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To launch and test new micro market products, partner with suppliers, use eye-catching signs, hold customer events, and analyze sales data. These steps help make your market exciting, boost sales, and keep customers happy.
Learn how to make small changes that can have a big impact on your business. In this webinar, we’ll discuss Exact Authorization, a new setting that reduces consumer confusion and increases revenue by authorizing the exact amount of each purchase. We’ll also cover the benefits of our Cash Flow Advantage program, which offers daily deposits and increased revenue opportunities. Don’t miss this opportunity to optimize your operations and simplify your business.
Feel Good Market, led by Aldo Tejada, is transforming shopping in Panama with staffless, cashless micro markets. They aim to expand into homes and hotels, prioritizing customer trust and convenience.
Making businesses accessible helps everyone, including people with disabilities, shop easily. Features like voice prompts and big touchscreens let customers buy things on their own. This makes shopping faster and happier, bringing more people and sales to the store.
In this insightful and informative discussion, industry experts Chris Constantino, Jace Gatmaitan, and Russ Russell come together to share their experiences and strategies for overcoming common vending machine challenges. They delve into crucial topics such as employment challenges, price increases, and effective strategies for managing these obstacles. Packed with valuable insights and real-world examples, this video is a must-watch for vending machine operators and business owners looking to stay ahead in the industry. Don’t miss out on this opportunity to gain valuable knowledge and actionable tips from these seasoned professionals.
To boost micro market sales, understand customer needs, expand to new locations, use reward programs, adjust prices, and highlight high-margin products. Cashless payments, self-service kiosks, and smart coolers make shopping faster, easier, and more fun.
Modernizing business operations helps solve high costs and labor shortages. It involves using technology to improve customer and employee experiences, being flexible, and engaging employees in technological changes for successful transformation.
Micro markets are expanding rapidly, with a 36% increase in locations in 2023. Nearly all payments are cashless, accounting for 96% of transactions. Consumers spend more at micro markets compared to vending machines, and sales are projected to grow by 20% in 2024.
In 2024, self-service retail is shifting towards cashless payments, with vending machines and micro markets expanding. Cashless options increase spending, and card readers enhance profits. Software streamlines micropayments, simplifying shopping and enhancing convenience.
Monumental Markets collaborated with Cantaloupe to enhance services across 500 locations, implementing new software for easier billing and improved scheduling. This upgrade speeds up service and prepares for future technological advancements.
Micropayments — any transaction less than $10 — have been following that same trend. In this report, we’re excited to share our analysis of these micropayment trends in self-service retail (including food & beverage vending machines and micro markets) and gaming & amusement machines. We also predict how they’ll evolve into the future.
Micro markets are spreading to hotels, luxury apartments, and gyms, offering convenience and a variety of products. This expansion increases accessibility to snacks and essentials, enhancing customer satisfaction and sales.
Take a deep dive into the world of efficient vending operations with our new video series! Watch as our experts Jason and Derek walk through the power of Seed Pro’s new Seed Analytics feature. Learn how comprehensive dashboards and data visualizations can transform your vending business. Reduce stop costs, minimize machine visits, and maximize efficiency with insights into lead machine triggers, scheduling criteria, and more.
Seed Markets introduces new tools for better micro market management. Features include one-click market setup uploads, easy inventory tracking, and shortage analysis. These enhancements simplify shrinkage management and support efficient business expansion.
Installing card readers on gaming machines boosts revenue and customer satisfaction by allowing cashless payments, offering business insights, and cutting operational costs. This results in higher spending, smooth transactions, and better operations for operators.
In this episode of Retail on the Go, Aldo Tejada from Feel Good Markets in Panama shares his insights on the dynamic evolution of micro markets and his vision for the industry’s future. As a first-time entrepreneur in the market industry, Aldo reflects on the challenges and triumphs he’s encountered. We delve into the distinctive approach of Feel Good Markets, which provides unattended retail solutions to corporate clients without the use of cameras, with a strong emphasis on offering healthier product choices. Aldo underscores the significance of a comprehensive grasp of your business model, the delivery of value to clients, and the provision of exceptional service.
