Great content in your channel, I’m 53 and my wife and I reached $1M net worth in 2017, five years later it’s $2.4M. Our yearly salary is a little over $100K. We drive older cars, cook at home, eat leftovers, and have 2 in college. We saved for college and our boys help by working. They will graduate debt free.
Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable tradess can only be carried out by real-time experts.
@@marianparker7502 That right, I started investing sometime in 2018 and by late 2021, I pulled out a profit of over $750,000 with no prior investing knowledge or skill, I was basically just following the guidelines set by my financial advisor, so you don't necessarily need to be a perfect investor or do the hard works, just have a professional who guides & mentors you.
@@PhilipMurray251 I read inflation is closer to 10% but as we know it's definitely way more than the media would like to admit, my plan to earn more passively and ride this out, can you investment-advisor assist?
@@wiebeplatt4749 Sure, the investment-advisor that guides me is Susan Agnes Hancock, she's popular and has quite a following, so it shouldn't be a hassle to find her, just search her
@@PhilipMurray251 Thanks, her website popped up on the first page immediately I searched her, I read through her resume and seems pretty tight, so I booked a call to discuss with her.
He specifically said it's passive ENOUGH. Then he said it's more passive than his regular job. He added that it is hard for people just starting out bc they will need help with resources so he developed an app to make things easier. Did yall listen to him at all?? In a way, I'm glad for the way he's being criticized bc there's a lot of free knowledge in these comments. I've seen other videos of vending machine owners with comments from ppl just asking questions or saying "great job, keep it up". Very interesting phenomenon.
Not passive! You need to buy the machines, arrange a location, install the machine and refill it as needed. You have to repair and replace broken machines. And, to make good money, you need to create a route to empty and refill the machines. You need to keep records of what machines are making money and which ones need to be moved. You also have to keep records for the IRS and pay related small businesses taxes. If you get lucky and are able to set up a good route, you may do well. Depends on how good you are at selling people on the idea of letting you set up a machine and how much they want to let you use the spot. You better have a truck and a hand cart to move machines. You need to sell a whole darned lot of candy bars to recover your startup cost. You are working for free until you recover the cost to you of buying and maintaining your route while you recover your investment which also includes the cost of wear and tear on your truck. It may be a good job for you if you can afford to buy a job. If it were an easy way to make passive income, everyone would already be doing it.
OMG yes you nailed it! Thank you for being the first person here to make an honest, sensible, practical real world comment. You've obviously done or are doing this type of work, and you're absolutely correct that there's nothing passive about it. And you bet, everyone would be doing this if it really was passive and so easy as it's made out to be.
Right, it's not purely passive income, it's a lot of elbow grease that goes into it. Especially in the beginning, as all new business ventures tend to go. But people who have an understanding of investing won't be ran off by the work and all the paperwork as long as they can see the overall vision. When dude said his gumball machines were bringing in as much as he was making from work, and he was only spending a few hours a week to maintain them... I feel like THAT'S the main point. You're maintaining these machines SO that they can generate income in your absence, which is a lot more like passive income than working. And since this side hustle/business is absolutely working for plenty of people, why discourage others from doing it? It's a lot of money to be made outside of your own (and other's) fears and limitations.
I know an older guy that did venting machines for over 20+ years. He ran it basically by himself but hired 2-3 people to help later on. He told me he made a killing back in the day from schools just from candy sales.
It's fascinating to hear that someone here also employ madam Christine's services. She has been managing my investment so well and my weekly return are mind blowing
@@ericalorraine7943i just lookup her name and found her accreditation, qualifications on FINRA and SEC, she seems really solid. I already leave her a mail on her webpage🙏
He said "passive enough" not passive, meaning it required a relatively low level of effort (i.e. sustainable while working full-time) to build the business.
before expenses and taxes. Maybe $250 of that is actual profit. Gonna need quite a few machines, which will incur more, costs and time to be a viable profitable business,
@@theov.6919 You have to drive there, and drive back to home. That is gas, wear and tear on your car, your time. Have to purchase new items to place in the machine, shipping costs for that, time to order, receive, inventory items. Place them in the machine, remove items that aren't selling. Then gotta pay for maintenance when the time comes. Lot more than minutes a day my friend. Lot more.
@@jonbennett62 Still 250€ are about equal to 20h/month in a regular job. I guess that a single machine, located close to you, would need a similar workload but in the end it's a side hustle and you're your own boss. As I said: easy money for a student e.g.
This isn't 'passive', he started a business and very much still works and manages operations. There are a lot of start up costs and running costs to consider also.
Wat type of earned income doesn't involve any type of labor or hustle into it? Whether in real estate u still gotta work with your team to make it work to become passive.
