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Vending machines

jaymbrs

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I’m considering buying some vending machines for additional income. Anyone have experience?
 

logicallefty

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No experience with the sales side, but I once dealt with a Pepsi machine that got hacked through it's Internet connection, which is common to have now on the newer ones that take credit cards. This caused quite a stir for the company responsible for the machine and the college where the machine was located. Make sure you secure the machines well.
 

jaymbrs

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No experience with the sales side, but I once dealt with a Pepsi machine that got hacked through it's Internet connection, which is common to have now on the newer ones that take credit cards. This caused quite a stir for the company responsible for the machine and the college where the machine was located. Make sure you secure the machines well.
That’s a big concern of mine. I feel these things are easy targets for theft. I’m just trying to see if the pros outweigh the cons.
 

eli77

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Not a bad side hustle if you could get into the cannabis and you should be good and with credit fraud on the rise you have to watch out with that as well
 

Howiestern

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The guy that owns the gym I go to has 3 vending machines stocked with work out/energy/protein drinks. He has told me he does very well with them and threw out some impressive numbers. They are getting restocked every 3 days.
 

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jaymbrs

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The guy that owns the gym I go to has 3 vending machines stocked with work out/energy/protein drinks. He has told me he does very well with them and threw out some impressive numbers. They are getting restocked every 3 days.
Must be nice to run a business and a side hustle that complement each other.
 

BillyPilgrim

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I don't have experience but I don't think this is a good field with discretionary income going nowhere but down.
 

evan12

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I’m considering buying some vending machines for additional income. Anyone have experience?
I did some research about them before, I think it is only profitable if you have many and make it your full time job to go after them
 

jaymbrs

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I did some research about them before, I think it is only profitable if you have many and make it your full time job to go after them
I did more research and found that the easiest way to make it work is by knowing business owners that'll allow me to place them on their property. They would generally take a cut of the profits. As of now, I only know 2-3 business owners who would probably work a deal with me.
 

jaygreenb

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I did more research and found that the easiest way to make it work is by knowing business owners that'll allow me to place them on their property. They would generally take a cut of the profits. As of now, I only know 2-3 business owners who would probably work a deal with me.
Go knock on some doors and talk to managers and owners. Can be intimidating if you don't have sales experience but that will get you the least expensive and most effective results. That is how I started my business the first few years essentially until I could afford a sales rep. Good skill to get comfortable with
 

RazorRambo24

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A popular vending machine these days is not food related.. ITs ones that sell eye lashes and nails.. They are KILLING it at malls and such..

I'm an entrepreneur myself.. I got hella ways to make money.. If you ever want to chat, hit my DM's.. My main bread and butter is ecommerce right now.
 

BackInTheGame78

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I’m considering buying some vending machines for additional income. Anyone have experience?
There is a YouTube channel of a guy who is in his late teens/early twenties that has several machines and he does walkthroughs of how he manages them on a monthly basis, where to put them, etc...

It was pretty interesting even for someone who isn't trying to add them...will try and find and post it here

Found it:
 
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jaymbrs

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There is a YouTube channel of a guy who is in his late teens/early twenties that has several machines and he does walkthroughs of how he manages them on a monthly basis, where to put them, etc...

It was pretty interesting even for someone who isn't trying to add them...will try and find and post it here

Found it:
Thanks for the vid. It looks like he averages about $140 per machine per month gross. His net may end up being about $100. Not sure if that's worth it, IMO. Machines cost about $5k and the cut a business takes averages about 10% for electricity use, etc. Then there's vandalism to factor in....
 
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