Once you have proven that you have a knack for getting locations, only then would I suggest that you let your earnings accumulate to buy your first lot of ten.
I never buy in larger lots than ten unless I am getting an incredible deal from someone who has given up on their business.
I wanted to find an income-producing asset in the hundreds of dollars instead of the thousands so that I could continue my debt repayment plan and start producing income at the same time.
At the time, I worked as bartenders at a restaurant. â€ Over the rest of the shift, I took notice of how many dollar bills we changed out for quarters.
I am perfectly happy collecting multiple streams of income that are smaller, but low-maintenance; and add up into something to talk about.
If you feel like bulk candy vending is up your alley, I would suggest starting out by buying one machine and approximately worth of candy to fill it at your local warehouse store.
Did it ever occur to you that starting a bulk candy vending business could give you a source of income?
What I have found is that there are different levels to how much work goes into an income stream is; and usually, the more expensive the asset, the more low-maintenance the income.
If I were to calculate an hourly wage for the maintenance I put into my business, it would be about ten times higher than I could get from a decent job.
If you do it right and avoid the scams, bulk candy vending is an excellent way to take your first step toward entrepreneurship by collecting income-producing assets.
While it wonâ€™t get you rich overnight, consider these benefits: The startup costs are extremely low, the return on investment is fantastic, and the amount of maintenance required to sustain a consistent cashflow is very low. What I needed was what I call a , which is a burst of productivity to get me out of a financially distressed state and onto a stronger platform from which I could start my career in real estate.