1 You can't buy new machines to start big mistakes let one machine pay for the other 2 buy supplies direct from factory 3 wrap your machines with cool amazing wrapping to get attention 4 don't use it as a first job till all the machines are paid 5 advertised the machines with friends . Slowly in 2 or 3 years you will be in the ball 😎
There’s no such thing as Passive Income. I’m halfway thru and I don’t see any cons. Every thing your naming is exactly what EVERYBODY has to go thru for literally every single business.
You would think everyone would know that but there are so many ppl who start any business and think it's as easy as clocking. They don't see the stress the owners of their job deal with so when things get hard or testy they get mad at ppl who told them to start
There is a such thing as Passive income… if you’re making money while doing something else that’s passive.. renting homes, vending, rental cars ETC that’s all passive. People need to stop living in the poverty mind and think big. That’s the problem with people who join this vending stuff they think it’s a “get rich quick” when it’s not.
@@ThornyPocketLint passive income is literally just cash flow…. You guys must have not made enough to see what it can really do. I own 4 vending machines rent 4 houses and make 10x what I was making at my level entry job. Poverty mindsets don’t go far, just because you helped rented and didn’t see numbers doesn’t means there’s bigger numbers, something with this vending stuff people start it and think it’s fast money. You gotta spend to make money, invest time to make money so later on in the end Money is your time and it’s working for you
The real money is not in the long term growth of your vending machine business. The real money is creating a profitable route and selling off as soon as you can. Its just like a landscaping business, you get the customer base and the sales dollars and then you sell it for 4x or 5x of 12 months sales.
Making it clear again, I did NOT quit because any of these cons. Watch the whole video and you'll see I recommend the vending business IF these cons dont bother you. My reason for leaving was clear and unrelated to any con I spoke about. Me pointing out the cons is not complaining it is helping people make an Informed decision. Only speaking about the good helps no one. I did well for myself in this business and it was very easy for me to get locations. My end goal was never vending. My end goal was real estate. I had a clear plan from the jump. Just because others didn't like my end goal doesn't mean I was gonna jump off track to fulfill their egos of what they wanted me to do.
@@rob4814 lol and yet I'm making more money now, but have fun with your narrative. I wasn't in debt when I sold my machines. I sold them to buy furniture for my rental portfolio. 3 properties later and more to come 😚
i fell down a vending machine rabbit hole to the point where I'm interested in finding out more about it. I need to know the good and the bad, just like there is good and bad with my job or any job filling the machines with products and taking money out is much less actual work than digging a ditch or some people's jobs. Its all in what you are willing to do
I work in automotive, and our vending machines sell out so quickly they can't keep up on the restocking. We call the number to refill and they drag forever to do so. I'm here to learn and I believe my locations will profit very well. Especially when I work there 🙂
This isn't a con video. This is a more of a cost of doing business video. The things she mentioned are general things you have to do for starting up any business.
Agreed. Work is work weather it's a 9 to 5 or vending. No differ than a lawncare business. You gotta grow your business to sustain a livelihood. Best Endeavors to all who may think of going into the business. I have a vending business license but I was targeting ice machines instead.
I love it. In life we have to be flexible, some things are just stepping stones or even breadcrumbs if you will. If we're too rigid we can miss out on the best things in life and anything that doesn't grow is in stagnancy. Wishing you much continued success, and I'm here for the ride! The thing that attracted me to you is your focusing on multiple streaming of bringing in income.
Been doing vending for almost 30 years and this is the typical thought process (no offense) of people who just think that its an "easy money" business to do on the side.....love doing it to this day, it is tough & im used to hard work..i do this stuff in my sleep...lol
My first machine i collected $59 at a barbershop. Had it in only for 22 days. Pretty stoked, im gonna use my little cousins to help me sell to more locations.
59 dollars in 22 days? That's like 720$ a year if we round up. Not bad once the vending machine has been paid off. Still a slow earning business though.
That is not a good location, and you aren’t making much money unless you literally have someone doing the labor for you, machine was free and items were free.
I also got out of it. Pandemic hit, closed my locations, tossed hundreds out in expired product, then when the locations slowly opened up, I had a hard time finding my best sellers due to shortages. Literally chasing small profit margins. Sold my machines and glad I got out of it👍
all i hear is "im lazy and cant be bothered to refill my locations, im making the excuse that its too expensive even though i already have the machines set up so i can spend more time doing fuck all, cant be bothered to find sellers for machines as id again rather spend time sitting on my ass making excuses, cant be bothered to actually go out and find new locations so im going to complain about the fact that when i cold call with the same approach and nothing changes then its the business models fault and not mine, being kicked out because im probably sitting on my ass all day and cant be bothered to go top up the machines so ill blame the business once again for not wanting my crappy empty junk sitting in their office collecting dust, and yeah! vending machines are a bad idea!"
how are you hearing these things? 😂for starters she said these weren’t her reasons for quitting and she was only giving the challenges of the business so ppl know what they’re getting into
If you have over 20 vending machines, it would be advised to hire someone to do biweekly or monthly restocking. You could do it yourself if you are willing to, but that might be 20 hours+ a month of work that might not be worth your time compared to automation. You could hire someone to service 5 machines a week and have the vending machines on a one month cycle. You could pay them $20 an hour or $100 a week for 5 hours a week or less of work for a little side income. Assuming you own all the vending machines outright and that each one averages $250 in monthly revenue and nets to $100 a month after stock and credit card fees, then you would have $2000 a month in net profit. After paying your college student, that's getting $100 a week, you end up with $1600 per month in net profit! Assuming the average startup cost for each vending machine was $3500, totaling $70,000. You would have a semiautomatic asset that is generating a 27% return, meaning could double your portfolio every 3 years.
The average amount of work for a vending machine is an hour a week per machine 15 hours instead of a regular 40 hour work week is very good in my opinion
I’m 6 months in and yeah, we had to all that hard stuff. But we went from 2 machines to 6 plus 65 bulk machines and 2 specialty ones. We’re still scouting and paying down debt but the business is paying for itself.
These aren't really "cons". As long as you understand that this is a side business and not immediate passive income, you're good. If you want true passive income and enough to quit your job, it's going to cost millions of dollars or a whole lot of time (or the lottery).
From the cons it sounds like a great side hustle. 2 or 3 machines on top of your salary job 👍👍👍 I think before id ever buy one id need to find a place w heavy foot traffic and no/few vending machines near it
Many moons ago vending for me was a P/T business as I had a full time job + went to University at night. I tired of wasting hours driving a week to get calls on the machines owing someone 10c at night time. I was soon to graduate so had my future mapped. Time became precious as set a value on my time with the choice of a few dollars per hours or working as a Consultant & earning 10 times the money. I now help out my friend at his laundromat & in their vending machines (rapid refill of drinks) & that of his sister's site. I know in the USA there was a shortage of Quarters & Aluminium at one stage plus the shortage of certain stock lines. I bought a few mini claw machines that are located a few minutes walk from my office. I will never get into full time vending again as the returns are just not there.
