DiscoverThe Side Hustle Show599: Vending Machines: The Path to Your First Passive Profits
599: Vending Machines: The Path to Your First Passive Profits

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

Update: 2024-03-07
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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.


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  • 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!

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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