Here's what I learned throughout my entrepreneurial journey — and my best advice for anyone who is interested in starting a similar business, said Marcus Gram, owner of a thriving vending machine business.
are all reliable manufacturers. Look to see if there are vending machine warehouses in your city, and on platforms like Craigslist, Facebook Marketplace and eBay.
If you only have room for one machine in a given location, I recommend going with the Crane National 449 Combo Machine, which includes both snacks and beverages. A refurbished machine goes for about $3,500, and a new one can cost up to $7,000.Location is everything. I'm always thinking about places that have a lot of foot traffic. Apartment complexes, hotels, student housing areas and warehouses with a lot of employees are all great options.
A lot of people think there isn't any branding or customer service involved in this business since the machines operate on their own. But that's not the case. When starting out, I spent $30 on a company polo shirt that I always wore, and invested $20 in business cards. I paid for a website and had a business proposal ready at all times in case there was a machine placement opportunity.Some of my best-selling items are Coca-Cola, Red Bull, peanut M&M's, Doritos Nacho Cheese and Lipton iced tea. I usually get them in bulk from wholesalers like Sam's Club, BJ's and Costco.
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