@@letsjazzitup Well I went to university to earn hundreds per day but we all have to start somewhere. Many vending operators do not factor in the hour wage they could earn or deserve to be paid for their time. All good to say I pull $5000 a month in sales but less stock & personal time you really have a Net Profit of 10%. You were wise to leave now & as many others have said, the lockdowns & closures were a persuader to move on. Congrats on your hard work :)
@@matthewbrown6163 I feel like most vending operators should look into hiring others. Our points of being business owners is to have freedom and profit. I just don't think I had it in me to trust anyone
You need to know your TRUE VALUE. I started at the very bottom of the corporate ladder straight out of school & . Now as I have the ability to choose my own career path, I know what I value my time financially is. The 2 mini claw machine machines I bought are opposite the laundromat & combined need 1 hour of time / week. I look at opportunities that are autocratic so I don't need to be involved. I would look at sub-leasing or franchising your operations. You need to really have iron-clad contracts in place where you are assured a certain return (like rentals).
id say switch the vending machine hustle for the ATM machine hustle, 1) machines are about the same price. 2) Products dont expire / have waste on the money on expired goods. 3) You dont re invest the money you make. 4) Only have to fill the machines if your making / dispensing money. 5) passive in terms of you collect money on the fees. 6) there are legit armored car companies that will refill your machines (for a fee) but these are heavily audited and not subject to the stealing aspect. 7) smaller and easier to move (still heavy though) 8) only downside is getting robbed 🤣
Great video I love and enjoy the business and just secured a new location by cold calling! Hopefully one day I grew this business big time to pass over to my kids/nephews Worst case scenario you can sell your route and get your money back! Good luck everyone and keep hustling!
Honestly not one thing you said is a con. It is the normal part of growing business. YOu have start up cost. Seems the younger generation want to get rich quick with no work. This video made no sense.
I’m studying forex and I’m taking courses for vending and when I’m looking at both courses, you have to be willing to put in the work cause to be honest I rather put in the work and build something that’s mine then to trade my time for a hand full of dimes . And the ones who give up on it that’s ok they will find their lane in something else . That’s why I have course on marketing , and have a AI bot to help with creative writing to come up with words .
Thanks for the insight. But I’m still gonna give it a go. I’ll use you’re old videos as points of reference. I want it as a spring board to a bigger business. Thanks for the knowledge mami. Best of luck to you and you’re future endeavors.
Very honest and appreciated! Watching your videos inspired me to get into the business! I’m kinda doing the same as you and had to make tough decisions to get to where I want to be! So thank you 🙏🏿 and will definitely stay tuned in your awesome journey
Awesome video. Starting my own vending business and doing research on CONs first. Very informative. Like other people have said, your cons aren’t cons, they are what every small business owner MUST go through to become successful. Thanks again for the info.
Damn! Hopefully he isn't dead... geez! Nice video! Our vending business is doing good. I recently purchased a catalog for ours "Snack-Head Vending". We purchased a location with machines rather than scout them out. They're all at schools. We also have kids and plan to pass this business down to them. I talk about our journey on my page. You are one of the may videos we watched when starting out. I'm also a notary signing agent. I didn't realize you were a signing agent too until someone told me. LoL Good luck in real estate! Our end goal is real estate, multi-families to be exact, and AirBnbs of some sort as well.
I didn't understand some of the things she said.... Of course starting any business is going to cost money, and even at the cost she explained, that is CHEAP for a business startup!! Idk why so many ppl buy into the 'passive' thing. Its called 'work' for your money. So many ppl expect to make millions without doing ANY work.
I'm sure the issue has been settled already, But if it has not, here is A solution to the empty abandoned machine left by the contactless owner. 1st look up local laws, most city's have a 30day rule. 2nd contact a property management company. They will remove the machine and try to contact the owner over "30 days" and then sell it after 31 days. If the owner does contact the property management company, they will have to pay the storage fees for the machine. Be advised, most property management companies are also tow truck companies.
I loved watching your vending machine videos! But this was sooo informative too and made me reevaluate my decision to start one. I definitely still see it being a profitable business but I love the idea of you saying use kids to start this kind of business instead. That’s such a great idea that I never even thought of. Definitely going to take that into consideration and sticking around to watch more of your videos. Congrats on the Airbnb!
The purpose of a business is to buy real estate. -Robert Kiyosaki I just found your channel congrats on your progress over the years! You should be very proud!
Thanks for being so open. Definitely started my business but I know I have an end date. Yes I want to grow towards real estate too. I'll be sticking around your channel. I'm loving your journey. Keep going!
My buddy and me have 4 ATMs and 5 candy machines placed at the moment. The vending, ATM, candy, and game machines is like building a portfolio of stocks.
Interesting video I appreciate your perspective I would say for cost of entry in starting a new business vending is one of the lowest I agree looking at purchasing a machine that can be up to 3 or $4,000 for a refurbished machine might seem a lot but opening a restaurant for instance would be like $50,000 for all the equipment to hire employees all the permits so I think anyone looking to get into vending should keep that in mind
Pointing out facts isn't complaining. Ppl need to be aware what they are getting into fully and not just be fed the "good." A good choice is an informed one. I didn't leave for any of these cons
I haven't got my vending machine yet lol probably won't until the future but I I like your videos on them and girl you made the right decision and hopefully the guy respond to yall calls that's so unprofessional of him smh but great video! And congratulations on everything ❤
Lol I remember asking you about it a few years back and you out right telling me I'm not gonna be making what I want lol. I'm glad you said that though. But onward and upwards fersure 💪🏾
It's all personal. I knew you were at a different point in your business/career to start vending. I suggest vending to people just starting out with nothing. I wouldn't suggest it to people who already have big income earning businesses already because of the time it takes to build and how active you have to be.
@@letsjazzitup yeah I Definitely wouldn't have been about it. At least not with where I was at in life at the time haha. Shit glad you onto bigger and better.
Thanks. I learned so much from watching your videos. I wish I knew you were selling your machines. I live in Northern VA but I’m doing this with my sister in Hampton Roads.
