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Hey Reyes I bot a old school soda machine I got it for $50 Dollar's because of your videos, It's to old to use for a business But I love having it in my garage.
I started my vending business after watching your first candy machine videos. After about 6 months, I have 1 soda machine, 1 vending, and 1 candy and their making me about 150-200 dollars a month. It’s a great for extra passive income 👍
I worked as a vending technician and installation expert in the MD/DC metropolitan area for 16yrs. Most of this guy's information is on point. For example, his points about service calls for broken machine issues is on point. I mean, I worked for a company that paid me a full salary just to drive around all day fixing their machines. So yeah, having a working knowledge of how each machine works (models are all different even within the same brand such as Dixie Narco) is key. If you don't know how to fix a machine or someone that can, you're screwed. I used to do calls for other companies that had no service tech and got a min of $50/hr to fix their stuff. The other issues are: Machines are heavy and if you do not have the proper truck (with lock-down slots for moving straps) and lift, dollies (like safe dollies), and other people to help you move the machine in and out of buildings, down hallways, around corners, and on and off the truck, you cant install or remove the machine. Finally, the profit margin is very small. We are talking like less than 4% for a decent size operation. Finally, you have to have a bunch of extra money. Why? Because you need bill validators and coin changers. Not all machines come with those and these pieces of equip. are expensive. Plus, you need coins to fill your coin changers otherwise your machine won't work. You could easily need over $100 in coins in each machine just to get it in operational status. No coins in the changer = no working machine because it will automatically shut itself down because it cant make proper change on sales. This doesn't even mention the fact that in today's world of technology, people want to use credit cards and phones to pay for stuff. Once you start talking about cashless systems that is another ball of wax. You will have to invest in credit card and phone readers and telemetry units and pay a company monthly to collect your digital currency. I left the vending business in 2017 because it is dying.
My time in the vending business was as a route driver for vending companies. I enjoyed the work tremendously and looked forward to going to work every day. I used to fill vending machines in my dreams while sleeping. On the right route, with enough hard work and hustle, the weekly pay can be fantastic. My take-home pay in the early 2000's used to be $850 to $950 per week. I was lucky to get routes that had steady weekly income instead of some routes where the pay fluctuated a lot due to seasonality or whatever. I only left the vending business because I got injured in a truck crash. I should have gone back after I recovered but didn't. The years I was in the business, prices from vending machines were very reasonable -- 65 cent candy bars, 50 cent bags of chips, 75 cent cans of soda, 50 cent cartons of milk, fresh sandwiches for $2.50 and fresh bagels for 70 cents. Today, the prices of vending machines are so high as to be embarrassing -- I would be ashamed of trying to peddle candy bars for $1.50 and bottled drinks for $2.50. I was in the business long enough to know how to do all the minor fixes and repairs myself, so any vending mechanics that covered my route loved me -- I only ever called in serious service calls. I was so good at filling machines that customer refund requests were less than $2.00 a week for my entire route and because of this, my company never lost an account because I did a poor job and actually was successful at signing many major locations to 5 year contracts instead of 1 or 2 year agreements. I was NOT the best vending route driver out there -- I broke many company rules and was regularly in trouble. But, most of my rule breaking was overlooked since the amount of money I brought in each week only increased month to month. On my last route, I was consistently the second most profitable driver out of over 60 other route drivers at that company location. The trend now is instead of banks of 10 or 12 vending machines, is called Micro-markets with products in unlocked coolers and open shelves full of products and one single payment kiosk that collects the money due all at one time. This means customers only have to make ONE payment after selecting their products and it means no more separate machines with their own coin mechs and bill acceptors to keep in working order. So, it's a better shopping experience for customers, but it all comes at higher prices for products (to cover shrinkage and theft). And if that ONE payment kiosk fails, nobody can buy anything.
when restocking your machines check the expiration dates on the products and put the ones that expire first in the front that way they buy them and you don't loss that product
Excellent video!! Been in the business 6 years and you hit all the major points accurately!! Especially the healthy vending... that’s how I was sucked in and quickly learned it’s a joke! You have to sell what sells...and for me, it ain’t veggie chips!
There is no way to lose with vending when your location is thriving and you have the right merchandise retailer. There no way to avoid profit. I have a snack shop without the machines in a thriving location. candy bars, chips, sodas (bottles/cans), pickles, cookies (oreos vanilla/chocolate, famous amos chocolate chip) other candy. There's big profit in this business. Like I said, having the right location and the right discount retailer. You can't lose.
The ways to improve vending machine sales is to place them in areas that make your products easily accessible to the people who need them. Since the newest machines will offer use of Apple Pay and Android Pay, all you need to have is your phone, or just your credit/debit card. Another consideration when looking for ways to improve vending machine sales is to place them in areas that make your products easily accessible to the people who need them. Schools, malls, airport lounges, bus stations and subway platforms are high traffic areas that are prime locations for vending machines.
@@romanixchrome the city will probably steal your shit, but bolt it to the ground or chain lock it too something solid. Use a cheap old machine because this is a high risk high reward type method lol
I have over 20 vending machines, bring me in about 50k a year, the hardest part is indeed finding the location. The second hardest is making sure the machines run how they are supposed to. So many problems I face every time i go for maintenance.
20 machines aren't going to give you 50K/year what kind of planet are you living in where you're making more than an employee per month off of vending machines?
@@bitcodelabs4660 idk how you want me to prove it lmao, but ight. Never said it was profit either. It is 100 percent possible, my locations are hella busy.
@@josuechavez2070 I agree they’re trippin you can make about $300 a month just off of one machine if it’s in a busy location. Multiply that by 20 and you have $6000 just to give an example.
vandalism, theft ,vending machine repair , commissions to the location monthly, competition from other vendors.....tell the truth about the downside of vending
Vandalism is the worst thing that happen to me. They tipped one of my machines over and on another one they kicked the selection buttons in. It was no fun being in the vending business I can tell you that.
