How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask Martin Your Own Question

Martin
Martin, Engineer
Category: General
Satisfied Customers: 4107
Experience:  i'm 41 and i never stopped studying and experimenting
14666028
Type Your Question Here...
Martin is online now
A new question is answered every 9 seconds

i have a full time job that keeps me very busy.but i m also

Resolved Question:

i have a full time job that keeps me very busy.but i m also looking to buy some business that doesnt require me to take care of it full time. The budget i have it 50k. What are some of the businesses that one can buy/start that would require little supervision and can run independently?
Submitted: 1 year ago.
Category: General
Expert:  Martin replied 1 year ago.
Hello and welcome. One that i see often and would fit what you have is an established lawn care operation. A lawn tractor and a manual one plus some weed eater, a pickup truck with a trailer, 2 employees and your are set for 50K. If the employee mess up, nothing very expensive to settle as the lawn will grow back.

It sure is easier if you start something you know well and have an interest in.
Customer: replied 1 year ago.


but this definately requires a lot of marketing since you have to be able to build the client base. is there any business that is a necessity to everyone and doesnt require much effort?

Expert:  Martin replied 1 year ago.
Note that i mentioned "an established lawn care operation". Not only you get client right away but also remove at least one competitor.

"is there any business that is a necessity to everyone and doesn't require much effort?" It would be convenient :) The reality is that such thing exist but are already crowded so margin are not really worth it. Because of that you have to find something very unusual or something nobody thought.

One of such example is a guy i met one day. He was the only provider of peanut vending machine /distributor. I was amazed at the profitability of those. He only needed to go install them at public and commercial space (with a shared revenue scheme) and go fill them from time to time and collect the money. No employee needed.

Again, hard to think of something without knowing your taste and aptitude, your time available etc..
Customer: replied 1 year ago.


vending machine business sounds to be a good fit. can you send more info on it.

Expert:  Martin replied 1 year ago.
It depend of what you want to sell. Usually you look for equipment (used or refurbished if possible to allow a profit the faster possible). You also need a pickup truck to be able to spread the machines on the territory and bring them in for maintenance. You usually buy those directly from manufacturer and you can get them often on craiglist.

The profitability is decided by how high you put the price and the quality of the product and the cost to attain them. The more you buy, the less it cost, so if you can do a partnership with a similar business outside of your territory it would be worth it (you can lower the cost of goods a good 4% that way and even more).

Dry things (and chocolate) are less work than moist product, so don't think about doing sandwich or anything requiring important refrigeration. Juice is easy but also heavy.

Don't install any in place where vandal are present. It is better than install them in a place that always have some customer over time than in a place with a big rush and then nobody for a long time for that reason.

As with any operation, nothing is always pink and here is a bad story:
http://www.guelphmercury.com/news-story/2689430-peanut-vending-venture-sparks-class-action-suit/
So you need to really evaluate your partner before investing and never start too big. Vending machine scale well but if you can't be profitable with 10, you will not be profitable with 100.
Martin, Engineer
Category: General
Satisfied Customers: 4107
Experience: i'm 41 and i never stopped studying and experimenting
Martin and 96 other General Specialists are ready to help you

JustAnswer in the News:

 
 
 
Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.
 
 
 

What Customers are Saying:

 
 
 
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
< Last | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C. Freshfield, Liverpool, UK
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex Los Angeles, CA
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP Hesperia, CA
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin Kernersville, NC
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther Woodstock, NY
  • Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know. Robin Elkton, Maryland
  • He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here. Diane Dallas, TX
 
 
 

Meet The Experts:

 
 
 
  • Ron

    ASE Certified Technician

    Satisfied Customers:

    21448
    23 years with Ford specializing in drivability and electrical and AC. Ford certs and ASE Certs
< Last | Next >
  • http://ww2.justanswer.com/uploads/FO/fordguy4u/2011-12-17_222940_HPIM1257.64x64.JPG Ron's Avatar

    Ron

    ASE Certified Technician

    Satisfied Customers:

    21448
    23 years with Ford specializing in drivability and electrical and AC. Ford certs and ASE Certs
  • http://ww2.justanswer.com/uploads/lyeung1/2010-07-25_032152_tn_IMG_0241.JPG Dr. Y.'s Avatar

    Dr. Y.

    Urologist

    Satisfied Customers:

    18517
    I am fellowship trained specializing in general urology and reconstructive urology.
  • http://ww2.justanswer.com/uploads/docjohn174/2008-12-13_170143_johnask.jpg John's Avatar

    John

    Home Appliance Technician

    Satisfied Customers:

    13453
    Appliance repair business owner for over 43 years.
  • http://ww2.justanswer.com/uploads/MU/multistatelaw/2011-11-27_173951_Tinaglamourshotworkglow102011.64x64.jpg Tina's Avatar

    Tina

    Lawyer

    Satisfied Customers:

    8580
    JD, BBA Over 25 years legal and business experience.
  • http://ww2.justanswer.com/uploads/dermdoc19/2010-09-30_160749_Photo_122807_015.JPG dermdoc19's Avatar

    dermdoc19

    Dermatologist

    Satisfied Customers:

    3883
    30 years practice in general and cosmetic dermatology
  • http://ww2.justanswer.com/uploads/BI/birddoctor/2012-6-22_173214_birddoctor.64x64.png Dr. Pat's Avatar

    Dr. Pat

    Bird Veterinarian

    Satisfied Customers:

    3424
    25+ years working primarily or exclusively with birds
  • http://ww2.justanswer.com/uploads/RY/rydergar/2012-6-6_192240_IMG0328.64x64.JPG Dr. Gary's Avatar

    Dr. Gary

    Cat Veterinarian

    Satisfied Customers:

    3347
    DVM, Emergency Veterinarian, BS (Physiology)
 
 
 

Related General Questions