2-Day Workweek Earns $700K - Vending Machine Business
Adam Hill started his vending business, Hill Vending, because he wanted to break away from his 9-to-5. Eight years later, he has 100 machines that make a combined $50,000 or more in gross sales each month. He shares how he built a profitable vending business in this interview.
Learn step-by-step how to start your own vending business with Adam: hubs.li/Q01L50w40
One of the great things about the vending business is its low barrier to entry. Adam didn’t have any experience before he started, and you don’t need a ton of money to get into the business, either.
In Adam’s case, he had the financial resources to buy an entire route, but there are other, lower-cost options for entrepreneurs with smaller budgets. He’ll talk through the startup costs for a new vending business, along with his strategies for evaluating and acquiring vending locations with high revenue potential.
When Adam started out, he was a solo entrepreneur. He’s added people to his team as his business grew, allowing him to get off the truck and spend more time on sales and managing his company. We’ll find out when he knew it was time to grow his team, as well as the systems he used as a solo operator to manage his workflow and ensure all of his machines were serviced efficiently.
Getting the right machines is the first step to starting a successful vending business, and Adam will explain the types and brands of machines he prefers and why. He’ll also talk about where he gets the snacks and drinks he stocks in them and how he chooses the right items to ensure consistent sales. If you’ve ever wondered how to start a vending business, or how much you can make doing it, you’ll get the answers to your questions in this video!
Resources
hubs.li/Q01L50w40 - Course by Adam Hill
www.upflip.com/academy - Start, Build & Grow Your Business
www.upflip.com/blog/how-to-st... - More advice on how to start a vending business on the UpFlip blog
www.upflip.com/equipment-list... Premier Equipment List
Timestamps:
00:00 - START
00:42 - Introduction to Adam
02:01 - Warehouse tour
02:53 - Revenue and profit margins
03:21 - Building a team
04:26 - Common mistakes
05:41 - Machines and locations
06:19 - Growth strategies for small vending businesses
07:46 - Vending bootcamp
08:55 - Supplies and inventory
09:58 - Early lessons learned
10:29 - Machine repair and maintenance
11:05 - Buying routes
12:02 - Controlling costs
12:39 - Where to find routes
13:50 - Choosing locations
14:45 - Best machines
16:17 - Identifying viable locations
18:20 - Fan Blitz
20:33 - Securing accounts
21:58 - Financing options
23:23 - Pricing strategy
25:08 - Sales kit overview
25:36 - Machine brands
26:13 - What customers want
27:44 - Credit card readers
28:47 - Servicing machines
29:37 - Choosing inventory to stock
30:32 - Top advice for new vending owners
31:12 - Outro
#vendingmachinebusiness #vendingmachine #howtostartavendingmachinebusiness
Пікірлер: 865
Learn step-by-step how to start your own vending business with Adam: hubs.li/Q01L50w40
@JTL1776
Жыл бұрын
Is there any chance for a video on a trash bin and dumpster cleaning services.
@automatedcomment
Жыл бұрын
Ask me how I made 7 million a year taking massive dumps at warehouse facilities then coming back in 1 hour as a janitorial business and pressuring them to a monthly subscription
@veena171
4 ай бұрын
@@JTL17761
@JohnathanHouston-uq6hy
3 ай бұрын
Since covid hit a lot of people are using online shopping app's that deliver instead of going to store's themselves depending on on the discount you get from using online shopping apps. You could save a lot of money if I was going to start vending machine business would start with five vending machine's two soda machine's an three snack machine's and place them in high or mid foot traffic
@klubcj
2 ай бұрын
How much money do you have to pay the landlord for putting the machine there?
Bought Adam’s Course a year ago and it did nothing but made me grow into a very profitable living for my family and I. The dude is honest and very intelligent
@UpFlip
Жыл бұрын
Thanks for sharing your experience regarding his course! Any tips you'd like to share with the community? ☺️
@LeaveMeAloneBleez
Жыл бұрын
hi adam how much for the course brother ?
