I work as a regional operations manager for a 100 million dollar vending machine company. My biggest advice is organization is key for scaling. Develop a system.
The problem is people expect only one source of income to get them “rich quick”. Please always encourage having MULTIPLE streams of income. Again, no one gets rich overnight (unless they’re born/married into it). But it won’t take decades to get to that point either.
This is the same statement I have told others. I have realized this with my experience in making a lot of money it takes a teamwork of multiple incomes. You are more likely to make a lot more money if you combine multiple incomes.
I agree with yours opinion, i have 7 unit Vending very hard to start this business, but i like because this business its easy operat, and same time we have jackpot lot of money from this machine... Thanks bro for your content.
This is the best advice I have heard from any of the vending guys! They just say get the spot get the vending machine and get the card reader and go! 😂😂😂😂 I am looking to get into this space! I have the money to get a couple or machines but i am studying before I pull the trigger! Thanks for this info young blood 🦾🦾🦾🦾✌🏿✌🏿✌🏿👌🏿👌🏿
Not always my friend. That’s actually the fundamental part of searching good location with the appropriate traffic/cost/operational complexity relationship. Even if you pay for a location know your numbers first so that you can better negotiate those locations according to your own cost structure and system.
That’s the correct approach actually. You can start with coffee machines, candy machines or toys machines (cheaper) and then when you try how the system works, the leg work and your own negotiation skills and good locations searching skills decide if this is for you or not
I agree with you, it takes a long time to build this business. This type of business deals with a lot of planning and a lot of let downs. You just got to stay on your toes and keep planning ahead. The key is to have a solid plan and routine for building up this business for 3-7 years and stick with it. I currently have 10 grand in my savings but I want to have 20 grand. I also want to apply for a matching business startup grant. So I can start with 40 grand, 10 machines, 5 locations, hopefully. I would take it easy the first three years, then I would launch phase two to grow even bigger. Oh yeah, it’s also best to set an allowance for yourself. Just pay for your expenses but do not have fun with your money yet. Put that money back into the business to make it even bigger. At least until you have reached a goal.
@@giantsfan8872It all comes down to the locations and how good they do. Also if it’s not a good location you have to pack up and leave to the next location. It also depends on your planning and how well organized you are. You have to stay on top of it and pay attention to your sales and your planned goals. It’s not going to make you rich overnight but it has the potential to bring in some good income if you do it right.
Why do you need 10 or even 40 grand to start vending machines, it costs around 30-70 depending on the machine you want to lease per week… stock of items is cheap when buying bottles of water or snacks in bulk, all you have to do is restock the machines weekly or every few days. I think you’re not looking at things from the right angle and you will end up spending a lot of money on nothing. Doing business is not how everyone says it is, the problem is that everybody starts things differently, some people will by outright and spend a whole bunch of capital but not realise there is ways to not use your money upfront.
@@courtneyellis7988 I want my own moving equipment and my own storage garage. I don’t want to rent anything. I’m looking at machines that are $2500 with card readers already installed. I want to be able to setup 1-2 locations every month until depth is paid off in about six years. Then finally start pulling profit and make things full time after six years, so I can leave my current job. That’s my plan. I don’t want to struggle in the beginning with surprise expenses.
Honestly don’t start unless you have the money to throw away, it’s a hassle getting locations plus finding good machines at a reasonable price. Think of it as a hobby not a business unless you blow up like him.
I want to start in this as a side hustle for some extra money for my motorcycle hobby lol that’s about it tbh, so I think I’ll go for 1-3 maybe 5 machines at most (I also have a sams club and a costo executive membership so resupplying won’t be so hard)
Do you have to have a license to start because I’m wanting to start and buy my first vending machine but don’t you have to put some of the money to the owner where your machine is because of electricity ?
I've been dying to have vending machine but idk where to and how to start. Also bcos its better for me to have this kind of business than having a physical store😢 Im still tryna seek here in my country. But all i see is from china the qouta of shippingnit would be off my limit😅
The most difficult thing to do in Hawaii is find great locations to put the vending machines. I got lucky and was able to place a machines at UHH. I also got a few shopping centers
I don’t know that much but you should have a job to pass the time for vending machines since you can just refill them like over the weekend depending on how much vending machines you have I heard some people do it for two hour to refill the vending machines since he have multiple vending machines
Do you know vending machines apparently have facial recognition software?? Look up Waterloo University and the manufacturer that thinks it's ok because it's "local".
