I love how this relates to startups. Other videos of people collecting $1k+ per week can be a bummer, but this was inspiring. I’m a small vendor with only 9 bulk locations and my collections are $100 or less per month so far, but I’m confident that it will grow big enough to live comfortably on.
If you are losing sales, see if you can add a coloured sign behind the machines. A simple coloured sign with GUMBALLS 25c & an Arrow - costs zilch, never needs batteries & for $2 has potential for more sales.
I still run skittles at pretty much every location. Keep it up! I would love to do youtube and i may one day but my route is time consuming enough as it is right now. I only have bulk machines and have almost 170 locations. Still looking to grow to more the better honestly. Great videos though you are doing great.
170 locations!! Wow that is alot! I would love to have that many locations. You should definitely consider youtube, if its something you are interested in. Its alot of fun, but also alot of work. But im sure you have a lot of knowledge to share!
I am actually fairly new at it i bought an existing route from someone. Im trying to grow it and fix it from the previous owner. I may do youtube one day I would love to do it for work and quit my full time job now 🤘
one question how are you making profits if it sells for almost the same as if you are buying your own candy off the store? unless you are getting cheap deals
My Skittles sales almost halted as well, the day they made that statement was the day I collected for the month before. I made $7.75, I went again this week for a 3 week collection and only made $0.50. However, I have a coin shooter with Skittles that is doing quite well, I guess because of the prize that the patrons are promised if they win.
For your car wash locations, what kind of car washes are they? All the car washes in my town are the drive through ones where you never leave your car or the ones that are like a brick canopy where you hand wash it yourself but the entire building is an outside only kind of thing. Can’t imagine either of those would be good for a gumball machine
Awesome collection and video as always! I really want to try to at least get to 1 video every 2 weeks if not every week to have some consistency. I recorded 4 locations today and am considering putting the 3 I'm doing tomorrow in the same video. You think I should do that or make 2 separate videos to have more uploads? Also, I saw a rogue coin detector in that JC Penny machine, make sure you have all the coin detectors in that mech!
Ive actually considered splitting up my video into several individual ones, instead of 1 long one. Just to give more content. But i like the apeal of one long video, i think its unique and idk anyone else doing it . If youre wanting to do more consistent uploads, i think you should consider splitting them up. It will give you more content, and help you upload more consistent. Also good eye on the coin detector! I forgot to mention it in the video, but i did notice it and i fixed it on location! Thanks for looking out :)
Hey good Job with footage you can go to sam club and switch out with Mike and ike I had to due to skittles it is cheaper then skittles since they raised the price also candymachines had 5lbs for 14 I order 20lbs your still doing alright keep up the good filming we are rooting for ya
I am going to be a new entrepreneur selling gum balls can you give me on when you Service your machines and when you switch out the gumballs the new ones and any other tips you could give me
Maybe i can make a video on this and give you a more i. Depth answer. But to start id check your machines once a month. Unless they are super busy locations, you can get away with once a month and even once every 2 months. You just have to see how it does. Also consider starting out at .50 cent vends. Inflation is going up and many vendors are raising prices. Regular dubble bubble gumballs are getting harder to find and whe. You do they can be a little more expensive than they were. Considering using nerds gumballs from candymachines.com
I have a question, Ok so im doing the math on m&m peanuts, and if my math is correct it seems like m&m peanuts are not profitable at all unless you completely cutback a huge amount from the customer for example 7 m&m peanuts is about 18g. So, 61 oz of m&m peanuts cost 18.99, 610z =1757g/18g= 97 vends per 61oz bag. so 97*0.25=$24.25 total revenue. 24.25-18.99= 5.26 gross profit so how is this profitable? I'm asking because I want to know if you have a different equation or if I'm doing something wrong? are you giving them the people less than 7 m&m peanut (18g) ? I'm asking because I don't want to put myself out of business, please respond, I want to make sure I'm fair with the people buying from my machine but also making a good profit
First thing i would say is dont vend at .25 cents. I know my videos i still have almost all mine at .25, but i eventually want to switch to .50, ive been wanting to for a while but just havent done so. I always recommend new people to start at .50 cents a vend. Inflation is cutting into profits and theres no sign of it going back the way it was. Also, vendors were charging .25 cents decades ago, theres no reason we should still be charging. 25 cents. Times have changed and candy is more expensive. So start vending. 50 cents if you can. Second, if you have 61 0z of candy, i would recommend each vend give out half an oz of candy. Get a scale if you need to and find out how much you need to vend. So essentially 61 oz, vending at half an ounces, would give you 122 vends.. 122 vends x .50 cents a vend = $61 ....and even if you were vending at .25 cents, 122 vends x .25cents = $30.5... so still profitable. The key is how much youre candy youre giving per vend. Buy a scale, and find that sweet spot of being fair, and still being profitable.
