Hey bro could you make a video explaining how you report income, expenses, keep receipts organized, and manage the credit card reader? Do you need an EIN to get a card reader? Or have you made one of these videos already?
cool vid! so that was $190 revenue or $190 net profit? What was net profit? Is there a reason you haven't installed a CC reader on that cash only machine? CC reader fees? Summary of your pitch to the business? Was it a simple "Hey I'll put a vending machine in here and it'll keep your employees happy and more likely to stay at work, working?"
Hi! That was her profit. Profit was 66% of the total net profit so about $125.00-ish... I haven't been able to install a credit card reader on that snack machine because the wiring is wrong and I can't seem to figure out how it's supposed to be wired. I usually give a finder fee and that has worked out for me. Thanks for watching! Great questions btw
@@thevendingchannel-davidsan4955 Thanks for the quick reply! I've noticed it's hard to set target ROI's on these vending machines and it seems to be about continuously just trying to improve from where you're currently at. Do you have a plan/ideas on how to increase ROI per machine per location? Ex- have you experimented with raising prices 25%; putting in more expensive items; etc
I will most likely raise the prices on my soda drinks and get more accounts. That's my plan for this year. Thanks for the awesome questions. This almost feels like an interview lol!
Hi! Thanks for liking this video. I think I get more cc sales because most people nowadays carry credit cards instead of cash. I'm posting more content soon so make sure to Subscribe!
Hi! The profit is about 66% of all the revenue collected. I do not pay any rent thankfully!! I will be creating more content soon so make sure to Subscribe!!
Good collection!
💵💵💵👍
Thanks!
Oooo money money money! Good job brother!! -Alejandra
Thanks Alice!!
found your channel and enjoying it
Thanks! I'm glad you are enjoying my content! I will creating more content soon so make sure to Subscribe!
Hey bro could you make a video explaining how you report income, expenses, keep receipts organized, and manage the credit card reader? Do you need an EIN to get a card reader? Or have you made one of these videos already?
Nice man👍🏻
Thanks brotha
Very organized with the money counter. Love it bro 👍
Thanks! I appreciate the comment!
cool vid! so that was $190 revenue or $190 net profit?
What was net profit?
Is there a reason you haven't installed a CC reader on that cash only machine?
CC reader fees?
Summary of your pitch to the business? Was it a simple "Hey I'll put a vending machine in here and it'll keep your employees happy and more likely to stay at work, working?"
Hi! That was her profit. Profit was 66% of the total net profit so about $125.00-ish... I haven't been able to install a credit card reader on that snack machine because the wiring is wrong and I can't seem to figure out how it's supposed to be wired. I usually give a finder fee and that has worked out for me. Thanks for watching! Great questions btw
@@thevendingchannel-davidsan4955 Thanks for the quick reply!
I've noticed it's hard to set target ROI's on these vending machines and it seems to be about continuously just trying to improve from where you're currently at. Do you have a plan/ideas on how to increase ROI per machine per location?
Ex- have you experimented with raising prices 25%; putting in more expensive items; etc
I will most likely raise the prices on my soda drinks and get more accounts. That's my plan for this year. Thanks for the awesome questions. This almost feels like an interview lol!
@@thevendingchannel-davidsan4955 thanks! and good luck!
Thank you!!
How did you learn so much? I recent,y started my vending business and sometimes I don’t know what gets stuck or why it won’t bend sometimes.
Hi! I learned through experience and just figuring it out. The internet and TH-cam also helped. Thanks for the comment.
I like the collection videos. It is interesting that you get so many credit card sales. I don’t see many credit card machines in my area
Hi! Thanks for liking this video. I think I get more cc sales because most people nowadays carry credit cards instead of cash. I'm posting more content soon so make sure to Subscribe!
You didn’t include CC total
How much did you make in total? You never mention what you Make in card reader sales?
What machines do I use to count ur cash and change
Nice collection broke! What city and state are you in?
Los Angeles, CA
@@thevendingchannel-davidsan4955
I'm in Florida
@@ChromeVending Nice! On the other side of the US.
@@thevendingchannel-davidsan4955
Yep.
How much were the CC sales for the 3 weeks?
I forgot. I made this video a while ago lol. My bad
Is that your own bill counter and your own coin counter? 🤔 What brands are they and how much did those run you each? 👍🏼
Yes, that is my bill counter and coin counter. They work awesome!! I'll make a video on them w all the info.
Oh nice bro! I'm thinking of getting both for my businesses as well. How long have you been in Vending?
Been in vending for a little over a year now. Hbu?
@@thevendingchannel-davidsan4955
Pretty much the same.
I like watching collections vids👍
How many locations are you running?
Glad you like the videos! I currently have 6 locations working on my 7th...
What is your profit margin and do you pay rent to the businesses where you keep the machines?
Hi! The profit is about 66% of all the revenue collected. I do not pay any rent thankfully!! I will be creating more content soon so make sure to Subscribe!!
@@thevendingchannel-davidsan4955 , thank you for the reply. Do you do it as a business or a spare time hobby?
I am doing it as a business but right now it's only a part time business...
How much did you invest to start. Great vids bro I'm ready to invest
I will create a video on this topic, thanks!
Do you have to pay rent to these locations where your vending machines are situated?
Thankfully I don't pay any rent at any of my locations. This is mostly because I'm providing a service to them and feeding their employees.
Salute bro great video gotta love these vending videos 💯🙏🏾 go check me out