Wow! I had to leave a comment on this, as it seems it has not been mentioned yet…. Major props to you for taking the time to create your own Closed Captions in your video and ensuring accuracy with them as well. I know that those that are hearing impaired greatly appreciate you taking the time to do this and their viewership into account. Genuinely you are one of the very, very, few TH-camrs who do this. Thank you.
I saw another guy who took a similar path. Didn't make much the first year, along these lines, next year he was up to 20k. Year 3 was 250K.. With this business, it just seems like you have to focus on expanding and getting more and more contracts. I wonder if he had to start needing to look for employees, at that point.
A rental property, after expenses, may only make $300/month ($1800/6 months). This is actually great semi-passive income, especially when you build up your portfolio.
The key is to scale if you want to replace your take-home pay with this type of business. However, he has explained in other videos that this is strictly a side hustle and the profit is deposited into savings for his kids.
@@breadnaut3087yeah but 30 machines at 1500 used each is $45000 investment not including the cost of all the stock you would need to put in them and driving to 30 different locations to service and restock would be impossible in 1 day.
Wish I Could Have Done It Sooner! Most Of My Kids Are Adults Now ... But, It's Not Too Late! Thanks For The Info! Also, Doing It For My Kids Too As Well!
Hello! Thank you for the information, I always wanted to go into the vending machine business many years ago but it didn't happen, so maybe you can help me and educate me more and help me to get started, so I am looking forward to hearing from you soon God Willing in the name of the Lord Jesus Christ! Thank you so very much!! God Bless!! 🙏🙏🙌🙌
Im only doing cashless machines. Dont have a credit/debit card? Ask your buddy to tap it for ya. But no hassle with staffs crying about not getting enough change back. We live in a new era and cashless is the way folks.
Thanks for sharing your insight! My 10 yr old son just bought his first vending machine and we are in the process of securing his first location. He’s been eating up these videos, learning tips/tricks and things to avoid or keep in mind. I love seeing his excitement running his own business and hasn’t even made a dollar yet.
Great video. Only thing missing is a profit breakdown. 2500/6 months might be a good use of time for just a few hours per month, but what about the stock cost? Would love to know what net profit per machine is a month!
Hey I have a question. How to buy say 2 vending machines at location anywhere? I live in PDX area. I looked online but alot of locations just offer to pick up the machines. That's not what I want. I wanna buy it on location and service it there.. less hassle for me. Thanks
Great, detailed content. Thank you. For the savings account where you are keeping the earnings, make sure it is either a high yielding savings account or you are putting it in a market account earning market rates. This way your money is growing and not losing value due to inflation and depleting your hard earned dollars.
Hi, could you explain more? I’ve been in the vending business for a few months, and I’ve been using my regular savings account to transfer my earnings for the meantime.
@@oxymarvin A lot of the regular banks offer very low interest earning checking and saving accounts (0-1%). Better to keep your money in a bank like Ally which offers 4.5% with no minimum balance requirements. For long term savings, you can open a trading account and put money into an ETF that mimics the market so you are decreasing your risk while earning average 7%-10% annual return. Again, do your research since the amount of savings will determine which strategy works for you.
Peace bro , been watching all your vending machine videos about to start over here in Chicago area , but I was just stationed in the navy down in VA beach besides the military part I fw a lot of ppl down there in VA beach and Norfolk 👏🏽 stay hustling g
Offer it as a service, explain how all handling and management will be your responsibility, never bring up giving them a percentage unless they ask for it themselves. Never go higher than 10%.
Just some critiscim here, Your videos feel like they are not pre-planned which messes with the flow. I think you need to plan a script, camera shots, and everything else. I have been watching your videos a for a while, the information is their but you can do better. Probs thou.
What's going on. I have a elderly spot like that as well. I ended up going credit card only. No cash. That made it safer and they gave me a code to get in the gate to provide services.
I absolutely respect that insight at 9:50 regarding keeping up with the machine for that location's staff. I agree 100% and thats what keeps my motivation on days I may feel like not stocking mine.
I've been interested for years in getting some of these, my main concern was always where am I going to put them. How do you find places to put your machines?
Any questions, comments, advice feel free to drop it 🙌🏾💯🎯
When finding a location do you give a percentage to the location owner ? Or how does that work
Hi - Yes - the contract?
Yeah man we need that contract! Thanks.
@@NASTYMMA Theres another video dedicated to the contract
@@happytimes2008can't locate it. Do you have the link to it?
Wow! I had to leave a comment on this, as it seems it has not been mentioned yet…. Major props to you for taking the time to create your own Closed Captions in your video and ensuring accuracy with them as well. I know that those that are hearing impaired greatly appreciate you taking the time to do this and their viewership into account. Genuinely you are one of the very, very, few TH-camrs who do this. Thank you.
Haha def wasn’t easy! Think it’s still some mistakes but thanks man 💯✊🏾
It's really awesome man, I hear pretty good but if I don't have my hearing aids in it can be kinda hard. Helped a ton! Quality shows for itself!!