The passive part is he's not there in person trying to sell people candy and drinks. The machine attracts the customers because candy and drinks are already in demand and will always will be in demand. Every new business has some sort of cost weather is starting car wash service etc you'll need to invest in suppiles, and if its reselling garage sale items you'll need some money to buy those items. Thats why you have a regular job to fund your new business idea. On your spare time work on your side hustle until it'll it make twice the money as your regular job you might think of quiting your regular job. It can be any job like fast food, stocking products it doesn't master. When starting a new business , do not put your eggs all in one basket. Do your research and look at all the cons and postives. All business require some type of work whether it's physical or technical on your phone or laptop. The work is maintaining or growing your business or handling problems your business may encounter. Passive incomes sort of like a laundry mat or vending machine business aren't just magically handed to you it first requires some work for most part but if you really looking for a real passive income all you only need is an bank account and being an affiliate for a big company or business. They'll pay you to promote there products or service. To do this simply go on any business site or company and look for there affiliate sign up page. Where you can easliy sign up with your information. And they'll give you the links, or coupon code you can share with your ig or tiktok Follow or friends, and family. This is a real passive income because you dont have ship products or nothing. But just promote product, or service. Fashion nova for example does this but there are also smaller brands on shopify, and woocommerce. A store that does this is Barber Jungle.
It actually is. He’s making money by not having to be there. Just like having rental properties. They have start up cost and have to maintain the property as well. It’s still a Business. Passive income is when making money from a side hustle or small business when you don’t have to work or lil to no work. Everything is going to have their own problems.
All passive ventures need you to put in work at first! It is passive because it's making money while he's not there. That's what passive is....he doesn't have to be there for it to generate money, he basically has to maintain it after initial setup.
"he doesn't have to be there for it to generate money" Generally speaking, passive income is one in which the owner or investor is not actively involved. An example of this is investing in dividend paying stocks. You buy a stock, and the company automatically pays out a dividend at a certain time. I don't consider making money from a vending machine business as passive income, because an owner has to purchase goods, drive to the locations, restock the merchandise, and maintain the machines on a regular basis. If he doesn't do one of these things, he won't generate any income. There is too much ongoing efforts involved to be considered "passive".
I wish these guys would specify gross vs net income. Is that before or after expenses? Without knowing that, we have no idea how his business is actually doing.
The sole secret of making steady profit is simple; .GET IN WITH THE RIGHT APPROACH You don't expect your first attempt to raise huge profits as a newbies due to social media hype. . Take your time and search for a trustworthy professional and keep up with their signals
Shes got the best rating I've seen. Not only in paper but in one-on-one interaction. Steady weekly gains is really possible and available to all despite been new or without experience...you just have to lookout for Highly rated experts and keep up with their trades... Becky is definitely no.1 on the list!!!
Becky's good works already speaks, all Investors are always conversant with her, she's trustworthy in the field just got to keep to her instructions you gonna excel.
At this point after watching these Vending Machine videos , I have come to the conclusion that everyone has a different experience. Those that are successful, better locations, types of machines in my opinion is the key.
This is not passive income. He’s still having to put in hours. This is EARNED INCOME. Please update! If you have to manage, coordinate or work on deals, you are earning income. Real estate syndications as a passive investor and earning cash flow = passive income!
He's a smart cookie. I guess I should get the one I have just sitting covered out and put it to work. Someone gave it to me awhile back. $s just waiting to be made. Many blessings to the Vending Biz man for the reminder.
@@DoctorRickSanchez Likely next X-Mas. My mother passed in Jan., I have 4 other properties to now see to and inventory of antiques to sort. My plate is beyond full and I don't feel like adding more to it : / I've felt no energy to really tackle it, but I better bc it is not going to sort itself. Seeing your mother leave this life is an inexplicable event. God help me 😪
@@lmc2375 _Yeah but look at it like this... It's not going to make a difference if you start now or next Christmas since vending machine snack prices don't really inflate like store bought items. I understand about losing a family member the grieving process takes a huge toll on someone mentally & will stop you physically from getting stuff completed, going to work, errands etc. Condolences for you mother stay up✊️goodluck with your business & don't give up._
@@DoctorRickSanchez Thank you. Still upright, still working, doing more thinking and pondering all the great pics I've shot since she left. I think those pics, that "keep happening" have somehow sheltered me from the full reality that she is gone. They've been a gift - as if, she's still out there, nearby. Unusual things that are inexplicable beyond just a knowing. I recently had an inquiry from europe, asking to purchase a couple of my shots. I need to find what exactly they intend to publish them in, etc. Something else to do. Thank you for the kind words 😊
Search vending bizz on Apple store. It's there with many negative comments about paying for information that's easily found online, plus app crashing and generally trash. It appears it used to be available in the Google play store but no longer.
