2-Day Workweek Earns $700K - Vending Machine Business
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- Опубликовано: 17 май 2024
- Adam Hill started his vending business, Hill Vending, because he wanted to break away from his 9-to-5. Eight years later, he has 100 machines that make a combined $50,000 or more in gross sales each month. He shares how he built a profitable vending business in this interview.
Learn step-by-step how to start your own vending business with Adam: hubs.li/Q01L50w40
One of the great things about the vending business is its low barrier to entry. Adam didn’t have any experience before he started, and you don’t need a ton of money to get into the business, either.
In Adam’s case, he had the financial resources to buy an entire route, but there are other, lower-cost options for entrepreneurs with smaller budgets. He’ll talk through the startup costs for a new vending business, along with his strategies for evaluating and acquiring vending locations with high revenue potential.
When Adam started out, he was a solo entrepreneur. He’s added people to his team as his business grew, allowing him to get off the truck and spend more time on sales and managing his company. We’ll find out when he knew it was time to grow his team, as well as the systems he used as a solo operator to manage his workflow and ensure all of his machines were serviced efficiently.
Getting the right machines is the first step to starting a successful vending business, and Adam will explain the types and brands of machines he prefers and why. He’ll also talk about where he gets the snacks and drinks he stocks in them and how he chooses the right items to ensure consistent sales. If you’ve ever wondered how to start a vending business, or how much you can make doing it, you’ll get the answers to your questions in this video!
Resources
hubs.li/Q01L50w40 - Course by Adam Hill
www.upflip.com/academy - Start, Build & Grow Your Business
www.upflip.com/blog/how-to-st... - More advice on how to start a vending business on the UpFlip blog
www.upflip.com/equipment-list... Premier Equipment List
Timestamps:
00:00 - START
00:42 - Introduction to Adam
02:01 - Warehouse tour
02:53 - Revenue and profit margins
03:21 - Building a team
04:26 - Common mistakes
05:41 - Machines and locations
06:19 - Growth strategies for small vending businesses
07:46 - Vending bootcamp
08:55 - Supplies and inventory
09:58 - Early lessons learned
10:29 - Machine repair and maintenance
11:05 - Buying routes
12:02 - Controlling costs
12:39 - Where to find routes
13:50 - Choosing locations
14:45 - Best machines
16:17 - Identifying viable locations
18:20 - Fan Blitz
20:33 - Securing accounts
21:58 - Financing options
23:23 - Pricing strategy
25:08 - Sales kit overview
25:36 - Machine brands
26:13 - What customers want
27:44 - Credit card readers
28:47 - Servicing machines
29:37 - Choosing inventory to stock
30:32 - Top advice for new vending owners
31:12 - Outro
#vendingmachinebusiness #vendingmachine #howtostartavendingmachinebusiness
Learn step-by-step how to start your own vending business with Adam: hubs.li/Q01L50w40
Is there any chance for a video on a trash bin and dumpster cleaning services.
Ask me how I made 7 million a year taking massive dumps at warehouse facilities then coming back in 1 hour as a janitorial business and pressuring them to a monthly subscription
@@JTL17761
Since covid hit a lot of people are using online shopping app's that deliver instead of going to store's themselves depending on on the discount you get from using online shopping apps. You could save a lot of money if I was going to start vending machine business would start with five vending machine's two soda machine's an three snack machine's and place them in high or mid foot traffic
How much money do you have to pay the landlord for putting the machine there?
I had 120 soda and snack locations in the 80’s. The biggest issue, other than employees, is the low barrier to entry. The best locations see the money coming out of the machines and decide to put their own machine in.
Thanks for sharing your experience! How did you make it work back then? ☺️
This is exactly why I think its a bad idea. If I had a business id put my own machine In.
@@pbufh and keep it stocked, too? And what happens if it breaks? Spend a few hours on researching how to fix it, ordering parts, a few more taking it apart...
If companies bought their own vending machines, they'd have to source their own snacks, right?
Otherwise, wouldn't it cost more to buy snacks for your vending machines?
How much do you pay the company that allows you to put the vending machine in?
Bought Adam’s Course a year ago and it did nothing but made me grow into a very profitable living for my family and I. The dude is honest and very intelligent
Thanks for sharing your experience regarding his course! Any tips you'd like to share with the community? ☺️
hi adam how much for the course brother ?
@@LeaveMeAloneBleez $797
Prove it? ...
@@LeaveMeAloneBleez Be careful!
The vending market is extremely saturated and very few people will have this guy’s success.
