Is Vending Machine Income Passive?
The term “passive income” has been tossed around online for a number of years to describe a business activity that produces a profit with little to no effort. Don’t get us wrong, earning money with minimal effort is an attractive idea, but it can also be a pie in the sky. Unless you’re a silent partner, or earning dividends from large investments, you’re going to have to put in some elbow grease to make your American Dream come true.
One venture, however, happens to require less effort than others.
Enter: vending machine businesses.
With qualified locations and desirable on-the-go products, owning and operating vending machines can provide a worthwhile return on investment—all for less investment in time and money than other businesses. Plus, the vending industry is unmatched in its flexibility. That means, depending on how many machines you operate, it can provide extra income as a side hustle or even replace a full-time salary.
It also means flexibility in your schedule. Don’t want to work nine to five? Restock your machines at night, or early in the morning—whatever works best for you and your schedule. Owning and operating a vending machine business gives you nearly complete freedom over your time.
But let’s be clear: a vending machine business is, well, a business. That means it takes effort to locate qualified locations; it takes time to restock machines; it takes business savvy to select the products most likely to be profitable in each location. And there is some work involved in monitoring each machine’s performance and adjusting strategy to ensure business success.
So, is vending machine income passive? No. At least not in the sense that it requires minimal effort. Unless, as mentioned earlier, you are a silent partner or hire others to handle most of the day-to-day operations.
But it’s rewarding! Especially if you know your business is helping the community in a meaningful way. Let’s face it, traditional vending machines, stocked with confectionaries, baked goods of questionable origin and sugary drinks aren’t doing anyone’s health any favors. But, luckily, these threats to personal wellness are quickly losing ground amid the movement toward healthier diets and lifestyles due, in part, to healthy product vending machines.
In order for a vending machine business to be successful in our modern, health-conscious world, it needs to offer healthier choices than what’s commonly found in these sources of convenient, on-the-go sustenance.
So, here we have it: vending can be profitable, flexible and less expensive in both upfront investment and time. It does, however, take some reasonable business savvy and work. Luckily, Healthy YOU Vending can help you find success in the growing healthy vending industry.
We train you, or teach your employees, how to operate the machines. And you can monitor the performance of your business from the comfort of your home with our remote machine monitoring software. Simply put, Healthy YOU Vending gives you the power to take charge of the day-to-day operations yourself or manage it from a distance with employees that restock and maintain your machines.
Healthy YOU Vending provides franchise-level support, lifetime coaching, an online support center and even location procurement services to our independent vending machine operators. Yes, you read that right: independent.
Our operators run their businesses the way they want, not the way we say. In short, we aren’t a typical franchise; we’re better than a franchise. We offer much of the same support as a franchise, but without the ongoing royalties. On average, franchisors require franchisees to pay between 5 and 6% of gross profits in order to continue operating. These ongoing royalties never end. Plus, they commonly place restrictions on how you can grow your business.
Healthy YOU Vending knows our operators work hard. That’s why we never take their hard-earned profits in the form of ongoing royalties, inhibit their business growth or place silly regulations that require strict adherence. But we’ll always be there to help you succeed. If you’re interested in the quickly growing world of healthy vending, contact us today and learn how to get started.