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Can you distinguish international trade terms?

Can you distinguish international trade terms? In the process of international trade, freight is often a key point, different trade terms freight price is not the same, the risk is not the same. Below is a brief overview of common trade terms, for further information if necessary.   FOB(Free on Board): The seller quotes a price including the cost of delivering goods to the nearest port. The buyer bears all the shipping expenses and is responsible to get the products from that port to its final destination. In simple terms, FOB price means the buyer has to bear the shipping costs completely. This is one of the most used shipping terms by international buyers and sellers. EXW(Ex-Works): The seller has no involvement with the transportation costs and risks. The buyer has to collect the goods from the seller’s site and get them to the final destination. All the costs and risks are borne by the buyer. It is advisable that the buyer purchases insurance since the goods can get damaged in transit. EXW is ideal when the buyer and seller are in the same country or region. CFR(Cost and Freight): The seller pays the loading and freight costs from his premises up to the destination port. Then, the buyer has to arrange for the goods to be transported from the port to his premises. The seller is only responsible for the cost of shipping the products to the destination port. CFR is used for products transported by sea or inland waterways only. The seller does not bear the risk of loss or damage during transit. CIF(Cost, Insurance, and Freight): If the buyer opts for CIF price, the seller pays for the loading and freight costs right from his premises up to the destination port as well as insurance. In the case of damage or loss, the seller bears the risk completely. The buyer has to arrange for transportation of the goods from the port to his premises. CIF is a safer option than CFR since the goods are insured by the seller up to their arrival at the destination port. DAP(Delivered at Place): It was previously known as DDU, Delivery Duty Unpaid. In this case, the seller is responsible for getting the goods from his own In the process of trade, it is inevitable that there will be conflicts and disputes between buyers and sellers, and mastering the knowledge of trade terms can help you avoid stepping on pits and being deceived. Micron vending machine is the top 3 vending machine supplier in China. It has a wide product line and exquisite manufacturing technology. It has been exported to more than 50 countries and regions and is deeply trusted by customers. If you want to know how much it will cost to buy a vending machine from China to your country, welcome to contact the staff to get a quote. If you are interested in vending machines, you can contact us to learn more. Contact Us Email:nate@micronvending.com Whatsapp:+8613826225189 Skype:nate.ye2 Wechat:13826225189 Product Catalogue Micron Smart Vending Www.Micronvending.Com

2022

01/15

What are the opportunities for vending in the new retail era?

What are the opportunities for vending in the new retail era? Traditional vending machines generally use banknotes and coin-operators as payment methods. Apart from the high cost, currency identification and change will also take a lot of time. When there is not enough balance in the cash box, the machine cannot be used. It is because of the high cost and inconvenience of coin-operated that the popularity of vending machines has been limited. New retail brings traditional retail into a new field, represented by vending machines, unmanned supermarkets, and unmanned shelves, laying the foundation for the future development trend of new retail—unmanned retail. Taking vending machines as an example, under the influence of new retail, convenience, intelligence, and humanization have profoundly changed it. The simplest manifestation is that vending machines have broken the traditional currency transaction mode, but can be moved through mobile phone scanning. pay. The application of the mobile payment function on the vending machine truly realizes the convenient service of the vending machine. Vending machines are more positioned as "self-service machines". The advantage of self-service is that there is no manual participation in the consumption process. Consumers complete the purchase, payment and acquisition of goods alone. The entire consumption process is efficient and fast. Connecting mobile payment to vending machines is much less expensive than a banknote coin slot machine. Because mobile payments are cashless transactions, banknote recognition systems are not required. And cashless transactions make merchant equipment and funds more secure. Vending machines use mobile payments, and transaction funds are sent directly to the merchant's account. There is no need to store cash in a vending machine. Outlaws don't target vending machines. Seize the market and be the first to eat apples. Micron vending machine has a professional technical team. Whether it is docking mobile payment or software system, we can meet your needs. If you want to know more, please contact us. (put the connection) If you are interested in vending machines, you can contact us to learn more. Product Catalogue Micron Smart Vending Www.Micronvending.Com

2022

01/15

Will mobile payments be a big driver of economic recovery?

