5 Things You MUST Know Before Starting A Vending Machine Business
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- Опубликовано: 28 июл 2024
- What happens when two college students buy a used vending machine to start a passive income business? In this video, you'll learn the good, the bad, and the ugly of starting a vending machine business as well as important tips for profitability.
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In the summer of 2019, my college roommate and I started a vending machine business. Our goal was to acquire 10 locations by 2020, yet owning this kind of business comes with many obstacles that we did not see coming.. In this video, I tell you steps to open your vending machine business, I give you advice on starting vending machine business, I tell you the best vending machines, and what you shouldn't do when starting a vending machine business. THIS IS EVERY QUESTION BEGINNERS HAVE!
The 5 Things You MUST Know Before Starting A Vending Machine Business
1. Have a location before buying your machine
2. Analyze your target market and don’t buy a snack machine for a place a drink machine would be better
3. Realize you’ll need $500 - $1000 in startup capital
4. Don’t expect passive income, this is active work
5. Scaling is harder than expected, a lot of labor is involved
We made about $90 in total sales, but that was over 9 months of our machine being operational. This was NOT profitable, and we actually ended up losing a lot of money when our snacks expired.
After we realized that this business was NOT passive, we had to come to a tough choice. As students, it was just not the best use of our time and it required a large amount of capital to scale this business. So what did our business do?
Luckily vending machines hold their value really well! So a year later from our initial investment, we sold our machine. The great thing is we recouped all our costs and even sold the machine for a slight profit of $75.
Most of the unsold and expired snacks were able to be eaten by us and did not go to waste. So, all in all, we were slightly cash flow positive, with our machine still holding its value at the time of selling.
If you're interested in starting this business, be sure to do your due diligence before buying a machine! This can be a fun and lucrative business if done correctly! Personally, I would rather spend my free time working on side hustles that can be done online and that lean more towards passive income.
Thanks for watching!
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New vending machine order just came:
1. please scroll back up
2. and smash the like button
Chris D'Andrea If you ain’t got no love for this vending machine Life. Then your bitch ass need to stay out of the business. I can’t stand opportunities people like you. Your whole approach was wrong
432HZ 432HZ it’s a lot of hustlin for just a few dollars. it can be lucrative if you’re willing to put in the hours and make vending your main hustle. personally i’d rather pursue online businesses with less start-up costs
How did you get free snacks?
I am from india can you please tell me price of vending machine in indian rupees
@@MiLlamoName when the snacks we bought for inventory expired, instead of throwing them away we ate them LOL
I own 3 vending machines and they bring in total of 3K-4K a month. It’s all about location the maintenance is easy. I knew off the rip location was important so luckily I got friends that own their own barbershops so I placed my machines there. 😎👌🏿
What kind of machines are they? And what are the best locations to put them in. I’m a soon to be 17 year old looking to invest, if you have the time to respond do you have any tips or tricks? Thanks!
Do I have to have a license
@@haxor6863 I have my vending machines in my hometown, and I know the some friends that work/ own barbershop so I have my vending machines inside or outside the barbershops.
@@beyoutifulcaprice8678 at first I didn’t have one until recently. Yes each state requires you to have a vending machines license to install your machines on property. Also you can file this on your taxes as a business write off.
Any suggestions on good locations?
I started a vending machine business last year as a side job while I am employed to a corporate world. Now I rely more on my earnings in my vending machine business. Such a good idea to start one.
That's amazing! What a huge accomplishment. Side hustles are truly the best route towards becoming financially independent!
How has Covid affected your business?
Did COVID19 impact your business?
@@gabrielagrigore2131 obviously it does. Lockdown causes people to stay inside. Vending machines are NOT digital. It's obvious that he lost out on money.
@@ravenssunglasses2660 Its depend on Location though,...
Guys if you came to watch this video for encouragement on vending machines don’t let this video discourage you just go out and do it !
