How I Turned Vending Machines Into A $300K Business | On The Job
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- เผยแพร่เมื่อ 23 พ.ค. 2024
- Marcus Gram, 31, saved up $10,000 to start his vending machine business in 2018. His company, Joyner Vending, now has 21 vending machines spread across Philadelphia, Baltimore, Washington DC and Detroit - and it brought in over $300K in revenue in 2021.
Check out Marcus on Instagram: / iambrother_gram
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This 31-year-old brings in $300K with his vending machine business - here’s how | On The Job
Congratulations bro. Nice of you to share how you did it.
Dude, big fan! I love your channel!
Haha what a surprise I watch you channel regularly
PewDiePie, I never knew you were into the business with vending machines!
This is the point I don't understand. If you're good at this business, why would you want competition?
@@cs2forlife because its not a super cut throat business. Look around, theres plenty of areas that could benefit from vending machines. People just need to think outside the box a bit and do some cold knocking on doors and hustling. Location is prime, you can have the best machine in the worst location and not make crap. Or have one in a prime spot that needs constant attention due to how often it empties. Take a look at how popular of a tourist attraction, YES *Tourist *Attraction vending machines are in japan. Hot coffee.. Pizza.. Literally ANYTHING from a vending machine. Many of these type havent even been brought here.. Untapped market.
This is the kind of story I wanted to hear! Not some kinda BS story where he started with 100 dollars and finally he is the CEO of an agency. Many people hide the real information or any unfair advantages they had behind their success to make their struggle look massive.
But this dude gave away all the info and it's very realistic! Wish him more success !!
In the video he said he has 21 machines. Let's do the math, $300,000 last year and $500,000 projected for this year divided by 21 machines means his average machine is making $14,000-$23,000 a year. That's $1,167 to $2000 per month PER MACHINE. I just did a quick google search asking what the average vending machine nets per month and multiple vending machine sites state $300-600 a month with some stating on the low end it's about $40 a week. In fact, one vending site says a person would need 75-100 machines to pull the numbers he's claiming. Sooo, either this guy has figured out how to mine gold with his vending machines or this video is telling us crap.
Don't believe everything you hear on the internet. If vending machines were this profitable everyone and their mom would be doing it.
@@MH-ru8he right!
@@MH-ru8he he is inflating his numbers. probably makes around 100k.
@@MH-ru8he you talk about the avarage, there is the top , avarage , low .
If the avarage is 300/600 the top gonna be 600/1200 or more cause we don't how much he make it.
You can start a tons of business with just 100$ bucks but no one did cause no one want to put all the effort in it
@@TheBasketballPlug sure but his average per machine is 2-3 times higher than the average reported by vending companies. Definitely makes a person question
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money or you could hire a financial expert.
that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
He's a really nice guy and down to earth. I just find all the B-roll they made him pose for hilarious.
1. Count bills in front of a fanta freezer.
2. Stand next to a vending machine and point at it.
3. Look thoughtfully out of a window.
Also sitting on a vending machine with a wad of cash.
Trying to unload his machines to you
he gave me hope when I lost all. THANKS to him for the herpes & HIV herbal remedies.( #drehimen ).
I see your point. Rule of video get a bunch of B-roll you can get rid of most of it later, yet having too few shots can make things awkward fast.
yeah I feel the same but somehow it seems like suited him. the way he dress and talk
This is awesome. He doesn't have to deal with customers and he still makes money.
Nah I do this and believe me you still have to deal with customers.
@@DROIDFARM only when you are re loading goodies right?
The only thing he found was a full-time job. After taxes he’s only making about 150 K a year which isn’t chump change. But it’s a lot of work when you can do the same thing as a computer engineer and not have to run around all over the place, purchase inventory, babysit employees etc.
@@Eric_In_SF Not true, his job has an ability to scale. Plus, he has so much more freedom, free time compared to a salary man. Eventually, he can just hire ppl to do everything for him. A salary man can never have this kind of luxury.
