2-Day Workweek Earns $700K - Vending Machine Business

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  • čas přidán 22. 05. 2024
  • Adam Hill started his vending business, Hill Vending, because he wanted to break away from his 9-to-5. Eight years later, he has 100 machines that make a combined $50,000 or more in gross sales each month. He shares how he built a profitable vending business in this interview.
    Learn step-by-step how to start your own vending business with Adam: hubs.li/Q01L50w40
    One of the great things about the vending business is its low barrier to entry. Adam didn’t have any experience before he started, and you don’t need a ton of money to get into the business, either.
    In Adam’s case, he had the financial resources to buy an entire route, but there are other, lower-cost options for entrepreneurs with smaller budgets. He’ll talk through the startup costs for a new vending business, along with his strategies for evaluating and acquiring vending locations with high revenue potential.
    When Adam started out, he was a solo entrepreneur. He’s added people to his team as his business grew, allowing him to get off the truck and spend more time on sales and managing his company. We’ll find out when he knew it was time to grow his team, as well as the systems he used as a solo operator to manage his workflow and ensure all of his machines were serviced efficiently.
    Getting the right machines is the first step to starting a successful vending business, and Adam will explain the types and brands of machines he prefers and why. He’ll also talk about where he gets the snacks and drinks he stocks in them and how he chooses the right items to ensure consistent sales. If you’ve ever wondered how to start a vending business, or how much you can make doing it, you’ll get the answers to your questions in this video!
    Resources
    hubs.li/Q01L50w40 - Course by Adam Hill
    www.upflip.com/academy - Start, Build & Grow Your Business
    www.upflip.com/blog/how-to-st... - More advice on how to start a vending business on the UpFlip blog
    www.upflip.com/equipment-list... Premier Equipment List
    Timestamps:
    00:00 - START
    00:42 - Introduction to Adam
    02:01 - Warehouse tour
    02:53 - Revenue and profit margins
    03:21 - Building a team
    04:26 - Common mistakes
    05:41 - Machines and locations
    06:19 - Growth strategies for small vending businesses
    07:46 - Vending bootcamp
    08:55 - Supplies and inventory
    09:58 - Early lessons learned
    10:29 - Machine repair and maintenance
    11:05 - Buying routes
    12:02 - Controlling costs
    12:39 - Where to find routes
    13:50 - Choosing locations
    14:45 - Best machines
    16:17 - Identifying viable locations
    18:20 - Fan Blitz
    20:33 - Securing accounts
    21:58 - Financing options
    23:23 - Pricing strategy
    25:08 - Sales kit overview
    25:36 - Machine brands
    26:13 - What customers want
    27:44 - Credit card readers
    28:47 - Servicing machines
    29:37 - Choosing inventory to stock
    30:32 - Top advice for new vending owners
    31:12 - Outro
    #vendingmachinebusiness #vendingmachine #howtostartavendingmachinebusiness

Komentáře • 900

  • @UpFlip
    @UpFlip  Před rokem +86

    Learn step-by-step how to start your own vending business with Adam: hubs.li/Q01L50w40

    • @JTL1776
      @JTL1776 Před rokem +4

      Is there any chance for a video on a trash bin and dumpster cleaning services.

    • @automatedcomment
      @automatedcomment Před rokem +6

      Ask me how I made 7 million a year taking massive dumps at warehouse facilities then coming back in 1 hour as a janitorial business and pressuring them to a monthly subscription

    • @veena171
      @veena171 Před 5 měsíci

      ​@@JTL17761

    • @JohnathanHouston-uq6hy
      @JohnathanHouston-uq6hy Před 3 měsíci

      Since covid hit a lot of people are using online shopping app's that deliver instead of going to store's themselves depending on on the discount you get from using online shopping apps. You could save a lot of money if I was going to start vending machine business would start with five vending machine's two soda machine's an three snack machine's and place them in high or mid foot traffic

    • @klubcj
      @klubcj Před 2 měsíci

      How much money do you have to pay the landlord for putting the machine there?

  • @backcountyrpilot
    @backcountyrpilot Před rokem +571

    I had 120 soda and snack locations in the 80’s. The biggest issue, other than employees, is the low barrier to entry. The best locations see the money coming out of the machines and decide to put their own machine in.

    • @UpFlip
      @UpFlip  Před rokem +39

      Thanks for sharing your experience! How did you make it work back then? ☺️

    • @pbufh
      @pbufh Před rokem +67

      This is exactly why I think its a bad idea. If I had a business id put my own machine In.

    • @d_rock4932
      @d_rock4932 Před rokem +39

      @@pbufh and keep it stocked, too? And what happens if it breaks? Spend a few hours on researching how to fix it, ordering parts, a few more taking it apart...

    • @TieflingKumasi
      @TieflingKumasi Před rokem +17

      If companies bought their own vending machines, they'd have to source their own snacks, right?
      Otherwise, wouldn't it cost more to buy snacks for your vending machines?

    • @ryandiedrich6317
      @ryandiedrich6317 Před rokem +27

      How much do you pay the company that allows you to put the vending machine in?

  • @Lawnchairolympian
    @Lawnchairolympian Před 3 měsíci +202

    The vending market is extremely saturated and very few people will have this guy’s success.

    • @johnadams5694
      @johnadams5694 Před 2 měsíci +12

      I was thinking this, too. Also, the average US citizen is 100k in debt. "Asking family for money" I don't think is usually a good idea to start a vending machine business, unless they also have that dream in mind. Which it wouldn't really be you just going to them and asking for money.
      Also, I can imagine buying one of those things for 3.5k and having difficulty reselling if the business flops. He made it sound as if reselling it would mean you can basically have no loss if the business goes under.
      I call bullshit. He lucked up and makes it sound like a piece of cake that anyone can do.

