Tip 25
Adding new products can make some distributors nervous. This
is more common among newer distributors, but some veterans still
hesitate to try something new. Well, get over it! Our society
is not frozen; it’s constantly changing and while your menu
may have performed like gangbusters a year or two ago, things
have changed and you may be cheating yourself out of profits by
staying with the “tried-and-true”.
A recent survey by Technomic, Inc., a research firm based in
Chicago, found that recent consumers have changed more than in
previous years. Their lives are more complex—just check
your own work and stress level and you’ll understand!
Consequently, consumers have been changing some of the old tried-and-true
definitions. First of all, consumers are demanding value—better
quality at a fair price. While this might seem to be old news,
what is noteworthy is a strong return to brand names. There seems
to be less “locally produced” loyalty, and more devotion
to the supermarket standards. It’s a very good thing for
us all that most supermarket snack manufacturers have designed
vending sizes!
This swing back to brand names may also reflect a nostalgic trend.
Psychologists have long known the relationship between stress
and a desire to return to simpler times. Unfortunately, we can’t
go back to those simpler times, but we can recall those times
with snacks and beverages from the past. This goes a long way
toward explaining the huge success of traditional snack items
like Kellogg’s Rice Krispie Treats—they’re “just
like Mom used to bake”.
Snack manufacturers in the past few years have finally gotten
taste into low-fat and non-fat items. There was a huge marketing
push to emphasize the improved taste of healthy foods; it was
successful and now folks don’t have to sacrifice taste or
be embarrassed about eating a low-fat or “light” item.
Oddly enough, there was a marked swing towards self-indulgence
last year. It’s not known whether consumers decided they
needed a treat after a stressful morning, or whether they just
said, “Ah, what the heck!” about their waistlines.
A prime example of this trend is the new product from Act II Microwave
Popcorn: “Extreme Butter”. Extreme calories, sure—but
it’s selling fantastically well.
Consumers have also redefined their concept of “healthy”
eating. For many years it meant low calories, low (or zero) fat,
and low (or zero) cholesterol. Now, “healthy” means
that an item is organic or natural, and has more vitamins. More
than ever before, freshness is of prime importance.
So how to play the vending game when the consumer keeps changing
the rules? Here are some new rules
• Focus on providing fresh major brand name products.
• If your snack machines lean toward low-fat/non-fat and
“light” items, try adding a row or two of self-indulgent,
highly caloric goodies.
• Try some items from your wholesaler that have “organic”
or “natural” prominently displayed on the package.
• Try products you remember from your youth, such as Rice
Krispie Treats, Mallomars, Oreos, etc. Take advantage of the current
nostalgia trend—the wish for a “return to happier
times.”
• Every so often, be adventurous—go off the deep
end. Try putting Gummies in an executive lounge, for example.
Just don’t buy a palette load to begin with. Experiment;
keep them wondering what new goodie you’ve added, and you’ll
keep them coming to your machine!