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Speaker 2: All right, So now we go to get into some details.

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Speaker 2: So all right, So for vending machines, right, first question

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Speaker 2: is how much does the vending machine costs?

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Speaker 3: So it could range.

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Speaker 4: So I mean the cheapest you're going to find it

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Speaker 4: is always going to be somewhere run one thousand dollars

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Speaker 4: if you're using a used machine versus if you're coming

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Speaker 4: in with something new.

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Speaker 3: You're looking at about five grand five grand for.

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Speaker 4: A brand new one brand like brand new, team in

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Speaker 4: the top of the line.

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Speaker 5: Type of thing, new or used. I didn't even know

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Speaker 5: that there were new use machines. How where do we

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Speaker 5: even get this?

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Speaker 3: Like?

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Speaker 6: Where am I finding a new machine? Where do I go?

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Speaker 4: So, I mean new machines you could get from like

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Speaker 4: the man the manufacturers actually making like coke, PEPSI like

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Speaker 4: those type of places you can buy and trade from them.

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Speaker 5: Those are where the new machines come from. And we're

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Speaker 5: talking about actual what I mean, there's different types. We're

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Speaker 5: talking about food vending machines.

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Speaker 4: So we're talking about soda snacks. They do have food,

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Speaker 4: they have ice cream machines. There's a lot of different

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Speaker 4: different types. So if you're talking about used machines, which

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Speaker 4: is you know, I use use machines, and that's what

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Speaker 4: I recommend everybody else use, mainly because it's easier to

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Speaker 4: maintain and it's a lot more affordable.

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Speaker 3: Like the price is nowhere close to you know, five

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Speaker 3: thousand dollars.

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Speaker 4: You can get a used machine for around nine hundred,

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Speaker 4: which is what my first machine was. And you can

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Speaker 4: find those on places such as like crackslists offer up Amazon,

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Speaker 4: let go, it might be a little more Amazon. And

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Speaker 4: then the only reason I wouldn't I would say not

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Speaker 4: to get it off like a platform where it's like online,

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Speaker 4: because I would recommend you checking the machine out first.

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Speaker 3: You don't want to get it and get it in, get.

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Speaker 4: It where you don't put it, and then it's not

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Speaker 4: working right, and then you have to ship it back

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Speaker 4: like that's a that's a long process.

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Speaker 2: You said, let go, Yeah, what's what's that? So it's

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Speaker 2: an app? It's a app.

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Speaker 4: Yeah, so let go offer a Facebook market. But it

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Speaker 4: just depends that. And another thing is it matters is

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Speaker 4: how are you how are you trying to scale this?

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Speaker 4: Do you wanted this to be on some side hustle

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Speaker 4: passive income stuff or do you want to grow it

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Speaker 4: into like a full time business, Because if you're just

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Speaker 4: doing it as a side hustle just turned maxtual Baldom assign,

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Speaker 4: you know, using those resources such as like you know

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Speaker 4: Cress is fine, but if you really want to do

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Speaker 4: it like for a time, you want to find like

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Speaker 4: what I what I call vending warehouses. So a vending

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Speaker 4: warehouse is just a vending company that is large enough

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Speaker 4: to sell you vending machines. So that's kind of how

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Speaker 4: we make our money. On the back end, I might

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Speaker 4: have some machines setting around and then our cellos to

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Speaker 4: anybody who's looking to buy it.

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Speaker 2: Where do you find vending warehouses?

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Speaker 3: So you would have to.

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Speaker 4: Google vending machine companies in your area and then contact

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Speaker 4: them and see if they say.

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Speaker 2: It's all like regional. It's all regional.

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Speaker 5: Yeah, after I order it, I'm thinking to myself, right

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Speaker 5: now I'm ordering machine. Uh, probably need the location first, right,

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Speaker 5: because they're going to send that to your house, right,

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Speaker 5: So do they send it to What happens after.

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Speaker 6: I order it?

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Speaker 4: So you could you could pick it the machine up

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Speaker 4: first for our I recommend to people always always always

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Speaker 4: get the machine after you have the location, for multiple reasons.

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Speaker 4: Because if you go out and you get excited, Okay,

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Speaker 4: I'm going to vending thing. I see a cheap soda machine.

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Speaker 4: This is a great deal.

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Speaker 6: You buy it.

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Speaker 4: Maybe you got it in your garage or something like that.

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Speaker 4: You don't know what type of location you're gonna get first.

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Speaker 4: So that means you don't know what that location is

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Speaker 4: going to need. Maybe they already got a sort of machine, maybe.

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Speaker 3: They need a slack machine. Maybe it won't fit right.

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Speaker 4: And then that's another thing. You don't know what the

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Speaker 4: measurements are for the space they have to put the machine.

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Speaker 4: So it could be the machine you make you could

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Speaker 4: have maybe too big, maybe it's too big to fit

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Speaker 4: through the doorway. Maybe it's too big for the space

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Speaker 4: that they actually want the machine. So it's always best

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Speaker 4: to wait until you get that location you know, on paper,

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Speaker 4: and then you go out and get your machine. But

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Speaker 4: on the flip side, you also want to know your

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Speaker 4: resources first, Like you want to know where you're getting

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Speaker 4: that machine from prior to you know, finding your location.

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Speaker 2: So like what what's some typical are they like typical

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Speaker 2: profit margins? Like how much money can should a person

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Speaker 2: expect to make off of like one machine?

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Speaker 4: So an average a good a good location, Well you'll

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Speaker 4: see around five hundred dollars for the foot per machine. Right,

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Speaker 4: most locations have two machines, you know what I'm saying,

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Speaker 4: unless it's like a combo if most of the time,

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Speaker 4: if you'll find a combo machine, it's in a smaller

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Speaker 4: in a smaller space because they can't fit two machines,

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Speaker 4: or it's because maybe it's a slower that has slower traffic,

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Speaker 4: lower traffic, and you don't want to put two machines

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Speaker 4: in there, you know that type of situation. So like

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Speaker 4: a thousand dollars, if you have two machines and one location, yeah,

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Speaker 4: that's about that's right.

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Speaker 5: When you have to find locations, you obviously looked at

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Speaker 5: your life. You said, look, I played ball here, I'm

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Speaker 5: gonna put one here. That's my high school, that's my barbershop.

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Speaker 5: What does the average person have to do in terms

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Speaker 5: of finding locations?

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Speaker 4: So step one now, now to be honest with y'all,

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Speaker 4: Like I had experience in like different marketing before beforehand,

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Speaker 4: so I was already kind of seasoned season with UH

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Speaker 4: networking and more and reaching people and calling all that

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Speaker 4: type of stuff. The wholesaling I did do whole something,

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Speaker 4: So yeah, so I use those same type of tactics

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Speaker 4: to find locations, because it was I learned a lot

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Speaker 4: from actually going out and trying to find properties, you

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Speaker 4: know what I'm saying when I was doing the whole

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Speaker 4: selling thing.

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Speaker 3: So the first thing I did was network.

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Speaker 4: So I reached out to everybody around me, all my friends,

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Speaker 4: all my family members, let them know what I was doing.

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Speaker 4: And this through doing that, it led me to having

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Speaker 4: like my first few locations, you know what I'm saying.

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Speaker 4: So that's how I ended up getting a school I

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Speaker 4: do this name, which is my prior high school. I

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Speaker 4: talked to them, you know, they let me place a

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Speaker 4: vending machine in there, and it led me to you know,

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Speaker 4: getting a few other spots.

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Speaker 2: You know, I'm just thinking about it. A lot of

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Speaker 2: places that yeah they have two vending machines, like a

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Speaker 2: community center, a school. Yeah, you have two vending machines. Thought,

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Speaker 2: I never thought about that before. I mean, or trying

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Speaker 2: to cut you off. You can have two vending machines

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Speaker 2: right next to each other, Like one is sodas and drinks,

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Speaker 2: the other one is candies and chips and stuff.

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Speaker 3: Yeah, they always like right next.

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Speaker 2: To me, right next to each other. So that's not

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Speaker 2: bad if you think about it, Like a thousand dollars,

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Speaker 2: that's it's like you could be getting rental income easy,

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Speaker 2: but it's a lot less overhead as far as buying

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Speaker 2: a home.

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Speaker 6: Yeah, So that was what I was gonna say two things.

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Speaker 5: Well, first, when these big corporations, like if I see

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Speaker 5: a Coca Cola machine, right, that's a vendor machine. Can

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Speaker 5: I purchase that from it? Or is the corporation putting

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Speaker 5: that in that location? Because you could have two vendom

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Speaker 5: machines and then they have all coke products? Can you

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Speaker 5: purchase that?

