Considering how much people steal in walmart, i dont see this going well unless this is mainly added in secured places
It's much harder to steal out of a vending machine than it is to grab something off a shelf in a store and walk out.
Chasing Passive Income, Americans Turn to Vending Machines
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Re: Chasing Passive Income, Americans Turn to Vending Machines
#22Considering how much people steal in walmart, i dont see this going well unless this is mainly added in secured places
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Re: Chasing Passive Income, Americans Turn to Vending Machines
#23Buy my course on vending machines
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Re: Chasing Passive Income, Americans Turn to Vending Machines
#24This isn’t Japan half the cost will be in securing the machine from vandals and thieves
One would think there would be a higher rate of vandalism in Asian societies as all it takes is one with a crowbar[1] and the more prominent mask wearing culture.
1 https://japantoday.com/category/crime/charges-dropped-agains...
Re: Chasing Passive Income, Americans Turn to Vending Machines
#25I looked into doing this in the 2010s and it’s really an enormous pain in the ass to scale. A lot of the turnkey options were pretty much scams too. Machines that vended DVDs were popular back then. You have to find the hot spots, negotiate for the space, deal with any vandalism, reload the machines, respond to problems. Not what many would consider “passive”
> You have to find the hot spots, negotiate for the space, deal with any vandalism, reload the machines, respond to problems. Not what many would consider “passive”
I’ve spent a lot of time in various solopreneur, micropreneur, and indie hacker communities. One thing you have to understand is that for a large majority of people (we’re talking 90%+), the alternative to not-quite-passive income, isn’t a cushy software engineering job or even a job in tech. It’s working grueling hours under the heel of some asshole manager or owner jerking you around 12 hours per day while you sweat your ass off in unpleasant conditions.
All the hassle you described sounds like a beach vacation compared to stacking boxes in a warehouse or cooking brunch in some greasy restaurant or bar.
I used to mentor an ex head chef who got into software engineering through a bootcamp and the stories she would tell … wow. She said that just being able to take a bathroom break whenever felt like a luxurious perk.
Re: Chasing Passive Income, Americans Turn to Vending Machines
#26This isn’t Japan half the cost will be in securing the machine from vandals and thieves
One would think there would be a higher rate of vandalism in Asian societies as all it takes is one with a crowbar[1] and the more prominent mask wearing culture. 1 https://japantoday.com/category/crime/charges-dropped-agains...
Goes to show it is culture, and not tools that lead to crime.
Re: Chasing Passive Income, Americans Turn to Vending Machines
#27The next rent-seeking scam to pitch to the incoming generation. I'm surprised Fannie and Freddie aren't offering financing for vending machines too.
This was already an “entrepreneurship” fad pretty recently. Maybe 15 years ago.
At one sucker born every minute, 15 years sounds like enough minutes to sustain a new fad.
Re: Chasing Passive Income, Americans Turn to Vending Machines
#28This isn’t Japan half the cost will be in securing the machine from vandals and thieves
One would think there would be a higher rate of vandalism in Asian societies as all it takes is one with a crowbar[1] and the more prominent mask wearing culture. 1 https://japantoday.com/category/crime/charges-dropped-agains...
The mask-wearing is quite common in the US these days. It appears that many people experiencing unbought merchandise like to stop the spread.
Re: Chasing Passive Income, Americans Turn to Vending Machines
#29Anything to disrupt the everything-via-cloud model. Yes, please, more, don't stop. Fine good useful nice stuff & stock it in bizarrely accessible places.
If anything I'd believe demand is mostly gated on having fairly low expectations of what's available. I fully believe this could expand up & out, that vending machines could provide much much more, if they maintain their well-stockedness & are expansive enough so that we get some curatorial interesting nice shit from our local machines.