I just bought 2 I don't think my location is highly profitable but the upside is 1 there are 2 machines I can move them if I want so while I look for maybe a new location it is making money there aren't many downsides its just not easy
Good video even though it wasn't really about why she quit vending. She looked hard for general problems people could have with vending and mentioned those a lot which almost felt like a scare tactic away from vending but they are really minor issue in most cases. Ultimately she stopped vending to sell her vending assets to have cash to move into her dream AirBnB business. Good move and congratulations to her though she says she didn't want to and was hurt to sell her vending business.
Also, one thing I have never heard anybody touch on vending machines typically require a license from the city whether it be 50 Cent a dollar or five dollars fairly minimal per machine. If you have a former customer who’s not picking up their machine they need to go to the machine find the license call the city and track down the owner on the sale of this sale should’ve only been completed after they can show, but they’ve got a license for the machine
1. You can Lease vending machines, you don't need to Buy machines. This cuts down on the need for major expense starting out. 2. The more machines you have, the more income you have. Hire people with the profits. Do you're own collections. 3. No such thing as passive in this industry. 4. You're not a very smart businessperson with your comments 5. The large locations are not going to small vending companies 6. Kansas has ton's of vending machine companies, do your research. Shipping charges are a part of your overhead costs 7. People hold on to their vending machine business because its profitable 8. Location scouting IS the vending machine business. Soliciting is the backbone of the vending industry 9. Please people, don't use kids as a lead in to soliciting for vending locations. It's cruel and illegal 10. Get signed agreements with locations for at least 2-3 years so you can realize a return on your investment 11. You are better off in the rental business, doesn't take a lot of planning, hard work, and intuition to succeed
40 years owning my own business. vending is NOT passive income EVER,. Must buy used machines American machines Not Chinese combo junk , locate them, repair and move them . Must have a Van and buy bulk. heavy lifting. Just ask my aching back ! must have credit card readers and track expenses and taxes. Don't forget business license , LLC , and liability insurance I have made really good money, however, I used to work 7 days a week and over 60 to 70 hours a week. Very difficult to hire someone. Profit margin is small Prices continue to go up and cashless machines are taking over I used to love that it was an all cash business Vending is like any other small business. If you want to make money be prepared to work your ASS off ! Good luck
@@danp5953 Always buy used or refurbished machines. I have sone machines that are 40 years old and still work. I wrap them or paint them and they look new. New machines can cost over 10k where a good refurbished machine can be 3k. You have to figure out your return on Investment . Do not buy from Craigslist because most of them are junk
Hello, I think that vending machines should be bought upfront, and refurbished vending machines might work best given the 800 USD range. Drinks are the best in terms of sales, i guess
I think you mean well telling us all this now but it’s not cool that you also glamorized it while you knew all these things back then and you did it just for some more views. It happens I get it but maybe don’t knock it so hard now that you are not doing it or apologize for lying to us about it.
I'm definitely not knocking it I'm just making it clear to ppl who don't know what to expect. I didn't quit for any of these cons. I love vending. Watching my footage while making this video made me want to jump back in, but at this point I don't wanna do door to door sales right now. I can love something AND point out some of its cons.
@@mister3722 I disagree but that's you're opinion. I did well for myself in this business and it was very easy for me to get locations. My end goal was never vending. My end goal was renting. I had a clear plan from the jump. Just because others didn't like my end goal doesn't mean I was gonna jump off track to fulfill their egos.
These machines don't do passive income. The machines Do sales while you're not attending. That's the real deal. Your cons seem more like the testimony from a frustrated entrepreneur. Doing a business is not like magic, is hard work. That's it. That's why this is called a business, and of course, if the road is easy to get, then is not worth it.
Also,things like shipping charges for your machines (even the price of the machines can be depreciated by their lifetime expected use),product for your machines,maintenance and upkeep,gas and even tools,equipment and also,gas and maintenance in your company vehicle(s) can be taken off (a percentage and sometime all of the cost) on YOUR TAXES! Even business filings and insurance,Accounting fees…A lot can be taken off.
He probably locked up...🤦♂️🤦♂️🤷♂️🤷♂️ but i used to manage a huge vending company in ny...i know exactly what you are talking about..salute to u for having an exit stradegy of real estate...
@@letsjazzitup salute queen i found your channel a few months ago i respect your grind... i wonder if your tiny house concept will work up here in ny...where is your market
1. NOTHING is passive. Any method sold to you as passive is snake oil. 2. You're not supposed to really 'profit'. You're SUPPOSED to reinvest it into the business and have it as an asset to borrow money against. You're taxed on the profits from the machine, but you cannot be taxed for Other People's Money. 3. If you work for money rather than assets or reputation, then you will be met with disappointment. Gaining money means you will spend that money, whether it be on bills, clothes, food, taxes, etc. but if you break even and still manage to improve your equipment then you're still gaining without risking bad spending habits getting it. AIM TO REINVEST 4. Don't go get loans all the time, that's a lot of paperwork. Get a business credit card and use that. If you apply for multiple, you can pay each other each month until it's paid down and maintain business credit. (Which is COMPLETELY seperate from personal numbers) 5. If it's easy to get into, it's easy to get out of.
it takes money to make money and it also takes dedication and time on all types of legal legit business. The return is different depending on location and if you caterer to your customer... but by all means this is not for everyone. Specially get rich quick, ones
A lot of haters on this channel because they don’t listen. She definitely a business minded person understands how to game plan and what her ultimate goal is. Keep growing in learning from you.
Someone needs to invent a motorized lift that one can roll the V. machine onto behind the pickup, step onto it and raise by pushing a fixed control. Then at height one can push it into the truckbed. It could be moved by a hitch.
Lovely video. Love the information given. I had a question though throughout this video. Is it better if you have a snack store and a vending machine at the same time. As with the extra snacks, you could not fit in the vending machine, you can sell them at the store.
Interesting. I am glad I started with the cons in my research... Now I can look at the pros under the light of skepticism. I am still interested, but this was helpful.
First time viewing and i got a lot out the pros but a tad confused. 1 so did you quit your full time job. 2. You mentioned location and i watched your video on how to start up and make portfolios but what you didn't mention is how long the product can stay in the vending machine or what items you can actually sell. Your very informative and I love it. 3rd location. I was gearing towards malls and big open places so i wanted to know is there a mission statement you must follow. 4th. Your llc is just your name of the business. And when you obtained your LLC what was it solely based on vending. With a LLC that secures you name but what about the business. And sidenote if you want to go into real estate you should invest in a Airbnb you will get much further and even if you decide not to rent you can still use or get any home under your LLC real estate agents make a lot of money but just as well as you put your time into the vending you have to put your time into those homes and you have to be invested into your sellers and your buyers so if you get a Airbnb and you rent it out as any type of rental you can still have your vending machines. This is why I asked the questions that I did and did your LLC pay for your name or your business
The only real passive income is long term investing and that's not really income when you're gonna roll your dividends back into the investment most times. The tiny house deal is a GREAT idea, kinda jelly tbh 😁. You come across as kinda feeling bad that you had to offload assets to invest in a bigger venture when that's simply just business and how it works. You shouldn't feel bad about that but I understand letting go of one thing to move your energy elsewhere can be brutal sometimes. The best thing you're going to learn in business is to strip away the attached emotion that goes into it. The more you do that, the better you will feel. If we let profits dictate too many emotions we will get exhausted and burn out. You can love something too much or hate something too much and detaching the emotions in the first place would solve a lot of issues in business.
