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