Ask me how I made 7 million a year taking massive dumps at warehouse facilities then coming back in 1 hour as a janitorial business and pressuring them to a monthly subscription
Since covid hit a lot of people are using online shopping app's that deliver instead of going to store's themselves depending on on the discount you get from using online shopping apps. You could save a lot of money if I was going to start vending machine business would start with five vending machine's two soda machine's an three snack machine's and place them in high or mid foot traffic
Bought Adam’s Course a year ago and it did nothing but made me grow into a very profitable living for my family and I. The dude is honest and very intelligent
I had 120 soda and snack locations in the 80’s. The biggest issue, other than employees, is the low barrier to entry. The best locations see the money coming out of the machines and decide to put their own machine in.
@@pbufh and keep it stocked, too? And what happens if it breaks? Spend a few hours on researching how to fix it, ordering parts, a few more taking it apart...
If companies bought their own vending machines, they'd have to source their own snacks, right? Otherwise, wouldn't it cost more to buy snacks for your vending machines?
I had one buddy that made like 1500 a month off a machine in a small village like town with only a dollar general there. He would tape a 5 dollar bill to a few cans in the machine that said winner on the can. It worked pretty good
@@sellbydateyeah but people will still be inclined to spend another $2 to get another can of coke, get their money back, and an extra $5. Pretty good idea.
my name is Joshua Jesse Owner & operator of A power washing company I.E AGUA-WASH & your channel changed the trajectory of my life!Specifically the video on Northwest Soft-wash, i will within the next few years be featured on this channel!Thank You!
Because of UA-cam and TikTok, vending has become far too saturated as of late. As someone who operates 100 machines as well as a few micro markets, I can tell you that this is a terrible side hustle right now. However, if you're willing to blow past what 99% of people will do, 1 machine here or there at some random apartment complex, and really push through that initial failure, you will see that it is a great career that gives you a ton of flexibility for the income it provides.
It seems like $700k is his revenue, which at 30% margins is $210k, and he has 2 employees. Just wanted to reinforce that this is a lot of work for a decent family business, but it's not an easy cash cow.
I bought a combo vending machine a few years back before Covid I haven’t done anything with the machine. Thank you for this video I will try my best to start my vending business!
I was thinking this, too. Also, the average US citizen is 100k in debt. "Asking family for money" I don't think is usually a good idea to start a vending machine business, unless they also have that dream in mind. Which it wouldn't really be you just going to them and asking for money. Also, I can imagine buying one of those things for 3.5k and having difficulty reselling if the business flops. He made it sound as if reselling it would mean you can basically have no loss if the business goes under. I call bullshit. He lucked up and makes it sound like a piece of cake that anyone can do.
I just turned 17 I’m in high school I live in South Africa here there’s not so many vending machines in the country so I’m thinking on taking the vending machine business to South Africa.🇿🇦
I own 22 vending machines and i have them on heavy foot traffic manufacturing warehouses the cheaper the product the more u sell Every other day i have ti fill up ..more work more dinero🤑
I worked at a warehouse now as a diesel tech both locations have machines and they make pretty good sales what did you do to put them in the warehouse also which warehouses ?
700k is such a fake ass number that's thrown out there to get people to buy his magic course. I manage over 200 machines over his 100 and gross 700-800k a year. If he's doing 700 on just 100 he's managed to get the best locations and has no duds and that's just not reality in the vending world. Each machine has to make $300 in sales a month which at the median is at least 150 individual sales a month (were talking major factories or production manufacture accounts that get those numbers. Now that's very doable for good accounts but not all accounts. To put things in perspective I fill anywhere from 30-40 machines daily 5 times a week. Thats alot of time and I also put on over 100 miles a day in a box truck that gets 7 miles a gallon of gas. Thats a big expense to consider.
@DennisBonich thats only gross sales. If u sell 100k a year you might bring home 45k and taxed on that as well. Gas aint cheap and the truck you need to service 100+ machines is only getting you around 6mpg. Then factor in warehouse rent and other expenses like parts for machines etc... 100k sounds fine but its really not when running this kind of business. You're basically living off minimum wage at that point.
Thanks for the super informative video!! I was really inspired when I went to Japan and saw lots of awesome vending machines with things like hot coffee, full meals, etc. I'm hoping to bring that part of the culture to North America.
I work for a very large corporation whose footprint is from Massachusetts to virginia. They have 1 vending company. There are times where there are 5 spots empty in 1 machine. It takes them anywhere from 1-2 weeks to replenish. Machines appear to be cellular. It's like they just don't care because they have a lock on the corporation
Sounds like a ripe time for another company to bid. I can already hear the opening line... "I noticed you have 5 empty slots! How long have they been empty?" 😂
all machines are cellular for credit. unless the company wants to pay for cables to be run to the machines that's on them this is also not safe for customers as its easier to get the credit card info which is why we use cellular. sounds like you have a shitty vending driver that isn't servicing the machine when they need to. Should be serviced once a week on the same day and if there's still 5 empty slots, they either need to double up product and remove the slow-moving product or they need to make it a twice a week stop. Also, if your corporation is that large, they are 100% getting a commission on the sales which is why the vending company is locked in a contract with them. Likely have a contract of 5 or more years that can't be breached. Also, you got to understand most drivers are payed over 25 and hour to service these machines if they have to drive out of the way to service 1 machine that has 5 slots empty it might not be worth it. There's a lot of cost factors that go into when a machine is serviced. This guy is showing machines that are freshly filled. He 100% has machines with empty slots any given day of the week that's just natural. But it shouldn't be empty for more than a week as every machine that sells out a few columns should be serviced at least once a week on a schedule.
What a terrific video, high quality guest, high quality production and fantastic content. I don’t think there’s any other video on UA-cam explaining this business with this level of detail. Congrats and thank you!
