Why I QUIT My VENDING MACHINE BUSINESS and PROS and CONS
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- เผยแพร่เมื่อ 12 ก.ย. 2024
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I appreciate it bro
@@Just_TYE thanks for always showing love
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The thing with vending machines is you have to look at it as an investment not a quick money maker. You need to very selective with your locations pick places you go to anyway. Think about the money spent as money put into a bank. But you own the bank and have to care for your investment a few hours each year.
I look up to you Reyes! Im naming my baby boy Rey!
If youre going to get into vending, do full line drink and snack. Secure a location, then buy a machine or 2, refurbished from a company. Not the public. The company will deliver to your location and give you information on maintenance and setup. Location is what matters. You want 24 hour companies with 100-300 employees. Make sure your machines have CC readers. It increases sales. Know how to do your own repairs. Stick with 1-2 brands of machines for drink/snack or combo. If you got to do repairs, you'll know how. If there's any jams or anything else, you'll have the know how.
Better advice than this whole video. Thank you for sharing
@@buckadillafilms also, one of the city buildings have all the info on up and coming businesses in your area. If you call them. It's public information. You can contact those companies and try to land a contract before they open.
@@reviewsjustcuz1437 That's a seriously good. tip. Thank you again!
high schools as well are the best locations imo.
Agree. However, I have been in the vending business for 20 years. In So Cal getting those plus employee locations 24/7 are the holy grail . Good luck It is like hitting the lottery . I had a few and Coca Cola and Crane stole them from me with bribes It can be a nasty business Trust NO ONE
One of the worst things is when a business calls you and tells you to remove your machine TODAY
thats why you have them sign a contract in the beginning that states you have 2 weeks or 30 days or something to remove the machine if the business request it to be removed.
This dude said OnlyFans didn’t exist back then. Loooool.
I know right
🤣🤣
That shit had me dying
Reyes quit because he started making that TH-cam money .
He gets $500 for every 13 views
@@wileecoyote5749 if thats correct he made 2 million from this video, stop spreading false info.
he made a video about this, he makes about 5$ every 1000 views
@@blackwaltz3135 which is still above average cpm
@@wileecoyote5749 ok stupid
I'm tired of people saying that locations is hard to find! When starting a vending business make sure you go ahead and have contracts wrote up that you and that location sign say 3 month contracts and you pay the person like $50+ depending on vending machine that your using. This means the person will only get $50 plus in a month you will probably not make money but the next 2 months is profitable. But hey got to be smart with a business. Cause a business is about making profit not going broke.
Contracts are risky for the vendor as well, if you set up shop in a bad location youre pretty much stuck taking the loss until the contract is up.
How many machines do you have?🤔
That was the funniest phrase... "Maybe you could pass it on to your kids, so they can hate life!" 🤣🤣🤣🤣😂😂😂
😂😂😱😱😇😇
IA was brushing my teeth and he said this... Spit it all out lol
Im dead lol 😂 great quote
😅 Smh
It was sooo funny
I think vending machines are a win win. IF you have the right locations and proper retailers. Get those 2 things straight and you can't lose. It's not a get rich quick business, but the profit is there.
I would not trust the civilized people to treat the machines fairly with respect
Yeah, locations first then get the machine.
I live in the 4th fastest developing county in America and a twenty minute drive from the largest city in Florida as well as having relatives close to the beach-side part of the city and a fifteen minute drive from the oldest continually inhabited city in the nation so I gotta try this.
It is the best way to start big business without any loans
If you have the money to start one with good locations I definitely recommend! I work for a guy that owns 150 machines and it's well worth it!
150 machines is no longer passive that’s a full time job to manage
@@kenlawdhammercy5804 If you are talking Full Line Yes. If you are talking Bulk - NO! Shelf life for bubblegum is 2 - 3 months. Once the machines are placed you are servicing - cleaning the machines, checking for ants, making sure the machines aren't facing sunlight, building good customer relations. You have a route and make your route work whereby you check on your machines every 15 days. Some people do every 30. I like 15 because if you have a bad machine, you find out about it in two weeks and rectify as oppose to 4 weeks. Another thing is you invest in solid machines like Beaver. Cheap machines will cause you to work harder, not smarter. Experiment with pricing. I might charge a dime for my products depending on the location. I once had a bulk dime machine at a dry cleaners just for employees and it cleaned up.