@codeintern8966
Жыл бұрын
@@LeaveMeAloneBleez $797
@chooselife5863
Жыл бұрын
Prove it? ...
@chooselife5863
Жыл бұрын
@@LeaveMeAloneBleez Be careful!
I had 120 soda and snack locations in the 80’s. The biggest issue, other than employees, is the low barrier to entry. The best locations see the money coming out of the machines and decide to put their own machine in.
@UpFlip
Жыл бұрын
Thanks for sharing your experience! How did you make it work back then? ☺️
@pbufh
Жыл бұрын
This is exactly why I think its a bad idea. If I had a business id put my own machine In.
@d_rock4932
Жыл бұрын
@@pbufh and keep it stocked, too? And what happens if it breaks? Spend a few hours on researching how to fix it, ordering parts, a few more taking it apart...
@TieflingKumasi
Жыл бұрын
If companies bought their own vending machines, they'd have to source their own snacks, right? Otherwise, wouldn't it cost more to buy snacks for your vending machines?
@ryandiedrich6317
Жыл бұрын
How much do you pay the company that allows you to put the vending machine in?
The vending market is extremely saturated and very few people will have this guy’s success.
@johnadams5694
2 ай бұрын
I was thinking this, too. Also, the average US citizen is 100k in debt. "Asking family for money" I don't think is usually a good idea to start a vending machine business, unless they also have that dream in mind. Which it wouldn't really be you just going to them and asking for money. Also, I can imagine buying one of those things for 3.5k and having difficulty reselling if the business flops. He made it sound as if reselling it would mean you can basically have no loss if the business goes under. I call bullshit. He lucked up and makes it sound like a piece of cake that anyone can do.
@roymoxley2587
Ай бұрын
Sure another get rich bs
@jjDub331
Ай бұрын
Damn yall are negative, if you have enough hassle you can definitely run a successful buisness maybe not on this level but it's definitely achievable
@tjpaiva3296
Ай бұрын
The only barrier is location otherwise it can't fail as long as you hustle
@tuvoca825
Ай бұрын
Bigger with low profit margin still pays a lot for one guy... the bigger access and economy of scaling up eats the competition.
This guy is legit, humble, no ego, and sharing his business tips with the rest of us.
I’ve been a route driver for a vending company for 2 years now I love the business I love working and fixing the machines it’s my passion
@Pickle_Riiiick
11 ай бұрын
Maybe time to start your own?
@UpFlip
11 ай бұрын
That's awesome! Do you own any machines as of now?
@yogurtsandwich5009
6 ай бұрын
How do you become a route driver?
@9jawarrior130
4 ай бұрын
That's amazing. Glad you found that.
@aqeel-3771
4 ай бұрын
Good for u.
This is gold. Keep them coming 👏👏
He seems like a very transparent Down to earth man❤thanks for this
Thanks so much for sharing. I've been seriously thinking about the vending business.
Definitely the best video so far doing my research no negative or deterring information honest informational and inspiring 🤙🏽
Love the in depth info
I bought a combo vending machine a few years back before Covid I haven’t done anything with the machine. Thank you for this video I will try my best to start my vending business!
@user-fd7te5ij1o
Ай бұрын
How’s it going?
Awesome video, great opportunity to grow. Love helping business grow their revenue trough private funding!!!
This was so incredibly informational and it was free! I can't imagine how much info is in the boot camp.
@UpFlip
Жыл бұрын
Couldn't agree more! We hope you can give it a check if you have the time ☺️
Great job. I appreciate how informative and professional things were produced. Thank you
@UpFlip
11 ай бұрын
We hope you learned a lot from this video. What are your takeaways?
Three big issues I had with my vending business. 1. You better be mechanically inclined if you want to own vending machines. They constantly breakdown. 2. This is an ultra competitive market, it is very difficult to get established into money making vending locations. 3. Feeding people junk and contributing to America’s obesity problem for profit. I just couldn’t morally do it anymore. Be careful people, I have lost a lot of money in the vending business
@turkwendell6904
Жыл бұрын
Not being sarcastic just asking you what does it mean to be mechanically inclined? Like servicing the machines?