Looking at it you treated it like a hobby, and an expensive hobby. You should know what a location is going to cash flow before placing a machine down just cause a location wants machines dose not mean you should put a machine there. I'm loaning on all my 13k machines and they bring 1k/month at location 250 in monthly payment on loan.
I thought it would be awkward to put MY vending machine on other people's property.. this video confirmed that.. thanks be to God for the information I appreciate it 💕 Love from MCGI 😄
The most important question wasn’t answered. Were you profitable and how much profit did you make each month when you had the machines? Congrats on your real estate transaction. I hope it works out well as I’m sure it will.
I think she said it was profitable but you have to be on top of everything. You would need trusted people to help if you don't want to quit your job. I'm guessing bill jams and stuck snacks happens so the customer would call when that happens and she would need to go to that location and fix it. It's a hard business if you're the only one who is doing everything especially with mutliple machines
Is annoying that the person you sold the vending machine to abounded it and let you the one being complained to. I thought about getting into the vending machine business but decided not to.
if you have an inventory of what was put in that machine and see what products sold and what is remaining, then your staff can't cheat you coz everything is accounted for.
Shipping you touch on do you want to rent a U-Haul? I will never rent a U-Haul to move a vending machine. I will, however rent from Penske, which is similar to a U-Haul because they have box trucks that have Tommy lifts for the same price you’ll pay for a U-Haul That you wipe the truck and you want to buy the truck from them. They will sell it to you.
All I heard were complaints. It seems to me like you're just lazy. You wanted a better life but doesn't really want to do the hard work to get there. Meh.
You use your vending machine business appropriately, but I may have been a hard decision for you to move on. You used it as the steppingstone to move onto something else you wanted to do. You do not need to feel guilty about this because it’s now got you in a better position for what you wanted, maybe later on you can restart that business build out the assets and then you have something to fall back on once again if you need to make another move to continue doing what you like to do. I applaud you when you made this decision because unlike everybody else they would’ve said oh I can’t do this. I can’t do that. I can’t do something else, and you made your assets work for you. You have a business where the value of the assets maintain their value at the same cost or slightly less than what you paid for you have a better structure than somebody who has a rich business who can never get the cost back.I would encourage you to look at your rentals the same way as you move up through the food chain that something could be done encourage you to restart another Vending route it up so that you have assets you can fall back on and maybe build out a better one than before.
Quick question: what if you want to put a soda vending Machine at an OUTSIDE location, like in front of an apartment complex? What do you have to do to protect the machine from rain, heat etc? Is it more of a maintainence nightmare rather than having it indoors?
1 You can't buy new machines to start big mistakes let one machine pay for the other
2 buy supplies direct from factory
3 wrap your machines with cool amazing wrapping to get attention
4 don't use it as a first job till all the machines are paid
5 advertised the machines with friends .
Slowly in 2 or 3 years you will be in the ball 😎
thanks for the summery. I'm just interested in having about 5 machines to work on about 2 to 3 hours at most a day as a side hustle.
That's pretty good
I needed that yessir
How do you wrap a machine?
Facts
There’s no such thing as Passive Income. I’m halfway thru and I don’t see any cons. Every thing your naming is exactly what EVERYBODY has to go thru for literally every single business.
You would think everyone would know that but there are so many ppl who start any business and think it's as easy as clocking. They don't see the stress the owners of their job deal with so when things get hard or testy they get mad at ppl who told them to start
There is a such thing as Passive income… if you’re making money while doing something else that’s passive.. renting homes, vending, rental cars ETC that’s all passive. People need to stop living in the poverty mind and think big. That’s the problem with people who join this vending stuff they think it’s a “get rich quick” when it’s not.
@@icon2835 renting homes isn’t very passive either I’ve helped my parents do it for years
@@ThornyPocketLint passive income is literally just cash flow…. You guys must have not made enough to see what it can really do. I own 4 vending machines rent 4 houses and make 10x what I was making at my level entry job. Poverty mindsets don’t go far, just because you helped rented and didn’t see numbers doesn’t means there’s bigger numbers, something with this vending stuff people start it and think it’s fast money. You gotta spend to make money, invest time to make money so later on in the end Money is your time and it’s working for you
Nice profile pic. They need to hurry up and bring the anime back already.
The real money is not in the long term growth of your vending machine business. The real money is creating a profitable route and selling off as soon as you can. Its just like a landscaping business, you get the customer base and the sales dollars and then you sell it for 4x or 5x of 12 months sales.
Genius.
FACTS 💯💯💯💯. Also you only get paid 30%
Making it clear again, I did NOT quit because any of these cons. Watch the whole video and you'll see I recommend the vending business IF these cons dont bother you. My reason for leaving was clear and unrelated to any con I spoke about.
Me pointing out the cons is not complaining it is helping people make an Informed decision. Only speaking about the good helps no one.
I did well for myself in this business and it was very easy for me to get locations. My end goal was never vending. My end goal was real estate. I had a clear plan from the jump. Just because others didn't like my end goal doesn't mean I was gonna jump off track to fulfill their egos of what they wanted me to do.
After watching your video. You quit because you made poor financial business decisions. To pay for your debt. This video was absolute cringe
@@rob4814 lol and yet I'm making more money now, but have fun with your narrative. I wasn't in debt when I sold my machines. I sold them to buy furniture for my rental portfolio. 3 properties later and more to come 😚
Thanks for the honesty. Im not sure it would be worth the time atleast for me.
@@letsjazzitup fuck that guy. Don’t worry bout people like him. You’re on your way to financial freedom eh
i fell down a vending machine rabbit hole to the point where I'm interested in finding out more about it. I need to know the good and the bad, just like there is good and bad with my job or any job
filling the machines with products and taking money out is much less actual work than digging a ditch or some people's jobs. Its all in what you are willing to do
Yes! Having the honest cons help
I work in automotive, and our vending machines sell out so quickly they can't keep up on the restocking. We call the number to refill and they drag forever to do so. I'm here to learn and I believe my locations will profit very well. Especially when I work there 🙂
I would love your location
The vending machine is at a car lot?