@@cosmicvending thank you for responding, I appreciate it bro. So here is my other question, was my equation correct? For example, if I vend out the 6 m&m it would be 14g, and on a 61oz bag that gets me a 123 vends. 123*0.25= 30.87 (total revenue), cost of m&m =18.99 so 30.87-18.99= 11.88 (gross profit), from here I get a little mixed up so is the gross profit what i get to keep, if so why do people bring up net profit? Also based off of my numbers above is my gross profit margin 38%?
All my art is purchased over seas from Haiti 🇭🇹 Jamaica 🇯🇲 Dominican Republic 🇩🇴 St. Lucia 🇱🇨and Puerto Rico 🇵🇷. All 100 % AUTHENTIC. NO ONE HAS WHAT I SELL NO ONE 🤝🏾👍🏾
yes I like these bulk videos. I thought I subbed you but I guess not. Keep up the hustle and I hope the mens wearhouse gumball machine doesnt take a huge hit. I don't like that new location. yes i subbed.
Thanks i really appreciate it! We will see how it does next collection. Its not in a horrible spot. Its next to a register or desk of some sort, so there should still be some traffic. But i like the door better because no matter what , everyone is passing by it at least twice lol so we will see. Even if it takes a hit, its better than losing the location completely
Maybe i will adress this in a video because its more than i can type. But i would recommend researching what you need to do legally for your state/city first. Then go from there. Check out my video called "how to start a vending business on a budget " . Should be informative as well for you
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I love how this relates to startups. Other videos of people collecting $1k+ per week can be a bummer, but this was inspiring.
I’m a small vendor with only 9 bulk locations and my collections are $100 or less per month so far, but I’m confident that it will grow big enough to live comfortably on.
Everyone has to start somewhere! Just keep working hard and getting locations, youll do just fine 🙂
how is it now
If you are losing sales, see if you can add a coloured sign behind the machines. A simple coloured sign with GUMBALLS 25c & an Arrow - costs zilch, never needs batteries & for $2 has potential for more sales.
Looks like a good business to get in to
Thanks for the video.
How do you prevent them from getting stolen?
Im posting my vending i just came across your channel
Great POV. Great video. Loved the info dude !
I appreciate it! Thanks for watching and commenting:)
I still run skittles at pretty much every location. Keep it up! I would love to do youtube and i may one day but my route is time consuming enough as it is right now. I only have bulk machines and have almost 170 locations. Still looking to grow to more the better honestly. Great videos though you are doing great.
170 locations!! Wow that is alot! I would love to have that many locations. You should definitely consider youtube, if its something you are interested in. Its alot of fun, but also alot of work. But im sure you have a lot of knowledge to share!
I am actually fairly new at it i bought an existing route from someone. Im trying to grow it and fix it from the previous owner. I may do youtube one day I would love to do it for work and quit my full time job now 🤘
@@justinthacker9557 its alot of work, bit its very gratifying to kmow that you can help others and inspire them to do the same!
one question how are you making profits if it sells for almost the same as if you are buying your own candy off the store? unless you are getting cheap deals
Awesome man, thanks for the longer videos!
