2-Day Workweek Earns $700K - Vending Machine Business
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Published 2023-04-12
Learn step-by-step how to start your own vending business with Adam: hubs.li/Q01L50w40
One of the great things about the vending business is its low barrier to entry. Adam didn’t have any experience before he started, and you don’t need a ton of money to get into the business, either.
In Adam’s case, he had the financial resources to buy an entire route, but there are other, lower-cost options for entrepreneurs with smaller budgets. He’ll talk through the startup costs for a new vending business, along with his strategies for evaluating and acquiring vending locations with high revenue potential.
When Adam started out, he was a solo entrepreneur. He’s added people to his team as his business grew, allowing him to get off the truck and spend more time on sales and managing his company. We’ll find out when he knew it was time to grow his team, as well as the systems he used as a solo operator to manage his workflow and ensure all of his machines were serviced efficiently.
Getting the right machines is the first step to starting a successful vending business, and Adam will explain the types and brands of machines he prefers and why. He’ll also talk about where he gets the snacks and drinks he stocks in them and how he chooses the right items to ensure consistent sales. If you’ve ever wondered how to start a vending business, or how much you can make doing it, you’ll get the answers to your questions in this video!
Resources
hubs.li/Q01L50w40 - Course by Adam Hill
www.upflip.com/academy - Start, Build & Grow Your Business
www.upflip.com/blog/how-to-start-a-vending-machine… - More advice on how to start a vending business on the UpFlip blog
www.upflip.com/equipment-list - UpFlip's Premier Equipment List
Timestamps:
00:00 - START
00:42 - Introduction to Adam
02:01 - Warehouse tour
02:53 - Revenue and profit margins
03:21 - Building a team
04:26 - Common mistakes
05:41 - Machines and locations
06:19 - Growth strategies for small vending businesses
07:46 - Vending bootcamp
08:55 - Supplies and inventory
09:58 - Early lessons learned
10:29 - Machine repair and maintenance
11:05 - Buying routes
12:02 - Controlling costs
12:39 - Where to find routes
13:50 - Choosing locations
14:45 - Best machines
16:17 - Identifying viable locations
18:20 - Fan Blitz
20:33 - Securing accounts
21:58 - Financing options
23:23 - Pricing strategy
25:08 - Sales kit overview
25:36 - Machine brands
26:13 - What customers want
27:44 - Credit card readers
28:47 - Servicing machines
29:37 - Choosing inventory to stock
30:32 - Top advice for new vending owners
31:12 - Outro
#vendingmachinebusiness #vendingmachine #howtostartavendingmachinebusiness
All Comments (21)
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Learn step-by-step how to start your own vending business with Adam: hubs.li/Q01L50w40
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I had 120 soda and snack locations in the 80’s. The biggest issue, other than employees, is the low barrier to entry. The best locations see the money coming out of the machines and decide to put their own machine in.
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The vending market is extremely saturated and very few people will have this guy’s success.
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Bought Adam’s Course a year ago and it did nothing but made me grow into a very profitable living for my family and I. The dude is honest and very intelligent
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This guy is legit, humble, no ego, and sharing his business tips with the rest of us.
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Definitely the best video so far doing my research no negative or deterring information honest informational and inspiring 🤙🏽
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He seems like a very transparent Down to earth man❤thanks for this
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I’ve been a route driver for a vending company for 2 years now I love the business I love working and fixing the machines it’s my passion
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Love the in depth info
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I own 22 vending machines and i have them on heavy foot traffic manufacturing warehouses the cheaper the product the more u sell Every other day i have ti fill up ..more work more dinero🤑
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This is gold. Keep them coming 👏👏
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I bought a combo vending machine a few years back before Covid I haven’t done anything with the machine. Thank you for this video I will try my best to start my vending business!
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Thanks so much for sharing. I've been seriously thinking about the vending business.
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I had one buddy that made like 1500 a month off a machine in a small village like town with only a dollar general there. He would tape a 5 dollar bill to a few cans in the machine that said winner on the can. It worked pretty good
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This was so incredibly informational and it was free! I can't imagine how much info is in the boot camp.
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Great job. I appreciate how informative and professional things were produced. Thank you
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This dude is brilliant and loves what he does… 🔥 episode
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Great episode and Lots of great information/value here 💯💯💯
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my name is Joshua Jesse Owner & operator of A power washing company I.E AGUA-WASH & your channel changed the trajectory of my life!Specifically the video on Northwest Soft-wash, i will within the next few years be featured on this channel!Thank You!
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Awesome video, great opportunity to grow. Love helping business grow their revenue trough private funding!!!
