What’s a vending machine side hustle?
Looking for a low-risk side hustle to supplement your full-time income? Try vending machines! Vending isn’t just snacks and drinks anymore. In the right location, it’s hugely profitable with minimal time invested.
Investing in a vending machine
Launching a vending machine business as a side hustle is like unlocking a treasure trove of nostalgic memories, whether it’s dropping a quarter in and watching a gumball spiral down or desperately flattening a crumpled dollar bill against your jeans to snag that poolside snack. We’ve all had those frustratingly fun vending moments. From angrily shaking a machine that ate your money to celebrating when it finally coughed up your chips—vending machines have been part of our lives for years.
But here’s a twist—what if those same machines that once toyed with your patience could now become your cash cow? In the right hands and with the right location, vending machines can be wildly profitable with minimal effort. So, whether you’re hunting for a side gig or thinking about quitting your day job, vending machines could be the secret weapon to your financial freedom.
Here’s a seven-step plan to get you rolling—minus the shoulder-shoving.
Step 1: Research the Market and Define Your Goals
First, you need to scout the lay of the land, vending-style. Think back to those moments when you stood before the machine, pondering whether to go for the salty chips or the chocolate bar. Instead of choosing your snack, you’re figuring out your target audience. Who’s going to be standing there? Office workers? Students? Gym-goers?
Ask yourself: Are you in this for some fun side income, or are you gunning to replace your 9-to-5?
What kind of products excite you? Are you passionate about selling snacks, drinks, beauty products, or tech gadgets? (Yep, people are buying high-end headphones from vending machines today.)
This is more than just plopping down a machine in any old corner—it’s about finding the sweet spot. Think about places with high foot traffic but limited access to quick snacks or necessities. Apartment complexes, hospitals, and laundromats are all prime real estate.
Step 2: Choose Your Vending Machine Type and Products
The days of vending machines being restricted to soda cans and candy bars are long gone, friend. We’re talking about a whole new era of vending glory. From CBD-infused snacks to tech accessories, the sky’s the limit.
Here’s your vending machine shopping list:
- Snack and Drink Machines: The classic combo—like the PB&J of vending.
- Healthy Vending Machines: For gyms and schools where folks count calories but still want the convenience.
- Bulk Vending Machines: You know, the ones with gumballs and little trinkets that kids beg for.
- Specialty Vending Machines: Think beauty products, CBD treats, or high-end tech. Ever seen someone buy luxury lipstick or earbuds from a machine? It’s happening!
You’ll need to match your products to your location. Stock protein bars and energy drinks if your machine’s in a gym, or pile up the caffeinated sodas if you’re in an office building.
Pro tip: never underestimate the power of sugar and caffeine during that 3 p.m. slump.
Step 3: Secure a Prime Location
If vending success had a motto, it’d be “Location, location, location!” (Okay, maybe “Snack Attack” works too.) You want your machine in a place where people are already making quick, impulsive purchases. Schools, offices, and gyms are jackpot locations.
Some of the best places to park your machine:
- Schools and Colleges: Students are snack monsters, always hunting for something quick between classes.
- Hospitals: Waiting rooms and staff lounges are vending machine goldmines.
- Gyms: Protein bars and electrolyte-packed drinks will fly off the shelves.
- Offices: A caffeine-laden snack machine is a shrine for weary workers who need an afternoon sugar rush.
Just make sure you negotiate a fair deal with the property owner, whether it’s a flat fee or a percentage of sales. A great location will pay off in droves.
Step 4: Purchase or Lease Your Vending Machines
Ready for the fun part? It’s shopping time. You’ve got two main options: buy or lease.
- Buying: If you’ve saved some cash, this route gives you full control. New machines can run anywhere from $1,000 to $5,000. Pricey? Yes. But remember, these are the workhorses that’ll make money while you sleep.
- Leasing: Not ready for the upfront cost? Leasing can be a more budget-friendly option. It’s like renting a machine—lower initial investment but monthly payments.
You’ll also want to ensure your machine is ready for the 21st century. That means accepting credit cards and Apple Pay and maybe even having a nifty screen that shows product details. We’re in the age of convenience, after all.
Step 5: Stock Your Machine and Monitor Inventory
Stocking your vending machine might feel like that moment you’ve been waiting for—the anticipation of what people will buy. You’ll need to be strategic, like flattening that stubborn dollar bill to feed into the slot. Start by stocking up in bulk from Costco, Sam’s Club, or BJ’s.
Pro tip: Track your sales and adjust based on what’s flying off the shelves. If no one’s touching those granola bars, but the energy drinks are selling like hotcakes, you know what to do. Swap it up and keep things fresh!
Also, never let your machine look like it’s been hit by a zombie apocalypse. Empty shelves and expired snacks are vending machine crimes. Keep your inventory full and fabulous.
Step 6: Set Up a Maintenance Routine
Remember when you wanted a bag of chips, and the vending machine just stood there mocking you? Don’t be that vending machine owner. Regular maintenance is key to keeping your machine in tip-top shape.
- Restock regularly: Create a schedule based on how fast your products sell. Some machines might need weekly attention; others can go longer.
- Clean your machine: Nobody wants to touch a grimy machine. Please keep it clean and welcoming.
- Fix issues fast: If your machine breaks down, fix it ASAP. Customers don’t have time for a broken snack station, nor do your profits.
Step 7: Track Your Finances and Scale Up
Running a vending machine business is like waiting for that perfect gumball to roll out—if you’re not tracking your numbers, you’ll be left empty-handed. Keep a close eye on:
- Cost of Goods Sold (COGS): What’s your total inventory cost?
- Maintenance Costs: These factors factor into the expense of repairs and cleaning.
- Revenue: Track daily, weekly, and monthly sales to know which machines are making the bank.
Once you’re in a groove, consider expanding your empire. You don’t want just one lonely vending machine out there. Find more great locations and watch the cash flow.
Bonus Tips for Vending Machine Success
- Think outside the snack box: Vending machines aren’t just for food anymore. Think beauty products, CBD, or personal care items. There’s even a machine selling… wait for it… socks! Yes, really.
- Go cashless: Customers love the convenience of using credit cards or Apple Pay. Keep up with the times, and they’ll keep coming back.
- Prime locations equal prime profits: A vending machine in a busy school or office can make you serious cash. Don’t be afraid to dream big.
Conclusion on Starting a Vending Machine Business
Starting a vending machine business is like watching that gumball spiral down toward your outstretched hand—exciting, rewarding, and full of potential. With just a bit of effort and these seven steps—researching, choosing the right products, finding the perfect location, securing your machine, stocking it smartly, maintaining it well, and tracking your finances—you’ll be on your way to vending victory.
So, go ahead, drop that metaphorical quarter in, and watch your vending business swirl into profitability.
For more ways to have more money:
Read the full article here