    • @roymoxley2587
      @roymoxley2587 Před 2 měsíci +4

      Sure another get rich bs

    • @jjDub331
      @jjDub331 Před 2 měsíci +15

      Damn yall are negative, if you have enough hassle you can definitely run a successful buisness maybe not on this level but it's definitely achievable

    • @tjpaiva3296
      @tjpaiva3296 Před 2 měsíci +5

      The only barrier is location otherwise it can't fail as long as you hustle

    • @tuvoca825
      @tuvoca825 Před 2 měsíci

      Bigger with low profit margin still pays a lot for one guy... the bigger access and economy of scaling up eats the competition.

  • @acz51088
    @acz51088 Před rokem +700

    Bought Adam’s Course a year ago and it did nothing but made me grow into a very profitable living for my family and I. The dude is honest and very intelligent

    • @UpFlip
      @UpFlip  Před rokem +36

      Thanks for sharing your experience regarding his course! Any tips you'd like to share with the community? ☺️

    • @LeaveMeAloneBleez
      @LeaveMeAloneBleez Před rokem +6

      hi adam how much for the course brother ?

    • @codeintern8966
      @codeintern8966 Před rokem +6

      @@LeaveMeAloneBleez $797

    • @chooselife5863
      @chooselife5863 Před rokem +30

      Prove it? ...

    • @chooselife5863
      @chooselife5863 Před rokem +12

      ​@@LeaveMeAloneBleez Be careful!

  • @em34ev3r
    @em34ev3r Před měsícem +10

    This guy is legit, humble, no ego, and sharing his business tips with the rest of us.

  • @styroraptor2946
    @styroraptor2946 Před rokem +96

    I’ve been a route driver for a vending company for 2 years now I love the business I love working and fixing the machines it’s my passion

  • @riddlegunnermanuel6503
    @riddlegunnermanuel6503 Před měsícem +5

    I own 22 vending machines and i have them on heavy foot traffic manufacturing warehouses the cheaper the product the more u sell
    Every other day i have ti fill up ..more work more dinero🤑

  • @iamkinglvt
    @iamkinglvt Před 7 měsíci +10

    Definitely the best video so far doing my research no negative or deterring information honest informational and inspiring 🤙🏽

  • @sasha0320
    @sasha0320 Před rokem +28

    He seems like a very transparent Down to earth man❤thanks for this

  • @Wired1200
    @Wired1200 Před rokem +12

    This is gold. Keep them coming 👏👏

  • @josephbailey7408
    @josephbailey7408 Před rokem +9

    Love the in depth info

  • @jonvice2773
    @jonvice2773 Před 9 měsíci +16

    I bought a combo vending machine a few years back before Covid I haven’t done anything with the machine. Thank you for this video I will try my best to start my vending business!

  • @cathyb.3193
    @cathyb.3193 Před 7 měsíci +2

    Thanks so much for sharing. I've been seriously thinking about the vending business.

  • @thesaiyanprincevegeta
    @thesaiyanprincevegeta Před rokem +81

    I had one buddy that made like 1500 a month off a machine in a small village like town with only a dollar general there. He would tape a 5 dollar bill to a few cans in the machine that said winner on the can. It worked pretty good

    • @Zemog23
      @Zemog23 Před rokem +7

      What a neat idea

    • @sellbydate
      @sellbydate Před rokem +3

      But I thought cans just came out one by one?? It's not like it's a grab what you can with claw

    • @UpFlip
      @UpFlip  Před rokem +4

      That's cool!

    • @ImPatrickStarl
      @ImPatrickStarl Před 10 měsíci

      i freaking love that

    • @tman4life01
      @tman4life01 Před 9 měsíci

      @@sellbydateyeah but people will still be inclined to spend another $2 to get another can of coke, get their money back, and an extra $5. Pretty good idea.

  • @michelletong
    @michelletong Před rokem +36

    This was so incredibly informational and it was free! I can't imagine how much info is in the boot camp.

    • @UpFlip
      @UpFlip  Před rokem +3

      Couldn't agree more! We hope you can give it a check if you have the time ☺️

  • @themisguidedpodcast
    @themisguidedpodcast Před rokem +6

    this is absolutely amazing

  • @DishesandFishes
    @DishesandFishes Před rokem +32

    This dude is brilliant and loves what he does… 🔥 episode

  • @samplesfamily
    @samplesfamily Před 11 měsíci +16

    Great job. I appreciate how informative and professional things were produced. Thank you

    • @UpFlip
      @UpFlip  Před 11 měsíci +2

      We hope you learned a lot from this video. What are your takeaways?

  • @TheGreatEscape77
    @TheGreatEscape77 Před rokem +7

    Great episode and Lots of great information/value here 💯💯💯

    • @UpFlip
      @UpFlip  Před rokem +1

      Glad you love this video! Your appreciation means a lot to us and motivates us to continue producing content like this. Do you have a business topic you want to see next on the channel? 🤔

  • @ladynj8285
    @ladynj8285 Před rokem +3

    This was very informative, thank you I will be taking the course!!!

    • @showrunner2183
      @showrunner2183 Před rokem

      I’m in NJ too and have 20machines and 15 locations. Maybe I can help you

  • @jlgranja1
    @jlgranja1 Před 7 měsíci

    Awesome video, great opportunity to grow. Love helping business grow their revenue trough private funding!!!

