Expert Talks With Ashish Nair

Tired of waiting in line for a cashier for everything you buy? This is 21st century and there is a better way.

Vending machines have been around for ages but they have undergone a significant transformation in recent years, making them one of the most promising technologies for the future. Vending machines offer an excellent opportunity to reduce labor costs for businesses and retailers while reaching new customers and expanding their business base. One of the biggest advantages of vending machines is that they enable a 24 X 7 shopping experience.

Vendstop has been a pioneer in the vending machine field supplying machines in UAE and India. Vendstop’s journey has been a thrilling rollercoaster ride, and credit is due to Mr. Ankit’s invaluable knowledge and insights. I had started with no prior industry experience and have now developed an impressive ability to provide customers with the guidance and support they need as per their unique requirements. Ankit’s contributions have been instrumental in helping the team excel in the industry.

Over the last five years, the industry has experienced remarkable growth and expansion. While previously limited to snacks and beverages, the industry has now diversified into other verticals, including Stationary, PPE, cosmetics, and more. This diversification has opened up new opportunities for businesses and entrepreneurs to tap into previously untapped markets, providing customers with a broader range of products and services to choose from.

Working at Vendstop is characterized by a unique and flexible work culture. As both Vendstop and the industry it operates in have matured, moving from the introductory stage to the growth stage, the company has evolved to meet the changing needs of its employees and customers. The culture at Vendstop emphasizes adaptability and innovation, providing employees with the opportunity to contribute to the growth and success of the company while also achieving their own personal and professional goals.

How have vending machines evolved over the years?

The vending industry has come a long way from being associated solely with snacks and beverages. Today, there are numerous opportunities to explore beyond the traditional offerings. For instance, vending machines can be used to promote and sell a variety of products from established industry leaders, as well as new and innovative offerings. The introduction of new products can be further facilitated through the distribution of free samples, which can help generate buzz and drive consumer interest. Additionally, vending machines can be utilized in corporate settings, providing an additional channel for businesses to engage with their customers and employees.

An economic revolution that vending machine industry has bought to the Indian economy.

Vending business presents a unique opportunity for individuals to start their own business with a relatively small capital investment of 2 lacs. This empowers individuals to become business owners and enables them to generate a steady stream of revenue. With the rise of young entrepreneurs with innovative ideas, vending machines can serve as a direct sales channel, providing a platform for these individuals to market and sell their products. This, in turn, can contribute to the growth of the Indian economy by creating new job opportunities and promoting entrepreneurship.

Which industries can benefit from vending machine installations and scale their businesses?

Vending machines have gained popularity across various industries, from manufacturing to co-working spaces. In particular, the manufacturing industry has tremendous potential for utilizing vending machines to distribute PPE items, such as gloves, masks, and safety glasses. By providing workers with easy access to these essential items, vending machines can help enhance safety and efficiency on the factory floor. This, in turn, can have a positive impact on productivity and overall business operations.

Businesses can reach new audiences while placing vending machines in different locations. Vending machines are set to revolutionize the way people buy and shop products. It is a convenient, fast, and efficient way to shop and is likely to become a norm in the coming years. Visit Vendstop today and expand your business into new horizons. 

                                                                                                              -Ashish Nair
                                                                                                             (COO, Vendstop)