Why I QUIT My VENDING MACHINE BUSINESS and PROS and CONS
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- Опубліковано 27 вер 2024
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I appreciate it bro
@@Just_TYE thanks for always showing love
I will sub to your buddies channel... I am trying to do the same so I know the struggle. But showing support is free so why not support as many people as we can...
The thing with vending machines is you have to look at it as an investment not a quick money maker. You need to very selective with your locations pick places you go to anyway. Think about the money spent as money put into a bank. But you own the bank and have to care for your investment a few hours each year.
I look up to you Reyes! Im naming my baby boy Rey!
If youre going to get into vending, do full line drink and snack. Secure a location, then buy a machine or 2, refurbished from a company. Not the public. The company will deliver to your location and give you information on maintenance and setup. Location is what matters. You want 24 hour companies with 100-300 employees. Make sure your machines have CC readers. It increases sales. Know how to do your own repairs. Stick with 1-2 brands of machines for drink/snack or combo. If you got to do repairs, you'll know how. If there's any jams or anything else, you'll have the know how.
Better advice than this whole video. Thank you for sharing
@@buckadillafilms also, one of the city buildings have all the info on up and coming businesses in your area. If you call them. It's public information. You can contact those companies and try to land a contract before they open.
@@reviewsjustcuz1437 That's a seriously good. tip. Thank you again!
high schools as well are the best locations imo.
Agree. However, I have been in the vending business for 20 years. In So Cal getting those plus employee locations 24/7 are the holy grail . Good luck It is like hitting the lottery . I had a few and Coca Cola and Crane stole them from me with bribes It can be a nasty business Trust NO ONE
One of the worst things is when a business calls you and tells you to remove your machine TODAY
thats why you have them sign a contract in the beginning that states you have 2 weeks or 30 days or something to remove the machine if the business request it to be removed.
This dude said OnlyFans didn’t exist back then. Loooool.
I know right
🤣🤣
That shit had me dying
The same people calling you out for quitting are the people that will never buy their first machine
Facts
currently calling him out and currently have a vending machine business with machines, so i guess whatever bs you just spewed up is out of the window
I think vending machines are a win win. IF you have the right locations and proper retailers. Get those 2 things straight and you can't lose. It's not a get rich quick business, but the profit is there.
I would not trust the civilized people to treat the machines fairly with respect
Yeah, locations first then get the machine.
I live in the 4th fastest developing county in America and a twenty minute drive from the largest city in Florida as well as having relatives close to the beach-side part of the city and a fifteen minute drive from the oldest continually inhabited city in the nation so I gotta try this.
It is the best way to start big business without any loans
Reyes quit because he started making that UA-cam money .
He gets $500 for every 13 views
@@wileecoyote5749 if thats correct he made 2 million from this video, stop spreading false info.
he made a video about this, he makes about 5$ every 1000 views
@@blackwaltz3135 which is still above average cpm
@@wileecoyote5749 ok stupid
That was the funniest phrase... "Maybe you could pass it on to your kids, so they can hate life!" 🤣🤣🤣🤣😂😂😂
😂😂😱😱😇😇
IA was brushing my teeth and he said this... Spit it all out lol
Im dead lol 😂 great quote
😅 Smh
It was sooo funny
If you have the money to start one with good locations I definitely recommend! I work for a guy that owns 150 machines and it's well worth it!
150 machines is no longer passive that’s a full time job to manage
@@kenlawdhammercy5804 If you are talking Full Line Yes. If you are talking Bulk - NO! Shelf life for bubblegum is 2 - 3 months. Once the machines are placed you are servicing - cleaning the machines, checking for ants, making sure the machines aren't facing sunlight, building good customer relations. You have a route and make your route work whereby you check on your machines every 15 days. Some people do every 30. I like 15 because if you have a bad machine, you find out about it in two weeks and rectify as oppose to 4 weeks. Another thing is you invest in solid machines like Beaver. Cheap machines will cause you to work harder, not smarter. Experiment with pricing. I might charge a dime for my products depending on the location. I once had a bulk dime machine at a dry cleaners just for employees and it cleaned up.