Just don’t tell your coworkers. Weird vibes when they know they’re paying you
This isn't a con video. This is a more of a cost of doing business video. The things she mentioned are general things you have to do for starting up any business.
Agreed. Work is work weather it's a 9 to 5 or vending. No differ than a lawncare business. You gotta grow your business to sustain a livelihood. Best Endeavors to all who may think of going into the business. I have a vending business license but I was targeting ice machines instead.
yeah, i thing make-up videos would be easier for her
I love it. In life we have to be flexible, some things are just stepping stones or even breadcrumbs if you will. If we're too rigid we can miss out on the best things in life and anything that doesn't grow is in stagnancy. Wishing you much continued success, and I'm here for the ride! The thing that attracted me to you is your focusing on multiple streaming of bringing in income.
Yes I love the breadcrumbs one. I always tell ppl to know their 'why' and stick to it.
Been doing vending for almost 30 years and this is the typical thought process (no offense) of people who just think that its an "easy money" business to do on the side.....love doing it to this day, it is tough & im used to hard work..i do this stuff in my sleep...lol
Things I need to know
where do you get your stock from?
@@matt92099 vistar
How many do you own after 30 years? That’s amazing
My first machine i collected $59 at a barbershop. Had it in only for 22 days. Pretty stoked, im gonna use my little cousins to help me sell to more locations.
59 dollars in 22 days? That's like 720$ a year if we round up. Not bad once the vending machine has been paid off. Still a slow earning business though.
That is not a good location, and you aren’t making much money unless you literally have someone doing the labor for you, machine was free and items were free.
This is the location that I'm considering
Update… I sold the machine
@@1chriswang what made you sell it ?
I also got out of it. Pandemic hit, closed my locations, tossed hundreds out in expired product, then when the locations slowly opened up, I had a hard time finding my best sellers due to shortages. Literally chasing small profit margins. Sold my machines and glad I got out of it👍
I survived well after pandemic but did lose 1 location for full line and gumball machines were a no-go
@@letsjazzitup why were gumball machines a no go? i still have a lot of them and everything is picking up like it was before covid
@@youtubin222 no one wanted to chance germs using gumball machine
all i hear is "im lazy and cant be bothered to refill my locations, im making the excuse that its too expensive even though i already have the machines set up so i can spend more time doing fuck all, cant be bothered to find sellers for machines as id again rather spend time sitting on my ass making excuses, cant be bothered to actually go out and find new locations so im going to complain about the fact that when i cold call with the same approach and nothing changes then its the business models fault and not mine, being kicked out because im probably sitting on my ass all day and cant be bothered to go top up the machines so ill blame the business once again for not wanting my crappy empty junk sitting in their office collecting dust, and yeah! vending machines are a bad idea!"
Sorry letsjazzitup..this post kind of somes up your video. You seem like you just don't want to work- or work hard.
how are you hearing these things? 😂for starters she said these weren’t her reasons for quitting and she was only giving the challenges of the business so ppl know what they’re getting into
If you have over 20 vending machines, it would be advised to hire someone to do biweekly or monthly restocking. You could do it yourself if you are willing to, but that might be 20 hours+ a month of work that might not be worth your time compared to automation. You could hire someone to service 5 machines a week and have the vending machines on a one month cycle. You could pay them $20 an hour or $100 a week for 5 hours a week or less of work for a little side income.
Assuming you own all the vending machines outright and that each one averages $250 in monthly revenue and nets to $100 a month after stock and credit card fees, then you would have $2000 a month in net profit. After paying your college student, that's getting $100 a week, you end up with $1600 per month in net profit! Assuming the average startup cost for each vending machine was $3500, totaling $70,000. You would have a semiautomatic asset that is generating a 27% return, meaning could double your portfolio every 3 years.
The average amount of work for a vending machine is an hour a week per machine 15 hours instead of a regular 40 hour work week is very good in my opinion
Are you counting in the time that it takes to go buy the stuff to restock?
I’m 6 months in and yeah, we had to all that hard stuff. But we went from 2 machines to 6 plus 65 bulk machines and 2 specialty ones. We’re still scouting and paying down debt but the business is paying for itself.
These aren't really "cons". As long as you understand that this is a side business and not immediate passive income, you're good. If you want true passive income and enough to quit your job, it's going to cost millions of dollars or a whole lot of time (or the lottery).
From the cons it sounds like a great side hustle. 2 or 3 machines on top of your salary job 👍👍👍 I think before id ever buy one id need to find a place w heavy foot traffic and no/few vending machines near it
Lots of ppl quit their jobs. But becomes less passive. No location is guaranteed, it's just trial and error, but you can always move your machine
Many moons ago vending for me was a P/T business as I had a full time job + went to University at night. I tired of wasting hours driving a week to get calls on the machines owing someone 10c at night time. I was soon to graduate so had my future mapped. Time became precious as set a value on my time with the choice of a few dollars per hours or working as a Consultant & earning 10 times the money. I now help out my friend at his laundromat & in their vending machines (rapid refill of drinks) & that of his sister's site.
I know in the USA there was a shortage of Quarters & Aluminium at one stage plus the shortage of certain stock lines. I bought a few mini claw machines that are located a few minutes walk from my office. I will never get into full time vending again as the returns are just not there.
Love your story. We all branch off and try new things. That's the beauty of life
@@letsjazzitup Well I went to university to earn hundreds per day but we all have to start somewhere. Many vending operators do not factor in the hour wage they could earn or deserve to be paid for their time. All good to say I pull $5000 a month in sales but less stock & personal time you really have a Net Profit of 10%. You were wise to leave now & as many others have said, the lockdowns & closures were a persuader to move on. Congrats on your hard work :)
@@matthewbrown6163 I feel like most vending operators should look into hiring others. Our points of being business owners is to have freedom and profit. I just don't think I had it in me to trust anyone
You need to know your TRUE VALUE. I started at the very bottom of the corporate ladder straight out of school & . Now as I have the ability to choose my own career path, I know what I value my time financially is. The 2 mini claw machine machines I bought are opposite the laundromat & combined need 1 hour of time / week. I look at opportunities that are autocratic so I don't need to be involved.
I would look at sub-leasing or franchising your operations. You need to really have iron-clad contracts in place where you are assured a certain return (like rentals).
id say switch the vending machine hustle for the ATM machine hustle,
1) machines are about the same price.
2) Products dont expire / have waste on the money on expired goods.
3) You dont re invest the money you make.
4) Only have to fill the machines if your making / dispensing money.
