Although there are some parents out there who are fortunate enough to be able to provide their children with gas money and spending money, many aren't. Students might want ways to make up more money for their own benefit once they are out living on their own, or some high schoolers like having extra cash to spend on their girlfriend/boyfriend, weekends, or other things.
In this and the next few articles, I will be showing high school students, or anyone seeking extra money, how to make money without doing work continuously. These sources of passive income won't make you rich, necessarily, but they sure can help out when you're in a tight spot money wise.
Bulk candy vendingThe first form of passive income being discussed is bulk candy vending. This is a personal favorite of mine because I enjoy talking to people and getting out and being active. Bulk vending machines are the small machines you see in convenience stores, auto shops, super markets, and many other retail locations(note these are NOT the larger, more expensive electronic machines). You put in a quarter (or two), and get either gumballs, candy, stickers, or small toys from the machine. Kids love these, so they're also great for those of you who are fans of making people happy with your services. The best part of all about bulk vending machine: they make you money all the time, without you having to maintain or constantly visit the machine. All one must do is go and service the machine every couple of weeks or so, I prefer to do so after school or on a weekend. Servicing the machine simply entails walking into the location, giving the machine a quick clean, refilling the candy, and collecting your coin.
How much can I make?
This all depends on the particular location and the type of candy you decide to use. The national average per head per month of bulk candy income is $25. This means that if you service your machine once a month, and it has three heads, the national average would state that you'd pull in $75, not bad for not having to do much actual work, right? Of course the national average isn't correct when concerning every location, some make much more, and some locations will make less. It all depends on how good of a location you have. In general, 1" gumballs are the most profitable, selling for 25 cents a gumball when you spend only about 5 cents per unit. Candy, such as M&M's or Mike and Ikes, are also pretty profitable.