Agreed! With time and dedication, any business can become a success. 💪 Definitely learn from the mistakes we made though! Also try to get a better location than we did or the whole biz will become a major headache LOL
These guys I'm guessing were spoon fed. Cause apparently cleaning the glass is hard labour 😂
These guys new they put their machine in a bad location and gave up surprised it didn’t work for them lol
I was thinking the same thing. I’m too optimistic to let the cons outweigh the pros. Everyone is different as far as being savvy
@Honey Badger optimistic and smart. Combination of both are great!
Definitely had the wrong location. Need a blue collar working location with men who work 24 hours a day.
Thank you! The location was absolutely awful .
Barber shops bro . 12 barbers in that one location 6 days a week . And that’s not including all the foot traffic with walkins . I feel that’s the best location to put your first machine .
@@jorgeespinoza6645 I’m thinking of buying a vending machine thanks for the idea
Yooo facts lol
Put that junk in a warehouse Yoo lol
Aka a construction site.
I never knew running a vending machine business was so much work. Sounds easy before you really think about it and experience it.
It really does sound easy!! Once you have enough sales revenue to hire help I'm sure it would become easier, but as solopreneurs it was definitely more than we expected haha 😂
@@ChrisDAndrealifestyledesign At least you're trying! Lovin' it!
Its way easier then what they are saying
@@ronniehodgesll6330 honestly
True man
Just remember that everything you wanna do in this world takes hard work. Do what you want and have faith it will work but don’t have the easy money mentality .. money is energy !!!
I agree! Everything requires hard work, but sometimes you can work smarter not harder. There are many side hustles out there! Vending isn't for the faint of heart, but it is definitely possible
Very well said sista,i can tell and know you posses "that" type of knowledge,stay shining
Exactly
Thank you❤️
It seems like a perfect business for a young person who could devote a lot more time into it. Great video guys.
I agree, it's perfect for teens and young adults. Once you get a few machines up and running, it becomes a truly awesome passive income stream. Tough startup though haha. Thanks for watching!
@@ChrisDAndrealifestyledesign you
@@ChrisDAndrealifestyledesign why tough?
True that totally agree
I plan on doing this once I get a license trying to learn as much about it as I can tell then I have a really good location and I don’t think there’s alrdy one there so fingers crossed
I did this from 2006-2010 to show my 15yr old how to be a business owner and made a KILLING but I did it differently and 90% of mine where Quarter machines. The Quarter machine had better margins. Great video
Tips and advice on how to make an good income from this?
Thanks man
@@reecesloan8017 honestly it’s really needs to be scaled then. I suggest you find locations first. I singled out restaurants that had lots of foot traffic. I also had a few in a recovery dispensary which was my best location. If you have the hustle muscle you can make some decent profits. You need to be able to get the machine at a good price. I had Northwestern super 60.
Why did you stop?
Yeah. Knew a guy in Phoenix. He made so much that he got into the raising of Horses.
Wow.
Quarters.
Lil cheap ass plastic crap toys.
FLUMMOXED on how he lived.
Primary income.
Like.... limos to partys and going to the bar. (Cheaper than a cab) lol
I'm doing the same for my 15 yr. She wants to get a job but she is very active in school. I told her that she would have to choose between working or her extra curriculars. We talked about a vending machine so that we could work around her schedule and when she can't do the labor, I could it. We have found a location but now we are looking for vending machines. We hope to hear about a vending machine today!
Thank you for making an honest and realistic video about the efforts these “side hustles” take !
I would absolutely have a credit card reader. Studies show people spend more often and more money with a card so it’s so worth it. Secondly I would stop by weekly and buy every item to make sure it’s working properly. I plan on buying some and capital is not an issue.
I started a Vending Machine business, i have a drink and snack machine at a private school, i make around $400 or so every 2 weeks I'm loving it great video 💯💯💯
which vending machine brand do you recommend?