@@Eric_In_SF He earns 150k a year before taxes comes out of that, the 300k is his revenue and his profit is 50% so makes 150k profit and then what ever the tax is on that in the US (not sure myself as im in the UK)
I love this story. He learned about a business, what customers want, what his margins are, and he has a plan to expand. Can’t wait to see him succeed.
You are right !
I wish the best for this guy, he deserves it for working this hard, he hit the jackpot with these machines!
working hard?
@@fergusflanagan7823 the machines don’t restock them selves, and you have to search for the place where there is no machine already. But I do agree that it sounds easy
@@fergusflanagan7823 For every successful businessperson in vending there are so many disillusioned /failed efforts..... so yes buddy, it does take work and focus to grow a business like this. The calls, the maintenance, the restocking, the transporting, the warehousing, payroll, various insurances, vehicles, ect. Dude doubled and tripled his revenue across 3 flippin states Fergus. You need to digest that and please respect the hustle my brother because I think he's just getting started.
@@0mrflyhat that might take 5 hour once every other week of actual labor with like 20 mins of buying the stock online but still respect to the guy
@@fergusflanagan7823 so easy why don’t you start doing it
Even if he just takes 70k as clean profit that's a nice little business. . I would be happy making half of that in my country.
What's your country?
@@brrr40 Zimbabwe
palestine
I mean that's 5-6k/month clean off
In Western Europe that is Upper Management to Doctor levels of income.
@hiiambarney4489 doc level for sure its not!
I’ve been following him on Twitter for awhile, he’s always offered advice to others for free. Very helpful guy
What is his Twitter name?
Twitter?
What's his twitter?
That’s better than 30,000
I was about to ask
Respect for this gentleman 👏🏻
This guy is so transparent with his business, and I respect him. He has such a good soul, and I really dig his vibe. I wish I can be a business partner with him or even be my mentor.
He´s just scamming people for profit.
@@PROVOCATEURSK so he should give away for free?
@@PROVOCATEURSK how so? what do you suggest he do ?
@@PROVOCATEURSK hater
Lol. He restocks vending machine. Theirs not much to hide… “transparent” lmao
looked into vending machines for a while, great hustle.. awesome to see his success!
Such a stand up guy, you can tell he’s genuinely a good person
Amen.
How hes selling u junk food he got in bulk and reselling it to people who don't care about their health
@@DokesConspiracyNetwork seems like he has a vested interest in stocking what sells. I’m sure if more people wanted healthier options, he’d pop those in.
@@DokesConspiracyNetwork he is not forcing people to buy it.
@@DokesConspiracyNetwork yeah because he's going to make more money off of apples and bananas, genius.
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
Please stop
you spam this garbage everywhere.
Amen. I will be successfully wealthy.
Auctually They Do Become Successful Overnight When They Have Best Methods for Learning & Connecting Socially
me too
The investment you choose isn't right or wrong, just depends on the kind of business person you are or simply the kind of person you are. However, the end game is investing money long term creates wealth every time. Just pick what you like and understand, invest and it will pay off. A lifetime of investing for 5 mil is not hard to accrue.
But experts and strategists are telling us that those who believe the market will still bounce back are simply delusional - and they are about to get a reality check.
@@alexyoung3126 I agree. Based on firsthand encounter with one ‘’EILEEN RUTH SPARKS’’ now i have 55k in a well diversified portfolio which has grown by 3x in the past 7 months with compounding, venturing doesn’t necessarily boil down to money but you also have to be informed, be patient and back it up with good hands
@@checkforme234 I'm 39 and have decided I'm going to try and put 60% of my pay check into the market . How do i reckon with Sharon, whats her services like, do you think she can help me out ? I'm from Australia
@@stephaniestella213 EILEEN covers things like investment, insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that . Just glance her full name up on the internet .she's well renowned and has quite a following. So it shouldn't be a hassle finding her.
@@checkforme234 you really be out here respondin to yourself using different accounts lmao.
Success doesn't happen overnight.
It's a marathon, not a sprint. You have to pace yourself, put in the work, and be consistent day in and day out if you want to achieve your goals.
