HOW TO START A VENDING MACHINE BUSINESS | Summary and Q&A

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December 26, 2020
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Earn Your Leisure
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HOW TO START A VENDING MACHINE BUSINESS

TL;DR

Vending machines can be a lucrative side hustle, with potential to make thousands of dollars per month selling popular items like snacks and drinks.

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Key Insights

  • 🎰 Vending machines can be a profitable side hustle, with the potential to generate thousands of dollars per month.
  • 🗯️ Finding the right locations is crucial, as foot traffic and accessibility are important factors for success.
  • ⚾ Offering a mix of traditional snacks and healthier options can cater to a wider customer base.
  • 💨 Buying and selling routes can be a lucrative way to expand the vending machine business.
  • 🎰 Proper maintenance and insurance are important to protect against vandalism and machine malfunctions.
  • 🥜 Popular items like peanut M&M's, Pepsi, and Doritos are staple items that consistently sell well in vending machines.
  • 🥺 Scaling the business to multiple machines can lead to higher profits, but also requires more time and effort to manage effectively.

Questions & Answers

Q: How much does a vending machine cost?

The cost of a vending machine can range from around $900 for a used machine to $5,000 for a brand new one.

Q: Where can I find new and used vending machines?

New machines can be purchased directly from manufacturers like Coca-Cola or Pepsi, while used machines can be found on platforms like Craigslist, OfferUp, and Amazon.

Q: How do I find locations for vending machines?

You can find locations by networking with friends and family, reaching out to businesses in your area, or using online platforms like Craigslist and OfferUp.

Q: What are the typical profit margins for a vending machine?

A good location can generate around $500 per month per machine, with most locations having two machines.

Summary & Key Takeaways

  • Vending machines can range in cost from around $900 for a used machine to $5,000 for a brand new one, depending on the type and condition.

  • New machines can be purchased directly from manufacturers like Coca-Cola or Pepsi, while used machines can be found on platforms like Craigslist, OfferUp, and Amazon.

  • Finding the right locations for vending machines is crucial, and options include reaching out to friends and family, networking, and cold calling businesses in your area.

  • Profit margins for a single machine can be around $500 per month, with average locations having two machines. Scaling the business to multiple machines can lead to even higher profits.

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