  • @joshjesse1195
    @joshjesse1195 Před rokem +6

    my name is Joshua Jesse Owner & operator of A power washing company I.E AGUA-WASH & your channel changed the trajectory of my life!Specifically the video on Northwest Soft-wash, i will within the next few years be featured on this channel!Thank You!

    • @UpFlip
      @UpFlip  Před rokem

      We can't wait to feature you on our channel. Best of luck! 👊

  • @tylerrudd5461
    @tylerrudd5461 Před rokem +5

    Good job. He decided to put his fate in his own hands and it paid off. Like to see this.

    • @UpFlip
      @UpFlip  Před rokem

      Couldn't agree more! Hope this sparked inspiration. ☺️

  • @CarolinaMetalHauling
    @CarolinaMetalHauling Před 7 měsíci +2

    This was an incredibly detailed video! Great job!

    • @UpFlip
      @UpFlip  Před 7 měsíci +1

      Thank you! Hope you learned a thing of two from Adam! 🙌

  • @942antuan
    @942antuan Před 15 dny

    This buisness owner just takes the time to tell everyone how they can do it them selves shows how he is a kind dude. And the dude ask good questions.

  • @domenicm3083
    @domenicm3083 Před rokem +9

    Awesome episode 👍

    • @UpFlip
      @UpFlip  Před rokem +3

      Thank you for the kind words ;)

  • @kw6193
    @kw6193 Před rokem +5

    He's back! Finally!

  • @brenguy333
    @brenguy333 Před 3 měsíci

    Good interview questions. Engaging and informative.

  • @JOJO_VENDLIFE
    @JOJO_VENDLIFE Před 2 měsíci

    Awesome video, it helps a lot ❤❤

  • @paulmark7430
    @paulmark7430 Před rokem +12

    I'm new to all this, feels overwhelming but I won't give up on
    learning this. Thanks for you clear explanation from the very
    beginning!🇬🇧

    • @travisbickle0526
      @travisbickle0526 Před rokem +4

      If it was as easy as buying a vending machine and putting it in a shop everyone would be millionaires

    • @UpFlip
      @UpFlip  Před rokem

      You're welcome! Learning something new can definitely feel overwhelming, but it's great to hear that you're not giving up. Keep it up @Paul mark!

    • @ImPatrickStarl
      @ImPatrickStarl Před 10 měsíci

      @@travisbickle0526 so true

    • @STRICKLANDCAVESESSIONS
      @STRICKLANDCAVESESSIONS Před 3 měsíci +1

      Anything ever come out of it for you?

    • @obscurelyvague
      @obscurelyvague Před 2 měsíci

      @@travisbickle0526 you said it

  • @getFanGold
    @getFanGold Před 7 měsíci +10

    Thanks for the super informative video!! I was really inspired when I went to Japan and saw lots of awesome vending machines with things like hot coffee, full meals, etc. I'm hoping to bring that part of the culture to North America.

    • @Sephiroso.
      @Sephiroso. Před 2 měsíci

      Good luck on your endeavors!

  • @Chad03Cobra
    @Chad03Cobra Před rokem +1

    I love this channel you guys drop some good knowledge for people.

    • @UpFlip
      @UpFlip  Před rokem

      Thanks for watching and supporting our channel! Did you learn a lot from this video? ☺️

  • @ishady27
    @ishady27 Před 2 měsíci +5

    Location is essential,.my vending machine only yield $10 sales per day 😅

  • @ace9resistance
    @ace9resistance Před rokem +10

    I've been waiting for your videos man. Been too long 😢

    • @UpFlip
      @UpFlip  Před rokem +1

      HAHA we're thrilled to hear that people are eagerly anticipating our videos ;)

  • @JaydonRose
    @JaydonRose Před 2 měsíci

    Best explanation I've heard to differentiate the two. Thanks.

    • @UpFlip
      @UpFlip  Před 2 měsíci

      Glad it was helpful!

  • @LunaLighthouse
    @LunaLighthouse Před rokem +1

    Great video with useful knowledge thank you!

    • @UpFlip
      @UpFlip  Před rokem

      Glad it was helpful! Were you inspired to start your own vending business? ☺️

  • @9317AMS
    @9317AMS Před rokem +54

    Okay, I’ve seen a lot of your videos and this one is the one where I’m going to take action. I really enjoyed every part of this video. It left me wanting more information. With that being said you guys seem like very honest people and I hope this boot camp is really worth it and i don’t feel like I just handed you guys money for nothing. I’m going to purchase the boot camp tomorrow.

    • @UpFlip
      @UpFlip  Před rokem +6

      We are humbled to know that our videos can make an impact! We hope you take these lessons to heart and apply them for success. Cheers to your success, and see you at the boot camp! 🔥

    • @leonaking1865
      @leonaking1865 Před rokem +3

      I am on the same path, How was the bootcamp? Did your business grow from the bootcamp?

    • @infowazz
      @infowazz Před 11 měsíci +2

      Locations can be hard to find and you will need to restock the machine constantly. you also need a mechanic on call if something goes wrong. Its not an easy business.
      Digital marketing is much easier but they are very different paths and we are different people. Some people are killing it with vending.

    • @ImPatrickStarl
      @ImPatrickStarl Před 10 měsíci

      Let me know how its GOING !