Three big issues I had with my vending business. 1. You better be mechanically inclined if you want to own vending machines. They constantly breakdown. 2. This is an ultra competitive market, it is very difficult to get established into money making vending locations. 3. Feeding people junk and contributing to America’s obesity problem for profit. I just couldn’t morally do it anymore. Be careful people, I have lost a lot of money in the vending business
in this video adam say it thats why its importan you chose your machine, dont just buy them cheap, you will lost money because need to service it more,
This is 🧢 Their business is selling courses, and likely the machines. Be real, how often do you see a vending machine? How often do you use one? How many sales do you need to make 700k PROFIT, not turnover, on items you make 10s of cents on? Even a dollar profit at 50% margin is 1.4 million sales before tax
I used to use vending machines all the time until I started eating healthier. Now they have no options for me. They don’t even usually have more than one diet option, so I usually just get water if anything. No snacks.
Family FAMILY FAMILY! all this would not be possible without Family, that's the most important part! I commend you and I thank you for sharing your experience and wisdom!
You have to restock, give the card reader a small percentage, maintenance, good location, get a store to say yes, then when they see you collecting all this money, theyre gonna kick your ass out and put their own machine in, there are a million drawbacks to this
There are hurdles in any business, otherwise everyone would be rich. Some people think like you do any never try. Others get to work, learn, and become successful.
It would be helpful if people would not brag about their gross, but instead explain their profits after expenses. That's what matters. Gross is totally irrelevant except that some people think it's bragging rights.
With a valuation of his company now well into the millions, which you can then sell once you are ready. Imagine making $150k per year and then being able to sell that revenue generator for $3-5 million whenever you wanted to. Not bad for 8 years' work if you ask me.@@johng5261
I had one buddy that made like 1500 a month off a machine in a small village like town with only a dollar general there. He would tape a 5 dollar bill to a few cans in the machine that said winner on the can.
I tried vending machines but sold healthier choices. It was a failure. People want their Coke and Doritos. The vending machine company says they will help u get a location but the goo spots are taken. Location is the most important part and product people want and recognize. Buying an established route is a great idea. You do have to be on call 24/7. You would need a coworker to help. I personally do not recommend this but i made mistakes for sure. Sold the machines at a loss to a guy who knew how to service them. So he just aded to his arsenal.
Since all these videos came out about vending machines. The biggest issue is finding a place to put them. And also the places you put them what most of the revenue from them. Remember we live in a greedy country. Used to be a great business.
Interesting to note that the new cutting-edge, credit-card reading machines cost 10 times what an older-generation machine costs. HUGE capital outlay to get into the vending machine game. I assume that most locations already have vending machines. I would be concerned about broken-down machines; it is good to know that there are sub-assemblies that can be pulled out and replaced.
And guess what, the majority of the times the think that it is not working is the stupid Nayax card reader, the majority of the complains that I received is that the Nayax card reader it's not working and in Australia is the only company that´s supplied this service.
Would love to find out what the average split is with the location owner. Was one of the main items that was not addressed in this video but super important to start the business model. Will probably be addressed in the course but still would be handy to run some really crude numbers
Glad you love this video! Your appreciation means a lot to us and motivates us to continue producing content like this. Do you have a business topic you want to see next on the channel? 🤔
Dude I worked at Home Depot when I was about 18-21 and one of the first things they taught me was vending machine businesses. One of my best friends recommended it because they're easy, low maintenance, and they have high value of opportunity for cost ratios. Very lucrative ever since 👍🏽
Okay, I’ve seen a lot of your videos and this one is the one where I’m going to take action. I really enjoyed every part of this video. It left me wanting more information. With that being said you guys seem like very honest people and I hope this boot camp is really worth it and i don’t feel like I just handed you guys money for nothing. I’m going to purchase the boot camp tomorrow.
We are humbled to know that our videos can make an impact! We hope you take these lessons to heart and apply them for success. Cheers to your success, and see you at the boot camp! 🔥
Locations can be hard to find and you will need to restock the machine constantly. you also need a mechanic on call if something goes wrong. Its not an easy business. Digital marketing is much easier but they are very different paths and we are different people. Some people are killing it with vending.
Hi, I'm from europe and yesterday I started wondering about placing machine's in my area. I find it hillarious that you uploaded this video yesterday! I mainly thought about starting a vending machine "shop" where people could come 24/7 to grab a snack, however placing them inside other companies seems like it might be a better idea. One thing I didn't hear you guys speak about is whether you actually pay or get paid by the customers to keep these machines in their companies? I assumed the customers would want some of the profit but hopefully I'm wrong!
I was looking into starting a vending business a while back before the pandemic. One thing you guys didn't really talk about is a lot of the properties where you'll want to put your machines will want a cut of the profit. What's an acceptable amount? 10,20,30%? Do you just find locations that will let you put them there for free?
@@du24pont70 Honestly, we don't know the answer to that. But all such things are covered in the course and whatever is not, is covered in the monthly webinars. We hope Adam responds and gives the answer. We'll remind him to respond to comments when he can ;)
Companies like Canteen run multiple routes with full staff people. All their routes are multi million dollars too so that claim that "nobody else is running my numbers" is false.
I’m a 16 year old kid that is going to buy a machine not to make a living but to have money I can put away and save for college or for other machines. Anyone that wants to help me understand more about this side hustle please tell me. ❤🎉
My biggest question that wasnt addressed is what kind of agreements do you do with the location's? Do you pay them a set monthly rate? Or do you pay them a commission of all sales? How does that part work?
Say it's $1000 per machine every month, and with 100 machines that's $1.2 million per year. 30% of that goes to salary so $360,000. Split that between 3 to 4 employees then it's about $90,000-$120,000. That's pretty good, but it could be less than that if each machine only averages $500 to $700. But if all it takes is two days out of the week, that seems really good.
