I have seen a lot of interviews on this subject. It's nice to get more personal behind the scene on how the business works for the person being interviewed.
You did a REALY good job, I was suggested this video, I am currently working on some new software and as I am listening and watching-this interview is very good. It really reminds me of a show called California Gold. Your style is very simular, you ask a lot of questions, but you also focus on the people. Its the people that makes the business your interest and of course the human side. Again- you did a very good job. I will check to see what else you got. The number of (VALUABLE) questions, is emense but educational.
@jaimeibanezz what app were you using that you showed in the video? We're currently using VendSoft, but looking for more integrated alternatives. Please share!!
You're doing great. Tip with the chocolate....Get yourself a commercial freezer or two and freeze your chocolate over night. Take only what you need for the day and pack those individual boxes in a larger container. They will serve as their own ice packs and should last you most of the day.....if you start early enough and work fast enough. 😉 Also, Im impressed with your progress. I've come across your videos for a few years now and you've grown nicely. Keep it up. The warehouse looks great.
Jaime is a good man and he smart isee a vedio of him but he dosent answer my q for help that why I'm didn't keep see his chanil iknow maybe he is busy but iwas try many monthes maybe since one year... That also why iwell not complaint this vedio with all my respect
Respect for him. I remember doing the same exact thing in high school unfortanely I wasn’t aware about vending machines being a business 😂 Well Amazon FBA is the next best thing for me. Great interview man 🤝
@@andrewmorales5485 that's gross sales so it's more like 15k a month in profit plus he has to pay taxes on that as well. Him and his wife are working together so they make around 90k each before taxes which is great for working for yourself, but they aren't millionaires yet. I'm sure if he keeps grinding, he will be one day.
I love the vending machine business I have 3 locations working on my 4th I started with a cheap Chinese brand (genesis) now I'm only buying AMS machines ..
Vending machines and candy are expensive! The biggest issue today is that businesses are using their own machines as well as the problem of the fact that most people don't have cash today!! Using cards lowers profit due to fee.
dont bro trust me start with candy/gumball machines. people dont take you seriously for the big ones. this is coming from someone that started in 6th grade
Most vending businesses go off a 50-30-20 rule 50 percent is product 30 for payroll and 20 for miscellaneous costs like gas with 40k a month that’s 480k a year making his payroll 144000 dollars a year
No it’s totally legit, 35k a month is like 420k in a year. So he makes more like 200k profit maybe a little less. That also means he makes about 8k per machine(if he had 50)
Im going to start off with the small machines first, then work my way up to the bigger one's. Ask around & atleast have 2-3 locations already line up. Im trying to stay debt free so I'd rather save & buy my first machine. I got to get my LCC first that's coming next week. I've liked & subscribed already!!!! Thanka!!! 😊
One thing he didn't mention with buying directly from Pepsi or Coke is they will give you free machines and they also provide maintenance free on those machines. So that can be a major profit saver if the cooling unit breaks down as thats not a cheap fix. Plus they deliver to you which can save alot of gas money and time going to and from sams every week to restock product.
If your cost of goods is $1,50 you can’t sell for $3,00. The profit margin is too small. Usually : -1/3 is acquisition cost -1/3 handling, labor -1/3 profit So you should sell for $4 to $4,50 on an item that cost you $1,50
13 years in the industry here. Just responding to the thumb nail. Didn't bother watching video. If you own your own machines you are basically on call 24/7 for repairs.
please take this as constructive criticism and not me bagging on you... talk less with your hands and body so people aren't distracted from the message you are giving.
Vending Bite is such a weird name to each its own but yah given the experience with this guy his so called classes are OVER priced and he doesn't even teach you its some other young guy that you don't even know that attempts to teach you and try's to up charge you for free knowledge for $500 and possibly more knowledge is free and everywhere LOL go it everyone. Other then that its good for him that he is making good money.
@@AustinZaback Couldn’t find an LLC for this business name in Texas. These numbers seem inflated or fake. Also he sales $990 course reminds me of the trucking guru. Also to scale a business this big with only 2 employees 3 days a week doesn’t seem possible.