Just sounds like a complainer giving all the reasons of “why I don’t want to work”
How much profit he makes? Lying bro
@@edgarmontano473 not complaining. The point of having a vending machine business is to have semi-passive income while focusing on other bigger business
I'm tired of people saying that locations is hard to find! When starting a vending business make sure you go ahead and have contracts wrote up that you and that location sign say 3 month contracts and you pay the person like $50+ depending on vending machine that your using. This means the person will only get $50 plus in a month you will probably not make money but the next 2 months is profitable. But hey got to be smart with a business. Cause a business is about making profit not going broke.
Contracts are risky for the vendor as well, if you set up shop in a bad location youre pretty much stuck taking the loss until the contract is up.
How many machines do you have?🤔
The vending machines is what introduced me to your channel, crazy its been 2 years!
Same bro he really inspirational
Yep. He keeps me motivated. Inspirational guy since the moment I saw him living out of his car!
@@thisguy4614 living out his car???
@@JohnSmith-er7dw ua-cam.com/video/vpfX0xaToAU/v-deo.html yeah man. He made several videos about it. He still references it sometimes. Anybody able to make it through that kind of struggle and keep going with optimism is pretty inspirational.
Fr
There's nothing better than honest information. It saves people years of their life.
I don't know anything about the vending machine biz but I do know this video has some very valuable lessons that could translate to any other business. I'm actually glad to see someone put so much effort into something (even if they found it wasn't the right fit for them) instead of doubling down on something that was making them miserable. The modern entrepreneurship glamorizing of "the grind" makes people feel too ashamed of just walking away and trying to find something that's a better fit for them. Keep doing you, Reyes!
REYES IS SO TRANSPARENT AND GIVING OUT SO KUCH VALUE MUCH LOVE FROM MALAYSIA 🇲🇾 THANK YOU BROTHER REYES
Thanks for keeping it real and not sugarcoating it. Just ordered a few money making machines and got some possible locations and I asked around a lot. I hope I can make progress with it
How did it go?
Yeah We need to know!
Updates on the machines?
How’s it going
I used to work at this local auto shop and there was this candy machine that the workers would flip the machine over and shake it until candy fell out of it. I felt bad for the guy because he wasn’t making any money out of it. I hoped he moved it away from there. Just gets to show what people would do to your machine when your are not there and also why I’m skeptical about running a vending machine business.
I know someone who bolted it to the wall with to by four
That's actually not possible to tip it over and get candy that way, because of the way it's designed, (trust me I have one). There's only 2 ways to get candy from the turnstile machines, through the base that has a failsafe that won't open unless money is inserted which allows the crank to turn and drop a small amount of candy. The other way is to have the key to open the top lid where you fill it. Of course the third way is to smash it with a hammer. But it's literally impossible to get candy by turning it upside down. The best you would get is candy dust or crumbs if even that because again, the internal mechanism is completely closed unless money is inserted. It's literally impossible.
Do you think they'd engineer something complicated enough to recognize you put enough quarters in to free the crank spring to allow you to turn it and allow just a small amount of candy, and yet not think about how to keep someone from flipping it over and stealing candy?
Come on man, I call b.s.
The best way of running the machine is to refurbish and sell them
@@deefuze1151 it's ez..you just rock it back n forth..
@@deefuze1151 That does not stop the 13% from trying however..
Like many we found Reyes because of the vending machines. Here is to many more hustles!
Appreciate you for understanding my decisions ❤️
I've been watching you for almost 2 years now and you always have the same energy and good vibes. Keep it up brother
He quit cuz he was eating most of the supplies
“Pass down on your kids so they can hate life” 😂😂😂BRUH I CANT WITH YOU
Bro you bought em used without having locations first that's the issue. Thanks for the VALUE! Appreciate your content.
A smart thing you could have done was buy the pallet mover thing for 300$-1000$ then after your done using it rent it out to people for a day at a low price so it sounds like a good deal to them so they won’t have to buy one and just continue to rent it out
Thanks for the shout brother. Everybody hit that thumbs up button for the homie Reyes!
Aye what's up chrome
@@Kai-rs9po
Everything is Fantastic! How are you?
@@ChromeVending tryin to start a vending machine buissness in a few months by age 14 as another side hustle to invest more in the stock market
@@Kai-rs9po
That's awesome to hear. As long as you take the time to educate yourself financially you will be unstoppable with such an early start.
