How to Start a Vending Machine Business, Cost, Tips, How Much You Make

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The Business Guy | Asset Protection Planners

The Business Guy | Asset Protection Planners

Күн бұрын

Пікірлер: 945
@TheBusinessGuy
@TheBusinessGuy 2 жыл бұрын
Please watch to the end where we talk about how to 4X to 7X your profit every year. VERY valuable information! Please "Like," SUBSCRIBE: bit.ly/BusinessGuySub | What's a "route?" It is multiple vending machines placed in various locations. The second most common question is where do I get a contract? It’s in the description below the video.
@deslynwillock3106
@deslynwillock3106 2 жыл бұрын
Where can I rent a vending machine from?
@dustinhuffsteter7968
@dustinhuffsteter7968 Жыл бұрын
How much do youguys charge to create the LLC? what information is needed this is my first time starting a business.
@SpoonLegend
@SpoonLegend Жыл бұрын
WHATS AN LLC?
@DC-uj5rq
@DC-uj5rq Жыл бұрын
Un-watchable
@TheBusinessGuy
@TheBusinessGuy Жыл бұрын
@@DC-uj5rq thanks for watching, friend. Have a great day.
@jakedye172
@jakedye172 11 ай бұрын
dude is giving a step by step to make money and its not a scheme. incredible. i think im going to do this
@DGsKattKatt
@DGsKattKatt 6 ай бұрын
I am!
@mattygeno
@mattygeno 4 ай бұрын
@@DGsKattKatthow’s it going? ❤️
@Aidenclark45
@Aidenclark45 3 ай бұрын
@@mattygenoidk how it’s going for him hope it’s going good tho
@thefilmmaster1936
@thefilmmaster1936 3 ай бұрын
Same here. I’ve been considering this for a long time and this video is a great breakdown
@BazziCSGO
@BazziCSGO 23 күн бұрын
@@DGsKattKattany updates?
@dauuiel
@dauuiel 2 жыл бұрын
I appreciate you telling people not to go into debt man.
@zachhenson7844
@zachhenson7844 2 жыл бұрын
I did that for my home but I'm treating it like an investment. I bought the home for 130k and it was valued at 165k. In a year I'm going to refinance and pull some equity out to buy a duplex and rent both sides off. And then use the rest to invest in a side business.
@GunninWizard
@GunninWizard Жыл бұрын
I just want one or two machines. Not looking for get rich just permanent side income. 4 or 500$ a month would make me completely happy
@Hill.V.Services
@Hill.V.Services Жыл бұрын
What kind of vending machine could you like to own mr? Combo , snacks only or drinks only 😅 hill services is at your service
@jackweber3660
@jackweber3660 10 ай бұрын
as a teenager looking for some stability i feel the same. i want to dabble in this market while i am still a dependent.
@HECKTICK007
@HECKTICK007 6 ай бұрын
​@@Hill.V.Servicesyou sell machines??
@LewisBeck-sx5yy
@LewisBeck-sx5yy 6 ай бұрын
You’re going to eventually start going up more and become rich
@pureshinobi1676
@pureshinobi1676 3 ай бұрын
​@jackweber3660 gonna be hard but u can start or save up but the insurance and LLC goin to be the hard part and making negotiations wit business too as a teen they might not take u seriously
@darrencharlie
@darrencharlie 2 жыл бұрын
I've been thinking about getting into the vending machine business because I see good profit in that from a friend of mine. He purchased his vending machine for $2300 used. He makes between $370 too $500 a week.. and this is only a small town location so it got me really thinking of purchasing one or two myself
@bc-ologystudios1420
@bc-ologystudios1420 Жыл бұрын
what kind of business is it located in if you don’t mind me asking?
@bl8388
@bl8388 Жыл бұрын
Is that after expenses? Net profit when you subtract fuel cost, insurance, and product/maintenance?
@Wexfordpunisher
@Wexfordpunisher 3 ай бұрын
Wat type location u In
@Amsamuels248
@Amsamuels248 5 ай бұрын
If you are doing this for a side business, I would do cash and Excel. Using a credit card option, it takes all your profit. You have to pay three fees. Wi Fi connection, credit cards fee, and the service you use for the machine.
