Zachsea Posted December 29, 2021 Share Posted December 29, 2021 Good afternoon everybody. As of right now our pricing is going to get an update this first week of the year. Our current and new pricing are as follows. Canned sodas $.75 , Gatorade $1.50 ,Energy Drinks $2.50,Lss chips $1.00, candy $1.25 ,Pastries $1.00, crackers $.75. Our new pricing will be going to $1.00 a can, candy to $1.50 & $1.25 on pastries. What I’m getting at is where is everybody else at price wise and are you planning to make a price change as well soon? Product costs have really jumped the last year and some change so we ultimately have to rip off the band aid. Link to comment Share on other sites More sharing options...
AngryChris Posted December 29, 2021 Share Posted December 29, 2021 It depends on your region so comparing pricing may not be apples to apples but I'm considering going to 90 cents on cans and 1.50 on candy at some places. That 25 cents is just such a huge bump for candy. I'm already at 1.25 on pastries. Link to comment Share on other sites More sharing options...
tc vending Posted December 30, 2021 Share Posted December 30, 2021 1 hour ago, AngryChris said: It depends on your region so comparing pricing may not be apples to apples but I'm considering going to 90 cents on cans and 1.50 on candy at some places. That 25 cents is just such a huge bump for candy. I'm already at 1.25 on pastries. You think it makes much difference between .90 cents and $1.00 on a can of soda. That's the question I have been asking myself. Link to comment Share on other sites More sharing options...
AngryChris Posted December 30, 2021 Share Posted December 30, 2021 1 hour ago, tc vending said: You think it makes much difference between .90 cents and $1.00 on a can of soda. That's the question I have been asking myself. I can't bring myself to do it unless I find out my competitors are too 1 Link to comment Share on other sites More sharing options...
Popular Post AZVendor Posted December 30, 2021 Popular Post Share Posted December 30, 2021 90 cents will kill your changers. Go to $1. 2 Link to comment Share on other sites More sharing options...
Apple Leisure Posted December 31, 2021 Share Posted December 31, 2021 Either the mech works or it doesn't. You might be reluctant to use odd prices for aesthetic reasons, but there is no practical reason not to set prices at any level, be it 90 cents or $1.05 etc. Link to comment Share on other sites More sharing options...
orsd Posted December 31, 2021 Share Posted December 31, 2021 2 hours ago, Apple Leisure said: Either the mech works or it doesn't. You might be reluctant to use odd prices for aesthetic reasons, but there is no practical reason not to set prices at any level, be it 90 cents or $1.05 etc. Yes. The changer will physically function, but you will have to end up constantly replenishing your dimes and/ or nickels. If the nickel tube runs out, you’ll end up losing sales as well. 1 Link to comment Share on other sites More sharing options...
Apple Leisure Posted December 31, 2021 Share Posted December 31, 2021 56 minutes ago, orsd said: Yes. The changer will physically function, but you will have to end up constantly replenishing your dimes and/ or nickels. If the nickel tube runs out, you’ll end up losing sales as well. Depending on the location, you might have to either replenish more often, or perhaps use a higher capacity mech with appropriate coin tubes. Even better, as we move further away from cash and more into electronic payments running out of dimes and/or nickels should rarely be a problem. Our industry is equipped to handle odd prices. Link to comment Share on other sites More sharing options...
AZVendor Posted January 1, 2022 Share Posted January 1, 2022 Yes, I was referring to the dime and nickle tube inventories, not the life of the changer. If you have cash locations is where you will have a nuisance. Link to comment Share on other sites More sharing options...
Popular Post Southeast Treats Posted January 2, 2022 Popular Post Share Posted January 2, 2022 I would go ahead to $1 on cans, the bottler operated machines have been there for years, and supplier prices are going up yet again for the new year. Candy in the C-Store is over 1.50 before tax last I checked, and some stores have the same pastries we carry at almost $2. I go 1.50 on both. Better to sell one at a profit than 10 at a loss. If you are way below that now you may want to 2 step your increase, half now and half again in June.... 2 Link to comment Share on other sites More sharing options...
Popular Post Apple Leisure Posted January 2, 2022 Popular Post Share Posted January 2, 2022 I agree about going to a dollar for a 12 ounce can. I was just making the point that there's no reason a vending machine should/would have any trouble with another price. But it doesn't seem likely that many people would care about getting a dime back in change, yet it makes a substantial difference to the vendor. Furthermore, if you go to 90 cents now you'll likely need to raise it again soon due to continued rising costs, and people will notice a second price increase in a short amount of time. 3 Link to comment Share on other sites More sharing options...
sshadowssin Posted January 22, 2022 Share Posted January 22, 2022 I just acquired a DN 5800-4, and it had a LOT of room for product. I'm wondering on pricing too...can you guys post what you charge per product? As discussed above, I will be sticking with $1 for 12 oz. The machine I'm replacing was on site already, and has 12 oz cans set at $1. They were selling, but not as well as they could have been, as the machine was not cooling properly. Energy drinks such as Monster and Bang have a profit of 0.59 per unit if I sell at $2. Rockstars have a lower profit due to slightly higher cost. I'm getting Monsters and Bang drinks at Sam's for 1.41 a can. I know some people have gone to 2.50 per can. Is a 2.25 price point logical? Sodas, such as 16 oz - 20 oz...I'm stuck. 16.9 oz coke will cost 0.54 per unit, so I'm thinking of selling them for 1.50. Thoughts? I know 20 oz sodas are over $2 at gas stations. Fairlife protein shakes are 1.32 at Sam's, and I'm thinking of pricing the at $2. The guy I bought the 5800-4 from had his energy drinks priced at $3, which seems excessive, and he admitted they didn't sell well. Do you guys have a rule of thumb for pricing? Like double the cost? If so, where do you draw the line? Thanks for your input! Link to comment Share on other sites More sharing options...
