9 Reasons You Should Consider Starting Your Own Bulk Candy Vending Business
50c every vend!
1. How does 480% return on investment sound?
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.
2. Do you like the thought of earning money without having to do anything?
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.
3. Do you want to start a business but don’t have enough time?
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.
4. It will help contribute to a local charitable organization
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.
5. You’ll have an endless supply of cheap candy for your snacking pleasure
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’.
6. It’s an uncomplicated way to invest your money
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…
7. Make it a family business
Bulk vending is great to run as a family business. Restocking and cleaning is the perfect way for your children to earn pocket money
8. Do you like holidays?
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.
9. It can be your means to an end
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.
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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
Comment by CJ Coffey
17 July 2010
I’m a former radio announcer/copywriter for 15 years. I then passed the test for “correction officer” State of WI, from 96-98 I was hurt on the job, became disabled, qualified for SSDI. After a long period, being a client with WI Dept. of Vocational Rehab unable to secure me a p/t postion in radio, I made a proposal, to start a home-based bulk candy vending business. The machines would come from Vendstar Vending, Deer Park, NY on Long Island, which is where I’m from.
I developed a unique business plan, company name & logo. My plan was accepted by the state and I was supported with 7 machines, very attractive and professional. I have a hand full of friends who are owners/merchants in our community of businesses and interested in placement of at least 2 (3) cannister machines. The machines are full coded and ready for placement, but the involvement of having or not having, what we’re told a “Charity Organization” for placement is confusing us as well as the merchant. Some merchants want to be paid that 10%-15% for themselves, others really don’t know exactly want to say. This might cause placement to be a little difficult.
What advice and or support can I get from this site. We have no website as of yet.
Thanks, Chris Coffey