He has a whole TH-cam channel that breaks down his whole vending business. He’s the real deal. Idk about his LLC info but he and his girlfriend grind hard. He just recently started selling a course because he said people would reach out for his help and he’d answer their questions but never follow through, only asking the same things over and over. So he decided to put a price on the assistance he gives because it weeds out the ones who wouldn’t take it seriously. Can you blame him for putting a product out there when he devotes time to help people and it all goes to waste?
yea sorry. dude doesn't look like he's raking in 420k a year. what did you do, count his bank loan disbursement as income and call it "make up to 35k a month?" lol
I have seen a lot of interviews on this subject. It's nice to get more personal behind the scene on how the business works for the person being interviewed.
Appreciate that! Thank you for watching
You did a REALY good job, I was suggested this video, I am currently working on some new software and as I am listening and watching-this interview is very good. It really reminds me of a show called California Gold. Your style is very simular, you ask a lot of questions, but you also focus on the people. Its the people that makes the business your interest and of course the human side. Again- you did a very good job. I will check to see what else you got. The number of (VALUABLE) questions, is emense but educational.
@@chrisford7351did he? Because title is misleading. Net vs. gross matters…
Thanks for sharing my journey! 🙌 video is amazing 🔥
Appreciate you bro! Thanks for letting us come out!
@jaimeibanezz what app were you using that you showed in the video? We're currently using VendSoft, but looking for more integrated alternatives. Please share!!
You're doing great. Tip with the chocolate....Get yourself a commercial freezer or two and freeze your chocolate over night. Take only what you need for the day and pack those individual boxes in a larger container. They will serve as their own ice packs and should last you most of the day.....if you start early enough and work fast enough. 😉
Also, Im impressed with your progress. I've come across your videos for a few years now and you've grown nicely. Keep it up. The warehouse looks great.
Hey man!! You need to upload you had a cool channel.
I’m very proud of this young man, fast forward to 2024 he is doing extremely well
Jamie is the freaking man! Been following him awhile and he’s inspiring!
He is the man! Incredible story, he’s gonna do big big things! Thanks for watching
@@AustinZaback yeah he definitely is and will! Of course, keep up the great content!
I always thought if I lose my job I’d wanna hit Jamie up and try to work for him cause I see him going places.
@@jimmyssnowremoval1075he’s definitely going places. He grinds
Jaime is a good man and he smart isee a vedio of him but he dosent answer my q for help that why I'm didn't keep see his chanil iknow maybe he is busy but iwas try many monthes maybe since one year... That also why iwell not complaint this vedio with all my respect
Respect for him. I remember doing the same exact thing in high school unfortanely I wasn’t aware about vending machines being a business 😂 Well Amazon FBA is the next best thing for me. Great interview man 🤝
Neither did I! He’s killing it and has so much drive/hunger for success. Thanks for watching!
@@AustinZaback $35k a month he's a millionaire now he's probably worth millions of dollars now
@@andrewmorales5485 that's gross sales so it's more like 15k a month in profit plus he has to pay taxes on that as well. Him and his wife are working together so they make around 90k each before taxes which is great for working for yourself, but they aren't millionaires yet. I'm sure if he keeps grinding, he will be one day.
Wow only 23 and is doing all this that’s amazing!!! ❤
Very impressive!!
What I've noticed is most vending TH-camrs don't talk about NET only Gross. The people I've interviewed in this space say their NET is around 50-65%.
i'd net 50-65% of 35k any day of the week. But thats just me.
He says he usually charges double on snacks. Sounds like way less on soda. Probably 35-60% profit.
He seems a stand up guy. Very informative and definately knows his business
its dope to see jaime doing good and great interview allowing him to complete his response without interrupting
This video is great! It has inspired me to make a vending machine business myself. Thank you so much Austin!
Appreciate You! Thanks for leaving this comment.. this is why we do it!
Fantastic video guys! Really great job with the production on this one. Wishing all parties much success. 🎉
🙏🏼 thank you!
I love the vending machine business
I have 3 locations working on my 4th
I started with a cheap Chinese brand (genesis) now I'm only buying AMS machines ..
