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| Name | 2-Day Workweek Earns $700K - Vending Machine Business |
| Video Uploader | Video From UpFlip |
| Upload Date | This Video Uploaded At 12-04-2023 13:00:00 |
| Video Discription | 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: https://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 https://hubs.li/Q01L50w40 - Course by Adam Hill https://www.upflip.com/academy - Start, Build & Grow Your Business https://www.upflip.com/blog/how-to-start-a-vending-machine-business - More advice on how to start a vending business on the UpFlip blog https://www.upflip.com/equipment-list - UpFlip's 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 |
| Category | Education |
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