@@crusaderACR well i think the problem is not only a high starting price ($3000/machine) and fees for wherever you put it, but also that you have to constantly restock it as you are selling consumables. Judging by the video the average machine makes $400-$500 a month so you arent gonna break even for at least six months
@@electroAM You break even earlier. You have to consider the value of the machines in your calculation, which is just passive assets with real value. If you want to be rich you need to stop thinking only about cash.
@@crusaderACR I00% correct. If I buy another machine for 3,000 I can expect to sell it for 2,000 within a week. So the $500 convince fee with the profits she mentioned means a ROI of 2-3 months
@@KailyKail Thing is that in Japan they have a HUGE VARIETY of products available in different machines. In America, it seems that EVERY machine just sells some brand of SODA/Cold Drinks! I don't even see those 'Snack Machines' with the 'screw drive' dispensing system anymore?
@@KailyKail Yeah, let me know when it becomes legal for 'Vending Machines' to sell ALCOHOLIC mixed drinks in North America... And did they also BAN the old 'cigarette machines' in the States, or do I just not see them?
@@StreetPreacherr I once knew this soda machine that sold store brand soda for 25 cents per can when name brand machine right next to it sold them for 75 cents. Seen the guy there once and he said he fills the cheap soda machine daily while he did not know who had the coke machine. If I recall the machine holds like 400 cans and he sells out almost everyday. You can run the numbers and see how much he was making just off that one machine. His trucks was one of those cold box trucks and was full. So you can see he had a bunch of machines.
I work for a company that does vending. It is one of our three branches and most of the machines barely make enough to pay for the worker that does the routes. So the money made is based on the value of your time. Outside the prison contract vending is our worst branch.
That actually is an accurate amount of money for a full time worker, not everyone is making $20 an hour, full time $10 an hour workers make less than 3000 a month.
You’re also forgetting the insurance you need to pay the taxes you need to pay and the licensing fee within the area you have the machines at tell everybody the full truth not just your BS
@@1GQ_gentYou can get an older model refurbished for like 800-900$ and just install a card reader yourself. The card reader will run you another 300 but that’s still much less than 3-4k
My childhood friends family did this and she said it wasn’t worth it. You would need A LOT of machines to start seeing any money. She always said to get into real estate which is what everyone says.
I would think its not really as much as how much money you got to start…if you can buy atleast 5 to start im sure you can do good in the future, but if you get one dont expect to wuit your day job 😂
What 'size' of a 'route' is required to total $14k/week in GROSS sales? And is this in the STATES? Are they all 'soft' Drinks machines? And it seems like the ONLY machines I see are for drinks, and you'll often see 3 lined up that just offer different 'brands' of the same types of drinks. In most cases, would all three machines be operated by the same person?
Those hustle culture channels make their money off RUclips and not the product itself. Graham Steven is the only one i found that trys to be honest and not garbage.
If vending machines were that profitable they wouldn't sell them so cheap , and, yes 3000.00 is super cheap. Neither one is discussing the rolling costs and she isn't saying, notice they specifically avoided, this is Net income. So you have to assume this is her Gross. Even if she was making 100% profit on each item that cuts her income in half right there. But we know the mark up on the products isn't 100%. We also know the cost of a single service call as well as on going costs for the machines wipes out a chunk of that Gross.
Yea but thats also 6 machines..times everything by 2 if can get 12….reason why im saying this is cause im about to start doing this with about 20k..at that point there is no way of failing…still location is key but also how much money you got to start…you can buy good used machines for about 1k sometimes even lower
It's not hard to fail, I've watched it happen to someone i know. It's a very expensive gamble because you'll spend $3k on a machine that won't bring in but maybe $100 a month if not less.
I think you do not understand. If you invest $3,000 and that $3,000 gets you $1,200 a year, every year, then you have a great business, that is earning you a 40% ROI. Why would you sell the machine?
It's actually really easy to fail without any proper research as you need to know everything to get the most sales but usally the best locations have already been taken by big businesses.
It is not easy. It’s simple but not easy. Finding machines, picking up inventory, finding machine movers, figuring out how to generate new leads, storage unit, taxes and insurance and of course organization - LLC etc. it’s a lot of work. Don’t be fooled!