    • @NazriB
      @NazriB Před 7 měsíci

      Lies again? Design Technology USD SGD

  • @CB-jz7bo
    @CB-jz7bo Před rokem +8

    This is inspirational and motivating.. thanks for this🙏🏿

    • @UpFlip
      @UpFlip  Před rokem +1

      Glad it was helpful! Were you inspired to start your own vending business? ☺️

    • @CB-jz7bo
      @CB-jz7bo Před rokem +1

      @UpFlip I've shared this video with all the people in my circle and we've been brainstorming and coming up with a plan of action for the last 9 hours. This is the most informative and useful video in all of CZcamsdom, not a single wasted minute. God bless you and Hill Vending for sharing!🙏🏿🙏🏿👑👑

    • @UpFlip
      @UpFlip  Před rokem

      @@CB-jz7bo thats what we like to hear ;)

  • @mirkogerrits1200
    @mirkogerrits1200 Před 10 měsíci

    Loved the video! However I was kinda taken aback by audio, hearing a lot of phase problems! Maybe look into it so next one will be even better!!

  • @owenflynn3567
    @owenflynn3567 Před rokem +1

    Great video thanks for the insight

    • @UpFlip
      @UpFlip  Před rokem

      Glad it was helpful! Hope it inspired you to start your own business ☺️

  • @markanderson4353
    @markanderson4353 Před rokem +164

    Three big issues I had with my vending business. 1. You better be mechanically inclined if you want to own vending machines. They constantly breakdown. 2. This is an ultra competitive market, it is very difficult to get established into money making vending locations.
    3. Feeding people junk and contributing to America’s obesity problem for profit. I just couldn’t morally do it anymore.
    Be careful people, I have lost a lot of money in the vending business

    • @turkwendell6904
      @turkwendell6904 Před rokem +6

      Not being sarcastic just asking you what does it mean to be mechanically inclined? Like servicing the machines?

    • @billykulim5202
      @billykulim5202 Před rokem +22

      in this video adam say it thats why its importan you chose your machine, dont just buy them cheap, you will lost money because need to service it more,

    • @ABC-gs3fe
      @ABC-gs3fe Před 11 měsíci

      if you want to be reach - you must to be btch.. It’s some song was about ..

    • @Xilladan093
      @Xilladan093 Před 10 měsíci

      Lol

    • @jiepper
      @jiepper Před 10 měsíci +10

      I want the vending machines from
      Japan. The one I can get warm coffee, cold coffee,

  • @patrickfurlong9169
    @patrickfurlong9169 Před rokem +4

    In a lot of larger factories that are union controlled you can plan on giving them a big cut of your profit.

  • @niaholder9168
    @niaholder9168 Před měsícem +1

    he seems like such a nice guy that’s just trying to help people and support his family

    • @UpFlip
      @UpFlip  Před měsícem

      Absolutely! 💪

  • @Camcentral4532
    @Camcentral4532 Před rokem +1

    Nice one UpFlip, keep up the good work.

    • @UpFlip
      @UpFlip  Před rokem +1

      Glad it was helpful! Were you inspired to start your own vending business? ☺️

    • @Camcentral4532
      @Camcentral4532 Před rokem

      @@UpFlip No, but I got some lessons for my business.

  • @schultz22657
    @schultz22657 Před rokem +19

    Because of CZcams and TikTok, vending has become far too saturated as of late. As someone who operates 100 machines as well as a few micro markets, I can tell you that this is a terrible side hustle right now. However, if you're willing to blow past what 99% of people will do, 1 machine here or there at some random apartment complex, and really push through that initial failure, you will see that it is a great career that gives you a ton of flexibility for the income it provides.

    • @UpFlip
      @UpFlip  Před rokem +4

      That's so cool that you have so many machines @schultz22657 ! Did you learn anything from the video to take your business to the next level?

  • @Hoser16
    @Hoser16 Před 2 měsíci +7

    Get 5 million people to watch your vending machine video on CZcams, that's how you make 700k per year.

    • @XingCollectables
      @XingCollectables Před 20 dny +1

      700k is such a fake ass number that's thrown out there to get people to buy his magic course. I manage over 200 machines over his 100 and gross 700-800k a year. If he's doing 700 on just 100 he's managed to get the best locations and has no duds and that's just not reality in the vending world. Each machine has to make $300 in sales a month which at the median is at least 150 individual sales a month (were talking major factories or production manufacture accounts that get those numbers. Now that's very doable for good accounts but not all accounts. To put things in perspective I fill anywhere from 30-40 machines daily 5 times a week. Thats alot of time and I also put on over 100 miles a day in a box truck that gets 7 miles a gallon of gas. Thats a big expense to consider.

  • @tanshmay
    @tanshmay Před rokem +1

    This is the video I was waiting for

    • @UpFlip
      @UpFlip  Před rokem +1

      Did you enjoy the video? Thanks for watching! ☺️

  • @primtymephotography562
    @primtymephotography562 Před 9 měsíci

    Awesome Video

  • @wirenut9062
    @wirenut9062 Před 11 měsíci +7

    I work for a very large corporation whose footprint is from Massachusetts to virginia. They have 1 vending company. There are times where there are 5 spots empty in 1 machine. It takes them anywhere from 1-2 weeks to replenish. Machines appear to be cellular. It's like they just don't care because they have a lock on the corporation

    • @LordBort
      @LordBort Před 2 měsíci +1

      Sounds like a ripe time for another company to bid. I can already hear the opening line... "I noticed you have 5 empty slots! How long have they been empty?" 😂

    • @XingCollectables
      @XingCollectables Před 20 dny

      all machines are cellular for credit. unless the company wants to pay for cables to be run to the machines that's on them this is also not safe for customers as its easier to get the credit card info which is why we use cellular. sounds like you have a shitty vending driver that isn't servicing the machine when they need to. Should be serviced once a week on the same day and if there's still 5 empty slots, they either need to double up product and remove the slow-moving product or they need to make it a twice a week stop. Also, if your corporation is that large, they are 100% getting a commission on the sales which is why the vending company is locked in a contract with them. Likely have a contract of 5 or more years that can't be breached. Also, you got to understand most drivers are payed over 25 and hour to service these machines if they have to drive out of the way to service 1 machine that has 5 slots empty it might not be worth it. There's a lot of cost factors that go into when a machine is serviced. This guy is showing machines that are freshly filled. He 100% has machines with empty slots any given day of the week that's just natural. But it shouldn't be empty for more than a week as every machine that sells out a few columns should be serviced at least once a week on a schedule.

