There are a lot of upsides to starting and running a small business or private enterprise, and it allow you to reach your goals and live the life you want. Another big asset of starting a business is that you don't have the soul sucking effects of working for "the man." Because honestly, who wants to work for someone else? Starting today to make money for yourself, and better your own life, instead of making someone else rich, is an awesome change. The problem is most businesses are expensive and time consuming, so you can really own start them if you are already successful. This is okay if you do have lots of money already, but it doesn't help you at all if you're trying to become successful.
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.
If you do the math, with a single gumball machine selling eight-hundred gumballs every month, you have the opportunity to make one hundred sixty-eight a month. One of the great things about the gumball machine business model is that it requires so little effort and work-hours. Refilling the machine could take as little as ten minutes depending upon how far away from your house you place it, and even if it takes you three times that, if you do this twice a month, you're only working an hour a month.
Another big bonus: you can always grow your business. One hundred sixty dollars a month sounds great, but how about over 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 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.
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.
If you do the math, with a single gumball machine selling eight-hundred gumballs every month, you have the opportunity to make one hundred sixty-eight a month. One of the great things about the gumball machine business model is that it requires so little effort and work-hours. Refilling the machine could take as little as ten minutes depending upon how far away from your house you place it, and even if it takes you three times that, if you do this twice a month, you're only working an hour a month.
Another big bonus: you can always grow your business. One hundred sixty dollars a month sounds great, but how about over 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 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.
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.
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Be sure to check out this guide on how to pitch your gumball business to an investor and this great resource on the history of gumballs themselves and each of these get my seal of approval.