Just sounds like a complainer giving all the reasons of “why I don’t want to work”
How much profit he makes? Lying bro
@@edgarmontano473 not complaining. The point of having a vending machine business is to have semi-passive income while focusing on other bigger business
The same people calling you out for quitting are the people that will never buy their first machine
Facts
currently calling him out and currently have a vending machine business with machines, so i guess whatever bs you just spewed up is out of the window
I don't know anything about the vending machine biz but I do know this video has some very valuable lessons that could translate to any other business. I'm actually glad to see someone put so much effort into something (even if they found it wasn't the right fit for them) instead of doubling down on something that was making them miserable. The modern entrepreneurship glamorizing of "the grind" makes people feel too ashamed of just walking away and trying to find something that's a better fit for them. Keep doing you, Reyes!
The vending machines is what introduced me to your channel, crazy its been 2 years!
Same bro he really inspirational
Yep. He keeps me motivated. Inspirational guy since the moment I saw him living out of his car!
@@thisguy4614 living out his car???
@@JohnSmith-er7dw th-cam.com/video/vpfX0xaToAU/w-d-xo.html yeah man. He made several videos about it. He still references it sometimes. Anybody able to make it through that kind of struggle and keep going with optimism is pretty inspirational.
Fr
Thanks for keeping it real and not sugarcoating it. Just ordered a few money making machines and got some possible locations and I asked around a lot. I hope I can make progress with it
How did it go?
Yeah We need to know!
Updates on the machines?
How’s it going
There's nothing better than honest information. It saves people years of their life.
REYES IS SO TRANSPARENT AND GIVING OUT SO KUCH VALUE MUCH LOVE FROM MALAYSIA 🇲🇾 THANK YOU BROTHER REYES
Well that's your decision man. I'm not going to stop growing my business until I make bank. There are pros and cons to any venture, but there is money there if you try hard. Well I wish you luck on future ventures.
🙏🏾
Respect bro
respect
Amen
I've been watching you for almost 2 years now and you always have the same energy and good vibes. Keep it up brother
Vending machine business is competitive. You have to be at the top of your game. Their is a lot of money to be made but you have to go big or go home.
I used to work at this local auto shop and there was this candy machine that the workers would flip the machine over and shake it until candy fell out of it. I felt bad for the guy because he wasn’t making any money out of it. I hoped he moved it away from there. Just gets to show what people would do to your machine when your are not there and also why I’m skeptical about running a vending machine business.
I know someone who bolted it to the wall with to by four
That's actually not possible to tip it over and get candy that way, because of the way it's designed, (trust me I have one). There's only 2 ways to get candy from the turnstile machines, through the base that has a failsafe that won't open unless money is inserted which allows the crank to turn and drop a small amount of candy. The other way is to have the key to open the top lid where you fill it. Of course the third way is to smash it with a hammer. But it's literally impossible to get candy by turning it upside down. The best you would get is candy dust or crumbs if even that because again, the internal mechanism is completely closed unless money is inserted. It's literally impossible.
Do you think they'd engineer something complicated enough to recognize you put enough quarters in to free the crank spring to allow you to turn it and allow just a small amount of candy, and yet not think about how to keep someone from flipping it over and stealing candy?
Come on man, I call b.s.
The best way of running the machine is to refurbish and sell them
@@deefuze1151 it's ez..you just rock it back n forth..
@@deefuze1151 That does not stop the 13% from trying however..
I have 20 grand to start a snack/beverage vending machine business. I know you have to be in it for the long run before you start turning in profits. You need to have good high traffic locations with more than 100 employees in them. I know you need a lot of vending machines out there too. (34-68 machines) You need to invest in the newer updated vending machines too. It helps out a lot with inventory and sales. I know you need a Van, heavy duty moving equipment and a trailer. Also, you’ll need a storage garage. I know the machines break down sometimes and you need training to fix it or you pay a technician to fix it for you. I’m not being mean but the cons you mentioned are expected. I feel like you gave up too easily. There are others out there who pushed through the 3-6 year grind and they are seeing the profits now. Just like any business: You do not pay yourself until you have grown your business to a good size and paid your debts off.
How’s it going?
@@jakesmith-bs4jd Only a philosophy.