Good informative video. I'm here because I acquired couple vending machines from a storage locker. Basically have very little in them. Good machines with card readers. One is a snack one is a drink. Wittern machines. Was planning on selling them but I'm kicking around the idea when starting a vending route. Decisions... decisions
I'm starting to be very intrigued in this whole side of business, so i'm gonna take action & start on the light side with gumball machines. I live in a good area, around a mall, high school/middle school & a couple salons. i will keep myself on low expectations as that can make or break you in business
I used to do vending machines. The way to make as much as this guy is claiming is to find large scale locations that aren't interested in servicing their own machines. (Amusement parks, huge government buildings like post offices, airplane terminals, etc) Those afformentioned large-scale locations require you and other private contractors to bid on the location against eachother just for the right to place the machines for however long your contract says. The problem for the little guys is that these auctions from the start are prohibitively expensive. Say for example, LAX or Disneyland contracts expire and then those companies begin an auction for a new contract with a new company, for LAX or Disneyland it won't be unheard of for the bids to reach double digit millions. You had to be a big boy to play with Disneyland or LAX in the first place, in other words. That's besides the fact that the machines are becoming so much more expensive to a point where it would take years to break even on them due to parts shortages and other supply issues. Vending machines are also falling out of favor here in the US at the moment. With the majority of machines still existing in afformentioned amusement parks, large post offices or government buildings, and hotels. I wonder how much of his 700k profits are from the classes he's selling on the side and not directly from the business itself?
He stated the 50-30-20 rule. If 30% is going to wages, then $50,000 x 12 months x 0.3 = $180,000. Is that split 3 ways? So $60,000 each? $60,000 is not terrible, but I would have thought it would have been better unless this is a side hustle and you have other income streams. Do you make enough for this to be your full time?
Generally no. The place you put it generally sees it as a service to their customers (think auto service, people are sitting there waiting for their car to be done).
No, vending machines are considered a service being offered. The facility avails the service and once they don't need it, the machines will be pulled out. Hope this helps! ☺️
@@saulgoodman2018 True some businesses do have their own, but it depends on the business/boss if they want to deal with refilling, service and they might not have enough time and etc.
Depending on where you live you may also have to worry about your machines being sabotaged by corrupt competitors. Even be prepared to be threatened with physical violence via phone and/or email, etc. It happened to an ex co-worker of mine. He told me all sorts of stories about that shit. That's one reason he no longer was doing the vending machine thing and he worked where I was at.
Anyone renting a huge space like that is better off building their own storage location ($1600/month is $19,200/yr) and renting out the rest of the units.
if He could save up and Purchase his own warehouse, use one of the spaces for his business and rent out the others to help pay for the real estate that would be a powerful move to free up his overhead costs.
Love this, I thought about this idea maybe 18 years ago when I came across an article on entrepreneur magazine. My job even installed a machine I was thinking about getting, but as he stated. You need to purchase good quality vending machines, because this vending machine door or part where the snacks were dropped was so large many of my coworkers were able to reach in and steal the snacks. I felt bad for the guy and his wife who did this but I’m not excusing my coworkers bad behavior but they should’ve researched the equipment before buying them.
@UpFlip I've shared this video with all the people in my circle and we've been brainstorming and coming up with a plan of action for the last 9 hours. This is the most informative and useful video in all of UA-camdom, not a single wasted minute. God bless you and Hill Vending for sharing!🙏🏿🙏🏿👑👑
i have a couple apartment complexes I'm thinking about trying this. I'm considering going through the trash and researching what people buy the most I know this sounds crazy but the logic makes sense to understand what's consumed and desired
The vending machine business is not nearly as good as what people think. These videos are made to make money they never tell you this is extremely difficult to get any locations, stocking and collecting for numerous machines is a almost full time job. The issue is great locations have their own machines, bad locations don't make money and the market is saturated thanks to all the "free knowledge"..... the truth is there is no easy money or looks good in a video, but the reality is much different.
Thank you for sharing your perspective on the vending machine business. It sounds like you have experience in the industry and have found it to be more challenging than some may expect. It is important for individuals to do their own research and gather as much information as possible before deciding to invest in any business. Thanks for taking the time to watch. 😊
@John G well i agree so let's say we can make up numbers and sure we have a great business🤡 it's not a great business but it's a great youtube business🤣
My Dad has a bunch of money sitting in the bank and I want to take his money and start a business with it. He'd be able to buy new equipment right off the bat and I'd run the business on the weekends until I can quit my job. I'm dead serious about starting this type of business.
Go small-scale first to see if anywhere in your community has a demand for this kind of service. The vending machines at my school don't turn profit because the students get free food often & there's a grocery store a short drive away.
Good luck . Everyone already has one and most of these places own their machines. You would be lucky to get any spots. Every place has been asked a million times to put a machine in. Maybe you could buy someone route.
Seems like it would be tough to start this simple because most businesses already have a vending company they deal with, and the only way In would be to undercut their prices drastically…🤔
Yeah and it needs to be in a high enough traffic area to make this work. And one has to be lucky enough to have the money to be able to afford to be involved in it.
@@donaldlyons17 yeah its bullshit. maybe with a small loan of close to 500k and somehow magically have a lot of prime locations somehow available this could work. . but the reality is there is no market anymore. . and the only way to get in is to buy out someone elses company with its contracts. Which pretty much rules out anyone who already doesn't already have access to a large amount of money to begin with.
id also love to know the yearly revenue on the route you bought , and where you have scaled to since. Buying out a business is far different then doing a ground up operation
I’m still a little confused on what his take home is after everything maybe I missed something tho. Can someone fill me in if so? Nice to see you back!
100 machines making 500-1000 a month. Average at 750/month/machine = 75k per month total = 900k / yr 30% take home = 270k. He said he uses that 30% to pay his guys too so he probably keeps 100-120k
@Kclmnop exactly, which while decent no exactly eye watering. I mean no shade from me,ll good for him, but for me there are other businesses that can net you over 100k that take way less than 8 years to build..
I met a guy from the middle east who is doing this. Guy is all set. Making about 15k a month. Tough trying to get into a venue where someone already has a vending machine set up.