I've watched this guy for a long time and he's pretty coring everything and he's being real about it and what not, but I think he needs to be more positive about the way he talks to people because I have a couple of buddies that want to start the business and I'm not saying they're going to quit their job but it's something good that they want to start but I wish that this guy would be more positive about it. He's being honest which I respect and I love about him but I'm not sure
I dont undersrand why people say domt expext to make alot of money first dont quit your day job and stuff…it ALL depends how much money you got to buy the machines…im pretty sure if you can buy 5-10 machines at first you can probably quit your job
@@giantsfan8872 the average profit a vending machine makes a month is 300 bucks. Vending machines new are about $4000 after taxes. With 20k you’re expected to make around $1500 a month which isn’t bad at all for an investment
Id like to know where you get your machines. With the turnaround of how expensive your machines are it doesn’t seem like you’d have enough coming in to keep scaling. I am obviously missing something but interested to understand
You have a good point, I only buy expensive and nice machines for locations I know will have a faster ROI. But I do buy a lot of refurbished machines which saves me a lot of money!
@@jaimeibanezzMatthew 11:28 come to me all who are weary and burdened, and I will give you rest. As well as Romans 6:23 for the wages of sin is death but the gift of God (Jesus who died on the cross for our sins) is eternal life. As long as you put your faith and trust in Him.
I make 10k a month (profit) with my auto glass business. I want to make an extra 3 to 5k a month I’m thinking of investing in like maybe 10 vending machines , but I’m not sure if 10 can reach the numbers I’m trying to make . I’m In Los Angeles . Does anyone here have 10 vending or more vending machines . If so what’s the profit margin. thanks
Es una tontería si la gente piensa lo que tú has dicho “poner varias vending machine y dejar tu trabajo a la siguiente semana” la realidad es que para poder vivir de eso depende de tus deudas y estilo de vida, por ejemplo yo, para poder vivir de este negocio y decirle adiós a mi trabajo necesito mínimo 20 máquinas que me generen mensualmente $350-$400 dólares cada una.
@@oxymarvin well make the math where I live the coke machine can 12oz it's sold at .55 cents u buy it rn there's a special 3 12 pack for 10 plus tax 10.83 u divide it by 36 cans it comes at .30 cents .25 cents profit but not everytome there's a special u can go to any store u pay aleast 6.95 plus tax it comes at 7.54 now ur not making a profit to it's not worth it bc of or area same thing with snacks or chips
@@luissanchez2261.55 cents per can? 😂😂😂 nowhere have I seen a can go under $1 so ur selling that product short... I would put it for $1.25... Here it comes out to about $11.05 with tax so 36 cans come out to rounded to 0.31 cents a pop so ur profit is ... $1.06 per can so that's about $33.95 in profits total... Anything 2x in ROI is profitable so idk what ur talking about 😂😂😂 but most people prefer bigger size 20oz bottle
@@xxkarlosxxxxxx7233 the machines that r at Walmart r .55 cents so ur not making a lot profit I'm try to go take a pic then I'll put it here on my profile
I will argue that people who beg for money on the side of walmart is probably making a load of cash, just think about it. One person give you a 10-20 dollar bill within a hour time frame and then there's a lot of people who give you 2-5$ within that hour. They can easily pull 50-100 in a hour
![Businesses that Always Fail? 7 Businesses with Shockingly High Failure Rates [Backed by Data]](http://i.ytimg.com/vi/WTDYuRVZDbo/mqdefault.jpg)
I work as a regional operations manager for a 100 million dollar vending machine company. My biggest advice is organization is key for scaling. Develop a system.
Excel spreadsheets 💀
@@lightless😹😹
I don’t even want an empire with it. I just want maybe 2 or 3 max that give me steady extra income. Then to eventually sell those or give them away.
Sounds like a good plan
My friend it is time for a new chair.
💀
😢
😂
Buy him one.
getting rid of something because it looks a little ugly is not conducive to generating wealth just sayin'
The problem is people expect only one source of income to get them “rich quick”. Please always encourage having MULTIPLE streams of income. Again, no one gets rich overnight (unless they’re born/married into it). But it won’t take decades to get to that point either.