Will mobile payments be a big driver of economic recovery?   With more and more countries ease business management restrictions, the retail industry is using innovative technologies and contactless payment methods such as QR mobile payment and face payment to attract consumers and boost economic recovery. In the past, it is very straightforward to use vending machine. That is, put money into the coin/note slot, press the desired item, get it and then leave. But nowadays, vending machines seems more interesting and advanced as it allows QR mobile payment and even face payment to satisfy consumers' post-epidemic consumption and payment habits. The vending machine with facial recognition feature in Japan is a good example. It was reported that Japan beverage maker is installing facial recognition system in the vending machine and start a three-month trial. Customers could register an account by submitting a photo and linking a credit card. When the machine successfully recognizes the face, it will automatically charge the card with purchase. This allows customer contactless pay and faster to leave. Why can face payment gain popular in a short time? The core reason lies in it can solve the efficiency problem in business and bring excellent shopping experience to customers. Face payment is still mobile payment in nature, but merely equipped with cutting-edge technology.   Customers can automatically register as a member when they first pay with their face. And then, they can receive services such as promotional activities, new product launches, shopping vouchers, gift packages, etc at their phones. In addition, merchants can obtain user consumption information through background data, analyze the consumption behavior and characteristics of members, and then develop more accurate marketing strategies, and improve member value and store efficiency. If you are interested in vending machines, you can contact us to learn more. Product Catalogue Micron Smart Vending Www.Micronvending.Com

2022

01/14

Is it worth buying a used vending machine?

Is it worth buying a used vending machine? Used vending machines have a low investment cost and a quick return on cost, and they have become an investment choice for many people. However, the quality of used vending machines is not guaranteed, and they are more prone to failure than new machines, which is reflected in the following aspects. 1. Screen and button windows: Each time the vending machine conducts a transaction, the screen and button windows are worn differently, and the longer the time, the more prone to failures. 2. Chassis: The chassis is exposed to the outside for a long time, it is not only easy to be hit, but also easy to be weathered, causing many defects in the shell and giving consumers a bad visual impression. 3. Refrigeration system: The life of the compressor is generally 8-10 years. If the compressor is not cleaned and protected, it will cause an increase in power consumption and poor cooling effect.   Therefore, before buying a second-hand vending machine, you should be prepared for it to fail at any time, and you need to conduct a detailed investigation, otherwise the benefits obtained will not be worth your burden. Here are the caveats. 1. Check whether the machinery and equipment are normal, including refrigeration and cargo passages (each cargo passage needs to be tested for normal rotation and transportation). 2. Understand whether the back-end system functions of the second-hand vending machine are complete, whether the operation is convenient, and whether the back-end requires service fees. 3. Get to know the manufacturer of the second-hand vending machine. If you have any after-sales questions, you can contact the manufacturer's after-sales service hotline for consultation. 4. Know the service life and warranty period of the device, if it is not used for a long time, you can still choose it. If it is used for a long time, the service life of the machine will not be very long, and the maintenance cost of the machine will be higher. 5. Also have to figure out the vending machine. If you want to buy a new vending machine, you can contact us to learn more. Product Catalogue Micron Smart Vending Www.Micronvending.Com

2022

01/14

If you are a frozen food/meat product distributor, this article you can not missed!

Thinking about how to increase sales? But worry about the increasing labor cost and shop running cost? How about a unattended retail solution for your frozen product?   Smart freezer vending machine, frozen food unmmaned retail, self-service best option! Frozen product is a big part of people's daily consumption, but we seldom see any Freezing vending machine. The marjor reason is freezing vending machine is not availalbe or it is way too expensive. Now you have another option: Micron Smart fridge/freezer vending machine. The freezer able to reach -18℃, suitable to sell ice cream, frozen meat and other frozen product! And this smart freezer is with a much lower price compare to other freezing vending machine. Shopping flow is very easy, just grab and go. And the machine is compact, suitable to put in shopping mall, recidencial area. The other advantadge of Micron Smart Freezer vending machine is that, it support to sell by KG also. So for Ice cream, you can set price per pec. (for example: $2 for one Ice cream.) For Frozen meat, you can set price per KG. (for example: $2 per KG for frozen beef.) Already many distributors start to enter into frozen food vending and get good respond. Are you interested in selling Ice cream and frozen meat from our vending machine? Micron Smart Freezer is your best choice. If you are interested in vending machines, you can contact us to learn more. Product Catalogue Micron Smart Vending Www.Micronvending.Com