@@UpFlip Oh I agree with you it never hurts to ask. Maybe the venue isn't getting as much of a cut of the action or they aren't getting the snacks they want in the vending machine. That said, I'd imagine there's contracts already in place to keep the vendor locked in there like an Alabama tick (borrowing quote from Blain in Predator).
![Businesses that Always Fail? 7 Businesses with Shockingly High Failure Rates [Backed by Data]](http://i.ytimg.com/vi/WTDYuRVZDbo/mqdefault.jpg)
Learn step-by-step how to start your own vending business with Adam: bit.ly/3LNKbtx
Is there any chance for a video on a trash bin and dumpster cleaning services.
Ask me how I made 7 million a year taking massive dumps at warehouse facilities then coming back in 1 hour as a janitorial business and pressuring them to a monthly subscription
@@JTL17761
Since covid hit a lot of people are using online shopping app's that deliver instead of going to store's themselves depending on on the discount you get from using online shopping apps. You could save a lot of money if I was going to start vending machine business would start with five vending machine's two soda machine's an three snack machine's and place them in high or mid foot traffic
How much money do you have to pay the landlord for putting the machine there?
This guy is legit, humble, no ego, and sharing his business tips with the rest of us.
Bought Adam’s Course a year ago and it did nothing but made me grow into a very profitable living for my family and I. The dude is honest and very intelligent
Thanks for sharing your experience regarding his course! Any tips you'd like to share with the community? ☺️
hi adam how much for the course brother ?
@@LeaveMeAloneBleez $797
Prove it? ...
@@LeaveMeAloneBleez Be careful!
I had 120 soda and snack locations in the 80’s. The biggest issue, other than employees, is the low barrier to entry. The best locations see the money coming out of the machines and decide to put their own machine in.
Thanks for sharing your experience! How did you make it work back then? ☺️
This is exactly why I think its a bad idea. If I had a business id put my own machine In.
@@pbufh and keep it stocked, too? And what happens if it breaks? Spend a few hours on researching how to fix it, ordering parts, a few more taking it apart...
If companies bought their own vending machines, they'd have to source their own snacks, right?
Otherwise, wouldn't it cost more to buy snacks for your vending machines?
How much do you pay the company that allows you to put the vending machine in?
I’ve been a route driver for a vending company for 2 years now I love the business I love working and fixing the machines it’s my passion
Maybe time to start your own?
That's awesome! Do you own any machines as of now?
How do you become a route driver?
That's amazing. Glad you found that.
Hi, what company do you work for, I am interested in buying a machine and start my own business.
I had one buddy that made like 1500 a month off a machine in a small village like town with only a dollar general there. He would tape a 5 dollar bill to a few cans in the machine that said winner on the can. It worked pretty good
What a neat idea
But I thought cans just came out one by one?? It's not like it's a grab what you can with claw
That's cool!
i freaking love that
@@sellbydateyeah but people will still be inclined to spend another $2 to get another can of coke, get their money back, and an extra $5. Pretty good idea.
my name is Joshua Jesse Owner & operator of A power washing company I.E AGUA-WASH & your channel changed the trajectory of my life!Specifically the video on Northwest Soft-wash, i will within the next few years be featured on this channel!Thank You!
We can't wait to feature you on our channel. Best of luck! 👊
Because of UA-cam and TikTok, vending has become far too saturated as of late. As someone who operates 100 machines as well as a few micro markets, I can tell you that this is a terrible side hustle right now. However, if you're willing to blow past what 99% of people will do, 1 machine here or there at some random apartment complex, and really push through that initial failure, you will see that it is a great career that gives you a ton of flexibility for the income it provides.
That's so cool that you have so many machines @schultz22657 ! Did you learn anything from the video to take your business to the next level?
It seems like $700k is his revenue, which at 30% margins is $210k, and he has 2 employees. Just wanted to reinforce that this is a lot of work for a decent family business, but it's not an easy cash cow.
I bought a combo vending machine a few years back before Covid I haven’t done anything with the machine. Thank you for this video I will try my best to start my vending business!
How’s it going?
sup man can you help me with it
People, if you are afraid of hearing no. This isn’t for you. This is Sales, relationships and accountability. Sales but at the Owner level.
Absolutely right! Were you inspired to start your own vending business? ☺️
The vending market is extremely saturated and very few people will have this guy’s success.
I was thinking this, too. Also, the average US citizen is 100k in debt. "Asking family for money" I don't think is usually a good idea to start a vending machine business, unless they also have that dream in mind. Which it wouldn't really be you just going to them and asking for money.
Also, I can imagine buying one of those things for 3.5k and having difficulty reselling if the business flops. He made it sound as if reselling it would mean you can basically have no loss if the business goes under.
I call bullshit. He lucked up and makes it sound like a piece of cake that anyone can do.
Sure another get rich bs
Damn yall are negative, if you have enough hassle you can definitely run a successful buisness maybe not on this level but it's definitely achievable
The only barrier is location otherwise it can't fail as long as you hustle
Bigger with low profit margin still pays a lot for one guy... the bigger access and economy of scaling up eats the competition.
This buisness owner just takes the time to tell everyone how they can do it them selves shows how he is a kind dude. And the dude ask good questions.
He seems like a very transparent Down to earth man❤thanks for this
I just turned 17 I’m in high school I live in South Africa here there’s not so many vending machines in the country so I’m thinking on taking the vending machine business to South Africa.🇿🇦
Why not? You could be successful with that! 👊
Be careful though, some assholes will break the glass to get free food.
There's no vending machines because you already know why. The profit loss would be exponential.
There's no power in South Africa
Definitely the best video so far doing my research no negative or deterring information honest informational and inspiring 🤙🏽
I own 22 vending machines and i have them on heavy foot traffic manufacturing warehouses the cheaper the product the more u sell
Every other day i have ti fill up ..more work more dinero🤑
I worked at a warehouse now as a diesel tech both locations have machines and they make pretty good sales what did you do to put them in the warehouse also which warehouses ?
