Are Gumball Machines a Good Side Hustle?

133
Are Gumball Machines a Good Side Hustle?

133 thoughts on “Are Gumball Machines a Good Side Hustle?

    1. @DeviantJam This thing seems more like a toy though, like I think he’s lying about paying 900 dollars for it, also I think the whole thing is fake, but that gumball machine used in the video is definitely not a real one

    2. You can take the whole machine if you want it’s not bolted to the ground or anything it’s literally so stupid 🤣🤣🤣

  1. Now you just need to get many friends who own many restaurants and avoid paying taxes for your income!!
    Genius

    1. That’s why you take the quarters to a coin star machine and get it in cash. Then you can get away with not reporting it. As long as that money doesn’t touch your bank account you’re good

    2. taxes would not be too bad. remember as a business you gain the privilege of paying income tax (most people incorrectly call the REVENUE tax they pay income tax)

      He can subtract the cost and maintenance of the machine as well as the gumballs as well as the mileage driving to the locations to check on them and replenish them. would be pretty easy to keep the taxes at or close to zero until your making enough where taxes are just not that big a deal any longer. IF you get enough locations to set them up.

  2. Him: I ordered one off Amazon for $90.
    Me: I found one sitting at a taco shop for free!! 👍🙌🏼💪🏼

    1. ​​@Sir SantiNo. Efficiency always declines when scale goes up. More machines means more time emptying them. It’s a “side hustle” so how many how many hours do you spend driving around, spending gas, counting quarters, depositing at the bank etc. More machines mean more labor. There’s a threshold of what you can do alone.

    2. @Christopher Sharp well up to a point I’m sure but it doesn’t take that much time to empty a machine and refill it, if you’re smart you’ll put your machines near each other

    3. @Christopher Sharp it is a decent side hustle, only an hour every week or so, it’s not hard to figure out the hours of the establishments you have your machines at

  3. The issue is finding a place that will let you put it in there for free. If they charge anything at all your profit goes out the window.

  4. My mom has this gumball machine, the only downside is that you can use any type of change. She got a new one and leaves this one in the house for the family to use.

  5. Theft can be a problem.
    Im not lying i “handle” this situation.
    You have to fix these things every day

    1. True, but the fact that it pays for the investment in under a year is a pretty impressive rate of return.

    2. @Rabbles the Binx Productions It looks like a pretty simple machine to me. I wouldn’t imagine you’d have to do much repair work in a given year.

    3. ​@Economics Videos You underestimate the ingenuity, audacity, and determination of an endless supply of 11 year olds.

  6. Just remember this is entirely subjective; some places might sell it like crazy and sell out within a week or two, some might sit for months untouched

    1. @Steven Gordonit feels like the case bc I’ve never been interested in having any, but just a decade ago these things were still all over the place, so I assume there’s still some demand even ten years later.

    2. @Steven Gordon There are gumball machines near the place I work at and kids would ask me to replace there 1 dollar bills into quarters so that they could get the gumballs.

  7. The best part is that it isn’t a commercial grade gumball machine so the top doesn’t have a key lock. Anyone can come in and twist off the top and take gumballs for free or your quarters (or both).

    1. Also, they could just use a penny, as any coin will work on this machine. (If they don’t want to commit a crime)

Leave a Reply to Simply Clipz Cancel reply

Your email address will not be published. Required fields are marked *