Can you really create a passive income by purchasing vending machines and adding them to various different locations? There is certainly opportunity and a lot of money to be made within the vending machine industry, but how difficult is it really?
And do the cons outweigh the pros?
Or are we looking at a pure gold mine to make money on the side?
In this article I will talk about this system from Mohamed Keita who claims that he has the secrets to creating a successful vending machine business.
I found this system on Gumroad and immediately wondered how profitable such a business can be.
That’s when I done some research and boy did I discover a lot.
So let’s see what this program is about and if it actually works.
What is Mohamed Keita’s Vending Machine Program?
This an e-book created by a man named Mohamed Keita, who has created a successful vending machine business earning around $3500 per month (according to his Instagram account and landing page).
What caught my eye was that he is making this type of money from over 5 vending machines.
The keyword here is “over”, meaning it’s bound to be much more than 5 vending machines.
And after doing my research on this industry, having 5 machines makes you a beginner and you’ll barely earn $1000 per month.
So either Mohamed is lying, or he’s found some great locations to place his machines.
That is really the key to creating huge profit.
As many people have found out, this business can go smoothly and easily, and others have had nothing but bad experiences.
You definitely have to do your research before embarking on this type of journey.
So let’s see what else Mohamed knows that helps newbies create a passive income.
The Truth About the Vending Machine Business
Before we look at the testimonials and whether or not this system is legit, I want to talk about this industry.
When I first saw this e-book on Gumroad I was in intrigued.
It seems like a great opportunity that requires minimal startup cost and then passive income thereafter.
However, I discovered that it’s just like any business.
You need to do your research before you go buying a vending machine and putting it anywhere you want.
- Refurbished is a better ROI than brand new
- Vending machines with credit card readers work best in high foot-traffic areas, and barely used in low-traffic areas
- It’s best to learn your machine so you can repair them yourself if they break down (most people don’t know how to repair them)
- It’s best to have a “route” you follow every week. Therefore you can fuel up and restock all at once, saving you time to spend on other ventures
- Businesses with 25+ employees work incredibly well
- You don’t always have to offer a commission unless they ask. Most businesses see it as convenience for their employees and customers
These are just some of the tips that I found on the internet, but Mohamed has many many more that he’s learned from his own experiences in this industry.
Mohamed claims that he started his vending machine business all while doing his 9 -5 job, and earning over $1000 in his first 6 months.
And now after many years in the business and over 5 machines in his arsenal, he’s able to generate a monthly income of around $3500.
To be honest, that’s not unbelievable at all and actually a realistic claim, unlike others who say their “new Bitcoin system” will earn you $500 in your first day.
$1000 after 6 months of work is pretty average, making these claims very believable.
I actually just done $900 on this blog after working on it for 8 months.
Mohamed also has testimonials about the e-book to backup his system, further proving that he’s legit and doesn’t need to hide anything.
What Do You Get in the Training E-Book?
Here’s what the e-book outlines
- A breakdown of the vending machine industry
- Branding your business
- How to find and secure the best locations
- How to purchase vending machine routes (if you can find one that’s already generating income, you can speed up the process and begin making money immediately)
- How to analyze deals to make sure they’re profitable
- Where to buy vending machines and credit card readers
- Where to buy the products for maximum profits
- Additional tips and tricks
To be honest these are very good tips that are mandatory when starting out.
There are many newbies who have to go on Reddit and ask for these tips for the inside scoop.
However, Mohamed has put all of his knowledge in one place, making it easily accessible for anyone looking to get into this industry.
What I Like
You Learn a Lot About Business
Even if you’re a complete beginner and have no prior sales experience, you’ll be put in front of business owners and pitching your vending machine company.
You’ll learn invaluable sales skills that can carry on to other parts of your life (maybe another sales job later on).
Low Startup Cost
It’s a low startup cost in the traditional sense, as in, most new businesses can require upwards of $30,000 and more.
Well let’s say you purchase 5 machines at $2,000 each (on the higher end), that is only $10,000.
And if the business owner wants a commission, offer them 100% commissions on all sales in the first month.
It’s a win-win. You create a good relationship, you land the deal, and you create convenience for everyone.
The Creator Has Done It Already
It’s always a good sign when you see someone talking about how they made money with something, WHEN THEY’VE ACTUALLY DONE IT.
This means they’re qualified to give advice.