Bro me puedes decir como has pillado los sitios pa poner la maquina?
@@quack3445do you pay the electric from the company you putting the machine in or around how do that works
Get 5 million people to watch your vending machine video on UA-cam, that's how you make 700k per year.
700k is such a fake ass number that's thrown out there to get people to buy his magic course. I manage over 200 machines over his 100 and gross 700-800k a year. If he's doing 700 on just 100 he's managed to get the best locations and has no duds and that's just not reality in the vending world. Each machine has to make $300 in sales a month which at the median is at least 150 individual sales a month (were talking major factories or production manufacture accounts that get those numbers. Now that's very doable for good accounts but not all accounts. To put things in perspective I fill anywhere from 30-40 machines daily 5 times a week. Thats alot of time and I also put on over 100 miles a day in a box truck that gets 7 miles a gallon of gas. Thats a big expense to consider.
@DennisBonich thats only gross sales. If u sell 100k a year you might bring home 45k and taxed on that as well. Gas aint cheap and the truck you need to service 100+ machines is only getting you around 6mpg. Then factor in warehouse rent and other expenses like parts for machines etc... 100k sounds fine but its really not when running this kind of business. You're basically living off minimum wage at that point.
Lol
This was so incredibly informational and it was free! I can't imagine how much info is in the boot camp.
Couldn't agree more! We hope you can give it a check if you have the time ☺️
he seems like such a nice guy that’s just trying to help people and support his family
Absolutely! 💪
Thanks for the super informative video!! I was really inspired when I went to Japan and saw lots of awesome vending machines with things like hot coffee, full meals, etc. I'm hoping to bring that part of the culture to North America.
Good luck on your endeavors!
I would LOVE to see Japanese-style vending machines here!
I work for a very large corporation whose footprint is from Massachusetts to virginia. They have 1 vending company. There are times where there are 5 spots empty in 1 machine. It takes them anywhere from 1-2 weeks to replenish. Machines appear to be cellular. It's like they just don't care because they have a lock on the corporation
Sounds like a ripe time for another company to bid. I can already hear the opening line... "I noticed you have 5 empty slots! How long have they been empty?" 😂
all machines are cellular for credit. unless the company wants to pay for cables to be run to the machines that's on them this is also not safe for customers as its easier to get the credit card info which is why we use cellular. sounds like you have a shitty vending driver that isn't servicing the machine when they need to. Should be serviced once a week on the same day and if there's still 5 empty slots, they either need to double up product and remove the slow-moving product or they need to make it a twice a week stop. Also, if your corporation is that large, they are 100% getting a commission on the sales which is why the vending company is locked in a contract with them. Likely have a contract of 5 or more years that can't be breached. Also, you got to understand most drivers are payed over 25 and hour to service these machines if they have to drive out of the way to service 1 machine that has 5 slots empty it might not be worth it. There's a lot of cost factors that go into when a machine is serviced. This guy is showing machines that are freshly filled. He 100% has machines with empty slots any given day of the week that's just natural. But it shouldn't be empty for more than a week as every machine that sells out a few columns should be serviced at least once a week on a schedule.
@@XingCollectablescan you tell me what the definition of "cellular" is?
What a terrific video, high quality guest, high quality production and fantastic content. I don’t think there’s any other video on UA-cam explaining this business with this level of detail. Congrats and thank you!
Good job. He decided to put his fate in his own hands and it paid off. Like to see this.
Couldn't agree more! Hope this sparked inspiration. ☺️
Three big issues I had with my vending business. 1. You better be mechanically inclined if you want to own vending machines. They constantly breakdown. 2. This is an ultra competitive market, it is very difficult to get established into money making vending locations.
3. Feeding people junk and contributing to America’s obesity problem for profit. I just couldn’t morally do it anymore.
Be careful people, I have lost a lot of money in the vending business
Not being sarcastic just asking you what does it mean to be mechanically inclined? Like servicing the machines?
in this video adam say it thats why its importan you chose your machine, dont just buy them cheap, you will lost money because need to service it more,
if you want to be reach - you must to be btch.. It’s some song was about ..
I want the vending machines from
Japan. The one I can get warm coffee, cold coffee,
@@jsmith-u5icouldn't agree more.
This dude is brilliant and loves what he does… 🔥 episode
Plus the money ain't too bad lol
This is 🧢 Their business is selling courses, and likely the machines. Be real, how often do you see a vending machine? How often do you use one? How many sales do you need to make 700k PROFIT, not turnover, on items you make 10s of cents on? Even a dollar profit at 50% margin is 1.4 million sales before tax
I used to use vending machines all the time until I started eating healthier. Now they have no options for me. They don’t even usually have more than one diet option, so I usually just get water if anything. No snacks.
200 machines, 7000 snacks sold per machine per year,
How come the location's owners don't want a cut in the profits?
Where do you get your power for those machines?
Family FAMILY FAMILY! all this would not be possible without Family, that's the most important part! I commend you and I thank you for sharing your experience and wisdom!
That's true. Family is everything 🙏
Dom Toretto be like
This is gold. Keep them coming 👏👏
Love the in depth info
You have to restock, give the card reader a small percentage, maintenance, good location, get a store to say yes, then when they see you collecting all this money, theyre gonna kick your ass out and put their own machine in, there are a million drawbacks to this
There are hurdles in any business, otherwise everyone would be rich. Some people think like you do any never try. Others get to work, learn, and become successful.
Great job. I appreciate how informative and professional things were produced. Thank you
We hope you learned a lot from this video. What are your takeaways?
I'm new to all this, feels overwhelming but I won't give up on
learning this. Thanks for you clear explanation from the very
beginning!🇬🇧
If it was as easy as buying a vending machine and putting it in a shop everyone would be millionaires
You're welcome! Learning something new can definitely feel overwhelming, but it's great to hear that you're not giving up. Keep it up @Paul mark!