@nicanornunez9787
@nicanornunez9787 2 ай бұрын
That is a good tip
@PepperoniSlacks
@PepperoniSlacks Ай бұрын
yeah but who carries cash nowadays? I never carry cash
@brandonsmith1945
@brandonsmith1945 Ай бұрын
@@PepperoniSlacksif it’s a place where individuals visit more than once like a school, doctors office, etc they will remember to bring cash next time
@brookkirk3050
@brookkirk3050 Ай бұрын
@@brandonsmith1945no one is going to remember and go out of their way to bring cash for a bottle of soda. A credit card tap option is a must it’s about to be 2025 not 1996.
@Rowdybandit545
@Rowdybandit545 16 күн бұрын
What do you mean by cash and excel? What's excel?
@iwantcheesypuffs
@iwantcheesypuffs Жыл бұрын
I want to reiterate what he is saying. If you cannot buy your vending machine with cash -- you're not ready. Leveraging debt on "small deals" is a bad way to start (imo). Please tell us who the company was on the second call. I definitely don't want to be calling them for vending machines.
@docusigndocusign7745
@docusigndocusign7745 2 жыл бұрын
The BEST vending machine business startup video on KZbin HANDS DOWN!
@hilly2387
@hilly2387 2 жыл бұрын
I agree
@NajjibYasiin
@NajjibYasiin Жыл бұрын
I love your disposition and ability to effectively communicate. Alhumdulilah.
@Bonerbreath1016
@Bonerbreath1016 2 жыл бұрын
I really enjoyed this. My only disagreement is selling route after route. As of early Oct. 2022,I have 44 machines so far, 23 locations. I believe in constantly building my route up and not selling my cash flowing accounts. Increasing cashflow, thinking long term. Because there’s only so many locations. But thats only my opinion. Please leave me feedback;) ***Love seeing people interested and asking questions. Here to help where I can.
@TheBusinessGuy
@TheBusinessGuy 2 жыл бұрын
Great plan Randy. Stick with it. Most people get a few machines out there, think it’s too much work with not enough profit and fizzle. So the sell the route message is for them. If you are in it for the long term just keep it growing. Get software systems in place to manage things, hire people to help you, and the sky is the limit.
@stepsquidward4945
@stepsquidward4945 2 жыл бұрын
How do you manage 28 machines? With the restocking, cleaning, and maintenance
@Bonerbreath1016
@Bonerbreath1016 2 жыл бұрын
@@stepsquidward4945 33 machines as of 10 minutes ago lol I am doing this full time now so I have time to make it work
@gonnyboi5568
@gonnyboi5568 2 жыл бұрын
@@Bonerbreath1016 Hey Randy, I see you've done great with your vending machine business, could I ask for some advice? I want to get started around August or September and I want to get everything ready by then, you would help me a ton. If you have the time and you don't mind, please leave your Instagram and I will text you there.
@KillingDylvn
@KillingDylvn 2 жыл бұрын
Looking at the big picture like bezos‼️‼️
@MrOthellojr
@MrOthellojr 2 ай бұрын
Within 1 minute and 52 seconds, I heard enough. Subscribed.
@Trav-p8y
@Trav-p8y 2 жыл бұрын
Thank you for this video! I’m a 11 year old kid who has been saving for a while to buy a vending machine. I never thought about selling the locations and vending machine if i get into the business! This video is great! Thank you!
@aaronbritton2709
@aaronbritton2709 6 ай бұрын
bro keep it up at 12 years old that’s crazy i was playing cod, 21 now
@learnergrowthmind
@learnergrowthmind 4 ай бұрын
@@aaronbritton270925 now , those four years fly by if you’re not careful like myself
@nicanornunez9787
@nicanornunez9787 2 ай бұрын
Heyyyy, we got a little warren Buffett over hear!
@hemantparakh6462
@hemantparakh6462 10 күн бұрын
Thanks
@TheBusinessGuy
@TheBusinessGuy 10 күн бұрын
Welcome :) Thank you.
@mileyreese6071
@mileyreese6071 2 жыл бұрын
I bought a coffee from a vending machine at the airport coming back from a trip. And it was good. I think they also got hot soup. I like to own a vending machine that offers hot drinks and hot foods too.
@tylerhunt7552
@tylerhunt7552 2 жыл бұрын
Wow! Terrific video. I've been watching KZbin videos on vending businesses for the past couple of months, and have not found one as informative as this. Great information.
