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How to Make Passive Income with Vending Machines
Vending machines have been around for many decades, and while most of us haven’t even seen one lately, they will continue to be around in hotels, barber shops, gyms, building complexes, everywhere. Warren Buffet, himself, made his first mini-fortune buying and setting up pinball machines in barber shops. During a Berkshire Hathaway shareholder meeting, Buffet said “I bought a machine for $25 in 1946 and built a small empire out of it.” If you’re searching for a new business opportunity that requires little time and energy, then take a look at starting a vending machine business. No special skills or training are needed either, yet you can make great money in this tried and true enterprise. This post will show you how to get started.
Why Start a Vending Machine Business?
Like every idea listed on this blog, you’ll need some money to make money. And if you want substantial income you can live off of, your money will need to grow and compound by reinvesting in your businesses and investments. The vending industry is a great way to accomplish long term passive income, because of how little involvement is needed once its up and running. Maybe start with a few machines and then grow from there using your profits.
The real effort comes in the planning. It’s very important you do your research…