Vending Machines
topic on 3 shows · 8 statements across 5 episodes
the Pitch 
My First Million 
the Startup Ideas Podcast
8 statements about Vending Machines, every show
Kerner: Polished rock vending machines yield a 90% gross margin
“The rocks cost between five and 20 cents each. You sell them for two dollars each. That's a 90% profit margin.”
Kerner: Vending machines enable offline A/B testing for physical retail
“I love vending machines because it enables like offline AB testing. Right? Take one kind of generic vending machine, and you just, every month, you just swap out something else. Swap out the sign, swap out the product, and just see what crushes.”
Dixon: 1 million of 8 million US vending machines are now smart
“Right now, there's eight million vending machines in the United States. One million of those are considered smart, which means they have a touch screen and they can accept credit cards. That number of smart machines is growing 30% year over year”
Hyatt argues a $200 monthly software fee is too expensive for operators
“I have a tough time believing the 200 bucks. That's a lot of money for a vending machine.”
There are 8 million vending machines in the United States
“Right now, there's eight million vending machines in the United States.”
Gulati doubts retailers get over 1% of revenue from vending machines
“My hypothesis is there aren't a ton of retailers and brands that derive more than one percent of their revenue via this channel.”
Greg Isenberg: Digital Businesses Beat Physical Assets Like Laundromats or Self-Storage
“Digital businesses beats any laundromat, self-storage, or vending machine business. It's basically easier and better margins to build internet-based businesses.”