This is the same statement I have told others. I have realized this with my experience in making a lot of money it takes a teamwork of multiple incomes. You are more likely to make a lot more money if you combine multiple incomes.
This actually applies to vending machines and anything else
I agree with yours opinion, i have 7 unit Vending very hard to start this business, but i like because this business its easy operat, and same time we have jackpot lot of money from this machine... Thanks bro for your content.
hey man i’m looking to start my own vending machine operation business and i dont know where to start. Any tips and advice for me?
I have a similar question..if i have about 20k to invest..is that good? Could i leave my day job
Where to buy quality vending machines?
@@porkchop3918 the first looking the best location for placement yours VM.
@@yasminbegamdavoodkhan2783 you can search many vendor to sell or rent VM nearby in your town.
This is the best advice I have heard from any of the vending guys! They just say get the spot get the vending machine and get the card reader and go! 😂😂😂😂 I am looking to get into this space! I have the money to get a couple or machines but i am studying before I pull the trigger! Thanks for this info young blood 🦾🦾🦾🦾✌🏿✌🏿✌🏿👌🏿👌🏿
Just remember you have to share the profits with the property owner where your machine is sitting. You cant just put the machine on the street.
Not always
Duh
Not if you bring it up
Not always my friend. That’s actually the fundamental part of searching good location with the appropriate traffic/cost/operational complexity relationship. Even if you pay for a location know your numbers first so that you can better negotiate those locations according to your own cost structure and system.
I don’t think there’s really any business that you can just get rich overnight.
Yes it's true
Drug dealer
Onlyfans
@@benjaminfranklin4760Legitimate Business
Corporate loopholes can get you rich overnight
I would start out on a SMALL scale first....Cause if I do have a soda vending machine why not start very low then work up
That’s the correct approach actually. You can start with coffee machines, candy machines or toys machines (cheaper) and then when you try how the system works, the leg work and your own negotiation skills and good locations searching skills decide if this is for you or not
I agree with you, it takes a long time to build this business. This type of business deals with a lot of planning and a lot of let downs. You just got to stay on your toes and keep planning ahead. The key is to have a solid plan and routine for building up this business for 3-7 years and stick with it. I currently have 10 grand in my savings but I want to have 20 grand. I also want to apply for a matching business startup grant. So I can start with 40 grand, 10 machines, 5 locations, hopefully. I would take it easy the first three years, then I would launch phase two to grow even bigger. Oh yeah, it’s also best to set an allowance for yourself. Just pay for your expenses but do not have fun with your money yet. Put that money back into the business to make it even bigger. At least until you have reached a goal.
Do you think someone with about 20k to spend could make a good living on vending machines?
@@giantsfan8872It all comes down to the locations and how good they do. Also if it’s not a good location you have to pack up and leave to the next location. It also depends on your planning and how well organized you are. You have to stay on top of it and pay attention to your sales and your planned goals. It’s not going to make you rich overnight but it has the potential to bring in some good income if you do it right.
Why do you need 10 or even 40 grand to start vending machines, it costs around 30-70 depending on the machine you want to lease per week… stock of items is cheap when buying bottles of water or snacks in bulk, all you have to do is restock the machines weekly or every few days. I think you’re not looking at things from the right angle and you will end up spending a lot of money on nothing. Doing business is not how everyone says it is, the problem is that everybody starts things differently, some people will by outright and spend a whole bunch of capital but not realise there is ways to not use your money upfront.
@@courtneyellis7988 I want my own moving equipment and my own storage garage. I don’t want to rent anything. I’m looking at machines that are $2500 with card readers already installed. I want to be able to setup 1-2 locations every month until depth is paid off in about six years. Then finally start pulling profit and make things full time after six years, so I can leave my current job. That’s my plan. I don’t want to struggle in the beginning with surprise expenses.
@@courtneyellis7988What about maintenance I don’t believe vending machines are that reliable depending on which ones you use
Honestly don’t start unless you have the money to throw away, it’s a hassle getting locations plus finding good machines at a reasonable price. Think of it as a hobby not a business unless you blow up like him.
