Business idea · E-commerce
On-Demand Health Product Vending Machines
On-Demand Health Product Vending Machines: Install vending machines that offer health-related products like vitamins, supplements, and first-aid supplies in gyms and health clubs. It was pitched on Koerner Office, hosted by Chris Koerner, in the episode "How to build a 7 figure vending machine business by finding the best locations. Ep. #035" (aired July 4, 2024).
At a glance
| Podcast | Koerner Office |
|---|---|
| Hosted by | Chris Koerner |
| Episode | How to build a 7 figure vending machine business by finding the best locations. Ep. #035 |
| Aired | July 4, 2024 |
| Category | E-commerce |
| Real companies on the episode | Quinn Miller's Vending Machine Empire |
The problem it solves
Gym-goers often need access to health products quickly but may not have time to visit a store. Existing options for purchasing health products are often inconvenient or unavailable at the point of need.
How it makes money
Direct sales via vending machine transactions, subscription options for regular customers.
Skills you need
Knowledge of health and wellness products, sales skills, logistics for restocking, and machine maintenance.
The market, and why this works now
The rise of contactless payment technology in vending machines supports the viability of on-demand health product vending in gyms. A concrete first-revenue move is listing the vending machine service in local fitness-related forums on Reddit, where gym-goers actively discuss their needs. A key risk is the initial capital required for machine purchase and product stocking, which may be substantial depending on the number of locations targeted.
Our analysis, written after the episode. Not a quote from the show.
Real companies discussed on this episode
- Quinn Miller's Vending Machine Empire
Quinn Miller runs a successful vending machine business that specializes in traditional snacks and drinks, as well as smart coolers and ATMs. He focuses on finding optimal locations for his vending machines, which has allowed him to generate significant revenue while minimizing his time on-site.
Where this idea came from
Podcast: Koerner Office, hosted by Chris Koerner
Episode: How to build a 7 figure vending machine business by finding the best locations. Ep. #035
Aired:
Summarized from the episode transcript. The show does not say which speaker raised each idea, so we credit the show, not a person.