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I don't laugh easy these days. But watching him take the time to film dropping dust into his wallet actually made a laugh come to me. Where are the vending machines that didn't work? Outside making dust in his sleep. Gorgeous, man.
It just seems as though you didn't think things through in the most productive way. I get the feeling that you thought it would be easy , but starting any business has never easy. It's like you did everything the hard way. Yes , I am a vending machine business , entrepreneur myself so I understand exactly what it's like purchasing machines, replenishing, moving my machines. My day to day experience is nothing like yours. Thank God!
You know how in Japan they got vending machines everywhere and even have a restaurant just filled with vending machines. I wonder you ever think instead of looking for locations, you stock up on one location and make it a tourist attraction via social media. Have one spot be the cornerstone of unique machines that let people shop and eat with no one but machines.
1.In regards to startup cost, a vending machine has a low startup cost. 2. It's about location primarily, and what's necessarily to meet the demand. 3. How much labor and time are required to maintain it. 4. How much commission do you have to pay to maintain the location
A couple of things never lay a soda machine on its side or back to deliver it deliver it upright if you don’t have a pickup with a lift or sides rent one or hire professional vending machine movers to do the back breaking job! Also make sure that they are insured because there will be accidents such as gouged walls or messed up carpeting or wood flooring. If you can’t afford movers and have to deliver it laying down make sure you don’t plug the machine in until it stands upright as long as it was on its side this allows the refrigerant and oil to settle back you don’t want the oil and the refrigerant to mix! Never deliver a machine of any kind fully or even partially loaded you are asking for trouble especially with a soda machine! I’m taking from experience of 30+ years of working for Green and White and Red White and Blue and self employed with snack route!
Hey Reyes, great video bro. I just bought my first two machines and I'm going to watch all your videos as I got some great advice from you already. Thanks man!
But Reyes, You should start checking all that change for silver. 😀👊Hold onto anything pre 1964. Its a fun hobby man and silver is going up. Cool video bro.
Great video keep up the awesome work you do. We have been in the vending business for 13 years now and it Not all money it working hard and satisfying your clients.
got 2 minutes in and needed to say, would you buy a car without test driving it first? who spends $1000 on machinery without making sure it works? that’s just a mistake on a fundamental level it has nothing to do with the business being bad.
Thank you so much for giving a realistic review of the business. I am planning to move to the UK or the US next year for my studies and I was thinking of getting myself into this business and my job and studies. I needed to know the cons as well and honestly, all the other RUclipsrs are just stuck to the pros.
I started watching your videos today, and went ahead and subscribed. I might be picking up my first snack/soda machine combo in a couple of days and will be putting it in my other business that is currently losing money by offering free sodas that we routinely pour out at the end if the day. Hopefully this solves several of my problems at once. Thanks for your honest and upbeat takes on this business.
Here on Mexico we don't need bending machines cuz theres those "independent mini marts" named "Abarrotes" and those sells exactly the same things as that or even better stuff that can't fit on one bending machine
Hi, Gary here. In my experiences don't buy used machines (pop machines) unless they are 5 years old or less. I wish I had started with new machines. I had too many breakdowns and machines being broke down to long. Lost to much money on repairs. And when you do buy stay with only one brand of machine.
Vending massage chair has the fastest ROI because there are little maintenance cost and unlike other vending machines, you don't have to refill the machine product.
Love your video man some good advice....reminds me when I was in the arcade vending business! Good passive income while working full time but it’s definitely on call!
Watch the video... a lot of great extra information I don't list here, but for those wanting a summary of the info you can use for your notes, here ya go... Vending Machines Pros and Cons PROS… - Easy to start up (if you have the money) - Semi-passive income (you still have to deal w/repairs immediately, check on machines to take inventory of what needs to be refilled, and buy and re-stock product) - No contracts w/location owners/managers (but they could request it) - It’s a waiting game… takes a while to earn back your initial investment and make profit CONS… - A good machine is expensive (buy only refurbished w/warranty, not merely used!) - Hard to move - On-call (you have to deal w/repairs immediately, check on machines to take inventory of what needs to be refilled, and buy and re-stock product) - Finding a good location that makes $$ - It’s a waiting game… takes a while to earn back your initial investment and make profit TIPS… - Buy refurbished w/warranty (costs more, but worth it) - Find and secure a location first and have the vending machine seller ship and set up the machine in the location for you so you don’t have to mess with all that - Keep it simple… stick to chips, chocolates, and other candies (avoid “healthy” snacks… they don’t sell) - Do whatever you can to reach out to people to find and secure good locations even if it means knocking on business doors - To start with a super low investment, consider “honor box” vending
Something that I'd like to note, as I just started my vending business and got my first location last weekend. I don't have a business license, just like he said in the video, because I have no idea if this will grow enough to make it worth it; before you get a license, first, you have to register an LLC. This isn't super cheap. Then you need the business license. And then after that, you'll probably need a vendor's license as well either through your state, your county, or the city you plan to place the machine(s) in. Then insurance as well. And if you're doing full line vending, you'll probably need a food service license. This all adds up to a lot, and many of them need renewed yearly, too. Like he said, don't do it until you have a good number of locations and you know this is what you want to do. BUT DEFINITELY DO PAY YOUR TAXES REGARDLESS! Don't mess with the IRS. It's one thing to get caught without the proper paperwork to run a vending business, and first offense is likely to be a slap on the wrist and worst case a small fine (which is unlikely). Mess with the IRS though and you could find yourself in jail. So definitely do NOT skip out on paying your taxes.
