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Choosing the Right Machine

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365 – Budget Micro Markets and Smart Machines

365 – Budget Micro Markets and Smart Machines

Mike Hoffmann

Vending Machine Expert

Explore the cost-effective solutions offered by 365 micro markets and smart vending machines for businesses and residential spaces.

Affordable Micro Markets with 365 Retail Markets

In this module, we explore a more cost-effective micro market solution: 365 Retail Markets. Like Cantaloupe, 365 offers open-style vending systems, but with a more affordable setup. These systems are ideal for locations that don’t prioritize luxury aesthetics but still want the functionality of a modern micro market.

Why Choose 365 Retail Markets?

365 offers a cheaper and more flexible alternative to premium micro market providers.

Key benefits:

Cost-Effective Setup:

  • 365 systems can be small and efficient, suitable for locations with limited space or budget.

  • Instead of paying $5,000 or more for a large checkout kiosk, 365 enables a lower-cost point-of-sale solution integrated directly into the fridge or shelving.

Ideal for Non-Luxury Environments:

  • Perfect for businesses or apartment complexes that don’t require high-end visual design.

  • You can use basic shelving, a fridge, and even display smaller items (e.g., medicine, chapstick) on top—maximizing product flexibility and shelf space.

Flexible Payment Experience:

  • Customers simply scan their items at the fridge door or shelf scanner, rather than using a large touchscreen kiosk.

  • This reduces both hardware costs and footprint size while maintaining convenience.

Managing Theft in Open Markets

Like other open micro markets, theft is a consideration—but it can be addressed effectively with the right setup and environment.

Recommended practices:

  • Use 365 micro markets in employee break rooms where access is limited and there's a culture of accountability.

  • Partner with the HR department to post clear signage: Example: “Theft will not be tolerated and may lead to termination.”

  • Install cameras to monitor the area and reinforce responsible usage.

When Not to Use an Open Market

Open markets may not be ideal in certain environments:

  • Apartment complexes, particularly those with nighttime foot traffic or concerns about residents returning late (e.g., from bars), pose a higher theft risk.

  • In these cases, use a smart machine instead—such as 365’s Stockwell model, which features: Locked doors that open only after payment is made.Same vending flexibility but with added security.

Summary:

  • 365 Retail Markets offers an affordable, flexible micro market solution for value-conscious locations.

  • Great for non-luxury environments where function matters more than aesthetics.

  • Supports a lower hardware investment without sacrificing core vending capabilities.

  • Best placed in employee break rooms with theft deterrents like signage and cameras.

  • For higher-risk environments, pivot to smart machines with secure access, like the 365 Stockwell.

This module equips you with options for scaling your vending business using cost-effective, modular systems that fit a variety of locations and risk levels.

Complete the following exercises:

1. Reflect on a setting you are familiar with, such as your workplace or a local apartment complex. Consider whether a 365 micro market could effectively serve the needs of this environment. What items would be most beneficial to include, and how might you address any potential security concerns?

2. Imagine you are tasked with designing a 365 micro market for a small office building. Outline the steps you would take to ensure the market is both cost-effective and efficient, considering factors such as location, product selection, and security measures.

QUIZ

1. What is a key advantage of using 365 micro markets in non-luxury settings?

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Leave your comments and questions below.

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Join Vendingpreneurs

Join live weekly calls with me & coaches with $1M+/mo vending experience. We'll handhold you through your first vending business.

Join Vendingpreneurs

Join live weekly calls with me & coaches with $1M+/mo vending experience. We'll handhold you through your first vending business.