6. Finance your vending machines ($0)
You obviously need a vending machine to run your business. These can be financed and only recommend doing this if you have no other options
Total: $1,000
5. Save remaining for inventory ($250)
After you secure your location you will need inventory for your machines, so set money aside to purchase it. Donβt purchase inventory before you have your machines.
Total: $1,000
4. Hire a Vending Locator ($200)
If youβre someone who works full-time and doesnβt have time to spend hours cold calling than this is a great option.
Finding leads to locations are hard but you can use resources like https://t.co/mOPG27khhh
Total: $750
3. Build a Business Website ($200)
Having a website for your business is crucial. It shows your professionalism and helps you secure more locations.
Total: $550
2. Buy A Wholesale Membership ($100)
This is a must because you have to buy products for your vending machines in bulk. Places like Samβs Club, BJβs, and Etc are great resources but you need a membership to buy anything from the store.
Total: $350
1. Create your LLC $250
This is important because it provides legal protection when your place your first vending machine.
Some locations will also require that you have it before you can place your vending machine in there establishment.
Total: $250
4. There is No Foot Traffic
This one is simple, if there are No People, there will be No Sales. Your vending location should 30 people there daily or more daily.
3. There is No Demand
If none of the staff or visitors are asking for vending machines then it might not be a good idea to place them.
Most staff in locations are excited when they see you taking measurements for machines, look for that excitement.
2. There is Too much Competition
If there are a lot of food options in walking distance or if there are other vending machines in the location, this is a sign to be cautious.
You will make the most money with vending locations that are isolated
1. They have Short Hours of Operation
If an establishment is only open a few days per week (3-4), or they are only there a few hours on days when they are open; this is big sign to stay away.
If they are not open, there will be no foot traffic and no opportunity to make money
1. SOME FRIENDS WILL START ACTING DIFFERENT
Your growth will make certain people uncomfortable.
Not because you changed, but because your progress exposed their stagnation.
2. PEOPLE WILL QUESTION YOUR METHODS NOT YOUR RESULTS
They cannot deny you are winning so they attack how you got there.
Success makes you a target for opinions you never asked for.
3. YOUR FAMILY MIGHT NOT UNDERSTAND YOUR VISION
They love you but they do not always see what you see.
Sometimes the people closest to you are the last ones to believe in the dream.
4. YOU WILL FEEL GUILTY FOR OUTGROWING PEOPLE
Survivors guilt hits different when you are the only one who made it out.
Remember, shrinking yourself helps nobody.
5. LONELINESS GETS LOUDER AT THE TOP
Fewer people can relate. Fewer people can be trusted.
The climb is crowded but the summit is quiet, prepare yourself for that silence.
7. THE PERSON WHO STRUGGLES THE MOST WITH YOUR SUCCESS WILL BE YOU
Imposter syndrome. Self-doubt. Wondering if you deserve it.
Winning is loud on the outside and terrifying on the inside, and nobody tells you that part.
6. NEW PROBLEMS REPLACE OLD ONES, THEY DO NOT DISAPPEAR
Money solves money problems. But it creates pressure, visibility, and responsibility.
Every level has a new devil
5. LONELINESS GETS LOUDER AT THE TOP
- Fewer people can relate. Fewer people can be trusted.
- The climb is crowded but the summit is quiet, prepare yourself for that silence.
4. YOU WILL FEEL GUILTY FOR OUTGROWING PEOPLE
- Survivors guilt hits different when you are the only one who made it out.
- Remember, shrinking yourself helps nobody.
3. YOUR FAMILY MIGHT NOT UNDERSTAND YOUR VISION
- They love you but they do not always see what you see.
- Sometimes the people closest to you are the last ones to believe in the dream.