Don’t Start A Vending Machine Business In 2023!
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- เผยแพร่เมื่อ 4 ก.ค. 2024
- Don’t Start A Vending Machine Business In 2023! To start a vending business, you will want to listen to my mistakes. Along with some tips to avoid the tough stuff that can come with operating a vending machine business. Vending machine business operators make incredible margins and can have flexible work hours, but it is not all sunshine and rainbows. These machines come with many costs and other maintenance that must be kept. To continue to operate your vending business, don't make these mistakes.
I am excited to share my journey in the vending machine business and one of my new locations at an apartment complex, where I placed a combination vending machine! I did not expect it to do this well, which is one of the keys to vending. Never estimate what a location can or cannot make in a month; it depends, and you would be surprised. Sometimes it's more about how many hours someone sees your machine vs how much foot traffic a location receives.
Start your very own vending business today: vendingbusinesssolutions.com/
great video
😮💨
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People who say vending is not good money just don’t have good locations or know what their doing. Location is Key !
That’s true
This is true because I have been making a killing off of this I was able to get a home and a new car. Thanks to the contribution of my machines
@@fishnspaghetti1830 nice
@@fishnspaghetti1830where do you place them brother? I’m looking to get into this business.
How would one get into the bussiness?
On point calling out most of the other "channels". You are giving sound advice. Subscribed, following, and liked. Keep up the good work.
Sounds like a good thing! But wasn’t meaning to call anyone out, just expressing my viewpoint
I'm considering getting into this as a secondary source of income. I'm working as an artist, which gives me a very easy schedule, but little income. I got on TH-cam to look for words of encouragement, and I almost skipped this one (for now) because the title made me think I would feel discouraged. I didn't get that at all. This was a great video, focused on realism as opposed to fat stacks of cash. It reminded me that I won't get rich because I bought one vending machine, but it did so without telling me I'm stupid for considering the idea. Thank you for your insight.
I appreciate your kind words and i hope this puts the business in perspective for you! Cheers
I’m also considering getting into this business as a side hustle. Would you recommend doing this with a 8-5 job? Would you recommend hiring a refill service company?
Great video Dominick. My family was in the vending business when I was young with 90 locations, and sold the business when I was a teenager. I've been thinking about starting one myself while I have a dayjob, because I know the machines pretty well (looked up how to add the card processor recently) but my biggest struggle is being able to do the sales development.
I know what my family looked for in a location, I just need to figure out how to find the right person to talk to. Probably just need to take a day to get out there and do a trial by fire day.
Thanks so much! It all depends what types of machines and where you are located. Getting out there by phone and by foot is good to gauge what the city says around you about vending machines. Cheers
Nothing but facts in this video! 🤜🤛
Yessir 🙏
Thanks for the tips. Just starting out and I’m in the process of locating at the moment. Very brutal but hoping for that first yes and I won’t give up.
Good to hear 👂
Nick Thanks for the video and the realness, appreciate the honesty.
Appreciate the support - Dominick
Thanks for this brother. Super helpful. 💯
Sure thing! Glad you enjoyed
Do u need to have a business in order to start or can I jsut buy a machine and put it in?
The most valuable thing you could tell us is specific product to buy. Specifically systems that will tell us when a certain snack is empty and needs to be refilled...
Your machine should NEVER be empty , thats lost revenue
Very true.
Insightfull video. Thanks!
Thank you
I work in the oilfield currently a 2 week on 2 week off schedule. I’ve been considering doing this for supplemental income. In your opinion would this be something I could work around that?
Responded to this
Hey what's that machine's model? i have a similar one(rs-800) and cant seem to get my nayax working on it
Great video just subscribed 😊
Welcome 🤗
Hi Dominick. Thanks for the great content. I'm just starting out and was wondering if you recommend putting in 1 combo machine per location (and selling most popular big brand snacks and drinks) or putting in 2 separate machines (1 snack, 1 drink) in order to offer more choices/variety. Obviously, two machines each with a CC reader means you're shelling out twice as on hardware and recurring fees, whereas with a single combo machine you can save $300-$400 on the reader alone and focus on selling just the biggest and most popular products in your single combo machine. Another concern that I have with 2 separate machines is ... choice overload (30 snacks, 10 drinks to pick from vs 15 snacks, 6 drinks to pick from). What are your thoughts? Thank you in advance!
It is location dependent. With a high traffic account, a combo will not be sustainable.
@@DominickBarbato I see. That makes sense. In your experience, what counts as high traffic (ie how many vends per 24 hours)?
@@viktortsoi84 it’s based on frequency and capacity of machines. I usually say 2/3 of all employees will spend a dollar a day and work my research from there.
I work for the biggest vending company in the uk.
