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Living in a small space certainly has its pros and cons, but one challenge that can be easily avoided is cramping due to large appliances. If you have a smaller home, you need to decide whether you prefer a freestanding or built-in refrigerator. For a lot of people, the built-in option is their preferred choice due to their added space efficiency and storage capabilities. No matter what you choose, beverage refrigerators also come in a variety of shapes and sizes designed to accommodate any home. Its wise to weigh all of your options to figure out which type of refrigerator is the ideal choice for your home.
While the differences between the two types of refrigerators seem pretty clear, they each have their own set of advantages and disadvantages associated with them.
Built-in refrigerators are designed to fit under your existing counter. These can typically replaces old appliances that are taking up space, such as a trash compactor. Whether you use it as your primary or secondary refrigerator, the built-in option is great for freeing up some much-needed space in a smaller home or apartment. If you live in a large home that has a crowded refrigerator, the built-in device is perfect for storing smaller items, in order to free up some space in your main fridge.
Free-standing refrigerators can be set up just about anywhere. They make a great addition to a game room, home bar or man cave, as you can store your drinks right there for easy access. For the same added convenience, the free-standing beverage fridge is also a great addition for parties. The downside is that they take up more space than a built-in. If you have a small living space, then the free-standing fridge may not be the best choice for you. The important thing to take into consideration, is the size and shape of the fridge, and whether or not you can live with it taking up your much needed space.
If you have limited counter space, a built-in unit frees up room for cooking and other appliances, whereas a freestanding unit requires its own area. On the flip side, beverage refrigerators that are built-in eliminate some of your storage space, but keep your counters clear and your home easier to walk around in. There are a few obvious trade offs between the two types, so just remember to think it out and utilize the space by purchasing compact appliances wherever possible.
One of the added benefits of a freestanding refrigerator, is that it can stand alone or on top of a countertop, all you need is an electrical outlet and youre good to go. If you choose to install a freestanding unit under your counter, just know that there is a safety risk associated with doing so. This is because the unit needs the proper amount of venting space, its likely that itll overheat.
If you choose to install a free-standing unit underneath your countertop, try to leave at least two to three inches on each side of the cooler, as well as at the top, if possible. This will help keep the unit from overheating. Another possible downside of converting your fridge for this purpose, is that you run the risk of voiding your warranty by operating it in too small of a space.
Furthermore, you can look for beverage refrigerators that employ special features, such as thermoelectric cooling instead of a compressor. A thermoelectric cooler is a cooling node with a ceramic piece that passes an electrical current. There are also often small fans which help to evenly distribute the cool air throughout the unit.
There are many advantages of having a refrigerator that has this feature. Not only do they work well in small spaces, but they also tend to have a longer life associated with it. This is because there are no moving parts within the unit, unlike the compressor-based refrigerator, so less maintenance is required.
Thermoelectric cooling systems are available for both built-in and freestanding models and are much safer and energy-efficient than their compressor-based predecessor. Depending on how large your living space is, this may be a great alternative for you.
There is a wide variety of beverage refrigerators to choose from. So, heres a quick list of our favorite models to get you started.
Choose whether a freestanding or built-in beverage refrigerator is right for you based upon your current space availability. For small spaces, a built-in unit is a smart choice. Opt for a thermoelectric model to save money and provide your beverages with optimal storage safety. Home beverage refrigerators are functional, beautiful and ideal for storing your favorite beers, sodas and wine.
Motivation of employees
If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Longer Sales Process
A beverage company can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.
High employee turnover
In the beverage company, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.
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High overhead expenses
With starting a beverage company, there are overhead expenses that come with selling a physical product. You will want to make sure you strategically budget for these overhead costs. We discuss this more in the startup costs section below.
You may need to charge sales tax
If you are selling your products in various states, you may be required to charge sales tax. Although this may not impact your financials specifically, it can be a headache to create a process and procedure for this. To learn more about sales tax, check out this article
Churn
In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.
Time commitment
With starting a beverage company, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.
Difficult to build trust with your customer
With starting a beverage company, there can be minimal face-to-face interaction, which means it can be a lot more difficult to establish trust with your customers. You'll need to go the extra mile with your customer to grab their attention and business.
Impatient customers
You may offer an engaging user experience for your customer, but customers expect a lot and may be impatient if they aren't pleased with your product or service.
Learning Curve
When you start your own business, you no longer have upper management to provide you with a playbook for your roles and responsibilities. You should know the ins and outs of every aspect of your business, as every decision will come down to you.
Equipment Breakdowns
Over the years, your equipment can get damaged, break down, and may need repairs which can be expensive. It's important you prepare for these expenses and try to avoid damages/wear & tear as much as possible.
Technical issues can be frustrating
Technical issues are common in this business. If you struggle with the technical side of things, you may want to consider outsourcing this responsibility to save yourself the time and frustration.
More challenging to earn passive income
It can be more of a challenge to make passive income in this business. Often times, the amount of revenue you bring in is limited by the amount of time you have in the day.
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