5) passive in terms of you collect money on the fees.
6) there are legit armored car companies that will refill your machines (for a fee) but these are heavily audited and not subject to the stealing aspect.
7) smaller and easier to move (still heavy though)
8) only downside is getting robbed 🤣
And also the possibility of a non cash based society. But I like the idea of atms
how much are the fees and who is paying them?
Great video
I love and enjoy the business and just secured a new location by cold calling!
Hopefully one day I grew this business big time to pass over to my kids/nephews
Worst case scenario you can sell your route and get your money back!
Good luck everyone and keep hustling!
Exactly. Great business for kids and to pass to them and you have assets worth money
Honestly not one thing you said is a con. It is the normal part of growing business. YOu have start up cost. Seems the younger generation want to get rich quick with no work. This video made no sense.
I’m studying forex and I’m taking courses for vending and when I’m looking at both courses, you have to be willing to put in the work cause to be honest I rather put in the work and build something that’s mine then to trade my time for a hand full of dimes . And the ones who give up on it that’s ok they will find their lane in something else . That’s why I have course on marketing , and have a AI
bot to help with creative writing to come up with words .
Thanks for the insight. But I’m still gonna give it a go. I’ll use you’re old videos as points of reference. I want it as a spring board to a bigger business. Thanks for the knowledge mami. Best of luck to you and you’re future endeavors.
It's fun and you should give it a go
Very honest and appreciated! Watching your videos inspired me to get into the business! I’m kinda doing the same as you and had to make tough decisions to get to where I want to be! So thank you 🙏🏿 and will definitely stay tuned in your awesome journey
I hope everything is going well
Awesome video. Starting my own vending business and doing research on CONs first. Very informative. Like other people have said, your cons aren’t cons, they are what every small business owner MUST go through to become successful. Thanks again for the info.
Damn! Hopefully he isn't dead... geez! Nice video! Our vending business is doing good. I recently purchased a catalog for ours "Snack-Head Vending". We purchased a location with machines rather than scout them out. They're all at schools. We also have kids and plan to pass this business down to them. I talk about our journey on my page. You are one of the may videos we watched when starting out. I'm also a notary signing agent. I didn't realize you were a signing agent too until someone told me. LoL Good luck in real estate! Our end goal is real estate, multi-families to be exact, and AirBnbs of some sort as well.
Dude. My 1st thought for everyone who doesn't reply is "I hope they aren't dead" 😶
I wanna do multi family too!!!
I didn't understand some of the things she said.... Of course starting any business is going to cost money, and even at the cost she explained, that is CHEAP for a business startup!! Idk why so many ppl buy into the 'passive' thing. Its called 'work' for your money. So many ppl expect to make millions without doing ANY work.
Thank you!
I'm sure the issue has been settled already, But if it has not, here is A solution to the empty abandoned machine left by the contactless owner.
1st look up local laws, most city's have a 30day rule. 2nd contact a property management company. They will remove the machine and try to contact the owner over "30 days" and then sell it after 31 days. If the owner does contact the property management company, they will have to pay the storage fees for the machine.
Be advised, most property management companies are also tow truck companies.
I loved watching your vending machine videos! But this was sooo informative too and made me reevaluate my decision to start one. I definitely still see it being a profitable business but I love the idea of you saying use kids to start this kind of business instead. That’s such a great idea that I never even thought of. Definitely going to take that into consideration and sticking around to watch more of your videos. Congrats on the Airbnb!
It's a good business. But everything has cons
none of these things seem like a con to me. Just part of working hard to get what you want
Agreed...females
Facts
The purpose of a business is to buy real estate.
-Robert Kiyosaki
I just found your channel congrats on your progress over the years! You should be very proud!
See, Robert kiyosaki gets it! I'm glad I read 2 of his books! Thank you for the encouragement. It's really needed
GR8 VIDEO! and best wishes on ur new journey! Tiny home looked amazing!
Thank you so much!
Way to grow! Vending is a great start but should be a step to bigger business
Yesss. You get it!
Yeah,It’s called full line vending.
Thanks for being so open. Definitely started my business but I know I have an end date. Yes I want to grow towards real estate too. I'll be sticking around your channel. I'm loving your journey. Keep going!
Always have a clear time line of what you want
My buddy and me have 4 ATMs and 5 candy machines placed at the moment. The vending, ATM, candy, and game machines is like building a portfolio of stocks.
Interesting video I appreciate your perspective I would say for cost of entry in starting a new business vending is one of the lowest I agree looking at purchasing a machine that can be up to 3 or $4,000 for a refurbished machine might seem a lot but opening a restaurant for instance would be like $50,000 for all the equipment to hire employees all the permits so I think anyone looking to get into vending should keep that in mind
I hear a lot of complaining no offense but no one said it would be easy.. you just push on
Pointing out facts isn't complaining. Ppl need to be aware what they are getting into fully and not just be fed the "good." A good choice is an informed one. I didn't leave for any of these cons
I love your channel. I love the cut always that you include. Keeps the video interesting. And of course, your advice is priceless. 👏
I love having extra footage to put into videos
I haven't got my vending machine yet lol probably won't until the future but I I like your videos on them and girl you made the right decision and hopefully the guy respond to yall calls that's so unprofessional of him smh but great video! And congratulations on everything ❤
Keep saving its a g99d business islf you stay persistent.
It was so freaking unprofessional of him and reflects badly on me.
Lol I remember asking you about it a few years back and you out right telling me I'm not gonna be making what I want lol. I'm glad you said that though. But onward and upwards fersure 💪🏾
It's all personal. I knew you were at a different point in your business/career to start vending. I suggest vending to people just starting out with nothing. I wouldn't suggest it to people who already have big income earning businesses already because of the time it takes to build and how active you have to be.
@@letsjazzitup yeah I Definitely wouldn't have been about it. At least not with where I was at in life at the time haha. Shit glad you onto bigger and better.
IM IN TEXAS AND I WLD ONLY DO 2 MACHINES AND BE HAPPY. I WORK FRM HOME SO IM NOT QUITTING MY MAIN JOB FOR THIS. THIS WLD BE MY SIDE HUSTLE.
Thanks for making this video because I know I wasn’t the only one wondering why
I was so busy and didn't wanna try throw the reason why into a random video that most ppl wouldn't see. I knew I needed a full video
@@letsjazzitup that was a great choice on knowing what your subscribers would want to see 🤗
Thanks. I learned so much from watching your videos. I wish I knew you were selling your machines. I live in Northern VA but I’m doing this with my sister in Hampton Roads.
