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How To PROPERLY Price Your Vending Machine Items - Rayzo Vending 

Rayzo Vending
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In today's vending machine video, I will tell you how I price my vending machine items and how much profit I actually make from one of my vending machine locations. If you have any questions or need help, make sure to click the links below. Don’t forget to LIKE and SUBSCRIBE to our vending channel!
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9 сен 2024

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Комментарии : 60   
@rayzovending
@rayzovending Год назад
How Do You Set Prices on Your Vending Machine Products? Comment, Like, and don’t forgot to subscribe!
@AllAroundVending
@AllAroundVending 9 месяцев назад
I love that one of the snack suggestions is "grass fed fish sticks"
@krispotter6844
@krispotter6844 Год назад
I set my prices around the same ratio you do. I aim for 2x the purchase cost but sometimes get better return. Pop does the best, and I buy those by the 24 pack to get costs down further. I think the key was buying a route, instead of one machine when I started. It allowed me the opportunity to move stock around to try and avoid having a lot of expired product. Though, some expired stuff is inevitable. Glad to see you making great videos again recently! I look forward to them 😊
@rayzovending
@rayzovending Год назад
Totally agree! Thanks for sharing your story and pricing technique. We appreciate your continued support too! 🙌🏽
@TechAndWanderlust
@TechAndWanderlust Год назад
Great video! I have call tomorrow with a guy who is selling his locations in my surrounding towns becaue he is retiring after 20 years in the industry
@rayzovending
@rayzovending Год назад
Good luck!
@VendingMachineVlogs
@VendingMachineVlogs Год назад
These some good tips having sec thoughts come my own vending business I shopp at sam's a lot that's all we have here and Walmart trying find good location having hard time finding good spot got a lot of traffic
@rayzovending
@rayzovending Год назад
Glad it was helpful!
@danp5953
@danp5953 Год назад
Great video! I own a vending business and agree with your pricing assessment. You have to double your $ at the very least. I also like to target those cheez-it type items that get a 3x return. Water is very profitable if you have an account that goes through a lot of it. At .30 cost and selling it at 1.50 for 20 oz bottles. I also agree that Mt dew cans don't sell well..but I kill it with the 24 oz bottles at 2.00 retail and .85 cost. Candy is the worst right now and my biggest loss leader. People won't buy candy at 2.00 but will at 1.75. Cost is near .90 so I am not making much $ on candy but the volume is there, and you can't have a vending machine without candy bars in it. I also give away products that are not moving and nearing expiration to my customers and clients. They always appreciate it. I see alot of vendors that have super low prices, like 1.00 for 1.75 oz chips with .64 cost or 1.25 soda bottles at .66 cost. I don't know how they stay afloat.
@rayzovending
@rayzovending Год назад
Exactly. Thanks for sharing!
@chrisseverin6370
@chrisseverin6370 Месяц назад
At this point, chocolate has to be priced at $2.00. Surprisingly people still buy them, as inflation has hit every industry!
@goob599
@goob599 Год назад
This stuff is good to know, thanks.
@rayzovending
@rayzovending Год назад
You bet!😊
@Unrulyqueenofficial
@Unrulyqueenofficial Год назад
This was a good video! It had a lot of great info that you wouldn’t even think of at first. Thanks
@rayzovending
@rayzovending Год назад
Glad it was helpful!
@NSAKEY
@NSAKEY Год назад
Good to see that you are advocating 2x or higher ROI. Hate to see people driving the prices down when it just is not necessary in most cases.
@rayzovending
@rayzovending Год назад
Thanks for watching and for the support!
@evenerentertainment
@evenerentertainment Год назад
Great channel and advice new vendor here
@rayzovending
@rayzovending Год назад
We appreciate your support!
@BabyJamaica
@BabyJamaica 11 месяцев назад
Thank you for this video!! I’m gonna utilize a profit margin calculator for my start up
@rayzovending
@rayzovending 11 месяцев назад
Best of luck!
@MeandYouHello
@MeandYouHello Год назад
Very cool thanks for the information!
@rayzovending
@rayzovending Год назад
Any time!
@germainesummers7505
@germainesummers7505 Год назад
Thank you for this video
@rayzovending
@rayzovending Год назад
No worries! Thanks for watching!
