Running your own business can be rewarding and profitable, and ultimately lead to a life of wealth and financial stability. It can also give you a sense of pride and fulfillment that is hard to get when you're working for someone else. Why wouldn't you want that? The only drawback to this is that starting your own business requires a lot of time, and a substantial amount of start up capital. If you don't have all the time in world or large amounts of cash reserves lying around, starting your own business may seem hard or impossible.
This is where gumball machines come in. Gumball machines produce a steady profit (of almost a quarter per gumball) and the only time required to run such a business is the time it takes to refill a gumball machine, which is generally under an hour. The best part is that gumball machine prices are often quite low. I dare you to find another business that can be started for under a hundred dollars and requires little effort.
The gumball machine business plan is really quite simply. You find yourself a cheap gumball machine and buy it, then stock it full of gumballs, purchased for about 4 cents each. You place the machine somewhere and sell the gumball for a quarter each (this is really just an accepted fact of life-you don't have to convince anyone that a gumball is worth a quarter). A lot of gumball machines have a 400-ball capacity, and if you refill it twice, you can sell 800 over the course of a month.
Some simply algebra will tell you that with good sales, you can be incredibly profitable and pull in over $100 a month. And all that can be accomplished for under one hour of work every month. You can start to see how such a business could be a key to your long-term financial goals.
This business model is also readily scalable. Because you'll make $168 the first month off of only one gumball machine, you can pay for a second vending machine and stock it full of gumballs for less than your profits from the first month. You can take the profits; invest them in another gumball machine, and double your profits for the coming month. You can follow your potential growth with the Fibonacci sequence.
Because every gumball machine allows you to buy another machine after one month, the growth is exponential. If you multiply these values by your profit per gumball machine, you can make exceptional revenue after several months.. This kind of growth is really stunning, and only requires minimal work on your part.
I can't make it clear enough that this plan requires work. If you know anything about business you know that business plans that promise little or no work on your part generally end in disaster, and someone is generally profiting off of your failure. The main time investment you have to make is finding somewhere to place your machines. This can be difficult, but don't give up! You will succeed.
This is where gumball machines come in. Gumball machines produce a steady profit (of almost a quarter per gumball) and the only time required to run such a business is the time it takes to refill a gumball machine, which is generally under an hour. The best part is that gumball machine prices are often quite low. I dare you to find another business that can be started for under a hundred dollars and requires little effort.
The gumball machine business plan is really quite simply. You find yourself a cheap gumball machine and buy it, then stock it full of gumballs, purchased for about 4 cents each. You place the machine somewhere and sell the gumball for a quarter each (this is really just an accepted fact of life-you don't have to convince anyone that a gumball is worth a quarter). A lot of gumball machines have a 400-ball capacity, and if you refill it twice, you can sell 800 over the course of a month.
Some simply algebra will tell you that with good sales, you can be incredibly profitable and pull in over $100 a month. And all that can be accomplished for under one hour of work every month. You can start to see how such a business could be a key to your long-term financial goals.
This business model is also readily scalable. Because you'll make $168 the first month off of only one gumball machine, you can pay for a second vending machine and stock it full of gumballs for less than your profits from the first month. You can take the profits; invest them in another gumball machine, and double your profits for the coming month. You can follow your potential growth with the Fibonacci sequence.
Because every gumball machine allows you to buy another machine after one month, the growth is exponential. If you multiply these values by your profit per gumball machine, you can make exceptional revenue after several months.. This kind of growth is really stunning, and only requires minimal work on your part.
I can't make it clear enough that this plan requires work. If you know anything about business you know that business plans that promise little or no work on your part generally end in disaster, and someone is generally profiting off of your failure. The main time investment you have to make is finding somewhere to place your machines. This can be difficult, but don't give up! You will succeed.
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Here are links to a fantastic guide on how to pitch your gumball business to an investor and this great resource on the history of gumball machines and each of these get my seal of approval.
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