Do you want to set up your system once and earn passive income repeatedly? Next, continue reading! There are 5 machines that automatically make money!
One of the best ways to help improve your work from home and reduce grind factors is to find ways to generate passive income.
Some of the best ways to generate passive income require a bit of initial investment, but there are quite a few business ideas for vending machines that can kickstart with relatively low startup costs, low costs and decent profit margins.
Many successful small business owners start by purchasing a business machine that does most of their work for them. With a little creativity and a solid business plan, you may be literally raking coins.
Start a home-based vending business
With things going on, the vending machine business becomes one of the easiest passive income ideas to manage. It may seem like a vending machine can generate more money compared to things like restaurants and storefronts, but the profit it generates can start to sum up quickly as you reinvest it and expand your vending machine empire.
Also, unlike most startups, vending machines do not require overhead or constant attention from machine owners. After the initial boot stage, most jobs consist of refilling machines, clearing up cash and addressing the maintenance issues that arise.
Start a vending business
To break into the vending industry, start by doing a little market research in your area. This is as easy as running around town and filtering out what kind of machines you’ll find in busy areas and getting the feeling of a local business open to working with you. Check out the machines in areas with many pedestrians and record what types of products you think are doing well.
Selecting the type of vending machine
The next step is to decide which type of vending machine you’re investing in and whether you want to buy a new machine or start with used equipment. If you want to save on startup costs, you can find your equipment through online marketplaces such as Facebook Marketplace, eBay, Craigslist, and more. Conversely, investing in new vending equipment can save you maintenance costs in the long term.
All of these are potentially lucrative ideas for the vending machine business.
1. Candy vending machine
If you have a tight budget and like the idea of building a vending machine business, start with a small candy machine big enough for something like a handful of candies like gumballs and Skittles and Reese pieces. In fact, it is not uncommon for teenagers to own as their first business, as bulk candy machines are very easy to maintain.
Bulk candy machines are small enough that they don’t take up much space, making it much easier for local business owners to persuade them to plant them in their businesses. That’s especially true if you’re giving them 20% to 30% of your profits just to stick candy machines on their entrances or lobbies.
A simple candy machine with three compartments can be picked up for a brand new item worth just $200. And for the same amount of cash, you can pick up even bigger, sturdy machines on second hand.
These small candy machines do not generate a large amount of cash individually, but it is worth it to get some measurements with minimal maintenance. One machine can pull from $15 to $40 a month if placed in the right place. Especially where parents are willing to dig glove boxes to soothe restless children. Think of a barber shop, convenience store, skating rink, airport, bus or train station.
2. Vending machines with toys
Remember the thrill you got as a child when your parents criminally fired a handful of quarters for a slightly clear plastic capsule with small toys and stickers? Sticky hands, small skateboards, holographic stickers – they’re cheap as a single one and some of the coolest things we’ve ever spent on allowances.
Kids still love these things and they are still an effective incentive to take advantage of good behavior during mom and dad’s shop. And not all disposable junk these days. Named after the sounds created during vending, Gashapon Machines sells for around $2-5 per item, including quality collectible brands Sanrio, Pokemon and Nintendo products. Gashapon-style vending is popular among teens, tweens and even some adults, and has significantly expanded its customer base beyond the “sticky hand” market.
Gashapon machines and other toy capsule machines can be placed almost anywhere, but they do particularly well in places where children and teens often occur. Where you can sell manga or host gaming events like Pokemon video game tournaments is a great place for a gashapon machine. It can also work well in flea markets, antique malls, and comic bookstores known for selling many pop culture collectibles. Because 2 dollars aren’t often fired compared to some of the more expensive items. Gashapons is also suitable for Boba Tea Shops.
Each Gashapon machine starts at around $400 and comes in stackable models. A single machine is also very profitable, attracting hundreds of dollars a month. Capsule toy machines can also make a profit when placed in a good location for pedestrians and restless children, especially in food courts at shopping malls and flea markets.
3. Snack machine
Snack vending machines require more frequent checks of stock, so snack vending machines require more maintenance than toy capsules and gumball machines, at locations with between $1,000 and thousands of equipment. However, if it works when choosing a machine location, the snack machine can easily generate hundreds of dollars a month. Vending machines with card readers also amplify profits by allowing you to easily grab a bag of chips without digging for changes.
Places where you are likely to get caught between meals are usually better suited to snack vending machines. For example, laundromats, tag agencies, strip malls, etc. Snack vending machines can do very well in apartments and office buildings, and many property owners are pleased to make a profit for the minimal effort to host vending machine companies on their premises.
4. Soft drink machine
Soft drink machines tend to work well in all places you consider placing a snack machine. Coca-Cola, Pepsi and other soda products have always been popular among Americans, but other drinks can also be sold. Ice cold water bottles can be a welcome sight even in busy shopping centres and gyms, while credit card reader machines make sure you don’t miss out on a few quarters or a completely smooth dollar bill transaction.
The profits of soda machines tend to run quite close to what you make with snack machines. And like snack machines, soft drink vending machines cost from epic to thousands to thousands at high end.
5. Other types of machines that make money
These days, many vending machine business owners have branched out beyond the Big Four of candy, toys, snacks and soda. Stocked with essential items such as bandages, over-the-counter medications, sample-sized laundry soaps, mouthwash and toothpaste, vending machines are powerful lucrative players on university campuses and extended stay motels.
T-shirts and souvenir vending machines are also becoming more popular in tourist spots. A good vinyl printer, some clever slogans, and the right arrangement allowed someone to kill like this.
Business aspects of money making machines
Before you buy a vending machine, take your time to investigate community regulations and how they affect your business. Obtain the required permission or business license and determine how taxes and fees to the property owner, etc. will affect your bottom line.
If you are purchasing a brand new vending machine, take your time to understand the manufacturer’s obligations in terms of maintenance and warranty. You also need to source suppliers of your inventory. And, no matter how small your business is, keep a clear and organized record of everything.
A machine that wraps money
Whether you’re just dipping your toes in a vending machine with a few gunball machines or thinking about putting them all in a few high-end cola vending machines, ownership of a vending machine is a lucrative side hustle, or even a cornerstone of an entrepreneurial empire.
And because maintaining the maintenance machine only takes a few hours a month, there is plenty of time left to do other jobs from my hometown, or to get out there and live my best life.
If you have any great vending machine ideas or anything to share about how to start a vending machine business, let us know in the comments!