I was thinking this, too. Also, the average US citizen is 100k in debt. "Asking family for money" I don't think is usually a good idea to start a vending machine business, unless they also have that dream in mind. Which it wouldn't really be you just going to them and asking for money.
Also, I can imagine buying one of those things for 3.5k and having difficulty reselling if the business flops. He made it sound as if reselling it would mean you can basically have no loss if the business goes under.
I call bullshit. He lucked up and makes it sound like a piece of cake that anyone can do.
Sure another get rich bs
Damn yall are negative, if you have enough hassle you can definitely run a successful buisness maybe not on this level but it's definitely achievable
The only barrier is location otherwise it can't fail as long as you hustle
Bigger with low profit margin still pays a lot for one guy... the bigger access and economy of scaling up eats the competition.
This guy is legit, humble, no ego, and sharing his business tips with the rest of us.
I’ve been a route driver for a vending company for 2 years now I love the business I love working and fixing the machines it’s my passion
Maybe time to start your own?
That's awesome! Do you own any machines as of now?
How do you become a route driver?
That's amazing. Glad you found that.
Good for u.
Definitely the best video so far doing my research no negative or deterring information honest informational and inspiring 🤙🏽
I had one buddy that made like 1500 a month off a machine in a small village like town with only a dollar general there. He would tape a 5 dollar bill to a few cans in the machine that said winner on the can. It worked pretty good
What a neat idea
But I thought cans just came out one by one?? It's not like it's a grab what you can with claw
That's cool!
i freaking love that
@@sellbydateyeah but people will still be inclined to spend another $2 to get another can of coke, get their money back, and an extra $5. Pretty good idea.
This is gold. Keep them coming 👏👏
He seems like a very transparent Down to earth man❤thanks for this
I bought a combo vending machine a few years back before Covid I haven’t done anything with the machine. Thank you for this video I will try my best to start my vending business!
How’s it going?
Love the in depth info
Thanks so much for sharing. I've been seriously thinking about the vending business.
This was an incredibly detailed video! Great job!
Thank you! Hope you learned a thing of two from Adam! 🙌
Great job. I appreciate how informative and professional things were produced. Thank you
We hope you learned a lot from this video. What are your takeaways?
my name is Joshua Jesse Owner & operator of A power washing company I.E AGUA-WASH & your channel changed the trajectory of my life!Specifically the video on Northwest Soft-wash, i will within the next few years be featured on this channel!Thank You!
We can't wait to feature you on our channel. Best of luck! 👊
This was very informative, thank you I will be taking the course!!!
I’m in NJ too and have 20machines and 15 locations. Maybe I can help you
This was so incredibly informational and it was free! I can't imagine how much info is in the boot camp.
Couldn't agree more! We hope you can give it a check if you have the time ☺️
I'm new to all this, feels overwhelming but I won't give up on
learning this. Thanks for you clear explanation from the very
beginning!🇬🇧
If it was as easy as buying a vending machine and putting it in a shop everyone would be millionaires
You're welcome! Learning something new can definitely feel overwhelming, but it's great to hear that you're not giving up. Keep it up @Paul mark!
@@travisbickle0526 so true
Anything ever come out of it for you?
@@travisbickle0526 you said it
Great episode and Lots of great information/value here 💯💯💯
Glad you love this video! Your appreciation means a lot to us and motivates us to continue producing content like this. Do you have a business topic you want to see next on the channel? 🤔
Awesome video, great opportunity to grow. Love helping business grow their revenue trough private funding!!!
This dude is brilliant and loves what he does… 🔥 episode
Plus the money ain't too bad lol
Thanks for the super informative video!! I was really inspired when I went to Japan and saw lots of awesome vending machines with things like hot coffee, full meals, etc. I'm hoping to bring that part of the culture to North America.
Good luck on your endeavors!
I own 22 vending machines and i have them on heavy foot traffic manufacturing warehouses the cheaper the product the more u sell
Every other day i have ti fill up ..more work more dinero🤑
Three big issues I had with my vending business. 1. You better be mechanically inclined if you want to own vending machines. They constantly breakdown. 2. This is an ultra competitive market, it is very difficult to get established into money making vending locations.
3. Feeding people junk and contributing to America’s obesity problem for profit. I just couldn’t morally do it anymore.
Be careful people, I have lost a lot of money in the vending business
Not being sarcastic just asking you what does it mean to be mechanically inclined? Like servicing the machines?
in this video adam say it thats why its importan you chose your machine, dont just buy them cheap, you will lost money because need to service it more,
if you want to be reach - you must to be btch.. It’s some song was about ..