I started in December with a combo machine I got for a crazy good deal. It's been just under 1k a month in sales and going strong. It's all about location
Where do you live?…im thinking of starting a vending machine business myself and doing it full time but i have about 20k to invest..do you think that would be enough to quit an average day job?
Not as easy as people claim it is unless you have the cash to invest in machines already placed in good spots. If not then you will likely have to start off with used machines then hunt down a spot that has good traffic and isn't already saturated with other machines around. It's a lot more work involved then people say it is. Don't even get me started on mess you have to deal with when someone vandalizes the machine and steals product from it.
The thing with vending machines is that a lot of it is passive. You buy the machines, set them up, cut the owner of the building in, and then you just have to go collect the cash, restock the product and change, and keep your records. The vending machine model works great if your area has lots of preexisting businesses that generate demand for stuff in vending machines.
My old boss told me about a friend that lost the house after going all in on vending machines. Probably not actually that dangerous for the average sane person though.
My friends dad used to do maintenance on all the coke machines in our town and the coke distribution center laid him off and sold off all their machines because it wasn’t profitable. We’re talking hundreds of machines here. It’s just an internet fad they make more on the tik tok videos about the machines than the actual machines make.
Vending is tough. It really depends on where you have locations and how often you need to go fill them. There are places that get cleaned out in a day and there are places that take a week to make a dent. Profit really depends on how much you up sell for and if your machine has a credit card payment then you will likely sell 100 times more. Cash and coins are not all that common any more.
S tier means it's literally a passive side hustle 0 effort. With amazing expandability. A tier has some effort some expenses good expandability. I think vending machines fall under B tier because you have to make those route you have to make sure your machines are stocked up with not only products but also change. You might get lucky with having machines close to each other but more n more people doing this side hustle so finding peiremium locations getting much harder.
carpet cleaning is a great side hustle if you can afford the set up. but depending on your area its seasonal work. in spring I can make about 1k a day. depending on who hires me I can clear 5k to 10k a week. but it is long hours and hard work. like 12 to 14 hour days and sometimes skipping lunch.
Meanwhile his or her parents or friends are in the business of either manufacturing vending machines, or supplying them. Don't trust these folks, why would she want more competition by giving away info for free
The stock one sounds pretty crappy but if you don't sell, in 20 years you are on your way to a fat retirement. Side hustles come and go. I love that Daniel recommended the only sure way to have a long term retirement
Working for somebody that owns hundreds or maybe 50 machines repairing them can be a little complicated but worth learning and very lucrative as a worker is easy work
And that's ANOTHER thing that anybody SELLING the machines likes to keep quiet! Those things are 'electrical, mechanical & now partially computerized. And if anything breaks, your machine makes NOTHING until you notice and spend a 'fortune' to get it fixed...
Ngl in Europe 3000 euros would be great (if it's already taxed), especially for the fact that you can do other jobs in the time between refilling etc...
I've never bought a soda at a barbershop. Ever. The idea that's it's just easy to find a location, a barbershop, with enough foot traffic to support hundreds to thousands of dollars a month in revenue... is ridiculous.
@@johndowe7003 It's not my business, and I have no interest in the profits generated from vending machines. I make way more than my parents ever will, and likely more than you ever will. Who the fuck are you trying to impress by mocking me? You can't even make fun of someone on the internet properly.
Just like our gym in our own building. For the amount of money we invest yes there are probably other business which is more profitable. But we dont habe to take care of the gym at all. So its very worth it. ( we only did repair once in a while or buy new equipment )
Yeah BS.... In America maybe where people get more stuff out of a vending machine then actually buying in a store... In Europe... Nope. There are regulations and you can't plant it just about anywhere (barber shop for example). It has to be a public space, for which you probably pay a good rent on, depending on the location (main train station for example) plus all the extra costs of maintenance... Yeah, not that lucrative as RUclips makes it seem. And yeah, if you wanna make good money you're busting your ass the whole day refilling the things and such, on top of all the other business related work you have to do.
In the US, you still use a lot of Cash. I am curious to know how Euro, AUD or NZD nations that are practically Cashless and so have Credit card fees to deal with work. (I live in New Zealand and recently travelled to The States and Honestly, the hardest part was remembering to get out Cash) I
@@bbrenew1938 I know I'm curious about the business and profit since Visa and Mastercard both take quite high fees and as far as I could tell at the Airport they don't mark up the prices that much (it's the same price as the Supermarket I clean at).