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Speaker 3: Can you purchase it from from like Coca Cola?

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Speaker 6: Is that like a thing? Can you get a vendom

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Speaker 6: machine from a corporation.

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Speaker 4: You're talking about as far as have if the machine

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Speaker 4: is placed somewhere or if there is manufacturing the machines.

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Speaker 5: Well, so I'm thinking in terms of I have my

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Speaker 5: vendom machine, you right, I have two of them there,

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Speaker 5: and then there's like a coke machine those coke products.

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Speaker 6: Is that something like the average person can purchase or

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Speaker 6: is just straight from the corporation?

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Speaker 4: So so all right, so Coke does Coke actually places

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Speaker 4: machines themselves. So but what they'll do is they don't

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Speaker 4: they actually just will place the machine, right, But the

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Speaker 4: thing is the person they would have to like charge

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Speaker 4: a certain amount the products, so the products. Once you

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Speaker 4: buy a certain amount of products from from Coke, they'll

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Speaker 4: play they get you, they get a place of vending

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Speaker 4: machine for free, so and then they'll service it or whatever.

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Speaker 7: Like.

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Speaker 4: So if you're talking about like if that machine is there,

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Speaker 4: most more than likely your machine won't be there because

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Speaker 4: they'll have some type of contract with Coca Cola and

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Speaker 4: they're not gonna let nobody else in there.

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Speaker 2: So as far as location, because I know you said

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Speaker 2: that you had a couple of different keys, foot traffic, isolation,

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Speaker 2: waiting rooms, so all of these different things. But before

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Speaker 2: you even get to that, how do you approach somebody

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Speaker 2: to put a vending machine in their place?

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Speaker 5: Like?

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Speaker 2: All right, so you you see a school, like, what's

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Speaker 2: the process to say, Hey, can I put a vendo

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Speaker 2: machine here? I talked to the principle, Yeah, how does

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Speaker 2: that work?

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Speaker 3: So that's that's a good question.

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Speaker 4: Man. That's a lot of questions everybody asks us. But

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Speaker 4: at all I really do is I'll approach whoever the

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Speaker 4: receptionist is that that first point of contact, and I'll

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Speaker 4: ask them who I need to speak to to place

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Speaker 4: a machine here. So it's usually the person that everybody

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Speaker 4: usually has a person who's in charge of doing business.

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Speaker 4: So the high school as a you know, a business manager,

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Speaker 4: I had to talk to them. So if you're if

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Speaker 4: I'm going into a motel or something, most of the

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Speaker 4: time they have a business managers, you talk to them.

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Speaker 4: So it's just about asking that first point of contact.

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Speaker 4: Get you know, obviously if you can find a manager

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Speaker 4: or something like that, reach you, you could reach and

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Speaker 4: but then ask that person, who's the person who's that

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Speaker 4: I have to talk to?

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Speaker 3: That actually makes the decision.

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Speaker 5: So once you get in the high school, you get

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Speaker 5: into the recreation center, is there a fee that you

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Speaker 5: have to pay for being there or it is just

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Speaker 5: part of the profit margin you have to give to

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Speaker 5: the places?

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Speaker 6: Like how's that work?

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Speaker 4: So it's all about from my experience, it's all about

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Speaker 4: how you get that how you get that spot. So

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Speaker 4: if you have you have different resources you're using to

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Speaker 4: get locations. Right, If one thing that you could do

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Speaker 4: is you out, you go out yourself and you actually

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Speaker 4: look for locations, like you know, when we talk about

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Speaker 4: the whole other thing, it's called like driving for dollars,

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Speaker 4: Like you're he of that term, right, So that's a

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Speaker 4: method you go out driving around. I actually found the

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Speaker 4: laundrymat the other day just driving around. I wasn't even

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Speaker 4: looking for it, but I just happened to see it,

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Speaker 4: and actually I'll put it on Instagram. So I put

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Speaker 4: it on a live just to show people like this

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Speaker 4: is like, you know, how easy it is to find

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Speaker 4: something and if you're paying attention to what's around you.

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Speaker 4: So that's one method. And another method is like cold calling,

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Speaker 4: which is you just make a list of multiple places

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Speaker 4: and that that may be suitable for a vending machine

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Speaker 4: in your area that you're looking at place one like

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Speaker 4: using zip codes or whatever, and you know, and you

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Speaker 4: just call them if you're doing that method. Most of

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Speaker 4: the time I found when you found it like a

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Speaker 4: location like that, they ask for a commission because you're

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Speaker 4: asking to come into their space and do business like

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Speaker 4: you're asking for something from them right now. On the

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Speaker 4: flip side, you get a website right the top, the

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Speaker 4: most the top that the most common thing people do

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Speaker 4: is when they're looking for vending services. If you know,

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Speaker 4: you're just opened up your store, your business or whatever

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Speaker 4: it may be, it's Google, so they go right to

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Speaker 4: Google vendom Machine service and Philadelphia my joone is like

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Speaker 4: one of the top ones on there. So you click

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Speaker 4: on that, they they call you, They contact you, and

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Speaker 4: then they're going to ask you to place a vending

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Speaker 4: machine in their place of business. So most not in

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Speaker 4: that scenario. Most of the time they don't ask you

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Speaker 4: for a commission because they just want your service. They

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Speaker 4: want your service for their customers or for their employees

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Speaker 4: off for whatever reason.

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Speaker 3: It's just like, yoah, we just want your service. We're

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Speaker 3: not worried about commission.

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Speaker 2: So if you approach them, you got to pay them

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Speaker 2: most of the time. If they approach you, you don't

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Speaker 2: have to.

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Speaker 3: Pay most of the time most of the time. That's

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Speaker 3: how that goes.

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Speaker 4: That also depends on what type of place it is,

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Speaker 4: you know, because if you're dealing with like recreation centers

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Speaker 4: and schools, a lot of times those those facilities are

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Speaker 4: are like the prob the funds already, so they always

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Speaker 4: looking for different ways to supplement, you know, some income.

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Speaker 3: So they're going to bring that up.

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Speaker 2: So what kind of commission is fair? Like if somebody

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Speaker 2: I'll let you they had but heres, you gotta give

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Speaker 2: me twenty percent temper, Like, what's a fair amount that

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Speaker 2: a fear amount.

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Speaker 3: Really depends on the traffic and that location.

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Speaker 4: But you typically it's around ten percent, Yeah, ten percent

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Speaker 4: is like it's like a fear amount most of the

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Speaker 4: time if it's a good location.

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Speaker 6: So you you sit down, you say that we can

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Speaker 6: have the vending machine here. What we do next? Are

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Speaker 6: we jowing up a contract?

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Speaker 2: Right?

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Speaker 4: So at the point where they give me the person

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Speaker 4: of contact and they said they're interested and they I'll

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Speaker 4: schedule a meeting with them, so we're sit down like

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Speaker 4: we're talking. Now, I'll have a proposal, which is something

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Speaker 4: I came up with this from doing the meetings, and

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Speaker 4: it's all the information is in the proposal, which just

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Speaker 4: cuts down the meeting time.

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Speaker 3: So you know, in there is this about your business,

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Speaker 3: a little bit about yourself.

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Speaker 4: You want to put the products that you use, what

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Speaker 4: makes you different than other companies, your price points for

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Speaker 4: your products. Just present all that to them and then

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Speaker 4: you know, if they like that, then I also have

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Speaker 4: the contract there, so and if they're good with the contract,

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Speaker 4: you know we signed it right there. Do the deal

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Speaker 4: right there. Now, Sometimes it doesn't go that way. Sometimes

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Speaker 4: they might want certain contingencies or whatever in the contract.

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Speaker 4: So if they want that and you you asked, you

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Speaker 4: have you know, obviously you have to go back and

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Speaker 4: draw up a new contract. And get them to sign

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Speaker 4: that one.

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Speaker 5: Yeah, I'm thinking of like the school, right, so I'm

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Speaker 5: thinking like one of the contendencies they may have is

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Speaker 5: like you can't certain a certain amount of sugar.

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Speaker 4: Yeah exactly, its certain certain products. And then it's like

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Speaker 4: some people will want your actual service hours in there,

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Speaker 4: or they'll want like if basically like if if something

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Speaker 4: goes wrong, you have to repair it by all this

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Speaker 4: amount of time type of thing like, so that stuff

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Speaker 4: is usually people usually tweak, but for the most part,

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Speaker 4: they did go about what's on the paper.