@billykulim5202
11 ай бұрын
in this video adam say it thats why its importan you chose your machine, dont just buy them cheap, you will lost money because need to service it more,
@ABC-gs3fe
11 ай бұрын
if you want to be reach - you must to be btch.. It’s some song was about ..
@Xilladan093
10 ай бұрын
Lol
@jiepper
10 ай бұрын
I want the vending machines from Japan. The one I can get warm coffee, cold coffee,
I had one buddy that made like 1500 a month off a machine in a small village like town with only a dollar general there. He would tape a 5 dollar bill to a few cans in the machine that said winner on the can. It worked pretty good
@Zemog23
11 ай бұрын
What a neat idea
@sellbydate
11 ай бұрын
But I thought cans just came out one by one?? It's not like it's a grab what you can with claw
@UpFlip
11 ай бұрын
That's cool!
@ImPatrickStarl
10 ай бұрын
i freaking love that
@tman4life01
9 ай бұрын
@@sellbydateyeah but people will still be inclined to spend another $2 to get another can of coke, get their money back, and an extra $5. Pretty good idea.
This was very informative, thank you I will be taking the course!!!
@showrunner2183
Жыл бұрын
I’m in NJ too and have 20machines and 15 locations. Maybe I can help you
my name is Joshua Jesse Owner & operator of A power washing company I.E AGUA-WASH & your channel changed the trajectory of my life!Specifically the video on Northwest Soft-wash, i will within the next few years be featured on this channel!Thank You!
@UpFlip
Жыл бұрын
We can't wait to feature you on our channel. Best of luck! 👊
Great episode and Lots of great information/value here 💯💯💯
@UpFlip
Жыл бұрын
Glad you love this video! Your appreciation means a lot to us and motivates us to continue producing content like this. Do you have a business topic you want to see next on the channel? 🤔
Thanks for the super informative video!! I was really inspired when I went to Japan and saw lots of awesome vending machines with things like hot coffee, full meals, etc. I'm hoping to bring that part of the culture to North America.
@Sephiroso.
2 ай бұрын
Good luck on your endeavors!
I'm new to all this, feels overwhelming but I won't give up on learning this. Thanks for you clear explanation from the very beginning!🇬🇧
@travisbickle0526
11 ай бұрын
If it was as easy as buying a vending machine and putting it in a shop everyone would be millionaires
@UpFlip
11 ай бұрын
You're welcome! Learning something new can definitely feel overwhelming, but it's great to hear that you're not giving up. Keep it up @Paul mark!
@ImPatrickStarl
10 ай бұрын
@@travisbickle0526 so true
@STRICKLANDCAVESESSIONS
2 ай бұрын
Anything ever come out of it for you?
@obscurelyvague
Ай бұрын
@@travisbickle0526 you said it
this is absolutely amazing
Good interview questions. Engaging and informative.
Loved the video! However I was kinda taken aback by audio, hearing a lot of phase problems! Maybe look into it so next one will be even better!!
This dude is brilliant and loves what he does… 🔥 episode
@RashadSims-bh3zz
6 ай бұрын
Plus the money ain't too bad lol
This was an incredibly detailed video! Great job!
@UpFlip
7 ай бұрын
Thank you! Hope you learned a thing of two from Adam! 🙌
I love this channel you guys drop some good knowledge for people.
@UpFlip
Жыл бұрын
Thanks for watching and supporting our channel! Did you learn a lot from this video? ☺️
Good job. He decided to put his fate in his own hands and it paid off. Like to see this.
@UpFlip
Жыл бұрын
Couldn't agree more! Hope this sparked inspiration. ☺️
Great video with useful knowledge thank you!
@UpFlip
Жыл бұрын
Glad it was helpful! Were you inspired to start your own vending business? ☺️
I'm using this video for my business class in conjunction with spreadsheets like the one at 4:13 !
Best explanation I've heard to differentiate the two. Thanks.