How you convenienced then to keep ir
How much do they charge you for having it there?
how often do u restock them
I’m a highschool student and I started working at CFA and invest that money to small buisness, and I have 3k profit money from selling at 5 schools with workers. I want to Buy a school vending machine. Do you know who to contact to put a machine their?
This was extremely informative, thank you for including the pros and cons so that we could all make well informed decisions about placement, costs and profit
No it wasn’t lol
Thanks for being honest and sharing your tips. It’s great to try new things. And it’s cool to see that you shared even though it didn’t go how you expected. All the best!
So glad that you enjoyed the video and the tips! I agree, even when things don't go how we expect, we can learn take away many lessons and applicable knowledge for future business ventures :)
This seems like the best place to start as far as owning and managing a small business, the potential loss is small and easiest way to practice running a business without having to deal with tough issues.
That’s a great point! It is good experience with cost of goods sold, contracts, tax/legal documents, and general maintenance.
This is passive income I don’t know what kind of job you work but if I had a few machines that’s a hell of a lot easier than working construction and that’s what I do now
Exactly ‼️‼️‼️‼️
Tbh
That's a good point! I always recommend starting side hustles that you find interesting, even if it doesnt work out, you still learn A TON. and sometimes your side hustle can out earn your main job and you can pursue it full time. Vending machines is still a fantastic niche business to get in!
Its not a lot of work it seems compared to real jobs but it also isnt completely passive which i think is his point. Stuff like a viral youtube video or selling online classes would be 100% passive income.
Agreed, I’m a GC and I know this is way more passive than running construction sights
thanks for being so honest and blunt great insight
I'm so glad you enjoyed the video! :)
ok, seriously, this is one of the most interesting videos on youtube i've ever watched. you always see those vending machines and think "yeah whatever gimme chips" but as someone focused on business, it's so fascinating to hear the struggles and experiences you had with this business. thank you so much for making this and sharing it. so interesting to hear what you struggled with and learned. i feel like 20 years ago no one would have had the chance to learn this, but now we can see.
good luck with your next ventures!! you guys deserve to make bank. subscribed for sure.
Well.. Their location sucked. That's why it failed. You need a few 100 or even 1000 people a day around you machine.
Ive got mine in a mall and it makes around 80-100$ a DAY.
And when you buy a proper machine and no junk then you have nearly no problems.
I got one for around 5000$. It takes coins, notes, and Creditcards ect. Its connected to the Internet and I can Look into it from home... I can see what is missing, what needs to be filled up and how much money I made.
So I dont take extra Trips. I only go when I have to.
It's an awesome Business. I am planning to get at least 5 more machines. With good locations I can make 10k a month easy. It's all about the location
@@Kevin-rf9sx Hey kevin can I message you somewhere and pick your brain about this location for a vending machine? I’m wanting to start it out as a side hustle and eventually expand it into my full time hustle. I’d like to pick your brain on it one day thanks.
You’re very bad at searching if this is one of the most interesting videos you’ve found.
Surprisingly enough I have been looking into and researching vending machines hear the past few year. And the other day after my college professor had us take a test, vending machine operator was one of the carriers listed. And it actually stated some of the points you made here.
WOAH NO WAY!! Yeah the vending machine business is fascinating, and an interesting form of passive income for sure. I wish it was less intense of a business to get off the ground considering the heavy machinery, inventory expense, and repairs
I like how you included the pros and cons because other videos make it seem so easy
Pro and con lists always help me understand concepts better too!
5:36
I feel the slight pain in that smile. That feeling of "Whoa! That was close to a disaster," and having learned from mistakes.
After a couple years of talking about getting a vending machine I finally have one getting set up at what I believe is a good spot lots of foot traffic. Also it can be passive after you find multiple spots to place machines and you get a good ROI out of them per month. But for me this is something I plan to give to my daughter during her high school years she’s in elementary right now so I can’t wait to see her do it on her own. So in the next 10 years I hope to have at least 20 machines set up at different locations
What’s ROI?