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Speaker 2: So okay, So as far as let's go back to location.

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Speaker 2: So like you said, you said foot traffic, accessibility, isolation,

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Speaker 2: and waiting rooms, those are like your four golden rules, right, oh, the.

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Speaker 4: One second toe. And then for the commission that I

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Speaker 4: never bring up commission. So never never sit down with

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Speaker 4: a location and say, all right, well this is the

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Speaker 4: out that we're paying commission. If they don't mention it,

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Speaker 4: oh yeah, no, no, no. Some people think that that's

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Speaker 4: like the pitching like point is like we can pay

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Speaker 4: you this much in commission, don't mention.

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Speaker 2: That, because it's not that that's a good that's a

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Speaker 2: good point because you might automatically assume that you have

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Speaker 2: to pay because you're you're in their space. But like

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Speaker 2: you said, it's kind of like an attraction where it's like,

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Speaker 2: like my son goes to camp. Every time I pick

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Speaker 2: him out, he's like, can you give me something on

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Speaker 2: the vending machine. So it's like, you know what I'm saying,

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Speaker 2: It's like the vending machine is actually helping in that

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Speaker 2: situation because it's like people something you might just walk

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Speaker 2: into a space just to use the vending machine.

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Speaker 5: Right, So that I'm now I'm thinking about from the

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Speaker 5: business standpoint, Having a school during the year is great.

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Speaker 3: Having a recreation center during the summer gold month all

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Speaker 3: kids want, well, no recreations.

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Speaker 4: Recreation centers doing the school year are good too because

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Speaker 4: they have different programs and they have basketball games and stuff.

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Speaker 2: Yeah. So all right, so location, location, location is the

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Speaker 2: most important thing in real estate period. And I guess

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Speaker 2: it's no different from vending machine either. Right, you got

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Speaker 2: the best vending You could be giving away gold bars

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Speaker 2: if it's in the desert, didn't matter. So how do

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Speaker 2: you know what's a good look? I mean, obviously, well

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Speaker 2: I ala say, obviously, how do you know what's a

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Speaker 2: good location or not.

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Speaker 4: So I mean from what you just basically what you

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Speaker 4: just mentioned, but I picked them up as time went on,

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Speaker 4: just noticing different things. So when I'm walking into a location,

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Speaker 4: I go with a checklist. I don't really use it

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Speaker 4: anymore because I kind of like know now, but it's

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Speaker 4: best to have a checklist and use this.

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Speaker 3: And this is what you want to look for.

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Speaker 4: So you want to look for when you pull up

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Speaker 4: to the space, is it any stores around that building?

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Speaker 4: So when I say isolation, that that's what I'm talking about.

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Speaker 4: So I'll take a lap of two laps around. See

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Speaker 4: I'm looking for corner stores. I'm looking at this for

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Speaker 4: other places.

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Speaker 3: To eat, all right.

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Speaker 4: So if if I don't see no other places to eat,

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Speaker 4: I'm like, okay, so that's that's a good sign.

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Speaker 2: Right.

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Speaker 4: And then when I walk in the door, I'm looking

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Speaker 4: in terms of moving I'm looking for steps and all

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Speaker 4: that type of stuff because you have to move the

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Speaker 4: machine in there. When it terms of what makes it

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Speaker 4: a good location, I'm I'm looking to see where the

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Speaker 4: machine will be placed, all right. So I'm like, all right, well,

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Speaker 4: is it placed somewhere where it's visible and people could

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Speaker 4: see it? Because I had one situation where I had

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Speaker 4: a it was a hotel, wanted me to put a

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Speaker 4: machine in there, but they wanted a machine like in

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Speaker 4: the in the back way in the back where nobody

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Speaker 4: would see it. And on the flip side, it had

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Speaker 4: a gas station right next door. So when I was watching,

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Speaker 4: I'm watching people come in and they just making the

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Speaker 4: left turn right out or right to the gas station.

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Speaker 3: I'm like, the gas station is the place now that

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Speaker 3: they're gonna get.

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Speaker 4: They see the gas station because it's right because it

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Speaker 4: was a big glass you know door obviously, and it's

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Speaker 4: right there. Versus if that machine was placing in the lobby,

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Speaker 4: they just would have used the machine. Then nobody wants

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Speaker 4: to walk all to me over there if you ain't

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Speaker 4: got too only in the next show, right, So so

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Speaker 4: you know that's that's real iportant. It's important is is

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Speaker 4: it being visible and it being accessible to everyone? So

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Speaker 4: if everybody can use it, if it's visible, that that's

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Speaker 4: a good sign. Another thing I'm looking for is hours

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Speaker 4: of operation. So how long is this place open? Like

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Speaker 4: you said night shift? Some places open twenty four hours, right,

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Speaker 4: That gives you more selves versus it only being open

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Speaker 4: for nine to five, Like, so that's another that's another

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Speaker 4: cafeteria clothes now.

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Speaker 3: Right, So.

403
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Speaker 4: And then probably the last thing I'm looking for is

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00:17:27,119 --> 00:17:29,200
Speaker 4: foot traffic, right, which is one of this is the

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Speaker 4: most important thing.

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Speaker 3: You want to see.

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Speaker 4: How many employees they got, how many people are visiting

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Speaker 4: this place, how many people are in and out coming

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Speaker 4: past this machine.

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Speaker 5: Yeah, one of the things you said, And as you

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Speaker 5: said it, I was like, wow, that's brilliant. Places that

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Speaker 5: have ideal time where people are just waiting. So I

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Speaker 5: would say that hospital, But when you just said laundry, Matt,

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Speaker 5: I'm thinking like, oh my gosh, yeah, like people are

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Speaker 5: sitting in there all day watching machines.

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Speaker 2: Though, No, laundry mats are big. Schools are big. Recreation

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Speaker 2: centers are big. Hospital is a.

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Speaker 3: Big, huge, and that's the number one.

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Speaker 2: Office buildings are big. Dorms dorms, college dorms. College dorms

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Speaker 2: are big. Yeah, yeah yeah.

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Speaker 3: And give give an example is Temple. We have a

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Speaker 3: Temple dorm.

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Speaker 4: God was doing business with that location that was around

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Speaker 4: thirty five hundred a month.

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Speaker 2: How many machine how many machines?

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Speaker 6: Who machines?

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Speaker 2: You know what I mean?

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Speaker 6: Cosge kids don't have a lot of money and they

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Speaker 6: don't have the transportation. So if you put the vend machine.

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Speaker 2: And that's that's you, that's your machines.

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Speaker 3: This these to those two are mind it's the guy. Actually,

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Speaker 3: I know we were talking a little camera.

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Speaker 4: So another guy, one of my first my first mentee,

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Speaker 4: I helped him find a spot and that was the

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Speaker 4: spot that we got.

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Speaker 2: Yeah, thirty five hundred. That's that's the bread.

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Speaker 4: Two machines to two machines, thirty five and then on

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Speaker 4: top of that, since that building is to build the

439
00:18:49,240 --> 00:18:51,040
Speaker 4: way built, it could be more machines placed in there.

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Speaker 3: And you said, there's a difference in what I mean.

441
00:18:53,320 --> 00:18:55,320
Speaker 5: The older machines don't have something that's very important that

442
00:18:55,359 --> 00:18:58,119
Speaker 5: you said, and that's the card readers, right, because now

443
00:18:58,200 --> 00:18:59,720
Speaker 5: a lot of people don't have cash, but they do

444
00:18:59,840 --> 00:19:00,760
Speaker 5: have cars to use.

445
00:19:01,000 --> 00:19:03,480
Speaker 4: So what we do is we'll take the older machines

446
00:19:03,640 --> 00:19:06,960
Speaker 4: and add upgrades. So we might change the door. We

447
00:19:07,119 --> 00:19:10,000
Speaker 4: might use what we call like the lead lighting, so

448
00:19:10,160 --> 00:19:11,879
Speaker 4: you know the little light strips. Put that in the

449
00:19:11,960 --> 00:19:13,840
Speaker 4: door makes it a little brighter. Yeah, and we can

450
00:19:13,920 --> 00:19:15,639
Speaker 4: add to car readers, but we would just have to

451
00:19:15,720 --> 00:19:18,240
Speaker 4: change what's in there. It's called the circuit board. Okay,

452
00:19:18,600 --> 00:19:22,600
Speaker 4: expensive circuit board cross about two hundred dollars. Car readers

453
00:19:22,600 --> 00:19:25,040
Speaker 4: are about four hundred, so you're looking at to use

454
00:19:25,119 --> 00:19:27,840
Speaker 4: that as about additional six hundred dollars. But on the

455
00:19:27,880 --> 00:19:31,840
Speaker 4: flip side, those usually increase yourselves by at least thirty

456
00:19:31,920 --> 00:19:34,879
Speaker 4: forty percent, Like, so you know it's worth for actually

457
00:19:34,920 --> 00:19:37,040
Speaker 4: getting those on there if you know you planning on

458
00:19:37,119 --> 00:19:38,560
Speaker 4: doing it on a serious note.