@05weasel
@05weasel Жыл бұрын
If you’re in a location and the owner tells you what you SHOULD put in the machine, feel free to try it. If the owner tells you what you HAVE to put in the machine respectfully end that business relationship and find a new location.
@abbwavy_don7536
@abbwavy_don7536 6 ай бұрын
I read this like 10 times
@05weasel
@05weasel 6 ай бұрын
@@abbwavy_don7536 my bad. Was the wording confusing?
@GoddessGreene
@GoddessGreene 2 жыл бұрын
This was great! Very useful, very well organized, point by point. You also do a great job of explaining the steps, the costs and what things to prioritize. This is very useful. A great work on asking for the thumbs up early on without sounding like you’re soliciting. Five stars!
@headhonchoej
@headhonchoej 2 жыл бұрын
You cleared up some much Anxiety on where to start your vending machine business. THANK YOU SO MUCH
@alexdowns4783
@alexdowns4783 Жыл бұрын
Gym's are solid can put bottled protien drinks gatorades healthy snacks etc. Carwashes are good can put air fresheners small detail wipes etc ppl there are already in mindset of freshening there cars
@hustleacademy3571
@hustleacademy3571 Жыл бұрын
the phone call was really cool. Liked your video!
@BigShrimpin416
@BigShrimpin416 27 күн бұрын
I’ve been seriously thinking about getting into the vending machine business. This video was very informative and answered a lot of questions that I had! This was great, thank you for the info!
@markpang5059
@markpang5059 2 жыл бұрын
This was a perfect "How to Start a Vending Machine Business" video. thx The Business Guy!
@TianaManeO
@TianaManeO Жыл бұрын
I've come to realize that the key to amassing wealth lies in making sound investments. I purchased my first home at the age of 21 for $87,000 and sold it for $197,000. My second home, acquired for $170,000, was later sold for $320,000, and my third property, purchased at $300,000, fetched $589,000, with buyers covering all closing costs and expenses. Not reaching a million before retirement feels like an unfulfilled goal.
@onam2500
@onam2500 Жыл бұрын
Sc@m! seen the original comment from the actual person and it’s definitely not you. stop feeding people false info. God bless.
@toryherbert2283
@toryherbert2283 8 ай бұрын
Im right with ya on that hun ​@cathyspiegel6765
@kraftmachine825
@kraftmachine825 6 ай бұрын
U just saved money honestly, the same as buying gold scrap
@Bellabarbee
@Bellabarbee 5 ай бұрын
Amazing ❤
@miamendez2878
@miamendez2878 Жыл бұрын
Youre so easy to follow and understand. I have a very hard time listening to most people without my ADD zoning me out. Thank you so much for such incredible, useful content!
@RobShootPhotos
@RobShootPhotos 2 жыл бұрын
I don't think I will be selling my route. Lol. I'm pretty happy with my 60 stops. I only have to deal with the cost of my snack machines for maintenance and repairs because I've established myself with Coke and Pepsi. If I don't have time to do the detail cleaning on the machines, the route makes enough to hire trusted family members to clean them. Most repairs such as a coin changer and bill acceptors takes 10-15 minutes to replace. It's important to get good quality equipment or deal with repairs way too often. You can get cans cheaper in a store but with no repair costs of the Coke and Pepsi machines, product is delivered directly to me every week, availability of 20oz bottle items at a good cost and I can still make more than double on 12oz cans, it is well worth being established with Coke and Pepsi.
@TheBusinessGuy
@TheBusinessGuy 2 жыл бұрын
Way to go. Keep up the good work.
@austinpage9463
@austinpage9463 2 жыл бұрын
He's proposing a business idea where you can make 4-7 years of profit in
@denisedoherty4909
@denisedoherty4909 2 жыл бұрын
That's awesome. Do you mind sharing your approximate monthly income from all of your stops? I am trying to decide whether this would be a lucrative investment.
@alejandraromero3904
@alejandraromero3904 6 ай бұрын
Where do u get your contracts
@Anchor7
@Anchor7 2 ай бұрын
Is there a service that stocks the machine?