Universal Business rules, doesn’t matter what the business is. It applies to all 1)- You Need a business model. (More than buy this put it here and start collecting. That’s a severe over simplification of a business model. It must be; Well designed and thought out to every degree, making it bullet proof as possible... 2)- Need to accurately calculate your ROI, P&L, Margins, Operating costs, Cost of goods sold, Inventory, and Products.... 3)- Need to do a lot of homework, gather data, you can’t wing it... 3)- Know your competitors and formulate a plan to beat them 4)- Any business has start up and investment costs that take time to recoup, patience, planning, and fortitude... 5)- Have a plan; 6 month, 1 year, 5 year, 10 year, if the tides change or anomalies appear have solutions to be able to roll with the punches (what if’s , plan B, C, etc.)... 6)- Be different than all the others, have a “hook” , that makes you more attractive than others, and peak interests of the “No” people.... 7) Last but not least, you must recognize that you’re in the Service Industry. You must sale yourself before you can hope to get a foot in any door. Nothing comes easy, nothing comes cheap, and your biggest asset along with your biggest limitation is yourself. No regrets, at least you gave it a shot which is way more than most can say.
I feel like you need to have a couple of homerun locations, like schools or big companies. Places where you make a lot of easy money. Then I'd do all the smaller locations ( not a homerun hit but more of a single or double). If you have several profitable locations, you can hire someone part time to service the route. Not worth hiring people if you are making 20-30 bucks a month on a location. A Business is a formula, that you can remove yourself, plug in an employee to run it, and be successful and profitable.
Yessirr💯🔥🍞
You have to have to be generating atleast $100,000 in revenue to justify paying somebody to run your route for you, especially at 20-30$ per hour lol Then you have to go through the hiring process and keep close eyes on them. Not to mention the insurances you would have to provide. Definitely not "a few profitable locations"
You'll have to put wifi on your machines to check $$$ and inventory if you're gonna have someone go pick up cash for you. If you don't know the dollar amount they're supposed to be getting out of a machine and how much product goes back in, how will you know they're not stealing from you?
Like many we found Reyes because of the vending machines. Here is to many more hustles!
Appreciate you for understanding my decisions ❤️
I just bought a old chip and candy bar machine from this dude who owns a laundromat. His machine was always empty because he was sick of dealing with it. Nice dude and he's letting me keep it there.
😭😭
****second
I know right...
Hi jaime love you man
Oh man Jamie
Yeah bro! I miss watching Reyes' vending videos!
He quit cuz he was eating most of the supplies
A smart thing you could have done was buy the pallet mover thing for 300$-1000$ then after your done using it rent it out to people for a day at a low price so it sounds like a good deal to them so they won’t have to buy one and just continue to rent it out
I’ve been thinking of trying this. Thanks for providing your summary on your experience!
I'm just starting.I sold an old car and I bought 2 new refurbished soda machines with all the updated payment methods. Just waiting on placement....I traded the cost of buying a 3rd machine and used it to hire high-end placement service. Wish me luck.
Bro you bought em used without having locations first that's the issue. Thanks for the VALUE! Appreciate your content.
A hair salon? An auto store? It's no mystery why he made so little with the gumball machines. Seek out high-traffic locations that children frequently visit.
“Pass down on your kids so they can hate life” 😂😂😂BRUH I CANT WITH YOU
I think another good place would be Tire and Oil shops where people will be waiting for their cars or car dealerships as well
50 seconds into the video, and I automatically liked and subscribed. His energy is just dope.
You’re not married to the location move the machines.
I agree, I was trying to get into the vending machine business, and I started cold calling only good locations, Corporate buildings, warehouses, hotels, etc.... and the first day i called 10 places and most were rude to me and wouldn't even let me speak to a manager. If you are a good sales person you may have better luck, but its not an easy thing talking to these people on the phone (they treat you like a telemarketing call). I may try another 10 cold calls or maybe some advertising on social media, but I am starting to see the hassle of even getting 1 good location.
Try business to business sales. That's how I got my first yes. I bought a vending brochure for $30 from a lady on TH-cam and business cards for $12. Makes you look professional
@@hollyo.7651 who u bought them from?
@@Heyethann Letsjazzitup. She's on TH-cam
😭😭😭😭😭 yo real career is definitely comedy bro I’m subscribing
“...Bag of chip got stuck, it’s breaking up marriages “ 😂😂😂
... gaining weight from all the products I ate!
🤣 🤣🤣💯
Gotta secure the location before you buy the machine
Sorry, can someone please summarize the video for me? Why exactly did he stop the vending machine business?
