Since its inception vending business has been sky rocketing and reached new heights within a very short span of time. The benefits it offers and the kind of image vending machine business has created among operators is one of the reasons that people opt vending machines business.
Then a common question which most people would like to ask is that in spite of its popularity, why now days some vending operators report that they have ended up losing money in this business? Well, lack of sufficient knowledge about the business and industry along with insufficient expertise makes some fail in this business while others lose their money by becoming prey to vending scams. Planet Antares Inc, the leaders in automatic merchandising has stated an initiative where they are educating vending operators and customers about various vending scams. Planet Antares scam alert outlines various methods and tactics adopted by fraudsters to cheat people.
How can one prevent these scams? There are established methods for preventing vending scams. Planet Antares scam alert suggests that careful and planned moves made after thorough search and market analysis can help you in avoiding these kinds of scams.
- Thorough market research: Are you looking at investing your money in a new vending machine model that has been introduced by a new company into the market? As we all know with increasing demand for this business, several hundreds of vending companies have been established in the market and some of them are not genuine. In this case choosing the right company can be quite challenging. The best way to arrive at an ideal company is by conducting thorough market research and analyzing the merits and demerits you would derive by purchasing them. Operators are also advised to collect feedback from customers who have availed the services of this company earlier. This can help you prevent scammers to a great extent. Always buy vending machines of quality brands like Planet Antares.
- New Vending Machines: When you plan to buy a vending machine you may come across many ads of refurbished and second hand vending machines. Planet Antares experts advice vending operators NOT to buy such machines. These machines are mostly subjected to a lot of wear and tear. Such machines can be faulty from day one and you will end up spending money for getting it repaired. In the meantime, you will not only lose revenue that you could have generated, the perishable products that you have planned to stock in vending machines will also get unfit for consumption. Not to mention frequent break downs can result in losing the vending location contract.
- Guidance and support: Are you new to this industry? In that case you can consult seniors who have been operating in this industry for quite sometime now and take their assistance in crucial decision making. Planet Antares support staff guides vending operators about how to identify vending scams and set up their business successfully.
- Never make decisions based on instinct. Be very calculative in every decision you make.
Planet Antares Inc is engaged in manufacturing state of the art vending machines since 1980’s. Over the period of time, Planet Antares has helped many vending entrepreneurs to achieve their goal of financial freedom through vending business. Be smart, stay away from vending scams and make the most from vending business.
Planet Antares scam alert for vending distributors and operators is aimed at educating them about types of vending scams prevalent in the market and how to stay away from them. In recent times, the success of vending business has proved entrepreneurs that vending is one of the most attractive and profitable venture. More and more people are looking for various options in this 42 Billion plus industry. At the same time, the success of vending business has lured various scam companies to enter in the industry.
Planet Antares identifies various vending scams and educates people on how make maximum profit from your vending business.
- To start with, it is advised that operators, distributors and entrepreneurs should always buy a brand new vending machine. They should not fall into trap of refurbished or used vending machine companies who sell inferior quality vending machines. Such scam companies just want to lure you into deals and get money. The machines they supply are mostly repaired machines which can have faults at anytime. Buying such machines can get you in a lot of trouble. Your customers will always be complaining and you will end up spending a lot more in repairs. So in the nutshell, stay away from such vending scams.
- Now days care has to be taken while choosing suppliers for products, especially when you plan to stock local made products in your vending machines. Do check for quantity of product supplied and of course the quality of products. Some scam suppliers may supply wrong quantity of products ordered and may supply inferior quality of products.
- Another thing that should be taken care of by vending operators is to not to indulge deliberately into cash exchange scam. Some faulty machines supplied by scam companies can cause you lose your vending contracts.
Planet Antares is providing tips and alerts to vending operators for safe vending. Follow them and stay away from scams for profitable vending business.
Vending machine scams are on the rise along with its business opportunities. If you are looking at pursuing vending as your career then you need to be aware of various scams and the means of protecting you from themselves.
