The beauty of a Byte fridge's digitally-displayed pricing (as opposed to physical price tags) is that you have the ability to update product pricing and push out discounts in real time. Discounts unlock a wide range of possibility as to how you use the Byte Technology platform.
The promise of the Byte Technology platform is compelling - an easy, low cost way to sell food anytime and anywhere. To get started, the most important step is to find your first location. In the 6+ years of operating this business, we've seen a myriad of locations perform exceptionally well for our clients. Locations can include apartment buildings, workplaces, warehouses, hotels, airports, community centers, hospitals or health clinics, universities, or anywhere else you can imagine someone wanting a quick bite to eat.
Whether you're looking to create a product set from scratch or simply round out the existing set you have, your local wholesale club can be a fantastic resource. Join Byte Technology founder Lee Mokri on a quick trip to Costco. He'll demonstrate just how easy it is to stock an entire Byte fridge using products found at Costco, what products to look for, and how to think about gross margin.
Because you are buying in bulk, wholesale clubs like Costco or Sam's Club are great resources for an affordable array of drinks, snacks, and even fresh prepared meals. In one thirty minute shopping trip, Lee shows how he's able to fully stock a Byte kiosk with $300 of food that should retail at a total of nearly $750.
In this webinar we break down just how easy it is to get started building a business with Byte Technology. We cover the following topics:
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Single use plastic has been a heated topic as of late. When you look at the shifting consumer demand for more convenient food, the topic becomes even more important. How do you begin to deliver on convenience without leveraging packaging that sets us back as opposed to propels us forward? We sit down with Simply Good Jars to see how they did just that.
The Restaurant Business is Tough. Here are a Few Tips to Simplify Things