Can I Get Change?

"Many street vendors have a strict no change policy."

Can I Get Change?

Set up near parking meters a bus stop,or ATM location.That question is asked daily. Many street vendors have a strict no change policy.Is that wise? What are the pros and cons associated with giving out change.

Increased business activity creates the perception that you are the preferred cart.In high competition areas that will draw additional customers. Of coarse local circumstances could dictate,that you do otherwise. But in our estimation giving change ultimately increases business.

Giving change Cons...

• Vendor becomes responsible for handling additional cash,beyond what is required for normal business.
• Risk of not having enough change,or receiving counterfeit money.

Giving change Pros...

• Distinguishes you from competition.
• Promotes a positive business image
• Creates word of mouth advertising, recipients relate service and convenience.
• Increased business activity, recipients often make a purchase or give a tip.