  • @Adonis298
    @Adonis298 Před rokem +10

    I just turned 17 I’m in high school I live in South Africa here there’s not so many vending machines in the country so I’m thinking on taking the vending machine business to South Africa.🇿🇦

    • @UpFlip
      @UpFlip  Před rokem

      Why not? You could be successful with that! 👊

    • @Argonikron
      @Argonikron Před rokem +1

      Be careful though, some assholes will break the glass to get free food.

    • @steveroman3729
      @steveroman3729 Před rokem +2

      There's no vending machines because you already know why. The profit loss would be exponential.

    • @leonrussell9607
      @leonrussell9607 Před 11 měsíci

      There's no power in South Africa

  • @KidsLearnHTML
    @KidsLearnHTML Před měsícem

    I'm using this video for my business class in conjunction with spreadsheets like the one at 4:13 !

  • @JamesofQPR
    @JamesofQPR Před rokem +2

    Extremely interesting.. thanks

    • @UpFlip
      @UpFlip  Před rokem

      Are you a business owner yourself, or are you looking to start one? Please feel free to browse through our videos for more inspiration and value. ☺️

  • @LymeWarrRich89
    @LymeWarrRich89 Před 2 měsíci +7

    You have to restock, give the card reader a small percentage, maintenance, good location, get a store to say yes, then when they see you collecting all this money, theyre gonna kick your ass out and put their own machine in, there are a million drawbacks to this

  • @TheBushdoctor68
    @TheBushdoctor68 Před rokem +5

    How come the location's owners don't want a cut in the profits?
    Where do you get your power for those machines?

  • @omargavarrete1078
    @omargavarrete1078 Před 8 měsíci

    Great video bro thanks

    • @UpFlip
      @UpFlip  Před 8 měsíci

      Glad it was helpful! Were you inspired to start your own vending business? ☺️

  • @carlosalenduran4630
    @carlosalenduran4630 Před 2 měsíci

    Thats amazing great job guy s

  • @damiene5360
    @damiene5360 Před rokem +13

    Hi, I'm from europe and yesterday I started wondering about placing machine's in my area. I find it hillarious that you uploaded this video yesterday! I mainly thought about starting a vending machine "shop" where people could come 24/7 to grab a snack, however placing them inside other companies seems like it might be a better idea. One thing I didn't hear you guys speak about is whether you actually pay or get paid by the customers to keep these machines in their companies? I assumed the customers would want some of the profit but hopefully I'm wrong!

    • @damiene5360
      @damiene5360 Před rokem +1

      I should've read the comments first since my question is allready answered!

    • @UpFlip
      @UpFlip  Před rokem

      Thanks for watching this video and reading the comments! We hope your question is fully answered. If you need to know more, let us know! ☺️

    • @tommyls4357
      @tommyls4357 Před rokem +2

      I have the same question. What is the answer?

    • @andriipcreate
      @andriipcreate Před rokem +1

      @@tommyls4357 I didnt find it either (

  • @navigatingsideways
    @navigatingsideways Před rokem +3

    People, if you are afraid of hearing no. This isn’t for you. This is Sales, relationships and accountability. Sales but at the Owner level.

    • @UpFlip
      @UpFlip  Před rokem

      Absolutely right! Were you inspired to start your own vending business? ☺️

  • @M.E.McCamishJR
    @M.E.McCamishJR Před 5 měsíci

    This is very good info for this type of business therefore thank you for posting said info...............

  • @cracknoir8397
    @cracknoir8397 Před 6 měsíci

    WoW nice work !!!!!!!!!!!

  • @alexlarsen1392
    @alexlarsen1392 Před rokem +3

    Be strong in sales if your gonna get into vending it's fiercely competitive

    • @UpFlip
      @UpFlip  Před rokem +1

      Fortunately for us, Adam shares his tips on how to stand out from the competition. ☺️

    • @StefanoM666
      @StefanoM666 Před rokem +2

      Depending on where you live you may also have to worry about your machines being sabotaged by corrupt competitors. Even be prepared to be threatened with physical violence via phone and/or email, etc. It happened to an ex co-worker of mine. He told me all sorts of stories about that shit. That's one reason he no longer was doing the vending machine thing and he worked where I was at.

  • @Lee-fi4vo
    @Lee-fi4vo Před 8 měsíci +8

    Interesting to note that the new cutting-edge, credit-card reading machines cost 10 times what an older-generation machine costs. HUGE capital outlay to get into the vending machine game. I assume that most locations already have vending machines. I would be concerned about broken-down machines; it is good to know that there are sub-assemblies that can be pulled out and replaced.

    • @mrkks595
      @mrkks595 Před 6 měsíci

      And guess what, the majority of the times the think that it is not working is the stupid Nayax card reader, the majority of the complains that I received is that the Nayax card reader it's not working and in Australia is the only company
      that´s supplied this service.