@@travisbickle0526 so true
Anything ever come out of it for you?
@@travisbickle0526 you said it
In a lot of larger factories that are union controlled you can plan on giving them a big cut of your profit.
Location is essential,.my vending machine only yield $10 sales per day 😅
it's nice he made a course on it. He sounds really nice and authentic. This channel is fantastic.
It would be helpful if people would not brag about their gross, but instead explain their profits after expenses. That's what matters. Gross is totally irrelevant except that some people think it's bragging rights.
Adam does talk about his exact figures in our course. If you're interested, please give it a check! ☺️
exactly what I'm thinking, say you have 700k in gross, 350k in profit, then payroll? Taxes? You are back to sub 200k a year.
⁸😢😮
With a valuation of his company now well into the millions, which you can then sell once you are ready. Imagine making $150k per year and then being able to sell that revenue generator for $3-5 million whenever you wanted to. Not bad for 8 years' work if you ask me.@@johng5261
@@johng5261plus paying employees, insurance, etc
I had one buddy that made like 1500 a month off a machine in a small village like town with only a dollar general there. He would tape a 5 dollar bill to a few cans in the machine that said winner on the can.
I tried vending machines but sold healthier choices. It was a failure. People want their Coke and Doritos.
The vending machine company says they will help u get a location but the goo spots are taken. Location is the most important part and product people want and recognize.
Buying an established route is a great idea. You do have to be on call 24/7. You would need a coworker to help. I personally do not recommend this but i made mistakes for sure. Sold the machines at a loss to a guy who knew how to service them. So he just aded to his arsenal.
Maybe you could try again? ☺️
Since all these videos came out about vending machines. The biggest issue is finding a place to put them. And also the places you put them what most of the revenue from them. Remember we live in a greedy country. Used to be a great business.
Interesting to note that the new cutting-edge, credit-card reading machines cost 10 times what an older-generation machine costs. HUGE capital outlay to get into the vending machine game. I assume that most locations already have vending machines. I would be concerned about broken-down machines; it is good to know that there are sub-assemblies that can be pulled out and replaced.
And guess what, the majority of the times the think that it is not working is the stupid Nayax card reader, the majority of the complains that I received is that the Nayax card reader it's not working and in Australia is the only company
that´s supplied this service.
You buy a 700/100€ old one then intregated with a slot comp for sum up card payments (?)
Would love to find out what the average split is with the location owner. Was one of the main items that was not addressed in this video but super important to start the business model. Will probably be addressed in the course but still would be handy to run some really crude numbers
Thanks for your comment @kevinvanwulpen9598 ! A lot of these questions are answered in the course here: www.upflip.com/courses
@@UpFlip trying hard to sell, need to see more community action here.
@@Neceros its free bruv
That’s the information I’m trying to find out
Cogitative👍
He's back! Finally!
Yes, he is!!
Thanks so much for sharing. I've been seriously thinking about the vending business.
Great episode and Lots of great information/value here 💯💯💯
Glad you love this video! Your appreciation means a lot to us and motivates us to continue producing content like this. Do you have a business topic you want to see next on the channel? 🤔
Dude I worked at Home Depot when I was about 18-21 and one of the first things they taught me was vending machine businesses. One of my best friends recommended it because they're easy, low maintenance, and they have high value of opportunity for cost ratios. Very lucrative ever since 👍🏽
That’s awesome! Thank you for sharing!
Okay, I’ve seen a lot of your videos and this one is the one where I’m going to take action. I really enjoyed every part of this video. It left me wanting more information. With that being said you guys seem like very honest people and I hope this boot camp is really worth it and i don’t feel like I just handed you guys money for nothing. I’m going to purchase the boot camp tomorrow.
We are humbled to know that our videos can make an impact! We hope you take these lessons to heart and apply them for success. Cheers to your success, and see you at the boot camp! 🔥
I am on the same path, How was the bootcamp? Did your business grow from the bootcamp?
Locations can be hard to find and you will need to restock the machine constantly. you also need a mechanic on call if something goes wrong. Its not an easy business.
Digital marketing is much easier but they are very different paths and we are different people. Some people are killing it with vending.
Let me know how its GOING !
Lies again? Design Technology USD SGD
Hi, I'm from europe and yesterday I started wondering about placing machine's in my area. I find it hillarious that you uploaded this video yesterday! I mainly thought about starting a vending machine "shop" where people could come 24/7 to grab a snack, however placing them inside other companies seems like it might be a better idea. One thing I didn't hear you guys speak about is whether you actually pay or get paid by the customers to keep these machines in their companies? I assumed the customers would want some of the profit but hopefully I'm wrong!
I should've read the comments first since my question is allready answered!
Thanks for watching this video and reading the comments! We hope your question is fully answered. If you need to know more, let us know! ☺️
I have the same question. What is the answer?
@@tommyls4357 I didnt find it either (
I was looking into starting a vending business a while back before the pandemic. One thing you guys didn't really talk about is a lot of the properties where you'll want to put your machines will want a cut of the profit. What's an acceptable amount? 10,20,30%? Do you just find locations that will let you put them there for free?
Good question.
This is something we discuss on our course with Adam. Thanks for pointing that out ☺️
Just know networking is key, I know a group of guys that do this that know people who undercut competition and still are profitable
@@UpFlip so, you couldn't just simply answer the question. Wow. I see greed got the best of you.
@@du24pont70 Honestly, we don't know the answer to that. But all such things are covered in the course and whatever is not, is covered in the monthly webinars. We hope Adam responds and gives the answer. We'll remind him to respond to comments when he can ;)
Companies like Canteen run multiple routes with full staff people. All their routes are multi million dollars too so that claim that "nobody else is running my numbers" is false.
1,600sqft warehouse for $1,600/mo
“That’s not bad…”
That’s a dollar a sqft, my guy. Where is this warehouse? Narnia?!
