Perfume Vending Machine Business: The Next Big Thing?
Summary
TLDRIn this episode, the hosts discuss intriguing business ideas related to vending machines. They explore two unique concepts: a perfume vending machine that dispenses cologne sprays for $1, and an unusual urinal leaderboard that ranks customers based on the strength and volume of their urine. The perfume machine, popular in Europe and the Middle East, has potential in the U.S., with high margins and opportunities for ad revenue. The hosts debate cultural differences in fragrance usage but agree there’s a market for these innovations in certain locations. The episode provides an engaging dive into the vending machine industry.
Takeaways
- 💼 The vending machine business can be profitable with high margins, such as perfume vending machines.
- 💰 Perfume vending machines cost around $2,000-$2,500 and can be mounted on a pedestal or wall.
- 💳 Customers swipe their card and pay $1 to receive a spray of cologne or perfume, which yields 90%+ margins.
- 📊 Each bottle can deliver up to 300 sprays, making the machines highly profitable with minimal product usage.
- 🌍 These perfume vending machines are currently popular in Europe, Dubai, and the Middle East, but not widely available in the US.
- 🔗 The machines can also include QR codes under each bottle, linking to an affiliate program where the owner earns money from perfume sales.
- 👃 The hosts discuss the cultural differences in deodorant use, highlighting that in certain regions, like the Middle East, there might be a higher demand for such machines.
- 🏋️♂️ Perfume vending machines could work in gyms, malls, or movie theaters in the US, where people may want a quick freshen-up.
- 🧮 The US leads in perfume and cologne sales, generating $8.7 billion in 2023, followed by Brazil and France.
- 🌟 The idea is discussed as a low-barrier, approachable business for entrepreneurs interested in the vending machine space.
Q & A
What is the main product idea discussed in the transcript?
-The main product idea discussed is a perfume vending machine that dispenses one spray of cologne or perfume for a dollar. The machine has a credit card reader and buttons underneath each perfume bottle, with a glass display showcasing the bottles.
How much does the perfume vending machine cost to purchase?
-The perfume vending machine costs around $2,000 to $2,500.
What are the profit margins for the perfume vending machine?
-The perfume vending machine has a profit margin of over 90%, as each bottle can provide around 300 sprays.
In which regions are these perfume vending machines currently available?
-These perfume vending machines are currently available in Europe, Dubai, Saudi Arabia, and the Middle East, but not yet in the United States.
What additional feature does the perfume vending machine offer besides perfume dispensing?
-The perfume vending machine can also display ads and offer QR codes underneath each bottle, allowing customers to purchase the perfume through affiliate links.
Why does the speaker believe the machine could work in the U.S. despite cultural differences?
-The speaker believes that the machine could work in the U.S. if placed in the right locations, such as gyms, malls, or movie theaters, where people might want a quick spray of cologne after a workout or while waiting in line.
What is a potential cultural challenge to the perfume vending machine's success in the U.S.?
-A potential cultural challenge is that Americans typically wear deodorant and may not feel the need for perfume or cologne as frequently as people in other regions, such as the Middle East or parts of Europe.
What are some ideal locations suggested for placing the perfume vending machine?
-Ideal locations for the perfume vending machine include gyms, busy malls, and movie theaters.
What did the speaker find surprising about perfume sales in the U.S.?
-The speaker was surprised to learn that the U.S. is a major market for perfumes and colognes, with fragrance sales reaching $8.7 billion in 2023.
What is a unique vending concept discussed earlier in the transcript?
-A unique vending concept discussed earlier is a urinal device that measures the strength and volume of a person's pee and ranks them against others, while also displaying ads.
Outlines
💡 Perfume Vending Machine Business Idea
The speaker introduces an innovative business concept involving perfume vending machines. Priced at around $2,000-$2,500, these machines can either be wall-mounted or placed on pedestals and resemble large mailboxes. Each unit contains five bottles of cologne or perfume, and customers pay $1 per spray using a credit card. The machine offers high profit margins (90%+) due to the large number of sprays in each bottle. Additionally, these machines can display ads and offer affiliate links via QR codes for purchasing the perfumes. This idea stems from observing similar machines in Europe and the Middle East, but they have yet to enter the U.S. market.
