I like what you said about having an exit strategy. I want to build a bulk and crane machine route to about 20k annually and then head into multi-family residential units then I can start to market full service vending to my residents. Then build a laundromat next to my units. I also like the idea of 55 and up apartment complexes.
@@AlphaBlazingso what? At least he’s speaking what he wants into existence. Whether he makes it or not is irrelevant at least he is trying unlike some other people lmao
@@DominickBarbato He is take advantage of the working poor. He is not making duplexes into condos he is selling them housing knowing they can't do other stuff. Why encourage that type of behavior. Renting rooms in a house he owns is one thing but buying stuff to hoard and exploit the less fortunate wtf?
Just subscribed, I hope I'm not too late!! I'm going to watch more of your videos and I'm currently working on a business plan. I've been dreaming of doing this business for as long as I can remember, and I think I'm ready to pull the trigger and get after it!! Really looking forward to watching more of your content.
So glad I found a video thats from someone who works in the industry and really knows the business. RUclips is filled with people who just started vending as a side hustle and dont really care about it outside of "passive" income.
Thank you for the information. You explain things very well and it's appreciated. Starting this new journey, here in Canada, and you just got a new sub!
The hardest thing for me, I just started is finding an existing location that isnt only doing like 80$ a month in revenue, tons a locations around me, im looking at going in person to talk to some locations, but im worried im going to get stuck with locations that only have 80-100$ a month revenue which ill lose money.
I'm sure those small locations will come with alot of learning opportunites (i.e Problems/mistakes) that you will learn from at a much lower cost (both in money and time) then a higher traffic/value location. Just an idea :) Good luck!
@@michaelriddick7116 But with customer service businesses location matters..... I know because some places seem to always have customers while the local stores with less foot traffic I doubt they get many customers.
Just subscribed... I like your information you speak but what made me more of (u my guy 2 follow) interested is I went to the comments and seen you reply. I was like f_&k yeah!!! That's My dude to follow. Gotta replay this video again cause I wanted to tell you how awesome you are. Blessings to only be you person. Appreciate you
My name is Katrina I’m new to this business. I need your book. I love your channel . I’m doing my research now on everything about this business. Thank you
Do you think the Japanese model could do well in America, something like,A dollar general type products vending set-up? Im thinking for campgrounds,events, etc. Frozen meats,canned goods, toiletries,one that has batteries, power banks.. All on a large cargo trailer either plugged into a portable power source or on-site power
Ive been offered a placement for my vending machine in a high traffic mall, probably the highest traffic in the entire city but they want to charge me around $700 USD per month to place my vending machine there. What do I do this seems so high?
Thank you so much for this video I am just starting to look into starting my own vending machine business and this video truly helps. Where can I get your book?
awesome video, I can't wait to dive into more videos. Do you have or know of somewhere to help guide on repairs and maintenance on new and older machines? I'm new to the business so older machines are where I'm at for now. Thanks!
Would love a video on how to do my taxes and get the tax breaks for this business I have a location that does great but I’m horrible at keeping track of what I can get tax wise
Hey man looking to jump in with a llc and business credit, any experience using 0% interest business credit to fund this business? Would truly love to hear it! Dan
I’m actually a 14 year old and I’m interested in starting soon! What are like key things for insurance? How do I get it and what type of things does it cover?
dom, recent sub, loving going back and watching all your library. do you have an excel sheet for inventory control and profit/loss statements for purchase?
Good morning! Thank you so much for posting this video! Your perspective and advice Makes Good Business Sense! Very Valuable! I will stay tuned and in touch! I actually have my first meeting today with an interested client. I’m just starting up! I would love a copy of that book, Please! How can I get it? Have a Happy Thursday!
Hi, I am a junior in high school and I am very interested in these vending machine. I have zero experience in this industry but I am want to start doing this. I am not planning to make a business for this, just like a side hustle I guess. Do I still have to do the things you said for what business has done to such as insurance, creating business name, or anything like that? Or can I just go to a good location and ask the owner for permission to place a vending machine at their location. Thanks!
Is this a good deal? 32 head bulk candy machine route and 35 without a location for $5,000 a good deal to buy for your first time at trying anything like this?
Appreciate that! I think it all depends on the records the person selling has. If the machines do $10-15 per head, it might be a good deal. Thanks for enjoying the content
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Hi, new here. Could you make a video explaining the credit card reader process? As in how it works , the tracking, the percentages?
Great idea! Noted. Coming soon 🔜
Sweet!
@@DominickBarbato Hi! I'm just getting into this. Is there a video available on what @DLee-gz2jw is asking? Thank you.
I like what you said about having an exit strategy. I want to build a bulk and crane machine route to about 20k annually and then head into multi-family residential units then I can start to market full service vending to my residents. Then build a laundromat next to my units. I also like the idea of 55 and up apartment complexes.
smart money moves
all talk🤣
Could be
@@AlphaBlazingso what? At least he’s speaking what he wants into existence. Whether he makes it or not is irrelevant at least he is trying unlike some other people lmao
@@DominickBarbato He is take advantage of the working poor. He is not making duplexes into condos he is selling them housing knowing they can't do other stuff. Why encourage that type of behavior. Renting rooms in a house he owns is one thing but buying stuff to hoard and exploit the less fortunate wtf?