You are right, to be a successful person in life require him or her of hard work and time
The thing about been successful is working toward it and not going the other way round
Investing in crypto is the most profitable investment due to its current rise, huge profits and future benefits.
@@DavidLopez-nw3krreal estate is good but crypto is better
I diversified my $25K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $450k in net profit across high dividend yield crypto in few weeks or months.
Solid dude, bro gave everyone the game with numbers and locations to get supplies. Most people dont tell you this stuff. Stay up my guy!
Yup and people need to know it don’t happen overnight
You could've already googled that info.
Its because any smart business owner knows most people wont do anything with the information.
@@llpp202 No, it’s because this is all fairly basic info and he will charge a course for the rest (whatever thats suppose to consist of)
@@TruthTellerTV You would be surprised how much people don't know to begin with
Recessions are where millionaires are created, I feel for the older generation, but if you are you or middle age, you should do everything possible to double or triple your income.
I agree with you.
I overheard someone talking about how a couple made $200k during this red season but it’s risky except you’re being guided by a pro.
@@gabrieldolph508 if this is true
I will be retiring in two years and I have a goal of doing that with $1M. How can I reach out to your guide?
@@samuelteddy.439 Follow his channel 👇👇👇
Good for him. You really have to hustle hard in that buisness. But it’s also about location. I’d imagine getting good locations for your machines is half the battle. You also have to pay the owners of the property too.
You actually don't. lots of businesses are just happy to have free machines, that are accessible to the stuff and clients
No you don’t have to pay them anything. You can also buy a vending machine with location.
@@achta8433 If you’re buying a machine with a location you are paying for a location partly lol . Yes businesses charge rent and take a cut. You think you can just put a vending machine wherever you please. Taking up space on their property and they don’t want a cut. Haha you are misinformed.
It's at the property owners discretion...if they charge too much or he doesn't want to pay property owners he can find another place...
Plus he could of added vending machine pay location into his expenses
Wow. What a humble, grounded man, slowly and patiently building an empire from the ground up and bringing his community up with him. He will definitely reach his goals! Wishing you all the best!
I really appreciate him sharing all the profits and step by step guide. This is so cool
And now it's my idea 😈
He seems to be so genuinely nice
he says he pay his workers for what do they do dont the machine sell itself
@I love Black women yeah but the workers have to stock the machines, take out expired products, and make sure the machine itself is running properly.
This is the point I don't understand. If you're good at this business, why would you want competition?
Good job, you've done something great. Well, even if not to be classified as that, you've made it. You always had it in you. You've escaped that financial hole most find themselves in. You took the initiative and kept going, without end
But he has done something great. He's given people jobs! Way up there on things one can accomplish 👌
Love hearing stories like this and guys like Graham. Good character guy with a good head on his shoulders. He deserves to see his business grow and keep supporting him and his family
Once again, everyone loves when someone who is not a TH-camr is featured. Love Marcus’ story and have no doubt he will reach all of his goals!!!
I know right when a popular tituber made a 1 mil from X machine but 90% of the money came from fact he’s popular (either adv or affiliate marketing )
In the video he said he has 21 machines. Let's do the math, $300,000 last year and $500,000 projected for this year divided by 21 machines means his average machine is making $14,000-$23,000 a year. That's $1,167 to $2000 per month PER MACHINE. I just did a quick google search asking what the average vending machine nets per month and multiple vending machine sites state $300-600 a month with some stating on the low end it's about $40 a week. In fact, one vending site says a person would need 75-100 machines to pull the numbers he's claiming. Sooo, either this guy has figured out how to mine gold with his vending machines or this video is telling us crap.
Keep in mind that this video was posted by a site who's sole business plan is to generate views and clicks by ideas of making it rich so there's an inherent conflict of interest to inflate projected figures on any business presented to hype the video. Don't believe everything you hear on the internet. If vending machines were this profitable everyone and their mom would be doing it.
@@MH-ru8he True but the statement that everybody and their mom would be doing it is false. Everyone and their mom doesn’t have $1k-$4,500 to invest in this type of business.