@Zaytxvn850
@Zaytxvn850 Жыл бұрын
Man I appreciate how you broke everything and gave step by step step great video❗️
@iKidd94
@iKidd94 2 жыл бұрын
Finally I found a video that's actually informative
@akonadoka5201
@akonadoka5201 Жыл бұрын
Thank you so much for the video. I just called and started my LLC program
@omarazoo8698
@omarazoo8698 5 ай бұрын
How is it going
@Steve-tn4sh
@Steve-tn4sh 15 күн бұрын
^ update?
@kahkashankazim6316
@kahkashankazim6316 15 күн бұрын
Update
@TakarraSmith
@TakarraSmith 9 ай бұрын
I really appreciate your video. I know nothing about running a business but I have confidence that if I follow these 5 steps, I will be successful! Thank you!
@michelle327as
@michelle327as 2 жыл бұрын
I keep rocking with you bro! You real giving out all these Methods/Tutorials. Not everyone does these kinds of things. It’s motivational bro..💪🏽❤️
@jamirhaynes3836
@jamirhaynes3836 2 жыл бұрын
I was told don’t even mention commission. Let them bring it up to you and if so, choose a percentage that makes both parties happy🤷🏾‍♂️
@TheBusinessGuy
@TheBusinessGuy 2 жыл бұрын
Agreed. Only mention it if they ask or if needed to persuade them to say "yes."
@daniesza
@daniesza Жыл бұрын
I made the mistake of trusting in a company that had a lot of fluff and sold me 3 machines at $10k a pop. Healthy Vending was of less help than you all here on KZbin. Now looking to sell them but don’t want to take a loss. Great locations we found ourselves in the end and we profited only $2000 a year.
@gianthills
@gianthills Жыл бұрын
seems the hardest part is finding the spots to put them.
@jazbothoughts
@jazbothoughts Жыл бұрын
bro got straight to the point
@a.N.....
@a.N..... Жыл бұрын
Thank you so much for this information. Most of the time people try to put this stuff behind a paywall.
@jordaneven9096
@jordaneven9096 2 жыл бұрын
"and I never borrowed a dime." Preach!
@Evil_Wolf05
@Evil_Wolf05 Жыл бұрын
Wow this honestly gave me everything I need to pull the trigger on this business venture. Thank you!!!
@user-ih8vk7cs5k
@user-ih8vk7cs5k Жыл бұрын
How’s it going?
@SoftJay94
@SoftJay94 Жыл бұрын
Let us know how you do
@bobgriffin2070
@bobgriffin2070 Жыл бұрын
How'd it go?
@3yooda91
@3yooda91 Жыл бұрын
Intrigued to find out how you are doing?
@robborino85222
@robborino85222 Жыл бұрын
any updates?
@babycayy_
@babycayy_ Жыл бұрын
you dropped all gems man, legend
@Ivan-fs9nz
@Ivan-fs9nz 2 жыл бұрын
Question for you, say you get a hospital to allow you to bring in your machines, who pays for the power bill or how do you negotiate that?
@michaelferguson7494
@michaelferguson7494 23 күн бұрын
This is an amazingly informative video!
@johankarlsson1802
@johankarlsson1802 2 жыл бұрын
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
@Jonathankirchner_
@Jonathankirchner_ 2 жыл бұрын
Investing in crypto and stocks is a good idea, a good trading system would put you through many days of success.
@amandaeaton9645
@amandaeaton9645 2 жыл бұрын
It's possible to produce superior performance provided you do something different from majority. However most of us tend to pay more attention to the shiniest position in the market to the cost proper diversification.
@Michaelwarmbierton
@Michaelwarmbierton 2 жыл бұрын
Having monitored my portfolio performance which has made a jaw dropping $375k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.
@johankarlsson1802
@johankarlsson1802 2 жыл бұрын
@@Michaelwarmbierton Interesting, I have a lump sum doing absolutely nothing at all my bank account, I wanna get something started with it, you seem to be doing excellent for yourself, how do you achieve this?
@Michaelwarmbierton
@Michaelwarmbierton 2 жыл бұрын
@@johankarlsson1802 Exactly, the trick is to diversify your investment, don't panic when everyone else is and invest consistently.
@Squiggy8440
@Squiggy8440 2 жыл бұрын
My grandpa used to have a venting machine as a side hustle while he worked at the airport. One of His most popular items was chicken broth. Because it was different :> I wanna try this out because i’m on disability and cant really do much. ^^
@kamieaston3016
@kamieaston3016 2 жыл бұрын
I wanna buy one of those ramen noodle vending machines and put it at a truck stop or something.