Nice content! The best way to find that balance between saving and living is by investing, this way you get to have your savings intact and then live comfortably of the revenue coming in from your investments.
Working with Romero pieto is the best thing that can happen to a beginner trader who is aspiring to be fruitful out of the market he is trustworthy and straightforward we surely need more men like him in trading world.
I would love to see him start to hire people to do the machine stocking. I bet he could find enough work for someone to work full time at an hourly rate and be able to keep adding machines. I bet if he doubled his machines and added 2 people to his staff, he would see a massive increase in revenue.
I worked in the vending business in Southern California and my route was from the border of Mexico all the way into Orange County. I had to get up early 4:00 am to load the truck and get on the road. The amount of time and effort to load these machines is not passive income. Now, I did have some video game machines in bars and as long as the machines were working, that was more like passive income because it required less effort to maintain the machines because there was no inventory to load. Just letting those who want to start this business know there is a lot of work required.
This is a good idea. I make my money from being a janitor by day and trading stock in my spare time. My first bit of money was being an early investor in Bitcoin. When I bought mine they were worthless. I bought 100k for $100 in 2010. Now I live down the street from Independence Hall in Philadelphia. When you see a start up that you really believe in, don't be afraid to invest!
Hi , it’s wonderful that you shared your business in this channel, I just wannna know what is that app to get the locations which are available for vending machine installation
This is one of my intentions when I get my tax returns. Do u have any specific companies u would recommend purchasing machines with?? What’s the name of the app??
You would have to either own a truck and a dolly or hire somebody to get the machines to where they need to be I assume. Near the end of the video it was said that maybe in the beginning when you're just getting off the ground, you'd tempt business owners with a small commission, but if you play your cards right and get your name out there eventually businesses may come to you asking for vending machines at their locations.
@@dustindouglas9912 I've always wanted to get into the vending machine business but I get overwhelmed easily just by not knowing how to start. I've looked at prices of purchasing a vending machine but then there's the products and finding a location. I picture myself doing it and it seems like it would be hard. I'm a 5'2 female and if you took one look at me, you'd know I need help moving the machines. Every time I've seen someone servicing a vending machine, it's a a big strong guy. 😞
Do you need a business permit to be on other business properties? I mean what are the requirements? I got the money and the drive just need the education
the real question is 16000 as income but from that money goes commission, rent that location or money to buy new stuff and so on: so what is really there after a month?
@@jeremiahdickson569 always love how people like yourself choose to focus on criticism. it speaks a lot to your character. yes, I do believe having a resource, such as an app (fee based or not) is in fact giving back. giving novice entrepreneurs and wannabe business owners a resource to guide them through the process is invaluable. as mentioned, he had no one to turn to on his journey. next guy in line will be that much better off for this. have a good one
@@seanc1898 Because I asked you a question you question my character and I'm the bad person? I have been in this business going on 2 decades and the way he tells about the business is very misleading and will lead to people loosing money because he says he makes 3k a month from one machine.
@@jeremiahdickson569 bad person maybe not, but yes on character. you went straight to the critical. wasted (and negative) energy in my books. you didn't identify your own knowledge and acumen, you questioned the veracity of my statement. knowing now that you're in the business and have experience, I have more trust and understanding in where you're coming from. you would be the ideal person to set the record straight and let people know that this is a very unique situation and to be aware. having said that, he clearly indicates getting a few hundred from some of his machines. is he inflating or lying? very possible. do your part to set the record straight on your experiences then. that would be invaluable as well. hope you get what im trying to say. peace 🙏
@@seanc1898 I mentioned in another comment on here but I will repeat it here since asked. He keeps saying "makes" x amount. Most employees are going to look at that like the amount they get on their paycheck but it's not. It's gross sales. Over the long hual you can only pay yourself in the 10-15% of gross sales of a vending business (meaning you do this as a living). If it's truly a side hustle that you never want to grow bigger than the stop or two that you haveand you never plan on replacing or upgrading the equipment then you might be able to get that up to the 30-35% range. Since I own a vending business and not a side hustle, if I want to make $200 a day I need to deliver $1500-2000 worth of drinks and chips. So to profit $1000 a week I need to sell $7500-10000 a week. I don't think anyone realizes how many bags of chips that is and how far from "passive" that income is.
It is not an easy business. I tried it for awhile, some locations are good. Some candies don't sell well at some locations so have to be moved to anothrt location before getting old. People try to steal from machines using different gadgets to pull candy down etc. The machines are not that easy to move either. Customers not so easy to please. If you get some good locations you may do well. Some states require a food license too.