Glad you enjoy it! Was worried its too long
My Skittles sales almost halted as well, the day they made that statement was the day I collected for the month before. I made $7.75, I went again this week for a 3 week collection and only made $0.50. However, I have a coin shooter with Skittles that is doing quite well, I guess because of the prize that the patrons are promised if they win.
Wow that is crazy! I hope it picks up again
I like all the content you provide my Skittles sales have been okay due to the other candy I offer great collection
Glad you enjoy the channel! Ya im going to keep doing skittles for now. We will see what happens in the future though
.. i'd change out the Skittles, just Because..💯💰
Nice video! Now I'm going to have to compete on bulk collection lol
You twice the locations i do lol you would have some great videos!
It would take forever lol probably get bored lol
U still do the gumball machines
Are u still doing vending
Yes. Just haven't been posting
@@cosmicvending oh ok when u dropping new video ?? I just secured another location today
For your car wash locations, what kind of car washes are they? All the car washes in my town are the drive through ones where you never leave your car or the ones that are like a brick canopy where you hand wash it yourself but the entire building is an outside only kind of thing. Can’t imagine either of those would be good for a gumball machine
These are ones where you get out and wait in a lobby. Thats why mine are doing so well
@@cosmicvending I figured that’s what they were. You have 4 in one town? There’s none of those left around me
Do u still do the gumball machines
Awesome collection and video as always! I really want to try to at least get to 1 video every 2 weeks if not every week to have some consistency. I recorded 4 locations today and am considering putting the 3 I'm doing tomorrow in the same video. You think I should do that or make 2 separate videos to have more uploads? Also, I saw a rogue coin detector in that JC Penny machine, make sure you have all the coin detectors in that mech!
Ive actually considered splitting up my video into several individual ones, instead of 1 long one. Just to give more content. But i like the apeal of one long video, i think its unique and idk anyone else doing it .
If youre wanting to do more consistent uploads, i think you should consider splitting them up. It will give you more content, and help you upload more consistent.
Also good eye on the coin detector! I forgot to mention it in the video, but i did notice it and i fixed it on location! Thanks for looking out :)
@@cosmicvending thanks for the advice, I’ll probably end up making it 2 separate videos.
Where you buy all your candys?
Can you make a living just doing gum all machines? What do you think about the triple shot machines?
Is it possible? Sure. But you'd need a TON of machines. Triple heads are great but at least 1 column should be gumballs.
How do u prevent theft
How much did you make in this route? I might have missed it.
Is it worth doing this business how much on average do u make per month I thought of doing snack machine
Hey good Job with footage you can go to sam club and switch out with Mike and ike I had to due to skittles it is cheaper then skittles since they raised the price also candymachines had 5lbs for 14 I order 20lbs your still doing alright keep up the good filming we are rooting for ya
Thank you so much! Appreciate the support. Ill definitely consider mike and ikes
@@cosmicvending I hated to switch as much as you do but as soon as I did I saw drastic increase
Do you have to pay taxes on vending money if so how
Is there a website I can purchase locations from people ?
I dont recommend it.
You might have to put 50cent mec at the last car wash.. you will double revenue 🙏🏽
Im planning it. I just started testing out the nerds at. 50 cent. But i think it's time to upgrade all mechs tbh
@@cosmicvending 💯.. I'm about to buy 2 .50 mecs for a barbecue spot
@@gjackson9590 i have 2 extras. I think im going to upgrade my carwash locations. Might even make them all nerds
Have your skittles sales increased again?
They are steady. Im about to collect in about a week sowe will see how they do. Itll be a 2 month collection video😁
I am going to be a new entrepreneur selling gum balls can you give me on when you Service your machines and when you switch out the gumballs the new ones and any other tips you could give me
Maybe i can make a video on this and give you a more i. Depth answer. But to start id check your machines once a month. Unless they are super busy locations, you can get away with once a month and even once every 2 months. You just have to see how it does. Also consider starting out at .50 cent vends. Inflation is going up and many vendors are raising prices. Regular dubble bubble gumballs are getting harder to find and whe. You do they can be a little more expensive than they were. Considering using nerds gumballs from candymachines.com
Where do you get your inventory from?