@UpFlip
2 ай бұрын
Glad it was helpful!
This is inspirational and motivating.. thanks for this🙏🏿
@UpFlip
Жыл бұрын
Glad it was helpful! Were you inspired to start your own vending business? ☺️
@CB-jz7bo
Жыл бұрын
@UpFlip I've shared this video with all the people in my circle and we've been brainstorming and coming up with a plan of action for the last 9 hours. This is the most informative and useful video in all of KZreaddom, not a single wasted minute. God bless you and Hill Vending for sharing!🙏🏿🙏🏿👑👑
@UpFlip
Жыл бұрын
@@CB-jz7bo thats what we like to hear ;)
Great video thanks for the insight
@UpFlip
Жыл бұрын
Glad it was helpful! Hope it inspired you to start your own business ☺️
In a lot of larger factories that are union controlled you can plan on giving them a big cut of your profit.
He's back! Finally!
@UpFlip
Жыл бұрын
Yes, he is!!
Awesome video, it helps a lot ❤❤
Awesome episode 👍
@UpFlip
Жыл бұрын
Thank you for the kind words ;)
Okay, I’ve seen a lot of your videos and this one is the one where I’m going to take action. I really enjoyed every part of this video. It left me wanting more information. With that being said you guys seem like very honest people and I hope this boot camp is really worth it and i don’t feel like I just handed you guys money for nothing. I’m going to purchase the boot camp tomorrow.
@UpFlip
Жыл бұрын
We are humbled to know that our videos can make an impact! We hope you take these lessons to heart and apply them for success. Cheers to your success, and see you at the boot camp! 🔥
@leonaking1865
Жыл бұрын
I am on the same path, How was the bootcamp? Did your business grow from the bootcamp?
@infowazz
11 ай бұрын
Locations can be hard to find and you will need to restock the machine constantly. you also need a mechanic on call if something goes wrong. Its not an easy business. Digital marketing is much easier but they are very different paths and we are different people. Some people are killing it with vending.
@ImPatrickStarl
10 ай бұрын
Let me know how its GOING !
@NazriB
6 ай бұрын
Lies again? Design Technology USD SGD
I actually thought about getting onto the vending business, but on a different level.
I've been waiting for your videos man. Been too long 😢
@UpFlip
Жыл бұрын
HAHA we're thrilled to hear that people are eagerly anticipating our videos ;)
This is very good info for this type of business therefore thank you for posting said info...............
Because of KZread and TikTok, vending has become far too saturated as of late. As someone who operates 100 machines as well as a few micro markets, I can tell you that this is a terrible side hustle right now. However, if you're willing to blow past what 99% of people will do, 1 machine here or there at some random apartment complex, and really push through that initial failure, you will see that it is a great career that gives you a ton of flexibility for the income it provides.
@UpFlip
11 ай бұрын
That's so cool that you have so many machines @schultz22657 ! Did you learn anything from the video to take your business to the next level?
Nice one UpFlip, keep up the good work.
@UpFlip
Жыл бұрын
Glad it was helpful! Were you inspired to start your own vending business? ☺️
@Camcentral4532
Жыл бұрын
@@UpFlip No, but I got some lessons for my business.
Extremely interesting.. thanks
@UpFlip
Жыл бұрын
Are you a business owner yourself, or are you looking to start one? Please feel free to browse through our videos for more inspiration and value. ☺️
This is the video I was waiting for
@UpFlip
Жыл бұрын
Did you enjoy the video? Thanks for watching! ☺️
Family FAMILY FAMILY! all this would not be possible without Family, that's the most important part! I commend you and I thank you for sharing your experience and wisdom!
@UpFlip
2 ай бұрын
That's true. Family is everything 🙏
Thats amazing great job guy s
Great content. Very informative except no one talked abt taxes . Do u have to register a firm for it?
