Who makes money from vending machines

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Operating a vending machine business requires you to maintain the vending machine, empty out the change, and restock the machine with drinks and snacks. In return, you can enjoy a healthy profit that runs itself day in and day out. As I talk about vending machines, you may be wondering how I learned about running and operating the machines without experience. How does one get started??

Well, I bought several ebooks online and talked to previous and current owners of vending machines. You can try to find vending operators through industry directories and set up informational interviews to determine if this is the type of business that you would want to get into. During my quest to invest in vending machines, I was in contact with a retiring vending machine operator ready to sell his machines. At 65 years old, he and his wife operated close to a machines at one point before slowly selling off a number of them.

I was given the opportunity to purchase a couple of machines at reasonable prices. This is one way to do it.

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While speaking to them about vending machine investments, this is what they offered to sell me they gave me their average sales:. Total Initial Investment in Vending Machines: Buying in bulk would save you on cost, and shopping at places such as Costco would probably be worthwhile. You will make your money back in a little less than a year.

Obviously location would be very important in this type of business and a high level of foot traffic would translate to a higher amount of sales. Another issue would be maintenance as machines may break and even vandalized. Although some may say that all the headaches of maintaining and restocking a vending machine may not be worth it, I think that if you create a system to run this business, then it will not be as hard as it seems.

You can start checking each machine on a weekly basis and gradually spread out this time as you understand the daily traffic and replenishing rates. I hear that many soda machines only need to be checked once or twice a month, and snack machines every weeks.

A route that I mentioned above may only need to be checked twice a month. Aside from vending drinks and snacks, another new avenue is the DVD rental business. Redbox has become a huge success, although Netflix may certainly be nipping at its heels. Owning redbox machine at a high traffic location, would still be very profitable. A quick video from a person who made his riches from vending machines. Product cost should be between 35 to 50 percent depending on the item..

You are an idiot and your business prob has failed because of that…. You were prob standing next to your machines so that when a customer bought something they had the option to hock a lugey down your throat..

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Not sure what Legends is talking about. Other than being just plain disgusting, Lengends of Vending is the idiot. Basically, you are saying that it is EASY to mark things up 4. Here is a general breakdown to what they would amount to. Oh, and another thing… making the statement that buying in bulk will help with costs.

Even without a huge markup, buying things in bulk will lead to LOST PROFITS due to EXPIRED PRODUCTS. We will also assume that the machines never need repairs, products never actually expire, fuel is free, we never lose customers, refunds are never given, there is no other overhead expense, and upgrades are not needed. John, the examples that I gave were based off of WHOLESALE prices, not market prices.

I simply took wholesale prices and multiplied them by 4. CS, How much profit do you make monthly and how many machines do you need to reach that goal. I would appreciate any advice you could give me. Look up a forum known as vendiscuss.

The crappy companies will offer a lower price and the account might prefer that and the better companies will want higher prices for their products and offer better equipment. In my early days, I did have a handful of locations that I paid commissions to, but when I felt my route was at a good size, I began to slough off locations that I had to pay to do business with.

My only exceptions to my self imposed rule are airports, hospitals, and college campuses. My business is small enough to benefit from coupons and taking advantage of sales at the big box grocery stores: Advice About Finance Facebook Page. Advice About Finance A Guide for Personal Finance, Investments, and Entreprenuership. Investing in Vending Machines: While speaking to them about vending machine investments, this is what they offered to sell me they gave me their average sales: Building Streams of Passive Income.

Facebook Email Twitter Google. And if so how has it been after all?

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