Maybe you've watched a few of our vending machine videos and have been interested in
earning a passive income with them after seeing how profitable they can be.
But, you’ve probably been discouraged by the price.
It's no secret that vending machines are pretty expensive.
Some fancier models with all of the bells and whistles can run you as much as $100,000
or more.
Even used, no-frills machines can set you back a couple thousand dollars.
Luckily, if you've been considering investing in a vending machine business but can't afford
that initial investment, this is the video you've been waiting for.
Keep watching to learn how you can buy a vending machine with as little as $0 upfront and start
earning a passive source of income that could even be enough to live off of one day.
Rent Or Lease For $0 Down VendingSolutions.com is one of the most prominent
players in the vending machine industry, and they offer an incredibly competitive deal
to start your vending machine business with $0.
They offer a wide variety of vending machines, including snack and soda machines, frozen
food machines, combo units, coffee machines, and even custom-built vending machines.
While they recommend most businesses to opt for their full-service vending program where
the machines are installed, stocked with products regularly, and maintained at no additional
costs, smaller businesses that don't qualify for or can't afford that program can instead
opt to stock their machines themselves - and this is where you can get a deal.
Because if you choose this route, they offer their customers the ability to buy or lease
their machines with as little as $0 down.
New snack or soda machines can be acquired for $124 a month with a 48-month commitment.
Best of all, they don't require you to make your first payment until 90 days after your
machine is shipped.
This means you have 90 days to get your machine up and running and earning some profits, which
you can then use to start paying for your rental agreement.
When it’s all said and done, you should be able to pay for your machine and enjoy
some profits on top of it with nothing out of pocket.
After a few months, you may even be able to scale this process with additional machines
to earn even more.
This is a great route for beginners because Vending Solutions offers entirely new machines,
so you won't have to worry about dealing with a used model that potentially could be prone
to mechanical failure.
They also provide their customers with free delivery and placement.
Financing Options Vending Machine companies like Allied Vending
and Cheap Vending Machines both offer affordable financing options to their customers who can't
afford to purchase a machine in cash.
Allied Vending is partnered up with payment solution company Klarna to offer their customers
a number of smooth and simple ways to purchase their machines.
You can either split your payments into four interest-free installments, apply for monthly
financing, or opt for Klarma's 30-day payment option.
With all three of these financing options, you'll be required to pay nothing up front
in order to get your new vending machine shipped out.
Even if you don't qualify for Klarma's 30-day or split payment financing options, your credit
score won't be negatively affected since Klarma only ever does what are known as 'soft credit
checks' for these two options.
Keep in mind, though, that if you apply for the monthly financing, they will conduct a
full credit check that could potentially impact your score.
In any case, this is more of a short-term payment solution, so there isn’t a whole
lot of wiggle room if you don’t start making profits out of your machine right away.
So perhaps consider something like the next option.
Cheap Vending Machines offers customers financing with no money down with approvals up to $50,000.
In most cases, applicants are approved the same day without any kind of impact on their
credit scores.
For well-qualified customers, they offer 0% interest for the first 12 months with low
monthly payments.
For customers with less than stellar credit, they also offer financing options designed
to help build and improve their scores.
This is more preferable than Klarna because you have much longer to pay back the machine
at 0% interest, and likely at significantly lower monthly payments.
Plus, all of Cheap Vending Machines' financing options are entirely tax-deductible since
they can be written off as a business expense.
That means it could help you qualify for a bigger refund at the end of the tax year.
Start Small And Grow Your Business If your credit isn't the greatest and you
end up getting turned down for financing, that doesn't necessarily mean the end for
your vending machine business aspirations.
While you might not be able to get started with no-money-down, you can still invest in
something like an inexpensive used candy vending machine and then reinvest all your profits
into expanding your business.
Places like Facebook Marketplace and Craigslist are great places to look for cheap, gently
used machines that are likely well within your price range.
You can then buy candy in bulk either online at Candystore.com or at places like Costco
or Sam's Club to stock your machines.
And if you need a little more direction getting started, we’ve created a whole video on
the candy vending machine business.
It’s not as luxurious as the big vending machines, but it’s an affordable and still
highly profitable place to start off your vending machine career.
You're not going to get rich vending gumballs and jawbreakers, but the profit margins are
really high because it’s super inexpensive to stock machines with bulk candy.
This leaves you plenty of profit to accumulate and reinvest into bigger machines and equipment.
Over time, this could turn into multiple candy machines or even a standard vending machine
making you much more income.
Find A Broken Vending Machine Sometimes, when vending machines break down,
instead of their owners paying to have them fixed, they simply toss them aside and buy
new ones.
Now, you probably don't want to bank on this, but if you literally have zero money to invest
in buying or leasing a new or used machine, you could always scour Facebook Marketplace
or Craigslist in hopes of finding a free busted machine that just needs a little bit of work.
Check out the free section on Craigslist or use the search term 'Free Vending Machine'
on FB Marketplace.
Even if you need to go to another city to find one, it still will probably be worth
your time and gas money if you manage to find one.
Even if you can't find a free broken machine anywhere in your surrounding area, you might
be able to find a machine in need of repair for a drastically discounted price.
The point is, opening your search to damaged machines could net you a great machine at
little to no cost - all you have to do is fix it up.
You can either attempt to do the repair on your own or you could hire a technician to
do the repair work for you.
Some machines only need simple fixes, like cleaning out the money paths, changing fuses,
priming the selection mechanisms, and ensuring that machine is level – as even something
as small as having an off-balanced machine can throw off the entire vending process.
Of course, some machines may require deeper knowledge and more extensive repairs.
Luckily, companies like Camelback Vending and Global Refreshments Technologies have
friendly and knowledgeable experts on-hand to assist you in all of your vending machine
repair needs.
Both of these companies offer their services at around $100 an hour.
They also offer parts at reasonable prices when needed.
If a machine cannot be repaired, they also can assist you in purchasing a new or used
machine if desired.
Even still, picking up a damaged machine and paying a technician to fix it could be way
cheaper than buying that same machine brand new.
And the less you spend up front, the sooner you make profit when the machine is up and
running.
While the price of buying a new or used machine can be a rather significant hurdle for most
aspiring vending machine owners, it doesn't have to be the end of your business if you
can’t afford it right away.
As we’ve shown you, there are a number of ways to start up a vending machine business
for little to no cost, some even requiring $0 to get started.
And there’s no shame in starting small with candy vending machines or damaged machines
until you earn enough to get a fancier unit.
If you’ve got the drive to make it happen, any machine can be profitable and can help
you start making your vending machine dreams a reality.
Be sure to check out our video here on the candy vending machine business if you’re
looking to start small, and be sure to drop us a comment below if there’s anything you’d
like to see in the next video.
Thanks for watching and we’ll see you in the next one.