Smart narrator; great content. Aedin
2 500 divided by 6 months = $400.00/month Find other lucrative locations or more machines. Aedin
please don’t let your money sit in a savings account.. learn about things like investing, IRAs, etc so your money can make money!
agreed. s&p500 all the way
I like that you take your customer service very seriously and you take pride in your business.
100% one of the best videos ive watched so far, lots of depth very informative
Hyper informative. extremely well made. We love to see it.
My dawg 💯
I’m here because of the chicken wing dance 💃🏻
$2500 over 4 machines in 6 months? So about $104 a machine a month. Or $2500 for a single machine over 6 months?
Seems like an awful lot of work and hassle for $2500/6 months. Thanks for the insight, very helpful.
I saw another guy who took a similar path. Didn't make much the first year, along these lines, next year he was up to 20k. Year 3 was 250K.. With this business, it just seems like you have to focus on expanding and getting more and more contracts. I wonder if he had to start needing to look for employees, at that point.
A rental property, after expenses, may only make $300/month ($1800/6 months). This is actually great semi-passive income, especially when you build up your portfolio.
5k x 30 machines is 150k a year.
The key is to scale if you want to replace your take-home pay with this type of business. However, he has explained in other videos that this is strictly a side hustle and the profit is deposited into savings for his kids.
@@breadnaut3087yeah but 30 machines at 1500 used each is $45000 investment not including the cost of all the stock you would need to put in them and driving to 30 different locations to service and restock would be impossible in 1 day.
Wish I Could Have Done It Sooner! Most Of My Kids Are Adults Now ... But, It's Not Too Late! Thanks For The Info! Also, Doing It For My Kids Too As Well!
Hello! Thank you for the information, I always wanted to go into the vending machine business many years ago but it didn't happen, so maybe you can help me and educate me more and help me to get started, so I am looking forward to hearing from you soon God Willing in the name of the Lord Jesus Christ! Thank you so very much!! God Bless!! 🙏🙏🙌🙌
You’ve got a great mindset young man! A natural business man!! Very professional. Keep up the good work.
Do you prefer selling bottled drinks or canned drinks more
Im only doing cashless machines. Dont have a credit/debit card? Ask your buddy to tap it for ya. But no hassle with staffs crying about not getting enough change back. We live in a new era and cashless is the way folks.
Thanks for sharing your insight! My 10 yr old son just bought his first vending machine and we are in the process of securing his first location. He’s been eating up these videos, learning tips/tricks and things to avoid or keep in mind. I love seeing his excitement running his own business and hasn’t even made a dollar yet.
How did your 10yr old buy a machine with no money
Don't get complacent. Just let that passive income build and work ot to its best yield, but work to make it pay for all your extra.
Dude, you have such a great spirit. Props to you and your commitment to your family
Great video. Only thing missing is a profit breakdown. 2500/6 months might be a good use of time for just a few hours per month, but what about the stock cost? Would love to know what net profit per machine is a month!
Make cards up and put them with the machines and put a drop box for people to fill out with requests on what items they would like to see?
How much you buy your items for and how do you try to price them based on what? Thanks
Hey I have a question. How to buy say 2 vending machines at location anywhere? I live in PDX area.
I looked online but alot of locations just offer to pick up the machines. That's not what I want. I wanna buy it on location and service it there.. less hassle for me. Thanks
Do you have to pay the location for electric use or space?
Great question.
Great, detailed content. Thank you.
For the savings account where you are keeping the earnings, make sure it is either a high yielding savings account or you are putting it in a market account earning market rates. This way your money is growing and not losing value due to inflation and depleting your hard earned dollars.
Hi, could you explain more? I’ve been in the vending business for a few months, and I’ve been using my regular savings account to transfer my earnings for the meantime.
@@oxymarvin A lot of the regular banks offer very low interest earning checking and saving accounts (0-1%). Better to keep your money in a bank like Ally which offers 4.5% with no minimum balance requirements. For long term savings, you can open a trading account and put money into an ETF that mimics the market so you are decreasing your risk while earning average 7%-10% annual return. Again, do your research since the amount of savings will determine which strategy works for you.
Thank you so much for that ! That was so helpful!
Hello let’s see what happened I am thinking about about dining thus
You'd triple your earnings if you lived down under 😇
Peace bro , been watching all your vending machine videos about to start over here in Chicago area , but I was just stationed in the navy down in VA beach besides the military part I fw a lot of ppl down there in VA beach and Norfolk 👏🏽 stay hustling g
Thank you for breaking everything down step by step.
So was the $2500 for 1 machine or for all machines?
I wish my dad thought the way you do about your kids' future. It would have made my life so much easier.
Where do you suggest to get the snacks from or what is your main source?
are you using the locations wifi for card readers? how does tha set work
Do you ever pay commissions?
Does your vending machine spit out 3 chicken wings and fried rice? If so, drop the location and I will be there
Do you offer a percentage to the locations or do you sell it as a free service? How do you approach these businesses?
Offer it as a service, explain how all handling and management will be your responsibility, never bring up giving them a percentage unless they ask for it themselves. Never go higher than 10%.