Southeast Treats Posted January 22, 2022 Share Posted January 22, 2022 Monster - 2.50 java monster varieties - 2.75 20 oz sodas - 2.00 Coffee drinks are very popular right now. Dunkin varieties - 2.50. Starbucks much higher but will still sell in many locations. Link to comment Share on other sites More sharing options...
Soggy Posted January 23, 2022 Share Posted January 23, 2022 This is how I went: $1 cans $1.50 Chips/fruit snacks/rice crispy $1.75 candy bars $1.50 16.9 oz sodas(thinking about $1.75) $2.75 energy can drinks few machines I have them at $2.50 $1.50 water("name brand") This hasn't slowed anything down on volume of sales, but pricing is affected by your service area. 1 Link to comment Share on other sites More sharing options...
sshadowssin Posted January 23, 2022 Share Posted January 23, 2022 Wow, I might have to slowly up my game. This is how things were priced when I took over. Candy bars $1 Flavored drinks (such as propel/gatorade) $1.50 Chips $1 I added water @0.75 (Cheap water) I did have Aquafina that I should probably price at $1 or $1.25. I added energy drinks at $2. Might up it to $2.25 in a couple months. Added Pastries at $1, may jump up to $1.25 in a couple months. I do live in a smaller valley, and these machines are located in a plaza, mostly used by a beauty college. Pastries Link to comment Share on other sites More sharing options...
Popular Post Zachsea Posted February 2, 2022 Author Popular Post Share Posted February 2, 2022 Well if its worth the two cents to do a follow up on how it all went down here it goes. We placed a sign on each machine stating in a weeks time from posted date we’d be going up to our new pricing which was listed. I went to the closest convenience stores to each location and made sure we beat their pricing on all items we’d be competing with them with. Due to the sign i believe the shock of a price change wore off after a week and we only received one complainer out of 38 accounts who was directed to the store down the road to compare. I say this all to end with this. If anybody’s nervous to go up on pricing dont be. Most folks understand completely nowadays. 2 Link to comment Share on other sites More sharing options...
Steve B Posted February 7, 2022 Share Posted February 7, 2022 Current pricing on my machines is Cans - $1 Bottles - $2 Energy drinks - $2.50 No one's complained about prices yet, but those prices are very close to the gas stations nearby and still give me good margin Link to comment Share on other sites More sharing options...
CajunCandy Posted February 9, 2022 Share Posted February 9, 2022 Glad I don't do vending anymore! People cried enough at the lower prices! 🤐🤐🤐 1 Link to comment Share on other sites More sharing options...
AZVendor Posted February 9, 2022 Share Posted February 9, 2022 Mike, What are you doing now and what happened to your vending business? Don't tell me all you do now is fish. I can't remember if you told us or not. Link to comment Share on other sites More sharing options...
tblake05 Posted February 10, 2022 Share Posted February 10, 2022 20 hours ago, CajunCandy said: Glad I don't do vending anymore! People cried enough at the lower prices! 🤐🤐🤐 Tell me about it. I just remind them I'm not selling candy and soda, I'm selling convenience. If they still argue. I remind them I'm not forcing them to buy anything. They are free to go to the convenience store any time.... And pay more, plus pay sales tax. 1 Link to comment Share on other sites More sharing options...
TheMageLives Posted February 12, 2022 Share Posted February 12, 2022 I recently raised my pastry prices last week to $1.25 would have done my candy at the same time but I'm waiting on new labels to get here (Monday). Nothing but Bitching and complaining. Your taking advantage of us blah blah blah. We can get a pastry at the bp gas station for .75 I went over there and the Little Debbie's were $1.50 and hostess $2. I have not sold a single pastry all week and I was going through almost a case every week and a half. Debating if I should go back to $1 and not raise the candy from $1 to $1.25. Not really sure what to do atm. I'll give it another week and see if any sells. Link to comment Share on other sites More sharing options...
AZVendor Posted February 12, 2022 Share Posted February 12, 2022 (edited) Stick to your guns. This is a location where nothing will make a difference, They obviously don't like their jobs or are under paid and unhappy. You are just getting all of their anger. It will subside, but you should have done it all at the same time, labels or not. You should have put a notice of upcoming price changes at least a week prior. I hope you didn't just surprise them with it. Edited February 12, 2022 by AZVendor Link to comment Share on other sites More sharing options...
TheMageLives Posted February 12, 2022 Share Posted February 12, 2022 59 minutes ago, AZVendor said: Stick to your guns. This is a location where nothing will make a difference, They obviously don't like their jobs or are under paid and unhappy. You are just getting all of their anger. It will subside, but you should have done it all at the same time, labels or not. You should have put a notice of upcoming price changes at least a week prior. I hope you didn't just surprise them with it. I was actually going to put a notice up but my gf talked me out of it. I have it sitting in my office, I'll grab it before I leave today and post it, said it was due to raising cost of product blah blah blah. Link to comment Share on other sites More sharing options...
AngryChris Posted February 12, 2022 Share Posted February 12, 2022 People lie, exaggerate, and make things up all the time about pricing. Small locations often have the highest percentages of complainers too 1 Link to comment Share on other sites More sharing options...
AZVendor Posted February 13, 2022 Share Posted February 13, 2022 Your girlfriend is not who you should consult about a business she doesn't understand, but good luck with that. Link to comment Share on other sites More sharing options...
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