    • @marcoballarino6509
      @marcoballarino6509 Před 21 dnem

      You buy a 700/100€ old one then intregated with a slot comp for sum up card payments (?)

  • @thebullyexpress6996
    @thebullyexpress6996 Před rokem

    Amazing work upflip

    • @UpFlip
      @UpFlip  Před rokem

      Thank you for watching and engaging with the content! Any business you want to see next? ☺️

  • @brigitte576
    @brigitte576 Před 7 měsíci

    Great information thanks

    • @UpFlip
      @UpFlip  Před 7 měsíci

      Delighted it was useful! Are you considering embarking on your own vending adventure? 😄

  • @Loogieiphone
    @Loogieiphone Před rokem +8

    I can confirm Adam’s course is well worth it!

    • @UpFlip
      @UpFlip  Před rokem

      Wow, thank you for the compliment @kodydiy3028 ! So glad to hear you enjoyed the course!

    • @andrewjones4774
      @andrewjones4774 Před 6 měsíci +1

      Bot🤖🤖🤖

    • @Loogieiphone
      @Loogieiphone Před 6 měsíci

      @@andrewjones4774 no u

  • @MrQuijibo
    @MrQuijibo Před 4 měsíci +7

    This is 🧢 Their business is selling courses, and likely the machines. Be real, how often do you see a vending machine? How often do you use one? How many sales do you need to make 700k PROFIT, not turnover, on items you make 10s of cents on? Even a dollar profit at 50% margin is 1.4 million sales before tax

  • @angelbabe1977
    @angelbabe1977 Před 9 měsíci

    I actually thought about getting onto the vending business, but on a different level.

  • @DrexLTG
    @DrexLTG Před rokem +2

    Adam really came through on this!

    • @UpFlip
      @UpFlip  Před rokem

      Agreed! We hope you enjoyed the video - thank you for watching! ☺️

  • @kevinvanwulpen9598
    @kevinvanwulpen9598 Před rokem +71

    Would love to find out what the average split is with the location owner. Was one of the main items that was not addressed in this video but super important to start the business model. Will probably be addressed in the course but still would be handy to run some really crude numbers

    • @UpFlip
      @UpFlip  Před rokem +1

      Thanks for your comment @kevinvanwulpen9598 ! A lot of these questions are answered in the course here: www.upflip.com/courses

    • @Neceros
      @Neceros Před 11 měsíci +23

      @@UpFlip trying hard to sell, need to see more community action here.

    • @AlphaBlazing
      @AlphaBlazing Před 11 měsíci +4

      @@Neceros its free bruv

    • @chicamaravilla1724
      @chicamaravilla1724 Před 9 měsíci +2

      That’s the information I’m trying to find out

    • @AFENVendingMachine
      @AFENVendingMachine Před 9 měsíci

      Cogitative👍

  • @firebeppo
    @firebeppo Před 10 měsíci +3

    Do you have to pay the business a % of sales?

  • @chefbuenaventurasantana9823

    This is awesome!!!

    • @UpFlip
      @UpFlip  Před rokem

      Thank you for taking the time to watch our video. We hope you found it enjoyable!

  • @fish3dp372
    @fish3dp372 Před 8 měsíci +1

    Good vid....subbed

    • @UpFlip
      @UpFlip  Před 8 měsíci

      Appreciate it! Any business you'd like to see next on the channel?

  • @yourpathmatters
    @yourpathmatters Před rokem +9

    It would be helpful if people would not brag about their gross, but instead explain their profits after expenses. That's what matters. Gross is totally irrelevant except that some people think it's bragging rights.

    • @UpFlip
      @UpFlip  Před rokem +1

      Adam does talk about his exact figures in our course. If you're interested, please give it a check! ☺️

    • @johng5261
      @johng5261 Před 11 měsíci +1

      exactly what I'm thinking, say you have 700k in gross, 350k in profit, then payroll? Taxes? You are back to sub 200k a year.

    • @jamesmesina4495
      @jamesmesina4495 Před 9 měsíci

      ⁸😢😮

    • @maitlandbezzina2842
      @maitlandbezzina2842 Před 8 měsíci

      With a valuation of his company now well into the millions, which you can then sell once you are ready. Imagine making $150k per year and then being able to sell that revenue generator for $3-5 million whenever you wanted to. Not bad for 8 years' work if you ask me.@@johng5261

  • @jollykitt
    @jollykitt Před rokem +58

    I was looking into starting a vending business a while back before the pandemic. One thing you guys didn't really talk about is a lot of the properties where you'll want to put your machines will want a cut of the profit. What's an acceptable amount? 10,20,30%? Do you just find locations that will let you put them there for free?

    • @ryanayalarivera2917
      @ryanayalarivera2917 Před rokem +9

      Good question.

    • @UpFlip
      @UpFlip  Před rokem +5

      This is something we discuss on our course with Adam. Thanks for pointing that out ☺️

    • @XjestR
      @XjestR Před rokem

      Just know networking is key, I know a group of guys that do this that know people who undercut competition and still are profitable

    • @du24pont70
      @du24pont70 Před rokem +15

      ​@@UpFlip so, you couldn't just simply answer the question. Wow. I see greed got the best of you.