@@aliwil6746 ROI- Return On Investment
Very very cool 😎
How does the location part work though? Do you need some kind of permit, or do you just offer the owner a piece of the action?
@@mana7412 I’m not a legit company just yet so I don’t have any permits but after looking into it you do need a resellers permit and I believe that it’s depending on what you’re selling ofc for me i went with just beverages because they make the most profit in my opinion and as for their “cut” you don’t have to give them anything unless they ask for it don’t bring it up to them, but if they do ask figure out a percentage that would work for you cause if you give them a set amount weekly or monthly and your machine isn’t making money then you’re paying for your machine to be at a location that’s not making money 🤷🏽♂️ also ask for the amount of employees that are there and look at the traffic the company brings in too that’ll help you figure out if it’s even worth putting a machine there
@@lootrite9539 That makes sense, thanks for the tips 🙏
Well, best of luck with it. Your daughter will appreciate it big time
Personally can't decide between starting a vending machine biz like you or specializing in the maintenance part. Figure there must be a need for that, but maybe the machines aren't hard to fix on your own. What's your opinion? Do repairs require specialized help?
As an avid vending machine client, I appreciate this wise video.
Glad you liked it, Craig! I am also a vending machine connoisseur myself.
Glad to see a video listing the cons. As there are a bunch on RUclips that only promote how great the vending machine business is... And they make it sound easy.
Recently been looking into vending machines myself. i appreciate the tips ! thank you!
Thanks for the insight bro - really great content!
I’m glad you enjoyed it bro!
Not gonna lie, i thought this is another one of those bragging videos where they list how much they make not talking about costs, like labor etc. but i was positively mistaken! Big up for making this!
I appreciate that!
I love this! so transparent. Now I know that it won't be as easy as it seems. Thank You !!
Thank you for this my guy !! Most real video I’ve found about this hustle
I’ll rate a 4.8, expectations didn’t happen, but it was for the first time I assume so it’s a great learning experience
definitely!
This is why I go with bulk vending candy machines and spiral gumball machines. Those are much closer to passive, and far easier to move at will.
That's a really good point. The more I read about this business it sounds like you need to move your machines at the drop of hat (new ownership, theft, poor revenue producer). Makes alot of sense to build inventory of machines that are super easy to move. I think this gives me the idea to just focus on small lightweight machines. Also most people don't have empty garage to store those monster beverage machines.
I’ve always wanted to start a bulk vending machine business!
Best overall advice before buying a vending machine I learned a lot about It within just watching this video great video guys!! Keep up the good work
Very honest and humble video! Thank you for the insight
Definitely never considered vending machines as an income source! Super informative and interesting video! Glad I stumbled upon your channel
Really
I'm glad you enjoyed the video!! Passive income is so fascinating to me, and vending machines is just the tip of the iceberg. Can't wait for you to see everything that is to come.
I appreciate your honesty through out this video, not a video just showing success and and skipping out on the reality of starring businesses! Thank you!
I appreciate that! Glad you enjoyed it :)
You’re a Genius bro thank you for being honest !! just subscribed to your channel rn
I was looking at starting a vending machine based convenience store near uni (college) campuses that sell basic essentials and ready frozen meals
Sounds cool, but sounds counter productive to add a rent payment
I have started vending machine business. Our vending machine is earning $1200 a month and it is located in shopping mall
can you email me so i can ask some questions about your vending business? mattewmuyumba@gmail.com
@@UnghettoMathieu did not expect to find the barbie pimp here wtf
That's so epic!! Congrats man. How were you able to land that location?
@@UnghettoMathieu dude, I'm glad you're venturing into business
How did you get it approved?
I live in a very heavy tourist area so I was looking into starting a vending machine business so this was something really good to watch and learn from!
A heavy tourist area is PERFECT for a vending machine business! I would recommend starting with a drink machine!