Lol
I want the vending machines from
Japan. The one I can get warm coffee, cold coffee,
this is absolutely amazing
Location is essential,.my vending machine only yield $10 sales per day 😅
I love this channel you guys drop some good knowledge for people.
Thanks for watching and supporting our channel! Did you learn a lot from this video? ☺️
Good job. He decided to put his fate in his own hands and it paid off. Like to see this.
Couldn't agree more! Hope this sparked inspiration. ☺️
This buisness owner just takes the time to tell everyone how they can do it them selves shows how he is a kind dude. And the dude ask good questions.
Great content. Very informative except no one talked abt taxes . Do u have to register a firm for it?
Get 5 million people to watch your vending machine video on RUclips, that's how you make 700k per year.
700k is such a fake ass number that's thrown out there to get people to buy his magic course. I manage over 200 machines over his 100 and gross 700-800k a year. If he's doing 700 on just 100 he's managed to get the best locations and has no duds and that's just not reality in the vending world. Each machine has to make $300 in sales a month which at the median is at least 150 individual sales a month (were talking major factories or production manufacture accounts that get those numbers. Now that's very doable for good accounts but not all accounts. To put things in perspective I fill anywhere from 30-40 machines daily 5 times a week. Thats alot of time and I also put on over 100 miles a day in a box truck that gets 7 miles a gallon of gas. Thats a big expense to consider.
Good interview questions. Engaging and informative.
Loved the video! However I was kinda taken aback by audio, hearing a lot of phase problems! Maybe look into it so next one will be even better!!
Because of RUclips and TikTok, vending has become far too saturated as of late. As someone who operates 100 machines as well as a few micro markets, I can tell you that this is a terrible side hustle right now. However, if you're willing to blow past what 99% of people will do, 1 machine here or there at some random apartment complex, and really push through that initial failure, you will see that it is a great career that gives you a ton of flexibility for the income it provides.
That's so cool that you have so many machines @schultz22657 ! Did you learn anything from the video to take your business to the next level?
Awesome episode 👍
Thank you for the kind words ;)
I've been waiting for your videos man. Been too long 😢
HAHA we're thrilled to hear that people are eagerly anticipating our videos ;)
Best explanation I've heard to differentiate the two. Thanks.
Glad it was helpful!
Great video with useful knowledge thank you!
Glad it was helpful! Were you inspired to start your own vending business? ☺️
In a lot of larger factories that are union controlled you can plan on giving them a big cut of your profit.
This is inspirational and motivating.. thanks for this🙏🏿
Glad it was helpful! Were you inspired to start your own vending business? ☺️
@UpFlip I've shared this video with all the people in my circle and we've been brainstorming and coming up with a plan of action for the last 9 hours. This is the most informative and useful video in all of RUclipsdom, not a single wasted minute. God bless you and Hill Vending for sharing!🙏🏿🙏🏿👑👑
@@CB-jz7bo thats what we like to hear ;)
He's back! Finally!
Yes, he is!!
I work for a very large corporation whose footprint is from Massachusetts to virginia. They have 1 vending company. There are times where there are 5 spots empty in 1 machine. It takes them anywhere from 1-2 weeks to replenish. Machines appear to be cellular. It's like they just don't care because they have a lock on the corporation
Sounds like a ripe time for another company to bid. I can already hear the opening line... "I noticed you have 5 empty slots! How long have they been empty?" 😂
all machines are cellular for credit. unless the company wants to pay for cables to be run to the machines that's on them this is also not safe for customers as its easier to get the credit card info which is why we use cellular. sounds like you have a shitty vending driver that isn't servicing the machine when they need to. Should be serviced once a week on the same day and if there's still 5 empty slots, they either need to double up product and remove the slow-moving product or they need to make it a twice a week stop. Also, if your corporation is that large, they are 100% getting a commission on the sales which is why the vending company is locked in a contract with them. Likely have a contract of 5 or more years that can't be breached. Also, you got to understand most drivers are payed over 25 and hour to service these machines if they have to drive out of the way to service 1 machine that has 5 slots empty it might not be worth it. There's a lot of cost factors that go into when a machine is serviced. This guy is showing machines that are freshly filled. He 100% has machines with empty slots any given day of the week that's just natural. But it shouldn't be empty for more than a week as every machine that sells out a few columns should be serviced at least once a week on a schedule.
