Vending machines are very big money makers. You buy a machine that sells products itself. They accept money, give the correct change if necessary, dispense the product, and then the next customer comes along. Some vending machines, like the ones that dispense gumballs, don't even require electricity!
     Although not typically used by the rich, they can help you get started in acquiring the cash you'll need to purchase larger assets.

     How they produce passive income: Small gumball machines can make about $20.00 to $50.00 per machine, per month. Larger soda and snack machines can make anywhere from $200.00 to $500.00 a month.

     How to create this asset: To start earning money with vending machines, you must first decide which vending machines you would like to operate. Do you want to have a couple soda and snack vending machines? Or do you want 20 or 30 tiny gumball machines? Soda and snack vending machines can be purchased for about $600.00 to $3,000.00 a piece while the gumball machines (which can also dispense small candy such as Skittles™ or Runts™) can be purchased for a little over $100.00 a piece.

     After purchasing the vending machines, you'll need to find locations for them. Finding locations for the small gumball machines can be pretty simple. They can be placed in many different places such as local restaurants, waiting rooms, hotel lobbies, employee break rooms, and supermarkets. Just casually walk into the place where you would like to put your gumball machine, and ask the manager if they would be willing to let you place a gumball machine in his or her store. There are two ways to get locations quickly and easily. The first is to offer the store a percentage of the profits, say like 20%. The second is instead of giving the store a percentage, you donate a percentage of the profits to charity. Managers usually don't have a problem allowing a gumball machine in the store if it's for charity.

     To find locations for larger soda and snack machines, you'll have to call around, and offer the business a percentage of the profits. Soda and snack machines do well in school cafeterias, employee break rooms, office building rooms, laundry mats, and in hotels.

     After securing your location you'll have to maintain the vending machine. Gumball machines only need to be filled up about once a month. Gumball's can be purchased in bulk at your local Costco or Sam's Club. In total, each gumball costs about one cent, and are sold for twenty five cents. Soda and snack machines need to be filled about once a week, but do not have good profit margins like the gumball machines. You can buy the soda and snacks for your machines at your local Costco and Sam's club as well.

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