Man reveals insane amount he makes from vending machine business
A YouTuber has revealed the insane amount of money he makes from his vending machine business.
In a time when prices are going up and everything costs more than ever, people are taking it upon themselves to earn an extra bit of cash. Some are selling their retro items or starting their own businesses, while others are taking on side hustles to help cover growing costs.
One man showed just how much money a laundrette in the US can make, which might surprise you.
Now, a young man who built a channel on his entrepreneurial journey reveals his life as a vending machine business owner at just 23.
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YouTuber Everything DSK shows exactly how he stocks his machines and makes a ton of money from people craving a quick snack.
In the video, DSK explains that he only purchases items that offer a '100% markup' on snacks and advises against buying from deals or special offers, as they usually have shorter shelf lives.
Shopping at Costco, Sam's Club and other bulk-buy stores, the content creator shows the range of snacks he purchases, including Honey Buns, Oreos, Skittles and Lance crackers. He demonstrates that buying 60 cookies for $13.98 and selling them for around 75 cents each would make a markup of around $31.02.
However, the reality of the business has its downfalls. DSK admitted that one of his machines had been forced open and that goods had been stolen, so he had to add extra locks to prevent it from happening again.
While he didn't reveal the amount of money he was raking in from the business initially, it was clear from the bills he was pulling out of the machines that he earns a decent amount from them.
Then, in another, more recent video, DSK showed a day in his life as a vending machine owner and broke down his profits.
At one location, he admitted to making $593.60, while another machine inside a rehabilitation centre raked in $937. Combining these with card payments and coins, the total amount DSK earned from one day came to a whopping $1,879.30.
This appears to be the total amount before expenses are deducted, which would include things like a toolkit for repairs, coin and money counters, and any rental costs to place the machines in certain locations.
Giving advice to help others who are thinking of starting their own vending machine venture, DSK recommends choosing your location first, as 'better locations are better than more locations.' He also advises purchasing snacks and drinks that you think customers might like rather than items you personally like.