Actually it's less because you can sell the vending machines when they get useless. Not to mention if you place it in the right spots it could earn more.
2 major problems with vending machines. 1: Everywhere where there is any amount of traffic in that area, has one already, so you'd have to be extremely lucky to find someone willing to allow you to put one there. And until then, you're in the hole for the cost of a vending machine (which are really expensive). And it's very unlikely that you are going to find someone who just wants you to pay them a specific set fee, they will want a percentage of the earnings. 2. The amount you get per month and the amount you have to pay for food and other things means you usually get really low earnings back. So yeah, you made between 1.5k and 3k on 6 vending machines, but a portion of that goes to the owner of where the vending machine is, the food costs, and in the end, you've made pocket change.
If you're paying someone for a free service to make their workers/customer's or goers happy with something in the mean-time. You're doing it wrong. You giving out a FREE service on their end. If they want profits offer to sell them your machine or leave.
watch the full video here: ruclips.net/video/tad0O34d8ao/видео.html
Lol you didn't rank my side hustle. Albeit it's gonna grow into an actual business, way bigger then expected. Companies average 3.2 to 6.6m.
you exposed shit dude
I mean it sounds pretty easy but you probably aren’t making any profit for the first couple months, and even after that profit isn’t huge.
But if it is actually hard to fail then it's worth a good rating.
Better returns than stocks and very low risks would put it in S imo
@@crusaderACR well i think the problem is not only a high starting price ($3000/machine) and fees for wherever you put it, but also that you have to constantly restock it as you are selling consumables. Judging by the video the average machine makes $400-$500 a month so you arent gonna break even for at least six months
@@electroAM You break even earlier. You have to consider the value of the machines in your calculation, which is just passive assets with real value.
If you want to be rich you need to stop thinking only about cash.
It’s crazy, you mean starting a business doesn’t immediately turn a profit!?!
@@crusaderACR I00% correct. If I buy another machine for 3,000 I can expect to sell it for 2,000 within a week. So the $500 convince fee with the profits she mentioned means a ROI of 2-3 months
Its so hard to fail...
What do u think I am
You are
Hugo Banzer, ex-presidente of Bolivia
Who are you talking to right now? Who is it you think you see?
Who do you think you are? I am
An idiot sandwich
Update, there are 8 vending machines per street now and not a single one is selling a damn thing. 1-2 sodas per week.
Japan would beg to differ.
@@KailyKail Thing is that in Japan they have a HUGE VARIETY of products available in different machines.
In America, it seems that EVERY machine just sells some brand of SODA/Cold Drinks!
I don't even see those 'Snack Machines' with the 'screw drive' dispensing system anymore?
@@KailyKail Yeah, let me know when it becomes legal for 'Vending Machines' to sell ALCOHOLIC mixed drinks in North America...
And did they also BAN the old 'cigarette machines' in the States, or do I just not see them?
It's all on location hospital, schools go crazy
@@StreetPreacherr I once knew this soda machine that sold store brand soda for 25 cents per can when name brand machine right next to it sold them for 75 cents. Seen the guy there once and he said he fills the cheap soda machine daily while he did not know who had the coke machine. If I recall the machine holds like 400 cans and he sells out almost everyday. You can run the numbers and see how much he was making just off that one machine. His trucks was one of those cold box trucks and was full. So you can see he had a bunch of machines.
Rule 1 in vending: find a *secure* host business
The wrong client/ location will see your machine get killed quickly
Most people barely break even with Vending, but there are some who do well. You need to have the right location, among other factors
Lol
there’s a reason the dude sold his route for only 500
I work for a company that does vending. It is one of our three branches and most of the machines barely make enough to pay for the worker that does the routes. So the money made is based on the value of your time. Outside the prison contract vending is our worst branch.
The range between $1500-3500 is crazy
Definitely not a full time job
what part of side hustle you don't understand?
@@8koi245 the best side hustle can eventually become a full time job
It's supposed to be a low risk start and end up as something you can scale
@@ab3040 You can scale this though, you just buy more machines.
That actually is an accurate amount of money for a full time worker, not everyone is making $20 an hour, full time $10 an hour workers make less than 3000 a month.
