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 four hundred-ball capacity, and if you refill it twice, you can sell twice the capacity over the course of a month.
This becomes really profitable when you realize that at cost, you can make one hundred sixty dollars a month, only working one hour (this is assuming it takes you less that thirty minutes to service the machine each time you go to refill it, which is a pretty safe bet).
Another big bonus: you can always grow your business. One hundred sixty dollars a month sounds great, but how two thousand dollars a month? Because the profits you make from one month can easily cover the cost of the next machine, for every gumball machine you operate, you can place a new machine every month. This roughly follows the Fibonacci sequence.
Because every gumball machine allows you to buy another vending machine after one month, the growth is near exponential. You could be earning $2184 at the end of the fifth month. This kind of growth is really stunning, and only requires minimal work on your part.
This is not a get rich quick scheme. If you know anything about business you know that these schemes generally end in disaster, and someone is generally profiting off of your failure. This kind of business plan does require work-finding places to set up your gumball machines can be really hard, but it is worth it.
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 four hundred-ball capacity, and if you refill it twice, you can sell twice the capacity over the course of a month.
This becomes really profitable when you realize that at cost, you can make one hundred sixty dollars a month, only working one hour (this is assuming it takes you less that thirty minutes to service the machine each time you go to refill it, which is a pretty safe bet).
Another big bonus: you can always grow your business. One hundred sixty dollars a month sounds great, but how two thousand dollars a month? Because the profits you make from one month can easily cover the cost of the next machine, for every gumball machine you operate, you can place a new machine every month. This roughly follows the Fibonacci sequence.
Because every gumball machine allows you to buy another vending machine after one month, the growth is near exponential. You could be earning $2184 at the end of the fifth month. This kind of growth is really stunning, and only requires minimal work on your part.
This is not a get rich quick scheme. If you know anything about business you know that these schemes generally end in disaster, and someone is generally profiting off of your failure. This kind of business plan does require work-finding places to set up your gumball machines can be really hard, but it is worth it.
About the Author:
Here are links to a fantastic article about how to purchase a business and this great resource on the history of gumball machines and each of these get my seal of approval.
No comments:
Post a Comment