I have found that from time to time keeping it small is best, especially to try something out. So here is an idea you can start on as little as $100 or less. Check your Cragislist postings for "vending" in the search bar. All kinds of different vending machines will appear. Look for the type of machine that vends gumballs and hard candy. We aren't looking here for soda machines or candy bar machines. We don't want anything electronic. Also, we aren't vending chocolate. It melts and stales too easily. The type of candy we are vending is gumballs, Skittles, those hard yellow banana shaped and flavored candies - you get the picture, right? Look for machines with three vending windows. Put a quarter in each mechanism to make sure it works properly. The mechanism is the only part that would have to be replaced on this type of machine, so make sure it is functioning before you purchase the machine.
You can get a used vending machine of this type for $25 if you are patient.
Next, where to place it. Put yourself in the shoes of a business owner. If you walk into a place and say, "Can I put my machine in your lobby?" What's in it for him or her? But if you share the take with them they have an incentive to listen. Offer one quarter in four to them. This still will warrant you a profit, and it is a win-win situation. Go to some businesses that you frequent regularly. Also, target mom and pop type shops so you don't have to go up the food chain for approval. Pick places that kids frequent. How many times have you heard a kid begging for a quarter for the vending machine?
You can check Sam's Club for candy prices, they are usually pretty good. Also, keep your eye out for coupons to get better prices.
This little side business could net you $30-$100 per month depending on traffic. You should only have to visit your machine to collect money and replenish candy once per month.
For more information on how to EXPAND your vending sideline from someone who has 500+ machines
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