27. Vending Machines
The vending machines are possibly the easiest money-making appliances that you can ever find. It’s cheap to start a business. For instance, a used soda machine will cost you between $800 to $1,000 and a used snack machine is going around $1,200. Or else, if you desire to get a new machine, for each of these types they are going at between $2,000 to $4,000. After getting the machines all you need is to find the right place where you can put them. The initial stock will not cost you that much and you. It will just be a waiting game as you be preparing cash out at the end of a week or weeks. The secret to this business is finding the appropriate place to put the machine. You need to put them where the demand will be in high demand to maximize your earning potential. You may need to pay a few dollars to the owner of the place to get you a good space for your vending machine.
Once you are in business, on a regular basis you will require to buy more products to refill the machine. Transportation costs have to be considered and regular servicing of the machines. These activities require more of your time and energy. It involves buying, transporting, and reloading the products which can sometimes be overwhelming. In some cases, you may have to pay between 5% to 10% as a fee for renting the area for the machines. Expect to make around $50 a week for one vending machine that is strategically placed. If the place gets a lot of people that are seeking some refreshments, the amount can get higher than this. The returns are even higher if you have bigger and more vending machines that are well placed.