Because he finally broke even after years
Great video Reyes! I'm just getting started in the vending machine business, I traded a bag of Doritos for a snack machine so I have nothing to lose. Hopefully it goes well
Wait what, a bag of doritos for a snack machine? How?
Nope, you have to tell that story😮
How'd it go? Lol
We appreciate you Reyes. 😎⭐👍
“Passive Income” has become the new hot topic. There’s no such thing as passive income unless you’re collecting dividends from stocks. Other than that, you’re gonna work, but you’re gonna do it on your time.
Thanks for the shout brother. Everybody hit that thumbs up button for the homie Reyes!
Aye what's up chrome
@@Kai-rs9po
Everything is Fantastic! How are you?
@@ChromeVending tryin to start a vending machine buissness in a few months by age 14 as another side hustle to invest more in the stock market
@@Kai-rs9po
That's awesome to hear. As long as you take the time to educate yourself financially you will be unstoppable with such an early start.
@@ChromeVending Exactly, self education is key
Thats why u give them a 20% cut. Build up over the years and you have 3000 machines
You needed the machines that has the laser eye. It gives the money back or let them choose a different selection.
Ur vending machine vid is the one that brought me to ur channel 2 yrs ago
Me too
tarick Persaud me three
Dude Reyes is so underrated dude is so funny 😂😂😂😂
Been binge watching your videos man you make me laugh too much😂😂
Jared The Savage
Same here!!! Lol
I’m located in California as well, did you need any permits to start your candy business?
“It’s a good business, that maybe one day you could pass onto your kids, so they could hate life”
Understood, subscribed
Lol
😂😂😂
Great memories!!!! I remember watching those vending videos I almost thought about trying it 😂😂 then I thought about my area and was like nah I’d also be wasting the gas
Thanks for sharing the pros and cons of the business. I'm wanting to get into vending machines and give them a try 🤷♂️, we'll see how it goes when I do
Howd it go?
@@imasuburbandude299 haven't done it yet. Got to busy with lawn care and landscaping business haven't had time to think about anything else lol
@@JonsDailyHustle completely understand lol😂
This video was super funny and informative! Great work :)
I really love the gumball machine video
Two years back I see your video and love them
Dude you crack me up.. thanks for making this video entertaining with your expressions.
Your an awesome person bro, keep up the energy, love it 💛👌
Hey dont feel bad about quiting , I am about to quit my Amazon wholesale business despite making 800k in sales my 2nd year....WHY? Because Amazon sucks! Their seller support is very shalow, if you have bigger problem than easy there is no help. I had many listings restricted after being approved and just shipped product. I had 30k of shipment which was comfirmed to be delivered to Amazon warehouses by the trucking company, LOST!!! I had my account deactivated by "ERROER" on Amazon side , which they appologized for but , not without me paying 'rescue' company 3k to write to Amazon managers which nobody else has emails for. And thats just few of many many issues I faced in 4 years!!!
The saga has finally ended R.I.P vending machines
This guy, the saga has ended lol hilarious
1:20 for a South Park moment
"Oh, I'm sorry! I thought this was America!"
thanks for being transparent
You seem hella genuine. Wish you success in your endeavors
sounds like you just had horrible locations and made silly choices on machines without checking them fully
10:21 "with your wewitos" 😂😂💀 keep up the great work Reyes!! Love your videos man!
I sold my vending machines after 8 years. It was fun while it lasted and I made good money, but it was time to move on.
Why ?
What did you move on to?
He is right, I work for vending company. It's a lot people don't consider when getting into vending machines. The biggest is location. Also the more machines you got. Then you just created a job. Nothing passive about that
Great lessons that the scammy Vendor "program" sellers never want to tell you.
You just killed my vending machine dreams. Great video reyes
A substainable Vending Business takes years; its a marathon, not a sprint. Most don't realize that and going too fast too big in.
At least I liked your candy-machine-part the most. The big ones come too early. You had to work longer with the smaller ones and build up step by step.
How knows, maybe you come back to Vending; at least you know now how this works.^^
That's what I was thinking.
That’s nice of you to give them for free to the little ones start their own lil business
"Land of the Free.99"
love it!
That’s socialist
Black Tube - Australia is the land of the free, totally & Covid free as well
We don't have riots, we all help each other, God bless Australia 🇦🇺🇦🇺🇦🇺🙏🌏🙂
Remember when Reyes got into the jump house business ?! Good times good times!
