it would be helpful t make a video going over finances...you made £26 in cash plus say £120 in card sales. That's 146 round up to £150. Say half is cost of goods so you're left with £75. Take away insurance, petrol to go restock them, maintenance. Lets say you are left with £50 per machine (75-25). That's £100 in a month. That means you would need about 30 such vending machines to start making a healthy living (30 x £100 = £3000 profit per month). if a vending machine such as this costs £2k that would mean you had to spent £60k to buy these vending machines. Is that a liable business? again, I don't know what I'm taking about but it would be helpful to go over the finances. Cheers for the quality videos.
Hey man, i also own a vending machine in the uk. Veyr much like yours! I saw that you were sorting out the codes for the nayax system. I need help on how i can set this up. Can you do a video maybe??? I want to name products so i know what sells :)
Hi there Harry, thanks for watching! I get why you want to do this, it’s something that’s super helpful. I’ll definitely add this to the list of to do videos!
Thanks for the great videos Sam. Would you recommend going for a machine with card readers? Also how do you get the locations for your machines. Thanks Steven
Thanks for the comment! I have a dedicated video for locations and definitely get a card reader although it may look like an increased cost, it can boost your machine revenue by a lot! Thanks for watching🙏🏻
Might seem like a stupid question but, your buying products taking them home and putting them in a vending machine for the public how do the public know you haven’t opened a bottle and put something in it?
The same way you hope restaurant staff do not spit in your food. Unfortunatley there is not much once can do to prove this but most people would expect the vending machine owner to be a decent business person.
Really depends on which type of machine, I presume you're talking about new machines. Ebay for tower vending and refurb sellers for fiull-line (NEVER EBAY)
Hi this Cameron Murray from Ballyclare in Northern Ireland in United Kingdom I would like to start up own vending machine business just in Ballyclare What I need to start up vending machine business in Ballyclare do you need license yes or no Where about you get your card reader for vending machine
Sam i am look to start this vending machine but don't know were to start .have you bought vending machine through third part company for lease and they install everything like I was think to coffe machine that requires plumbing to be done and also buy from Facebook or other market which machine would you recommend
Hey man, a bit of a late reply but I'm thinking of starting a vending machine business, what would you say are the best prices to set for things like crisps and drinks
Hey Sam, ive recently got a quote from a vending machine supplier, to add on a nayax card reader. They want £325 plus vat for the card reader, Then £10 a month line rental fee, plus 2.95% per transaction fee. Is that reasonable and do you pay line rental and transaction fees yourself? Seems a little steep. Thanks man
Hi Dean, unfortunately the Nayax has to be included in your costings of Start-up. I would consider it reasonable as it increases your sales by a good percentage and on a £1 sale it’s only 3p. I know it can seem a lot but the time it saves in restocking and ensuring your machine is always filled with the bestselling items, you really can’t go wrong. Hope this helps and thanks for watching 🙏🏻
Set my own prices as many of the prices are outdated and don’t take into account rising cost prices and the convenience element of a vending machine. Thanks for watching🙏🏻
Hi Samuel, how did you get your Nayax to automatically update your stock levels of product when a custom purchases something from your machine? I've setup my PAcode and MDB but the stock levels don't move. Nayax don't help either!
If I am correct and you have programmed the app correctly it should work. Once the cable has been plugged into feed the information to the machine and you have changed the stock levels of how many each row can hold it should automatically do it. Double check your cable is connected as that is what feeds the info and allows it to know the levels, if that doesn’t work I am really unsure as to why it isn’t working.
great job, keep up the great work. once you know how the business works it becomes alot easier!
So true!
Extremely interesting video thanks for making.
Glad you enjoyed it
Great video… currently thinking of this operation as a full time venture… very informative
Glad it was helpful!
Good stuff mate, very insightful
Thanks for watching!
Very cool!
Thanks!!
Can we have a video on how to buy and fit own card reader if you by an old machine that don't have one yet .
I’ll add it to future video ideas! Thanks for watching🙏🏻
it would be helpful t make a video going over finances...you made £26 in cash plus say £120 in card sales. That's 146 round up to £150. Say half is cost of goods so you're left with £75. Take away insurance, petrol to go restock them, maintenance. Lets say you are left with £50 per machine (75-25). That's £100 in a month. That means you would need about 30 such vending machines to start making a healthy living (30 x £100 = £3000 profit per month). if a vending machine such as this costs £2k that would mean you had to spent £60k to buy these vending machines. Is that a liable business? again, I don't know what I'm taking about but it would be helpful to go over the finances. Cheers for the quality videos.
Hey man, i also own a vending machine in the uk. Veyr much like yours! I saw that you were sorting out the codes for the nayax system. I need help on how i can set this up. Can you do a video maybe??? I want to name products so i know what sells :)
Hi there Harry, thanks for watching! I get why you want to do this, it’s something that’s super helpful. I’ll definitely add this to the list of to do videos!