I’m a 16 year old kid that is going to buy a machine not to make a living but to have money I can put away and save for college or for other machines. Anyone that wants to help me understand more about this side hustle please tell me. ❤🎉
My biggest question that wasnt addressed is what kind of agreements do you do with the location's? Do you pay them a set monthly rate? Or do you pay them a commission of all sales? How does that part work?
It actually depends on the account. Sometimes it's commission based but most of the time they'll pay for the service.
@@UpFlipsort of a big point of convo, missed. 😊
Say it's $1000 per machine every month, and with 100 machines that's $1.2 million per year. 30% of that goes to salary so $360,000. Split that between 3 to 4 employees then it's about $90,000-$120,000. That's pretty good, but it could be less than that if each machine only averages $500 to $700. But if all it takes is two days out of the week, that seems really good.
Assisting the obesity crisis is a lucrative business model.
Good informative video. I'm here because I acquired couple vending machines from a storage locker. Basically have very little in them. Good machines with card readers. One is a snack one is a drink. Wittern machines. Was planning on selling them but I'm kicking around the idea when starting a vending route. Decisions... decisions
I'm starting to be very intrigued in this whole side of business, so i'm gonna take action & start on the light side with gumball machines. I live in a good area, around a mall, high school/middle school & a couple salons. i will keep myself on low expectations as that can make or break you in business
Did you do it?
Great video from you and Adam, thanks very much. Now I know the process of starting a small vending machine business.
This was an incredibly detailed video! Great job!
Thank you! Hope you learned a thing of two from Adam! 🙌
I used to do vending machines.
The way to make as much as this guy is claiming is to find large scale locations that aren't interested in servicing their own machines. (Amusement parks, huge government buildings like post offices, airplane terminals, etc)
Those afformentioned large-scale locations require you and other private contractors to bid on the location against eachother just for the right to place the machines for however long your contract says. The problem for the little guys is that these auctions from the start are prohibitively expensive. Say for example, LAX or Disneyland contracts expire and then those companies begin an auction for a new contract with a new company, for LAX or Disneyland it won't be unheard of for the bids to reach double digit millions. You had to be a big boy to play with Disneyland or LAX in the first place, in other words.
That's besides the fact that the machines are becoming so much more expensive to a point where it would take years to break even on them due to parts shortages and other supply issues. Vending machines are also falling out of favor here in the US at the moment. With the majority of machines still existing in afformentioned amusement parks, large post offices or government buildings, and hotels.
I wonder how much of his 700k profits are from the classes he's selling on the side and not directly from the business itself?
The $700k is gross. 20-30% of that is profit, so $140k - $210,000
I can confirm Adam’s course is well worth it!
Wow, thank you for the compliment @kodydiy3028 ! So glad to hear you enjoyed the course!
Bot🤖🤖🤖
@@andrewjones4774 no u
He stated the 50-30-20 rule. If 30% is going to wages, then $50,000 x 12 months x 0.3 = $180,000. Is that split 3 ways? So $60,000 each? $60,000 is not terrible, but I would have thought it would have been better unless this is a side hustle and you have other income streams. Do you make enough for this to be your full time?
Quick question, do you have to pay rent when you leave your machines at a location?
Generally no. The place you put it generally sees it as a service to their customers (think auto service, people are sitting there waiting for their car to be done).
@@jasonburds They are all twix.
No, vending machines are considered a service being offered. The facility avails the service and once they don't need it, the machines will be pulled out. Hope this helps! ☺️
@@UpFlip Then why would a business do that?
They can then buy their own machines and do it themselves then.
@@saulgoodman2018 True some businesses do have their own, but it depends on the business/boss if they want to deal with refilling, service and they might not have enough time and etc.
That's what I love about new entrepreneurs they want to share the wealth of their knowledge instead of keeping it all to themselves
Be strong in sales if your gonna get into vending it's fiercely competitive
Fortunately for us, Adam shares his tips on how to stand out from the competition. ☺️
Depending on where you live you may also have to worry about your machines being sabotaged by corrupt competitors. Even be prepared to be threatened with physical violence via phone and/or email, etc. It happened to an ex co-worker of mine. He told me all sorts of stories about that shit. That's one reason he no longer was doing the vending machine thing and he worked where I was at.
Anyone renting a huge space like that is better off building their own storage location ($1600/month is $19,200/yr) and renting out the rest of the units.
this is absolutely amazing
Did this for 15 years, best time ever.
That's awesome! How was it back then? ☺️
Awesome episode 👍
Thank you for the kind words ;)
Incredibly great info man this explains alot earned a sub
This was very informative, thank you I will be taking the course!!!
I’m in NJ too and have 20machines and 15 locations. Maybe I can help you
U still in business?@@showrunner2183
The competition is crazy in this industry but this guy is a genius
He is selling you bs Everything is a get rich scam
Do you have to pay the business a % of sales?
Good luck finding a store or a good locations that allows you to use there site. Most are already taken.
"@luke_8_17 " you are probably right
I've been waiting for your videos man. Been too long 😢
HAHA we're thrilled to hear that people are eagerly anticipating our videos ;)
if He could save up and Purchase his own warehouse, use one of the spaces for his business and rent out the others to help pay for the real estate that would be a powerful move to free up his overhead costs.
I definitely want to start this as well. Upflip, y’all want to know what happens?
Yes, please tell us!
Love this, I thought about this idea maybe 18 years ago when I came across an article on entrepreneur magazine. My job even installed a machine I was thinking about getting, but as he stated. You need to purchase good quality vending machines, because this vending machine door or part where the snacks were dropped was so large many of my coworkers were able to reach in and steal the snacks. I felt bad for the guy and his wife who did this but I’m not excusing my coworkers bad behavior but they should’ve researched the equipment before buying them.