@@chanyoung3725 $1-4k is not a lot of money so I'd say it's pretty attainable for most in the US. $50k maybe not, but $1-4k definitely. I mean most get tax refund checks in that amount each year.
@@MH-ru8he Well an article came out at the beginning of this year and stated that most Americans don’t even have $300 dollars saved up. I mean I get what you’re saying about the other part but everybody and their momma lacks drive so they wouldn’t even do it if someone gave them the money to start.
For anyone looking to get into this, please beware!
1)Vending machines are machines, and in his price break down, he never mentioned repairs, it takes a big chunk of your sales away.
2)ALSO, location, most places won't let you just walk in and place a machine down and the good locations are already leased out to other vending machine owners.
3) You are most likely going to end up buying someone else's route (a few machines in different locations) and at that point you gotta ask yourself, if it was so profitable why is that person selling it?
location! location! location!
Gotta see their books before purchasing their routes then. And tax returns on their business.
@Abhijeet Kundu sounds fun
Exactly he also never mentions the lease cost. Do building owners and business owners just let you plug one of these thing in without a kickback?
@@Rayrockny Usually it's about 7% commission that you pay from what I have read.
I am so inspired and proud of you! Hearing about your success in Philly is huge to me! Thanks for sharing your story.
I wanna say thank you because I love when business owners share their tips and tricks and I’ve been interested in starting my vending machine business and I’m scared but definitely gonna do it just gotta save money now
Super humble and truly hardworking person. Excellent example for people who are trying to make it through.
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
@@kenanporubsky2122 stop responding to yourself usin different accounts bro
@@nickg5819 lmao
1700 likes for a bot comment ARE YOU KIDDING ME TH-cam
Treasury rates are rising quickly, the markets are collapsing, inflation is skyrocketing, and the Fed is imposing a significant interest rate hike-all of which will result in further losses for portfolios this quarter. How can I take advantage of the present market volatility? I'm still undecided about whether to sell my $125,000 worth of bonds and stocks.
The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
in as much as my knowledge of the business is limited, it seems that this is the ideal time to enter the market based on my understanding of supply and demand in the economy. The consistent price variations, which shouldn't be an issue, are the only thing stopping me. But I really need a counselor; could you please assist me?
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
Such a genuine, humble, pure guy!
There's nothing better than seeing somebody succeed! Congrats man and keep grinding. Wishing you the best all the way from Dallas, TX.🙏
I know him, he’s such a sweetheart and deserves all of this success. I’m incredibly proud of him!
Never thought about doing this as a cheaper way to start a business. Major props to him!
He gave 100% game on like some who will preach and make sure they leave out key details. This is free first hand course in less than 10 mins.
Literally!!
Some of the expenses he didn't mention are maintenance on the machines, rent space for the machines, and drive time.
@@jakeboogey But it also might come down to how much it cost to do so too...... Just saying.... When I had my own thing cost were negatable because the profits more than made up for them....
Great video❤️
I hope everyone gets rich
Yeah! But we can't get rich overnight right? Getting rich comes with multiple INVESTMENT but we all have to start from somewhere!
No specific one really, because there are lots of investment plans and strategies littered all over the internet today,for instance, investments like real estates,gold, crypto currency and lots more
@@josephfrys6969 I've heard alot about crypto currency investments and how effective it can grow your income! Any recommendations on a guide?
@Mrs Trust NOBLE Thanks so much for the recommendation, I will look into it.
I heard so many millionaires like Mr elon are investors in the crypto space
I’ve been wanting to do this for 5 years - OMG 😱 it’s time!
Gosh, I’m sooooo happy for him and how he’s building
i Believe this guy because he's not showing that with vending machines he's making millions and walking around with some crazy car (which most people would show) which makes him a very respectable person and a modest one.
wow i was following this dude on twitter before he started and watching his business grow was dope
I stocked vending machines for a small company for 3 years. Definetly not so cut and dry. Location is a probably the biggest thing by far to worry about. He also didn't talk about the issues like expiring products and making the machine run without problems. Those can snow ball real fast. Machines don't work, no one buys stuff. No one buys stuff and you have an entire machine of expired products eating into your profit. And you can only eat so many expired Doritos and Snickers before you get sick of them haha.
he checks them regularly so the issues of expired products wouldnt actually be a thing for him. and im pretty sure machines fail occasionally, but making 300k a year with a projection to make 500k, i'd assume that it happens infrequently enough to deal with and keep going.
