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How to start a Vending Machine Business from scratch
Rating: 4.3 out of 5(8 ratings)
32 students

How to start a Vending Machine Business from scratch

Starting, scaling and maintaining a Vending Machine Business
Created byJacob Wood
Last updated 3/2024
English

What you'll learn

  • How to start a vending machine business from scratch
  • How to scale your route
  • Things you should know before starting
  • Mistakes to avoid

Course content

1 section10 lectures45m total length
  • Introduction1:30
  • Getting started7:45
  • Once you have your first location7:17
  • How to scale7:14

    Scale your vending business by prioritizing referrals, using the vending exchange and Facebook Marketplace for leads, and leveraging warehouse delivery and warranties to secure locations.

  • How to secure high ticket locations2:31
  • Necessary Relationships5:48
  • Drink machine or Snack Machine?4:44
  • Baseline needs for a good location2:12

    Assess locations by targeting about 50 daily passers, verify employee counts and customer flow, ask discovery questions about past machines and competition, and prioritize steady foot traffic.

  • How big can you take your operation be?3:20

    Grow your vending machine operation by prioritizing high performing locations in big cities, and trim underperformers as you scale to 20+ machines for strong monthly sales.

  • Final Message2:59

Requirements

  • An open mind.

Description

Learn to launch your Vending Machine Business from someone who built up their Vending Machine route starting with just 1 machine.

Over the span of the program, participants delve into the intricacies of this lucrative industry, learning everything from initial market research to operational strategies.

Whether you're a budding entrepreneur seeking a passive income stream or an established business owner looking to diversify, this course empowers you to turn vending machines into a profitable venture, one snack at a time.

Through interactive sessions and case studies, attendees gain insights into selecting the right locations, negotiating contracts, and optimizing product selection to maximize revenue.

The course will be broken down into the stages building up a route starting with how to land your first location. From there you will learn: what a good location looks like, when is it okay to offer a commission to the property, which relationships are important, and different ways of finding locations.

This course will cover at a high level the intricacies that most only learn by actually owning machines. From good moves, to bad moves. Do's and don'ts. This is a good avenue for those that are looking to make the first real step into the vending machine business.

Who this course is for:

  • For people that are curious about what the steps to starting and succeeding in the vending machine business are