Thank you guys for the honesty though. Love it!!!! Thank you!
I'm glad you enjoyed it!
You said everything anyone needs to know. You didn’t make it sound like the best side hustle ever. 🔥🔥🔥
Been researching this topic. Thanks for the info, Ezra Miller
Broski i fucking appreciate this honest and Informative video u made... thanks for the honesty dude...
I'm so glad you found it helpful! All the best my dude!
Omg I'm So Glad I watched this! Thank you very much!
i just randomly found this video - - im impressed you two gave it an honest shot. most people out there never do so and it's ever just a conversation. you two will be just fine
Enjoyed the honesty of this vid.
I'm so glad! We definitely learned a lot through our experience.
As much as a passive income business sounds great, I just want to have no boss. I also want the rewarding feeling of running a business.
Such great tips!! I’m glad I watched your video before purchasing. New sub here! Thanks for uploading handsome ❤️🙌🏾
Thank you for your honesty!! Headed to the next video
Thanks for watching!
Soooo
- find a location
- buy a machine
- stock it every week or so
- clean it
- fix it when breaks
An honest video, thank you.
Sad RUclips currently tends to promote the catchy mostly bs.
So true! But I am glad that you enjoyed the video and got value from it :)
Thanks for taking the time to making the video and saved me the hassle of getting into it
I'm glad it was helpful! Yeah vending machines are great. I love that in Japan they have vending machines for all types of items. I personally feel like if you were going to start a company with physical products, vending machines are such a cool way to go. I've seen eyelash vending machines, ice vending machines (they kind of count), even pharmacy vending machine (look it up its called Pharmabox, super cool). And even the simple snack or drink machine can make a killing at the right location. Office break rooms, barbershops, apartment buildings, laundromat, etc. but it's easier said than done. I do want to get back into the vending machine business one day, once I can find the right opportunity. I'm still a believer that you should find a good location before you buy a machine.
I really apreciate your honesty guys! Not another ,,be a milionaire via vending machine business" type of video.
Iam sure it can work, but as everything - It aint easy and you need to like the work you put in.
This is a good video but success in the vending business revolves around your locations. And it doesn't necessarily take a lot of startup capital. I would buy a bulk number of machines and sell a couple to make my money back and place the rest for free that way I'm out of the hole immediately.
Yeah I'd agree with your assessment -- it's above average for a hustle, but there is definitely drawbacks in terms of the amount of active work involved to run a vending machine business. I remember watching Reyes' videos on it and just thinking, man, you are hustling for a couple bucks...
Reyes is a loser that guy always complaining. Nothing he does works
Glad I seen this video. Great content!
great Video, most just chip how easy that stuff is
You guys are great
Glad you enjoyed it!
First advice that I as a former vend route owner is get into the field first to get first hand experience in the business also take a adult education class about starting your own business also get an LLC find out about sales tax state and local get an accountant!
Never buy into a company that will sell you a machine and a location they are more about selling the machines than caring about you and the machine and location!
I feel like you dont learn without mistakes so this is a great try. I also think its hard to find locations since its fairly easy to start up.
Very true! Life (especially your 20s) is all about discovering what business/career field will fit you best. I agree about the location comment, finding good spots is tough when the big vending machine operators have them all under contract. The best bet is to find new buildings or office break rooms or even barbershops.
Nice Video my guy 💯 appreciate the info.
Any time! Best of luck with your entrepreneurial endeavors
Thank you, bru for being transparent, incredibly honest I appreciate it ❤❤❤❤❤
This was super helpful, thorough, honest, and well-made. Thank you for sharing this valuable lesson!
Would you rather have a drink vending machine or snack machine? I feel like drinks would make more sense because they don’t really expire
tough question, it depends on the location! snack machines tend to be cheaper and easier for beginners since there is no refrigeration mechanism to learn. but drink machines seem to have more demand and less concerned about expired products. if I could do it again, I would go with a drink vending machine!