Few simple tips issued by Planet Antares for avoiding vending machine scams are:
- Thorough market research: Just like any other business model, it is imperative for vending operators to conduct through market research. These kinds of research not only help you to gain knowledge about this business and its operations but also provide you with sufficient information about various genuine players operating. Planet Antares staff can help you in your research
- Decision: Never make hasty decision of decisions driven by instinct. Buyers should always identify various possibilities, weigh them against each other and finally choose the best among them.
- Intention: If someone is trying to force you in making a purchase or is trying to influence you in your decision making, doubt his intentions. Try to find more details about that company, its operations and products before purchasing a product from them.
- Advance payments: Never make any advance payments without thoroughly examining the product you are about to purchase. It is a very common scenario where buyer makes some down payment and books the product. But it is only after its delivery that he finds fault in it.
- Contracts: Never sign any contracts or enter into any agreements with a company or person you are not familiar with. In case he is new to this industry, try to gather information about him and his previous activities.
- Online purchasing: Buyers should be extra cautious if they are about to purchase any products online since there is high amount of risk involved in it. The major disadvantage in online purchases is inability of buyer to physically examine the product.
If these above mentioned facts are borne in mind by upcoming vending operators, they can avoid these kinds of scams. Get in touch with specialists from Planet Antares to know more about having a successful vending business.
Vending machine business has been highly successful in winning the hearts of thousands of people across the globe. This business is not only popular among vending operators but also among customers. Low barriers to entry, high profit margins and low capital requirement have been successful in luring operators towards this business, while convenience and instant services have attracted customers.
Ever since, vending has become a highly profitable industry with great scope for making huge revenue. Besides revenue, there is abundant scope for fraud in this industry. Some of the common methods adopted in vending scams are:
- Exaggeration of performance efficiency: Sellers try to boost the sales of their products by exaggerating the performance efficiency of the vending machine. Operators blindly believe in what the seller promises, get carried away by it and end up in purchasing a poor quality vending machine.
- Huge income potential: Most operators take up vending business thinking it to be a source for making instant money. Thus they end up investing huge money with zero net result.
- Misrepresentation of information: Most second grade manufacturing companies try to push their products into the market by misrepresenting the ease of operation, speed of the machine, its maintenance and revenue that can be generated from it.
In case you are looking at investing in vending machine business, make sure you check how genuine the company is. Try to collect feedback from people of your acquaintance or investors who have been using similar models of vending machines. You can also check the reputation of the seller/promoter by contacting the concerned authorities governing them. Planet Antares has been a trusted company for over two decades and has been helping vending operators increase their profits.
For any information or help you can call Planet Antares staff and get the right guidance before purchasing your vending machine.
Simple, easy to operate, flexible and guaranteed returns, wondering what this is all about. All these are nothing but the unique features of vending machine business and also the prime reasons for its growing popularity. Even though vending machine business is not an entirely new concept, it has become immensely popular only in the recent years.
Drastic change in lifestyles and food habits are the main reasons behind its increasing popularity. The demand for these machines is incredible and so is the number of fraudsters operating in this industry. Vending scams are not just limited to online purchases. Just like the machines, vending scams can also be seen almost everywhere.
Fraudsters are pretty smart individuals and they understand customer weaknesses more than anyone else. Hence they come up with several attractive strategies trying to grab the attention of customers.
Most manufacturing companies or sellers try to convince customers and influence them in their decision making. Even before delivering the product they try to secure complete payment form the customer or make his sign an agreement form. Thus they make him legally bound. It is only upon delivery of the product that the operator would realise that he has been sold a defective piece.
Another strategy followed by vending fraudsters is to display a new vending machine at the time of demo but deliver a totally different piece after purchase. Although this machine looks similar, it is in fact a low quality defective machine.
It is necessary that operators take the advice of professionally qualified people like Planet Antares staff either before signing any agreement or making any upfront payment. If possible, buyer should ask written evidence substantiating the claims made by him relating to the performance efficiency of the machine.