459
00:19:39,040 --> 00:19:43,879
Speaker 2: So, okay, so as far as installation, right, how do

460
00:19:43,960 --> 00:19:46,280
Speaker 2: you know which products to put? So you're just buying

461
00:19:46,440 --> 00:19:49,000
Speaker 2: a machine, and you can put anything in the machine, correct,

462
00:19:49,119 --> 00:19:52,680
Speaker 2: anything you want? How do you know which products do

463
00:19:52,760 --> 00:19:52,960
Speaker 2: you do?

464
00:19:53,160 --> 00:19:53,200
Speaker 5: Like?

465
00:19:53,400 --> 00:19:56,560
Speaker 2: Okay, I like three those? So like how do you

466
00:19:57,080 --> 00:19:59,080
Speaker 2: how do you know like which is a good product?

467
00:19:59,280 --> 00:20:02,840
Speaker 4: Way, that's as asking the question, because all right, So

468
00:20:02,960 --> 00:20:04,960
Speaker 4: my first location that I got when I when I

469
00:20:04,960 --> 00:20:07,280
Speaker 4: said it was only doing only a few a few

470
00:20:07,320 --> 00:20:09,440
Speaker 4: dollars or whatever I was putting in there when I like,

471
00:20:10,480 --> 00:20:14,000
Speaker 4: so I had what I like, I'm walking through Sam's

472
00:20:14,000 --> 00:20:16,680
Speaker 4: cub like okay, this is good, this is good.

473
00:20:16,960 --> 00:20:18,520
Speaker 3: But after a while it was like, no, you you

474
00:20:18,640 --> 00:20:20,240
Speaker 3: have to put in what they want.

475
00:20:20,680 --> 00:20:22,480
Speaker 4: So what I like to do is in my first

476
00:20:22,800 --> 00:20:24,440
Speaker 4: if it's an office building or something like that, I'll

477
00:20:24,520 --> 00:20:27,880
Speaker 4: use a newsletter and outside the newsletter introducing my services,

478
00:20:28,000 --> 00:20:29,840
Speaker 4: and I'll give them an opportunity to put to tell

479
00:20:29,880 --> 00:20:32,640
Speaker 4: me what they want in the machine. That's like step one.

480
00:20:33,240 --> 00:20:36,520
Speaker 4: Other than that, it really comes down to demographics like this,

481
00:20:37,920 --> 00:20:41,960
Speaker 4: certain certain demographics certain to go avocado closing. The certain

482
00:20:42,000 --> 00:20:45,080
Speaker 4: groups of people like like like certain things. So from

483
00:20:45,119 --> 00:20:47,320
Speaker 4: my experience, I know if I'm dealing with a mostly

484
00:20:47,520 --> 00:20:50,480
Speaker 4: like Carcasian group, they tend to like more of like

485
00:20:50,560 --> 00:20:55,280
Speaker 4: the plane chips and like for like it for the

486
00:20:55,320 --> 00:20:58,280
Speaker 4: Plaine tips, where though if it might be more like,

487
00:20:58,400 --> 00:21:03,480
Speaker 4: you know, the flavorful barbecue type. Yeah, man, it just depends.

488
00:21:03,520 --> 00:21:05,479
Speaker 3: It depends what you're at.

489
00:21:05,520 --> 00:21:07,600
Speaker 4: But it's it's definitely dust to always let the people

490
00:21:07,680 --> 00:21:09,800
Speaker 4: tell you what they want and the inventory you're actually

491
00:21:09,880 --> 00:21:10,440
Speaker 4: going to get.

492
00:21:10,680 --> 00:21:14,879
Speaker 3: Right, So, like you will go into these warehouses market.

493
00:21:14,680 --> 00:21:15,000
Speaker 2: I go to.

494
00:21:15,080 --> 00:21:16,840
Speaker 4: I go to Sam's Club, so I go to most

495
00:21:17,000 --> 00:21:20,119
Speaker 4: mostly shop at Sam's Club, but I do have a

496
00:21:20,200 --> 00:21:22,000
Speaker 4: warehouse that I go to to get products. Now, the

497
00:21:22,040 --> 00:21:24,520
Speaker 4: thing with Sam's Club is it's good if you're just

498
00:21:24,600 --> 00:21:27,119
Speaker 4: doing it like small scale, but if you're buying like

499
00:21:27,240 --> 00:21:30,480
Speaker 4: variety boxes and chips and whatnot. They're going to put

500
00:21:30,560 --> 00:21:32,199
Speaker 4: a few, they're going to put the good tips in there.

501
00:21:32,240 --> 00:21:35,040
Speaker 4: Then they're going to put like a they always do

502
00:21:35,200 --> 00:21:37,920
Speaker 4: that selection and that right, and that's the way that's

503
00:21:37,960 --> 00:21:39,639
Speaker 4: not going to sell. So when you're doing that on

504
00:21:39,680 --> 00:21:41,639
Speaker 4: a larger scale, you have to keep buying those boxes

505
00:21:41,640 --> 00:21:44,040
Speaker 4: and boxes. It's like, well, that's not that's that's losing

506
00:21:44,119 --> 00:21:46,320
Speaker 4: making me lose money. So when you get to a

507
00:21:46,400 --> 00:21:48,399
Speaker 4: certain point, you could just cut that out and then

508
00:21:48,600 --> 00:21:50,320
Speaker 4: if you go find a source.

509
00:21:50,400 --> 00:21:51,359
Speaker 3: You have to find a source.

510
00:21:51,600 --> 00:21:54,040
Speaker 4: You could just get the straight fire products, but if

511
00:21:54,080 --> 00:21:56,440
Speaker 4: you have to buy in a larger quantity, So that

512
00:21:56,600 --> 00:21:59,920
Speaker 4: box of Sam's Club comes in a box of thirty

513
00:22:00,240 --> 00:22:02,520
Speaker 4: most of the time, whereas though if I buy that

514
00:22:02,680 --> 00:22:05,080
Speaker 4: in the larger quantity, I got about sixty four boxes,

515
00:22:05,160 --> 00:22:08,040
Speaker 4: sixty four all one selection, which is going to cost

516
00:22:08,080 --> 00:22:10,840
Speaker 4: you more money because now you have to put that

517
00:22:11,040 --> 00:22:13,320
Speaker 4: that that variety box on it's gonna take about four

518
00:22:13,400 --> 00:22:15,720
Speaker 4: or five roads because it's different chips in there versus

519
00:22:15,840 --> 00:22:17,879
Speaker 4: it just being one whole box and one product that's

520
00:22:17,920 --> 00:22:19,600
Speaker 4: only one rower a product.

521
00:22:19,880 --> 00:22:24,199
Speaker 3: How often are you changing the machines weekly, weekly, weekly.

522
00:22:24,800 --> 00:22:26,840
Speaker 4: Yeah, so if I mean, if you're doing it more

523
00:22:26,880 --> 00:22:29,480
Speaker 4: than more than once a week, you probably need a

524
00:22:29,520 --> 00:22:31,920
Speaker 4: bigger machine. If you're if you're not doing it once

525
00:22:31,960 --> 00:22:33,480
Speaker 4: a week, you probably need a smaller machine.

526
00:22:34,200 --> 00:22:38,119
Speaker 2: And like, so, how do you know what to charge?

527
00:22:38,160 --> 00:22:40,280
Speaker 2: Because you can charge anything. I just found that out.

528
00:22:40,359 --> 00:22:41,679
Speaker 2: You can chuch anything on the prices.

529
00:22:41,880 --> 00:22:44,119
Speaker 4: Yeah, you set you set all your own prices. And

530
00:22:44,320 --> 00:22:46,680
Speaker 4: once again, it just comes down to demographics. It comes

531
00:22:46,720 --> 00:22:48,879
Speaker 4: down to the region, the area you you actually you

532
00:22:48,960 --> 00:22:50,000
Speaker 4: know working in I.