Man..I don't even want a lot of money. If I can make my own money at the very least 3k a month..I'll be so happy.
That’s a great goal 👍
This is exactly my thoughts 4 -5k a month in income is all I would need
Just subscribed, I hope I'm not too late!! I'm going to watch more of your videos and I'm currently working on a business plan. I've been dreaming of doing this business for as long as I can remember, and I think I'm ready to pull the trigger and get after it!! Really looking forward to watching more of your content.
10/10 video! Well done my guy!
Thank you!!
@3:15 what were the 3 things you mentioned to start small with?
So glad I found a video thats from someone who works in the industry and really knows the business. RUclips is filled with people who just started vending as a side hustle and dont really care about it outside of "passive" income.
Thank you for the information. You explain things very well and it's appreciated. Starting this new journey, here in Canada, and you just got a new sub!
Love the video. As a startup this is what I needed
More to come !
Thank you for the information.
Good video... canteen started as a preteen lol... so while lean and mean starting slow and TAKING PROFITS... THEN WORK UP TO CAN TEEN LOL
The hardest thing for me, I just started is finding an existing location that isnt only doing like 80$ a month in revenue, tons a locations around me, im looking at going in person to talk to some locations, but im worried im going to get stuck with locations that only have 80-100$ a month revenue which ill lose money.
Those are the beginner accounts and smart to start with
I'm sure those small locations will come with alot of learning opportunites (i.e Problems/mistakes) that you will learn from at a much lower cost (both in money and time) then a higher traffic/value location.
Just an idea :) Good luck!
@@michaelriddick7116 But with customer service businesses location matters..... I know because some places seem to always have customers while the local stores with less foot traffic I doubt they get many customers.
Excellent information! Thank you.
Thank you for sharing. God willing, I will meet you in Las Vegas at NAMA.
Would love to know what you said to start small with? Cranes, bolt boxes?
Gumball machines / toy machines to start
“It’s all about iteration in this game”…. Keen statement ;)
I’m a startup vending company and I can’t even begin to tell you how appreciative I am for this content. Please continue to drop gems like this 🫶🏾
That’s awesome, it’s serving it’s purpose! Trying my best to keep the content going
How is it so far?
Congratulations
How’s it going for u?
Just subscribed... I like your information you speak but what made me more of (u my guy 2 follow) interested is I went to the comments and seen you reply. I was like f_&k yeah!!! That's My dude to follow. Gotta replay this video again cause I wanted to tell you how awesome you are. Blessings to only be you person. Appreciate you
These comments make me happy to continue to produce valuable content! Thanks for being here
Do you buy them with a card reader or do you do it with a separate company to add it?
Where do you buy the supplies for the vending machines?
Wholesale supplier or wholesale clubs
Great info bro! Thanks
thank you for supporting!
I am in the vending machine business. I got fire machines. That’s a good.
Great tips. Would love the free book.
Very useful information for new and seasoned vendors alike. :) Thanks for sharing!
That’s what it’s all about!
Where do buy your machines?
Distributors or direct from the manufacturers
Is apple pay compatible with vending machine AP 6500?
Depends on MDB connection, could have upgraded board
My name is Katrina I’m new to this business. I need your book. I love your channel . I’m doing my research now on everything about this business. Thank you
you should enter the next giveaway.
How does insurance work? How the price range?
$50-150 bucks a month
Do you think the Japanese model could do well in America, something like,A dollar general type products vending set-up? Im thinking for campgrounds,events, etc.
Frozen meats,canned goods, toiletries,one that has batteries, power banks..
All on a large cargo trailer either plugged into a portable power source or on-site power
No, I don't think so. Has been tried in forms but never huge success
Hi, what kind of software do you recommend to use for inventory and monitoring? Thanks
I hear VendSoft is good. But most credit card readers have backend software that can manage your backend
Did you say VBS for the discount?
Very helpful thank you!
Hi! Thanks for the info. What was the name of the book you mentioned toward the end and where can I access it?
Ive been offered a placement for my vending machine in a high traffic mall, probably the highest traffic in the entire city but they want to charge me around $700 USD per month to place my vending machine there. What do I do this seems so high?
Hell no pass
Thank you so much for this video I am just starting to look into starting my own vending machine business and this video truly helps. Where can I get your book?
Where do you get your product list from ?
awesome video, I can't wait to dive into more videos. Do you have or know of somewhere to help guide on repairs and maintenance on new and older machines? I'm new to the business so older machines are where I'm at for now. Thanks!
Yeah, we offer some manuals and google is your best friend for this stuff
How are you making out so far? Any growth?