I work for a very large corporation whose footprint is from Massachusetts to virginia. They have 1 vending company. There are times where there are 5 spots empty in 1 machine. It takes them anywhere from 1-2 weeks to replenish. Machines appear to be cellular. It's like they just don't care because they have a lock on the corporation
@LordBort
2 ай бұрын
Sounds like a ripe time for another company to bid. I can already hear the opening line... "I noticed you have 5 empty slots! How long have they been empty?" 😂
@XingCollectables
3 күн бұрын
all machines are cellular for credit. unless the company wants to pay for cables to be run to the machines that's on them this is also not safe for customers as its easier to get the credit card info which is why we use cellular. sounds like you have a shitty vending driver that isn't servicing the machine when they need to. Should be serviced once a week on the same day and if there's still 5 empty slots, they either need to double up product and remove the slow-moving product or they need to make it a twice a week stop. Also, if your corporation is that large, they are 100% getting a commission on the sales which is why the vending company is locked in a contract with them. Likely have a contract of 5 or more years that can't be breached. Also, you got to understand most drivers are payed over 25 and hour to service these machines if they have to drive out of the way to service 1 machine that has 5 slots empty it might not be worth it. There's a lot of cost factors that go into when a machine is serviced. This guy is showing machines that are freshly filled. He 100% has machines with empty slots any given day of the week that's just natural. But it shouldn't be empty for more than a week as every machine that sells out a few columns should be serviced at least once a week on a schedule.
Would love to know more about the exploration date of this food? That's gonna go bad. Also the electric bill for things that have to be kept cold, Et cetera
Great information thanks
@UpFlip
7 ай бұрын
Delighted it was useful! Are you considering embarking on your own vending adventure? 😄
I just turned 17 I’m in high school I live in South Africa here there’s not so many vending machines in the country so I’m thinking on taking the vending machine business to South Africa.🇿🇦
@UpFlip
Жыл бұрын
Why not? You could be successful with that! 👊
@Argonikron
11 ай бұрын
Be careful though, some assholes will break the glass to get free food.
@steveroman3729
11 ай бұрын
There's no vending machines because you already know why. The profit loss would be exponential.
@leonrussell9607
10 ай бұрын
There's no power in South Africa
Great video bro thanks
@UpFlip
7 ай бұрын
Glad it was helpful! Were you inspired to start your own vending business? ☺️
Hi, I'm from europe and yesterday I started wondering about placing machine's in my area. I find it hillarious that you uploaded this video yesterday! I mainly thought about starting a vending machine "shop" where people could come 24/7 to grab a snack, however placing them inside other companies seems like it might be a better idea. One thing I didn't hear you guys speak about is whether you actually pay or get paid by the customers to keep these machines in their companies? I assumed the customers would want some of the profit but hopefully I'm wrong!
@damiene5360
Жыл бұрын
I should've read the comments first since my question is allready answered!
@UpFlip
Жыл бұрын
Thanks for watching this video and reading the comments! We hope your question is fully answered. If you need to know more, let us know! ☺️
@tommyls4357
Жыл бұрын
I have the same question. What is the answer?
@andriipcreate
Жыл бұрын
@@tommyls4357 I didnt find it either (
I'm starting to be very intrigued in this whole side of business, so i'm gonna take action & start on the light side with gumball machines. I live in a good area, around a mall, high school/middle school & a couple salons. i will keep myself on low expectations as that can make or break you in business
@TitoFuentez
2 ай бұрын
Did you do it?
Good vid....subbed
@UpFlip
7 ай бұрын
Appreciate it! Any business you'd like to see next on the channel?
he seems like such a nice guy that’s just trying to help people and support his family
@UpFlip
Ай бұрын
Absolutely! 💪
Companies like Canteen run multiple routes with full staff people. All their routes are multi million dollars too so that claim that "nobody else is running my numbers" is false.
I have a vending machine too. Just started last week..
Interesting to note that the new cutting-edge, credit-card reading machines cost 10 times what an older-generation machine costs. HUGE capital outlay to get into the vending machine game. I assume that most locations already have vending machines. I would be concerned about broken-down machines; it is good to know that there are sub-assemblies that can be pulled out and replaced.