They have machines at over 1000 locations in Englands train stations.
The company is worth 2 million. The company went from 300k to 2 million when Covid happens. Very odd I know.
But they do profit. What they won’t tell you is, you have to big capital to begin and if you’re Serious, you will have to get contracts with stations and airports for a real business.
Most other places are a self employed small business that will tick you over.
I was wondering I’ve been looking Into it and everybody says the same but nobody talks about the contracts they have with there locations. What did you put in your contract with your locations owners
Protect your assets
@@DominickBarbato bro Ngl u did not answer his question at all
would you purchase Pringles machines to start? They are only coin-operated so I am concerned. But they are already in active locations and making something. I maybe able to put bigger machines in some of the locations
I didn’t know they were in the USA, are you outside of America? I know they work great outside of USA. I started with small machines and worked my way up
@@DominickBarbato thank you! I really enjoy your videos.
I am in Canada
@@melaniesheils9243 Canada is great for them! If you are buying an established route make sure you pay less than what they want! Cheers
@@DominickBarbato thank yoou
The speaker highlights some of the mistakes he made when he first started out, as well as some of the challenges of running a vending machine business which are 100% accurate actually. not bad
So this does not sound like an job for a teacher friend of mine who is looking for a something to do in his retirement at age 60+. He will have to work harder than he ever did as a teacher. BTW he thinks he will strike it rich with the cotton candy and popcorn vending machine . We live in the NJ area. I must show him your videos before he starts . Thanks so much for your honest take on the vending industry
Yeah good insight here!
I was thinking about starting a vending business, but after watching this I'll be looking for something else to spend my time on to make money with. Thanks!
You’ll figure it out! Cheers
Goodluck now you're making les then others that own a vending machine
I am a freelance tutor and I have my weekday mornings free. Been thinking that starting a small business would help me understand how to run a business, and also not take too much risk / since most businesses have high initial capital costs ..
Hello Brother, thanks a lot for this mind opening video Dominick!! I'm looking to start this business. I'm in Paraguay, do you happen to know where can I buy the machine?
I don’t, I’m sorry! That sounds awesome though, keep me posted
@@DominickBarbato I mean to import one
this guy just makes you wanna do it asap
Good
People dont account for expenses and commission🤦🏽♂️.. you have to have more than 1 or 2 or 3 to see good bread
Absolutely
@@DominickBarbato but no one wants to trust the process 🤦🏽♂️
@@gjackson9590 true!
@@DominickBarbato I was thinking about getting into this business on the side, but I've noticed machines seem to be rising a great deal in price since vending has become so popular. Do you have any places you still like to look at for machines?
Thanks,
@@j.asmrgaming1228 I buy brand new and yes prices have went up out of inflation and demand. Pick a brand of machines and try to stay with them. You just need to start and I always recommend starting small. Gumball machines, cranes, honor boxes.
where do you buy your products? from a local store or
Distributors
@@DominickBarbato wym? PLEASE explain! Thank you 🙏🏾
@@daytonsmith3290 food and beverage distributors as well as local stores
Do you need to buy certain quantities to purchase from distributors ? If so, at what point (#of machines) did you begin working with distributors ?
Do you have the location signing a contract stating no commission?
That’s smart
Hey Dominick.
I possibly have a location for a couple of machines. Looking to get into the business.
I’m guessing you offer a consultation fee, etc..
Thanks.
What do you need help with ?
When just starting out should you buy combo machines or single pop or snack machines?
love it
Thanks brother!
Can they kick you out at anytime with no contract? How did you get this space? With no commission are you just asking them hey can I set this here? Or are they contacting you to put your machines in there space?
They have to notify me up to 60 days ahead of wanting me to move my machine. Referral from another location. They want a vending machine and our service because they don’t offer anything to their clients. We offer a service they need. You can do outbound or inbound, but inbound is hard when just starting
@@DominickBarbato is it a viable strategy to just buy vending machines that come with locations? I just want solid locations with reliable sales. The advertising and networking seems like it would be necessary if you were to take this on full time but is it essential if you just want 2 or 3 machines operating well as side income. I appreciate the fast and informative answers by the way.
@@Biblig it is best to do a 5 year contract at a minimum a contract on paper and notarize it without a contract they can change their minds and kick you out at any given time. I've done this hustle and did them without a contract I'm no longer doing it but if I did happen to do this hustle again I would involve paper contracts
@@donjuandemarco2995 do you get a lawyer to do contract write ups?
@@Biblig you could or you can go to a legal and legit notary to get it done.
Why should i be that active in social media and put ads on my content when people buying from my vending dont care who sells? Just curious
I don’t understand this comment at all.
I don't *think* he's suggesting advertising to get people to use the machines; rather advertising to find locations to place the machines.
