Should you start a vending machine business? It sounds like a great side hustle to earn passive income - but you should consider everything before you get started.

00:00 - Intro
0:56 - Why Start a Vending Machine Business?
2:59 - Types of Vending Machines
4:47 - Sourcing Your Inventory
5:36 - Purchasing a Vending Machine
7:23 - Vending Machine License
8:03 - Vending Machine Locations
9:06 - Vending Machine Business Profits


Vending machines are practically everywhere. And while you might walk on by them without much thought or even throw in a couple of bucks to get an ice-cold soda or bag of chips, chances are you probably haven't considered getting in on the vending machine game yourself. Maybe you assume that all of the good spots are already taken or that the initial investment cost might be too high for you to cover, but for those that are looking at starting their own business or are simply wanting to pick up a lucrative side hustle, there is a whole lot to love about vending machines.

If starting a vending machine side hustle sounds appealing to you, we’re going to tell you everything you need to know in this video. We’ll start with why you may want to consider starting this side hustle in the first place, particularly in 2022. Then, we’ll dive deeper and cover the types of vending machines to consider and how to obtain inventory to keep them stocked. We’ll also take a look at the logistics of getting the vending machine, obtaining a license and finding the best location to operate it. Finally, we’ll break down the profits you could make by getting in on the vending machine side hustle.

In the United States alone, there are more than a million vending machines, generating over $23 billion in yearly revenue. Getting yourself a slice of this profit requires no special training or skills, and it can be done part-time, which means it could be a great side hustle to consider.

It’s particularly profitable in 2022 because of the variety of vending machines available these days. While they used to purely offer soda and snacks, vending machines have advanced to offer technology products, ice cream, coffee beverages and even cars. You can now customize your vending machine offerings more than ever, improving your chances of standing out and reaching potential customers.

Furthermore, the startup costs of this venture are incredibly low. Once you've either purchased or rented a vending machine, your overhead costs are going to be pretty inexpensive. You don't need to rent out costly retail space or an office to manage your business. You can easily work out of your garage, basement, or a spare room in your house or apartment. Besides having a vehicle to restock and service the machines on your route, you're not going to need any fancy equipment or machinery to get this side hustle up and going.

Then, after you've got yourself a vending machine or two, you can expand your vending machine business as much as your time and financial situation permits. And once you've got your machines in place, the only duties that you'll need to keep up with are restocking and maintaining your machines as needed. If you can manage that, then the only other thing you'll have to do is collect your money.

When it comes time, collecting your profits couldn’t be simpler. You just collect cash directly from your machines or receive your payments from the card companies that handle your machine’s card transactions.

All of these points mean that operating a vending machine business is not only simple but it also allows for a great deal of flexibility. Families can even handle the operational duties together. You can easily train your kids or partner to help you with purchasing your products, stocking your machines, making bank deposits and keeping track of all of your accounting data.

Besides having a little bit of startup capital or securing some financing to get your business going, really, the only other thing that you'll need is a moderate level of physical fitness. Servicing your machines is going to require you to do a reasonable amount of walking and heavy lifting – depending on the type of product your machines will be selling. But the point is, there are few other side hustles out there that you can start with such low effort.

#SideHustle #VendingMachines #PassiveIncome