Hey is this legal, like you don’t need any paperwork or permission or business license to put those machine there ? Idk how this all work cause i’m not in the us
As of right now I’m trying to save up some money myself to get this going I’ve joined groups to kinda help me find things to be sell just to get the money and I’ll jump in the Amazon to try to get that money up so I can get a couple of machines going
What higher margin items can get sold in a vending machine? Any ideas on non-food items to include? I heard Fastenall is now putting vending machines in their customer's facilities selling stuff like nuts and bolts
@@mujeebghafari11 Passive income doesn’t require ‘no work’. Passive income is putting work in initially and then receiving income on the returns for a timeframe without requiring further work or effort. You named one example. Another would be royalties from content. Savings interest. Housing rental income. There are several. The video is about as far from ‘passive’ as you can get. The guy is refilling the machines- he doesn’t make income if he doesn’t do that. So how is that passive? If I work in a supermarket refilling the shelves all day, is that also passive with that logic?
Vending machines are not passive income. Its a business that u work be it a little or a lot. Truly passive income is like owning a stock with a dividend. It pays u, with zero work input...
@@KhadiB if he's talking about the machines in the stores, the charger is inside of the machine, no way you can steal it. you lock your phone in the case (password protected) and let it charge while you look around the store or whatever
He sounds humble and intelligent. I hope his business continues to do well.
@In your mom's guts Everything is in 2022.
@I Always Spoil Your Fun okay. next
Great content in your channel, I’m 53 and my wife and I reached $1M net worth in 2017, five years later it’s $2.4M. Our yearly salary is a little over $100K. We drive older cars, cook at home, eat leftovers, and have 2 in college. We saved for college and our boys help by working. They will graduate debt free.
Right there with you. I'm retiring early, no debt. Kids are taken care of. Building my dream home on 11 acres, looking over the river valley. there are loads of ways to make a killing right now, but such high-volume near impeccable tradess can only be carried out by real-time experts.
@@marianparker7502 That right, I started investing sometime in 2018 and by late 2021, I pulled out a profit of over $750,000 with no prior investing knowledge or skill, I was basically just following the guidelines set by my financial advisor, so you don't necessarily need to be a perfect investor or do the hard works, just have a professional who guides & mentors you.
@@PhilipMurray251 I read inflation is closer to 10% but as we know it's definitely way more than the media would like to admit, my plan to earn more passively and ride this out, can you investment-advisor assist?
@@wiebeplatt4749 Sure, the investment-advisor that guides me is Susan Agnes Hancock, she's popular and has quite a following, so it shouldn't be a hassle to find her, just search her
@@PhilipMurray251 Thanks, her website popped up on the first page immediately I searched her, I read through her resume and seems pretty tight, so I booked a call to discuss with her.
He specifically said it's passive ENOUGH. Then he said it's more passive than his regular job. He added that it is hard for people just starting out bc they will need help with resources so he developed an app to make things easier. Did yall listen to him at all??
In a way, I'm glad for the way he's being criticized bc there's a lot of free knowledge in these comments. I've seen other videos of vending machine owners with comments from ppl just asking questions or saying "great job, keep it up". Very interesting phenomenon.
Not passive! You need to buy the machines, arrange a location, install the machine and refill it as needed. You have to repair and replace broken machines. And, to make good money, you need to create a route to empty and refill the machines. You need to keep records of what machines are making money and which ones need to be moved. You also have to keep records for the IRS and pay related small businesses taxes. If you get lucky and are able to set up a good route, you may do well. Depends on how good you are at selling people on the idea of letting you set up a machine and how much they want to let you use the spot. You better have a truck and a hand cart to move machines. You need to sell a whole darned lot of candy bars to recover your startup cost. You are working for free until you recover the cost to you of buying and maintaining your route while you recover your investment which also includes the cost of wear and tear on your truck. It may be a good job for you if you can afford to buy a job. If it were an easy way to make passive income, everyone would already be doing it.
OMG yes you nailed it! Thank you for being the first person here to make an honest, sensible, practical real world comment. You've obviously done or are doing this type of work, and you're absolutely correct that there's nothing passive about it. And you bet, everyone would be doing this if it really was passive and so easy as it's made out to be.
Right, it's not purely passive income, it's a lot of elbow grease that goes into it. Especially in the beginning, as all new business ventures tend to go. But people who have an understanding of investing won't be ran off by the work and all the paperwork as long as they can see the overall vision. When dude said his gumball machines were bringing in as much as he was making from work, and he was only spending a few hours a week to maintain them... I feel like THAT'S the main point. You're maintaining these machines SO that they can generate income in your absence, which is a lot more like passive income than working. And since this side hustle/business is absolutely working for plenty of people, why discourage others from doing it? It's a lot of money to be made outside of your own (and other's) fears and limitations.
Everyone made very good points!
True, but if you come from working a regular job it feels like it. He was making double his salary for only a fraction of the time he put in.