533
00:22:50,080 --> 00:22:52,080
Speaker 3: Know, earners. What's up?

534
00:22:52,200 --> 00:22:54,639
Speaker 5: You ever walk into a small business and everything just

535
00:22:54,880 --> 00:22:57,959
Speaker 5: works like the checkout is fast or seats of digital

536
00:22:58,560 --> 00:23:01,520
Speaker 5: tipping is a breeze and you're out the door before

537
00:23:01,560 --> 00:23:05,680
Speaker 5: the line even builds. Odds are they're using Square? We

538
00:23:05,880 --> 00:23:08,359
Speaker 5: love supporting businesses that run on Square because it just

539
00:23:08,440 --> 00:23:11,640
Speaker 5: feels seamless. Whether it's a local coffee shop, a vendor

540
00:23:11,720 --> 00:23:13,959
Speaker 5: at a pop up market, or even one of our

541
00:23:14,040 --> 00:23:17,640
Speaker 5: merch partners. Square makes it easy for them to take payments,

542
00:23:17,920 --> 00:23:21,600
Speaker 5: manage inventory, and run their business with confidence, all from

543
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Speaker 5: one simple system. If you're a business owner or even

544
00:23:25,240 --> 00:23:28,720
Speaker 5: just thinking about launching something soon, Square is hands down

545
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546
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547
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548
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549
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550
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551
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552
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Speaker 5: can keep pushing your vision forward. This episode is brought

553
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Speaker 5: to you by P and C Bank. A lot of

554
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Speaker 5: people think podcasts about work are boring, and sure, they

555
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Speaker 5: definitely can be, but understanding a professionals routine shows us

556
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Speaker 5: how they achieve their success little by little, day after day.

557
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Speaker 3: It's like banking with P and C Bank.

558
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559
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560
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561
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562
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563
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564
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565
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Speaker 8: An illegal alien from Guatemala charged with raping a child

566
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Speaker 8: in Massachusetts. An MS thirteen gang member from El Salvador

567
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Speaker 8: accused of murdering a Texas man of Venezuelan charged with

568
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Speaker 8: filming and selling child pornography in Michigan. These are just

569
00:24:57,720 --> 00:25:01,920
Speaker 8: some of the heinous migrant criminals. Because of President Donald J.

570
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Speaker 8: Trump's leadership. I'm Christy Noman, the United States Secretary of

571
00:25:05,880 --> 00:25:10,639
Speaker 8: Homeland Security. Under President Trump, attempted illegal border crossings are

572
00:25:10,680 --> 00:25:14,080
Speaker 8: at the lowest levels ever recorded, and over one hundred

573
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Speaker 8: thousand illegal aliens have been arrested. If you are here illegally,

574
00:25:18,480 --> 00:25:21,800
Speaker 8: your next you will be fine nearly one thousand dollars

575
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Speaker 8: a day, imprisoned and deported, you will never return. But

576
00:25:26,080 --> 00:25:29,480
Speaker 8: if you register using our CBP home app and leave now,

577
00:25:30,000 --> 00:25:33,040
Speaker 8: you could be allowed to return legally. Do what's right.

578
00:25:33,640 --> 00:25:38,560
Speaker 8: Leave now. Under President Trump, America's laws, border and families

579
00:25:38,800 --> 00:25:39,600
Speaker 8: will be protected.

580
00:25:39,720 --> 00:25:41,800
Speaker 3: Sponsored by the United States Department of Homeland Security.

581
00:25:42,000 --> 00:25:44,199
Speaker 4: We're over here in New York, My candy bars are

582
00:25:44,280 --> 00:25:46,280
Speaker 4: going to be about two dollars, Like what if I'm

583
00:25:46,320 --> 00:25:47,879
Speaker 4: in Philly. Over there, it's going to be about one

584
00:25:47,960 --> 00:25:50,080
Speaker 4: twenty five. But the main thing I'm looking at is

585
00:25:50,119 --> 00:25:52,119
Speaker 4: I'm looking at my internal investment.

586
00:25:51,680 --> 00:25:53,600
Speaker 3: Like MYRRI ORR.

587
00:25:53,760 --> 00:25:57,720
Speaker 4: Yeah, So I'm like, if I'm spending X amount, I

588
00:25:57,800 --> 00:26:02,080
Speaker 4: want to at least double that. So at minimum, I'm

589
00:26:02,119 --> 00:26:04,600
Speaker 4: double when I'm paying for the products. But I'm actually, well,

590
00:26:04,640 --> 00:26:07,359
Speaker 4: I always try to reach like the triple. I tried to,

591
00:26:07,400 --> 00:26:09,480
Speaker 4: you know, get the three hundred percent mark what I'm

592
00:26:09,560 --> 00:26:13,080
Speaker 4: actually paying back, what I'm actually paying for the product.

593
00:26:13,119 --> 00:26:14,480
Speaker 3: So whatever I'm investing, I'm trying at.

594
00:26:14,480 --> 00:26:16,560
Speaker 2: Least if I buy a candy bar for a dollar,

595
00:26:16,560 --> 00:26:18,560
Speaker 2: I need to I need to charge three dollars. And

596
00:26:18,680 --> 00:26:20,720
Speaker 2: the vending machine just using that as like an exact Ye,

597
00:26:21,320 --> 00:26:23,119
Speaker 2: obviously you're not gonna charge three dollars for candy bar,

598
00:26:23,160 --> 00:26:23,880
Speaker 2: but I'm just saying.

599
00:26:23,680 --> 00:26:25,080
Speaker 6: They did that at my job.

600
00:26:25,200 --> 00:26:28,399
Speaker 5: Like I went to the vendor machine and the sixty

601
00:26:28,400 --> 00:26:30,040
Speaker 5: five cent bag of chips is now five dollars?

602
00:26:30,920 --> 00:26:32,679
Speaker 2: Is it really five dollars?

603
00:26:32,800 --> 00:26:33,359
Speaker 6: Say the picture?

604
00:26:33,400 --> 00:26:35,080
Speaker 2: I was like, no, this is a job impossible.

605
00:26:35,080 --> 00:26:38,679
Speaker 5: I'm gonna say the picture it was ridiculous. I'm like, wait, impossible,

606
00:26:38,880 --> 00:26:41,359
Speaker 5: I've seen the picture, no joke. I'm like, this is ridiculabs.

607
00:26:41,359 --> 00:26:43,480
Speaker 2: What kind of chips are the souths It goes no

608
00:26:43,600 --> 00:26:44,160
Speaker 2: sound chips.

609
00:26:45,080 --> 00:26:46,160
Speaker 6: How big is the bag of chip?

610
00:26:46,880 --> 00:26:49,200
Speaker 3: It's the sisty like the normal sixty five cent bag.

611
00:26:49,520 --> 00:26:50,200
Speaker 2: No, it's impossible.

612
00:26:50,240 --> 00:26:52,560
Speaker 3: It was like the two ounce bag. It's like one

613
00:26:52,600 --> 00:26:53,080
Speaker 3: point seven.

614
00:26:53,160 --> 00:26:54,120
Speaker 6: So I will send out the picture.

615
00:26:54,240 --> 00:26:55,040
Speaker 2: No, it's impossible.

616
00:26:55,960 --> 00:26:58,240
Speaker 3: That's crazy. But they do, you know, people do do that.

617
00:26:58,400 --> 00:27:01,080
Speaker 3: I mean, now, I've never seen five dollars I see.

618
00:27:01,119 --> 00:27:02,160
Speaker 2: It's like an airport.

619
00:27:03,480 --> 00:27:06,040
Speaker 4: Located like the airport or like the hotels, you could

620
00:27:06,080 --> 00:27:06,879
Speaker 4: really charge.

621
00:27:06,640 --> 00:27:10,400
Speaker 2: More foret Vendom machines and the airport. That's that's where

622
00:27:10,400 --> 00:27:13,200
Speaker 2: you make money. Airport prices is just ridiculous just because

623
00:27:13,200 --> 00:27:13,800
Speaker 2: it's airport.

624
00:27:14,800 --> 00:27:17,760
Speaker 3: Because now they got the Vendom machines that sell electronics.

625
00:27:18,640 --> 00:27:20,679
Speaker 4: So that's that's another thing I wanted to touch on too,

626
00:27:20,880 --> 00:27:22,760
Speaker 4: is like you could think outside of the box and

627
00:27:22,800 --> 00:27:23,359
Speaker 4: get creative.