@@ChromeVending Exactly, self education is key
Universal Business rules, doesn’t matter what the business is. It applies to all 1)- You Need a business model. (More than buy this put it here and start collecting. That’s a severe over simplification of a business model. It must be; Well designed and thought out to every degree, making it bullet proof as possible... 2)- Need to accurately calculate your ROI, P&L, Margins, Operating costs, Cost of goods sold, Inventory, and Products.... 3)- Need to do a lot of homework, gather data, you can’t wing it... 3)- Know your competitors and formulate a plan to beat them 4)- Any business has start up and investment costs that take time to recoup, patience, planning, and fortitude... 5)- Have a plan; 6 month, 1 year, 5 year, 10 year, if the tides change or anomalies appear have solutions to be able to roll with the punches (what if’s , plan B, C, etc.)... 6)- Be different than all the others, have a “hook” , that makes you more attractive than others, and peak interests of the “No” people.... 7) Last but not least, you must recognize that you’re in the Service Industry. You must sale yourself before you can hope to get a foot in any door. Nothing comes easy, nothing comes cheap, and your biggest asset along with your biggest limitation is yourself. No regrets, at least you gave it a shot which is way more than most can say.
I feel like you need to have a couple of homerun locations, like schools or big companies. Places where you make a lot of easy money. Then I'd do all the smaller locations ( not a homerun hit but more of a single or double). If you have several profitable locations, you can hire someone part time to service the route. Not worth hiring people if you are making 20-30 bucks a month on a location. A Business is a formula, that you can remove yourself, plug in an employee to run it, and be successful and profitable.
Yessirr💯🔥🍞
You have to have to be generating atleast $100,000 in revenue to justify paying somebody to run your route for you, especially at 20-30$ per hour lol Then you have to go through the hiring process and keep close eyes on them. Not to mention the insurances you would have to provide. Definitely not "a few profitable locations"
You'll have to put wifi on your machines to check $$$ and inventory if you're gonna have someone go pick up cash for you. If you don't know the dollar amount they're supposed to be getting out of a machine and how much product goes back in, how will you know they're not stealing from you?
I’ve been thinking of trying this. Thanks for providing your summary on your experience!
A hair salon? An auto store? It's no mystery why he made so little with the gumball machines. Seek out high-traffic locations that children frequently visit.
I'm just starting.I sold an old car and I bought 2 new refurbished soda machines with all the updated payment methods. Just waiting on placement....I traded the cost of buying a 3rd machine and used it to hire high-end placement service. Wish me luck.
50 seconds into the video, and I automatically liked and subscribed. His energy is just dope.
I think another good place would be Tire and Oil shops where people will be waiting for their cars or car dealerships as well
Gotta secure the location before you buy the machine
The saga has finally ended R.I.P vending machines
This guy, the saga has ended lol hilarious
... gaining weight from all the products I ate!
🤣 🤣🤣💯
“Passive Income” has become the new hot topic. There’s no such thing as passive income unless you’re collecting dividends from stocks. Other than that, you’re gonna work, but you’re gonna do it on your time.
😭😭
****second
I know right...
Hi jaime love you man
Oh man Jamie
Yeah bro! I miss watching Reyes' vending videos!
We appreciate you Reyes. 😎⭐👍
I agree, I was trying to get into the vending machine business, and I started cold calling only good locations, Corporate buildings, warehouses, hotels, etc.... and the first day i called 10 places and most were rude to me and wouldn't even let me speak to a manager. If you are a good sales person you may have better luck, but its not an easy thing talking to these people on the phone (they treat you like a telemarketing call). I may try another 10 cold calls or maybe some advertising on social media, but I am starting to see the hassle of even getting 1 good location.
Try business to business sales. That's how I got my first yes. I bought a vending brochure for $30 from a lady on UA-cam and business cards for $12. Makes you look professional
@@hollyo.7651 who u bought them from?
@@Heyethann Letsjazzitup. She's on UA-cam
Sorry, can someone please summarize the video for me? Why exactly did he stop the vending machine business?