    • @UpFlip
      @UpFlip  Před rokem

      @@du24pont70 Honestly, we don't know the answer to that. But all such things are covered in the course and whatever is not, is covered in the monthly webinars. We hope Adam responds and gives the answer. We'll remind him to respond to comments when he can ;)

  • @chadlawrence5865
    @chadlawrence5865 Před 10 měsíci

    great video guys

    • @UpFlip
      @UpFlip  Před 10 měsíci

      Glad you enjoyed it!

  • @debspringchannel831
    @debspringchannel831 Před 2 měsíci

    Great video 🎉

    • @UpFlip
      @UpFlip  Před 2 měsíci

      Thanks for watching and supporting our channel! ☺️

  • @actrightmusicgroup9265
    @actrightmusicgroup9265 Před 7 měsíci +3

    My biggest question that wasnt addressed is what kind of agreements do you do with the location's? Do you pay them a set monthly rate? Or do you pay them a commission of all sales? How does that part work?

    • @UpFlip
      @UpFlip  Před 7 měsíci

      It actually depends on the account. Sometimes it's commission based but most of the time they'll pay for the service.

    • @JazzyYannick
      @JazzyYannick Před 6 měsíci +1

      @@UpFlipsort of a big point of convo, missed. 😊

  • @hybrids0ldier
    @hybrids0ldier Před 6 měsíci

    Great content. Very informative except no one talked abt taxes . Do u have to register a firm for it?

  • @Sharkdog11b
    @Sharkdog11b Před rokem +4

    I’m still a little confused on what his take home is after everything maybe I missed something tho. Can someone fill me in if so?
    Nice to see you back!

    • @UpFlip
      @UpFlip  Před rokem +3

      He takes home 30% .To learn more about it, please keep on watching! ☺️

    • @kclmnop4372
      @kclmnop4372 Před rokem +5

      100 machines making 500-1000 a month. Average at 750/month/machine = 75k per month total = 900k / yr
      30% take home = 270k.
      He said he uses that 30% to pay his guys too so he probably keeps 100-120k

    • @anonymoususer1824
      @anonymoususer1824 Před rokem +1

      ​@Kclmnop exactly, which while decent no exactly eye watering. I mean no shade from me,ll good for him, but for me there are other businesses that can net you over 100k that take way less than 8 years to build..

    • @elenabreeze5072
      @elenabreeze5072 Před rokem

      @@anonymoususer1824 Ah, true. I would like to know, which would be?

    • @isaack7457
      @isaack7457 Před 10 měsíci

      @@kclmnop4372 Seems like alot work for 120k/year.

  • @JuanAvila-fb5xd
    @JuanAvila-fb5xd Před rokem +4

    I definitely want to start this as well. Upflip, y’all want to know what happens?

    • @UpFlip
      @UpFlip  Před rokem +1

      Yes, please tell us!

  • @user-mv7gg7im1k
    @user-mv7gg7im1k Před 3 měsíci

    Bro - your one in a million that can profit - as you advertise

  • @travisking4390
    @travisking4390 Před 5 měsíci

    Didn't we just watched the boot camp. Awesome video

  • @operationrepair8579
    @operationrepair8579 Před rokem +9

    The vending machine business is not nearly as good as what people think. These videos are made to make money they never tell you this is extremely difficult to get any locations, stocking and collecting for numerous machines is a almost full time job. The issue is great locations have their own machines, bad locations don't make money and the market is saturated thanks to all the "free knowledge"..... the truth is there is no easy money or looks good in a video, but the reality is much different.

    • @UpFlip
      @UpFlip  Před 11 měsíci

      Thank you for sharing your perspective on the vending machine business. It sounds like you have experience in the industry and have found it to be more challenging than some may expect. It is important for individuals to do their own research and gather as much information as possible before deciding to invest in any business. Thanks for taking the time to watch. 😊

    • @johng5261
      @johng5261 Před 11 měsíci

      Well, say you have 700k in gross revenue. Thats still only what? 300k in net profit *before* payroll? How is this a good business?

    • @operationrepair8579
      @operationrepair8579 Před 11 měsíci

      @John G well i agree so let's say we can make up numbers and sure we have a great business🤡 it's not a great business but it's a great youtube business🤣

    • @epicscoreeu
      @epicscoreeu Před 9 měsíci

      ​@@johng5261actually out of 700k- 210k would go to salary 70k to business (fuel, rent etc) and about 350k to products

    • @epicscoreeu
      @epicscoreeu Před 9 měsíci

      ​@@johng5261that would equal he makes about 70k a year, running 100+machines

  • @JamieGAdaire
    @JamieGAdaire Před rokem +9

    $7K per workday and $14K per workweek. That’s a lot of starting capitol needed for machines and products- if you’re selling things for $1-$2 you’ll have to sell 3.5K-7K products a week to make this kinda money, right?

    • @UpFlip
      @UpFlip  Před rokem +2

      He does over a hundred machines scattered across his location, and it's all fast-moving. This isn't impossible. Hope this helps! ☺️

    • @JamieGAdaire
      @JamieGAdaire Před rokem +1

      @@UpFlip that’s awesome; and didn’t say it was impossible, was just curious about the scaling and timeline aspect. Apologies if I came off as rude.

    • @graceg3250
      @graceg3250 Před 10 měsíci

      I’m also guessing this is gross income, before expenses

  • @lxsmith2
    @lxsmith2 Před rokem

    valuable information

    • @UpFlip
      @UpFlip  Před rokem

      Glad it was helpful! Were you inspired to start your own vending business? ☺️

  • @madamcjwalker67
    @madamcjwalker67 Před 7 měsíci

    Thank you!

  • @Josh_56
    @Josh_56 Před rokem +23

    Quick question, do you have to pay rent when you leave your machines at a location?

