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599: Vending Machines: The Path to Your First Passive Profits

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Manage episode 405128161 series 1324446
Content provided by Nick Loper and Nick Loper of Side Hustle Nation. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nick Loper and Nick Loper of Side Hustle Nation or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Tired of trading time for money at your 9 to 5 job? Looking for a way to make passive income with minimal startup costs and overhead?

Then starting a vending machine business may be perfect for you.

The vending machine industry was valued at $42 billion last year and is expected to grow at 8.1% from 2024 to 2030.

Profitable vending machines are everywhere — offices, apartment buildings, gyms, airports.

Wherever people gather, there’s an opportunity to provide convenient access to snacks, drinks, and other bestselling impulse-buy items.

And it’s a great market to get into because it’s extremely fragmented, with vast potential for growth. No national player owns more than 5% market share.

In this episode, you’ll learn:

  • How the vending machine business model works
  • The step-by-step process to go from zero to $1,000+ in monthly passive income
  • Finding ideal locations and signing contracts
  • Buying used machines vs leasing new ones
  • Stocking, restocking, and maintenance procedures
  • Risks to watch out for and mitigation tactics

Full Show Notes: Vending Machines: The Path to Your First Passive Profits

New to the Show? Get your personalized money-making playlist here!

Sponsors:

  • US Bank — Get a 75,000-point sign-up bonus with the US Bank Business Altitude Power World Elite Mastercard, and earn 2X points on everything you buy for your business.
  • Indeed – Start hiring NOW with a $75 sponsored job credit to upgrade your job post!
  • Airbnb - Start an Airbnb business and earn money as an Airbnb Host!
  • This is Small Business Podcast - Brought to you by Amazon, explore the stories of small business owners as they navigate their path to success!
  continue reading

649 episodes

Artwork
iconShare
 
Manage episode 405128161 series 1324446
Content provided by Nick Loper and Nick Loper of Side Hustle Nation. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nick Loper and Nick Loper of Side Hustle Nation or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Tired of trading time for money at your 9 to 5 job? Looking for a way to make passive income with minimal startup costs and overhead?

Then starting a vending machine business may be perfect for you.

The vending machine industry was valued at $42 billion last year and is expected to grow at 8.1% from 2024 to 2030.

Profitable vending machines are everywhere — offices, apartment buildings, gyms, airports.

Wherever people gather, there’s an opportunity to provide convenient access to snacks, drinks, and other bestselling impulse-buy items.

And it’s a great market to get into because it’s extremely fragmented, with vast potential for growth. No national player owns more than 5% market share.

In this episode, you’ll learn:

  • How the vending machine business model works
  • The step-by-step process to go from zero to $1,000+ in monthly passive income
  • Finding ideal locations and signing contracts
  • Buying used machines vs leasing new ones
  • Stocking, restocking, and maintenance procedures
  • Risks to watch out for and mitigation tactics

Full Show Notes: Vending Machines: The Path to Your First Passive Profits

New to the Show? Get your personalized money-making playlist here!

Sponsors:

  • US Bank — Get a 75,000-point sign-up bonus with the US Bank Business Altitude Power World Elite Mastercard, and earn 2X points on everything you buy for your business.
  • Indeed – Start hiring NOW with a $75 sponsored job credit to upgrade your job post!
  • Airbnb - Start an Airbnb business and earn money as an Airbnb Host!
  • This is Small Business Podcast - Brought to you by Amazon, explore the stories of small business owners as they navigate their path to success!
  continue reading

649 episodes

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