🤔 Cultural Challenges in Expanding the Business
The speaker discusses potential cultural challenges with introducing perfume vending machines in the U.S., noting that their success in Europe and the Middle East may not guarantee the same reception. In those regions, personal hygiene habits differ, and perfume is used more frequently to mask odors. However, the U.S. market still demonstrates a large demand for cologne and perfume, ranking as the top consumer market in 2023. The speaker suggests testing the concept in 10-20 different locations in the U.S., such as gyms or busy malls, to determine its viability. They express optimism despite recognizing that cultural and consumer habits might present a hurdle.
Mindmap
Keywords
💡Vending Machine
💡Perfume Vending Machine
💡High Margins
💡Affiliate Marketing
💡Cultural Differences
💡Consumer Behavior
💡Advertising Integration
💡Location Strategy
💡Market Research
💡Novelty Vending Concepts
Highlights
Perfume vending machine priced around $2,000 - $2500, mountable on pedestal or wall.
The machine holds five bottles of perfume, each connected to tubes for dispensing.
Users can swipe a card and pay a dollar for a single spray of perfume.
High profit margins, with 90% due to the large number of sprays per bottle (300).
The vending machine can play ads and include affiliate QR codes for perfume sales.
Potential target markets discussed: Europe and the Middle East.
Cultural differences in deodorant and fragrance usage pose a challenge in American markets.
Perfume use in public places like malls and gyms may be viable.
Fragrance sales in the U.S. reached $8.7 billion in 2023, showing strong demand.
The business concept benefits from simplicity, no need for e-commerce or large-scale logistics.
Machines could be placed in high-traffic areas like theaters and malls for convenience.
Other interesting vending machine concepts, like one that measures urination strength, were discussed.
Quinn Miller, a vending machine entrepreneur, shares experiences in Southern California.
Turkey has the highest percentage of regular perfume users globally (85%).
The perfume machine model relies on easy consumer access and impulse purchases.
Transcripts
it's $2,000 maybe 2500 you can put it on
a pedestal or you can mount it to a wall
it's about the size of a large mailbox
and it just looks like this it just it's
got like this glass display with five
bottles of cologne or perfume and then
there's a little tube going into each
bottle and then there's a credit card
reader and five buttons underneath each
one you swipe your card for a dollar and
you put your hand up to it or your neck
or whatever and you pay a dollar to get
one spray of perfume and it's so it's
like 90 plus%
[Music]
margins welcome to the ker office we
have another hold Co Bros episode for
you today where Nick and I talk business
ideas so hope you enjoy hope you have
fun please like And subscribe and we'll
see you next
time I got a couple ideas for you you
ready I'm ready you know Quinn Miller
the vending
Guyer yeah yep
so we just spoke
today and he owns ton of vending
machines in Southern California and he
does really well and he also owns a
bunch of ATMs so we talked all about
that business yada Yad Y and I asked him
what was the most interesting vending
concept you've ever seen and this blew
my mind he went to a bar in Lancing
Michigan once and he went to the
bathroom and they had they had like a
leaderboard display screen above the
Ural and they had a device in the urinal
that you pee into that measures the
strength of your pee and the volume of
your pee and then it ranks you against
other guys that have been to that bar
and you have to pay for
it and then it runs ads as your peeing
and you pay you you pay to pee and be
shown ads no freaking way yeah isn't
that amazing that is amazing cuz what
guy is going to be like I don't I'm not
feeling it right now I don't want to
know how my PE strength is I don't H it
doesn't matter to me my wife says it
doesn't
matter no my
wife I I would lose this game because as
I'm getting older My Stream is not
strong my stream I'm like an inch thick
and just short burst like I just get it
out I've heard you pee it's aggressive
it's aggressive it's a Super Soaker like
the line in the other guys and the sound
of your piss hit in the urinal it sounds
feminine anyway I thought that was a
interesting no I'm not about to go
launch that but that's the most
interesting vending concept I've ever
heard of second one which I've talked to
you about and I like this idea I still
like it is the perfume vending machines
