Gumball Machines For Passive Income?

50c every vend!

Business and entrepreneurship have always been a passion for me. Unfortunately as I’m currently working up to 50 hours a week climbing up the corporate ladder I just don’t have the time at the moment to put any of my ideas into action.

I could quit my job, but with a mortgage and baby on the way, and with the state the economy is at the moment, I just don’t see it as being a responsible thing to do. Last year I started a health and fitness blog in the hopes that it would build up to the point that it would eventually become a money earner and give me a door out of the corporate world of more hours for more pay.

That blog still exists but unfortunately I didn’t have enough time to invest in it to get it over that tipping point. I figure I’d need at least 2 hours a day and with only 1 and a half free nights per week I just haven’t been able to focus enough of my energy on it.

What I need is to build up a more passive form of income.

Near the end of 2008 I came across the blog Genius Types by Brian Lee. One of the topics covered in that blog is passive income. Brian reminds his readers that no income is truly passive, it always requires some amount of involvement whether it’s stock investments, real estate or domain name trading – they all require a certain amount of work.

For most of us, buying a rental property is the best form of passive income. You buy a property, take in rent covering the interest on the loan and wait until you can buy the next house which allows you to snowball the passive income.

Unfortunately rental properties do actually require a lot of investment. There is also an amount of risk and, depending on where you live, it can be a bad investment. At my present stage in life, I really don’t want to have another mortgage on the back of my mind.

So what is a better form of passive income for people like me? Bulk candy machines.

Bulk candy machines you say? Why not proper vending machines – surely they would make much more than a simply coin operating gumball machine? Yes they would but they would also demand a lot more attention than a simple bulk candy vending machines.

With a bulk candy machine I figure I’ll be able to make about minimum $0.50 per vend. If I manage to place

the site at a location that gives out 1 vend a day then I’m making a profit of $15 per month. Multiply that by 12 months in a year and I’ve got an annual profit of $180. Let’s say I pay $300 for the machine (you should be able to get machines for a lot less than this) then the return on investment is 60%.

Does a 60% return sound good? It certainly does for me, which is why I’m investigating this further!

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