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 basis of the plan is as follows: You purchase a cheaper gumball machine, and fill it with gumballs. Gumball cost four cents each, and it's completely accepted that gumballs are sold for a quarter. This means that every gumball your machine dispenses earns you twenty-one cents. These machines often carry four hundred at a time, and it's not crazy to sell twice that amount in gumballs every month.
Some simply algebra will tell you that with good sales, you can be incredibly profitable and pull in over $100 a month. And all that can be accomplished for under one hour of work every month. You can start to see how such a business could be a key to your long-term financial goals.
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 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.
I can't make it clear enough that this plan requires work. If you know anything about business you know that business plans that promise little or no work on your part generally end in disaster, and someone is generally profiting off of your failure. The main time investment you have to make is finding somewhere to place your machines. This can be difficult, but don't give up! You will succeed.
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 basis of the plan is as follows: You purchase a cheaper gumball machine, and fill it with gumballs. Gumball cost four cents each, and it's completely accepted that gumballs are sold for a quarter. This means that every gumball your machine dispenses earns you twenty-one cents. These machines often carry four hundred at a time, and it's not crazy to sell twice that amount in gumballs every month.
Some simply algebra will tell you that with good sales, you can be incredibly profitable and pull in over $100 a month. And all that can be accomplished for under one hour of work every month. You can start to see how such a business could be a key to your long-term financial goals.
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 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.
I can't make it clear enough that this plan requires work. If you know anything about business you know that business plans that promise little or no work on your part generally end in disaster, and someone is generally profiting off of your failure. The main time investment you have to make is finding somewhere to place your machines. This can be difficult, but don't give up! You will succeed.
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Be sure to check out this guide on buying and selling businesses and this great resource on the history of gumballs themselves both created quality sources.
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