He also ignored the fact that a lot of places where you put the machines will want a cut of the profit, for storing it in there building.
@@fallendevonish1869 Yeah. That location issue is huge for sure. Some places are chill with you racking in the dough and some aren't.
@@FromTheHipp Just because he checks the machines, doesn't mean they won't expire. You have to keep an eye on dates and if you notice something isn't selling, transfer it to a machine you're sure it will sell in. But thats sometimes easier said then done depending on your route and what time of day you drop by a machine. Might mean a lot of back tracking. Point is I did this for 3 years. CBS didn't cover everything and this business isn't simply easy money.
@@columbiajones1534 yeah i wasnt saying they wouldnt. im saying keeping regular tabs on this, which he made seem like was daily, lowers your chances of such things happening.
Love that it’s not about another TH-camr. Happy that he‘s succeeding and wishing him the best.
Really inspiring! Thanks for sharing!
Nice video. Only issue I have with it is how much of that profit goes towards "rent" or the buildings where the vending machines are. It is highly unlikely places will let you place your vending machines in their building for free.
What a great story he has to tell. Not only did he become successful, he really enjoys the success as it continues to grow and he helps his family too. Just awesome.
#Plan
This is the second guy I’ve watch on this channel that is making over $300k in vending machines. Kudos to this guy.
Congratulation my man. Hard work always pays off, now time to continue innovating and growing your business ✌
This video just made my day. Happy to see he found a way to not only survive but thrive in business, and all on his own. 🙏🏽
Thank you so much
Nice one. I have a very profitable Bitcoin trading investment offer for you that will earn a good income aside your work. Ask me how?
@@Theselfcareking You're very welcome. Thanks for the inspiration. I'm also at my mom's now after loosing a job, and it's always an inspiration to see we can find a way forward. Many blessings and continued success. :)
@@GCVIDEOPOST I’m wishing you nothing but success
@@Theselfcareking Thank you so much.
Good Stuff, didn't knew vending machines have this much potential.. kudos to you bro!!
From nice hustle to growing business. Congratulations, Marcus, and hello from the UK.
I'm currently writing my first set of entrepreneurial guides for enterprising young individuals. Vending machines figure heavily, albeit with a unique strategic twist I've added. Once you've read it, you'll never look at the vending machine industry in the same way again.
Once a suitable draft is edited, I'll forward you an extract from the section in the guide discussing the 'vending machine' model. Perhaps, once you're satisfied with what you read, you'd be interested in providing some industry insights or a quote for the guide.
Again, well done. Keep on keeping on, Marcus.
Awesome job! Thank you for sharing all your amazing ideas. Super happy for your success! Wish you so many more wonderful things to come!
the ability to find a niche and make a living is what has made America great. props to this guy for his spirit and drive.
I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks (with the help of my Financial Advisor of course) and made about 246k, but guess what? I put it all back and traded with her again and now I'm rounding up close to a million.
Yeah! every $1 you invest today is a little bit of time that you buy back in the future, the more you invest, the more free time you can afford in the future, having time and the freedom to choose what to do are the ultimate investing goals.
The pandemic came and taught me the importance of having multiple stream of income, unfortunately having a nice paying job doesn't mean you are financial secured anymore. So we all need to put in an extra- income earning chance, like bitcoin, stocks bonds real estate .
@@charlotteoldbury2013 True! Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The stock market has plenty of opportunities to earn which I myself took advantage of. I made my first million from going diverse, mainly ETFs(stocks, bonds etc), bitcoin , and gold. I'm also working on an investment plan that includes NFTs with my advisor, Katie . It's been a year and half of steady growth.