Because he finally broke even after years
“...Bag of chip got stuck, it’s breaking up marriages “ 😂😂😂
😭😭😭😭😭 yo real career is definitely comedy bro I’m subscribing
Dude Reyes is so underrated dude is so funny 😂😂😂😂
Great video Reyes! I'm just getting started in the vending machine business, I traded a bag of Doritos for a snack machine so I have nothing to lose. Hopefully it goes well
Wait what, a bag of doritos for a snack machine? How?
Nope, you have to tell that story😮
How'd it go? Lol
Thats why u give them a 20% cut. Build up over the years and you have 3000 machines
Remember when Reyes got into the jump house business ?! Good times good times!
That’s nice of you to give them for free to the little ones start their own lil business
Vending machines are going to have Bitcoin one day
They already have them. A couple years ago I seen one in a 7-11 and thought it was pretty cool.
"Land of the Free.99"
love it!
That’s socialist
Black Tube - Australia is the land of the free, totally & Covid free as well
We don't have riots, we all help each other, God bless Australia 🇦🇺🇦🇺🇦🇺🙏🌏🙂
Great memories!!!! I remember watching those vending videos I almost thought about trying it 😂😂 then I thought about my area and was like nah I’d also be wasting the gas
sounds like you just had horrible locations and made silly choices on machines without checking them fully
Great lessons that the scammy Vendor "program" sellers never want to tell you.
thanks for being transparent
Maybe you should of rented a small retail space and put all your vending machines in one place that has high traffic
Thats really smart.. Id put any money behind ur brain
Thanks for sharing the pros and cons of the business. I'm wanting to get into vending machines and give them a try 🤷♂️, we'll see how it goes when I do
Howd it go?
@@imasuburbandude299 haven't done it yet. Got to busy with lawn care and landscaping business haven't had time to think about anything else lol
@@JonsDailyHustle completely understand lol😂
I really love the gumball machine video
Two years back I see your video and love them
I aint gonna lie tho, wasn't for you i wouldn't know about the atm machine business and candy's machine business when i watched you 7 months ago. Thanks man.
You just killed my vending machine dreams. Great video reyes
He is right, I work for vending company. It's a lot people don't consider when getting into vending machines. The biggest is location. Also the more machines you got. Then you just created a job. Nothing passive about that
A substainable Vending Business takes years; its a marathon, not a sprint. Most don't realize that and going too fast too big in.
At least I liked your candy-machine-part the most. The big ones come too early. You had to work longer with the smaller ones and build up step by step.
How knows, maybe you come back to Vending; at least you know now how this works.^^
That's what I was thinking.
no wonder you had trouble getting a location, you walking in with flipflops lmao
Why don't you get into the entertainment business, I find you hilarious. Your vids really cheer me up after a hard day's slog at work.
Always shoulder straps they are less then 700 lbs. you use your body to left it. Easy to do
You seem hella genuine. Wish you success in your endeavors
Dude you crack me up.. thanks for making this video entertaining with your expressions.
Most entrepreneurs can’t handle the GRID.....cooked a good breakfast today BUT 365 days later... ouch cant stand the bacon & egg smell. Toast, come on man. Everyday? Tip your waiter.
Do a video with Jamie Ibanez on how much he makes with his vending machine business!! Will be so cool to see another side to it
Hey dont feel bad about quiting , I am about to quit my Amazon wholesale business despite making 800k in sales my 2nd year....WHY? Because Amazon sucks! Their seller support is very shalow, if you have bigger problem than easy there is no help. I had many listings restricted after being approved and just shipped product. I had 30k of shipment which was comfirmed to be delivered to Amazon warehouses by the trucking company, LOST!!! I had my account deactivated by "ERROER" on Amazon side , which they appologized for but , not without me paying 'rescue' company 3k to write to Amazon managers which nobody else has emails for. And thats just few of many many issues I faced in 4 years!!!
Your an awesome person bro, keep up the energy, love it 💛👌
Been binge watching your videos man you make me laugh too much😂😂
Jared The Savage
Same here!!! Lol
This video was super funny and informative! Great work :)
I’m located in California as well, did you need any permits to start your candy business?
just sharing some experience for VM business
1. location (traffic) i only put my VM at university ,college student, factory (at least 1000 people n above)
2. Survey- i prepared at least 100-200 survey form to ask them (student or workers) what they want so product will selling fast
3. payment system- cashless only(less headache)
4.route - dont just buy route, me personally will try my best to get from building/business owner directly. make sure your route not far away from each VM
5.ads- you can put ads for small business on product (canned drink) i used this ads at least to pay rent for my VM
and last, this is not passive income. it a good business with less employee and very easy to handle😄
how do you get these machines in there when its already being taken up by competition??