@mrkks595
6 ай бұрын
And guess what, the majority of the times the think that it is not working is the stupid Nayax card reader, the majority of the complains that I received is that the Nayax card reader it's not working and in Australia is the only company that´s supplied this service.
@marcoballarino6509
3 күн бұрын
You buy a 700/100€ old one then intregated with a slot comp for sum up card payments (?)
Adam really came through on this!
@UpFlip
Жыл бұрын
Agreed! We hope you enjoyed the video - thank you for watching! ☺️
This is awesome!!!
@UpFlip
11 ай бұрын
Thank you for taking the time to watch our video. We hope you found it enjoyable!
Location is essential,.my vending machine only yield $10 sales per day 😅
valuable information
@UpFlip
Жыл бұрын
Glad it was helpful! Were you inspired to start your own vending business? ☺️
Awesome Video
How come the location's owners don't want a cut in the profits? Where do you get your power for those machines?
The guy is very intelligent!! 👍
Bro - your one in a million that can profit - as you advertise
Thank you!
WoW nice work !!!!!!!!!!!
Oh my goodness! That was serious big mess. Thanks for your sharing it
@UpFlip
Жыл бұрын
Sorry, but what do you mean?
I own 22 vending machines and i have them on heavy foot traffic manufacturing warehouses the cheaper the product the more u sell Every other day i have ti fill up ..more work more dinero🤑
You have to restock, give the card reader a small percentage, maintenance, good location, get a store to say yes, then when they see you collecting all this money, theyre gonna kick your ass out and put their own machine in, there are a million drawbacks to this
Be strong in sales if your gonna get into vending it's fiercely competitive
@UpFlip
Жыл бұрын
Fortunately for us, Adam shares his tips on how to stand out from the competition. ☺️
@StefanoM666
11 ай бұрын
Depending on where you live you may also have to worry about your machines being sabotaged by corrupt competitors. Even be prepared to be threatened with physical violence via phone and/or email, etc. It happened to an ex co-worker of mine. He told me all sorts of stories about that shit. That's one reason he no longer was doing the vending machine thing and he worked where I was at.
Good luck . Everyone already has one and most of these places own their machines. You would be lucky to get any spots. Every place has been asked a million times to put a machine in. Maybe you could buy someone route.
@UpFlip
11 ай бұрын
Adam explained how he got good spots, but he shared more in-depth methods on our course with him ☺️
@Biker65
11 ай бұрын
@@UpFlip yeah ok
very informative I really enjoy this video
Would love to find out what the average split is with the location owner. Was one of the main items that was not addressed in this video but super important to start the business model. Will probably be addressed in the course but still would be handy to run some really crude numbers
@UpFlip
11 ай бұрын
Thanks for your comment @kevinvanwulpen9598 ! A lot of these questions are answered in the course here: www.upflip.com/courses
@Neceros
11 ай бұрын
@@UpFlip trying hard to sell, need to see more community action here.
@AlphaBlazing
10 ай бұрын
@@Neceros its free bruv
@chicamaravilla1724
9 ай бұрын
That’s the information I’m trying to find out
@AFENVendingMachine
9 ай бұрын
Cogitative👍
I just wanted to put some candy vending stands in some stores but this is good information as well.
@UpFlip
11 ай бұрын
We're glad to hear that you found the information helpful! Good luck on those candy vending stands @Joshua Hardin!
Hey adam heal thanks for this great video is very informative information in this video here. But I wanted To know have you or anybody that watched this Video Have any experience with smart cooler vending machines, And if so what can you tell me about them?
Get 5 million people to watch your vending machine video on KZread, that's how you make 700k per year.
@XingCollectables
3 күн бұрын
700k is such a fake ass number that's thrown out there to get people to buy his magic course. I manage over 200 machines over his 100 and gross 700-800k a year. If he's doing 700 on just 100 he's managed to get the best locations and has no duds and that's just not reality in the vending world. Each machine has to make $300 in sales a month which at the median is at least 150 individual sales a month (were talking major factories or production manufacture accounts that get those numbers. Now that's very doable for good accounts but not all accounts. To put things in perspective I fill anywhere from 30-40 machines daily 5 times a week. Thats alot of time and I also put on over 100 miles a day in a box truck that gets 7 miles a gallon of gas. Thats a big expense to consider.
