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March 7th, 2024

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

  1. 599: Vending Machines: The Path to Your First Passive Profits Nick Loper of Side Hustle Nation 47:28

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!

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Nick Loper Chief Side Hustler

Nick Loper helps people earn money outside of their day job. He's an author, online entrepreneur, and host of the award-winning Side Hustle Show podcast, which features new part-time business ideas each week. As Chief Side Hustler at SideHustleNation.com, he loves deconstructing the tactics and strategies behind building extra income streams.

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