Always shoulder straps they are less then 700 lbs. you use your body to left it. Easy to do
Maybe you should of rented a small retail space and put all your vending machines in one place that has high traffic
Thats really smart.. Id put any money behind ur brain
just sharing some experience for VM business
1. location (traffic) i only put my VM at university ,college student, factory (at least 1000 people n above)
2. Survey- i prepared at least 100-200 survey form to ask them (student or workers) what they want so product will selling fast
3. payment system- cashless only(less headache)
4.route - dont just buy route, me personally will try my best to get from building/business owner directly. make sure your route not far away from each VM
5.ads- you can put ads for small business on product (canned drink) i used this ads at least to pay rent for my VM
and last, this is not passive income. it a good business with less employee and very easy to handle😄
how do you get these machines in there when its already being taken up by competition??
Reyes, you will always succeed because you hustle. Can’t keep a good man down!
Love your honesty and simplicity Reyes! Keep it up!
You are really funny bro. Very nice how you talk openly about your attempts, success and not getting the full results you were aiming for. You are blessed.
Vending machines are going to have Bitcoin one day
They already have them. A couple years ago I seen one in a 7-11 and thought it was pretty cool.
I love your videos!!
You crack me up ! I love your HONESTY ! Thank you !
This man is the best story teller best channel ever 🙌 bro thanks such great content
Someone in my town is selling an entire route with 55 machines...54 of which are already set up in locations. Included are 2 vehicles, a bunch of existing inventory, and a bunch of parts for basic repairs of the machines.
They want $75,000 for it...but I really can't help but wonder if they're selling the business because it's just not worth all the hassle.
Its not. coming from someone in the industry, those 54 vending machines if they're drink machines would cost 80-110k themselves. plus that business probably makes around 20k to 30k a month. So that business has an asset capitalization of around 150k. A business that has an asset valuation of 150k would likely "market" for an asking of somewhere around 250k to 300k (maybe 400k if the route is well set up). That deal doesn't make sense.
Talk em down to 35k lol
Bro I love this guy😂🙌🏾
Just found you man great video!!
New sub for sure😎
I aint gonna lie tho, wasn't for you i wouldn't know about the atm machine business and candy's machine business when i watched you 7 months ago. Thanks man.
Yooo... as a fellow vending machine route owner who is trying to sell out...I can't give this vid enough thumbs up!!! I can relate to EVERYTHING you're saying and you're speaking nothing but TRUTH!! Thanks for all the great tips and knowledge and documenting your journey. Much success to you. Btw, you know anyone who wants a route on the east coast?! HAHAHA!
Where in the east coast?
@@Hottest-in-da-Hood Virginia
Where in VA? Still available?
@@davidsvir9756 yes sir - Stafford, Fredericksburg, Quantico, and Orange VA
@@hammondb32 Unfortunately, I live too far away from those areas.
Love your videos bro learn a lot 💯
I see it this way I get paid $10-15 dollars at the lowest for less then an hour of work. Takes me 10-15 minutes to fill and collect Candy from the machine. I only however buy new ones seeing the coin mech gets sticky on the older ones.
How's your candy machine hustle going?
Reyes did you sell your machines? I’ll buy them, plus pay for the freight
Do a video with Jamie Ibanez on how much he makes with his vending machine business!! Will be so cool to see another side to it
You give away all machines?
gran corazon hermano.
Your from Fresno?
Why don't you get into the entertainment business, I find you hilarious. Your vids really cheer me up after a hard day's slog at work.
What do you tell the owners when they ask how they benefit from it? Do you share the profits with them?
You form a business agreement, give them a portion of the profits as rent
Or work with a charity and tell them a portion is donated to the charity and ask businesses if they have a foot or two they could donate for a charitable machine.
America is all about the Hustle!! Anyone can do it here! Just need the motivation and a goal!!
Wow! Your video is a real eye opener! Thanks for the invaluable info bro!!!!!
When u place a vending machine did u create our own contract and how much does the business get per month for you placing your machine. Thank you.
Interesting stuff. People really do not understand how hard it is to run a business. When you first think vending machines it sounds easy but like any business there are a million things to do. Moving huge heavy machines is dangerous and after a while you would be playing the odds for sure. Plus in the COVID age I doubt vending machines are thriving. Thanks for sharing your journey with this business man.. been watching for a while and wondered what happened with your vending machine business.
So basically all the cons is normal work?