@Squiggy8440
@Squiggy8440 2 жыл бұрын
@@kamieaston3016 right? Or those japanese drink machines with hot and cold options. I wonder where i could get machine imports
@kamieaston3016
@kamieaston3016 2 жыл бұрын
@@Squiggy8440 I saw a vending site selling the ramen ones, they aren't cheap. In terms of those hybrid machines, I wouldn't even know where to look lmao.
@fran2688
@fran2688 2 жыл бұрын
Thank you! So very thorough! Every question I had in mind you touch on it!
@KanyewestbiggestfansBiggestfan
@KanyewestbiggestfansBiggestfan Жыл бұрын
Thank you, Washington Commanders coach Ron Rivera.
@mrp9597
@mrp9597 2 жыл бұрын
Love this! Thanks so much mate. Especially like you showing the phone calls too
@vendingwithniall
@vendingwithniall Жыл бұрын
great job, keep up the great work. once you know how the business works it becomes alot easier!
@elibecker5071
@elibecker5071 Жыл бұрын
Vending routes sell for 1-2x the annual profit, not 3-4x. Where did you get the 3-4 estimate?
@Cmoney1106
@Cmoney1106 4 ай бұрын
I've been in B2B sales for almost 10 years. Cold calling for my own side business is 10x as exciting as calling to sell someone else's product. 😅
@crownbikes1375
@crownbikes1375 Жыл бұрын
If anyone has a hard time looking for the right location construction job sites are guaranteed money.
@hestontela7488
@hestontela7488 Жыл бұрын
The quick tip for sure not go into debt is key
@Hill.V.Services
@Hill.V.Services Жыл бұрын
Bravo! He said it all 😊
@EnginAyurekk
@EnginAyurekk Жыл бұрын
Thanks so much sir , your machines are wonderful and it hasn't shown any malfunction or complain about it , am looking forward to getting my third Machine from you 😅
@H.R.HHenriGrandDukeofLux-cl6fn
@H.R.HHenriGrandDukeofLux-cl6fn Жыл бұрын
Good is saw you again, This there any fairly used combo vending machine available i hope the price is still 2500 😂😂
@HelenMoffi
@HelenMoffi Жыл бұрын
🎉😊
@AndrewClarkson-vc9nn
@AndrewClarkson-vc9nn Жыл бұрын
Someone people might not know him he is a vending machine vendor , popular in Clearwater city, Florida, if you ever need a vending machine, do well to meet him 😅
@Amafaranga300
@Amafaranga300 Ай бұрын
Agree with you! It's better to set up a business and sell it!
@CoffeeandHobby
@CoffeeandHobby 2 жыл бұрын
I'm to disabled to work an actual job so I was looking at getting gumball machines to put around places as a form of passive income. I don't think this video applies to me but you seem to be giving good advice.
@jahimjauh-hey5653
@jahimjauh-hey5653 Жыл бұрын
Best of luck to you!!
@davidortiz8913
@davidortiz8913 Жыл бұрын
I hope you kickstart your business soon. Being disabled is the absolute worst. Had a accident at my old job and messed up my back pretty good. Good luck
@marka.arcenas5211
@marka.arcenas5211 2 жыл бұрын
That LLC thing is that applible..in California also i asked around d here in California the business that have vending machine like a hospital they tell me the hospital doesnt get paid by the vending machine owner regarding using the hospitals electricity I'm still new your video on vending machine business is the first I saw
@rogermaddox9902
@rogermaddox9902 2 жыл бұрын
Love it and great information. Planning on starting one where we live. Time well spent.
@Stevocold
@Stevocold 10 ай бұрын
Thanks man I’m going to start working on it today
@dreyprice248
@dreyprice248 2 жыл бұрын
This was one of the best videos I’ve seen..very informative with gr8 advice..
@mackendietoussaint5135
@mackendietoussaint5135 2 жыл бұрын
First time watching you and I got to say I love this guy thank you for the info
@ryanbizahaloni9839
@ryanbizahaloni9839 2 жыл бұрын
That was, actually, very informative.
@ericphantri96734
@ericphantri96734 Жыл бұрын
We should build our own standard or buy part to custom build otherwise it is just dynasaur just phone services is more than ten time the vending business itself
@Guykhan
@Guykhan Жыл бұрын
What I wished we had over here in the states are the Japanese vending machines. They're ahead of us in this game.
