CoinStar franchises don’t really exist. It was the brainchild of a college student who had an idea… create a machine that would convert loose change into cash. 18,900 kiosks later, you can find them in supermarkets, banks, drug stores, convenience stores, and restaurants.

Automated Retail

CoinStar, Red Box and other convenient consumer self-services are the new wave of an old product; Sale. Just a side note, Red Box is a subsidiary with revenues in excess of $800,000 annually. Selling can and is a lucrative franchise, a secret to having a successful selling business is product placement. Schools, small businesses, parks, and general foot traffic locations where people primarily congregate.

The future of selling

Large companies such as NCR (National Cash Register), Diebold and CoinStar are creating innovative niches within the consumer automated, ATM, DVD, gaming, ticketing kiosk and healthcare market with patient self check-in kiosks. Even Best Buy has vending machines at select airports displaying portable personal digital devices, mp3 players, iPods, etc. Cater to the impulse purchases of a global traveler. These niches have proven to be very profitable and competition is fierce to capture market share.

Conclusion: Is the sale profitable for the child?

The answer is a resounding yes. There will always be a market of ready-to-eat vending machines looking for the products they crave. The vending machine business is a low cost, semi low maintenance franchise that you can get into. The biggest secret to its longevity in sales is its location and marketing.

CoinStar used the best locations to trade by targeting businesses where people shop every day. Getting the best placements is key to driving traffic to your retail franchise and your ability to market yourself effectively. By applying simple online marketing methods, you will be sought out by top target locations to display your selling products.