Cautious and diligent approach and thorough research before making decision can prevent operators from falling into vending scams.
Vending machine business has tremendous opportunities for success. In fact this is one of the most dynamic and fast growing industries in the recent past. Despite severe recession, vending machine business has been successful in providing ample employment opportunities to several young and enthusiastic entrepreneurs.
Besides benefits, there are also some pitfalls and risks associated with this business. Most important of them all are vending scams. With increasing demand for vending business, the number of vending scams has also been on the rise. Most of these scams have been designed to target new vending operators.
Lack of sufficient knowledge and expertise is making them prone to these kinds of scams. The number of operators looking to make fast money is increasing. In fact most operators are under the impression that vending machine business is a platform for becoming rich instantly.
These assumptions are made use of by fraudsters and are taken as basis for cheating people. They come up with various attractive offers to misguide buyers.
- Misrepresentation of information is the most common tactic used by these fraudsters.
- Some of them influence customers in their decision making and do not even give sufficient time to think over.
- By their sweet and convincing talks salesmen make buyer purchase more than their actual requirement.
- Under the guise of a new and efficient vending machine, fraudsters try to push their faulty refurbished machines in to the market.
- Sometimes seller collects complete payment and it is only after the shipment of the product that the buyer realises the mistake he has committed.
- Although new machines are kept in display at the time of sales, poor quality flawed machines are dispatched to customers.
- Some fraudsters go to an extent where they collect huge money from several buyers and suddenly disappear with the entire sum.
A buyer should trust only reputed companies for purchasing vending machines. A buyer can check out the list of vending companies from NAMA.
Planet Antares sells only brand new vending machines. All vending machines sold by Planet Antares are equipped with state of the art circuitry and gadgets to make sure operators and end users gets the maximum benefit out of the vending machines.
With thousands of scams being reported on a daily basis across the globe, it makes it quite difficult for people to decide which of these are actually genuine. Lot of us even hesitate to start our own vending business with the fear of being cheated.
Vending is a very profitable business model and you can be successful in this venture as long as you are little cautious and careful in your approach. Mistakes committed by vending operators are giving scope for fraudsters to cheat. It is advised to take guidance from reputed companies like Planet Antares.
- Greed for money: Nowadays we find that several operators are taking up vending machine business with the sheer intention of making quick money. If you are under the assumption that vending business can make you rich in no time, you are thoroughly mistaken. This hankering for money is made as the basis for cheating you. Vending business needs to be carefully planned initially. All three aspects – vending machine selection, location of vending machine and products stocked plays an important role in success of vending machine business.
- Reduce cost: Usually novice to vending machine business fall prey to all sorts of vending scams. These people either due to limited financials or with an intention to save money go after cheap machines. Under the pretext of cheap machines, some unbranded vending manufacturers sell their faulty machines. Sub standard Old refurbished vending machines are sold off by showing them as good as new.
- Online purchase: Business lifestyles and work schedules hardly leave us with any time to personally go out to various companies and purchase products. In order to save time most operators prefer purchasing products online. This is a very risky affair since most of these companies do not exist in reality and they only collect money from you and disappears.
- Hasty decisions: We all know that any business decision needs to be arrived at only after making thorough market research and carefully analyzing all available opportunities. But in order to save time and move fast across the ladder of success, few vending operators come under the influence of manufacturers or salesman and make hasty decisions. This turns out to be very expensive mistake. Do your research about the company, the products offered and their experience in the industry.
These things have to be avoided and due care and diligence needs to be maintained while running vending machine business. Planet Antares staff can help you by guiding you in the right direction while starting your business.
Scam is nothing but an unethical method adopted by people to cheat others. Scams which were once limited to other industries have slowly crept to vending industry. Sellers or manufacturing companies try to misguide vending operators by giving them misleading information or false commitments.