You are really funny bro. Very nice how you talk openly about your attempts, success and not getting the full results you were aiming for. You are blessed.
America is all about the Hustle!! Anyone can do it here! Just need the motivation and a goal!!
Man I was literally just watching those videos
A small trailer with a rear ramp-style gate would have saved your back. You can buy one for about $1000. Cheaper than a doctor's bill.
If I had the energy like you, I would look into a food truck business. Big bucks.
BUT REYES!!! WHAT ABOUT THE GAS!!
Haha no but I gotta say I love how much the production quality has improved. Great work Reyes
I see it this way I get paid $10-15 dollars at the lowest for less then an hour of work. Takes me 10-15 minutes to fill and collect Candy from the machine. I only however buy new ones seeing the coin mech gets sticky on the older ones.
How's your candy machine hustle going?
Honestly I would have invested in a vending machine route rather than starting from scratch and looking for locations to place them.
Wow I spoke to soon u talk about buying routs right after lol my bad man
Love your honesty and simplicity Reyes! Keep it up!
When u place a vending machine did u create our own contract and how much does the business get per month for you placing your machine. Thank you.
You give away all machines?
gran corazon hermano.
This man is the best story teller best channel ever 🙌 bro thanks such great content
Yooo... as a fellow vending machine route owner who is trying to sell out...I can't give this vid enough thumbs up!!! I can relate to EVERYTHING you're saying and you're speaking nothing but TRUTH!! Thanks for all the great tips and knowledge and documenting your journey. Much success to you. Btw, you know anyone who wants a route on the east coast?! HAHAHA!
Where in the east coast?
@@Hottest-in-da-Hood Virginia
Where in VA? Still available?
@@davidsvir9756 yes sir - Stafford, Fredericksburg, Quantico, and Orange VA
@@hammondb32 Unfortunately, I live too far away from those areas.
Reyes did you sell your machines? I’ll buy them, plus pay for the freight
Yooooo. Im about to get a vending machine and boom this showed up! Thank you!
Hope it helped
Same here now having doubts after hearing your experience Reyes
I cant even take this video serious cause you clearly did not research before jumping in. I'm far from an expert, shoot I not even in the business but personally I would have done things in reverse; started scouting locations and establishing relationships so that I have locations in advance to buying the machine. At the end of the day the machine will be there the locations is the challenge. Take it slow brother in your next venture. Start with reading and research and approach your next dream with calculated moves.
I love your videos!!
HE SAID PROS AND CONS , BUT HE JUST TALKED ABOUT CONS
So when you FINALLY find a BUSY location, it’s a CON? Because you have to refill it twice a week? It’s a GREAT thing because it means you’re making money!!! That’s the whole point!! Find 20-30 busy locations around your city or neighboring cities to keep cost down. Working 2-3 times a week is not a bad thing.
@@smalilay thats a pro i'm talking about PROS
Interesting stuff. People really do not understand how hard it is to run a business. When you first think vending machines it sounds easy but like any business there are a million things to do. Moving huge heavy machines is dangerous and after a while you would be playing the odds for sure. Plus in the COVID age I doubt vending machines are thriving. Thanks for sharing your journey with this business man.. been watching for a while and wondered what happened with your vending machine business.
Nobody ever says what the kick back is to the shop or office that has the machine ? How much ? It’s their electric .
Your from Fresno?
I always wanted to own a vending machine
I love.... Reyes personality. He funny as hell.. lol😂😭.@11:43 pass down to your kids so they can hate life.Great videos bro.
So basically all the cons is normal work?
His comedy is so on point in this video, got me dying.
yo i was crying haha. dude is hilarious, this video is great !
So your mistake was buying a route without doing your research. Thanks for the video, very interesting man.
Love your videos bro learn a lot 💯
10:21 "with your wewitos" 😂😂💀 keep up the great work Reyes!! Love your videos man!
You really say the true.thanks it give me light.