@nperk1
@nperk1 Жыл бұрын
I agree !
@Draega007
@Draega007 Жыл бұрын
I visited my brother before covid in Okinawa and he told me to get the warm cream style corn out one of the vending machines I was skeptical but it was so good.
@CarlinPlayz
@CarlinPlayz Жыл бұрын
This is very useful. I have tried starting a couplw business but they all failed. Its probably cause im 14. My main problem is money. I had a bike repair business started but no money for parts. I think ima do rhe bulk vending first. There cheap and simple to use. If that works ill upgrade to vending machines
@arunprekaash1356
@arunprekaash1356 2 жыл бұрын
This is the best advice and very helpful for me. Thank you so much for those important informations.
@1komentator
@1komentator Жыл бұрын
Amazing and detailed guide. Thank you so much, for such a quality content.
@Hobojoes
@Hobojoes 2 жыл бұрын
You mentioned something of me needing to pay the landowner for electricity or using their electricity from using a vending machine. I just looked up a solution for that Coca-Cola has a solar powered vending machine
@TheBusinessGuy
@TheBusinessGuy 2 жыл бұрын
Great solution.
@dreamduo3888
@dreamduo3888 2 жыл бұрын
How does that work exactly?
@Hobojoes
@Hobojoes 2 жыл бұрын
@@dreamduo3888 it's simple as the guy had mentioned right pay attention to his video that you may have to help pay a fee when setting up your vendors for if you're using to help pay their electric bill from using their electricity here's the thing like I said Coca-Cola has solar powered vending machines that could solve the solution of not having to pay an electric bill for using someone's outlet to plug your machine in because here's the thing a business owner normally doesn't like having to pay a lot of bills but they do anyways rather it'd be to their coworkers or rather to pay for the land of the building is on now think of it solar powered runs off the Sun that vending machine is going to be sitting in the sun 24 hours a day waiting for customers to come buy a drink and here's the thing from where it runs off the sun's electricity from where it's solar powered the exact unit that I'm talking about that you can look up that would solve a solution with the boss that you're doing business with because you get permission to place your soda vendor day right that boss might let you do it for free if the soda vendor itself is solar powered might let you place it there for free cuz you won't be charging them an electric bill from having the unit there now they may ask for a small cut of the profit but a solar powered one would work would probably help eliminate a lot of third-party bills making it so that you can keep most of your profits
@Hobojoes
@Hobojoes 2 жыл бұрын
@@dreamduo3888 because if you go to think of it a soda vendor or any vendor machine is still technically a third party company all right first off think of all the snacks that you sell from those machines half the money goes to you half the money would have either went to the land that that's the soda vendor is sitting on while the other half would have probably went to the companies whose snacks or foods that is being sold out of that machine to help pay for it so that more snacks or whatever's can be delivered and replaced in the machine think of it if you're wanting to keep some money you want to eliminate as many bills as possible and having a solar powered one just might help cuz you won't be burning up someone's electricity
@JenniHealth
@JenniHealth 2 жыл бұрын
Best vending machine video!! Thank you
@TheBusinessGuy
@TheBusinessGuy 2 жыл бұрын
Glad it was helpful!
@cassielebon2787
@cassielebon2787 Жыл бұрын
Thank you for the information. That is what . I want to start this year .
@dajaden1942
@dajaden1942 Жыл бұрын
Amazing video, you explained everything I needed to know
@anaskhan-dt1qh
@anaskhan-dt1qh 10 ай бұрын
Really Amazing Video 😍 I enjoyed a lot
@KimberleyAsante
@KimberleyAsante 2 жыл бұрын
I would like to know if there is any business law requirements in order to sell products from, let's say, Coke or Pepsi. I am aware I need to officially apply for a business and a sellers permit, but do I also need an agreement from the companies of the products I am selling? Thanks in advance!
@TheBusinessGuy
@TheBusinessGuy 2 жыл бұрын
No, to my knowledge. Just buy the Coke and Pepsi at Costco and plop it in your machine.
