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How to Start a Vending Machine Business

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What’s a vending machine business?

Looking for a low-risk business to replace your full-time income? Try vending machines! Vending isn’t just snacks and drinks anymore. And in the right location, it’s hugely profitable with minimal time invested. While you’re here, grab your free copy of the 5 Building Blocks of a Happy Gay Life.

Hear Lakinya’s advice on vending machine business

Investing in a vending machine

Lakinya Francis is the Founder of iKrave Vending, a consulting firm dedicated to helping aspiring entrepreneurs build their own vending machine business. Lakinya offers a series of online training courses as well as 1:1 mentoring to support clients, and she is on a mission to help people achieve financial independence through vending machine operations.

On this episode of Queer Money®, Lakinya joins us to explain why vending is better than having a brick-and-mortar store and share the diverse range of outside-the-box products sold in vending machines today. She describes the startup costs associated with vending, the time it takes to service machines, and the potential profit you can earn with a vending business. Listen in for insight on pitching a machine to property owners and learn how Lakinya can help you launch a business in vending!

[click_to_tweet tweet=”“If you have kids, this is a perfect way to involve them in a fun business to get them going and teaching them some financial things.” – Lakinya Francis” quote=”“If you have kids, this is a perfect way to involve them in a fun business to get them going and teaching them some financial things.” – Lakinya Francis” theme=”style3″]

Topics covered with Lakinya Francis

  • The diverse range of outside-the-box products people are vending now
  • What makes vending better than having a brick-and-mortar store
  • The startup costs associated with becoming a vending machine entrepreneur
  • What profits look like in vending and how soon you could start to make a profit
  • How you might scale a vending business to replace your income
  • How Lakinya’s clients are having success with vending beauty products
  • How long it takes to load and clean a pair of machines on a weekly basis
  • How to pitch a vending machine to a property owner
  • When Lakinya suggests securing general liability insurance for your machine
  • Where to buy items wholesale to fill your vending machines and what products have the best ROI
  • How to decide where to place your vending machines for the best return
  • How Lakinya can help you launch a vending business of your own

Connect with Lakinya

5 Building Blocks of a Happy Gay Life

Resources for your vending machine business:

Note: This article contains affiliate links, meaning we’ll receive payment at no cost to you if you buy through these links. We only recommend products we use or thoroughly vet and would recommend to our moms.  Buying too many of these is how you live fabulously broke. To live fabulously with financial security, start here.

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