628
00:27:23,520 --> 00:27:25,439
Speaker 3: You could sell anything out of the machine. You can

629
00:27:25,520 --> 00:27:26,960
Speaker 3: sell electronics.

630
00:27:27,480 --> 00:27:27,600
Speaker 2: Uh.

631
00:27:28,240 --> 00:27:30,639
Speaker 4: Somebody I found online was selling knickknacks out of them

632
00:27:30,920 --> 00:27:33,320
Speaker 4: in the in the airport and she was making eight thousand.

633
00:27:33,040 --> 00:27:33,560
Speaker 3: Dollars a year.

634
00:27:33,760 --> 00:27:35,360
Speaker 2: What what what's a knickknack?

635
00:27:35,880 --> 00:27:38,399
Speaker 4: So like the stuff that you know you might get

636
00:27:38,440 --> 00:27:40,399
Speaker 4: while you're in that city or whatever. Like there was

637
00:27:40,720 --> 00:27:41,560
Speaker 4: those little whatever, like the.

638
00:27:41,520 --> 00:27:44,920
Speaker 2: Little trunkeets and like little Welcome to l A I

639
00:27:45,000 --> 00:27:46,600
Speaker 2: love New York charms.

640
00:27:46,280 --> 00:27:46,879
Speaker 3: And stuff like that.

641
00:27:47,000 --> 00:27:48,680
Speaker 4: And she had like bought up T shirts in there,

642
00:27:48,800 --> 00:27:51,399
Speaker 4: like you know, making making good money, like just taking

643
00:27:51,440 --> 00:27:52,160
Speaker 4: outside the box.

644
00:27:53,040 --> 00:27:53,840
Speaker 3: I also see.

645
00:27:54,640 --> 00:27:57,359
Speaker 6: Nobody one but you put two thousand trying to do

646
00:27:57,400 --> 00:27:58,000
Speaker 6: it every time.

647
00:27:58,040 --> 00:27:59,439
Speaker 4: Right, Like so it's just a lot of different things

648
00:27:59,480 --> 00:28:00,800
Speaker 4: you could you could put in there if you could

649
00:28:00,800 --> 00:28:01,960
Speaker 4: really like get creative with it.

650
00:28:02,040 --> 00:28:03,120
Speaker 6: What's the craziest one you've seen?

651
00:28:05,680 --> 00:28:06,480
Speaker 3: Craziest one?

652
00:28:07,640 --> 00:28:09,240
Speaker 2: Do you have one on your page when Dubai and

653
00:28:09,280 --> 00:28:10,119
Speaker 2: they have gold bars?

654
00:28:11,240 --> 00:28:13,520
Speaker 3: Yeah? I never seen that one though, but yeah I've seen.

655
00:28:14,240 --> 00:28:17,680
Speaker 2: Yeah, yeah yeah gold bars. You can buy go bars

656
00:28:18,440 --> 00:28:19,480
Speaker 2: for pieces of gold.

657
00:28:19,800 --> 00:28:21,000
Speaker 3: I don't know why you want to buy it, but

658
00:28:21,080 --> 00:28:22,600
Speaker 3: you know that's just everything.

659
00:28:23,200 --> 00:28:24,640
Speaker 6: Let's go to the Vanda machine and get some gold.

660
00:28:24,720 --> 00:28:26,040
Speaker 4: Yeah yeah, but you know it's a lot of it's

661
00:28:26,040 --> 00:28:27,640
Speaker 4: a lot of crazy ones out there, man. I've seen

662
00:28:27,720 --> 00:28:30,800
Speaker 4: something where you selling water. I've seen pizza is a

663
00:28:30,840 --> 00:28:31,240
Speaker 4: piece of that.

664
00:28:31,600 --> 00:28:33,359
Speaker 5: There was there was an article about that they're putting

665
00:28:33,359 --> 00:28:35,320
Speaker 5: that on college campuses where it makes the pizza in

666
00:28:35,440 --> 00:28:36,240
Speaker 5: like ninety seconds.

667
00:28:36,320 --> 00:28:36,560
Speaker 6: Or something.

668
00:28:37,000 --> 00:28:40,400
Speaker 4: They had a planing d machine on college campus another

669
00:28:40,480 --> 00:28:41,440
Speaker 4: college campus.

670
00:28:43,040 --> 00:28:44,480
Speaker 3: And it's actually not for me.

671
00:28:44,680 --> 00:28:49,800
Speaker 2: Well, that's actually, honestly, honestly contraception machine. No, that's not

672
00:28:49,920 --> 00:28:52,440
Speaker 2: a bad idea. Now, that's the contraception machines are not

673
00:28:52,440 --> 00:28:53,360
Speaker 2: a bad idea. You have condoms.

674
00:28:53,400 --> 00:28:55,160
Speaker 5: They used to put them in a bathroom. Remember you

675
00:28:55,400 --> 00:28:58,480
Speaker 5: used to put a quarter and then you don't remember, No,

676
00:28:58,640 --> 00:29:01,040
Speaker 5: I haven't seen it. Hosts like you put a cord

677
00:29:01,080 --> 00:29:02,480
Speaker 5: in and get a contraception.

678
00:29:03,240 --> 00:29:05,720
Speaker 2: That wow, yeah, that is that even legal?

679
00:29:08,320 --> 00:29:10,240
Speaker 3: I know, I know they got him out there like

680
00:29:10,360 --> 00:29:13,880
Speaker 3: the like here weave and eyelashes.

681
00:29:13,440 --> 00:29:16,520
Speaker 2: So you know what, what about medical marijuana? Marijuana period?

682
00:29:16,600 --> 00:29:16,880
Speaker 6: That too?

683
00:29:17,000 --> 00:29:19,120
Speaker 3: They got those out in California, they got the America.

684
00:29:19,480 --> 00:29:22,720
Speaker 4: So I'm not exactly sure how those operate because you

685
00:29:22,800 --> 00:29:25,200
Speaker 4: know that's that's regulated. So you need I D and

686
00:29:25,280 --> 00:29:30,400
Speaker 4: whatnot security that machine probably, Yeah, that's a little different,

687
00:29:30,440 --> 00:29:31,840
Speaker 4: but they do have dudes out there.

688
00:29:31,920 --> 00:29:36,000
Speaker 5: What about vandalism, Like, if somebody destroys your machine, how

689
00:29:36,000 --> 00:29:37,160
Speaker 5: does that you have insurance on it?

690
00:29:37,360 --> 00:29:37,560
Speaker 6: Yeah?

691
00:29:37,560 --> 00:29:37,880
Speaker 3: I haven't.

692
00:29:38,000 --> 00:29:41,960
Speaker 4: I had that happen before once. But yeah, so basically,

693
00:29:41,960 --> 00:29:44,360
Speaker 4: if somebody destroys it, messes up. You just if you

694
00:29:44,440 --> 00:29:45,600
Speaker 4: got insurance on it, then you cover.

695
00:29:46,160 --> 00:29:49,880
Speaker 3: If not, you know, you can go through any insurance company.

696
00:29:49,960 --> 00:29:52,160
Speaker 3: Got close State Farm and literally.

697
00:29:52,640 --> 00:29:54,440
Speaker 4: I'm not sure if it's any I know State Farm

698
00:29:55,640 --> 00:29:58,840
Speaker 4: is one, but it's this regular regular insurance companies covered.

699
00:29:59,080 --> 00:29:59,560
Speaker 6: Is it crazy?

700
00:30:00,040 --> 00:30:01,640
Speaker 3: No, it's not price at all. It's not price at all.

701
00:30:01,760 --> 00:30:03,720
Speaker 2: You would recommend always having that, I would record.

702
00:30:03,480 --> 00:30:05,640
Speaker 4: I would definitely recommend having insurance. But the thing is

703
00:30:05,760 --> 00:30:07,920
Speaker 4: when you actually go through the process, but picking out

704
00:30:07,920 --> 00:30:10,840
Speaker 4: a good location, if you're meeting the criteria, it's hard

705
00:30:10,920 --> 00:30:13,560
Speaker 4: to do vandalism because if the machine is somewhere open

706
00:30:14,240 --> 00:30:16,200
Speaker 4: and somewhere is you know, it's if it's in that

707
00:30:16,280 --> 00:30:18,160
Speaker 4: and if a place is always you know, has long hours,

708
00:30:18,240 --> 00:30:20,520
Speaker 4: most of some of their security, and mostly nine times

709
00:30:20,560 --> 00:30:22,280
Speaker 4: out of ten that's that been the machine is somewhere

710
00:30:22,320 --> 00:30:24,320
Speaker 4: near that security, like wherever it's sitting at in the

711
00:30:24,400 --> 00:30:27,000
Speaker 4: lobby somewhere, so it's always gonna be somewhere where people

712
00:30:27,080 --> 00:30:28,800
Speaker 4: where people see it. And like it's always if it's

713
00:30:28,800 --> 00:30:30,760
Speaker 4: foot traffic, it's gonna be. If it's good foot traffic,

714
00:30:30,800 --> 00:30:32,560
Speaker 4: then people are always going to be around. So it's

715
00:30:32,560 --> 00:30:33,480
Speaker 4: hard to vandalyze.