@@saintriley You are confusing the gross sales numbers with profit. Actual profits from a vending company run between 10-15% of gross sales.
I know an older guy that did venting machines for over 20+ years. He ran it basically by himself but hired 2-3 people to help later on. He told me he made a killing back in the day from schools just from candy sales.
Rightly said! Well, I am also looking for more smart and genuine way on short term investment, any tip here?
It's fascinating to hear that someone here also employ madam Christine's services. She has been managing my investment so well and my weekly return are mind blowing
A CNBC news host spoke so highly of 💕Christine Lynn Saitta and her loss prevention strategies been trying to get to her ever since
@@ericalorraine7943i just lookup her name and found her accreditation, qualifications on FINRA and SEC, she seems really solid. I already leave her a mail on her webpage🙏
Paid off my $792000 debt within 8 months thanks to Madam Christine! So happy we are finally onto baby step 4, 5 & 6! Amazing! 🇨🇦
He said "passive enough" not passive, meaning it required a relatively low level of effort (i.e. sustainable while working full-time) to build the business.
Everyone's listening comprehension is poor.
from his eyes, i know he's very kind person, I hope the best for his business & venture ahead...
1500 for a machine isnt a lot of money, this is a very doable business even for a student. wish i had known bout this back in the day!
before expenses and taxes. Maybe $250 of that is actual profit. Gonna need quite a few machines, which will incur more, costs and time to be a viable profitable business,
@@jonbennett62 Also, you need to sell a huge amount of candy/drinks to make a profit, you will work for free for a good while.
@@jonbennett62 bro, $250 profit is easy money considering you just gotta check up on the machine once a day for a few minutes or so.
@@theov.6919 You have to drive there, and drive back to home. That is gas, wear and tear on your car, your time. Have to purchase new items to place in the machine, shipping costs for that, time to order, receive, inventory items. Place them in the machine, remove items that aren't selling. Then gotta pay for maintenance when the time comes. Lot more than minutes a day my friend. Lot more.
@@jonbennett62 Still 250€ are about equal to 20h/month in a regular job. I guess that a single machine, located close to you, would need a similar workload but in the end it's a side hustle and you're your own boss. As I said: easy money for a student e.g.
This isn't 'passive', he started a business and very much still works and manages operations. There are a lot of start up costs and running costs to consider also.
Ty, I hate when they glorify things and don't show more negatives.
Wat type of earned income doesn't involve any type of labor or hustle into it? Whether in real estate u still gotta work with your team to make it work to become passive.
The passive part is he's not there in person trying to sell people candy and drinks. The machine attracts the customers because candy and drinks are already in demand and will always will be in demand. Every new business has some sort of cost weather is starting car wash service etc you'll need to invest in suppiles, and if its reselling garage sale items you'll need some money to buy those items. Thats why you have a regular job to fund your new business idea. On your spare time work on your side hustle until it'll it make twice the money as your regular job you might think of quiting your regular job. It can be any job like fast food, stocking products it doesn't master. When starting a new business , do not put your eggs all in one basket. Do your research and look at all the cons and postives. All business require some type of work whether it's physical or technical on your phone or laptop. The work is maintaining or growing your business or handling problems your business may encounter. Passive incomes sort of like a laundry mat or vending machine business aren't just magically handed to you it first requires some work for most part but if you really looking for a real passive income all you only need is an bank account and being an affiliate for a big company or business. They'll pay you to promote there products or service. To do this simply go on any business site or company and look for there affiliate sign up page. Where you can easliy sign up with your information. And they'll give you the links, or coupon code you can share with your ig or tiktok Follow or friends, and family. This is a real passive income because you dont have ship products or nothing. But just promote product, or service. Fashion nova for example does this but there are also smaller brands on shopify, and woocommerce. A store that does this is Barber Jungle.
Preach! Thought it was funny that they considered this passive as well
It actually is. He’s making money by not having to be there.
Just like having rental properties. They have start up cost and have to maintain the property as well. It’s still a Business.
Passive income is when making money from a side hustle or small business when you don’t have to work or lil to no work. Everything is going to have their own problems.
Vending machines are here to stay. We love vending!
I love how he has so many data points. His kids will grow up entrepreneurs !
Facts 💯they are lucky kids 🙏🏽
All passive ventures need you to put in work at first! It is passive because it's making money while he's not there. That's what passive is....he doesn't have to be there for it to generate money, he basically has to maintain it after initial setup.
That's still not passive. The CEO of Apple isn't in the Apple store. Lol
"he doesn't have to be there for it to generate money"
Generally speaking, passive income is one in which the owner or investor is not actively involved. An example of this is investing in dividend paying stocks. You buy a stock, and the company automatically pays out a dividend at a certain time. I don't consider making money from a vending machine business as passive income, because an owner has to purchase goods, drive to the locations, restock the merchandise, and maintain the machines on a regular basis. If he doesn't do one of these things, he won't generate any income. There is too much ongoing efforts involved to be considered "passive".
