The vending industry is one of the few industries that has continued to grow since the recession. The vending machine business was worth $9 billion in 2017, which is a 38% increase from 2008. This article will explore why investing in vending machines could be your “golden ticket” and how you can get started with this recession-proof business opportunity for 2021 and beyond!
- vending machines have a high ROI
- vending machine businesses are recession-proof because customers always need to eat and drink while they're on the go. In addition, we provide baby products that parents are always running out of and never seem to have enough of.
- vending machines occupy little space, don't require much maintenance or labor costs, and make money all day long without you having to worry about them. They sell themselves!
- vending machines are perfect for you if your full-time job is restricting your ability to grow a business on the side.
-Vending machines are the epitome of passive income because you can literally watch your money work for you as transactions
- vending machine businesses allow for flexibility in where you operate, and the hours that will work best with your schedule. Many people who have successful vending machine businesses don't even need to be at the location they own because all they do is drop off the vending machine, make a few bank deposits and then go on with their day.
- vending machines are an easy way to get started in entrepreneurship because it allows you to start small without heavily investing in inventory or machinery
- if your goal of starting a business from home is for independence, vending machines give you that independence you desire because vending machines are the perfect business for people who have jobs and have children.
Pivoting During And After The Pandemic
Since the arrival of the coronavirus in the United States, employers were forced to shift employees to remote work. As we climb out of the pandemic, employers are starting to force people back into the workplace and not everyone is happy about it.
Some people who had been working remotely for a year or more are not ready to return because they have no interest in the work. They feel like their time off was well used and now want to move on to something new; maybe even start another business!
Others don't want to go back into the office at all, especially when they're working from home. They've been living a more balanced life, and know that their kids are back in school again, it's time to return to the office and be chained down again?
The final group of people who don't want to go back into the office is those who were fed up with workplace politics and drama. This pandemic was their chance to get away from those coworkers and managers that make their skin crawl or work on their last nerve. Sadly, the thought of returning to the workplace is causing thousands of people to experience a host of negative emotions and feelings. In fact, many people like the ones reading this article are considering going into business for themselves instead of returning to their 9-5 job.
The Bottom Line: Employers have been pushing people back into the workplace since we climbed out of the pandemic and more employees are exploring how they can start a business of their own. If you exploring your options of what business you are going to start, we'd invite you to read one of our articles about the vending machine business.
The Vending Machine Industry Prospers In All Economic Climates
Investing in vending machine business is a good idea for anyone who wants to make money while they sleep. There are vending machines that dispense everything from baby products, food items, magazines, and even luxury goods like clothes or shoes. The vending industry has proven throughout history to be a recession-proof business because not only does it provide people with something to eat or drink while they're on the go, they perform extremely well when placed in convenient/high traffic locations.
Vending machines should be placed in high-traffic areas where people are usually hungry and thirsty. According to the National Association of Convenience Stores, convenience stores account for 43% of all vending machine locations and they average $51 million a year from vending alone.
Vending machines should also be placed in areas where people spend a lot of time such as airports, hospitals, universities, and office buildings, apartment complexes, hotels, shopping malls, neighborhood convenience stores, entertainment venues, and sporting events.
Is Investing In Vending Machines A Good Idea?
Baby Vend unlimited is a specialized product provider and literally offers the only black-owned baby vending machine on the market. The specialty product demand is unfathomably high. Parents everywhere are taking their babies and young children everywhere they go and unfortunately, the only place you can get baby products like diapers and wipes is at a grocery store.
So, if you leave the home, you must be prepared or else your day can be turned upside down in a heartbeat. If a child has a wet diaper or is in need of formula or a snack, you'll be hard-pressed to find a solution. When you are on the go, the nearest supermarket can be lightyears away from a parent's current location.
How awesome would it be to be a part of a company that provides a convenient solution to a problem that is going to reoccur on a daily basis guaranteed?
Let's face it, families across the U.S. are going to travel for pleasure or for work and they are going to forget to bring their child's diaper bag or they are going to unexpectedly run out of wipes, diapers, and snacks at the worst possible time. Remember Murphy's law? Whatever can go wrong, will go wrong. Hence the reason why Baby Vend came into existence.
Do You Know How To Purchase A Vending Machine?
The vending machine industry is an excellent investment opportunity and a recession-proof one at that! If this post has intrigued your interest, I encourage you to read through more about vending machines on our website. We're happy to help answer any question through email or a quick consultation.
If you are thinking of jumping into the vending machine business, you'll want to reach out to one of our consultants and take the next step in the exploration process by clicking here.