put a 'cheap .50 Rhino' at an out of the way south FL location and with 850 count gumballs. That machine had over $18.00 with no complaints so far. Checking the vend 5 times, there was not any 2 for vending either. Link to comment Share on other sites More sharing options...
rodney69 Posted September 26, 2014 Share Posted September 26, 2014 We put a 'cheap .50 Rhino' at an out of the way south FL location and with 850 count gumballs. That machine had over $18.00 with no complaints so far. Checking the vend 5 times, there was not any 2 for vending either. I think in the right places it's time. Competition might come in with .25 though. Link to comment Share on other sites More sharing options...
psk007 Posted September 26, 2014 Share Posted September 26, 2014 With the price of everything going up and up it will force all of us to raise prices just a matter of time. Link to comment Share on other sites More sharing options...
jmac Posted October 12, 2014 Share Posted October 12, 2014 So did you try the 50 cent vend? Link to comment Share on other sites More sharing options...
HotOiler3 Posted October 18, 2014 Share Posted October 18, 2014 Is there any problem with taping a tiny little typed note inside the machine that acknowledges the price went up, but also clarifying that the machine gives twice as much candy? Newbie vendor here, in fact I just ordered my first machine and product today so I don't really even qualify, yet. But would that be against some kind of unwritten code of vending ethics? Might be worth a shot. I know as an infrequent vending machine customer in the past, sometimes I would have rather pay $0.50 once than pay $0.25 twice to get the desired amount of candy...... but thinking from a customers viewpoint, if there were some kind of note to that effect, I'd try it just to see how MUCH candy the machine actually gave up, kind of playing on curiousity with a note to such effect..... Just my thoughts Link to comment Share on other sites More sharing options...
orsd Posted October 18, 2014 Share Posted October 18, 2014 If you do 25, more impulse and people who have .25 in the pocket only sales Link to comment Share on other sites More sharing options...
jerrybrooks vending Posted October 20, 2014 Share Posted October 20, 2014 As far as some candy going up I believe so...but peanut m&ms actually dropped at the sams closer to me...the other one I was going to further away was selling at a cheaper price..so the sams closer to me got wind of it I believe. So they dropped their price a few cents lower..I honestly don't think raising your price will look good to the customer until they can see all around them that prices everywhere are going up..out of a candy machine (gumball machine) they expect it to be cheap and they think they are getting a deal..if you take that away from them....they will pass you by...jmho.. Sent from my Ally using Tapatalk 2 Link to comment Share on other sites More sharing options...
musser Posted October 20, 2014 Share Posted October 20, 2014 I agree, bulk vending is an impulse sale don't give people anything much more to read than the price sticker The Big Handfull stickers are ok though, simple, uncomplicated. Link to comment Share on other sites More sharing options...
Jax Snacks Posted October 22, 2014 Share Posted October 22, 2014 Another thing to consider are the increased number of pieces on 50 cent candy vending. The extra pieces could create more spillage on the floor. And excessive candy spillage on the floor can get you booted. I vend Runts at the lowest setting on a NW machine and still have issues with spilled candy. Spill trays will probably be essential for all machines if going to 50 cent candy vending IMHO. Link to comment Share on other sites More sharing options...
sherlock Posted October 22, 2014 Share Posted October 22, 2014 Another thing to consider are the increased number of pieces on 50 cent candy vending. The extra pieces could create more spillage on the floor. And excessive candy spillage on the floor can get you booted. I vend Runts at the lowest setting on a NW machine and still have issues with spilled candy. Spill trays will probably be essential for all machines if going to 50 cent candy vending IMHO. That's a great point. And spill trays will only go so far to solve the problem. This especially applies to locations with younger customers. But with young or old customers, small hands can only hold so much without making a mess. Link to comment Share on other sites More sharing options...
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