Really appreciate the sharing! I agree... Efficiency is key - so many people miss this simple thought and work themselves into the ground.
I wish these guys would specify gross vs net income. Is that before or after expenses?
Without knowing that, we have no idea how his business is actually doing.
The sole secret of making steady profit is simple;
.GET IN WITH THE RIGHT APPROACH
You don't expect your first attempt to raise huge profits as a newbies due to social media hype.
. Take your time and search for a trustworthy professional and keep up with their signals
Shes got the best rating I've seen. Not only in paper but in one-on-one interaction. Steady weekly gains is really possible and available to all despite been new or without experience...you just have to lookout for Highly rated experts and keep up with their trades... Becky is definitely no.1 on the list!!!
@Maureen *Reach her with the name below on TELEGRAMS App*
*MsBecky1*
Becky's good works already speaks, all Investors are always conversant with her, she's trustworthy in the field just got to keep to her instructions you gonna excel.
At this point after watching these Vending Machine videos , I have come to the conclusion that everyone has a different experience.
Those that are successful, better locations, types of machines in my opinion is the key.
The income isn’t passive until you start passing income …from the machine back into the business and so on…but regardless I admire what he is doing
This was dope asf. And I love how he's *ALREADY* helping others out and giving back through the creation of the app! 👏🏽
Right I was thinking the same thing but what’s the name of the app?! I didn’t hear that mentioned and I want to download it lol
This is not passive income. He’s still having to put in hours. This is EARNED INCOME. Please update! If you have to manage, coordinate or work on deals, you are earning income. Real estate syndications as a passive investor and earning cash flow = passive income!
semi passive
semi passive, cause all he has to do is stock it
He's a smart cookie. I guess I should get the one I have just sitting covered out and put it to work. Someone gave it to me awhile back. $s just waiting to be made. Many blessings to the Vending Biz man for the reminder.
_What are you waiting for Christmas?.._
@@DoctorRickSanchez Likely next X-Mas. My mother passed in Jan., I have 4 other properties to now see to and inventory of antiques to sort. My plate is beyond full and I don't feel like adding more to it : / I've felt no energy to really tackle it, but I better bc it is not going to sort itself. Seeing your mother leave this life is an inexplicable event. God help me 😪
@@lmc2375 _Yeah but look at it like this... It's not going to make a difference if you start now or next Christmas since vending machine snack prices don't really inflate like store bought items. I understand about losing a family member the grieving process takes a huge toll on someone mentally & will stop you physically from getting stuff completed, going to work, errands etc. Condolences for you mother stay up✊️goodluck with your business & don't give up._
@@DoctorRickSanchez Thank you. Still upright, still working, doing more thinking and pondering all the great pics I've shot since she left. I think those pics, that "keep happening" have somehow sheltered me from the full reality that she is gone. They've been a gift - as if, she's still out there, nearby. Unusual things that are inexplicable beyond just a knowing. I recently had an inquiry from europe, asking to purchase a couple of my shots. I need to find what exactly they intend to publish them in, etc. Something else to do. Thank you for the kind words 😊
I wish they had a link to the app in the description. Dude should do a TH-cam channel on passive income.
Search vending bizz on Apple store. It's there with many negative comments about paying for information that's easily found online, plus app crashing and generally trash. It appears it used to be available in the Google play store but no longer.
That isn’t passive income. That’s lots of real work every day.
Like every other business
Nice content! The best way to find that balance between saving and living is by investing, this way you get to have your savings intact and then live comfortably of the revenue coming in from your investments.
His trade execution quality and profiting is well structured with great financial features.
Working with Romero pieto is the best thing that can happen to a beginner trader who is aspiring to be fruitful out of the market he is trustworthy and straightforward we surely need more men like him in trading world.
Good good content.
Yes I'm a living testimony of Romero pieto his platform has also done a great thing for me.
I've seen so many review about this man called Romero pieto who is he ?
I like your mindset, ,,, from an almost 30 years veteran (and counting) of vending
Seen this guy around the web, he’s selling his course on how to build a vending business
It’s a lot of work . I’m glad he is successful he will pass this type of mentally to his children if he chooses to have some
I would love to see him start to hire people to do the machine stocking. I bet he could find enough work for someone to work full time at an hourly rate and be able to keep adding machines. I bet if he doubled his machines and added 2 people to his staff, he would see a massive increase in revenue.
That's a good idea for people who need under the table money.
You have a problem paying taxes Carrol?
