@@crusaderACR well i think the problem is not only a high starting price ($3000/machine) and fees for wherever you put it, but also that you have to constantly restock it as you are selling consumables. Judging by the video the average machine makes $400-$500 a month so you arent gonna break even for at least six months
@@electroAM You break even earlier. You have to consider the value of the machines in your calculation, which is just passive assets with real value. If you want to be rich you need to stop thinking only about cash.
@@crusaderACR I00% correct. If I buy another machine for 3,000 I can expect to sell it for 2,000 within a week. So the $500 convince fee with the profits she mentioned means a ROI of 2-3 months
@@KailyKail Thing is that in Japan they have a HUGE VARIETY of products available in different machines. In America, it seems that EVERY machine just sells some brand of SODA/Cold Drinks! I don't even see those 'Snack Machines' with the 'screw drive' dispensing system anymore?
@@KailyKail Yeah, let me know when it becomes legal for 'Vending Machines' to sell ALCOHOLIC mixed drinks in North America... And did they also BAN the old 'cigarette machines' in the States, or do I just not see them?
@@StreetPreacherr I once knew this soda machine that sold store brand soda for 25 cents per can when name brand machine right next to it sold them for 75 cents. Seen the guy there once and he said he fills the cheap soda machine daily while he did not know who had the coke machine. If I recall the machine holds like 400 cans and he sells out almost everyday. You can run the numbers and see how much he was making just off that one machine. His trucks was one of those cold box trucks and was full. So you can see he had a bunch of machines.
That actually is an accurate amount of money for a full time worker, not everyone is making $20 an hour, full time $10 an hour workers make less than 3000 a month.
I work for a company that does vending. It is one of our three branches and most of the machines barely make enough to pay for the worker that does the routes. So the money made is based on the value of your time. Outside the prison contract vending is our worst branch.
My childhood friends family did this and she said it wasn’t worth it. You would need A LOT of machines to start seeing any money. She always said to get into real estate which is what everyone says.
@@1GQ_gentYou can get an older model refurbished for like 800-900$ and just install a card reader yourself. The card reader will run you another 300 but that’s still much less than 3-4k
You’re also forgetting the insurance you need to pay the taxes you need to pay and the licensing fee within the area you have the machines at tell everybody the full truth not just your BS
I would think its not really as much as how much money you got to start…if you can buy atleast 5 to start im sure you can do good in the future, but if you get one dont expect to wuit your day job 😂
What 'size' of a 'route' is required to total $14k/week in GROSS sales? And is this in the STATES? Are they all 'soft' Drinks machines? And it seems like the ONLY machines I see are for drinks, and you'll often see 3 lined up that just offer different 'brands' of the same types of drinks. In most cases, would all three machines be operated by the same person?
It's actually really easy to fail without any proper research as you need to know everything to get the most sales but usally the best locations have already been taken by big businesses.
Those hustle culture channels make their money off RU-vid and not the product itself. Graham Steven is the only one i found that trys to be honest and not garbage.
The thing with vending machines is that a lot of it is passive. You buy the machines, set them up, cut the owner of the building in, and then you just have to go collect the cash, restock the product and change, and keep your records. The vending machine model works great if your area has lots of preexisting businesses that generate demand for stuff in vending machines.
It's not hard to fail, I've watched it happen to someone i know. It's a very expensive gamble because you'll spend $3k on a machine that won't bring in but maybe $100 a month if not less.
I think you do not understand. If you invest $3,000 and that $3,000 gets you $1,200 a year, every year, then you have a great business, that is earning you a 40% ROI. Why would you sell the machine?
I started in December with a combo machine I got for a crazy good deal. It's been just under 1k a month in sales and going strong. It's all about location
Where do you live?…im thinking of starting a vending machine business myself and doing it full time but i have about 20k to invest..do you think that would be enough to quit an average day job?
It is not easy. It’s simple but not easy. Finding machines, picking up inventory, finding machine movers, figuring out how to generate new leads, storage unit, taxes and insurance and of course organization - LLC etc. it’s a lot of work. Don’t be fooled!
Not as easy as people claim it is unless you have the cash to invest in machines already placed in good spots. If not then you will likely have to start off with used machines then hunt down a spot that has good traffic and isn't already saturated with other machines around. It's a lot more work involved then people say it is. Don't even get me started on mess you have to deal with when someone vandalizes the machine and steals product from it.
If vending machines were that profitable they wouldn't sell them so cheap , and, yes 3000.00 is super cheap. Neither one is discussing the rolling costs and she isn't saying, notice they specifically avoided, this is Net income. So you have to assume this is her Gross. Even if she was making 100% profit on each item that cuts her income in half right there. But we know the mark up on the products isn't 100%. We also know the cost of a single service call as well as on going costs for the machines wipes out a chunk of that Gross.
