Hello again, as we all know chocolate bars such as snickers, twix & butterfinger have skyrocketed in price over the last couple of years, so what can we do. We can do a few things, we can absorb the increase in price, we can pass on the price to our customers, or we can substitute some of the chocolate bars with some higher profit items. If you do not have these items in your vending machine then try them, Nutty bars (these are chocolate wafers with peanut butter between them), Oreo cookies (6 pack), Sweet & salty bars & Fruit by the foot. My vending customers love the nutty bars & oreo's are a big favorite, there are other substitutes out there you have to find them & try them. You can sell these items at a lower price (your customers will like that) & your profit & profit margin will be higher. An example would be snickers cost around 43 cents & most are charging around 80 cents to non-commission accounts. The profit would be 37 cents or 46%. If you used nutty bars you can charge around 65 cents to non-commission accounts & the cost is only around 20 cents. The profit would be 45 cents or 69%, in the case of the oreo's the profit should be around 40 cents or 61%. In both these examples i am using 65 cents as a sale price, 15 cents less then the choc. bar & in both cases the profit was higher with both substitutes. Again both of these items are cheaper for our customers to buy & both are very popular in my machines. A couple of things before i end, chances are you will not be able to take out all the chocolate bars lets be realistic, our customers want some chocolate bars so you still have to decide what to do about the price of those items. Second you will have to experiment with each vending account before you find out what choc. bars you can substitute & what substitutes sell in each account. Keep the big sellers & move out the smaller selling bars, this will keep them happy then sprinkle in the substitutes & see what happens. Check out our other tips at http://vendingideas.blogspot.com/
HAPPY VENDING!!