In this episode, we explore warehouse management with industry expert Maxwell Elliot. Learn how micro market operators can simplify their business with software solutions, overcome challenges in inventory management, and streamline picking processes. Discover the benefits of technology like Seed Pro and Pick Easy in enhancing efficiency and reducing errors. Gain insights into best practices, inventory management strategies, and common pain points to watch out for. Join us on this journey to optimize your warehouse operations and drive revenue growth.
Warehouse picking software improves vending operations by speeding up order picking, reducing errors, and decreasing paper use. It displays pick lists on tablets, allowing workers to manage multiple orders simultaneously.
In this episode of the Retail on the Go podcast, Dave Little and Murphy from Cantaloupe discuss the growing popularity of micro markets in residential apartment buildings. They delve into the benefits that these markets offer to both residents and property owners, including convenience, variety, and increased revenue streams. Dave and Murphy also provide insights into the ideal locations for these markets within apartment complexes and the impact they are having on the self-service retail industry as a whole.
To secure a micro market, choose safe locations, install security cameras, use live monitors, manage remotely, put up signs, adjust prices, and use kiosks with cameras. These steps help prevent theft and protect your business.
In this episode of Retail on the Go, hosts Russ, Kylan, and Dave explore the untapped potential of micro markets in commercial gyms. They discuss the current state of gym markets, the benefits of installing micro markets for both gym owners and operators, and address common concerns such as theft and shrinkage. They also explore opportunities for gyms to expand their offerings by selling merchandise and toiletries through the micro markets. The discussion highlights the evolving nature of self-service retail and the exciting possibilities it presents for gym locations and residential properties.
KVM and Blue Agave introduced kegerators, self-serve coffee machines that allow users to pour and pay for the exact amount they drink. Cantaloupe’s Seed Pro software tracks sales, enhancing efficiency and popularity in locations like apartment buildings.
In this episode of Retail on the Go, Tony Danna, an industry expert with over 8 years of experience in the vending industry, joins us to discuss securing your micro markets and preventing theft. We explore various security measures such as cameras, abandoned shopping cart systems, smart locks, and signage. Tony emphasizes the importance of a good working relationship with the location to curb theft and provides tips on how to set up theft-deterring contracts. He also highlights the advancements Calculo is making in theft prevention, including smart locks, smart coolers, and AI-powered coolers. Tony predicts that in the next 5 to 10 years, we’ll see more affordable and technologically advanced micro markets, similar to Amazon Go stores.
In this episode of Retail on the Go, we explore self-service commerce and micro markets with industry experts Quinn Miller, O’Neil Sawh, and Dave Little. Quinn, the owner of Blue Agave Vending, shares his journey from software sales to the vending industry and how he identified a unique opportunity in residential micro markets. O’Neil, the CEO of Dispense Tech 360 and inventor of the KVM (self-serve dispensing beverage machine), discusses the rise of self-service devices post-COVID and the growing need for labor-saving solutions. Together, they explore the seamless integration of KVM machines within micro markets, the advantages they offer, and how they can enhance customer experience and increase revenue.
Smart coolers are a cost-effective alternative to vending machines. They use less energy, offer more product choices, and accept cashless payments, making them convenient for customers. These features enhance business efficiency and customer satisfaction.
In this episode of Retail on the Go, Russ and Kylan from Cantaloupe, Inc., discuss the rise of micro markets, from their humble beginnings to their current popularity. They explore the benefits of micro markets over traditional vending machines, such as increased product variety, a better customer experience, and the chance for operators to become retailers. They also discuss the latest technological advancements, including cashless payment options, loyalty programs, and inventory management systems, that are shaping the future of micro markets.
Join Cantaloupe’s Russ, Max, and Kylin as they launch their new podcast, “Retail on the Go.” This series will delve into the ever-changing landscape of self-service commerce, with a special focus on micro markets. Each episode promises to bring you closer to industry experts and operators, sharing their valuable experiences and insights on micro markets, from the latest trends and innovations to the challenges and opportunities they encounter. Whether you’re a seasoned micro market operator or just starting out, this podcast is a goldmine for those seeking to lead in the fast-paced world of self-service retail. So, tune in, and let’s get started!