A machine for making liquid and/or semi-liquid food products includes a boiler for heating; a first chamber for processing a hot type liquid product, having an outlet and an inlet connected to the boiler; and a first dispensing unit, connectable to the outlet for dispensing a hot product. A mixing and cooling unit for making a cold type product includes a processing container and a stirrer, the mixing and cooling unit being connectable to the outlet for receiving the hot product defining a basic ingredient for making a product of the cold type. The outlet is switchable between a first configuration wherein the outlet is operatively connected to the mixing and cooling unit to allow transfer of hot product inside the processing container, and a second configuration wherein the outlet is operatively connected to the first dispensing unit to allow hot product to be dispensed.