If that monthly it's more than I make full time 40+ hrs a week
You’re also forgetting the insurance you need to pay the taxes you need to pay and the licensing fee within the area you have the machines at tell everybody the full truth not just your BS
Thing is a lot of younger people don't even carry cash on them anymore so you better get a machine that can take card
Trueeee
Those machines are like $3-4k
@@1GQ_gentYou can get an older model refurbished for like 800-900$ and just install a card reader yourself. The card reader will run you another 300 but that’s still much less than 3-4k
My childhood friends family did this and she said it wasn’t worth it. You would need A LOT of machines to start seeing any money. She always said to get into real estate which is what everyone says.
Thats the point..for ex. Im thinking of doing this with about 20k starting…theres no way of losing
Vending machine viability totally depends on where you live. If it's a bigger city, it's great. If it's a small/medium city, it's bad.
I would think its not really as much as how much money you got to start…if you can buy atleast 5 to start im sure you can do good in the future, but if you get one dont expect to wuit your day job 😂
I work a vending route startup business as well, we pull in about 14000 a week, totaling about 5000 profit. Besides the startup cost it’s very good
What 'size' of a 'route' is required to total $14k/week in GROSS sales?
And is this in the STATES? Are they all 'soft' Drinks machines?
And it seems like the ONLY machines I see are for drinks, and you'll often see 3 lined up that just offer different 'brands' of the same types of drinks. In most cases, would all three machines be operated by the same person?
How many machines is that?…i got about 20k to start investing…is that enough to start big?
Those hustle culture channels make their money off RUclips and not the product itself. Graham Steven is the only one i found that trys to be honest and not garbage.
Vending Machines just depends on the area really. Easy To fail for number of reasons. From no to hardly any sales per month, to broken into machines.
If vending machines were that profitable they wouldn't sell them so cheap , and, yes 3000.00 is super cheap.
Neither one is discussing the rolling costs and she isn't saying, notice they specifically avoided, this is Net income.
So you have to assume this is her Gross.
Even if she was making 100% profit on each item that cuts her income in half right there.
But we know the mark up on the products isn't 100%.
We also know the cost of a single service call as well as on going costs for the machines wipes out a chunk of that Gross.
Yea but thats also 6 machines..times everything by 2 if can get 12….reason why im saying this is cause im about to start doing this with about 20k..at that point there is no way of failing…still location is key but also how much money you got to start…you can buy good used machines for about 1k sometimes even lower
It's not hard to fail, I've watched it happen to someone i know. It's a very expensive gamble because you'll spend $3k on a machine that won't bring in but maybe $100 a month if not less.
Then you sell the machine. The value of the machine doesn't go away in 6 months.
@@MikeKing001 only 60% loss within 3 months?
I think you do not understand. If you invest $3,000 and that $3,000 gets you $1,200 a year, every year, then you have a great business, that is earning you a 40% ROI.
Why would you sell the machine?
It's actually really easy to fail without any proper research as you need to know everything to get the most sales but usally the best locations have already been taken by big businesses.
It is not easy. It’s simple but not easy. Finding machines, picking up inventory, finding machine movers, figuring out how to generate new leads, storage unit, taxes and insurance and of course organization - LLC etc. it’s a lot of work. Don’t be fooled!
I started in December with a combo machine I got for a crazy good deal. It's been just under 1k a month in sales and going strong. It's all about location
Where do you live?…im thinking of starting a vending machine business myself and doing it full time but i have about 20k to invest..do you think that would be enough to quit an average day job?
Not as easy as people claim it is unless you have the cash to invest in machines already placed in good spots. If not then you will likely have to start off with used machines then hunt down a spot that has good traffic and isn't already saturated with other machines around. It's a lot more work involved then people say it is. Don't even get me started on mess you have to deal with when someone vandalizes the machine and steals product from it.
The thing with vending machines is that a lot of it is passive. You buy the machines, set them up, cut the owner of the building in, and then you just have to go collect the cash, restock the product and change, and keep your records. The vending machine model works great if your area has lots of preexisting businesses that generate demand for stuff in vending machines.
But why would a business take a cut when they could just stock them themselves and make way more?
