In previous posts we have talked about the vending or vending machine business. Today we will expand in greater detail about the gumball machines and their advantages.
This is how the gum vending machine business works
To start, this is a low investment business Because the machines in their simplest versions have an investment cost of no more than US $ 100 and you can start it with just one and gradually grow.
You put the machines in places where kids hang out, such as bookstores, shops, internet cafes, bakeries, schools and anywhere your potential market is.
The business model is actually very simple because it is enough that once a week you check that there is enough product in the machine and withdraw the cash entered, which will not take you more than a couple of hours depending on the distance where you have located your gumball vending machine.
Is a business with potential It can generate an average profit between US $ 40-80 per month depending on the location. If you multiply this by 2, 5 or 10 machines, then you can appreciate your income possibilities.
Furthermore, it is a excellent business because it works as an asset. If you remember the concept of Robert Kiyosaki, it means that it is money working for you without you having to be present because you do not need to dedicate 8 hours a day for this “little” income generator to work.
Finally, if you are interested in expanding, there are double, triple or more gum vending options to offer different product options to your customers.