I can’t believe people were giving you crap about your corniness! I followed you because I love your corny humor. It’s witty and fresh. People take these kind of videos too seriously and make them boring to watch. Keep it up!
Wow, I've done that. Didn't have the large machines, but the gumball types. My best location was an ACE Hardware. Yes, it can be "passive" when they don't need constant attention.
What you should do is rent the machines out. So what you do is you rent out machines to the council, for example, and charge roughly £200/month rental on the machine. You could do a stocked package, where the machine is stocked, or you could do a machine only package where you only supply and service the machine, and the client supplies the stock.
Dude your hilarious😂 Funniest bussiness education video ive ever seen. Im starting my vending machine company. Having trouble getting my first location. Ill get there though🔥. Leaving this video inspired and ready
I just picked up my last three pop machines out of their locations 11/05/2020, I only had six machines. I'm now officially out of the vending business. I made a lot of mistakes in buying used pop machines. I got two off the internet and they were 15 years old or more and pure junk. I got another three from a vending repair shop, they were about 10 years old and they weren't much better. I got my first pop machine from a vending machine distributor witch turned out to be my best investment. Of course it was under 5 years old . if I had to do it all over again, I would only buy new machines. Remember when you are buying a used machine, Someone is selling that machine for a reason. Good luck to all.
I was in the vending machine business for many years with 2 different companies. We had thousands of soda machines in the field that ranged from brand new to 40 years old. Working for a vending company means there are dedicated mechanics to repair the machines and those guys can keep your 40 year old machine working great. Some of my favorite machines were the older ones that had higher capacity but fewer selections -- like the ones with a giant 6 x 6 inch Coke Button and five other smaller buttons. By far, the best modern machines (since 1990) are Dixie-Narco. Any other brand of machine is crap, in my opinion. I will be happy to have a Vendo machine from 1986 but not one from 2006, for example. One thing to learn is the capacity of different soda machines. They can vary from a tiny 240 can unit up to 600 cans. Many slow locations can get along fine with mid-sized machines and sometimes, a large machine doesn't need to be stocked to full capacity. Sometimes, a large machine at a slow location means you only have to refill it once a month, rather than every week, if you can find the right combination of flavors that sell best from that machine (Diet Dr. Pepper instead of Diet Sprite or Root Beer, for example). I serviced a Coke machine in a building full of Asian students. I found that Nestea sold so well, that eventually more than HALF of the machine was filled with Nestea and regular Coke was way down at the 4th button. Each time I restocked, It took 6 to 8 cases of Nestea versus only 2 cases of Coke. Right beside it was the candy machine, and I found that TWIX was so damn popular that I ended up having SIX rows of Twix bars (3 boxes of 36 bars each) every time I filled the machine. After inspection by my boss, I explained the situation and I was allowed to continue. I had a factory location for years that got daily service. One particular machine in the factory, I used to stock FIVE Rows with plain potato chips and only 3 or 4 single bags of Doritos. And they sold out EVERY DAY. And they never bought Pop-Tarts, but would buy 30 Hostess Apple Pies every day. The average worker there was 50 year old men who didn't eat Doritos or Pop-Tarts. I got written up constantly for not following plan-o-gram in that machine but I didn't care -- sales were thru the roof every day. Once, I took over a high-class (expensive) hotel account from another route driver which had a 20-oz Coke and a 20-oz Pepsi machine on every floor of the hotel. The Coke machines were fine as they were stocked with many flavors with no duplicates, but the Pepsi machines (9 selection units) had 3 columns each for Pepsi, Diet Pepsi, and Mtn Dew. When I took over, all of the sodas in the 2nd and 3rd duplicate columns were long expired, so each week, I moved them to the first columns to sell them out and I never refilled those duplicate columns. When I was done with the change-over, each Pepsi machine had 4 selections (I added Aquafina Water) and the rest of the buttons were blank white labels and the columns were EMPTY. After that, sales from the Pepsi machines nearly doubled (no more expired sodas). When my boss did an inspection and wrote me up for half-empty machines, I explained the whole story and told him to check the sales history since I took over. In the end, he was impressed and I was allowed to leave the machines like that. Sure, I could have offered more flavors, but that would have diluted the strong sales from the Coke machines and I was able to maximize sales in the Pepsi machines with only 4 selections which sold well. Working for big vending companies often means following a plan-o-gram for candy machines as well as soda machines and I regularly got into trouble for NOT following them if I discovered specific products that sold well or didn't sell at all. But I can tell you that after only 6 months on this one route, I had nearly DOUBLED the sales of the previous route driver and, out of more than 40 vending routes at the company, MY route became the #2 route for high sales nearly every week and I was earning more income than my bosses and more money than any other route driver except one and I had been with the company less than a year at that point. After about 4 years there, I got fired when all of these tiny infractions against company policy made their way to the big bosses in the big office. Yet, 6 months later, my phone rang with my bosses BEGGING me to come back and take over that route again. I gladly did that (I should have negotiated a higher pay rate) and I might still be there today if I had not been involved in a major truck wreck that left me with permanent injuries. After I went back on that route I reconfigured the machines to make the big bucks and my bosses had my back and I was never hassled again for not following plan-o-gram. I even got the warehouse boss to special order products just for me to make my customers happy.
You need to plan ahead of time. You need to put in a lot of work and a lot of money into it. You need to keep reinvesting that money back into the business. Pay attention to important things that you need. Like a dolly, a trailer, a storage shed, inventory, maintenance and taxes. I’d say, you need to have about 35 machines to make good money on this vending machine business. Watch out with how you spend your money. Don’t be stupid and blow all your money. Think of your business expenses ahead of time. Invest in a credit card readers/POS system with real time alerts. You’re not going to get super rich fast but you have a potential chance to make a good amount of money. You have to play it smart and be patient. It could take 3-5 years to see your business expand and finally start spitting out profit.
