
50c every vend!
Although you can buy second hand for far less, for the sake or an argument let’s say you pay $500 for one machine. If all you earned was $10 a month then you’ll have made a 24% return on investment after one year. That is still very impressive if you compare it to other investment opportunities out there.
Let’s say you buy second hand and a machine costs you $150 and you manage to site it at a high paying location. At a monthly profit of $60 you’d have made a 480% return on investment after 1 year.
Bulk candy machines can be a very good passive income source. Of course they’re not completely passive because you still have to go on site from time to time to retrieve the coins, clean the machines and restock them. But as you only really need to do this once every couple of months, I would consider it to be a very good passive income source.
Setting up a business usually takes a lot of time and a lot of money. If you already have a full time job it’s probably going to be very hard for you to find enough time to invest in such a venture. Bulk candy vending is great because you can start small and work your way up. Begin by buying a couple of second hand machines, this will only cost a few hundred dollars once they are placed on locations it’ll only take a hour a month to service them. As the profits come in you can re-invest them back into the business by buying more vending machines.
Because these machines don’t take in a lot of money compared to fully fledged electronic vending machines, just loose change, businesses are usually happy to have the machines on site and simply allow 10% of profits
to be donated to a local charity. It’s a win-win situation, you can avoid paying the business any rental space costs and the business can donate to a local charity without actually paying any money.
Do you like M&M’s, Skittles or gumballs? If you’re operating you’re own bulk candy business then you’ll be bound to have more than you can eat. Of course I’m only talking about those ones that ‘drop on the floor’.
Warren Buffet never invests in a business which he doesn’t understand, and nor should you. Bulk candy vending is so simple a child could start doing it. Which brings us to point seven…
Bulk vending is great to run as a family business. Restocking and cleaning is the perfect way for your children to earn pocket money
Who doesn’t right? If you turn it into a full time business and leave your day job, you’ll suddenly find yourself with a lot more time on your hands. If you are efficient in the way you run things you’ll be able to take weeks off at a time while your little machines will keep churning through the coins.
Maybe you’ve got a fantastic idea for a business, or you want to make a career out of doing what you love but haven’t sorted out where the money will come? Or maybe you are working long hours in the office and you’re missing priceless time with your family.
As long as you’ve got a full time job you’ll find yourself unable to invest the time an energy needed to get where you want to be. Why not start a bulk candy business? As explained in point three, you can start small until you build it to the point where it brings in enough money to cover your living expenses. At that point you’ll be able to take the leap of faith, leave your job and spend more time doing what you’re passionate about.
Comment by Paul
4 January 2010
I’ve started a small vending route for the exact reasons above. Check out my progress at: Gumballvending.wordpress.com