I'm not sure if your allowed to place a service that gives you money on another person property without paying. Or maybe I heard him wrong
not sure lawyer man
I have one combo vending machine out and I don’t pay any commission for it either 😊.
Good to hear!
Replace the snacks that aren’t working ? Ask customers to leave snack suggestions? Lol
W manz
Appreciate it
When I hear people say vending is not good or even if it’s clickbait but I feel they are not planing it properly.
Okay thank you
Dear Brother I am live from Dubai.
Brother can you tell me how I can start a vending machine business in dubai ?
*The first is the trade licence which costs in the region of AED 10,000 to AED 12,000. You will also need to consider the costs of permits and approvals that may be required depending on the location of your machines!*
What do you say to those that love hating on Seaga Vending Machines?
The parts are expensive when things go wrong with the machines. I understand why they have a bad rep, but it’s amazing company and they just bought AMS.
This business is a hassle I wouldn't recommend it I tried it and people are always changing their minds asking you to remove the machine from their business then you have hustle to get another one. I rather buy a laundromat and place my machine there than buy more laundromats and place all my machines there.
You’re right but most of the time if you’re nice and service the machines properly with good options and machines, they will love you
You sound like a complainer
@@jbthedon9233 thanks!
Funny how nobody is going to watch ur channel even though this is literally the best vending machine video iv seen in years.u literally just dish out all the information and facts in a straight up monologue.....i have never seen a vending machine video with so much in depth knowledge and nuance about the market and vending machine "business"....all the other vending machine channels are busy trying to be that cool guy in the neighborhood and peppy and shyt,and "hey im entrepreneur reys,hey im entrepreneur stan want to know if u can make money starting a vending business and shyt" "look how much mountain dew and takis we are buying today and showing shelves and shelves of shyt and then spend six minutes of the video opening doors and shyt and counting one dollar bills and bags of quarters.....and then writing on a piece of paper revenues/earnings $190.89 minus $78.....quick math
Best comment
Great video but the title is very misleading. I thought it was going to be a video about "why you should not start a vending business in 2023" 🤷
Needed you to click! Thanks for being here
What's good Dom? Hope all is well.
All is good man! How are you doing? Thanks brother
why is the title Don't start a vending machine business in 2023? I was expecting to hear the reasons why not? I got tips on what to do but not why not to do this business? Is there a downturn in vending? is vending going out of use ?(people don't use them anymore etc.)
People would rather click on the don’t video and the why video
You're lucky you are not paying any type of rent or commission Not only are you taking up space you are also using their electricity.
Offering a $5,000 machine + service
I got locations but no machines. Seen some machines made in China but I don’t know anyone that bought them from there.
China ones are not reliable but can work
Buy them refurbished bro.
@@jameskelly2197 good idea
What machine is that?
Seaga SM23
I can’t find no locations in greensboro
Keep hustling at it
@@DominickBarbato I have been and it’s slowly getting there I just landed another one 💪💪
Lmao well all that so-called got me a house and car. Don't let people like him discourage you you get what you get by the amount of work you put into it
Just laying out the truth brotha man
Don’t start a vending machine business and then tells you how to do it smh
Yes!
as you are talking you are constantly moving.... I get the idea of energy, but this made it a bit hard to watch on a big screen :)
Sorry Ray
Change the snacks up looking at those makes me not want to buy anything
What should I change them to Luis?
@@DominickBarbato get a few more sweets get snacks that have more bright colors that will catch the customers attention
@@LuisPerez-fb7jx okay sounds good
The clickbait title turned me off entirely
Good
Plus don't they charge you electricity
Sometimes
I hear Sega sucks
You bought a used one?
@@DominickBarbato no I’ve heard from multiple vendors that sega sucks for a lot of reasons and ams is better
Thanks bro for so much of information 🫡
No problem
It's a side hustle not your main income
Don’t treat anything as a side hustle. Side hustle culture is destroying profit potential
I work in the oilfield currently a 2 week on 2 week off schedule. I’ve been considering doing this for supplemental income. In your opinion would this be something I could work around that?
Thanks 🙏
I work in the oilfield currently a 2 week on 2 week off schedule. I’ve been considering doing this for supplemental income. In your opinion would this be something I could work around that?
For slower accounts with 2 machines on them, probably could make it happen. Most accounts have to be serviced minimum of 1 time a week, but the slower accounts can be stretched.
I work in the oilfield currently a 2 week on 2 week off schedule. I’ve been considering doing this for supplemental income. In your opinion would this be something I could work around that?
Somehow this posted 5 times
I work in the oilfield currently a 2 week on 2 week off schedule. I’ve been considering doing this for supplemental income. In your opinion would this be something I could work around that?
Awesome 👏