According to the National Ice Association, over 5 billion ice bags are sold yearly in the United States. That’s a lot of ice! And if you’re not making your own ice and selling it, you’re losing easy revenue. How can convenience stores realize a fast payback on America’s love of ice? As a convenience store owner, one of the most important things you can do to increase profits is to make sure that you are always well-stocked with the products that your customers want. One of the most popular items customers buy at convenience stores is bagged ice, and if you’re not taking advantage of this opportunity, you’re missing out on a lot of potential profits. When compared to the cost of purchasing bagged ice from a third-party vendor of about $1 per bag, businesses can bring in an estimated profit of $25,000 over purchasing pre-packaged ice. 

Another way to increase profits with bagged ice is to offer different sizes and prices. Not all customers want the same size of bag of ice, so by offering a variety of sizes, you can appeal to a wider range of customers. Additionally, by offering different prices for different sizes of bags of ice, you can also appeal to customers with different budgets.

Finally, you can also increase profits by promoting your bagged ice. By creating special deals and promotions, you can entice customers to come into your store to buy ice. For example, you could offer a discount on the price of a bag of ice if a customer buys a certain amount of other items. Additionally, you could also offer a free bag of ice with the purchase of a certain item, such as a cooler or a bag of charcoal.

In conclusion, packaging your convenience store’s bagged ice keeps stock on hand and saves money. The key is to offer different sizes and prices and promote your ice with deals and promotions. By taking these steps, you can increase profits and ensure that your customers always have access to fresh, high-quality ice when they need it.