Where can i find the contract sir?
It’s a new vid on my channel where I explain the contract and the link to it is in the description fam 🎯
Did you link the contract in the description?
Ahhh you’re right, I’ll add that and let you know when it’s there 🎯
Thanks
Were you able to get the contract?
@@scootp uploading it rn fam gimme one sec
@@scootp just posted a vid with it explained and linked in the description
There is to much candy
Where do you usually buy your supplies at?
Great question.
Just some critiscim here, Your videos feel like they are not pre-planned which messes with the flow. I think you need to plan a script, camera shots, and everything else. I have been watching your videos a for a while, the information is their but you can do better. Probs thou.
Was thinking about vending business, you definitely covered in depth details rock wit yo channel ☑️
I don't see the contract.
Good Vending Videos man- keep it up. Do you pay a locator to find you locations or do you get the locations on your own?
Good video brother, my question is this what are the details of selling a location in moving your machine?
GREAT info I will be following👍🏽 Thanks
How much did the machines cost you initially
Depends if it's used or not and if it sells just snacks or if it's mixed.
You can get a good machine for $1500-$4k
How do you change icons on the soda machine? Do these machines come with all different types of drink buttons you can replace or how does that work?
When using nayax were you required to fill out a W9 form ? And a credit application with the company like an application ?
Yes, not too sure about a credit application but all legal documentation for taxes etc. for my business with Nayax.
@@LewSidRaps yea I was kinda skeptical since I’m new to, but it required my W9 and the application it says credit application as well
@@flawlesssnipes630 yea they are 100% legit. So whatever’s in the process is necessary
@@LewSidRaps also when it’s time to do taxes do you self report or does the company send you tax forms at the end of the year ?
What's going on. I have a elderly spot like that as well. I ended up going credit card only. No cash. That made it safer and they gave me a code to get in the gate to provide services.
Good video big fella … I don’t see the contract in the bio.
Posted a new video with the contract in the bio and explained it, it’s on the channel 🎯
Hey great video, do you have any consultation like 1-1 to discuss the vending business?
Thanks for the information. Is the link for the contract still available?
Good video seems like you are doing great. Also only video I’ve seen where you address not taking every location.
Good video. Was that $2500 each machine for the 6 months?
Thanks!
that one guy that works there buying honey buns and spicy sweet doritos every single day 😂
Im kinda thinking about putting 2 machines under my LLC just to see how it runs
Can i get the contact i dont see it in the comment
It’s in the next vending video I posted on here, it explains the contract too 💯🎯
is the facility asked for something as rent or fee for your machines? part of the contract
Did you need any license or permits to start?
Depends on the state/county. Usually just a normal business license but some states have different licenses for vending
You gained a subscriber today. Thanks for the good knowledge. Can we get the link to the contract?
I absolutely respect that insight at 9:50 regarding keeping up with the machine for that location's staff. I agree 100% and thats what keeps my motivation on days I may feel like not stocking mine.
Yo eh, love your content. Keep at it 💪👍
How do you find areas to place them? Do you pay rent to have them there?
Nice video my brotha! Do you have contracts with your locations?
1) How many cans do you need to have for fill each column?
2) where did you buy the silicon? Wich one is?
Takis double crunch nuts...fire 😋 👌🏽
I heard you mention locators … where can I find that ?
All these thumbnails of vending machine guys shows them holding a stack of money. They're singles. It's not that impressive. Please stop.
There’s actually some 5’s in there too my bill acceptor takes 1’s & 5’s
Where to get inexpensive machines from?
Peace how do i find a good vending machine? How much?
You sell your skittles for .75?? HOW??
Do you make contracts with them?
the contract isnt in the description
Where can I buy one machine please
Was it hard for you to get a first location
👌🏿👌🏿👌🏿👌🏿🦾🦾🦾🦾
$2500 total sales ? Therefore need to deduct cost of goods and another expenses like gas, time etc ?
True I'd love to know the actual... income made. After gas and supplies. What's the "actual" take home. Maybe 20-30% less?
You should try selling chips ahoy cookies
Best video so far without catch. Down to earth!
How many machines do you have
Where’s the contract?
just posted a vid with it explained and the contract linked in the description
Did you pass by Lake Elsinore
I didn't see the contract in the bio good video
Where's the contract in the description?
Dope, thanks for sharing ! I appreciate all this info
Your an amazing dude! Keep up the good work!
How do you get the location
Lots of wise nuggets in there
Thank you for this video!!
You are a sharp guy. I am impressed with you.
Where the contract
I need a location
Where’s the contract form?
🔥🔥🔥🔥🔥
Sell takis chips
where was the contract
I likes this. Learned a lot as well 😇
Hey, Which card reader do you use?
Contract link ?
I've been interested for years in getting some of these, my main concern was always where am I going to put them. How do you find places to put your machines?
Just gotta reach out and contact most of the time
Its funny cos have ever been at a place and say this place needs a vending machines happens more times than you realise.
How you go about buying it?