🔥🔥
if I have the money for a new one should I just go for it incase it doesn't work out and I can jus sell it for almost a similar price
@@DreazyDrew22 Securing location first
Great in-depth video on vending! Nice interview with the top G Jaime
Thanks for watching 🙏🏼🙏🏼
Love the video. Great content. Keep working hard young man. I love seeing people like you with the right mindset💯💯
Thank you! 🙏🏼
Best business tour to date. So cool!
🙏🏼🙏🏼🙏🏼
So young yet so knowledgeable. This was good info.
Thank you for watching!
Very honest insight, thanks Jaime. Great interviewer 👏
Vending machines and candy are expensive! The biggest issue today is that businesses are using their own machines as well as the problem of the fact that most people don't have cash today!! Using cards lowers profit due to fee.
So I’m not even in middle school but I’m probably gonna use this info to start my own business
dont bro trust me start with candy/gumball machines. people dont take you seriously for the big ones. this is coming from someone that started in 6th grade
Most vending businesses go off a 50-30-20 rule 50 percent is product 30 for payroll and 20 for miscellaneous costs like gas with 40k a month that’s 480k a year making his payroll 144000 dollars a year
Where do you get your product . What distributor do you use
No you don't..... Another click bait
Seriously
If he has about 100 vending machines, all they need to do is make 350 a month… not that hard to believe.
No it’s totally legit, 35k a month is like 420k in a year. So he makes more like 200k profit maybe a little less. That also means he makes about 8k per machine(if he had 50)
@@CS_Vending I like how this guy is talking out of his arse like hes spitting facts
It depends on how many machines he has but I believe it’s a click bait too
Kind of a weird one but I’ve heard mushroom growing operations are low cost to start and profitable, might be interesting!
🤔 interesting
This is awesome content. This is inspiring me to start. I love business. Great video!
How does it work about paying for electricity? You give the establishment where you place the machines a certain amount every month?
Some places don’t even care having a machine helps flow with customers or keeping kids from running depends how you come at them
This was a great video! Thank you so much
Glad you enjoyed it!
super cool dude, you can see how passionate he is
💯💯
It's not too saturated, because there is not vending machines everywhere that is needed.
The head bobbing is just off the charts
Im going to start off with the small machines first, then work my way up to the bigger one's. Ask around & atleast have 2-3 locations already line up. Im trying to stay debt free so I'd rather save & buy my first machine. I got to get my LCC first that's coming next week. I've liked & subscribed already!!!! Thanka!!! 😊
You’re already going to fail 🤦♂️ stop worrying about LLCs that do nothing and just make money wtf
Enjoy the video i took alot of notes ❤
Appreciate you 🙏🏼
Great tip i started few months ago
Thanks for watching man. Wish you all the success
How is it going?
@@lcofficial3084 going good I got videos on the channel it’s going pretty good
Can you do a new video with Quik Play feat Eli and Cody?
Amazing recommendation! Would love to!
One thing he didn't mention with buying directly from Pepsi or Coke is they will give you free machines and they also provide maintenance free on those machines. So that can be a major profit saver if the cooling unit breaks down as thats not a cheap fix. Plus they deliver to you which can save alot of gas money and time going to and from sams every week to restock product.
I thought that was only for business owners with in person locations .
Mannn...I feel like we all hung out and I know you guys.
I love that. That’s the goal. Thanks for watching 🙏🏼
Congratz. I am happy for you. Wish you earn more
More like 15k after inventory and commission to the building.
I'll still take 15k a month. That's still 180k a year. Not bad at 23 years old.
@@koden530 then why not put 15k In the title? Because Obviously they want to exaggerate. Never said it was bad.
@@albertocampos4857if you read the description it says 35k in gross sales
And he has to pay taxes on his sales too which takes another big chunk
I started at $1,500
If your cost of goods is $1,50 you can’t sell for $3,00. The profit margin is too small.
Usually :
-1/3 is acquisition cost
-1/3 handling, labor
-1/3 profit
So you should sell for $4 to $4,50 on an item that cost you $1,50
Nobody’s gonna pay that much .
Which app do you use for restock?
Jamie really hasn’t posted on his own channel since this video came out.
True. He told me he’d been busy with the business etc but from what I know, he should have some videos up next month!
I figured.