Excellent advice!
I want to start in this as a side hustle for some extra money for my motorcycle hobby lol that’s about it tbh, so I think I’ll go for 1-3 maybe 5 machines at most (I also have a sams club and a costo executive membership so resupplying won’t be so hard)
I work with a vending company on a military base and we have made just on a aircraft carrier for two years 3.19 million.
How many vending machines do they have at the location ?
Nah I see it more as passive income. I’m not tryna get rich off it
Is this a new channel. I thought I was already subbed
Thanks for the insight
Thanks for ur explanation. U are right
Recently i stole somebody’s vending mahice planning to stole more in future and start my own business with them thanks for guiding
😂
Do you have to have a license to start because I’m wanting to start and buy my first vending machine but don’t you have to put some of the money to the owner where your machine is because of electricity ?
That's what I'm talking about.
Keep at it everyone.
My mans pretty much saying "Do start the business on my turf"
Thinking about it…. Have a prospect on a venue… will see
I like the part where he didn't answer the question
What question, though? This short is titled, "Don't start a vending machine if you want to become rich over night"
Are you talking about the question at the beginning? He said there are guys making 7 figures doing this, but it does not happen overnight.
Spot on🎉
I don’t think it would take that long
I've been dying to have vending machine but idk where to and how to start. Also bcos its better for me to have this kind of business than having a physical store😢
Im still tryna seek here in my country. But all i see is from china the qouta of shippingnit would be off my limit😅
The most difficult thing to do in Hawaii is find great locations to put the vending machines. I got lucky and was able to place a machines at UHH. I also got a few shopping centers
The thing is that you don’t need years of your life and you don’t need to make business out of it. It is only a side hustle
I don’t know that much but you should have a job to pass the time for vending machines since you can just refill them like over the weekend depending on how much vending machines you have I heard some people do it for two hour to refill the vending machines since he have multiple vending machines
Do you know vending machines apparently have facial recognition software?? Look up Waterloo University and the manufacturer that thinks it's ok because it's "local".
percencentag how much is the margin, means revenue minus ur costs, what remains in your pocket
How often do they get broken into and robbed
I've watched this guy for a long time and he's pretty coring everything and he's being real about it and what not, but I think he needs to be more positive about the way he talks to people because I have a couple of buddies that want to start the business and I'm not saying they're going to quit their job but it's something good that they want to start but I wish that this guy would be more positive about it. He's being honest which I respect and I love about him but I'm not sure
Nope don't want to get rich quick just some extra income will be nice!
Nobody gets rich over night unless you win the lo😮ttery and thay comes at a cost. Gotta put time in and work in to make it.
Overall its a business. Building a business takes time so enjoy those high and low profits
How many vending machines should you start out with and how do you get you machines in a place
Im still looking for the answers. Do you perhaps know now?
Start with one, learn the ins and outs of the business and the machines, then go from there.
I'm only interested in getting extra money so I don't know if I'd want to start an empire
I am not on Instagram but DEFINITELY am Willing to learn 😅😅😅😅
I dont undersrand why people say domt expext to make alot of money first dont quit your day job and stuff…it ALL depends how much money you got to buy the machines…im pretty sure if you can buy 5-10 machines at first you can probably quit your job
Do you have LLC for your vending machine?
Great info! I'm in the industry.
Where to put it tho??
Selling vending machines in Colorado let me know
Everyone is running down riches just to see if they can get fame from it. No1 does anything for it’s true purpose anymore. Instant gratification
where to buy vending machine?
If I wanted to Collab because I hav e new vending ideas would you work with me?
It’s like buying a part time job.
It doesn’t depend on the years. Depends on how much capital you have to invest into multiple machines.. the more the bettet
Thats exactly what i was thinking…for ex. I have about 20k to start..would that be enough to buy several maxhines and make it a full time job?
@@giantsfan8872 the average profit a vending machine makes a month is 300 bucks. Vending machines new are about $4000 after taxes. With 20k you’re expected to make around $1500 a month which isn’t bad at all for an investment
Id like to know where you get your machines. With the turnaround of how expensive your machines are it doesn’t seem like you’d have enough coming in to keep scaling. I am obviously missing something but interested to understand
You have a good point, I only buy expensive and nice machines for locations I know will have a faster ROI. But I do buy a lot of refurbished machines which saves me a lot of money!