Okay, I’ve seen a lot of your videos and this one is the one where I’m going to take action. I really enjoyed every part of this video. It left me wanting more information. With that being said you guys seem like very honest people and I hope this boot camp is really worth it and i don’t feel like I just handed you guys money for nothing. I’m going to purchase the boot camp tomorrow.
We are humbled to know that our videos can make an impact! We hope you take these lessons to heart and apply them for success. Cheers to your success, and see you at the boot camp! 🔥
I am on the same path, How was the bootcamp? Did your business grow from the bootcamp?
Locations can be hard to find and you will need to restock the machine constantly. you also need a mechanic on call if something goes wrong. Its not an easy business.
Digital marketing is much easier but they are very different paths and we are different people. Some people are killing it with vending.
Let me know how its GOING !
Lies again? Design Technology USD SGD
I actually thought about getting onto the vending business, but on a different level.
Nice one UpFlip, keep up the good work.
Glad it was helpful! Were you inspired to start your own vending business? ☺️
@@UpFlip No, but I got some lessons for my business.
Great video thanks for the insight
Glad it was helpful! Hope it inspired you to start your own business ☺️
Awesome video, it helps a lot ❤❤
How come the location's owners don't want a cut in the profits?
Where do you get your power for those machines?
I'm using this video for my business class in conjunction with spreadsheets like the one at 4:13 !
he seems like such a nice guy that’s just trying to help people and support his family
Absolutely! 💪
Hi, I'm from europe and yesterday I started wondering about placing machine's in my area. I find it hillarious that you uploaded this video yesterday! I mainly thought about starting a vending machine "shop" where people could come 24/7 to grab a snack, however placing them inside other companies seems like it might be a better idea. One thing I didn't hear you guys speak about is whether you actually pay or get paid by the customers to keep these machines in their companies? I assumed the customers would want some of the profit but hopefully I'm wrong!
I should've read the comments first since my question is allready answered!
Thanks for watching this video and reading the comments! We hope your question is fully answered. If you need to know more, let us know! ☺️
I have the same question. What is the answer?
@@tommyls4357 I didnt find it either (
This is the video I was waiting for
Did you enjoy the video? Thanks for watching! ☺️
I just turned 17 I’m in high school I live in South Africa here there’s not so many vending machines in the country so I’m thinking on taking the vending machine business to South Africa.🇿🇦
Why not? You could be successful with that! 👊
Be careful though, some assholes will break the glass to get free food.
There's no vending machines because you already know why. The profit loss would be exponential.
There's no power in South Africa
Interesting to note that the new cutting-edge, credit-card reading machines cost 10 times what an older-generation machine costs. HUGE capital outlay to get into the vending machine game. I assume that most locations already have vending machines. I would be concerned about broken-down machines; it is good to know that there are sub-assemblies that can be pulled out and replaced.
And guess what, the majority of the times the think that it is not working is the stupid Nayax card reader, the majority of the complains that I received is that the Nayax card reader it's not working and in Australia is the only company
that´s supplied this service.
You buy a 700/100€ old one then intregated with a slot comp for sum up card payments (?)
I'm starting to be very intrigued in this whole side of business, so i'm gonna take action & start on the light side with gumball machines. I live in a good area, around a mall, high school/middle school & a couple salons. i will keep myself on low expectations as that can make or break you in business
Did you do it?
Great video bro thanks
Glad it was helpful! Were you inspired to start your own vending business? ☺️
Would love to know more about the exploration date of this food? That's gonna go bad. Also the electric bill for things that have to be kept cold, Et cetera
Extremely interesting.. thanks
Are you a business owner yourself, or are you looking to start one? Please feel free to browse through our videos for more inspiration and value. ☺️
Should you get a LLC and a business account ?
Pro tip : whenever you see stuff like this, do not get into it. 1.9mil views - suddenly everyone is trying to get into it - aka saturated market.
This is very good info for this type of business therefore thank you for posting said info...............
Great information thanks
Delighted it was useful! Are you considering embarking on your own vending adventure? 😄
Hiii...
Thanks for your reply and consideration.
I want to ask .. Can you suggest me any locations.. and should i approach managers of location via email or in person?
Should i sign any contract with the location managers? Thank you
Hey adam heal thanks for this great video is very informative information in this video here. But I wanted To know have you or anybody that watched this Video Have any experience with smart cooler vending machines, And if so what can you tell me about them?
Where do you guys recommend for buying the vending machines??