2022

01/13

Vending machines need to know these points if they want to make a profit

Vending machines need to know these points if they want to make a profit   1. Shop rent Store rent is a relatively high investment cost in vending machines. If the store rent is high, the profit of the vending machine will also be greatly affected. If you encounter bad site selection again, you will face even greater losses. Generally speaking, the rent of beverage and food vending machines should not be too high. 2. Product positioning The products sold by vending machines are the main core. Low-end products may affect the desire to buy. The vending machine store is not an online store and cannot be moved at will. If the word of mouth is broken, it is impossible to do it. Although beverages and snacks do not have product positioning problems, the shelf life of products requires more attention. Many beverage vending machine sellers have a long time period for replenishment and replacement because of poor business.   3. The reason for the vending machine itself There are more and more vending machines, and there are many types of vending machines produced by manufacturers. Of various types, it is most important to choose a vending machine that is suitable for the products you sell. Vending machines can not sell all kinds of goods, such as beverages and snacks. Vending machines have more options. If you sell fruits and vegetables, only a few types of vending machines are suitable. So choosing a product is very important. 4. Peer competition If the vending machine does not have a special advantage in the competition of its peers, it means that there are more wolves and less meat. So do not compete with your peers in the vending machine business. The scope of the city is getting bigger, you can put vending machines in a position where there is no competition from your peers, otherwise it is hard to say whether you will lose money or not. 5. Operational data analysis Now is the era of big data, and data is the most expensive. Although the scale of vending machines is generally not large, the vending machines operate well and can be operated in a chain. If you don’t analyze the operation data, you will only lose money. If you do more product data analysis, you will not lose money if the sales increase. If you are interested in vending machines, you can contact us to learn more. Product Catalogue Micron Smart Vending Www.Micronvending.Com

2022

01/12

Precautions for placing outdoor vending machines

With the development of new retail and the continuous improvement of people's demands for quality of life, unmanned automation equipment is increasingly appearing in various places. Various vending machines can be seen in many outdoor places such as squares, streets with high traffic flow, parks, tourist lecture points and so on. So what should we pay attention to when placing vending machines outdoors? Here, Micron makes the following summary and shares it with you.   1. When launching, it is very important to choose the placement location, and it cannot be ignored when choosing the ground. On the ground where it is placed, if the ground is firm and safe, there are four support points at the bottom of the vending machine, what we call four feet. They also have certain requirements on the ground. If the land is relatively soft, it may cause the vending machine to tilt or overturn and other situations, resulting in accidents. Therefore, a firm and more reliable ground is required, preferably a concrete ground or a stone ground. If our vending machine has a special anti-sinking pier, it would be better. The ground is flat. Although the bottom corners of the vending machine can be adjusted automatically, the height of the ground exceeds the adjustment of the vending machine's feet. This will also affect the normal use of the vending machine. In addition, the position of the machine should be higher than the ground, in case of heavy rain outside, too much rainwater seeps into the vending machine and affects the normal use of the vending machine. 2. The top of the vending machine should have a rain-proof ceiling. Outdoors, it is difficult to avoid wind and rain, especially direct showers will have a great impact on the overall service life of the machine. In particular, the touch screen and cash module are high-precision equipment components, and rain will affect their normal work. Outdoor suspended ceilings can be customized by local companies according to specific conditions. There aren't many requirements for this. It can be sturdy and rainproof enough. 3. There is a good grounding power supply. The vending machine uses a household triangular plug power supply, and the vending machine is a highly complex mechanical device that generates static electricity and induced current during operation. 4. Good public security environment. This is an indispensable consideration in the placement of outdoor vending machines. If the local outdoor security is poor, and there are often people destroying equipment, you must pay attention. The monitor can be mounted on the front of the machine at a 45 degree angle as a warning. The above are the delivery methods and skills of outdoor vending machines shared by Micron, hoping to help you. However, with the rapid development of society now, the extension of new retail does have a good development prospect for vending machines. It is believed that in the near future, new retail will cover the entire market. If you are interested in vending machines, you can contact us to learn more. Product Catalogue Micron Smart Vending Www.Micronvending.Com

2022

01/12

Smart fridge vending machines are precisely placed to make money!