Me and my six kids are thinking about starting a vending machine buisness to teach them and start there own buisness and all profits will go into their individual savings account help us out reyes
Luv u, Reyes! U tell it like it is. You've come a loooong way! Been following u for a few years, now... seen ur ups & downs but u always landed on ur feet. Good for u!🤑
I haven't dug entirely into it, but you probably can't operate as a contractor until you log several years as an employed tech. Seemed to me that was the legality in quite a few states on it. And I think he's in California which is the capitol of backwards laws in those regards so it would likely be the case.
not vending machines some do but for the little money its not worth the time. Sometimes you will run into a great location and someone at the company bought his own machines and put them in. its more common with an ATM machine though.
I'm a casual RUclips video viewer. And your healthy snacks fiasco story reminds me of my high school junior year which began in fall 1980. Fort Worth ISD decided to replace all sodas with healthy drinks in the campus vending machines. I don't remember buying any, and this idea must have gone over like a lead balloon, because when my senior year began in fall 1981, the sodas were back! 😆😆😆 I did use the machines again then! 👍
thats a great idea! vending machine that sells marijuana joints, dime bags, and philly blunts i would definitely by one dimebag every week so much easier than constantly paging my dealer! aaannndd - vending machines cant be arrested by police or get chainsawed in motel bathrooms by columbian drug dealers like in Scarface
The reason people in vending machine business don't make consistent money is because they sell too much junk food. Why not give customers more value, like Kinder Bueno, and Kit Kat chocolate, Hazelunt chocolate, or even Ramen soup, the dried ramen soup ! you know items that make more sense to the taste buds. Also, did you know there's other types of vending machines like Burrito Box that sells..burritos ?
If you dare to open vending machine at fitness club, you gotta make option of protein bar/ standard juices. Junk foods are not allowed on for certain standard.
Berry usefull information my friend thank you 😅😄 time is nothing to me money I’m learning as I can save and save to spend is also nothing I’m willing to work for this hustle!
Subscribe and comment to Dominicks Barbato's video here: ruclips.net/video/15gTvbH79e0/видео.html
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Reyes I want order 50 shirt how we get in contact
@@JorgeLopez-bm8mz send me an email with your design to reyestheentrepreneur@yahoo.com
What happens to the inflatable business?
K thanks fr the reply
Hey Reyes I bot a old school soda machine I got it for $50 Dollar's because of your videos,
It's to old to use for a business But I love having it in my garage.
I started my vending business after watching your first candy machine videos. After about 6 months, I have 1 soda machine, 1 vending, and 1 candy and their making me about 150-200 dollars a month. It’s a great for extra passive income 👍
Do you think this business is worth all the work?
@@ShriKanase you eventually expand after a while...
@@ShriKanase there are way better businesses out there that require less work and higher profit. you just gotta do some research
@@iiTzInFeRNaL what you got in mind
@@iiTzInFeRNaL Like what?
This guy is nothing but positive energy and a great person from what I can tell. Keep grinding Reyes ✊🏽
Thank you :)
He's that dude that's in the family pictures that everyone has a story about and loves.
I worked as a vending technician and installation expert in the MD/DC metropolitan area for 16yrs. Most of this guy's information is on point. For example, his points about service calls for broken machine issues is on point. I mean, I worked for a company that paid me a full salary just to drive around all day fixing their machines. So yeah, having a working knowledge of how each machine works (models are all different even within the same brand such as Dixie Narco) is key. If you don't know how to fix a machine or someone that can, you're screwed. I used to do calls for other companies that had no service tech and got a min of $50/hr to fix their stuff. The other issues are: Machines are heavy and if you do not have the proper truck (with lock-down slots for moving straps) and lift, dollies (like safe dollies), and other people to help you move the machine in and out of buildings, down hallways, around corners, and on and off the truck, you cant install or remove the machine. Finally, the profit margin is very small. We are talking like less than 4% for a decent size operation. Finally, you have to have a bunch of extra money. Why? Because you need bill validators and coin changers. Not all machines come with those and these pieces of equip. are expensive. Plus, you need coins to fill your coin changers otherwise your machine won't work. You could easily need over $100 in coins in each machine just to get it in operational status. No coins in the changer = no working machine because it will automatically shut itself down because it cant make proper change on sales. This doesn't even mention the fact that in today's world of technology, people want to use credit cards and phones to pay for stuff. Once you start talking about cashless systems that is another ball of wax. You will have to invest in credit card and phone readers and telemetry units and pay a company monthly to collect your digital currency. I left the vending business in 2017 because it is dying.
My time in the vending business was as a route driver for vending companies. I enjoyed the work tremendously and looked forward to going to work every day. I used to fill vending machines in my dreams while sleeping. On the right route, with enough hard work and hustle, the weekly pay can be fantastic. My take-home pay in the early 2000's used to be $850 to $950 per week. I was lucky to get routes that had steady weekly income instead of some routes where the pay fluctuated a lot due to seasonality or whatever.
I only left the vending business because I got injured in a truck crash. I should have gone back after I recovered but didn't. The years I was in the business, prices from vending machines were very reasonable -- 65 cent candy bars, 50 cent bags of chips, 75 cent cans of soda, 50 cent cartons of milk, fresh sandwiches for $2.50 and fresh bagels for 70 cents. Today, the prices of vending machines are so high as to be embarrassing -- I would be ashamed of trying to peddle candy bars for $1.50 and bottled drinks for $2.50.
