Vending machines are a billion-dollar industry overall. On average, they earn $35 a week and over $400 a month. How much a vending machine makes depends on its type and the location it is set up in. If placed in a busy street, gym, or hotel, it can bring in hundreds of dollars each day, but if placed in a dusty, empty Laundromat or an old apartment building it can only make up to a dollar each day. A vending machine is a very profitable business option with profits of $200 monthly on average. ..

Types of Vending Machines Business

Vending machines are based on the type of product they offer. Different machines generate different revenues for the owner, depending on which product is used more. This can give a higher profit for the owner.

Beverages and food Vending

The vending machine food and beverage market is expected to grow by 2.4% in 2019, according to a report from MarketsandMarkets. This growth is due to the increasing popularity of junk food by consumers and the rapid change in lifestyle. The market is expected to reach USD 1.84 billion by 2021, according to the report.

Specialty Vending

These vending machines are often placed in areas that may not have one of these products accessible nearby, hence, putting the spotlight on the vending machine. These machines may not generate as much revenue as food and beverage vending because they have limited and specific products to offer that may only be used in certain situations by a specific age group, restricting the number of customers. ..

Bulk vending

The machines that stock gumballs, stickers, toys, etc. are typically low-maintenance and do not require electricity or batteries to run. They are often used by shopkeepers as an attraction to their customers in the form of entertainment, for them and their children while simultaneously producing a profit of $30 a month for them. ..

Are Vending Machines a Viable Side Hustle?

Vending machines can be owned by anyone of any age and qualification. Vending machine industry is one of the best ways to start your journey as an entrepreneur. You can start with an investment of as little as $2000 and by selecting a perfect location for your machines, you can earn up to $ 400 a month. It can be a great weekend side hustle or an interesting new way to expand your portfolio, especially if you are a student and don’t have much time to give. Vending machines only require a visit once a week or two to stock products and get your money.

Vending machines are a popular way to make money. They are easy to set up and can be used in busy areas or areas with a high population density. The location of the vending machine is important, as it will increase the chances of people coming into your business and buying your products.

-A grocery store -A convenience store -A department store -An amusement park

If you are still confused about where to place your machine, you can always change its location if you don’t see a profit coming your way. However, keep in mind the cost of transportation when deciding where to place your machine. An average vending machine weighs 400-900lbs when it’s empty. ..

Conclusion

Vending machines can be a successful business for their owners, depending on how well they are managed. Some machines make more money than others, but all of them require some effort and patience to see results. ..