- Business and Employment»
- Small Businesses & Entrepreneurs
Starting A Candy Machine Business On $50
Why A Candy Machine Business?
When I first started experimenting with earning passive income from vending machines I bought soda, snack, and candy machines.
The soda machines were expensive to buy but I figured I would make it up by the income they generated. The problem was that they had to be refilled everyday, required electricity, and weren't generating enough income to justify the effort.
The snack machines were also expensive to buy, took up a lot of space, and the snacks got old quick. It was also very hard to find businesses that had the space to put them. I wrote off this vending machine business as well.
My candy machines cost little, required very little space, and only needed refilling every few weeks. Store owners didn't mind the small space being used and received a nice profit with no work required from them.
This was the moment I realized that this is one of the best businesses I have ever owned and the rest is history.
Creating Passive Income
You don't have to spend $100's or $1,000's to start your candy machine business. You can start out with one machine for under $50.
A great way to get candy machines cheap is through craigslist. You can place ads as a candy machine buyer. Never offer more than $50 for a used candy machine. You would be surprised at how easy it is to get used candy machines since many people are too lazy to place the machines in a business location.
Normally there are 1-3 head candy machines for sale. Obviously the more heads on the machine the easier it is to make money since you can sell multiple types of candy. The more heads the better.
The hardest part of the candy machine business is finding business locations to place them. If you know what your doing it is not that difficult. You can place ads in local newspapers or online advertising that you are looking for businesses that want to make extra income.
If you don't want to place the machines yourself you can hire a Placer. This person will locate businesses around your area that are willing to place candy machines in their business. The placer normally charges a flat fee for each location found.
All you have to do is put the machine in the business and stock it with candy. It helps to establish a relationship with the manager or owner of the business.
How To Start A Candy Machine Business
Once your candy machines are in business locations you should check them every two weeks. Some machines will require a complete refill while others will not. As you learn the normal buying patterns of each store you can estimate the appropriate refill times.
Now all you have to do is collect your money and grow your business through buying ore candy machines. You can further increase your income through experimenting with different types of candy to find out which sell best. Every location had a different type of consumer so your candy will appeal to various markets.
There is much more to this business but this is the very generalized process of it. Good Luck!