716
00:30:33,880 --> 00:30:37,560
Speaker 2: Yeah, you know machines or some place with cameras like

717
00:30:37,640 --> 00:30:38,680
Speaker 2: a school or community center.

718
00:30:39,160 --> 00:30:39,440
Speaker 6: Mins.

719
00:30:39,520 --> 00:30:42,719
Speaker 4: Minds happened more so when I had it in that motel,

720
00:30:42,760 --> 00:30:46,360
Speaker 4: were talking when it's shut down. It was like when

721
00:30:46,360 --> 00:30:47,720
Speaker 4: I went back there, it.

722
00:30:47,840 --> 00:30:50,240
Speaker 2: Was over what's the what's the life span of a machine?

723
00:30:51,600 --> 00:30:52,400
Speaker 3: That's a great question.

724
00:30:52,640 --> 00:30:54,520
Speaker 4: I mean, I have some machines I haven't had any

725
00:30:54,560 --> 00:30:57,720
Speaker 4: issues with, like since I had and some of them

726
00:30:57,720 --> 00:31:00,240
Speaker 4: you get it's just like problems I had woman machine

727
00:31:00,280 --> 00:31:02,360
Speaker 4: in particular, that's it's always giving me a problem.

728
00:31:02,400 --> 00:31:03,760
Speaker 3: I actually switched it out recently.

729
00:31:03,840 --> 00:31:07,800
Speaker 6: What type of problems? Like the mechanical doesn't dispense the merchandise.

730
00:31:08,080 --> 00:31:11,000
Speaker 4: No, So a Bendom machine really is only about it's

731
00:31:11,000 --> 00:31:14,200
Speaker 4: about three parts. You got your your bill accepted. A

732
00:31:14,240 --> 00:31:15,920
Speaker 4: lot of people think like, oh what about that's that's

733
00:31:15,960 --> 00:31:17,320
Speaker 4: one of the questions. I get a lot too. What

734
00:31:17,400 --> 00:31:19,920
Speaker 4: about the cost of maintenance. I don't really mainten The

735
00:31:19,960 --> 00:31:21,880
Speaker 4: cost of maintenance isn't high at all. Like it's really

736
00:31:22,000 --> 00:31:24,760
Speaker 4: like it's rare that something goes wrong with those machines.

737
00:31:24,800 --> 00:31:28,920
Speaker 4: But you got your bill acceptor your coin mechanism which

738
00:31:28,960 --> 00:31:30,600
Speaker 4: is where you put the coins in and then you

739
00:31:30,720 --> 00:31:32,360
Speaker 4: have your your board.

740
00:31:32,760 --> 00:31:35,040
Speaker 3: So your board is like the thing everything.

741
00:31:34,800 --> 00:31:38,680
Speaker 5: Is connected to the press east four No, but yeah, basically,

742
00:31:38,800 --> 00:31:41,200
Speaker 5: but that that runs to a little board that's inside

743
00:31:41,200 --> 00:31:43,640
Speaker 5: of the machine, right, And those are the main three

744
00:31:43,680 --> 00:31:45,840
Speaker 5: parts that the coils and stuff don't really that.

745
00:31:45,920 --> 00:31:47,800
Speaker 4: Those are run by little motors, but those don't really

746
00:31:47,880 --> 00:31:51,200
Speaker 4: go bad. Those are typically okay with the with the

747
00:31:52,040 --> 00:31:54,160
Speaker 4: The thing that gets the most used is the bill

748
00:31:54,240 --> 00:31:56,200
Speaker 4: accepted because people are always putting the bills in there

749
00:31:56,280 --> 00:32:01,160
Speaker 4: or whatever. I probably switched that out probably ever, like

750
00:32:01,360 --> 00:32:03,320
Speaker 4: maybe like two years or something. But if you're if

751
00:32:03,320 --> 00:32:05,000
Speaker 4: you're taking care of the right way, you're gonna have

752
00:32:05,040 --> 00:32:07,520
Speaker 4: to do that. I'm bad at that part, but you

753
00:32:07,600 --> 00:32:10,240
Speaker 4: know you could have. You could order a thing off Amazon.

754
00:32:10,720 --> 00:32:13,680
Speaker 4: It's like a little sticky It looks like a sticky card.

755
00:32:13,880 --> 00:32:15,880
Speaker 4: You put it in there and then pull it out

756
00:32:15,880 --> 00:32:17,640
Speaker 4: and it pulls all the dirt and stuff out of

757
00:32:17,760 --> 00:32:20,600
Speaker 4: the the bullet accept that, which helps it keeps it

758
00:32:20,720 --> 00:32:23,200
Speaker 4: clean because what's in there is it's a reader. So

759
00:32:23,320 --> 00:32:26,840
Speaker 4: once that reader gets to like dirty or too like

760
00:32:27,120 --> 00:32:29,160
Speaker 4: you know, beat up, it doesn't work anymore.

761
00:32:29,640 --> 00:32:30,479
Speaker 2: So how do you all?

762
00:32:30,560 --> 00:32:30,640
Speaker 7: Right?

763
00:32:30,680 --> 00:32:32,640
Speaker 2: So the money you collect just you know you're going in.

764
00:32:32,800 --> 00:32:35,800
Speaker 2: But like the credit card that gets goals in that

765
00:32:35,960 --> 00:32:38,640
Speaker 2: process and that goes like directly to like a PayPal.

766
00:32:38,360 --> 00:32:40,640
Speaker 3: Account, it goes directly to the bank account, the.

767
00:32:40,640 --> 00:32:41,440
Speaker 2: Bank account.

768
00:32:43,320 --> 00:32:44,960
Speaker 3: Right in, but it goes it doesn't go right in,

769
00:32:45,080 --> 00:32:45,560
Speaker 3: it goes to.

770
00:32:47,040 --> 00:32:50,600
Speaker 4: That that service. It goes to that provider's account. Then

771
00:32:50,600 --> 00:32:52,760
Speaker 4: they have a payout and then they put similar to

772
00:32:52,800 --> 00:32:53,000
Speaker 4: what you.

773
00:32:53,000 --> 00:32:54,160
Speaker 3: Would use like what I can shop.

774
00:32:54,520 --> 00:32:58,240
Speaker 4: Yeah, like shoot your payout date and then on those

775
00:32:58,320 --> 00:33:00,600
Speaker 4: dates you get paid out for whatever card read of

776
00:33:00,640 --> 00:33:01,360
Speaker 4: seals that you had.

777
00:33:01,720 --> 00:33:04,000
Speaker 6: What about the process of buying and selling routes. I

778
00:33:04,080 --> 00:33:06,320
Speaker 6: know sometimes you said that if there is a.

779
00:33:06,400 --> 00:33:09,000
Speaker 5: Slow time, you might want to sell that machine or

780
00:33:09,040 --> 00:33:10,720
Speaker 5: sell that route, and talk about that a little bit.

781
00:33:11,320 --> 00:33:13,400
Speaker 4: Yeah, So I mean in the business, you know, obviously

782
00:33:13,480 --> 00:33:15,440
Speaker 4: the bulk, the bulk of your money is going to

783
00:33:15,480 --> 00:33:18,760
Speaker 4: come from you selling products out of your machine. But

784
00:33:18,840 --> 00:33:21,600
Speaker 4: it's also other ways to make money once you get going,

785
00:33:22,320 --> 00:33:24,600
Speaker 4: of which one of the best ways is, like you

786
00:33:24,720 --> 00:33:27,800
Speaker 4: just said, buying and selling routes. So I might like

787
00:33:27,920 --> 00:33:29,920
Speaker 4: for the perfect the perfect scenario or the best scenario

788
00:33:29,960 --> 00:33:32,120
Speaker 4: I had with buying, buying a route, and selling it

789
00:33:32,360 --> 00:33:36,719
Speaker 4: was I brought a route for thirty five hundred. Now,

790
00:33:36,720 --> 00:33:39,000
Speaker 4: originally the guy was trying to charge me like seven

791
00:33:39,040 --> 00:33:41,040
Speaker 4: thousand forward or something like that. I was like, no,

792
00:33:41,080 --> 00:33:43,400
Speaker 4: I'm okay, I'm not even really desperately, I'm not really

793
00:33:43,440 --> 00:33:44,120
Speaker 4: looking for anything.