Well, It would be Great to place a drink Vending Machine beside Snack Machine or the opposite but It would be Drink Vending Machine, I means It didn't need to be Cool Drink but It would be more demand if Its Cool or Warm depend on the Location Average Weather... ¯\_( ͡° ͜ʖ ͡°)_/¯
I was told drinks always out preform snacks
Probably the first honest video I’ve seen on vending machine business
there's a lot of good info out there! But the truth is it is much harder than it seems on the surface, not impossible, but definitely comes with headaches.
Thanks this was really helpful 💜
After doing all my research cause am looking to have my vending machine business up and running soon. I think the hardest part pulling up solo vs a franchise is cutting the right deal with the location management. I have an ideal location but getting the right person on the phone to propose my pitch is hard and cutting some kind of contract deal. Because base on where u place those machine it’s using up the electricity so someone is going to want their cut.
I believe in you!!! And usually 10% - 20% of sales for the store owner is standard
No stupid questions: How would you pay the owner? Do you pay them with cash or through Zelle or some kind of payment system?
@@GaryCapital A little late but a cheque works just fine and a little more professional.
The information coming from this video is from a first time entrepreneur, vending machine business is absolutely scalable and passive. No business requires ZERO work, you just need the right systems in place. Business sounds great to everybody until they see what it takes to actually run it successfully and then they make a video like this somewhat scaring people from the business model. Take the lessons learned and keep growing with the business, don’t just sell off.
Well said! Agreed that vending machines can be lucrative and passive (eventually.) But I think the principles of both opportunity cost and pivoting are importing to emphasize. For our specific situation, the machine, location, and profits were not worth the continued effort. Similar results can be achieved through similar business models like real estate investing and digital media. There's also countless other side hustles that perhaps are more enjoyable for similar amount of income (examples could be petsitting on Rover, event directing, or even flipping on FB marketplace.) I think vending machines can be an excellent hustle, this video is simply to share the insights we learned and mistakes we made. The biggest mistakes being buying a dinosaur machine, bad location, no credit card reader, and 1 hr travel distance from our machine. But the lessons learned from having an equipment-based machine were incredible.
You can’t say nothing to that Chris. You got owned. You just quit.
I was thinking about doing, you convinced I the end, just for the experience alone. I've never started any kind of business or have any experience running one. starting something small, even if I take a small loss, good learning experience.
Very informative video. I am very interested now. Thank you for posting it.
I’m so glad you enjoyed it. Thanks for watching!
take it from a guy who profited about 20 bucks total...working really hard
good job chris
haha you win some and you lose some! 😂
Nice! whats great is we sell lock picking tools so this could be advantageous for us.
😲
Thanks for the tips
Love the info!
I'd like to start a business doing this but what do you recommend when trying to set it a location ? How would you approach the clients to interest them in allowing us to put out vending machine there
On my 34 th year. I had a 3 prong attack. Office coffee service, ( provide many products for office kitchens...coffee, utensils,cups, towels...) soft drink and snack machines. Warehouses with at least 50 people minimum. And straight delivery of products... cases of soda, specialty orders( just make sure you get that 38% profit. Ha few construction accounts for high tech , put 10 machines 6 soft drink and 4 snack machines for a project that was supposed to last a little over a year.(1200 workers 7 days a week)emptied every day) took about 2.5 hours to refill, but it lasted 5 years and that was just one account. Had about 60 machines out at max, now just a nice part time gig with about 8-10 accounts mixed.
I outlasted most of my accounts.
Tip: have someone else sell for you and give bonus and small 5 year commission on account profits.. 10% worked for me
If you happen to see this, you mind sharing what your monthly/yearly profits were like? Thanks!
Love this video thanks!!
Glad you enjoyed it!