My candy is from sams, and most my gumballs are from sams too. Specialty gumbals from candymachines.com
I have a question, Ok so im doing the math on m&m peanuts, and if my math is correct it seems like m&m peanuts are not profitable at all unless you completely cutback a huge amount from the customer for example 7 m&m peanuts is about 18g. So, 61 oz of m&m peanuts cost 18.99, 610z =1757g/18g= 97 vends per 61oz bag. so 97*0.25=$24.25 total revenue. 24.25-18.99= 5.26 gross profit so how is this profitable? I'm asking because I want to know if you have a different equation or if I'm doing something wrong? are you giving them the people less than 7 m&m peanut (18g) ? I'm asking because I don't want to put myself out of business, please respond, I want to make sure I'm fair with the people buying from my machine but also making a good profit
First thing i would say is dont vend at .25 cents. I know my videos i still have almost all mine at .25, but i eventually want to switch to .50, ive been wanting to for a while but just havent done so. I always recommend new people to start at .50 cents a vend. Inflation is cutting into profits and theres no sign of it going back the way it was. Also, vendors were charging .25 cents decades ago, theres no reason we should still be charging. 25 cents. Times have changed and candy is more expensive. So start vending. 50 cents if you can.
Second, if you have 61 0z of candy, i would recommend each vend give out half an oz of candy. Get a scale if you need to and find out how much you need to vend. So essentially 61 oz, vending at half an ounces, would give you 122 vends.. 122 vends x .50 cents a vend = $61 ....and even if you were vending at .25 cents, 122 vends x .25cents = $30.5... so still profitable. The key is how much youre candy youre giving per vend. Buy a scale, and find that sweet spot of being fair, and still being profitable.
@@cosmicvending thank you for responding, I appreciate it bro. So here is my other question, was my equation correct? For example, if I vend out the 6 m&m it would be 14g, and on a 61oz bag that gets me a 123 vends. 123*0.25= 30.87 (total revenue), cost of m&m =18.99 so 30.87-18.99= 11.88 (gross profit), from here I get a little mixed up so is the gross profit what i get to keep, if so why do people bring up net profit? Also based off of my numbers above is my gross profit margin 38%?
The amounts seem very low for a whole month how long did it take to make back the price of your machine?
Not every bulk location will make you a bunch of money. On average i make about $10-15 a month per machine
@@cosmicvending is that before or after your buy a refill of the candy?
@@YolkBomb that is what the machine grossed
All my art is purchased over seas from Haiti 🇭🇹 Jamaica 🇯🇲 Dominican Republic 🇩🇴 St. Lucia 🇱🇨and Puerto Rico 🇵🇷. All 100 % AUTHENTIC. NO ONE HAS WHAT I SELL NO ONE 🤝🏾👍🏾
yes I like these bulk videos. I thought I subbed you but I guess not. Keep up the hustle and I hope the mens wearhouse gumball machine doesnt take a huge hit. I don't like that new location.
yes i subbed.
Thanks i really appreciate it! We will see how it does next collection. Its not in a horrible spot. Its next to a register or desk of some sort, so there should still be some traffic. But i like the door better because no matter what , everyone is passing by it at least twice lol so we will see. Even if it takes a hit, its better than losing the location completely
Hello how can I get into the business
Maybe i will adress this in a video because its more than i can type. But i would recommend researching what you need to do legally for your state/city first. Then go from there.
Check out my video called "how to start a vending business on a budget " . Should be informative as well for you
@@cosmicvending I'm from Florida
@@johnmadden5536 you will have to research your own local laws
The reason people stop buying skittles is because they replaced the green apple flavor with lime. 🤮
The full video the entire process