remember yeah I remember this yeah
they're based out of like Lavia or
Estonia or something they're only in
Europe Dubai Saudi Arabia Middle East
they're not in America yet it's $2,000
maybe 2500 you can put it on a pedestal
or you can mount it to a wall it's about
the size of a large mailbox and it just
looks like this it just it's got like
this glass display with five bottles of
cologne or perfume and then there's a
little tube going into each bottle and
then there's a credit card reader and
five buttons underneath each one you
swipe your card for a dollar and you put
your hand up to it or your neck or
whatever and you pay a dollar to get one
spray of perfume and it's so it's like
90 plus% margins because those bottles
have like 300 sprays in them right okay
and then in addition you can play ads on
it and then you can put QR codes
underneath each bottle to like Oh I like
that smell I want to buy that and it's
just an affiliate link you don't it's
not an e-commerce business you don't
have a website it's just an affiliate
link for you to make 10 bucks every time
you sell a
bottle what do you think
as I thought about it here's what I hate
about that
business where are they can you describe
it
again what type of venue just tell me
geography where they are Europe
smelly yep keep
going keep going with what what do you
want me to say where the other place
where's the other place you said there's
the other places okay Middle East places
where they don't wear deodorant places
where they don't wear
deodorant like we wear deodorant here we
don't stink as bad so it's it's like oh
Ivan you stink very bad go to bathroom
get little sprits of perfume like yeah
okay those guys freaking need it have
you smelled a guy after he's had
borche it's not it's not good dude but
do people in America buy perfume in
Cologne yes or no if I had to answer
that if I had to answer that
yes okay I just asked chat GPT and it's
looking good for you so far I said what
country countries sell the most cologne
and perfume number one France largest
exporter largest exporter exporter get
out of here
Chad
Spain I mean I completely agree the big
risk here is the cultural thing but
here's I think you could solve that
solve for that by placing these in 10 to
20 different locations and just learning
because I think in the right location
even in America these could do really
well I was talking to Sam about this and
he's like I keep a bottle of col in my
gym bag when I go to the gym I just I
don't want to shower but I don't want to
stink so I just I give a little spray so
if there was one of these in the
bathroom or at the exit and I might use
it or I'm thinking like just in like a
very busy mall like just a pedestal in
the middle of the mall because You' got
youths you've got these you know those
youths walking around they might be
interested in this or even like next to
the line at the Cinemark at the movie
theater and people are standing next to
it in line I'm all about incentivizing
less cleanliness all right so if I go to
the gym I work up a sweat little
Spritz shower I I followed up with Chad
GPT and this one's not looking good for
you
okay I said no tell me consumer
purchasing it says number one the US is
a major market for perfumes and colognes
country accounted for 8.7 billion in
fragrant sales 2023 Brazil number two 4
billion so half as many people and half
as much perfume and cologne France
number three 2.6 billion UK 2.3 Germany
$2 billion
interesting there you go math checks out
hey other notable uh yada yada turkey
stands out with 85% of its population
regularly wearing perfume the highest
percentage
globally are you surprised there you go
no I'm not surprised no I was in
turkey's neighbor's country you know
last week checks out okay in we we get
it you went to grease jeez Lise dude rub
it in is that a is that a cologne pun my
friend they were they like my friend my
friend please come try the
CAF no no no come on I want to hear some
accents I I got nothing
really I love it I've got more notes but
it's just yeah I think this is a good
this is a good cut off I love it and I
love you I've never heard heard that
before this is a good cut off all right
thanks for listening please like and
share with your friends especially if
someone is entrepreneurial and they
might want to own a vending machine
because it is a very approachable
business to get involved with that's why
a lot of people are interested so please
subscribe and share this with your
friends and we will see you next time
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