What steps would I take to get a vending machine put in the mall
after a year of work, you guys made $20?? damn cuz
Wait what 😳
and a valuable experience PLUS free snacks :)
😂😂😂 once you guys figured you had the wrong machine why not switch it out for a drink machine
Yo I appreciate the honesty! Good things to think about
Awesome video! Thanks for the info
I've been doing vending for 11 years now the best machines that hardly ever break down are the Castaloria's 101 S series very good machines 👍 👍
Thanks!
There should be a video about "best" units.
Best comment. Thank you 👍🏽
Restocking, cleaning the machine ain't hard labour though. Don't even have to do it that often twice a week probably.
Exactly still seems way better than a regular job
Thank you definitely glad I watched
Very helpful thank you for this out look
0:05 “have you ever wondered what it’s like to start a passive income business?”
3:46 “this is not a passive income business”
LOL
Right
Thank you so much for your video, it's really informative. Can I ask where should I buy vending machines since my budget is only around $1500 before the LLC application?
I'm glad it was helpful! For a used machine Craigslist and FB marketplace are great options. You can also look for refurbished vending machines from website like Vending World (they will be a bit pricier though.) New vending machines are usually in the 2-3K price range. Best of luck with your endeavors!
Thanks for the video, new subscriber!!!
Thanks for the sub!
Thanks for this insight! I’ve been talking about starting a vending machine business and the job/warehouse I’m at doesn’t have any machines, I’m thinking that could possibly be a nice 1st location.
Im gonna be honest. I used to work the vending machine at my church with my father. These guys kind of exaggerated a little bit. Our vending machine was so old and it rarely malfunctioned. And I think the issue they ran into was placement, because at our church it had a good amount of traffic and that was only one day out of the week depending on the day.
Definitely! Location was our biggest challenge! But I will say that repairing the mechanics of these machines without a background in vending repairs in harder than one might expect haha
@@ChrisDAndrealifestyledesign were your machines newer models or used?
@@casandrayoung9728 the one bought was used! we got it for $450
Vending machine at a church?
@@iamdoktah yeah they’re really solid locations from what I’ve seen.
This is a win for a business loss. I love it
HAHA we really learned a lot! I still think it has potential as a side hustle, but definitely time and labor heavy
Very informative video 👍🏾👍🏾
Hmmm. Very interesting! I'm in the UK, so different, but possibly the same obstacles.
Thanks for your honest video.
You've said that it's all up to the location, so why not simply relocate the machine?
Exactly
that’s what i’m wondering too?
From what I gathered, once they realized the amount of work they would have to put in to maintain their vending machine, they lost interest because it didn't meet their passive income and time expectations.
Do I have to pay for where I am placing it? Example putting it in an apartment building? Or it depends on the landlord/company?
It depends on what you agreement you come to with the owner! It’s usual to give a 10% - 20% commission on monthly sales to the landlord/company. But I’ve heard that some places will let you put a machine in with no commission, just because they want their customers to have more access to snacks/drinks!
Cool videos I have respect for you guys for being honest! And thank you for your information if you can I would like to hear more about your other business journey reach out to me . Because I’m going to try the vending machines with my 15 year old son to teach himself how to be independent. And you guys seem to be humble!
Damn bro u really opened my mind to this,thanks bro 💯
I’m glad it was helpful!!
I bet a snack machine in a dispensary would do good business lol
LOL IT PROBABLY WOULD
Would you recommend purchasing vending machines with the routes already including?
the start up costs would be higher, but you would also be more guaranteed to make income right away. if you can find a good deal, I say go for it!
Consider this, today I went to buy an egg breakfast sandwich from the vending machine at work. The item got stuck so I shook the machine, and it finally came out. But later somebody at work mentioned the machine was emitting a burning smell, then later it flat out stopped working. I assume it might very well have had to do with my shaking the machine. So, what I’m getting forth at is the fact that the machine might get damaged, become nonfunctional/incapacitated and you’ll have to pay to fix it
Thanks man i learnes from u you gave me ur experience