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Yes that’s right i was able to secure a new vending machine location and need to have it serviced after installing a combo vending machine 2 weeks prior.
New Vending machine location contract needs to be checked after a couple of weeks to make sure that everything goes well with the location and the machine placement.
With new vending machine contract locations it is imperative that you initially ask the staff in charge what is the most popular product that they wanted inside the machine.
Presently doing office locations is not that as lucrative as like 10 years ago. People are evolving into healthy snacks and drinks.
That’s why here in Vancouver, BC it would be best to offer healthy options since it is gearing towards into that direction, or perhaps offer a mix and match varieties.
It is on a Monday when the rain was pouring very hard ! In the vending service industry, you have to service no matter what the weather conditions. Vancouver is a great place to move about and there is no problem when getting around.
The vending operators here are very fortunate because even there is a heavy downpour of rain, you can still continue to do business and the city is very forgiving. There are no floods, no problem with transportation system and everything is very well laid out.
Doing business here in comparison when i was in Makati City was a nightmare. I have to trust my hardy motorcycles to do the job in my deliveries including my team members where they have their own motorcycles which i have to provide. If you are dealing with computer hardware parts in Asia, the best delivery system is via motorcycle.
In Makati City, when it rains the roads are almost impassable and unforgiving. You have to cancel all your appointments and flooding of streets are a common occurrence and you have to live with it.
Enjoying the heavy rain downpour in Vancouver, BC while im taking a lunch break.
- 0.1 Problem :How to solve coin jams in the vending machine ?
- 1 Statistics of New Canadian Coin On A Cash Collection
- 1.0.1 I have tried this several times on the coin counter to see if the new loonies is already mainstream.
- 1.0.2 So what i did was to make a trial sampling computations on the statistics and ratio of cash collection’s on rejected new loonies to the overall collection’s.
- 1.0.3 Conclusion : Following my statistical sampling of cash collection’s and computation, it will still be fine to leave the MEI and CON LUX coin mechanisms at its present state without doing any upgrades.
- 1.0.4 Sample computation :
- 1.0.5 At present im also contemplating to install all my MDB machines equipped with a debit credit card reader.
I thought that towards winter there will a halt in renovations.
Seems that there is no end. I was servicing a location with a vending machine on the 1st floor and the staff mentioned that only the 1st floor will be renovated and there is no need for my machine to be moved.
The duration will take around 3 long months.
I think on my next visit i will try to ask the manager if i can move the machine to the lobby area where there are a lot of guests.
Self employed people always have to be prepared with sudden uneventful situations like this.
So i guess there might be some moving expenses in case it will be moved to the first floor or else there will be no income for 3 months if it stays on the floor that will be renovated.
I also visit a community location where there are some machines which are utilized frequently by kids and parents.
I thought the dreaded out-of-order sign is no more but it seems that this is part of the business.
Coin jams scenarios will never be eliminated especially if most of the consumers are children.
I just cannot picture how the coins gets jammed inside the coin mechanism. It is actually common sense that you have to insert the coin one at a time while observing the price display that registers or acknowledge on the coin and then continue right ? Not everyone is the same i guess.
Problem :How to solve coin jams in the vending machine ?
Solution : Most cases is by flipping the coin flap inside the coin mechanism thereby releasing the accumulated coins.
See the video which i have made to show you exactly how the coin jam was resolved.
I did a lot of work on Monday since it is always a busy start of the week for me. It is always the first day of the week that i need to start the momentum to work.
Statistics of New Canadian Coin On A Cash Collection
I headed down to a coin counter that day since i have some bills to pay. The coins during that day was mostly from a coinco coin mechanism which accepts new loonies. That means all the coins that i have gathered includes a mix of new and old loonies.
I have tried this several times on the coin counter to see if the new loonies is already mainstream.
If the new loonie is mainstream and if a lot of them are around then of course i have to bring my MEI and CON LUX coin mechanisms to Broker House here in Burnaby, BC to have it re calibrated to accept the new loonies or else i will be loosing sales every day.
So what i did was to make a trial sampling computations on the statistics and ratio of cash collection’s on rejected new loonies to the overall collection’s.
Surprisingly the total cash collection’s ratio of finding a new loonies is only 0.41% on every collection’s.
For example : If you have a cash collection’s of various coins of $486 then the new loonie will be only 2 pieces
Computation is $486 cash collection’s 0.41% = 2 pieces
So for instance you have a hypothetical large haul of $1,000 cash collection’s for 2 to 3 days then it will contain only 4 pieces of new loonies.
Conclusion : Following my statistical sampling of cash collection’s and computation, it will still be fine to leave the MEI and CON LUX coin mechanisms at its present state without doing any upgrades.
I went to Brokerhouse located at Burnaby, BC and the technician told me that the cost of re calibration and upgrade to accept the new loonies will cost around $50 a piece.
At the moment in time, i chose not to upgrade my MEI and CON LUX coin mechanisms. I will be observing of the % percentage of new loonies from my total cash collection will increase to at least 2% to 5% then it will be time for me to upgrade and re calibrate all my MEI and CON LUX to comply and accept the NEW Canadian Shiny Loonie.
Sample computation :
This are all hypothetical computations. For $1000 cash coins collection, 2% will be 20 new shiny loonies, 5% will be 50 new shiny loonies.
Earning money from vending machines is tough and every expense needs to be dealt cautiously.
See the video i made on the coin counter for a coin cash collection of $486 which i just got 2 new shiny loonies.
At present im also contemplating to install all my MDB machines equipped with a debit credit card reader.
Most of the populace have debit credit cards and have quite a bit of locations that uses 90% debit credit cards instead of cash. These locations are in the west end where most of the consumers are millennial which makes it better if you just carry a plastic with you than cash.
There will be an article on how i install on existing MDB vending machines with a 3rd party debit credit card device.