You've got this! I announced it on UA-cam and social media when I was selling
I just bought 2 I don't think my location is highly profitable but the upside is 1 there are 2 machines I can move them if I want so while I look for maybe a new location it is making money there aren't many downsides its just not easy
People quit because they don't love the hustling
Great video! What method did you use to sell them? Also, what do you think about the Healthy food vending market that seems to be trending?
I appreciate you sharing your experiences with us, it sure does gives us a great insight.
Love showing the pros and cons.
Good video even though it wasn't really about why she quit vending. She looked hard for general problems people could have with vending and mentioned those a lot which almost felt like a scare tactic away from vending but they are really minor issue in most cases. Ultimately she stopped vending to sell her vending assets to have cash to move into her dream AirBnB business. Good move and congratulations to her though she says she didn't want to and was hurt to sell her vending business.
So many ppl go into business and get discouraged because of small minor bumps so I named those bumps and ended it on why I quit 🙂
What made you decided to go into real estate as an end goal? Is it because of the women in your family?
Yes and all financial classes teaches that real estate is the way to wealth
So where the con at?? It's good honest hardwork. Easy come easy go.
Awesome video! I'm starting my vending business as a stepping stone to explore other endeavors as well.
Wedding businesses make bank
Also, one thing I have never heard anybody touch on vending machines typically require a license from the city whether it be 50 Cent a dollar or five dollars fairly minimal per machine. If you have a former customer who’s not picking up their machine they need to go to the machine find the license call the city and track down the owner on the sale of this sale should’ve only been completed after they can show, but they’ve got a license for the machine
Starting a small business to move to real estate is wayy better hun keep doing your thing 😘
Thank you 😌
1. You can Lease vending machines, you don't need to Buy machines. This cuts down on the need for major expense starting out.
2. The more machines you have, the more income you have. Hire people with the profits. Do you're own collections.
3. No such thing as passive in this industry.
4. You're not a very smart businessperson with your comments
5. The large locations are not going to small vending companies
6. Kansas has ton's of vending machine companies, do your research. Shipping charges are a part of your overhead costs
7. People hold on to their vending machine business because its profitable
8. Location scouting IS the vending machine business. Soliciting is the backbone of the vending industry
9. Please people, don't use kids as a lead in to soliciting for vending locations. It's cruel and illegal
10. Get signed agreements with locations for at least 2-3 years so you can realize a return on your investment
11. You are better off in the rental business, doesn't take a lot of planning, hard work, and intuition to succeed
how much were you making with 15 machines? Or if you have other examples :) Thanks for the info, care, and energy
They never answer that question. It's always how much they gross, not how much they net.
40 years owning my own business. vending is NOT passive income EVER,. Must buy used machines American machines Not Chinese combo junk , locate them, repair and move them . Must have a Van and buy bulk. heavy lifting. Just ask my aching back ! must have credit card readers and track expenses and taxes. Don't forget business license , LLC , and liability insurance
I have made really good money, however, I used to work 7 days a week and over 60 to 70 hours a week. Very difficult to hire someone. Profit margin is small Prices continue to go up and cashless machines are taking over I used to love that it was an all cash business Vending is like any other small business. If you want to make money be prepared to work your ASS off ! Good luck
Why do you "must buy used machines"????
@@danp5953 Always buy used or refurbished machines. I have sone machines that are 40 years old and still work. I wrap them or paint them and they look new. New machines can cost over 10k where a good refurbished machine can be 3k.
You have to figure out your return on Investment . Do not buy from Craigslist because most of them are junk
Hello,
I think that vending machines should be bought upfront, and refurbished vending machines might work best given the 800 USD range.
Drinks are the best in terms of sales, i guess
Drinks are definitely better sellers
I think you mean well telling us all this now but it’s not cool that you also glamorized it while you knew all these things back then and you did it just for some more views. It happens I get it but maybe don’t knock it so hard now that you are not doing it or apologize for lying to us about it.
I'm definitely not knocking it I'm just making it clear to ppl who don't know what to expect. I didn't quit for any of these cons. I love vending. Watching my footage while making this video made me want to jump back in, but at this point I don't wanna do door to door sales right now.
I can love something AND point out some of its cons.
@@letsjazzitup you've told more untruths since then. please be honest instead
@@mister3722 I disagree but that's you're opinion. I did well for myself in this business and it was very easy for me to get locations. My end goal was never vending. My end goal was renting. I had a clear plan from the jump. Just because others didn't like my end goal doesn't mean I was gonna jump off track to fulfill their egos.
I agree with you on this one… I was thinking the same thing
These machines don't do passive income. The machines Do sales while you're not attending. That's the real deal. Your cons seem more like the testimony from a frustrated entrepreneur. Doing a business is not like magic, is hard work. That's it. That's why this is called a business, and of course, if the road is easy to get, then is not worth it.
Also,things like shipping charges for your machines (even the price of the machines can be depreciated by their lifetime expected use),product for your machines,maintenance and upkeep,gas and even tools,equipment and also,gas and maintenance in your company vehicle(s) can be taken off (a percentage and sometime all of the cost) on YOUR TAXES! Even business filings and insurance,Accounting fees…A lot can be taken off.
He probably locked up...🤦♂️🤦♂️🤷♂️🤷♂️ but i used to manage a huge vending company in ny...i know exactly what you are talking about..salute to u for having an exit stradegy of real estate...
Lol I thought he was upstanding person. And thank you. Some ppl mad about my decision
@@letsjazzitup salute queen i found your channel a few months ago i respect your grind... i wonder if your tiny house concept will work up here in ny...where is your market
Congratulations you went all in and made that big decision!🔥💯
Gotta risk it for the biscuit
1. NOTHING is passive. Any method sold to you as passive is snake oil.
2. You're not supposed to really 'profit'. You're SUPPOSED to reinvest it into the business and have it as an asset to borrow money against. You're taxed on the profits from the machine, but you cannot be taxed for Other People's Money.
3. If you work for money rather than assets or reputation, then you will be met with disappointment. Gaining money means you will spend that money, whether it be on bills, clothes, food, taxes, etc. but if you break even and still manage to improve your equipment then you're still gaining without risking bad spending habits getting it. AIM TO REINVEST
4. Don't go get loans all the time, that's a lot of paperwork. Get a business credit card and use that. If you apply for multiple, you can pay each other each month until it's paid down and maintain business credit. (Which is COMPLETELY seperate from personal numbers)
5. If it's easy to get into, it's easy to get out of.
it takes money to make money and it also takes dedication and time on all types of legal legit business. The return is different depending on location and if you caterer to your customer... but by all means this is not for everyone. Specially get rich quick, ones
Miss it’s in every buisness! You just need to struggle! Don’t discourage people
A lot of haters on this channel because they don’t listen. She definitely a business minded person understands how to game plan and what her ultimate goal is. Keep growing in learning from you.