I worked in the vending business in Southern California and my route was from the border of Mexico all the way into Orange County. I had to get up early 4:00 am to load the truck and get on the road. The amount of time and effort to load these machines is not passive income. Now, I did have some video game machines in bars and as long as the machines were working, that was more like passive income because it required less effort to maintain the machines because there was no inventory to load. Just letting those who want to start this business know there is a lot of work required.
I love the vending machine business. Been acquiring a couple every year for a few years now
What a motivated, smart young man!! I love this!
I think this should not be considered passive since he still have to go there to collect and fill the machines.
There is no real passive income business. Even stocks are not truly passive.
Most things you have to collect anyways lol
@@taoist32 dividend ETFs are very passive
@@taoist32 stocks are pretty passive tbh, you don't really need to spend more than 5 min a month
Its nice to see someone from this community taking advantage of what America has to offer instead of complaining all the time. Well done
I've got 2 in my laundromat..great investment
This is what I'm trying to do now
Do they charge u rent?
Hey, looking to get into the laundromat business. Would you mind sharing some knowledge?
I'd love to buy vending machines and set them up at businesses. I could give the business 10% of the profits, and I keep the rest.
_15%*_
Thank you for taking the time to create this little film. I appreciate it. Thanks
Philly! I love this. Very inspiring. Keep going 💪🏽
This is a good idea. I make my money from being a janitor by day and trading stock in my spare time. My first bit of money was being an early investor in Bitcoin. When I bought mine they were worthless. I bought 100k for $100 in 2010. Now I live down the street from Independence Hall in Philadelphia. When you see a start up that you really believe in, don't be afraid to invest!
What an inspiring and hardworking man
Awesome guy…a standup businessman. Got me started years ago
Shout out to him for sharing the knowledge 🙌🏾
Hi , it’s wonderful that you shared your business in this channel, I just wannna know what is that app to get the locations which are available for vending machine installation
This is one of my intentions when I get my tax returns. Do u have any specific companies u would recommend purchasing machines with?? What’s the name of the app??
The vending bizz
Bro, I went to Niagara university with you. Congrats on your vending machine business
This reminds me of Kountry Wayne and Mike skit about Mike’s vending machine business!
“Global” 🤣🤣
Depends on the "type" of vending machine you setup...
How do you put trust in staff collecting the funds from the machines, or is this solo dolo venture?
Two things. How did he move the machines to their locations? And how much did each location charge him to keep his machines there?
You would have to either own a truck and a dolly or hire somebody to get the machines to where they need to be I assume. Near the end of the video it was said that maybe in the beginning when you're just getting off the ground, you'd tempt business owners with a small commission, but if you play your cards right and get your name out there eventually businesses may come to you asking for vending machines at their locations.
@@dustindouglas9912 I've always wanted to get into the vending machine business but I get overwhelmed easily just by not knowing how to start. I've looked at prices of purchasing a vending machine but then there's the products and finding a location. I picture myself doing it and it seems like it would be hard. I'm a 5'2 female and if you took one look at me, you'd know I need help moving the machines. Every time I've seen someone servicing a vending machine, it's a a big strong guy. 😞
It cost usually around $150 per machine
Quite An Informative Video,
Keep Up The Good Work 😎👊
How do you know how much to charge above your product cost?
This help so many people situations. those who understand like you. many people who invest was very happy now
This very helpful working at home
Do you need a business permit to be on other business properties? I mean what are the requirements? I got the money and the drive just need the education
Where fo you recommend I get my machine? It will be my first one
I love to see stories like this.
the real question is 16000 as income but from that money goes commission, rent that location or money to buy new stuff and so on: so what is really there after a month?
I've always been interested in trying this out. This is a great story and love how he's giving back at the same time. 🙏
Not sure how he is giving back? By doing an interview or promoting a fee based app?
@@jeremiahdickson569 always love how people like yourself choose to focus on criticism. it speaks a lot to your character. yes, I do believe having a resource, such as an app (fee based or not) is in fact giving back. giving novice entrepreneurs and wannabe business owners a resource to guide them through the process is invaluable. as mentioned, he had no one to turn to on his journey. next guy in line will be that much better off for this. have a good one
@@seanc1898 Because I asked you a question you question my character and I'm the bad person? I have been in this business going on 2 decades and the way he tells about the business is very misleading and will lead to people loosing money because he says he makes 3k a month from one machine.
