Latest news with #vendingmachines
Yahoo
10 hours ago
- Business
- Yahoo
Graham Stephan Shares A Story Of A Guy Who Makes $300,000 Per Year With Vending Machines: 'It's Not Bad'
It's incredible how many different ways you can make money, and financial guru Graham Stephan was impressed to hear that someone makes $300,000 per year with a vending machine business. He proceeded to compare it with real estate, explaining that vending machines generate cash flow without having to worry about tenants. Stephan pointed out that each vending machine has to be maintained and that a business owner likely has to restock the machines every one to two weeks. "It's not bad," Stephan said while expressing approval for the business model. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Maximize saving for your retirement and cut down on taxes: . You don't have to invest in real estate to generate cash flow. Vending machine businesses may be right for you, and they are easier to build if you're on a budget. You don't need a lot of money to buy a vending machine. The price of a good vending machine ranges from $2,000 to $10,000, depending on whether you want an old machine or a new machine with the most features. Then, it's a matter of stocking the shelves with the initial inventory. Once that inventory performs well, you can proceed to buy more inventory and reinvest the profits into additional vending machines. You'll also have to contend with some legal registration fees and franchise fees. The location fee is also a factor; this fee usually represents a percentage of total sales, typically 5% to 25% of that machine's revenue. Most commission arrangements are on the lower end, but the location plays a big factor. This is a great business model since the owner of the location is financially incentivized to promote the vending machine and keep it in good condition. The business owner who puts your vending machine in their area will want the machine to do well since it translates into more revenue. Trending: Invest where it hurts — and help millions heal:. There's a lot less pressure with finding your first profitable vending machine location than there is to be profitable with your first real estate investment. The relatively low cost of vending machines makes it easier to scale, but naturally, you still want to be profitable with every vending machine location. Some cities and suburban areas have more foot traffic than others, but you should also assess which types of buildings get the most traffic. Schools, hospitals, and office buildings are some of the most promising areas. You will have to contact the property owner to determine the terms and see if it's a good deal. It's perfectly fine to contact several property owners before deciding on the right location. Reaching out to multiple people will give you an idea of what payment structure you can vending machine business model can offer steady cash flow without the stress of managing tenants. It's also more affordable to enter the industry than real estate and can be lucrative. You will still encounter some obstacles along the way. If there weren't challenges with this business model, then everyone would be rushing to do it. Stephan showcased an individual who makes $300,000 per year with vending machines. Stories like those demonstrate what is possible, and if you set ambitious goals and work toward them, you can become the next case study. Read Next: Can you guess how many retire with a $5,000,000 nest egg? . Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Graham Stephan Shares A Story Of A Guy Who Makes $300,000 Per Year With Vending Machines: 'It's Not Bad' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14 hours ago
- Business
- Yahoo
Codie Sanchez Reveals A Secret That Rich People Use To Compound Wealth: 'Turn Every Expense Into An Income Stream'
Rich people seem to have their mindsets hardwired differently from most people, but many of these same people share their biggest wealth-building secrets online. Small business guru Codie Sanchez recently shared a secret that rich people use to build wealth, and she regularly uses it herself. "Turn every expense into an income stream," she explained. Viewing every expense as an opportunity to make money can be an eye-opening experience. Here's how you can make it happen. Don't Miss: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — Invest where it hurts — and help millions heal:. Sanchez mentions several examples of how she turned regular expenses into income. For instance, she bought vending machines when she realized she was spending too much money on gym snacks. The vending machine now makes her $1,000 per month. While $1,000 per month isn't life-changing, it's part of a mindset shift that can lead to riches. Sanchez also bought part of a window cleaning company when she realized she was spending too much money on window cleaning. Making that investment generates cash flow, but it also allows her to save money on window cleaning services. Sanchez repeated the process by buying part of a painting company. You can also follow this strategy by investing in shares of publicly traded corporations. For instance, if you spend a lot of money on Amazon, buying Amazon shares can help you pay for those expenses. Trending: Maximize saving for your retirement and cut down on taxes: . Although it wouldn't make sense to sell Amazon shares just to buy things on Amazon, those shares can gain value over time. If the returns compound, you can end up making more in Amazon stock gains than you spend on Amazon orders. Sanchez proceeds to explain how