@JuanGonzalez-0308
@JuanGonzalez-0308 Год назад
I try to make a 50% profit at the very least. Some things you can some things you can't. My Cheetos are set at a dollar my monsters are at 3 my 20oz pop is at while my 12 oz pop is so depends on what it is what percentage of profit I am trying to get it at the very least 50%
@rayzovending
@rayzovending Год назад
2x minimum. Correct!
@grywolf99
@grywolf99 10 месяцев назад
I'll take the Mountain Dews! 😅 What kind of place doesn't drink that?? It's the best.
@rayzovending
@rayzovending 10 месяцев назад
😂 this
@morgans8982
@morgans8982 Год назад
Question- so are your drinks in a snack machine? Do your customers complain about the temperature of the drinks?
@rayzovending
@rayzovending Год назад
They are in a combo machine. The bottom portion where the drinks are stocked, is cold.
@aperez8783
@aperez8783 Год назад
I hate that Arizona puts the price on their label. They move super fast because they're only $1, but I know they'd pay $2.00 for that fruit punch!
@rayzovending
@rayzovending Год назад
Thanks for watching!
@NSAKEY
@NSAKEY Год назад
How are taxes and tax write-offs handled? Storage for inventory? Business contracts and commissions? Thanks.
@rayzovending
@rayzovending Год назад
CPA is best to speak to about the taxes and write-offs. Anywhere you choose is your storage for inventory. These are all questions we answer in our member’s only group ‘Vending Machines for Beginners’ on Facebook. Free to join!
@elindigeno1215
@elindigeno1215 7 месяцев назад
How much money do I add in the coin holder for when people pay cash?
@rayzovending
@rayzovending 7 месяцев назад
$30-$50
@vegansoul771
@vegansoul771 Год назад
Where is a good place to buy your vending machine from if you don’t know much about them?
@rayzovending
@rayzovending Год назад
Suppliers. Google search.
@thanosd5809
@thanosd5809 Год назад
You not joking on the mountain dews 😱
@rayzovending
@rayzovending Год назад
They just don’t move lol
@JuanGonzalez-0308
@JuanGonzalez-0308 Год назад
Where did you get those tubs and that cart? And thank
@rayzovending
@rayzovending Год назад
Amazon.
@elindigeno1215
@elindigeno1215 7 месяцев назад
How does the change come with I insert a 5 dollar?
@rayzovending
@rayzovending 7 месяцев назад
Dollar bill acceptor
@elindigeno1215
@elindigeno1215 7 месяцев назад
@@rayzovending Thank you. Looking forward to the phone call.
@ej5473
@ej5473 Год назад
Would you discount products if they're close to expiring vs. giving them away? Like have a discount row or something?
@rayzovending
@rayzovending Год назад
Absolutely! You would just want to keep in mind to return back to the location PRIOR to those items expiring.
@terrylam2754
@terrylam2754 Год назад
Great video! Do u have some niche items priced at $2.5-$3, How does it go?
@rayzovending
@rayzovending Год назад
Yes. Beef Jerky, Energy Drinks, Salad Snacks, Hot Pockets, Sweet Tea, to name a few.
@artiquathomas6778
@artiquathomas6778 Год назад
Hi I’m new here and have subscribed but I wanna know do you have to give any earnings to the company your vending machine is in?
@rayzovending
@rayzovending Год назад
You do not have to.
@ThrivewithJesus
@ThrivewithJesus Год назад
Hey VENDing family, if you are paying commission to any location- do you show all sales price? On paper ?
@rayzovending
@rayzovending Год назад
Yes. Your ‘books’ are subject to audit at any time (unless you specified otherwise in your agreement)
@ThrivewithJesus
@ThrivewithJesus Год назад
@@rayzovending thanks for all you do for us !! I have some slow moving items and I would like some ideas of promoting them, I have products that I can give away, can you walk me through the steps of how to promote and how would I get the customers to be aware of the promotions?.. Thanks in adt
@mrshowtime991
@mrshowtime991 8 месяцев назад
🫡
@Grant2b8
@Grant2b8 Год назад
❤😅
@Grant2b8
@Grant2b8 Год назад
I x it by 3 lol
@garrettdowdell1527
@garrettdowdell1527 Год назад
One of my cousins is a sales consultant. She told me that most retail stores sell their products at a 300% to 500% mark up. So That's what I sell my products for. So if a 16 once coke cost $0.51 x 300% = ?? That's my price.
@rayzovending
@rayzovending Год назад
That was a long explanation to say you charge $1.50/can (12oz). Lol. However, your method works for you, so kudos for that! 🎉
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