Amazing work upflip
@UpFlip
Жыл бұрын
Thank you for watching and engaging with the content! Any business you want to see next? ☺️
Good luck finding a store or a good locations that allows you to use there site. Most are already taken.
@obscurelyvague
Ай бұрын
"@luke_8_17 " you are probably right
Tell us a little bit about how to contract the spot of the vending machines with the location owner? what are the legal parts? how to provide the power to the machine? Also, if a vending machine faces any issue during the day how do you handle that?
The competition is crazy in this industry but this guy is a genius
@roymoxley2587
Ай бұрын
He is selling you bs Everything is a get rich scam
People, if you are afraid of hearing no. This isn’t for you. This is Sales, relationships and accountability. Sales but at the Owner level.
@UpFlip
Жыл бұрын
Absolutely right! Were you inspired to start your own vending business? ☺️
are these leases w the companies at these spaces ? if u go to a manufacturing plant are u caught them a percentage of sales? leasing the sq ft of that space ur taking up ? if ur using electrical to plug a unit in etc
I can confirm Adam’s course is well worth it!
@UpFlip
Жыл бұрын
Wow, thank you for the compliment @kodydiy3028 ! So glad to hear you enjoyed the course!
@andrewjones4774
5 ай бұрын
Bot🤖🤖🤖
@Loogieiphone
5 ай бұрын
@@andrewjones4774 no u
Please guys bring this machine to Nigeria u we need it here it gonna make good sales here.
Since all these videos came out about vending machines. The biggest issue is finding a place to put them. And also the places you put them what most of the revenue from them. Remember we live in a greedy country. Used to be a great business.
bruv imma needa start my own vending machine business 2
damn profit goin crazy i must get into some side hustle that’ll bless me
@UpFlip
Жыл бұрын
Definitely would! We have tons of side hustle content here on our channel, blog, and podcast. ☺️
I used to do vending machines. The way to make as much as this guy is claiming is to find large scale locations that aren't interested in servicing their own machines. (Amusement parks, huge government buildings like post offices, airplane terminals, etc) Those afformentioned large-scale locations require you and other private contractors to bid on the location against eachother just for the right to place the machines for however long your contract says. The problem for the little guys is that these auctions from the start are prohibitively expensive. Say for example, LAX or Disneyland contracts expire and then those companies begin an auction for a new contract with a new company, for LAX or Disneyland it won't be unheard of for the bids to reach double digit millions. You had to be a big boy to play with Disneyland or LAX in the first place, in other words. That's besides the fact that the machines are becoming so much more expensive to a point where it would take years to break even on them due to parts shortages and other supply issues. Vending machines are also falling out of favor here in the US at the moment. With the majority of machines still existing in afformentioned amusement parks, large post offices or government buildings, and hotels. I wonder how much of his 700k profits are from the classes he's selling on the side and not directly from the business itself?
Thanks for sharings
@UpFlip
Жыл бұрын
Glad it was helpful! Were you inspired to start your own vending business? ☺️
Where do you guys recommend for buying the vending machines??
Didn't we just watched the boot camp. Awesome video
Hiii... Thanks for your reply and consideration. I want to ask .. Can you suggest me any locations.. and should i approach managers of location via email or in person? Should i sign any contract with the location managers? Thank you
Great video 🎉
@UpFlip
2 ай бұрын
Thanks for watching and supporting our channel! ☺️
great video guys
@UpFlip
10 ай бұрын
Glad you enjoyed it!
i would really love to be in this kind of buisness, seems kinda fun and enjoyable.
@UpFlip
10 ай бұрын
The goal - being in a business that you find fun can create a positive and enjoyable work environment, which can have a significant impact on your overall well-being. ❤ Thanks for the support @SquiddyHatesPeople.