Yea but thats also 6 machines..times everything by 2 if can get 12….reason why im saying this is cause im about to start doing this with about 20k..at that point there is no way of failing…still location is key but also how much money you got to start…you can buy good used machines for about 1k sometimes even lower
My old boss told me about a friend that lost the house after going all in on vending machines. Probably not actually that dangerous for the average sane person though.
My friends dad used to do maintenance on all the coke machines in our town and the coke distribution center laid him off and sold off all their machines because it wasn’t profitable. We’re talking hundreds of machines here. It’s just an internet fad they make more on the tik tok videos about the machines than the actual machines make.
@@johndowe7003 It's not my business, and I have no interest in the profits generated from vending machines. I make way more than my parents ever will, and likely more than you ever will. Who the fuck are you trying to impress by mocking me? You can't even make fun of someone on the internet properly.
carpet cleaning is a great side hustle if you can afford the set up. but depending on your area its seasonal work. in spring I can make about 1k a day. depending on who hires me I can clear 5k to 10k a week. but it is long hours and hard work. like 12 to 14 hour days and sometimes skipping lunch.
Vending is tough. It really depends on where you have locations and how often you need to go fill them. There are places that get cleaned out in a day and there are places that take a week to make a dent. Profit really depends on how much you up sell for and if your machine has a credit card payment then you will likely sell 100 times more. Cash and coins are not all that common any more.
Meanwhile his or her parents or friends are in the business of either manufacturing vending machines, or supplying them. Don't trust these folks, why would she want more competition by giving away info for free
The stock one sounds pretty crappy but if you don't sell, in 20 years you are on your way to a fat retirement. Side hustles come and go. I love that Daniel recommended the only sure way to have a long term retirement
S tier means it's literally a passive side hustle 0 effort. With amazing expandability. A tier has some effort some expenses good expandability. I think vending machines fall under B tier because you have to make those route you have to make sure your machines are stocked up with not only products but also change. You might get lucky with having machines close to each other but more n more people doing this side hustle so finding peiremium locations getting much harder.
Ngl in Europe 3000 euros would be great (if it's already taxed), especially for the fact that you can do other jobs in the time between refilling etc...
Working for somebody that owns hundreds or maybe 50 machines repairing them can be a little complicated but worth learning and very lucrative as a worker is easy work
And that's ANOTHER thing that anybody SELLING the machines likes to keep quiet! Those things are 'electrical, mechanical & now partially computerized. And if anything breaks, your machine makes NOTHING until you notice and spend a 'fortune' to get it fixed...
Just like our gym in our own building. For the amount of money we invest yes there are probably other business which is more profitable. But we dont habe to take care of the gym at all. So its very worth it. ( we only did repair once in a while or buy new equipment )
I've never bought a soda at a barbershop. Ever. The idea that's it's just easy to find a location, a barbershop, with enough foot traffic to support hundreds to thousands of dollars a month in revenue... is ridiculous.
In the US, you still use a lot of Cash. I am curious to know how Euro, AUD or NZD nations that are practically Cashless and so have Credit card fees to deal with work. (I live in New Zealand and recently travelled to The States and Honestly, the hardest part was remembering to get out Cash) I
@@bbrenew1938 I know I'm curious about the business and profit since Visa and Mastercard both take quite high fees and as far as I could tell at the Airport they don't mark up the prices that much (it's the same price as the Supermarket I clean at).
Yeah BS.... In America maybe where people get more stuff out of a vending machine then actually buying in a store... In Europe... Nope. There are regulations and you can't plant it just about anywhere (barber shop for example). It has to be a public space, for which you probably pay a good rent on, depending on the location (main train station for example) plus all the extra costs of maintenance... Yeah, not that lucrative as RU-vid makes it seem. And yeah, if you wanna make good money you're busting your ass the whole day refilling the things and such, on top of all the other business related work you have to do.
Actually it's less because you can sell the vending machines when they get useless. Not to mention if you place it in the right spots it could earn more.
2 major problems with vending machines. 1: Everywhere where there is any amount of traffic in that area, has one already, so you'd have to be extremely lucky to find someone willing to allow you to put one there. And until then, you're in the hole for the cost of a vending machine (which are really expensive). And it's very unlikely that you are going to find someone who just wants you to pay them a specific set fee, they will want a percentage of the earnings. 2. The amount you get per month and the amount you have to pay for food and other things means you usually get really low earnings back. So yeah, you made between 1.5k and 3k on 6 vending machines, but a portion of that goes to the owner of where the vending machine is, the food costs, and in the end, you've made pocket change.
If you're paying someone for a free service to make their workers/customer's or goers happy with something in the mean-time. You're doing it wrong. You giving out a FREE service on their end. If they want profits offer to sell them your machine or leave.