I thought I made it so clear. Especially when they look at my page for what I document. People just want me to stay stagnant
Someone needs to invent a motorized lift that one can roll the V. machine onto behind the pickup, step onto it and raise by pushing a fixed control. Then at height one can push it into the truckbed. It could be moved by a hitch.
I guess it's not a business for people not willing to put in the work.... at least that's what it sounds like
Lovely video. Love the information given. I had a question though throughout this video. Is it better if you have a snack store and a vending machine at the same time. As with the extra snacks, you could not fit in the vending machine, you can sell them at the store.
With the way society is, I wouldn't have a snack store unless I was in a tourist area
@@letsjazzitup Oh okay. Understand. I can see what you mean.
@2:21 Damn, who was moving a fully stocked machine with the machine door open and trays sliding out😅
The machines was too big to get through the door so we have to open it to get it out and I did not want to unload all that food lol.
Interesting. I am glad I started with the cons in my research... Now I can look at the pros under the light of skepticism. I am still interested, but this was helpful.
Congrats on ur new adventure!!! Thanks for the videos!
Thank you
First time viewing and i got a lot out the pros but a tad confused. 1 so did you quit your full time job. 2. You mentioned location and i watched your video on how to start up and make portfolios but what you didn't mention is how long the product can stay in the vending machine or what items you can actually sell. Your very informative and I love it. 3rd location. I was gearing towards malls and big open places so i wanted to know is there a mission statement you must follow. 4th. Your llc is just your name of the business. And when you obtained your LLC what was it solely based on vending. With a LLC that secures you name but what about the business.
And sidenote if you want to go into real estate you should invest in a Airbnb you will get much further and even if you decide not to rent you can still use or get any home under your LLC real estate agents make a lot of money but just as well as you put your time into the vending you have to put your time into those homes and you have to be invested into your sellers and your buyers so if you get a Airbnb and you rent it out as any type of rental you can still have your vending machines. This is why I asked the questions that I did and did your LLC pay for your name or your business
The only real passive income is long term investing and that's not really income when you're gonna roll your dividends back into the investment most times. The tiny house deal is a GREAT idea, kinda jelly tbh 😁. You come across as kinda feeling bad that you had to offload assets to invest in a bigger venture when that's simply just business and how it works. You shouldn't feel bad about that but I understand letting go of one thing to move your energy elsewhere can be brutal sometimes. The best thing you're going to learn in business is to strip away the attached emotion that goes into it. The more you do that, the better you will feel. If we let profits dictate too many emotions we will get exhausted and burn out. You can love something too much or hate something too much and detaching the emotions in the first place would solve a lot of issues in business.
I love this. Thank you so much.
Looking at it you treated it like a hobby, and an expensive hobby.
You should know what a location is going to cash flow before placing a machine down just cause a location wants machines dose not mean you should put a machine there.
I'm loaning on all my 13k machines and they bring 1k/month at location 250 in monthly payment on loan.
I thought it would be awkward to put MY vending machine on other people's property.. this video confirmed that.. thanks be to God for the information I appreciate it 💕
Love from MCGI 😄
why did you choose Tennessee for your tiny house land?
Land laws were lenient
The most important question wasn’t answered. Were you profitable and how much profit did you make each month when you had the machines? Congrats on your real estate transaction. I hope it works out well as I’m sure it will.
I think she said it was profitable but you have to be on top of everything. You would need trusted people to help if you don't want to quit your job. I'm guessing bill jams and stuck snacks happens so the customer would call when that happens and she would need to go to that location and fix it.
It's a hard business if you're the only one who is doing everything especially with mutliple machines
What ever happened with the abandoned machine? Most states have laws on property abandonment and when it becomes the business’s property.
I never check on it
Keep shining!👑💖🌟
Thank you love
If you own your own business you pretty much work 24/7. It doesn't matter what it is.
did you get more money selling it with the location than what you initially spent?
You always get extra money when you can sell a machine with a location
I’m a Taurus I have patience
How much does it cost to rent a place where vending machine will be placed?
Is annoying that the person you sold the vending machine to abounded it and let you the one being complained to. I thought about getting into the vending machine business but decided not to.
When something went wrong with your machine or it breaks do you fix the machine yourself or can you hire someone to fix the machine for you
if you have an inventory of what was put in that machine and see what products sold and what is remaining, then your staff can't cheat you coz everything is accounted for.
What do you think about an ATM business vs vending machine business?
Appreciate the insight 👍
Shipping you touch on do you want to rent a U-Haul? I will never rent a U-Haul to move a vending machine. I will, however rent from Penske, which is similar to a U-Haul because they have box trucks that have Tommy lifts for the same price you’ll pay for a U-Haul That you wipe the truck and you want to buy the truck from them. They will sell it to you.
I’m only doing it because I know ppl that have ebt cards and I can get the snacks for cheap 👀
Good plan
You're not supposed to spend a boat load of your own money on an asset that pays for itself... it pays for itself, slowly over time.
I started my vending machine business, and I am looking for some distributor. Can you give some tips ??
Good video… no matter how many machines you have its not passive at all.
True!
All I heard were complaints. It seems to me like you're just lazy. You wanted a better life but doesn't really want to do the hard work to get there. Meh.
I think vending machines would be a good side hustle for extra money
Yes!
You use your vending machine business appropriately, but I may have been a hard decision for you to move on. You used it as the steppingstone to move onto something else you wanted to do. You do not need to feel guilty about this because it’s now got you in a better position for what you wanted, maybe later on you can restart that business build out the assets and then you have something to fall back on once again if you need to make another move to continue doing what you like to do. I applaud you when you made this decision because unlike everybody else they would’ve said oh I can’t do this. I can’t do that. I can’t do something else, and you made your assets work for you. You have a business where the value of the assets maintain their value at the same cost or slightly less than what you paid for you have a better structure than somebody who has a rich business who can never get the cost back.I would encourage you to look at your rentals the same way as you move up through the food chain that something could be done encourage you to restart another Vending route it up so that you have assets you can fall back on and maybe build out a better one than before.
#1 Biggest Mistake when getting into Vending: Buying CHEAP old/used vending machines. Don't do it. you will regret it.
I can agree on the machines being expensive.
Prices have gone up
Quick question: what if you want to put a soda vending Machine at an OUTSIDE location, like in front of an apartment complex? What do you have to do to protect the machine from rain, heat etc? Is it more of a maintainence nightmare rather than having it indoors?
Get an old dixie narco soda machine. Can't do snacks, easy to break into