@RobShootPhotos
@RobShootPhotos 2 жыл бұрын
No you don't if you just buy from a store. However if you find that you like what you are doing, you build up to a full time route and you don't want to sell it, it might be a good idea to contact Coke or Pepsi to establish delivery services. You will gain access to things like 20oz bottles and other items you can't get at stores at a cost you can sell them in your machines. Also if you don't want to worry about overhead of repair cost of the drink machines, you might be able to use their machines and they will do the maintenance for you. There are two disadvantages to that. One, you can't mix or match Coke, Pepsi or other brands in one machine. Two, the value of your route goes down if you sell it because the drink machines aren't yours to sell with each location.
@runitupron6983
@runitupron6983 2 жыл бұрын
No lol
@msmaria5039
@msmaria5039 2 жыл бұрын
This is really insightful and will help me on my future vending machine endeavor.
@alexthomas4846
@alexthomas4846 Жыл бұрын
Has a business owner asked you to sign any sort of contract or written agreement before putting the vending machine in the location? Is it normal to have handshake agreements if you are not paying commission to the location owner?
@Dianimations_
@Dianimations_ Жыл бұрын
I wanna know that too!
@ironbody2682
@ironbody2682 Жыл бұрын
I'm not understanding. My first question is why are we selling the business if you are making $2000 or more a month? My second question is how does buying a route usually go? Like do you have to buy the route upfront or, do you buy it as you go from making money off your inventory
@Ray-jn8fg
@Ray-jn8fg Жыл бұрын
When you've made enough profit and goodwill for your vending locations you can put up a hefty price at which you want to sell it, and people who want to buy the machine will buy it to secure the same kind of profit that you once had. While you who now has a good amount from selling your route can start another successful route, but honestly me personally I wouldn't sell my route I'd just employ more people to look after my machines while I add more machines, that way I create employment for people around me and a full fledge business I can now call mine.
@myhalfacent7408
@myhalfacent7408 5 ай бұрын
Let’s say you got 20 locations and each location makes roughly 2k a month. That’s 40k a month with those 20 locations. You can break it down to two routes 10 stops each and sell each route for 100k and up
@Amazonia_DJ
@Amazonia_DJ 5 ай бұрын
What does it mean to "sell your route"??
@Nicefoolkilla
@Nicefoolkilla 4 ай бұрын
I'm guessing all the machines you have in several locations or the different things your machines are selling.
@QUiNTiNBANKS
@QUiNTiNBANKS 2 жыл бұрын
great advice, i just subscribed
@TheBusinessGuy
@TheBusinessGuy 2 жыл бұрын
Welcome, friend!
@romando1990
@romando1990 Жыл бұрын
First Year Business Student, this helped a lot!
@theguyfrmurclass
@theguyfrmurclass 2 жыл бұрын
Thank you for this detailed video on how to start the vending machine business! :)
@edwarddavis6913
@edwarddavis6913 2 жыл бұрын
Here is a training that doesn't cost much: www.udemy.com/course/the-vending-machine-business-healthy-vending-revolution/?couponCode=VENDTRAINDISCOUNT
@Dbennett19962
@Dbennett19962 Жыл бұрын
Super thorough, appreciate it Business Guy!
@neglakay1716
@neglakay1716 2 жыл бұрын
You should be teaching in schools, you're an awesome teacher ❤️💯🙏
@mstoniyolanda
@mstoniyolanda Жыл бұрын
KZbin is pretty much school..and he probably getting paid more, and he can do his own thing..
@ElishaOwens98
@ElishaOwens98 Жыл бұрын
Where can I store my product just asking because when I need to restock I know I’m gonna need somewhere to put it. What would be a good place?
@NotthatNeil
@NotthatNeil 2 жыл бұрын
If you’re only starting out with 1 or 2 machines, just as a side hustle on the weekend, do you really need an LLC?
@TheBusinessGuy
@TheBusinessGuy 2 жыл бұрын
Likely not, friend, but we have found that taking the tax deductions might be more acceptable. Be sure to check with a CPA.
@zombieshoot4318
@zombieshoot4318 2 жыл бұрын
An LLC might sound like a crazy thing for 1 or 2 machines but it will absolutely protect if one day something happens and someone decides to sue you. If the worst happens you lose the LLC. Not your house and your savings.