I was in the business long enough to know how to do all the minor fixes and repairs myself, so any vending mechanics that covered my route loved me -- I only ever called in serious service calls. I was so good at filling machines that customer refund requests were less than $2.00 a week for my entire route and because of this, my company never lost an account because I did a poor job and actually was successful at signing many major locations to 5 year contracts instead of 1 or 2 year agreements.
I was NOT the best vending route driver out there -- I broke many company rules and was regularly in trouble. But, most of my rule breaking was overlooked since the amount of money I brought in each week only increased month to month. On my last route, I was consistently the second most profitable driver out of over 60 other route drivers at that company location.
The trend now is instead of banks of 10 or 12 vending machines, is called Micro-markets with products in unlocked coolers and open shelves full of products and one single payment kiosk that collects the money due all at one time. This means customers only have to make ONE payment after selecting their products and it means no more separate machines with their own coin mechs and bill acceptors to keep in working order. So, it's a better shopping experience for customers, but it all comes at higher prices for products (to cover shrinkage and theft). And if that ONE payment kiosk fails, nobody can buy anything.
Idk why tf I clicked, I don’t have any intention of going into vending but now I know what to do and not to do if I did. It’s 6 am ppl send halp
Halp is on the way!
Send help 😂
That's youtube baby
Did help ever show up????
when restocking your machines check the expiration dates on the products and put the ones that expire first in the front that way they buy them and you don't loss that product
Excellent video!! Been in the business 6 years and you hit all the major points accurately!! Especially the healthy vending... that’s how I was sucked in and quickly learned it’s a joke! You have to sell what sells...and for me, it ain’t veggie chips!
There is no way to lose with vending when your location is thriving and you have the right merchandise retailer. There no way to avoid profit. I have a snack shop without the machines in a thriving location. candy bars, chips, sodas (bottles/cans), pickles, cookies (oreos vanilla/chocolate, famous amos chocolate chip) other candy. There's big profit in this business. Like I said, having the right location and the right discount retailer. You can't lose.
The ways to improve vending machine sales is to place them in areas that make your products easily accessible to the people who need them. Since the newest machines will offer use of Apple Pay and Android Pay, all you need to have is your phone, or just your credit/debit card. Another consideration when looking for ways to improve vending machine sales is to place them in areas that make your products easily accessible to the people who need them. Schools, malls, airport lounges, bus stations and subway platforms are high traffic areas that are prime locations for vending machines.
@@josephwilliam7930 you can put vending machines in the subway?
@@romanixchrome the city will probably steal your shit, but bolt it to the ground or chain lock it too something solid. Use a cheap old machine because this is a high risk high reward type method lol
@@ExploreCal209 what do you mean by this?
What locations have you found are best and how did negotations go to place there?
I have over 20 vending machines, bring me in about 50k a year, the hardest part is indeed finding the location. The second hardest is making sure the machines run how they are supposed to. So many problems I face every time i go for maintenance.
20 machines aren't going to give you 50K/year what kind of planet are you living in where you're making more than an employee per month off of vending machines?
Not even Malls and large commercial centers that make money on vending machines make 50K 😳👎
@@bitcodelabs4660 lmao yes you can ? I make about 1200 a week with my machines ??
@@bitcodelabs4660 idk how you want me to prove it lmao, but ight. Never said it was profit either. It is 100 percent possible, my locations are hella busy.
@@josuechavez2070 I agree they’re trippin you can make about $300 a month just off of one machine if it’s in a busy location. Multiply that by 20 and you have $6000 just to give an example.
Reyes, have you considered putting some kind of suggestion box by your vending machines so you know more about snacks and drinks that are in demand?
Never sit it on its back, always ship the machine standing. The 2 you bought probably worked until you laid them down and burnt up the compressor.
If you do have to lay it down. Let it sit upright for a few days before turning it on . This will let the oil come back down the tubes.
vandalism, theft ,vending machine repair , commissions to the location monthly, competition from other vendors.....tell the truth about the downside of vending
No way this guys made any profit outside of youtube.
Choose secure locations. Tighten up your marketing so locations call you, and you don't have to pay commissions; they just want your service.
@Angel Ramirez Preach
Vandalism is the worst thing that happen to me. They tipped one of my machines over and on another one they kicked the selection buttons in. It was no fun being in the vending business I can tell you that.
True
"My double chin can tell you about that" that got me dead fam 😂
Lmao me too 🤣
The way he flicked it too LMAOO 💀
I'm not even trying to start a vending machine business, but your personality kept me watching the entire video.
Much love bro. Keep the vids coming!
Of course
I know this is an old video, but I want to thank you for sparking that business inspiration in me.
How has it gone for you?
I gave you a like because I enjoyed the joke about the dust in your wallet lol
Haha thanks
NavajoSpark haha I liked the video because of what he said about asking his double chin what happened to the healthy chips.
Same
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I don't laugh easy these days. But watching him take the time to film dropping dust into his wallet actually made a laugh come to me. Where are the vending machines that didn't work? Outside making dust in his sleep. Gorgeous, man.
Hey Reyes just wanted to say I appreciate you and all your Free99 knowledge!
Thanks :) appreciate you watching
Once o got over how dramatic you are. I started to enjoy your personality & actually laughed a lot. Keep it up brother.
It just seems as though you didn't think things through in the most productive way. I get the feeling that you thought it would be easy , but starting any business has never easy. It's like you did everything the hard way. Yes , I am a vending machine business , entrepreneur myself so I understand exactly what it's like purchasing machines, replenishing, moving my machines. My day to day experience is nothing like yours. Thank God!
You know how in Japan they got vending machines everywhere and even have a restaurant just filled with vending machines. I wonder you ever think instead of looking for locations, you stock up on one location and make it a tourist attraction via social media. Have one spot be the cornerstone of unique machines that let people shop and eat with no one but machines.
