How to start a vending machine business

How to start a vending machine business


How To Start A Vending Machine Business Whats good wealthbuilderz its yah boy
DeVaughn back again with another video and today we are talking about building
a business off line I know I know I mostly speak on
building business’s online but I’m starting a new video series
where we talk about how to build specific types of business’s offline
or online and today we are talking vending machines… lets go!! Vending machines average over $7 billion a
year in sales. The snack and vending machine industry generates
over $64 million a year in profits. The vending machine business used to mostly
cash-based but now it seems to me that
they are doing my card based transactions Since we are a card based society its only
right that vending machines are more card based Here are some more statistics
if your thinking of starting your own vending machine business
There are an estimated 4.6 million vending machines in the U.S.
56 percent of vending machine sales were for cold drinks,
including soft drinks, juices, water, etc. And if you are thinking of vending machines
as just chocolate bars and soda pop, think again my friend Healthier
snacks outsell traditional snack foods by 300 percent. In fact, some locales have legislation in
place to mandate healthier choices in food/drink
vending machines. So yeah its alot of upside to starting
a vending machine business. So now you know the upside
how do we get the ball rolling 1. Find a Location
Now this step is interchangeable with the 1st step
you can secure a location. Get the contract signed first. Most people would buy a vending machine first
but you don’t want to have a vending machine stuck in your garage and have no money coming
in. 2. You need to purchase a vending machine You can go to americanvending.com
and check them out. This would
be a great resource for anyone looking to start
home based business for vending machine. You can have the machine sent directly to
the location its to be placed at you wouldn’t
have to worry about delivering it yourself. 3. Buy Inventory Now this is where you need to do your research
You will need to know what type of crowd your dealing with at the location your vending
machine is serving. For instance if your vending machine is in
a loaction where there is a gym You might not want to put just junk food in
the machine 4. Set Up A Website Once you have 1 or 2 locations
You will need to have some typw of website for your future customers can find you
and learn about what services you offer. 5. Customer Service
You should buy a 1800 number of some sort thats so you can place that on your mmachine
just incase someone has a complaint or the machine breaks down. Don’t worry the cost of a 1800 number is less
then $20 a month and you can forward it to your
own cell phone if your
still in the beginning stages of your business. 6. Get A LLC or sole propiertorship You will need this for tax purposes
So after you get your first location and purchase that vending machine
this step has to be completed. So there you go 6 steps
on how to start a vending machine business Thanks for watching my series on how to start
a business it could be home based or online
I break it down the best I can in these video series
if you want more of these type of videos from me
then click the thumbs up and subscribe

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About the Author: Oren Garnes

43 Comments

  1. You’re hilarious and encouraging! 😂Thank you for the insight, I’m still the research stage and learning what I need to do to start. I appreciate you sharing your experience and knowledge. 😊

  2. This was a good, information video. I suspected that I had to get the LLC for the business. The 1-800 number is a good idea. There aren't that many videos for noobs of HOW TO step by step. There are, however, many people boasting how they work 10 hours a week make 4 grand a month. Thank you for the informational video.

  3. What was that last part you were talking about the LLC for tax purposes?Like can I get a vending machine and just place it at a location and collect the money from it without actually starting a while business with multiple machines?I need to save up for a car and I feel like if I can get a vending machine I can make money from it for my car.

  4. How's it going you sound like you're from the Bay Area I live in the Bay Area I have been talking to a guy about taking over his route I have the numbers the gross the profit all of it also I've been thinking about starting a Amazon based business FBA do you do consultations and how much are they

  5. Different business, but I use Google Voice for a phone number / call forwarding / call screening & Google Domains for the dot com, since it's a flat $12 a year and includes privacy.

  6. I like the video, but it's very hard to watch because you spend the whole video looking at yourself on your camera. If you looked at the actual lens, you will connect better with the audience.

  7. I've never seen vending machines like the ones in Japan! Those machines are everything! From food to clothes!!

  8. I'm currently building my bulk candy route then stepping up to the soda machines in my locations that need them.
    Will have 2 streams of income to finance more machines

  9. Step 1, have a lot of money. Vending machines cost a lot, it's like a laundromat it costs a lot for the machines.
    You have to find places to put them. Many machines get vandelized. Using credit cards means you give 3 to 6 percent to the credit card company.
    I have known several people with vending machines, it's a lot of work!

  10. I been looking for some vending machines and they are super expensive like 4-5k it will take a while before you make that back and if you get a loan to buy the machine then you will pay interest on the loan

  11. One, amazing vid bro I'm subscribed. I have a question though so what if I get a used vending machine or one or the cheaper side, I only have about 1,000 to invest but I'm sure I won't spend it all unless majority for inventory.

  12. What licenses, permits, insurance,etc do I need? How do I make or get a contract. I want the exact details.
    I want to get into this business but I need someone to point me to the right way.
    So I buy a vending machine, find a location, talk to the owner and that’s it?
    I need more details.
    What license or permit or whatever I need.
    I am playing to start small with just a soda vending machine and see how I look it. Someone help me!

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