How I Make Passive Income From My Vending Machine Business
- Thread starter Responsible Allen Iverson
- Start date
Fiji Water
Every moment is an opportunity
Not going to lie, the money aspect is cool but having a machine actually sounds like it could be fun.
Fiji Water
Every moment is an opportunity
For sure. That's what I think would be fun because I love all types of snacks and sodas. I think I could read the clientele with items/brands that you don't always see everywhere
Edit: Especially water and "healthy" snacks. The liquid death and hint water is suddenly everywhere. They also have beyond meat jerky now. The research alone would be fun for me.
Tbh, you would def have to be passionate about it otherwise it would be a major headache.
Like, it's all about location, otherwise you wouldn't make any money and all the fancier snacks you stock will end up costing more but expiring quicker compared to the usual.
Most of the lucrative areas will already be occupied, so you may have to luck out or search low income areas. You're also solely responsible not just for restocking but also fixing any and all problems if the machine is broken, jammed, malfunctioning, etc. And time is money. If you buy it used, you'll likely be fixing it a lot. If you buy it new, then the overhead for one could triple or even quintriple. And you'll likely need more than 1.
I thought about the biz as a side hustle but ultimately it wasn't "passive" enough for me once i read up more about it. If i had a little brother in college i'd probably fund it for him tho.
Fiji Water
Every moment is an opportunity
I was talking to my friends about it and the maintenance would definitely be an issue for me without building up a knowledge base or sourcing someone. I'm based in Vegas so I don't think location would be a huge issue.
Lucky_Lefty
Dreams Are Colder Than Death...
My homie bought two and used the income from those to buy new ones (thinks he’s up to 3 so far). He has them scattered throughout Baltimore
White City Black
Ol’ Basquiat head ass
Man I used to see vending machine ads and articles in those “small business” magazines at Walgreens back in the day. Seems like a dope idea but I was never sold on it.
On one hand, it can definitely be successful and we’re nowhere near the level of what they do in Tokyo, for example. Other hand, I always thought it wouldn’t be the easiest to find a hot location that wouldn’t already be occupied
On one hand, it can definitely be successful and we’re nowhere near the level of what they do in Tokyo, for example. Other hand, I always thought it wouldn’t be the easiest to find a hot location that wouldn’t already be occupied
How does getting a location work? Say I wanted to install/ run a vending machine out of a large apartment building.
Do I pay them “rent”? Or do they consider it a value add for their residents and let me occupy their space for a % of profit?
Do I pay them “rent”? Or do they consider it a value add for their residents and let me occupy their space for a % of profit?