you can invest in small businesses even if you have no money or experience. Seller financing makes equity stakes more accessible, but you can also raise money with an SBA loan. The only catch with an SBA loan is that it can take up to 90 days to get approved for a 7(a) loan. If you buy the business outright, she suggests finding a top-tier professional and offering him 10% equity in your business. Then, the company's cash flow can pay off the debt and the operator. This model involves the operator running the entire business for wraps up the video by explaining that you just have to be a good dealmaker to make it work. Dealmaking allows you to buy businesses and take back Main Street from Wall Street. However, it's also good to know how to get the business in front of more people. You will need to know a few marketing channels very well, such as online ads, local SEO, or content marketing. Good dealmaking enables these types of opportunities while knowing marketing or hiring someone who knows how to implement the best marketing strategies is also essential. It's good to have some business knowledge before going into any deal, but the best way to learn is by doing. Sanchez has acquired partial and full stakes in many small businesses, and that has diversified her income in the process. Read Next: Here's what Americans think you need to be considered wealthy. Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Codie Sanchez Reveals A Secret That Rich People Use To Compound Wealth: 'Turn Every Expense Into An Income Stream' originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
Khaleej Times
22-05-2025
- Business
- Khaleej Times
FreshNow fuels wellness momentum with Summer Happy Hour campaign across UAE
In a refreshing move to inspire healthy habits, UAE-based wellness brand FreshNow has launched a dynamic summer campaign aimed at promoting natural hydration through its tech-driven orange juice vending machines. The initiative, which has captured attention across Dubai, Sharjah, and Ajman, highlights FreshNow's unwavering commitment to accessible wellness. As part of this seasonal activation, the brand rolled out a limited-time Dh5 offer on its signature 100% pure, freshly squeezed orange juice — a gesture designed to encourage UAE residents to adopt small but impactful wellness habits. While this special offer concludes on May 31, the Happy Hour campaign will remain an ongoing fixture, ensuring consumers continue to enjoy refreshing and nutritious choices all year round. 'Our Dh5 initiative was never just about affordability," said Zubair Abdul Rahman, founder and CEO of FreshNow. "It was a way to spark a healthy habit to encourage people to pause, refresh, and prioritise their wellbeing, especially during the hotter months." FreshNow's vending machines, strategically placed in high-traffic areas such as shopping malls, gyms, metro stations, educational institutions, and corporate hubs, deliver fresh orange juice in under a minute — without any added sugars or preservatives. The machines are equipped with advanced features including automated hygiene protocols, UV sterilisation, and touch-free dispensing, making the wellness experience both safe and seamless. In a market where fast-paced lifestyles often overshadow nutritional choices, FreshNow is positioning itself as a changemaker. By partnering with schools, fitness centres, corporates, and community wellness events, the brand is actively encouraging better hydration habits and promoting cleaner alternatives to sugary beverages. The campaign has also received strong support from health professionals and wellness influencers who continue to endorse the brand's mission — particularly during the intense summer months, when hydration becomes critical to health and wellbeing. Looking ahead, FreshNow has ambitious plans to expand its footprint across the UAE, bringing its smart vending solutions closer to residential communities and public spaces. The brand's long-term vision is simple yet powerful: to make daily wellness a way of life.
CNA
20-05-2025
- Business
- CNA
CNA938 Rewind - A Letter to Myself: Pastries, purpose, and perseverance — Why Serene Ong started her vending machine business
CNA938 Rewind Play Serene Ong, a mother of three and a former cabin crew member, decided to start her own vending machine company in October 2024. The machines serve fresh artisanal pastries from local bakeries. While business has been brisk for several of her machines, she had to overcome many initial challenges. Serene shares why she took a risk, the reaction of her family, and what she's learned about business — and herself — through this journey.
Fox News
17-05-2025
- Business
- Fox News
Swapping Snickers for Salads: How Farmer's Fridge Revolutionized Vending Machines
Imagine driving over 1,000 miles each week for work, surviving on nothing but gas station snacks and fast food from whatever drive-thru happened to be nearby. For traveling salesman Luke Saunders, that was often his reality. But rather than accept it as his new normal, he saw an opportunity: What if healthy food could be just as quick, affordable, and accessible as grabbing a bag of M&Ms from a vending machine? After months of planning and plenty of trial and error, that idea became Farmer's Fridge. Today, Luke shares the challenges he faced figuring out how to store fresh salads, parfaits, and sandwiches in refrigerated vending machines–and why it was all worth it now that Farmer's Fridge is in over 2,000 locations nationwide, including major airports, hospitals, and universities. Learn more about your ad choices. Visit