@@tomek6132 effort? Also they do not own the machine
Worth a side hustle. Everyone want a drink or two. Can't go wrong with the popular soft drinks
"It's so hard to fail"
Lady, let me introduce myself.
they are make or break, if you dont find the right spot
Short answer. It depends on where you put it.
I think its location and how many you can buy…im thinking of starting this with about 20k
My old boss told me about a friend that lost the house after going all in on vending machines. Probably not actually that dangerous for the average sane person though.
My friends dad used to do maintenance on all the coke machines in our town and the coke distribution center laid him off and sold off all their machines because it wasn’t profitable. We’re talking hundreds of machines here. It’s just an internet fad they make more on the tik tok videos about the machines than the actual machines make.
Vending is tough. It really depends on where you have locations and how often you need to go fill them. There are places that get cleaned out in a day and there are places that take a week to make a dent.
Profit really depends on how much you up sell for and if your machine has a credit card payment then you will likely sell 100 times more. Cash and coins are not all that common any more.
S tier means it's literally a passive side hustle 0 effort. With amazing expandability.
A tier has some effort some expenses good expandability.
I think vending machines fall under B tier because you have to make those route you have to make sure your machines are stocked up with not only products but also change. You might get lucky with having machines close to each other but more n more people doing this side hustle so finding peiremium locations getting much harder.
carpet cleaning is a great side hustle if you can afford the set up. but depending on your area its seasonal work. in spring I can make about 1k a day. depending on who hires me I can clear 5k to 10k a week. but it is long hours and hard work. like 12 to 14 hour days and sometimes skipping lunch.
Meanwhile his or her parents or friends are in the business of either manufacturing vending machines, or supplying them. Don't trust these folks, why would she want more competition by giving away info for free
The stock one sounds pretty crappy but if you don't sell, in 20 years you are on your way to a fat retirement. Side hustles come and go.
I love that Daniel recommended the only sure way to have a long term retirement
It really really depends on location. Inner cities are gonna be the earners, because it's just more people per square.
Bro tried slipping an penguinz clip 😂💀
I feel like it would be a risk doing this for schools. You'll get a lot of customers, but the the ratio wont be 1:1
best side hustle: learn to draw some sussy art and do commissions on twitter
Jesus, everyone is so negative in the comments. Excuse after excuse. A little bit of extra income is still income.
Working for somebody that owns hundreds or maybe 50 machines repairing them can be a little complicated but worth learning and very lucrative as a worker is easy work
And that's ANOTHER thing that anybody SELLING the machines likes to keep quiet! Those things are 'electrical, mechanical & now partially computerized. And if anything breaks, your machine makes NOTHING until you notice and spend a 'fortune' to get it fixed...
Ngl in Europe 3000 euros would be great (if it's already taxed), especially for the fact that you can do other jobs in the time between refilling etc...
This can be a full time job if you triple your machines and locations.
That’s a lot of gas and driving tho
@@josiahlee2098 so? Can still be profitable If you do it right
Thats what im thinking…im about to come in with about 20k to start with
I've never bought a soda at a barbershop. Ever.
The idea that's it's just easy to find a location, a barbershop, with enough foot traffic to support hundreds to thousands of dollars a month in revenue... is ridiculous.
I can't think of a time that I've EVER been so desperate for a soda that I'd spend $1 for ONE CAN from a 'vending machine'...
Seems like a vary passive income stream.
Just buy the unit, restock every few days and watch the profits.
I keep telling my parents they need to put a vending machine outside their business.
Yeah
Buy one, why are you waiting for mommy and daddy
@@johndowe7003 It's not my business, and I have no interest in the profits generated from vending machines. I make way more than my parents ever will, and likely more than you ever will. Who the fuck are you trying to impress by mocking me? You can't even make fun of someone on the internet properly.
Just like our gym in our own building. For the amount of money we invest yes there are probably other business which is more profitable. But we dont habe to take care of the gym at all. So its very worth it. ( we only did repair once in a while or buy new equipment )
Basically Best business or side hustle are one where money works for you 😂
Gotta get card readers because I don’t recall the last time I carried singles or coins.
I've always wondered. Are you allowed to sell anything in vending machines, just as long as it's actually legal to sell?
Seems like it's a easy way to make money as long as people don't destroy your machines
Being Chandler ain't easy
So you ask how much they make but don’t bother to ask what the net profit is?