@Tran Nguyen What actually the idea behind this bitcoin investment,I have been watching some videos and I was thinking about investing in bitcoin , but still don't know where to start from
@@estherramirez4116 Same here ,It's strange how people talk about all the profits, they've been making through investing in bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.
What a grind. Bless you man! Only more and more success!!!
Awesome. Keep going!...and too, keep building up your TH-cam channel as well. You have so much potential to help people there too. Great job👍
Seems like a great guy, so happy he was able to turn a side hustle into a career!
Thankful for every gem this guy shared on here. He gave much more info than the average trust fund baby who's just being opportunistic. For those of you speaking negatively about him, that's probably why you're not doing as well. He has every right to sell his knowledge if that's what he chooses to do. Don't they all?!
Taking more than 100% profit from customers is illegal in many countries.
300k a year, 10% to employees? Yea, real honest. He really knows his business.
He's not making 50% profit. That's a fact.
He either has 1 employee he underpays or he makes maybe 60k a year at this rate.
Most informative video I've seen yet on this. Thanks for the transparency bro!
This is one of the most inspiring videos I've ever watched in a very long time.
I love how to the point this video is! Major props on your success!
This is a nice down-to-earth and very humble guy. Happy to see him out of poverty. Great success in the future from Portugal
Thank you so much
very kind of you to share your margins! i have no doubt you have inspired someone to start their own company.
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Bro shout out to him 💯 he really just spread the knowledge out 💯 love you cous for just speaking up abo ur experience u never know how much people can relate to it
Overhead, depreciation, etc...what is the net income
What a great, informative video. This Guy's humble and easy way of communicating is spot on. No wonder he is successful. Great job all around. I do wonder, does he pay rent to the location owners, or is there some kind of profit sharing? 🇺🇸
its fake. he makes 90% of his money now from his instagram.
You often have to pay a fee but sometimes they are just happy if someone does it because it is good for the Office
you repeat the same comment on every page?
@@mitchellluce2932 how do you know this?
@@iambeter easy, I'm omniscient. Also nice profile pic.
Great Video and how he broke everything down. I got to say I'm truly happy for this guy even though I don't know him. He used his brain and he came up with something that makes him lots of money. He's already seems like he's good with money and makes good decisions so I'm sure he'll go even further than he's already went.
Man you deserve it no doubts about that! Keep the grind going 🙏
Well done CNBC make it! The success story is clear, inspiring and easy to follow
Well said, but i think we can discuss this topic!
The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. >
I agree! That's why it is advisable that you have to invest while you still have a regular job or earn a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation are the keys.
The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.
@@jorjabertie3466, Yeah you're right, It would be more beneficial and yield more profit if you actually traded I've been trading since the dip, I've made so much profit trading, the only reason I don't feel the pains more.>
@@bonifaciomazzanti1251 This is really impressive, who is this advisor?
@@jorjabertie3466 Nah I receive signals from my coach 'Cintra V. Bedassie, and I've made a lot of profits.>
Thank you for the info 👑. Keep going up man. Looking forward to watching and learning more. ✊🏿✊🏿
Awesome, brother.. Much love to him for sharing his success
Congratulations. I love that you’re all about inspiring and teaching others and changing lives. Eye on the prize!
Dope video, definitely inspiring. Keep up the good work brother. 🙏🏾
Amazing story. So awesome how he helped his family.
Omg This is just what I needed. I had no idea this was possible. Thank you
5.9% of every credit sale goes to the card reader company plus the $10 a month in Service fees every month, state and federal taxes, sale tax, and possible 10% commissions. In iowa we have 5 cent deposite for soda. His company might gross $300k a year he’s probably netting $30k. 21 machines at $300k a year is stupid impressive though. I grew up in this business and am 32 now. More people are getting into vending bc they see videos making this business look easy. A majority of those people get a rude awakening on how much time it takes to be successful and give up on it, losing the trust of the business or customers they had which makes it harder for the next company that takes it over to gain the trust in their machines.
