LimitlessVending Posted July 17, 2014 Share Posted July 17, 2014 I have had my soda machine in place for 8 months now. I have the soda cans priced at $1, the gatorade at $1.50 and energy drinks at $2.50. I am going to reduce the amount of gatorade sold and replace with the Monster White. The reason being is that the company offers free gatorade in the form of a mix with water. Although they do sell. So I am going to keep fruit punch in there. My question is, should I decrease my price for energy drinks to $2.00? Most of the guys that work here drink them but bring their own because they can get a better price and th C-store before coming to work. What do you price you Energy drinks for? I currently sell Monster, Rockstar and Monster Absolute Zero. Thanks for the help Jon Link to comment Share on other sites More sharing options...
AngryChris Posted July 17, 2014 Share Posted July 17, 2014 I think it's hit or miss. Some people have a routine and the price doesn't always change that. I don't try to compete with c stores. Link to comment Share on other sites More sharing options...
moondog Posted July 17, 2014 Share Posted July 17, 2014 I have had my soda machine in place for 8 months now. I have the soda cans priced at $1, the gatorade at $1.50 and energy drinks at $2.50. I am going to reduce the amount of gatorade sold and replace with the Monster White. The reason being is that the company offers free gatorade in the form of a mix with water. Although they do sell. So I am going to keep fruit punch in there. My question is, should I decrease my price for energy drinks to $2.00? Most of the guys that work here drink them but bring their own because they can get a better price and th C-store before coming to work. What do you price you Energy drinks for? I currently sell Monster, Rockstar and Monster Absolute Zero. Thanks for the help Jon I've been at $2 forever and I sell a lot of Monsters. My customers know my price is low and they'd rather buy a cold one from me than get two warm ones for $3 and hope somebody doesn't snag them out of the refrigerator. I make 60 cents a can which is a lot more than I make on the 12 oz cans. I think your overall profit is more important than maintaining high margins. Just remember. once you make this change it will take a while to catch on so don't be discouraged if your sales don't double the first week. Link to comment Share on other sites More sharing options...
LimitlessVending Posted July 18, 2014 Author Share Posted July 18, 2014 Thanks Moondog. I will make .75 a can by reducing to $2.00. I also work where my vending machine is so the word will get out quicker When I put it in I figured it would always be easier to reduce the price rather than increase it. Link to comment Share on other sites More sharing options...
Djstorman Posted July 19, 2014 Share Posted July 19, 2014 I have been selling monster for $2.50 and have had no issues selling them. I definitely do not compete with cstores and I make sure people know that they are purchasing a service and they are purchasing convenience by not having to walk or drive to the store. Link to comment Share on other sites More sharing options...
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