- Bri Bucks purchased a vending machine for her hair salon hoping to earn passive income.
- In the first three weeks of operation, Bucks earned nearly $300 from her drink-and-snack machine.
- Here’s her advice on what type of machine to get, where to place it, and what items to stock.
Late last year, Bri Bucks was looking for a way to earn some extra cash on top of what her hair salon and business-coaching businesses. She purchased a snack-and-drink vending machine to put in her salon in the hopes of reaping some passive income.
In the first three weeks of operation, she’s brought in nearly $300 and hopes to surpass $5,500, the cost of the machine itself, before the end of the year, she said. Entrepreneurs on social media have shined a spotlight on the vendingmachine industry recently, sharing tips for getting started and detailing how they’ve earned hundreds of thousands of dollars.
Bucks shared her advice on generating passive income, finding somewhere to place a vending machine, and choosing items to stock.
This is an as-told-to story based on an interview with Bucks that has been edited for length and clarity.
The importance of passive income as a founder
Bri Bucks has multiple side hustles.
courtesy of Bucks
During the pandemic, I started coaching other business owners, especially on leveraging business credit to buy income-producing assets like vending machines.
Income-producing assets that bring passive income are so important to me as a business owner because there’s only a limited window of time — and therefore, a limited amount of money I can make — in a day. I bought a vending machine because we are in the salon all day, our clients are here for hours at a time, and our customer base is a hungry captive audience.
This was a perfect side hustle because we’re always ordering from DoorDash and Uber Eats anyway. So, if I can provide snacks for people while they’re here, it’s a service that is convenient and beneficial to our clients and staff and gives me the opportunity to generate passive income.
Decide on the best type of machine
I decided to purchase a brand-new combo machine, which sells both snacks and drinks, with my line of business credit, which I suggest founders get separately from building personal credit. After purchasing, it took about two months for the machine to arrive.
I decided on a machine with a card reader …….