With the continuous improvement of science and technology, intelligent equipment has been involved in every corner of our lives. Of course, unmanned vending machines are a typical representative. Especially after the epidemic, unmanned vending machines are very common in the market. There are many types of unmanned vending machines. There are also different types of unmanned vending machines in different locations. Most of the unmanned smart fridge vending machines are placed in communities and communities, especially those with better economy and better economy. It can be seen in places with a lot of traffic. So, how should unmanned smart fridge vending machines be put on the market?     1. Target market segmentation. On-the-spot investigation into the regional consumer market, age structure of consumer groups, consumption level, consumption ability, composition of mainstream consumer products, etc. Do specific market, specific problem analysis. 2. Commodity structure subdivision. Smart fridge vending machines launch corresponding mainstream products for different target markets, such as best-selling high-profit products, best-selling low-profit products, non-moving high-profit products, long-term and short-term products, all of which should be considered in the product structure. To achieve specific markets, specific operations. 3. Segmentation of online activities. Develop online activities for each target market. For example, students can get discounts on purchases, and middle-aged people can get discounts on daily necessities. All activities are staged, guided and driven. 4. Other revenue breakdown. In each target market where each vending machine is placed, resources are integrated for advertising revenue. Integrate different manufacturers who need to advertise in different markets, so as to benefit more.     In short, the launch of smart fridge vending machines has brought great convenience to our lives and made our shopping more convenient and fast, especially now that many young people are systematically shopping through smart fridge vending machines, which can save a lot of time. Micron smart fridge vending machines have been sold on the market for many years, and have been liked by many businesses and users. You can learn more about them!   If you are interested in vending machines, you can contact us to learn more. Product Catalogue Micron Smart Vending Www.Micronvending.Com

2022

01/11

What are the investment costs and profits of vending machines?

  We all know that in recent years, with the rise of new retail, more and more vending machines have appeared in various places such as streets, schools, hospitals, stations and so on. The investment profit of vending machine has always been a problem that everyone is more concerned about, and the profit of vending machine is also determined by a variety of factors. Like offline physical stores, as a kind of retail terminal, vending machines have relatively high requirements for the operation place. As long as the place is good enough, the profit of vending machines will show good profit data. The better locations are schools, factories, hospitals, stations, tourist attractions, etc. These places either have a very high density of effective customer groups or have a particularly large flow of people. Let’s focus on the profit of the vending machine market first. 1. Convenient and fast On campus, traditional retail methods such as supermarkets, canteens, and newspaper stops cannot fully meet the needs of students, and it is difficult for them to be open 24 hours a day. And vending machines can be left unattended and can operate 24 hours a day, all year round, which is not only convenient, but also greatly reduces labor costs and store rents. The location of vending machines is also more flexible. For example, in the library hall of the teaching building, downstairs in the dormitory, next to the playground, and at the entrance of the restaurant, it is very suitable to place various vending machines in scenes that are in demand but not suitable for opening a store. 2. Support a variety of payment methods In addition to cash, the current vending machines can also customize a variety of payment methods such as student meal card swipe card, WeChat Alipay mobile phone scan code payment, face swipe payment, etc. The payment methods are more convenient and novel, and students also like to try new things. Elementary schools, secondary schools and colleges can choose a combination of the above payment methods according to the attributes of the students. 3. High repurchase rate and quick return on capital As for the profit of vending machines, it is certainly not convincing to say that it is high. Students prefer fast-moving consumer goods such as various snacks, beverages, dairy products, etc. Although the profit of a single product is not very high, the sales volume is large, and the more sales are sold quickly, the overall profit is still very good. A school is an ideal place to operate a vending machine, which usually pays off quickly, followed by pure profit, which is well known in the industry. Artificial intelligence-based self-service that relies on big data and cloud backend technology is a development trend in all walks of life, as is the new retail industry. Now vending machines are gradually replacing a considerable part of traditional stores, and there is still a large market vacancy for vending machines. Yes, the prospects are very good. If you are interested in vending machines, you can contact us to learn more. Product Catalogue Micron Smart Vending Www.Micronvending.Com

2022

01/11

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