Amazing magnificent vending/ real business
my only question about this is like contracts and permits,
He did mention that normally he doesn’t have contracts with his clients, he just Vets them very well
13 years in the industry here. Just responding to the thumb nail. Didn't bother watching video.
If you own your own machines you are basically on call 24/7 for repairs.
50 Maschines Respect! But that takes lots of work
💯
What’s the inventory track system called?
VMS
thanks for the education
🙏🏼🙏🏼
Can you give me the exact name of that software you use please?
Perrito the vending machine does not weight 3 tons…. 3 tons is 6000 pounds that’s like a a 2500 Silverado lol.
these prices are all cheaper. I start at $2 for candy and chips and $3 for soda
Interesting!
Do you think Vending is over saturated ?
Jamie since year vending machine drinking and snack
please take this as constructive criticism and not me bagging on you... talk less with your hands and body so people aren't distracted from the message you are giving.
Appreciate the feedback!
That coffee machine is so expensive you'll only start making a profit on the 2nd year renting it out continuously!
Do you do a lot of banking? That's a lot of cash money.
$4.50 for 600ml soda in Australia
How many machines he has?
over 50!
Vending Bite is such a weird name to each its own but yah given the experience with this guy his so called classes are OVER priced and he doesn't even teach you its some other young guy that you don't even know that attempts to teach you and try's to up charge you for free knowledge for $500 and possibly more knowledge is free and everywhere LOL go it everyone. Other then that its good for him that he is making good money.
Costco?
What app is he talking about @10:39, I can't find it
He said VMS, for vending management system. It is a general name for a type of software package, not a name brand.
Does he hire people to manage all 50 of his vending machines or does he go to each one himself and collect all the money
He manages everything with his girlfriend
Goddamn this kid's got the midas touch!
How do you find out the location allow to put the vending machine?
Great Question! You can have a conversation with the owner/management of the location and explain the value you’ll be bringing to their business.
He said I’m here with my good friend and didn’t even pronounce his name right all you’d have to do is ask him hey how do you pronounce your name
He is good with both pronounciations. Thanks for watching!
Jaime hasn't been posting in a while.
$35,000/50 unit/ months = $700/ unit/ months
Gross. After rent $200, labor, transport, etc
Is that worth???
50 unit ? 🤔
I cannot have Coke in stock too much foot traffic
43:42
🔥
🙏🏼🙏🏼
What does he say the name of the inventory app is?
I don’t know why he said what he said. It’s called Stock by Parlevel
or VendSoft i thought? @@malekkmeid9263
It's called VMS
He said Jayme
He told me to call him Jamie
smart guy
We have the ice cream 🍨
ANOTHA One!
🔥🔥
🔥🔥🔥
Thanks for watching 🙏🏼
he makes his girl do all the work ...
And you think he does nothing?
Doctor pepper medicine
What i need so can get vending machine in texas state
Will it work in INDIA from ur aspect??
Hate us money, think you change it to plastic.
TH-cam needs to start banning these cap channels PLEASE
No cap!
@@AustinZaback Couldn’t find an LLC for this business name in Texas. These numbers seem inflated or fake. Also he sales $990 course reminds me of the trucking guru. Also to scale a business this big with only 2 employees 3 days a week doesn’t seem possible.
He has a whole TH-cam channel that breaks down his whole vending business. He’s the real deal. Idk about his LLC info but he and his girlfriend grind hard. He just recently started selling a course because he said people would reach out for his help and he’d answer their questions but never follow through, only asking the same things over and over. So he decided to put a price on the assistance he gives because it weeds out the ones who wouldn’t take it seriously. Can you blame him for putting a product out there when he devotes time to help people and it all goes to waste?
@@AustinZabackcan’t blame him
yea sorry. dude doesn't look like he's raking in 420k a year. what did you do, count his bank loan disbursement as income and call it "make up to 35k a month?" lol
Gross income is 35K a month. Check out his TH-cam channel
I think 1 makes 2k😊
❤🖒
Yo need borrow 40 million
Grrr☝️...8ness
He's smiling because "his good friend's name" is JAIME...Pronounced "high-may" 🤦🤦😂
I’m aware and he goes by jaime too.
How do you market your product…..
35 K/month....how many machines ?
They say it multiple times, 50 btw
Respect 🫡 i think about starting this business