@@jaimeibanezzMatthew 11:28 come to me all who are weary and burdened, and I will give you rest. As well as Romans 6:23 for the wages of sin is death but the gift of God (Jesus who died on the cross for our sins) is eternal life. As long as you put your faith and trust in Him.
👂🏼 Word up
PROFIT IS PROFIT
how do i start and how do i manage it
I make 10k a month (profit) with my auto glass business. I want to make an extra 3 to 5k a month I’m thinking of investing in like maybe 10 vending machines , but I’m not sure if 10 can reach the numbers I’m trying to make . I’m In Los Angeles . Does anyone here have 10 vending or more vending machines . If so what’s the profit margin. thanks
Mind my own business...👍🏼
I'm interested
his vending maching profit a week: 10bux
his youtube ad money:10k per week
Not completely true... People buy established routes that already have locations and machines
Now let’s make some more extra money, selling credit card information…
how much?
i am 12 and want a income anything just to make a my money back so is it good? im willing to put down money time and effort
❤❤❤❤❤
I want to start, is it best to buy new or used? Where is the best place to get them?
Offer up or Facebook marketplace
So true
I wanna know if a hair salon is a good place for vending machine placement. Does anyone know by chance?
No you’re right, get 3 machines, then you’d be able to quit your job.😊
I agree
Can you full fill my dreams? Im short of a 100$ do buy my vending machine
If tou can't afford to start you shouldn't try
@@carlosibanez2763 but if you had a good heart 100$ is nothing
Nice
Hlw brother I’m from india get me some secrets of vending machine business?
❤
It's called a hustle smdh
I make 0$ on mine
Until CDS or CJNG hits u up to put one on location selling their inventory of bloo m30 and white Peruvian flakes 💯😏💰
Es una tontería si la gente piensa lo que tú has dicho “poner varias vending machine y dejar tu trabajo a la siguiente semana” la realidad es que para poder vivir de eso depende de tus deudas y estilo de vida, por ejemplo yo, para poder vivir de este negocio y decirle adiós a mi trabajo necesito mínimo 20 máquinas que me generen mensualmente $350-$400 dólares cada una.
I can do two to three years of my life.
No. Someone will break the machine
insurence baby you could legit even tell you friends to go destroy it to get paid you have no idea how business works
Depends on location *taps head*
Channel dead?
Bro you are 2 years old and you give advice to people??
Its not worth it to have a vending machine the profit is so small
says who? Profits depend on location.
@@oxymarvin well make the math where I live the coke machine can 12oz it's sold at .55 cents u buy it rn there's a special 3 12 pack for 10 plus tax 10.83 u divide it by 36 cans it comes at .30 cents .25 cents profit but not everytome there's a special u can go to any store u pay aleast 6.95 plus tax it comes at 7.54 now ur not making a profit to it's not worth it bc of or area same thing with snacks or chips
@@luissanchez2261.55 cents per can? 😂😂😂 nowhere have I seen a can go under $1 so ur selling that product short... I would put it for $1.25... Here it comes out to about $11.05 with tax so 36 cans come out to rounded to 0.31 cents a pop so ur profit is ... $1.06 per can so that's about $33.95 in profits total... Anything 2x in ROI is profitable so idk what ur talking about 😂😂😂 but most people prefer bigger size 20oz bottle
its nice fully passive income tho
@@xxkarlosxxxxxx7233 the machines that r at Walmart r .55 cents so ur not making a lot profit I'm try to go take a pic then I'll put it here on my profile
☝️truth❤❤
Vending machine
Bro not trying to be mean but u need a new chair
If you need to buy coffee vending machine, please contact me!
😂
Bro spoke nothing
Vending
24
Cap not very profitable
But what ur ig
I think you can make more by begging 🫣
I will argue that people who beg for money on the side of walmart is probably making a load of cash, just think about it. One person give you a 10-20 dollar bill within a hour time frame and then there's a lot of people who give you 2-5$ within that hour. They can easily pull 50-100 in a hour
@@hummerguy Ikr 😂
Vending
Vending
Vending
Vending
Vending
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Vending