Usually new operators fall prey to these kinds of scams. Lack of sufficient knowledge and information about vending industry makes them prone to these kinds of scams. However by taking a few precautions we can prevent you from falling prey to it.
Before you buy any vending machine from any company, consider other buying options if any. Wholesale stores and national level companies like Planet Antares may also offer similar products at much better rates.
Do try to find out if the company is selling brand new vending machine? You can do so by finding about the manufacturing units of the company. Other financial details about the company will also help in judging about the company.
Always inspect the vending machine physically before paying up. It could be possible that fraud groups are posing as vending machine company just to get money from you and deliver sub standard vending machines. Pay them only when you are assured that it is a genuine company.
Be very cautious whenever you shop online. Since this is one place where there is no possibility for you to check the true identity of the seller. It is very easy for vending machine scams to operate in this way as law enforcement can hardly do anything and at the same time the chances for you to recover your money back are sparse.
It is imperative that every vending operator conducts thorough market research, gathers sufficient information, analyses it and then takes a decision. Apart from this, it is also advisable for operators to check with current vending operators in case of any suspicion about a vending company. These things if followed can prevent you from vending scams.
For more information or help, contact Planet Antares staff and get to know all that you need to about this business.
If you are a regular vending machine user, then you might have come across a situation in which you drop a coin and the machine does not deliver the product. Although the machine looks new and attractive, in reality it is a faulty machine.
As more and more number of operators are curious to start their own vending business so were fraudsters. The main targets for them are novices to this industry. Hence it is very important that you know how to protect yourself from falling into their clutches. Few methods that can help you in this regard are mentioned below:
- Be cautious about paying up in advance. There is every possibility that the vending company collects money from you and later disappears. Pay them only when you are assured that it is a genuine company.
- Be very cautious whenever you shop online. Since this is one place where there is no possibility for you to check the true identity of the seller. It is very easy for vending machine scams to operate in this way as law enforcement can hardly do anything and at the same time the chances for you to recover your money back are sparse.
- Always check with other operators and seek feedback about the company and its products.
- You need to be cautious as most of these scams happen in different names.
- Before you buy any vending machine from any company, consider other buying options if any. Wholesale stores may also be able to offer similar products at much better rates.
Remember never sign any paper or make any payment without doing any preliminary research on your own. These simple tips if borne in mind can help you from becoming a scapegoat to vending scammers. For more information and advice you can rely on Planet Antares staff who have over two decades of experience and are considered the best in the industry.
Vending has always been a very popular business model especially among self employed individuals or youngsters who are ambitious about starting their own business. What makes this business so famous? Low capital requirement and low entry barriers are the two main reasons behind the growing popularity of vending machine business. Both these factors are encouraging more and more entrepreneurs to take up this business.
Besides upcoming entrepreneurs, several fraudsters are also trying to make use of this increase in demand for vending machine business. It is often the new customers who fall prey to these vending scams. With the intention to save on their initial investment cost, they get carried away by the false promises and commitments of fraudsters and tend to purchase low quality products.
Online purchasing is one of the most commonly used platforms for vending scams. There is no direct interaction between the buyer and the seller. This fact is taken advantage by several fraudsters who create several fake websites and lure customers towards it. Upon gathering considerable amount of money they disappear all of a sudden. Planet Antares always recommends its customers to do a thorough research before investing in this business so that no one falls prey to such types of Vending Scams.
Another common practise in vending scam is showing one product at the time of purchase and dispatching an entirely different one to the customer. In these cases, customers are provided sub standard refurbished vending machines. Hence due care needs to be taken by a customer both before and at the time of purchase. Wondering how? You need to do a lot of research work before finalising the company from which you would like to purchase your product. In case such a situation arises, try to pay via cheque or demand order. It is advised to stay alert while dealing with small local vending companies; they can be one timers in business just to rob your money.
Customer has to check if the product dispatched is genuine or not before making its payment. These aspects can help you avoid vending scams.
