HOW TO MAKE KSH.200,000 PER MONTH USING A WATER VENDING ATM MACHINE IN KENYA
Is water vending ATM machine business something you are interested in? Roll up your sleeves and start it.
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The covid19 pandemic has exposed the fragility of our economy. It has also showed us that employment should not be relied upon even if you have a stable job. This calls for a complete paradigm shift as individuals and at the leadership level on the approach towards jobs and income generating ventures we embrace.
The solution
The old adage that ‘never put your eggs in one basket’ holds water to this day. Economic and financial experts advise that you should diversify your investment portfolio. In the same breadth having more than one income generating source is very advisable. This helps, in case one fails or is not doing so well, the other can step in. It’s also a good thing to have more money even if your main source is giving you good income.
When it comes to venturing to business or side hustle, go for one that you are assured of ready market. What better venture than water vending business? It’s said water is life, it is one of the 3 requirements for life others being food and air.
The demand for clean drinking water in many households continues to increase every day. Many Kenyans are becoming conscious of the dangers of consuming contaminated water and are seeking alternatives to municipal supplied water.
One income generating venture you can opt for and be assured of daily clients is a water vending ATM machine.
This is how you can easily make Ksh.200,000 per month using a water vending ATM machine in Kenya
Let assume you sell your water at Ksh.10 and sell 1,000 ltrs per day Ksh.10 x 1000lts= Ksh.10,000Ksh.10,000 x 30 days = Ksh.300,000
Now assuming your overhead costs per month total to Ksh.100,000 then you are left with a cool Ksh.200,000.However this is when you are selling at the price of Ksh.10. There are instances where you can make much more or less. For example if you sell your water at Ksh.20 you double that amount and if you sell at Ksh.5 you will not realize that amount. The secret is to find a suitable location where there is no competition and good population of potential clients.
Note this is just for dispenser water. You can also bottle your own and supply to nearby shops to make extra money.
Case study:
NAIROBIIn Umoja estate Nairobi, there are areas where water is sold at Ksh.10 per liter and there are places it’s sold at Ksh.5 per liter. Why the difference you may be wondering.
In the case of Ksh.5 per liter there are 3 water vending stations near each other including a supermarket. In the case of Ksh.10 per liter, there are no near water vending stations so the vendor enjoys higher prices.
It’s a no brainer therefore to conclude that the location you choose will determine if you enjoy top prices or not.
As you have seen above, you can easily make Ksh.200,000 per month using a water vending ATM business in Kenya.
The amount of money you will make will depend on where you will locate your business.
Where to get a water vending machine
There are various local manufacturers such as SASET technologies who can provide high quality water vending machines and also provide you with unlimited support in your journey.
What to consider when purchasing a water ATM*
The water vending machine should have a reverse osmosis system for purifying the water, it should also have an e-card reader or a coins inserting slot to make payment easier, also check the capacity of the water vending machine to ensure you are able to keep up with the demand. The equipment should also be high quality and maintain the standards of the purified water.
When you purchase a high quality water ATM it will considerably bring down manpower, monitoring, transaction and accountability problem.
Like any retail business your profitability is directly related to your sales. If you can put your water dispensing machines in a very busy location with high demand for your product you will make significant sales. If you can sell your product at a price where you can maintain a decent margin then you will make profits.
If your water vending ATM business is located in an abandoned warehouse or in a location with only a very small number of people your profit will be small to none. Conversely, if you have a vending machine in a high traffic location that does not have other sellers competing with you then you will make a generous profit from a water vending machine.
*Written By*: Justine Nyachieo
Business Man & Mentor
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