Insightful video, thank you
Thank you 🙏
Hello, that was a very good well organized video.
Appreciate it
super helpful video, thanks for sharing!
Thanks!
What percentage of profit, if any do you give back to the location/ business that allow you to place the machine there?
Would love a video on how to do my taxes and get the tax breaks for this business I have a location that does great but I’m horrible at keeping track of what I can get tax wise
I want the book !! Please
What are your thoughts on accepting card only and no cash?
It’s a good move if you’re in a state that allows it
@@DominickBarbato Gotcha, thanks
Hi, How to get the book you showed at the end of this video?
Hey man looking to jump in with a llc and business credit, any experience using 0% interest business credit to fund this business? Would truly love to hear it!
Dan
No, i have not heard about that but some vending manufacturers offer 0% interest (variable i believe)
Great video thanks my guy!
Thanks 🙏
I'm interested in the free book. Great video and great content. Thank you for sharing it with us.
Working on it
Hey man, question for you. What are your thoughts on buying 1 vending machine with location in las vegas? Is vegas a good market for vending
I'm very interested in this business, your 12 step video helped to want to know more how can I get your book.
thats awesome to hear.
Is that book still available to get?
Good Stuff as usual 👍🏾
I appreciate that
what about locations that don't have as many employees, but more customer foot traffic?
How can I get your book?
It’s free on gumroad!
I’m actually a 14 year old and I’m interested in starting soon! What are like key things for insurance? How do I get it and what type of things does it cover?
I’d worry more about what types of machines and how are you going to transport/service the machines!
Hi! Who pays for the electricity ❓❓ the vending machine owner or the local owner ❓❓❓
Depends on the negotiation but the building where you place the machine usually pays the electric and you may give them a commission of sales
dom, recent sub, loving going back and watching all your library. do you have an excel sheet for inventory control and profit/loss statements for purchase?
Yes
@@DominickBarbato can you post a link please
@@danks192 yes link please
Good morning! Thank you so much for posting this video! Your perspective and advice Makes Good Business Sense! Very Valuable! I will stay tuned and in touch! I actually have my first meeting today with an interested client. I’m just starting up! I would love a copy of that book, Please! How can I get it? Have a Happy Thursday!
Thanks for your feedback!! Book is Amazon, new book coming out in a few months on locating also. Cheers on the new client meeting
Cheers! 🎉
Keep the vids coming bro
Will keep it going
Hi, I am a junior in high school and I am very interested in these vending machine. I have zero experience in this industry but I am want to start doing this. I am not planning to make a business for this, just like a side hustle I guess. Do I still have to do the things you said for what business has done to such as insurance, creating business name, or anything like that? Or can I just go to a good location and ask the owner for permission to place a vending machine at their location. Thanks!
So you just want to test the waters? Some states are more strict than others, just local law and guidelines for placing machines. Best of luck
Me too bro did u get a license or were u able to do it without a license i wanna start with a single machine too please do share
Am in Jamaica and would love to sell my own handmade pressons in vending machines, any recommendations?
That sounds like a neat idea!
I’m looking for a cotton candy vending machine any good places you might know?
Possibly in the near future
What’s insurance?? For this business??
Coi yes
I just subscribed as well. Still giving out a copy of your book?
The sticker says 2004 on it but I will do some research.
I'm a vending machine newbie, i have one machine and I'm bringing in £400/ month but struggling with the seeking another location
That’s good income for first account! Be persistent
Your great thanks
Appreciate it
Am I legally required to get a business license an LLC when I'm just starting off? I've heard if I make under $12000 a year it's not required.
If you are producing income, the government wants their money. Also, there’s different laws and licenses in different states.
Would you ever put Prime in a vending machine?
Would love to
How do I get the book?
The new one?
Is this a good deal? 32 head bulk candy machine route and 35 without a location for $5,000 a good deal to buy for your first time at trying anything like this?
Also been loving youre videos been hyping me up, well shot, edited, great tips, the whole package! thank you for everything sir!
Appreciate that! I think it all depends on the records the person selling has. If the machines do $10-15 per head, it might be a good deal. Thanks for enjoying the content
start with what? i couldn’t understand what you suggested before saying going with drink or snack machines
Honor boxes?
What is meant by the amount of person on a account?
Amount of employees in a location or foot traffic
@DominickBarbato ohhhhh thanks alot brk
Can you please repeat what to start with? No snacks?
Are there any credit card readers that do not charge a service fee?
No
Do you need a food and beverage license
Some states i believe
Am in india thank bro
Are you still giving out free books??
Yes check new videos
Do you need any type of license to have a vending machine business?
usually, depends.
just started, want learn more
Great 😊
Wowwwwwwwwwwwwww😮❤️❤️
Thank you
Can someone start this business without having any entity?
No
No se puede traducir en español
No
HOW MUCH DO YOU PAY THE COMPANY WERE YOU HAVE A MACHINE
If you can't hire it out, it's not a business, it's a job
You can always hire when you operate a business.