Overheads would deplete that number pretty quick.
Your talking to the wrong person 😂 she admitted to get hustled out $500
But HOW DO WE BUY VENDING MACHINES? Other than Facebook?
Yeah BS.... In America maybe where people get more stuff out of a vending machine then actually buying in a store... In Europe... Nope. There are regulations and you can't plant it just about anywhere (barber shop for example). It has to be a public space, for which you probably pay a good rent on, depending on the location (main train station for example) plus all the extra costs of maintenance... Yeah, not that lucrative as RUclips makes it seem. And yeah, if you wanna make good money you're busting your ass the whole day refilling the things and such, on top of all the other business related work you have to do.
And now the market is probably over saturated since everyone on Tiktok and abit of money is going to do this.
How this work? You pay rent, electricity?
$300 a month for 6 machines is crazy 😂
Dam… u know it’s sad when someone’s side hustle is ur salary
What’s your job? Get a better job. Go to college
@@0IIIIII bro just recommend college for a broke person trying to get a better job 😭
@@rakimu6023 how else is a broke person supposed to make a lot of money?
@@0IIIIII most of the subjects in college will NOT make you big money, its quite obvious you haven't gone to college
@@0IIIIII you can get hella jobs without being a college graduate too
"even asked the pros"
I dont get why waste time posting a pixelated picture.
In the US, you still use a lot of Cash. I am curious to know how Euro, AUD or NZD nations that are practically Cashless and so have Credit card fees to deal with work. (I live in New Zealand and recently travelled to The States and Honestly, the hardest part was remembering to get out Cash) I
Here we just have a lot of machines where u can pay contactless
@@bbrenew1938 I know I'm curious about the business and profit since Visa and Mastercard both take quite high fees and as far as I could tell at the Airport they don't mark up the prices that much (it's the same price as the Supermarket I clean at).
Lol side hustles are always scams or illegal.
Yeah, that doesn’t sound that interesting. I’m glad she found it profitable. It just doesn’t seem like the profit margins. Are that big.
But she has 6…imagine 12
I swear I saw this guy on 90 day fiancé living with his mom ??!
Broo..and thats 6….imagine 12….how the f is this a side hustle…imagine with time having 20 maxhines
I’d be checking those bills and coins for rare coins that could be worth thousands
You ask the pro’s, so we know it’s real? Do you not see the irony in your statement?
Epic since first lmao but so less money...
"the one right below s tier" women☕️
Sounds like you need alot to start. 3 grand for just one
I want to do vending machine in my area but don’t know we’re to start
The fuck is F and S. Why not just 1 and 10
Is that an IKEA fan I see?
that’s cool
I mean hey, that's more than double what I make in a month so
Vending machine dont work.very well outbside usa hhaha
Is it 3500$ a month
Is that profit?
Or get a real Job. Learn to code, start a biz etc.
Got chata get a bumball machine
Ehhh don’t have the money to start
Loan?
@@Bosnian.Spartan too risky? :|
Why am I randomly so early
Her upper lip dead af
so i need like 7 months to break even? how is that a teir
Because it takes 1 hour a month…
Actually it's less because you can sell the vending machines when they get useless. Not to mention if you place it in the right spots it could earn more.
I have one side hustle, i edit youtube videos for people but currently i am looking for a client but it pays ok
The waffle house has found its new host
Well we all beat the odds once
2 major problems with vending machines.
1: Everywhere where there is any amount of traffic in that area, has one already, so you'd have to be extremely lucky to find someone willing to allow you to put one there. And until then, you're in the hole for the cost of a vending machine (which are really expensive). And it's very unlikely that you are going to find someone who just wants you to pay them a specific set fee, they will want a percentage of the earnings.
2. The amount you get per month and the amount you have to pay for food and other things means you usually get really low earnings back. So yeah, you made between 1.5k and 3k on 6 vending machines, but a portion of that goes to the owner of where the vending machine is, the food costs, and in the end, you've made pocket change.
If you're paying someone for a free service to make their workers/customer's or goers happy with something in the mean-time. You're doing it wrong. You giving out a FREE service on their end. If they want profits offer to sell them your machine or leave.
The waffle house has found its new host
ur like 3 days late bro, phase 2 has begun