That sounds pretty cool
Stupid. Wont last more than 6 months after ppl get bored and realize they’re getting shit quality food
Plus there need to be upkeep. Whose cleaning the floors? Windows? Security? Malfunctions when customers dont get what they want?
This just feels like cyberpunk 2077...
1.In regards to startup cost, a vending machine has a low startup cost.
2. It's about location primarily, and what's necessarily to meet the demand.
3. How much labor and time are required to maintain it.
4. How much commission do you have to pay to maintain the location
A couple of things never lay a soda machine on its side or back to deliver it deliver it upright if you don’t have a pickup with a lift or sides rent one or hire professional vending machine movers to do the back breaking job! Also make sure that they are insured because there will be accidents such as gouged walls or messed up carpeting or wood flooring. If you can’t afford movers and have to deliver it laying down make sure you don’t plug the machine in until it stands upright as long as it was on its side this allows the refrigerant and oil to settle back you don’t want the oil and the refrigerant to mix! Never deliver a machine of any kind fully or even partially loaded you are asking for trouble especially with a soda machine!
I’m taking from experience of 30+ years of working for Green and White and Red White and Blue and self employed with snack route!
I love watching your video’s. You’ve been inspiring me for the longest 😁 keep up the hustles 💯🔥
Hey Reyes, great video bro. I just bought my first two machines and I'm going to watch all your videos as I got some great advice from you already. Thanks man!
But Reyes, You should start checking all that change for silver. 😀👊Hold onto anything pre 1964. Its a fun hobby man and silver is going up. Cool video bro.
Great video keep up the awesome work you do. We have been in the vending business for 13 years now and it Not all money it working hard and satisfying your clients.
You have a great attitude.
You have convinced me there’s no way I’m doing this business.
got 2 minutes in and needed to say, would you buy a car without test driving it first? who spends $1000 on machinery without making sure it works? that’s just a mistake on a fundamental level it has nothing to do with the business being bad.
Just bought my first gumball machine to start and are going to get my first location on Saturday
Congratulations :)
How's it going? Made some money yet? Would love to hear!
YourBoyBrody you still got it mate? Let us know ya story 🙂
These videos have been great! My cousin and I are hoping to get into the vending business and it's great to see your highs and lows.
Thank you so much for giving a realistic review of the business. I am planning to move to the UK or the US next year for my studies and I was thinking of getting myself into this business and my job and studies. I needed to know the cons as well and honestly, all the other RUclipsrs are just stuck to the pros.
Starting the day off right with free99 Reyes videos
I started watching your videos today, and went ahead and subscribed. I might be picking up my first snack/soda machine combo in a couple of days and will be putting it in my other business that is currently losing money by offering free sodas that we routinely pour out at the end if the day. Hopefully this solves several of my problems at once.
Thanks for your honest and upbeat takes on this business.
Hows the business going
Here on Mexico we don't need bending machines cuz theres those "independent mini marts" named "Abarrotes" and those sells exactly the same things as that or even better stuff that can't fit on one bending machine
Thanks for giving actual specifics on how you got your locations and such.
I have someone here in Vegas that has a warehouse full of machines so I’m able to rely on him if I ever need a machine
Hi, Gary here. In my experiences don't buy used machines (pop machines) unless they are 5 years old or less. I wish I had started with new machines. I had too many breakdowns and machines being broke down to long. Lost to much money on repairs. And when you do buy stay with only one brand of machine.
"Making me dust...while I sleep"
I know!😅 I made a comment above I'll make it again. I don't laugh easy days but that made it for me
Vending massage chair has the fastest ROI because there are little maintenance cost and unlike other vending machines, you don't have to refill the machine product.
Dude great video. I love how you talked to the beat of the music. Very comprehensive video thank you
Love your video man some good advice....reminds me when I was in the arcade vending business! Good passive income while working full time but it’s definitely on call!
Why did you give up?
Let's go Reyes! With that Free '99 knowledge!
Used to have 86 machines with 25 locations. I am glad I sold it all!
I worked for a small vending company for 4 years. Kind of rough and location is by far the most important part.
You lean well.This is why I mostly like doing candy machines.
One of the best vids I've ever seen, the most clear and real guy ever
If you buy from Costco you can return the products you don’t sell
I feel that in a hospital you will lucrate a lot. Because aways when i go/went to the hospital i had this weird plesure using the machine
Watch the video... a lot of great extra information I don't list here, but for those wanting a summary of the info you can use for your notes, here ya go...
Vending Machines Pros and Cons
PROS…
- Easy to start up (if you have the money)
- Semi-passive income (you still have to deal w/repairs immediately, check on machines to take inventory of what needs to be refilled, and buy and re-stock product)
- No contracts w/location owners/managers (but they could request it)
- It’s a waiting game… takes a while to earn back your initial investment and make profit
CONS…
- A good machine is expensive (buy only refurbished w/warranty, not merely used!)
- Hard to move
- On-call (you have to deal w/repairs immediately, check on machines to take inventory of what needs to be refilled, and buy and re-stock product)
- Finding a good location that makes $$
- It’s a waiting game… takes a while to earn back your initial investment and make profit
TIPS…
- Buy refurbished w/warranty (costs more, but worth it)
- Find and secure a location first and have the vending machine seller ship and set up the machine in the location for you so you don’t have to mess with all that
- Keep it simple… stick to chips, chocolates, and other candies (avoid “healthy” snacks… they don’t sell)
- Do whatever you can to reach out to people to find and secure good locations even if it means knocking on business doors
- To start with a super low investment, consider “honor box” vending
He included in the list, “use pigeons” 😂 😂
Something that I'd like to note, as I just started my vending business and got my first location last weekend. I don't have a business license, just like he said in the video, because I have no idea if this will grow enough to make it worth it; before you get a license, first, you have to register an LLC. This isn't super cheap. Then you need the business license. And then after that, you'll probably need a vendor's license as well either through your state, your county, or the city you plan to place the machine(s) in. Then insurance as well. And if you're doing full line vending, you'll probably need a food service license. This all adds up to a lot, and many of them need renewed yearly, too. Like he said, don't do it until you have a good number of locations and you know this is what you want to do. BUT DEFINITELY DO PAY YOUR TAXES REGARDLESS! Don't mess with the IRS. It's one thing to get caught without the proper paperwork to run a vending business, and first offense is likely to be a slap on the wrist and worst case a small fine (which is unlikely). Mess with the IRS though and you could find yourself in jail. So definitely do NOT skip out on paying your taxes.
