How Much My 3 Vending Machines Made in 1st Month

This video will show how much my 3 machines made in approximately 1 month and about a week and 1/2. Thank you to everyone who showed love on my last 2 videos, and I appreciate the patience as I've had 1,000 things going on. I promise I'm still going to get to those videos you guys requested. Please check out this video and see how much I was able to make in one month from my 3 machines, and leave any love or questions in the comments!

- Timestamps -

00:00 - Start
00:49 - First Location (U-Haul)
01:10 - Snack Machine Money
02:34 - Drink Machine Money
04:10 - U-Haul Machines Cash Total
05:00 - U-Haul Card Readers Total
06:49 - U-Haul Recap and Full Total
07:21 - Second Location (Senior Living Facility)
08:19 - Snack Machine Money (2nd Location)
09:13 - 2nd Location Total
10:17 - Adding it all Together
10:43 - All 3 Machines Full 1st Month Total
11:10 - Recap
12:02 - 1st Month Issues I Encountered

[LewSidRaps]

Ask any and all questions in the comments I'll do my best to answer. Hope you guys enjoy it ✊🏾✊🏾💯

[NasTwice]

Great work ! I suggest you drop by the senior home facility during the day (if possible) and ask around to the elderly what kind of snacks they like. Stocking the machine around their tastes will boost the sales. Hoping for the best for your business.

[Ridingwithken]

I'm a semi truck driver and my wife wants to start another business. This looks totally doable. Thanks for the video.

[lxnny]

Good video but some things that you’re missing that I’d be curious to know:
1. How much it costs to buy a machine (apparently $1.5k - $5k per machine)
2. How much gas you spend restocking (probably at least a couple of gallons of gas going to and from machines)
3. How much it costs to restock (I’m guessing you’re buying in bulk so this may not be super insane, but it’s a non-zero cost none the less)
4. How much you lose on card reader payments for the processing fee (probably around 2%)
5. Tax considerations
6. Accounting for losses and damages to the machines along with maintenance (e.g. if you insure the machines)
7. How much time you spend managing the business (you called this passive income, but managing a vending machine business is not passive—you spend time in transit, time buying products, time spend researching snacks to put on sale, time spent servicing and repairing machines, time spent running the money). When you think about your cost, you also have to factor in your cost of labor at least at minimum wage to estimate your loss in income due to labor.

Overall, I suspect your cost on that income is probably around like 30-40%, so you make closer to like $500-$600 on that money. However, since you bought the machines you probably aren’t profitable for the first 6-24months since you’re paying back your initial investment. If I assume you bought your machines for $2k average, and your net income is about $500, it will take you a year to get profitable—worst case up to 2.5 years.

[Zaxx]

Just got my LLC built through ZenBusiness. Looking at a few used machines. Got a few locations contracted. Can’t wait to see how it goes!!!

[Jaime_Lee_]

I just brought a machine last night ❤ been talking about it for some time this is the IM GETTING IT DONE THIS YEAR while at work I’ll be making money

[EliteBeast]

This is genuine YouTube content. Nice work man. Keep it up

[Reesewentlegit]

need more videos like this, im 16 and plan on getting a vending machine for my 17th in may and really appreciate all the knowledge yu putting out here

[willyjoerockhead]

I used to buy food and drinks from vending machines at work and it amazes me how they never stock items that sell! Everyday at work i was buying the pineapple Jarritos. after i bought the last one they stocked it with some other generic- it has just sat there for month. I now go to the 711 before work to buy my drinks. Just keep in mind when you buy a vending machine that you are buying yourself a job. It's not where you just stock up a machine and hope nobody will buy anything to where you need to come back and stock it. I would also buy the Cokes when that was stocked and they would never add Coke when that sold out.

[donnajones-odqs]

Congratulations on your baby son..Best of luck on ur business. Wonderful

[exantusdayinalife]

I’m grateful for this series, it’s inspiring

[darlenesgembox]

Congratulations and thanks for sharing. I plan to start in the new year. Saving up so I can be debt free.

[Bananas-ktnx]

Congratulations on becoming a father. A father who will prosper and provide. Keep trucking brother. 💪

[joetorres]

I was hoping that out of the money you got from the machine, that you would break down the costs of the product to actually see net profit how much you made. Great job for your first month, very inspiring and hoping to see more growth for you as well!

[Jarro]

You're a serial entrepreneur. Keep up the great work. Very inspirational.
I just came across your channels a week ago with the fried rice song and skits. You could definitely do well creating skits and ads on tik tok and shorts for companies. I think that's a niche for you and you already have a great brand to leverage.

[timcooke]

Do not let the negative comments drag you down. You are taking steps to make a difference in your life. Congratulations on the new business and the new baby.

[BlessedandBrilliant]

I’m starting this month and I’m praying for a first successful month/year 🙏🏾 congratulations 🎉

[KUTZUM]

Much respect for your hustles music, machines i fucks with people who be working hard for theirs 💯💯

[davidlight]

Thanks for sharing. Congrats on your new baby.

[sfaKiNGbEaSt]

Solid video! It'd be cool if you did a video breaking down your net profit (gross minus expenses, COGS, etc.)