@@jeremiahdickson569 bad person maybe not, but yes on character. you went straight to the critical. wasted (and negative) energy in my books. you didn't identify your own knowledge and acumen, you questioned the veracity of my statement. knowing now that you're in the business and have experience, I have more trust and understanding in where you're coming from. you would be the ideal person to set the record straight and let people know that this is a very unique situation and to be aware. having said that, he clearly indicates getting a few hundred from some of his machines. is he inflating or lying? very possible. do your part to set the record straight on your experiences then. that would be invaluable as well. hope you get what im trying to say. peace 🙏
@@seanc1898 I mentioned in another comment on here but I will repeat it here since asked. He keeps saying "makes" x amount. Most employees are going to look at that like the amount they get on their paycheck but it's not. It's gross sales. Over the long hual you can only pay yourself in the 10-15% of gross sales of a vending business (meaning you do this as a living). If it's truly a side hustle that you never want to grow bigger than the stop or two that you haveand you never plan on replacing or upgrading the equipment then you might be able to get that up to the 30-35% range. Since I own a vending business and not a side hustle, if I want to make $200 a day I need to deliver $1500-2000 worth of drinks and chips. So to profit $1000 a week I need to sell $7500-10000 a week. I don't think anyone realizes how many bags of chips that is and how far from "passive" that income is.
It is not an easy business. I tried it for awhile, some locations are good. Some candies don't sell well at some locations so have to be moved to anothrt location before getting old. People try to steal from machines using different gadgets to pull candy down etc. The machines are not that easy to move either. Customers not so easy to please. If you get some good locations you may do well. Some states require a food license too.
For sure and how many people just break the glass and steal too. Not much margin for error
What are the best models of used machines
Great work my brother. Excellent example.
How do you feel aboutATM machines or Bit Coin Machines
Hey is this legal, like you don’t need any paperwork or permission or business license to put those machine there ? Idk how this all work cause i’m not in the us
What was the app used to find locations?
3k a month?!! That’s my salary, idk how to start, i just need a few extra bucks not double my income, i would appreciate advice
At 2k a day... Look into crypto
As of right now I’m trying to save up some money myself to get this going I’ve joined groups to kinda help me find things to be sell just to get the money and I’ll jump in the Amazon to try to get that money up so I can get a couple of machines going
use your business credit , don’t pay a dime for snacks . Eventually , you’ll be able to get loans since your credit is so awesome !
Is it hard to get started with the vending business
What higher margin items can get sold in a vending machine? Any ideas on non-food items to include? I heard Fastenall is now putting vending machines in their customer's facilities selling stuff like nuts and bolts
I've seen vending machines with office supplies on university campuses.
How on earth is this ‘passive income’, it’s literally self employment
Besides stock dividends, can you name any type of income where you need put in zero work?
@@mujeebghafari11 Passive income doesn’t require ‘no work’. Passive income is putting work in initially and then receiving income on the returns for a timeframe without requiring further work or effort.
You named one example. Another would be royalties from content. Savings interest. Housing rental income. There are several.
The video is about as far from ‘passive’ as you can get. The guy is refilling the machines- he doesn’t make income if he doesn’t do that. So how is that passive?
If I work in a supermarket refilling the shelves all day, is that also passive with that logic?
Vending machines are not passive income. Its a business that u work be it a little or a lot. Truly passive income is like owning a stock with a dividend. It pays u, with zero work input...
Good info and good bloke well done
What is the name of the app he uses??
How much was the vending machine or was it stolen.
Only here for the eye candy. Oh my bagebus. He prolly should get into modeling too for some passive income. Lol.
This is awesome!!
What apps he used?
Great idea!!!!
What is the name of the app????
Good work and info brother
Love this 💪
He talks about an App, anyone know what app he is using??
What's the app?
Attractive business machines
$3000 per month is an average of $100 per day, including weekends. I’ve never seen a vending machine sell that much product.
It’s very doable, we have a mini vending machine store with about 500 employees going in and out all day.
What’s the name of the app he had to service ppl who needed locations
Phone charger rentals Vending is the future of Vending! Less work and easy to run!
Tell us more…
Customers can rent ans return cell phone chargers at any location you places the machine.
@@Chano601 YES...this is great. Is it happening anywhere yet, do you do this personally?
And what’s to stop people from just taking the chargers
@@KhadiB if he's talking about the machines in the stores, the charger is inside of the machine, no way you can steal it. you lock your phone in the case (password protected) and let it charge while you look around the store or whatever
Very good story
Variety, I have finally found you.
Great video. Thank tou
GAP stock is $9 and pays a dividend. You don't need a lot of money for stocks.
Rocking BMW merch while driving a BENZ,,,,,, tisk tisk tisk.
My question is how do you know who your competition is??
What’s the name of the app?
who does your background music?
Kudos!
He is a cool guy
Cool. Good for you.
Good business.
Sweet passive income. Looking for a low maintenance sort of income
Did I miss it...he doesn't mention $x net or gross... huge difference
great business. but don't let the title fool you it is NOT Passive income
Philly baby
Does he have elves fill up the vending machines and get the money? How is it passive?? I don't think you guys know what that word means.