Omg.
Hows it going
Make a video on how much a hypebeast makes in a day, retailing and reselling shoes, how to tell when a shoe drop is coming and all that good stuff
Great video bro! I love your channel.. respect your hustle!! Thank you
Getting my first machine this week! Excited
I can’t believe people were giving you crap about your corniness! I followed you because I love your corny humor. It’s witty and fresh. People take these kind of videos too seriously and make them boring to watch. Keep it up!
Wow, I've done that. Didn't have the large machines, but the gumball types. My best location was an ACE Hardware. Yes, it can be "passive" when they don't need constant attention.
Question how do Vending machine businesses pay other people to restock and collect money from Machines while trusting that they won’t steal any?
In Japan there is 1 vending machine for every 26 people.
What you should do is rent the machines out. So what you do is you rent out machines to the council, for example, and charge roughly £200/month rental on the machine. You could do a stocked package, where the machine is stocked, or you could do a machine only package where you only supply and service the machine, and the client supplies the stock.
Iamthestig1,
True but they can be very picky.
Regards
Funfair rentals
Love your attitude man.
Dude your hilarious😂 Funniest bussiness education video ive ever seen. Im starting my vending machine company. Having trouble getting my first location. Ill get there though🔥. Leaving this video inspired and ready
Thanks for this post so informational !!
I just picked up my last three pop machines out of their locations 11/05/2020, I only had six machines. I'm now officially out of the vending business. I made a lot of mistakes in buying used pop machines. I got two off the internet and they were 15 years old or more and pure junk. I got another three from a vending repair shop, they were about 10 years old and they weren't much better. I got my first pop machine from a vending machine distributor witch turned out to be my best investment. Of course it was under 5 years old . if I had to do it all over again, I would only buy new machines. Remember when you are buying a used machine, Someone is selling that machine for a reason. Good luck to all.
I was in the vending machine business for many years with 2 different companies. We had thousands of soda machines in the field that ranged from brand new to 40 years old. Working for a vending company means there are dedicated mechanics to repair the machines and those guys can keep your 40 year old machine working great. Some of my favorite machines were the older ones that had higher capacity but fewer selections -- like the ones with a giant 6 x 6 inch Coke Button and five other smaller buttons.
By far, the best modern machines (since 1990) are Dixie-Narco. Any other brand of machine is crap, in my opinion. I will be happy to have a Vendo machine from 1986 but not one from 2006, for example.
One thing to learn is the capacity of different soda machines. They can vary from a tiny 240 can unit up to 600 cans. Many slow locations can get along fine with mid-sized machines and sometimes, a large machine doesn't need to be stocked to full capacity. Sometimes, a large machine at a slow location means you only have to refill it once a month, rather than every week, if you can find the right combination of flavors that sell best from that machine (Diet Dr. Pepper instead of Diet Sprite or Root Beer, for example).
I serviced a Coke machine in a building full of Asian students. I found that Nestea sold so well, that eventually more than HALF of the machine was filled with Nestea and regular Coke was way down at the 4th button. Each time I restocked, It took 6 to 8 cases of Nestea versus only 2 cases of Coke. Right beside it was the candy machine, and I found that TWIX was so damn popular that I ended up having SIX rows of Twix bars (3 boxes of 36 bars each) every time I filled the machine. After inspection by my boss, I explained the situation and I was allowed to continue.
I had a factory location for years that got daily service. One particular machine in the factory, I used to stock FIVE Rows with plain potato chips and only 3 or 4 single bags of Doritos. And they sold out EVERY DAY. And they never bought Pop-Tarts, but would buy 30 Hostess Apple Pies every day. The average worker there was 50 year old men who didn't eat Doritos or Pop-Tarts. I got written up constantly for not following plan-o-gram in that machine but I didn't care -- sales were thru the roof every day.
Once, I took over a high-class (expensive) hotel account from another route driver which had a 20-oz Coke and a 20-oz Pepsi machine on every floor of the hotel. The Coke machines were fine as they were stocked with many flavors with no duplicates, but the Pepsi machines (9 selection units) had 3 columns each for Pepsi, Diet Pepsi, and Mtn Dew. When I took over, all of the sodas in the 2nd and 3rd duplicate columns were long expired, so each week, I moved them to the first columns to sell them out and I never refilled those duplicate columns. When I was done with the change-over, each Pepsi machine had 4 selections (I added Aquafina Water) and the rest of the buttons were blank white labels and the columns were EMPTY. After that, sales from the Pepsi machines nearly doubled (no more expired sodas). When my boss did an inspection and wrote me up for half-empty machines, I explained the whole story and told him to check the sales history since I took over. In the end, he was impressed and I was allowed to leave the machines like that. Sure, I could have offered more flavors, but that would have diluted the strong sales from the Coke machines and I was able to maximize sales in the Pepsi machines with only 4 selections which sold well.