I don't know if they verified this income. 21 Machines making that kind of money means he needs to restock most of his locations on a daily basis. I own 32 Vending Machines making around $200k revenue, and you are correct. When you break down the costs associated with it, the margins are nominal at best. If I make $1 in vending, 5.95% goes to Nayax, 7.5% goes to sales tax, and (my margins are pretty good) around 25-45% goes towards COGS (cost of goods sold). Take into account repairs (We have a technician we pay $15/hr.) business insurance ($225/mth), wages for 2 employees making $15hr, a van, ect, we are only taking home around 30-40% as profit.
You are right !
Japan would definitely hire this guy. I mean there’s vending machines everywhere there.
I really like this guy. He's a real stand up guy.
Wishing him all the best.
What an inspiration! I'm so proud of him!
I have a few business ideas I want to try for myself, and this has inspired me to look into the vending business. Really cool video.
Ideas will always stay ideas if you dont do anything with them,
Just pick one and go for it.
Even if you fail, you can always learn from your experience for the next one.
Good Luck!
@@zainahmed6502 Good words. Thank you!
I just don’t understand how you find places that don’t already have vending machines
This is amazing bro proud of you very motivating 🙏🏼
Congrats - soo much respect to you!! Keep rising 🙌✨
I like how you turned your idea into something tangible and profitable. I have been thinking about this sort of business for a while but it is great to see someone actually executing it. I hope you get your Vending machine warehouse
Laundromats are also another similir option
@@madcityy269 why they failed?
@@madcityy269 I'd like to know more about what they failed as well.
@@noeorozco5054 locations basically. Any location that will make you money is already occupied and you're at the mercy of the surrounding buildings if you find a good spot. If one shuts down, you might as well pack and leave. Like the good location was making him 400 a week and when a nearby bank closed it was done.
@@Laydee780 forgot about this. Check the other reply.
I was up to 5am researching vending machine. This video came right on time. He’s definitely doing his thing so, happy for him 🙌🏾🙌🏾
Thank you so much!
Let's meet up and compare notes
My boy!!! Way to go out and get it! The right way. Nothing but praise for this young man.
Well Mr. Gram, you just changed mine. My husband are looking into this little gem as we speak. Thank you for sharing!
I cannot express enough how inspiring his story is to me.......It gives me hope for my situation to keep trying to put my wife and kids in a better situation for their future and for me to feel like I'm proving myself to be a better provider for them. I don't even know Him yet I'm proud of him!!
You got this! Wisdom and intelligence for making correct choices comes with experience and time, and the more you try, the more you’ll learn and the more successful you will be. Give it time and keep trying, you’ll reach your goal one day!
@@steamyninja8881 Thank you does not even begin to express appreciation for your encouraging words!! I'm going to snapshot this to read for encouragement in times when I need lifting. Thank you so much.
@@a-symfony6312 Let’s go bud! You can do this; keep the flame alive! 🔥
@@MultiversalGoat Thax u greatly Ruben, this encouragement is a blessing to my soul and my confidence!!
This is inspiring? You must be broke
The fact that he gave all the numbers with all the ideas and tips genuinely make him a great influencer ❤️
My man! Love seeing these stories. Straight hustle! 🔥🔥🔥🔥
The most informational video in like 8 min I have seen
im glad see black man doing so well in life.
This guy is such a positive example. Well done 👏👏👏
Sell for 200% profit, sounds like a theft. Nothing positive about it.
This made my day. What an inspiration you are.
So wholesome ... Nothing Crazily outlandish JUst a guy who saw an opportunity and worked at it Good on him
Love this!!! Thanks for sharing!
Thank you for watching!
I’m very proud of this young man I want to get involved with the vending machine business 😊
i work a good full time job but boy did you just spark something in my brain and now got me thinking. Thanks for the info! Keep up the excellent work! 👍
I loved this! I've been hearing about owning vending machines for a couple years now (from EYL). Once you find a great location, then you have good chances of being successful.
I LOVE rags to riches stories, where the person has worked hard to get where they are and didn’t follow the cultural norm or get handed money to start out. WAY TO GO!!!