March 19, 2024
The art of launching a vending machine business is examined in a recent Wall Street Journal report that highlights the challenges involved and how social media channels are playing a role in giving a slightly imperfect view of making big bucks in vending.
While the business plan may appear simple — buy machines, items and keep machines stocked — if there isn't enough foot traffic buying the profit capability can stall quick.
There's also big competition in the $18 billion dollar industry, according to the report.
A key business aspect is keeping track of inventory and finding the right to place to house inventory and, of course, finding a busy and profitable machine site.