Working for big vending companies often means following a plan-o-gram for candy machines as well as soda machines and I regularly got into trouble for NOT following them if I discovered specific products that sold well or didn't sell at all. But I can tell you that after only 6 months on this one route, I had nearly DOUBLED the sales of the previous route driver and, out of more than 40 vending routes at the company, MY route became the #2 route for high sales nearly every week and I was earning more income than my bosses and more money than any other route driver except one and I had been with the company less than a year at that point. After about 4 years there, I got fired when all of these tiny infractions against company policy made their way to the big bosses in the big office. Yet, 6 months later, my phone rang with my bosses BEGGING me to come back and take over that route again. I gladly did that (I should have negotiated a higher pay rate) and I might still be there today if I had not been involved in a major truck wreck that left me with permanent injuries. After I went back on that route I reconfigured the machines to make the big bucks and my bosses had my back and I was never hassled again for not following plan-o-gram. I even got the warehouse boss to special order products just for me to make my customers happy.
I enjoy your story sir! I went back and watched your older videos. Great channel and content!
Bro this video was EVERYTHING I was looking for!!! Perfect video thank you
You need to plan ahead of time. You need to put in a lot of work and a lot of money into it. You need to keep reinvesting that money back into the business. Pay attention to important things that you need. Like a dolly, a trailer, a storage shed, inventory, maintenance and taxes. I’d say, you need to have about 35 machines to make good money on this vending machine business. Watch out with how you spend your money. Don’t be stupid and blow all your money. Think of your business expenses ahead of time. Invest in a credit card readers/POS system with real time alerts. You’re not going to get super rich fast but you have a potential chance to make a good amount of money. You have to play it smart and be patient. It could take 3-5 years to see your business expand and finally start spitting out profit.
Me and my six kids are thinking about starting a vending machine buisness to teach them and start there own buisness and all profits will go into their individual savings account help us out reyes
I'm about to start my vending business...im glad I found this video. Stay up fam
Luv u, Reyes! U tell it like it is. You've come a loooong way! Been following u for a few years, now... seen ur ups & downs but u always landed on ur feet. Good for u!🤑
BUT REYES!!!!!! Living in my car part 7 needs to be out before 2020 begins
You need to learn how to fix them. You can get your EPA certification online to work with the refrigerants legally.
I haven't dug entirely into it, but you probably can't operate as a contractor until you log several years as an employed tech. Seemed to me that was the legality in quite a few states on it. And I think he's in California which is the capitol of backwards laws in those regards so it would likely be the case.
Great video! Entertaining and informative. Thanks Reyes!
Been thinking about getting into the vending machine business and funny bc I use to have a candy machine business too! lol
What I don't understand is why the business don't operate the machines themselves. its more money for them
ikr
not vending machines some do but for the little money its not worth the time. Sometimes you will run into a great location and someone at the company bought his own machines and put them in. its more common with an ATM machine though.
@@Andrembramwell sad world
I was wondering that too
It's awesome people like you that save people from a lot of drama!! Thank you for the amazing information!!
I'm a casual RUclips video viewer. And your healthy snacks fiasco story reminds me of my high school junior year which began in fall 1980. Fort Worth ISD decided to replace all sodas with healthy drinks in the campus vending machines. I don't remember buying any, and this idea must have gone over like a lead balloon, because when my senior year began in fall 1981, the sodas were back! 😆😆😆 I did use the machines again then! 👍
I'm just waiting till you go into the drug business
BUT REYES! What about the gun powder!?
But reyes!? What about the snitches
...where do you think he got the $6000 to invest...(?)🤔
adalid5 😂😂😂
thats a great idea! vending machine that sells marijuana joints, dime bags, and philly blunts
i would definitely by one dimebag every week so much easier than constantly paging my dealer! aaannndd - vending machines cant be arrested by police or get chainsawed in motel bathrooms by columbian drug dealers like in Scarface
Great video- nice to hear an honest portrayal of the vending business
I can’t see a vending machine without getting flashbacks ... 😂
The reason people in vending machine business don't make consistent money is because they sell too much junk food. Why not give customers more value, like Kinder Bueno, and Kit Kat chocolate, Hazelunt chocolate, or even Ramen soup, the dried ramen soup ! you know items that make more sense to the taste buds. Also, did you know there's other types of vending machines like Burrito Box that sells..burritos ?
I appreciate your channel and the info your giving out. Stay humble stay hustling
FYI Penske and Ryder have trucks with lifts. Makes it easy enough for one person to do it in a fraction of the time.
Great video. It's pretty much like any side hustle. You get back what you put in. It takes work
So Grateful for your approach< great people skills!!
If you dare to open vending machine at fitness club, you gotta make option of protein bar/ standard juices. Junk foods are not allowed on for certain standard.
This video was very helpful thank you👍🏻
I have started vending machine business. Our vending machine is earning $1200 a month and it is located in shopping mall
You have just became my favorite youtuber!!!! YOU ARE HILARIOUS !!!
Terrific data, pros and cons, love it -- thank you!!
Who pays for power to run the machines, you or the site?
It's usually the business. The power to run a snack machine is negligible and the drink machine isn't much more since it's always closed
The site normally does, but that’s why you have to pay a percentage for some sites.
THANK YOU for sharing your knowledge!
Reyes is a TRUE hustla👊
"Making me dust, while I'm sleep" - I had to stop and laugh for bout 3 mins, hahahahahaha. (sub'd)
I love it! Just subscribed !
Great video! Loved every second of it...
Lol thanks.
REYES!! Amazing video‼️
Thank you :)
You broke it down nicely man, thank you
Berry usefull information my friend thank you 😅😄 time is nothing to me money I’m learning as I can save and save to spend is also nothing I’m willing to work for this hustle!
Great video!! I am thinking of buying an established vending machine route. I appreciate the info.
Great review bro you explained things step by step including cons along side pros much help thank you 💪🏽