Thats amazing great job guy s
id also love to know the yearly revenue on the route you bought , and where you have scaled to since. Buying out a business is far different then doing a ground up operation
very informative I really enjoy this video
Good vid....subbed
Appreciate it! Any business you'd like to see next on the channel?
are these leases w the companies at these spaces ? if u go to a manufacturing plant are u caught them a percentage of sales? leasing the sq ft of that space ur taking up ? if ur using electrical to plug a unit in etc
People, if you are afraid of hearing no. This isn’t for you. This is Sales, relationships and accountability. Sales but at the Owner level.
Absolutely right! Were you inspired to start your own vending business? ☺️
Awesome Video
I have a vending machine too. Just started last week..
Adam really came through on this!
Agreed! We hope you enjoyed the video - thank you for watching! ☺️
Family FAMILY FAMILY! all this would not be possible without Family, that's the most important part! I commend you and I thank you for sharing your experience and wisdom!
That's true. Family is everything 🙏
Dom Toretto be like
Companies like Canteen run multiple routes with full staff people. All their routes are multi million dollars too so that claim that "nobody else is running my numbers" is false.
Be strong in sales if your gonna get into vending it's fiercely competitive
Fortunately for us, Adam shares his tips on how to stand out from the competition. ☺️
Depending on where you live you may also have to worry about your machines being sabotaged by corrupt competitors. Even be prepared to be threatened with physical violence via phone and/or email, etc. It happened to an ex co-worker of mine. He told me all sorts of stories about that shit. That's one reason he no longer was doing the vending machine thing and he worked where I was at.
How much do businesses charge you to put your machine at their location?
You have to restock, give the card reader a small percentage, maintenance, good location, get a store to say yes, then when they see you collecting all this money, theyre gonna kick your ass out and put their own machine in, there are a million drawbacks to this
Do the vending machines handle different types of Currency? What is the process for that. Thank you for the great video.
No. Just stick to the local currency,
Would love to find out what the average split is with the location owner. Was one of the main items that was not addressed in this video but super important to start the business model. Will probably be addressed in the course but still would be handy to run some really crude numbers
Thanks for your comment @kevinvanwulpen9598 ! A lot of these questions are answered in the course here: www.upflip.com/courses
@@UpFlip trying hard to sell, need to see more community action here.
@@Neceros its free bruv
That’s the information I’m trying to find out
Cogitative👍
Hello UpFlip, quick question please. Is there a vending machine on the market that can be connected to the office computer so you can monitor your daily sales, like how many soda cans or bottles you sold that particular day? Great video, thanks.
You asked a brilliant question! There is definitely a system for that. In our free course, Adam reveals his secrets on how he keeps track of his sales and inventory. Don’t miss it!
Bro - your one in a million that can profit - as you advertise
Didn't we just watched the boot camp. Awesome video
This is awesome!!!
Thank you for taking the time to watch our video. We hope you found it enjoyable!
Good luck . Everyone already has one and most of these places own their machines. You would be lucky to get any spots. Every place has been asked a million times to put a machine in. Maybe you could buy someone route.
Adam explained how he got good spots, but he shared more in-depth methods on our course with him ☺️
@@UpFlip yeah ok
He stated the 50-30-20 rule. If 30% is going to wages, then $50,000 x 12 months x 0.3 = $180,000. Is that split 3 ways? So $60,000 each? $60,000 is not terrible, but I would have thought it would have been better unless this is a side hustle and you have other income streams. Do you make enough for this to be your full time?
This is 🧢 Their business is selling courses, and likely the machines. Be real, how often do you see a vending machine? How often do you use one? How many sales do you need to make 700k PROFIT, not turnover, on items you make 10s of cents on? Even a dollar profit at 50% margin is 1.4 million sales before tax
This is awesome! Where do you source buying your products??
Sam's Club! ☺️
Do you have to pay the business a % of sales?
Do company's charge a fee to have machines on their property? or request a percentage?
Amazing work upflip
Thank you for watching and engaging with the content! Any business you want to see next? ☺️
valuable information
Glad it was helpful! Were you inspired to start your own vending business? ☺️
I can confirm Adam’s course is well worth it!
Wow, thank you for the compliment @kodydiy3028 ! So glad to hear you enjoyed the course!
Bot🤖🤖🤖
@@andrewjones4774 no u
How many vending locations and vending machines were included in that 120k purchase of the vending route?
Good luck finding a store or a good locations that allows you to use there site. Most are already taken.
"@luke_8_17 " you are probably right
Oh my goodness!
That was serious big mess.
Thanks for your sharing it
Sorry, but what do you mean?
Thank you!
The competition is crazy in this industry but this guy is a genius
He is selling you bs Everything is a get rich scam