@ftrecordingstudio4034
@ftrecordingstudio4034 10 ай бұрын
Hospitals Surgeries small private consultation rooms know well these machines improve staff humour and efficiency in making important decisions
@nicolelove6230
@nicolelove6230 2 жыл бұрын
Thank you for this information and for breaking down the steps on how to get this kind of business started! I’m motivated to start ASAP…
@user-ih8vk7cs5k
@user-ih8vk7cs5k Жыл бұрын
How’s it going?
@RadicalRadiation
@RadicalRadiation Жыл бұрын
@@user-ih8vk7cs5klol
@niamyton6227
@niamyton6227 10 ай бұрын
At the end when he talks about selling, this is selling the vending machine WITH the location it is already in, correct?
@TheBusinessGuy
@TheBusinessGuy 10 ай бұрын
That is correct, friend. Yes, he is talking about that ;)
@YaBoiAlex
@YaBoiAlex Жыл бұрын
Hey man! I'm 19 looking to start a vending machine business with some friends, in 01:00 you talked about selling the routes, it's quick money yeah and a lot of it, but is it sustainable? Surely there's an end to the stick where you run out of routes and are out of a business that will generate you passive income for ever
@IWantU2Know
@IWantU2Know 4 ай бұрын
I second that question… does your strategy depend on things like where you live, if you want to do other businesses, etc.?
@sneakerheadlee5984
@sneakerheadlee5984 Жыл бұрын
What tyoe of beverage only machine would you recommend? That great quality, modern machine, and that is easy to fix
@Layla_Bayla
@Layla_Bayla 2 жыл бұрын
Very informative. Thank you!
@bradmalonedr1
@bradmalonedr1 Жыл бұрын
Does the vending machine company u purchase the machine from do the maintenance and stock it for u. How do u get it restocked? Thanks
@TheBusinessGuy
@TheBusinessGuy Жыл бұрын
Many, but not all sellers, have service contracts, yes. You're on your own for restocking unless you hire someone to do it for you.
@97axis_sa
@97axis_sa 2 жыл бұрын
Thank you for your video. Very informative and helpful.
@1MrxMJ1
@1MrxMJ1 5 ай бұрын
Great Video. Thank you.
@cocoad.9378
@cocoad.9378 2 жыл бұрын
Thank you, very informative and I will take heed to the notes.
@ericphantri96734
@ericphantri96734 Жыл бұрын
This is big business because phone routers , and sentry program , weather monitoring , and food nutrition and alot member only ensure supply of food without cars
@bigsixtyseven
@bigsixtyseven 2 жыл бұрын
Would I need insurance for my machines? Also how many machines should I have on route before I sell the route maybe at least 50 machines?
@TheBusinessGuy
@TheBusinessGuy 2 жыл бұрын
Need it? No. But may be nice to have a general umbrella policy. Ask an insurance agent. Hard to say how many machines before you sell. More based on cash flow than machines. $10,000 profit annually and selling for $40,000 will have many more buyers than $250,000 annually selling for $1 million.
@austinpage9463
@austinpage9463 2 жыл бұрын
@@TheBusinessGuy very insightful.
@isaacbartolo2988
@isaacbartolo2988 Жыл бұрын
i just don't know where to start, I have been doing some research and still can't find how to legally set up my vending machine business. Every place I go to is going to charge me at $400 to help me put up my business. (and that's not even considering the vending machine costs, or stocking costs)
@shadowcross7248
@shadowcross7248 2 жыл бұрын
Where could I look for route vending for sales from someone if not using Facebook Market. How does the credit card work once someone buys the route and the new person gets the money from each use.?
@WitsEnds
@WitsEnds 2 жыл бұрын
How common is it for the supplier to draw up contracts for the business/property owner? Alternatively who could I contact to make the contract?
@Jadarius9524
@Jadarius9524 Жыл бұрын
Do you have a contract with the business owner prior to placing your vending machine there? If so, where can I get a sample one? Thanks!
@austinsanders4229
@austinsanders4229 2 жыл бұрын
Great video but very informative! My only question is where to start when finding those locations how should I market and get that first vending machine established any responses will be appreciated!
@i_jiles4049
@i_jiles4049 Жыл бұрын
What about the contract ? Any examples or tips on writing up a contract for the business owner where placing your machines ?
@TheBusinessGuy
@TheBusinessGuy Жыл бұрын
Yes, please see the description below the video.
@alexiagutierrez7411
@alexiagutierrez7411 2 жыл бұрын
Thank you ! This was very helpful! 🙏
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