Thanks for the great videos Sam. Would you recommend going for a machine with card readers? Also how do you get the locations for your machines. Thanks Steven
Thanks for the comment! I have a dedicated video for locations and definitely get a card reader although it may look like an increased cost, it can boost your machine revenue by a lot! Thanks for watching🙏🏻
@@Samuelheaton10 Thanks
90p for a pack of maltesters is a bargain 😂 usually least double
Ha ha, thanks for watching!
Might seem like a stupid question but, your buying products taking them home and putting them in a vending machine for the public how do the public know you haven’t opened a bottle and put something in it?
The same way you hope restaurant staff do not spit in your food. Unfortunatley there is not much once can do to prove this but most people would expect the vending machine owner to be a decent business person.
@@Samuelheaton10 how would you go about approaching an establishment to put a vending machine on their premises in the most professional way
Great video!! I have a vending machine and have few more locations wanting some. Can you recommend anywhere to buy stock?
Really depends on which type of machine, I presume you're talking about new machines. Ebay for tower vending and refurb sellers for fiull-line (NEVER EBAY)
Hi this Cameron Murray from Ballyclare in Northern Ireland in United Kingdom
I would like to start up own vending machine business just in Ballyclare
What I need to start up vending machine business in Ballyclare do you need license yes or no
Where about you get your card reader for vending machine
Lots of interesting questions, feel free to drop me a DM!
Hey only just stumbled on your page great but the card machine did you install it yourself or the machine had it all ready
When I bought the machine, I asked for them to install it! You can do this yourself thought pretty easily! Thanks for watching 🙏🏻
Sam i am look to start this vending machine but don't know were to start .have you bought vending machine through third part company for lease and they install everything like I was think to coffe machine that requires plumbing to be done and also buy from Facebook or other market which machine would you recommend
Always go refurbished, tend to be in great condition and they are able to set them up for you. There are too many dodgy used machines out there!
Hi Sam
How you doing
How do you determine the price on each item.
Go and see local vending machines for ideas but generally wanna make 50p per product
Hey man, a bit of a late reply but I'm thinking of starting a vending machine business, what would you say are the best prices to set for things like crisps and drinks
Same price as chocolate, so in todays market £1.00-£1.20
how often do you go and restock roughly?
Once a week generally!
How much costed set up everything and get things run? I would like to run some
I’d say usually for a machine like that £2000. Thanks for watching!
Hey Sam, ive recently got a quote from a vending machine supplier, to add on a nayax card reader. They want £325 plus vat for the card reader, Then £10 a month line rental fee, plus 2.95% per transaction fee. Is that reasonable and do you pay line rental and transaction fees yourself? Seems a little steep. Thanks man
Hi Dean, unfortunately the Nayax has to be included in your costings of Start-up. I would consider it reasonable as it increases your sales by a good percentage and on a £1 sale it’s only 3p. I know it can seem a lot but the time it saves in restocking and ensuring your machine is always filled with the bestselling items, you really can’t go wrong. Hope this helps and thanks for watching 🙏🏻
Do you set your prices at the price mark on the cans and bottles or do you set your own
Set my own prices as many of the prices are outdated and don’t take into account rising cost prices and the convenience element of a vending machine. Thanks for watching🙏🏻
On average, how often do you need to restock each machine?
Once or twice a week👍🏻
How much did you make
If you check out my other video, it should give you a rough idea! Thanks for watching🙏🏻
Is that what u made in one month ??
Not in one month, you can check out my latest video if you want to see how much they make in a month. Thanks for watching!
Hi, you still in the vending machine business.?
Hi there, unfortunately I have had to focus on my other business and have had to sell my vending machines 😕
@@Samuelheaton10 hi, was it profitable or a waste of time?
@@SS-go4wi definitely very profitable if you do it correctly, absolutely ! 👍🏻
@@samstubevlogs5503 ok thanks
Hi Samuel, how did you get your Nayax to automatically update your stock levels of product when a custom purchases something from your machine?
I've setup my PAcode and MDB but the stock levels don't move. Nayax don't help either!
If I am correct and you have programmed the app correctly it should work. Once the cable has been plugged into feed the information to the machine and you have changed the stock levels of how many each row can hold it should automatically do it. Double check your cable is connected as that is what feeds the info and allows it to know the levels, if that doesn’t work I am really unsure as to why it isn’t working.
@@Samuelheaton10 thank you
How relatively safe is this? and how much time do you spend dealing with the machines
I’m not sure what you mean by safe? 2 hours a week I’d say. Thanks for watching 🙏🏻
The income you mentioned, within how long did you make that?
A couple weeks I believe
Great video!!!!
Thanks!!
Where would you get a machine like that?
Try and find a local supplier and buy refurbished! Thanks for watching 🙏🏻
@@Samuelheaton10 Thank you