Wealthy use debt to buy future cash flow everyone else uses debt to buy stuff (2020)

Re:Wealthy use debt to buy future cash flow everyone else us... by hutch120 on Sunday May 09, 2021 @06:55PM (#27100633)

I looked into vending machines many years ago and the overheads were massive. Insurance, maintenance, local government approvals, stocking, supply chain issues, vandalism, and the list goes on and on... it is a business where you must scale. You need to be running a fleet of vending machines to make it worth the hassle. There are some interesting companies tackling some of these issues in the IoT space.

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Re:Wealthy use debt to buy future cash flow everyone else us... by pmorici on Sunday May 09, 2021 @07:23PM (#27100835)

A well off friend of mine bought a vending machine business it turned out to be a major mistake. Major time suck, slim to negative profits.

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Re:Wealthy use debt to buy future cash flow everyone else us... by gtt on Sunday May 09, 2021 @07:20PM (#27100810)

I've considering vending, too. Could you tell something about IoT for solving above-mentioned issues?

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Re:Wealthy use debt to buy future cash flow everyone else us... by evanlivingston on Sunday May 09, 2021 @09:44PM (#27101811)

Iot ain't gonna restock the thing, clean the graffiti, fix the coin counter, replace light bulbs, clear jams

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Re:Wealthy use debt to buy future cash flow everyone else us... by aserr on Monday May 10, 2021 @12:02AM (#27102557)

No, but it can tell you when those things happen to minimize the number of unnecessary trips to the machines.

Ages ago I interviewed with these folks who were early in the space: https://www.cantaloupe.com/

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