Business ideas

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VENDING MACHINES

 

Do you have spare time to run a vending machine business? If yes, then this can become quite a lucrative business for you. Vending ideas:

 

  • On Gumtree and OLX there are good second-hand cold drink, chips and chocolate machines that regularyly go on sale. Before diving in, think about a suitable site. Remember the Kiddies rides issues? Also, do not pay for  machine before seeing and testing the machine. Test all functions. Especially the coin mechanism. Repairs can be costly.
  • There are machines that sell cigarettes. There is a significant market for this in South Africa.
  • What about a photobooth? These are quite expensive so be careful on where you place these. It needs to be touristy.
  • You can also become an airtime and electricity vendor and earn commissions all sales.

Vending pitfalls to be aware of:

Repairs can be costly, especially for second hand machines.

You need to always ensure that you have sufficient stock in the machine.

Finding a location can be tricky. You will need a high traffic area where the product will be in need.

 

 

INVESTMENT PROPERTY remains the most fail-safe method to earning a significant passive income and ensuring an early retirement!

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