Second incomes

Pic related is $100 brand new. Capable of holding 360 1” Gumballs and $150 is quarters. A bag of 1080 count .92 Gumballs is $40. That’s $270 worth of Gumballs at $.25 a piece. Locate businesses and offer them 10-20% of your take. Set up a few of these for some sweet side income.

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Let me know how yours is doing OP, like where did you set it up? What business? City? What exact location? Did you have to bolt it down? How easy is it to open without the key? Where do you keep the key and where do you live?

Just curious before I try to get involved myself.

Southeastern United States. Have one in a barber shop, one in a laundry, and one in this hippy clothes store. I only have gumball machines at the moment, but my next purchase will be a soda machine. I don’t have any of them bolted down because they are in reputable businesses.

Startup cost is low. Refills are cheap. I recommend getting .92” Gumballs instead of 1” balls. They cost the same, but .92 are sold in cases of 1080 while 1” balls are sold in cases of 850.
gumballs.com/1080-count-gumballs.html

How much do you kick back the business owner? A percentage? Fixed fee?

When previous thread was up I learned the average gross per head is $7 a month across properties.
Lets say you make 20c profit per vend from a 4c gumball, and 10% revshare, for a net of 18c per vend. You need 555 vends to break even on hardware.
Average head is 28 vends a month if $7 gross average or a roughly 18 month b/e schedule.
Are you making more than $7 gross a month? And how often do you go collect?
This sounds interesting esp if you had ~100 locations.

I do 15%. Each machine can hold $90 of product at full capacity. That’s $13.50 a refill for the business owner. I don’t let my machines get empty so I usually pay about $40-$50 a month to each business owner. It’s stupid easy side work. It takes about a minute to refill and empty the coins.

I see a lot more than 28 vends a month. Especially at the laundromat where people are flush with quarters and usually have kids with them.

Oh shit wow ok, $50 @ 15% revshare is ~$330 gross. Nice.

To answer your other question, I fill up pretty regularly. I live within a few miles of all of these locations. I just pop by and top them off. I usually collect weekly. I had some extra cash laying around and decided to get a few of these machines. I just googled local businesses and copy pasted an email asking to place my machines with them. It was comically easy to get these three locations. I’d really like to expand.

In Japan they sell beer from vending machines
You could make good money putting those near parks hotels and student living areas

bump for a good thread

Sell CBD instead

bump for non-btc thread
have you dabbled in the idea of a machine that has toys in capsules? im partial to the idea of non-perishable goods

As far as i know they are not as profitable at all.

Do you know the owners of these places? Did you have to draft a contract? The potential lawsuit(s) from kids getting their hand stuck in there is a big putoff for me, but I'm intrigued. Nice thread and good work.

I was also very curious about this. Do you think it’s profitable to have 100-1000 locations? Like actual business to support yourself with

Good shit boss.
I'm looking at doing something similar myself but with stationary vending machines at schools and universities.
Might start with some gumballs just to see how it goes

What’s my liability if some kid chokes on a gun all or like gets his fingers stuck in the mechanism or somehow crushes himself with the whole machine. I’m very interested but I’m just a little wary of any kind of liability.

Should be the shop owners liability as its in their shop

Gum ball* I am phone posting. No bully.

Is there even a liability? Would them willingly giving you money for the gum ball be a form of unspoken contract that they accept the risk? And if they hurt them self while trying to steal or knock over the machine that would be their own fault right?

Whenever I see them I always ask myself if they actually sell the gums.

So, are they, OP?

Man up and start installing BTC ATMs, OP.

Practically none unless your machine was faulty

could you diy a bitcoin atm?

>push it over
>it breaks
>OP is out of $100

So what is your profit margin on each machine per month?
Is it ~300 as another user calculated?

If you're talking about handling the security end of it no. Definitely not. And I guess they'd suck out all your profits if you subcontracted it.

Passive income and sweets specialist Dallas Housington here! AMA!

Sweets specialist?
As in vending machines?

Im trying to get a realistic figure to work off for a gumball machine in a busy hairdresser or similar

Don't set it up in shitty neighborhoods