    • @jasonburds
      @jasonburds Před rokem +11

      Generally no. The place you put it generally sees it as a service to their customers (think auto service, people are sitting there waiting for their car to be done).

    • @saulgoodman2018
      @saulgoodman2018 Před rokem +2

      @@jasonburds They are all twix.

    • @UpFlip
      @UpFlip  Před rokem +9

      No, vending machines are considered a service being offered. The facility avails the service and once they don't need it, the machines will be pulled out. Hope this helps! ☺️

    • @saulgoodman2018
      @saulgoodman2018 Před rokem +2

      @@UpFlip Then why would a business do that?
      They can then buy their own machines and do it themselves then.

    • @LunaLighthouse
      @LunaLighthouse Před rokem +6

      @@saulgoodman2018 True some businesses do have their own, but it depends on the business/boss if they want to deal with refilling, service and they might not have enough time and etc.

  • @realtyrelief637
    @realtyrelief637 Před rokem +4

    I would love for to do a video with an ATM business owner

    • @UpFlip
      @UpFlip  Před rokem +1

      Great idea! We appreciate you tuning in! Thank you! ☺️

  • @luciladiaz1860
    @luciladiaz1860 Před 9 měsíci

    very informative I really enjoy this video

  • @oliveraidoo7861
    @oliveraidoo7861 Před 6 měsíci

    The guy is very intelligent!! 👍

  • @gabefirstraised1373
    @gabefirstraised1373 Před rokem +3

    Can we see the spotlight on some business owners in rural areas?

    • @UpFlip
      @UpFlip  Před rokem

      Great suggestion! Definitely will be on our list. Any particular business topic you want us to cover?

  • @Natural-Causes
    @Natural-Causes Před rokem +8

    Seems like it would be tough to start this simple because most businesses already have a vending company they deal with, and the only way In would be to undercut their prices drastically…🤔

    • @donaldlyons17
      @donaldlyons17 Před rokem +1

      Yeah and it needs to be in a high enough traffic area to make this work. And one has to be lucky enough to have the money to be able to afford to be involved in it.

    • @UpFlip
      @UpFlip  Před rokem

      Adam did share his tips on how to get clients without price matching. To learn more about it, please keep on watching! ☺️

    • @chicamaravilla1724
      @chicamaravilla1724 Před 9 měsíci

      Can you tell us?

    • @arkadious9320
      @arkadious9320 Před 9 měsíci +1

      @@donaldlyons17 yeah its bullshit. maybe with a small loan of close to 500k and somehow magically have a lot of prime locations somehow available this could work. . but the reality is there is no market anymore. . and the only way to get in is to buy out someone elses company with its contracts. Which pretty much rules out anyone who already doesn't already have access to a large amount of money to begin with.

  • @raninrai
    @raninrai Před 9 měsíci +1

    I have a vending machine too. Just started last week..

  • @PickUps
    @PickUps Před 12 dny

    id also love to know the yearly revenue on the route you bought , and where you have scaled to since. Buying out a business is far different then doing a ground up operation

  • @theunkownmr.562
    @theunkownmr.562 Před rokem +11

    My Dad has a bunch of money sitting in the bank and I want to take his money and start a business with it. He'd be able to buy new equipment right off the bat and I'd run the business on the weekends until I can quit my job. I'm dead serious about starting this type of business.

    • @Krystal_Kitty7
      @Krystal_Kitty7 Před rokem +2

      Do it. Sounds like a good opportunity

    • @giovannigiorgio8962
      @giovannigiorgio8962 Před rokem +10

      "How to lose your dad's monies"

    • @UpFlip
      @UpFlip  Před rokem +2

      Why not? Adam started with the help of his family's money. They believed in his vision, and we hope your family does too. ☺️

    • @tamjeanell
      @tamjeanell Před rokem +1

      Take half and see if can run it and get profit...

    • @ninjaydes
      @ninjaydes Před rokem

      Go small-scale first to see if anywhere in your community has a demand for this kind of service.
      The vending machines at my school don't turn profit because the students get free food often & there's a grocery store a short drive away.

  • @jaydee6361
    @jaydee6361 Před rokem +5

    If you're making 60k a month I can promise you that you're filling those machines more than twice a week

    • @UpFlip
      @UpFlip  Před rokem +2

      They developed a schedule for them to fill the machines. Some machines do well than others. It all depends on the location! ☺️

    • @Kentarius
      @Kentarius Před rokem +1

      Sounds like your jealous

    • @donaldlyons17
      @donaldlyons17 Před rokem +2

      @@Kentarius No he is asking for an honest assessment.

  • @judyconte6566
    @judyconte6566 Před 8 měsíci

    Would love to know more about the exploration date of this food? That's gonna go bad. Also the electric bill for things that have to be kept cold, Et cetera

  • @Tjmorepushups
    @Tjmorepushups Před 9 měsíci +2

    I'm starting to be very intrigued in this whole side of business, so i'm gonna take action & start on the light side with gumball machines. I live in a good area, around a mall, high school/middle school & a couple salons. i will keep myself on low expectations as that can make or break you in business

  • @nickwyatt460
    @nickwyatt460 Před rokem +3

    can you do an episode on porta pottys?

    • @UpFlip
      @UpFlip  Před rokem

      Interesting suggestion! Thanks for the idea! ☺️

    • @Amaymay1000
      @Amaymay1000 Před rokem

      Yuk. You can't pay me enough to service those lol

  • @chrisf1128
    @chrisf1128 Před rokem +7

    🔥🔥