Website design Atlanta | Web Designer ATL

Here’s how you can start a vending machine business for $600-$800



In my last two vending machine videos, we talked about where you can regularly purchase used vending machines for under $1,000 on a regular basis. This is the 3rd, highly requested video, covering HOW TO NEGOTIATE WITH BUSINESS OWNERS on placing a machine.

This video has VERY THANKFULLY been sponsored by NorthOne, which is an online bank PERFECT for people starting a business. Download their mobile banking app here : https://bit.ly/3jYUv1q

Like normal I will respond to comments for the first several hours after the video is posted, if you have more questions you’d like answered, please check out my discord here : https://discord.gg/myuPtHt

You can access my FREE teachable videos about investing, vending & more at http://investmentjoy.com/teach

Don’t forget you STILL can get UP TO TWO FREE STOCKS FROM WEBULL and also help support InvestmentJoy @ https://act.webull.com/kol-us/share.html?inviteCode=9EZnruje313m

I do post mini-updates on my Instagram at http://instagram.com/investmentjoy

If you’re curious what kind of equipment I use to make my videos, the whole list is at http://investmentjoy.com/brandons-equipment/ AND the security cameras I use at the trailer park & laundromat! .

source

44 thoughts on “Here’s how you can start a vending machine business for $600-$800”

  1. blank

    Great video! For fun, you should put a "MYSTERY" button on one your machines and fill it with a random assortment of sodas so when someone clicks it it comes out a different soda each time. You could even fill it with sodas you don't typically sell.

  2. blank

    Yo, dude. Stop being a cheap bastard I get the gaming system for the holiday at least. It's not just about you and especially it is not just about it being a gaming system. It's memories that last a lifetime and I can personally vouch most of the Nintendo franchise games are Top Notch for any age. They got me through some very tough times by not simply being a distraction, but by being imaginatively intuitive and involved in what I was interested at the times of when I got into them as games.

    Honestly, if you're worried about what is appropriate for your kids, have that conversation with the people at GameStop and online forums like this. A reasonable assessment can be made on how you know your kids and what those in the know are telling you about what they're saying they're interested in. That's not to invalidate the ESRB rating system, but to point out the difference between a mature youngster who can understand the gravity of a western movie storyline plot and therefore can handle a game like Red Dead Redemption with ease as compared to a kid still obsessed with Nerf guns and the Cops or live PD TV show and therefore should probably be kept away from Grand Theft Auto until they can distinguish what is and what's not socially appropriate before they learn any bad habits or phrases from there. Neither of those two titles are from Nintendo by the way, but one borderline horror franchise is, the Metroid series. I say borderline because I'm the kind of person who's a bit of a wuss when it comes to anything scary and I've always been that way. I can say that now as an adult just passing my thirties that I want to get into that series, but had I completed my GameCube game half a lifetime ago it likely would have affected me differently it likely would have affected me differently.

    Let me leave you off with this. Definitely manage their time with it, there's actually some really great parental controls specifically to the Nintendo switch that you can deal with remotely if you run your household on a schedule and you expect everyone else to adhere to it for everything to be done by the end of the day. But don't deny them what's become a basic childhood experience nowadays and has been for at least the past two decades now. Raising well-rounded people involves allowing them to be involved in cultural milestones, and technology is part of that. Let them have their fun, please. <3

  3. blank

    Upvote for more attention, please. My advice: It will cost more than $800 to start this business effectively, but not more than $3000. I started a few months ago, and there are startup costs to consider.
    1.) The machine can cost you $1200 to $1600 for a good refurbished machine. I think it's important to have a good quality machine or machines so that a.) you don't need to worry about repairs so early in the game, and b.) so that your fledgling business doesn't face criticism from locations for the machine breaking all the time, or eating their dollars, or not staying cold.
    2.) You CAN start with no official business/LLC, but you look unprofessional. Without an official LLC or something, you'd essentially just be a guy walking in asking a favor of the location owner, which can be fine for either starting out or for small-scale local stuff, but it should be your end-goal to expand, and you can't effectively expand without an official business. Business registration fees and legal filings will cost you around $280-350, but it's worth it.
    3.) You should at a minimum have business cards, and you should consider having a company logo ironed-onto a nice shirt/hoodie if it's cold out, for the reasons stated in #2. Costs less than $50 for these things. People will be less wary of you and more trusting of your business intentions if you look like you got your stuff together.
    4.) Stocking your machines of course costs some money, and the membership to BJ's/Costco/Sam's Club will cost you $25-55 a year, keep that in mind. Also: You'll need to transport these machines, so unless you want to pay exorbitant white-glove service fees to get them installed to locations, you'll need a trailer-hitch for your car (~$190), industrial hand-truck with 4 wheels ($220-300 unless you get lucky on classified listings), and you'll pay $20 a day to rent a u-haul trailer. In my opinion it is worth it to invest in this capital as soon as you can if you expect to have more than 2 locations at any point.
    5.) Bonus tip: If you're looking for a risk-free way to determine if a particular location would be a good one for a vending machine, get some Honor Boxes (look them up) and ask places if they'd like them placed on their front counter. After a month, you'll be able to learn a lot about the location based on how the box looks. Is there a lot of money in there and the candy's almost gone after 1 month? Good location, ask the owner if they'd like a full-line vending machine there. Is the candy almost gone but there's hardly any money there? Is the box torn open?? Stay away, take your business elsewhere. Too much vandalism, neglect, or too little foot-traffic for it to be worth it. Good thing you found that out BEFORE placing your $1500 machine there!!

    I hope this longwinded advice helped you, and I hope it makes you confident that you can definitely start a business like this with little money. Good luck.

  4. blank

    Would love to see a video when you go to pay in all the $1 bills from the vending machines and the laundromat into the bank…. I bet the bank tellers must really love you when you come in to deposit over 1k in $1 bills!

  5. blank

    Hi I live in dublin Ohio right across the river from the zoo. I have so many friends that own businesses from gas stations to clothing stores all close family and friends. With that said I have the client's for this business and I've been looking into for awhile, Im looking for help starting up. Like I said lots of family with businesses all over columbus just don't have this side of the business. Maybe I could help you with your business..who knows. If you could let me know a good way to reach out to you.
    I really appreciate it. Thanks, Emilio Giavonni.

  6. blank

    Great content. A while ago I saw whobody shaking a machine really hard to get his item. I once actually broke a machine that way (ok when I was younger and stronger). The upshot is consider what to do about potential damage, re insurance and/or alternate plans

  7. blank

    I love that you got a lot of high quality videos and we post similar stuff so I think we have a potential collaboration opportunity if you want to chat. You got me as a supporter and I subscribed to you I would love to support each other Let’s get this started I got some things I wanna share with you. DM me on Instagram @theaustinlewis

  8. blank

    Hey man, new here. I was referred to your channel by a local acquaintance of yours. I'm working on an online retail business, which pays our Bill's and we are planning on scaling within the next few years. I'm interested in getting into the machine gig, but one key I'm missing is where to find the machines. I can close the sales but I've gotta have the product to provide. Any advice helps my friend. I'll be watching more content.

  9. blank

    Buying a device to earn money OR buying MYSELF a toy (TV, game system, etc)….I rather be smart & buy myself something that earned money. Buying gifts for family & friends….OR buying money-maker? That’s a tough call.

  10. blank

    Should we look for a location that needs a vending machine first or get a vending machine and then look for a location that will accommodate it? Thanks for the informative video! I’m glad you highlighted a small town because I live in one 😊

Leave a Comment