Newer machines are able to solve that issue! :)
If you're making 60k a month I can promise you that you're filling those machines more than twice a week
They developed a schedule for them to fill the machines. Some machines do well than others. It all depends on the location! ☺️
Sounds like your jealous
@@Kentarius No he is asking for an honest assessment.
Bro - your one in a million that can profit - as you advertise
This is inspirational and motivating.. thanks for this🙏🏿
Glad it was helpful! Were you inspired to start your own vending business? ☺️
@UpFlip I've shared this video with all the people in my circle and we've been brainstorming and coming up with a plan of action for the last 9 hours. This is the most informative and useful video in all of UA-camdom, not a single wasted minute. God bless you and Hill Vending for sharing!🙏🏿🙏🏿👑👑
@@CB-jz7bo thats what we like to hear ;)
i have a couple apartment complexes I'm thinking about trying this.
I'm considering going through the trash and researching what people buy the most
I know this sounds crazy but the logic makes sense to understand what's consumed and desired
I learn a lot . Thanks Adam👏
Hope Adam inspired you to kickstart your own business venture! 🔥
The vending machine business is not nearly as good as what people think. These videos are made to make money they never tell you this is extremely difficult to get any locations, stocking and collecting for numerous machines is a almost full time job. The issue is great locations have their own machines, bad locations don't make money and the market is saturated thanks to all the "free knowledge"..... the truth is there is no easy money or looks good in a video, but the reality is much different.
Thank you for sharing your perspective on the vending machine business. It sounds like you have experience in the industry and have found it to be more challenging than some may expect. It is important for individuals to do their own research and gather as much information as possible before deciding to invest in any business. Thanks for taking the time to watch. 😊
Well, say you have 700k in gross revenue. Thats still only what? 300k in net profit *before* payroll? How is this a good business?
@John G well i agree so let's say we can make up numbers and sure we have a great business🤡 it's not a great business but it's a great youtube business🤣
@@johng5261actually out of 700k- 210k would go to salary 70k to business (fuel, rent etc) and about 350k to products
@@johng5261that would equal he makes about 70k a year, running 100+machines
I love all these paid for comments. like 1% of vendors have this level of success.
Can we see the spotlight on some business owners in rural areas?
Great suggestion! Definitely will be on our list. Any particular business topic you want us to cover?
Awesome video, great opportunity to grow. Love helping business grow their revenue trough private funding!!!
My Dad has a bunch of money sitting in the bank and I want to take his money and start a business with it. He'd be able to buy new equipment right off the bat and I'd run the business on the weekends until I can quit my job. I'm dead serious about starting this type of business.
Do it. Sounds like a good opportunity
"How to lose your dad's monies"
Why not? Adam started with the help of his family's money. They believed in his vision, and we hope your family does too. ☺️
Take half and see if can run it and get profit...
Go small-scale first to see if anywhere in your community has a demand for this kind of service.
The vending machines at my school don't turn profit because the students get free food often & there's a grocery store a short drive away.
Good luck . Everyone already has one and most of these places own their machines. You would be lucky to get any spots. Every place has been asked a million times to put a machine in. Maybe you could buy someone route.
Adam explained how he got good spots, but he shared more in-depth methods on our course with him ☺️
@@UpFlip yeah ok
I would love for to do a video with an ATM business owner
Great idea! We appreciate you tuning in! Thank you! ☺️
Seems like it would be tough to start this simple because most businesses already have a vending company they deal with, and the only way In would be to undercut their prices drastically…🤔
Yeah and it needs to be in a high enough traffic area to make this work. And one has to be lucky enough to have the money to be able to afford to be involved in it.
Adam did share his tips on how to get clients without price matching. To learn more about it, please keep on watching! ☺️
Can you tell us?
@@donaldlyons17 yeah its bullshit. maybe with a small loan of close to 500k and somehow magically have a lot of prime locations somehow available this could work. . but the reality is there is no market anymore. . and the only way to get in is to buy out someone elses company with its contracts. Which pretty much rules out anyone who already doesn't already have access to a large amount of money to begin with.
id also love to know the yearly revenue on the route you bought , and where you have scaled to since. Buying out a business is far different then doing a ground up operation
I’m still a little confused on what his take home is after everything maybe I missed something tho. Can someone fill me in if so?
Nice to see you back!
He takes home 30% .To learn more about it, please keep on watching! ☺️
100 machines making 500-1000 a month. Average at 750/month/machine = 75k per month total = 900k / yr
30% take home = 270k.
He said he uses that 30% to pay his guys too so he probably keeps 100-120k
@Kclmnop exactly, which while decent no exactly eye watering. I mean no shade from me,ll good for him, but for me there are other businesses that can net you over 100k that take way less than 8 years to build..
@@anonymoususer1824 Ah, true. I would like to know, which would be?
@@kclmnop4372 Seems like alot work for 120k/year.
what a amazing video, i was really interested to start in this bussines and this video makes me confident to go foward. so clarify.
can you do an episode on porta pottys?
Interesting suggestion! Thanks for the idea! ☺️
Yuk. You can't pay me enough to service those lol
I met a guy from the middle east who is doing this. Guy is all set. Making about 15k a month. Tough trying to get into a venue where someone already has a vending machine set up.
You'll be surprised how many locations are unhappy with their local providers. It's worth the ask! 😉
@@UpFlip Oh I agree with you it never hurts to ask. Maybe the venue isn't getting as much of a cut of the action or they aren't getting the snacks they want in the vending machine. That said, I'd imagine there's contracts already in place to keep the vendor locked in there like an Alabama tick (borrowing quote from Blain in Predator).
In the past years, many vending machines have been broken into. Cash or no cash won't matter. How do you address this trending problem?
Pro tip : whenever you see stuff like this, do not get into it. 1.9mil views - suddenly everyone is trying to get into it - aka saturated market.
Well, I love your videos like this beacuse they are sooooo thorough! thanks!
Thank you so much! We’re thrilled to hear you enjoy the in-depth approach. Your support keeps us going! 😊