It becomes a problem when people try to sell you something that they haven’t even done before.
A good example of this is the “making money online” niche…something that’s absolutely saturated by people making money online by telling others how to make money online.
They’ve had no experience in the online world other than they know how to sell a pipe dream.
Personally I’ve made money many ways online through a variety of niche sites (camping, shoes, etc).
That’s why I’m qualified to talk about making money online.
And that’s exactly why Mohamed is trustworthy because he’s made money from the thing he teaches.
What I Don’t Like
Requires A Bit of an Investment
Now you don’t HAVE to go and spend $10,000 worth of vending machines, but it’s recommended.
If one doesn’t perform well in the beginning, others can make up for it.
However, you can definitely start with one machine in the beginning, just don’t expect to make a lot of money.
It’s Not Completely Passive
Mohamed Keita says that this is a passive income opportunity, but it’s not passive at all.
It’s more like a side hustle to supplement your monthly income, or to scale up and make bigger.
Once you get bigger it requires a more hands on approach, making it a part-time job.
The more vending machines you have, the more money you make and the more work it requires.
Eventually, if you have enough vending machines, you’ll probably be working on them everyday.
You Either Go Broke, Go into Debt, or Prosper
After doing research online I have discovered that many people go into debt, broke, or barely break even.
And that’s because they don’t do the proper research.
Others are absolutely killing it.
The biggest difference between the successors and failures is that the winners are doing their research.
Fortunately Mohamed Keita talks about this in detail so that you don’t end up losing money or going into debt.
Frequently Asked Questions
Can You Make a Full-Time Income?
Yes, the more vending machines you have the more money you make.
The downside is that it defeats the purpose of passive income in the first place.
If you go into this business expecting free monthly money, you’ll quickly be let down as you’ll be re-stocking and repairing all the time, especially when you get bigger.
But yes, full-time income is completely possible.
Can You Hire Someone to Maintain Them?
Yes, you can hire someone to maintain your vending machines.
I think this is a really good idea and something I recommend.
Keep in mind that you will have to train someone up on your route, repairing broken down machines, and general maintenance (cutting down on your overall profits).
Should I Buy a Vending Machine Business or Start New?
Sometimes it’s better for your time and energy by purchasing a vending machine business.
An example is that someone’s bought a machine, secured a location and made a consistent monthly profit, and now they just have to sell it to someone.
That’s where you come in with your dough and begin making money right away.
These locations can sell anywhere between $5,000 to $15,000 depending on how much money the machines earn monthly.
So yes, it’s definitely worth considering a business already.
The good news is that Mohamed talks about this in his e-book so you can see which ones are worth purchasing or not.
Do I Have to Sell Snacks and Drinks?
It’s possible to generate a profit by selling other things, however, Mohamed likes to keep things simple to make it easier for newbies to learn the ropes.
When you start selling hot pizzas, phone chargers, and even socks, that’s when things start to get a bit tricky.
Sometimes you can make bank but other times you might fail miserably.
And I wish I was joking about the hot pizzas, but it’s actually a thing.
Do I Recommend Mohamed Keita’s Vending Machine E-Book?
That’s going to be an easy yes.
It’s only $50 on Gumroad.com at the time of writing this article, and value-packed.
You’re getting information straight from the horses mouth, someone that’s been and done it.
Plus he has students that’s implemented the training and made money.
Now it’s your turn to make some money in the vending machine industry.
Or you can try something else that doesn’t require you to leave the house at all, which is actually my #1 recommendation today.
But before we move forward I’d like to give my final verdict on the vending machine course.
Verdict: Legit, can make good money, affordable, good for newbies
My #1 Recommendation
As I said earlier, you’re going to need quite the investment to get started in the vending machine business.
If you don’t have that sort of startup cost and would rather try something else that won’t break the bank, you might want to consider creating a blog.
Blogging is truly passive once you get the ball rolling.
Less than 100 articles will result in a part-time income, while hundreds of articles can land you a full-time income.
And it’s all done from the comfort of your own home, which is the reason I recommend it to everyone looking to make passive income.
The training I recommend is the same thing that I used when I first started roughly 6 years ago, is called Wealthy Affiliate.
And they have a free trial so you can sign up, have a look around and see what you’re getting yourself into before handing over any money.
In saying that, good luck in whatever you do and I hope you have a great day!