794
00:33:44,680 --> 00:33:46,960
Speaker 3: But you know, he couldn't sell it. So he came

795
00:33:47,040 --> 00:33:48,880
Speaker 3: back to me. He was like, you know, I still

796
00:33:48,920 --> 00:33:50,600
Speaker 3: got this route. I'll give it to you for thirty five.

797
00:33:50,960 --> 00:33:52,920
Speaker 3: And I'm like, okay. So I'm looking at it.

798
00:33:53,000 --> 00:33:56,680
Speaker 4: It's six it's six Vendom machines, and it's three locations.

799
00:33:56,920 --> 00:33:59,120
Speaker 4: So I'm like, man's that's that's like a giveaway.

800
00:34:00,120 --> 00:34:01,640
Speaker 3: I'm like, okay, I'll take it for thirty five.

801
00:34:03,040 --> 00:34:03,720
Speaker 2: So I brought it.

802
00:34:04,120 --> 00:34:05,320
Speaker 3: I checked out the locations.

803
00:34:05,840 --> 00:34:07,920
Speaker 4: Two of the locations I didn't I didn't like, so

804
00:34:08,040 --> 00:34:11,279
Speaker 4: I'm like, okay, this location is bad, but it was

805
00:34:11,360 --> 00:34:12,239
Speaker 4: good machines in there.

806
00:34:12,320 --> 00:34:14,560
Speaker 3: The other location was bad. One location was good.

807
00:34:15,160 --> 00:34:18,440
Speaker 4: So what I did was I kept a good location

808
00:34:18,800 --> 00:34:21,680
Speaker 4: and I sold the other two locations for thirty five apiece.

809
00:34:22,640 --> 00:34:25,960
Speaker 4: So I ended up making a profit of seven thousand

810
00:34:26,440 --> 00:34:29,440
Speaker 4: off of that situation. So that's just another way to

811
00:34:29,480 --> 00:34:31,880
Speaker 4: make money on the back. And so if you're into.

812
00:34:31,680 --> 00:34:35,120
Speaker 3: Buying routes, you could just buy a route out. Maybe

813
00:34:35,400 --> 00:34:35,880
Speaker 3: you could you.

814
00:34:35,920 --> 00:34:38,640
Speaker 4: Could keep the machines, you know, sell the machines, or

815
00:34:38,680 --> 00:34:40,480
Speaker 4: you could just try to sell the machine on location,

816
00:34:40,560 --> 00:34:42,400
Speaker 4: which is easier to sell them if they already placed

817
00:34:42,480 --> 00:34:44,319
Speaker 4: like that that takes work off of the next man.

818
00:34:44,640 --> 00:34:46,759
Speaker 2: Is any way to get a machine for free, like

819
00:34:47,080 --> 00:34:49,960
Speaker 2: financing or pay it back on the back end through

820
00:34:50,239 --> 00:34:52,600
Speaker 2: money that you make and future or no.

821
00:34:53,360 --> 00:34:54,160
Speaker 3: It's a great question.

822
00:34:54,360 --> 00:34:58,560
Speaker 4: So you can rent machines from the same type of

823
00:34:58,719 --> 00:35:00,719
Speaker 4: people that I talked about before, as far as like

824
00:35:00,800 --> 00:35:03,359
Speaker 4: with the if you're going through a vending warehouse, they

825
00:35:03,400 --> 00:35:05,319
Speaker 4: do allow you to VNT machines. Sometimes if you look

826
00:35:05,360 --> 00:35:07,919
Speaker 4: online you can find some people that rent machines as well.

827
00:35:08,239 --> 00:35:08,880
Speaker 3: I don't really.

828
00:35:08,760 --> 00:35:10,840
Speaker 4: Suggest doing it because it gives you like an overhead,

829
00:35:11,840 --> 00:35:13,719
Speaker 4: you know, well, you know, if that's your way in,

830
00:35:13,840 --> 00:35:15,080
Speaker 4: and that's your way you you know what I'm saying.

831
00:35:15,120 --> 00:35:16,920
Speaker 2: But you can also.

832
00:35:19,360 --> 00:35:21,480
Speaker 4: Once once you get to a certain point in the business,

833
00:35:22,480 --> 00:35:25,160
Speaker 4: like like I mentioned before with Coca Cola and Pepsi

834
00:35:25,280 --> 00:35:26,640
Speaker 4: with one of the one of the programs that they

835
00:35:26,719 --> 00:35:28,959
Speaker 4: have is once you buy a certain amount of their product,

836
00:35:29,000 --> 00:35:30,840
Speaker 4: they give you machines, so but.

837
00:35:30,920 --> 00:35:32,080
Speaker 3: It has to be on contract.

838
00:35:32,440 --> 00:35:34,759
Speaker 2: So can you say, like buy their products, like you're

839
00:35:34,760 --> 00:35:37,279
Speaker 2: putting their sodas in your machines. So they got like

840
00:35:37,360 --> 00:35:38,839
Speaker 2: ten thousand dollars worth of coke.

841
00:35:39,480 --> 00:35:41,800
Speaker 4: It's not ten thousand dollars, but it's like it's definitely

842
00:35:42,320 --> 00:35:44,120
Speaker 4: a good amount, and you have to buy. You have

843
00:35:44,200 --> 00:35:47,200
Speaker 4: to you're committed to buying that amount at least at

844
00:35:47,280 --> 00:35:50,480
Speaker 4: minimum every month. But they'll give you the vending machine

845
00:35:50,560 --> 00:35:53,120
Speaker 4: for free because obviously it's helping them, it's helping you

846
00:35:53,200 --> 00:35:55,440
Speaker 4: move that product, you know. But that's the way to

847
00:35:55,440 --> 00:35:57,480
Speaker 4: get through vendom machines too, But that's not you probably

848
00:35:57,480 --> 00:35:58,799
Speaker 4: won't do that until, like you know later.

849
00:35:58,880 --> 00:36:02,560
Speaker 6: That about the the contracts, what are the typical links

850
00:36:02,600 --> 00:36:04,640
Speaker 6: of the contract? Is it like six months? Is the year?

851
00:36:04,840 --> 00:36:07,239
Speaker 3: About two years? I do two years two year contract? Yeah,

852
00:36:07,360 --> 00:36:08,280
Speaker 3: two two year increments.

853
00:36:08,440 --> 00:36:11,280
Speaker 2: So all right, Well that was a lot of information

854
00:36:11,960 --> 00:36:14,200
Speaker 2: for sure. So in the next second, we're gonna bring

855
00:36:14,239 --> 00:36:17,279
Speaker 2: you home, all right, so we're gonna close it out.

856
00:36:17,320 --> 00:36:20,160
Speaker 2: But before I got I got a few questions. So

857
00:36:20,320 --> 00:36:23,160
Speaker 2: all right, especially in schools with kids and stuff like that,

858
00:36:24,080 --> 00:36:26,920
Speaker 2: what's your thoughts on because it's childhood. PCD is a

859
00:36:26,960 --> 00:36:32,680
Speaker 2: big thing. So what's your thoughts on like junk food,

860
00:36:33,400 --> 00:36:35,520
Speaker 2: because you can have healthy stuff in there as well.

861
00:36:35,880 --> 00:36:39,120
Speaker 2: Obviously it's not as popular. Do you ever think about

862
00:36:39,160 --> 00:36:40,120
Speaker 2: that or Yeah.

863
00:36:39,960 --> 00:36:42,320
Speaker 4: That's something that actually comes up a lot of times

864
00:36:42,400 --> 00:36:45,640
Speaker 4: in the meetings when I'm talking to like the potential locations,

865
00:36:46,080 --> 00:36:49,440
Speaker 4: so they you know, they always want the healthy selections,

866
00:36:49,440 --> 00:36:51,200
Speaker 4: which I'm big on healthy selections anyway.

867
00:36:51,640 --> 00:36:53,040
Speaker 3: Definitely want to get people with choice.

868
00:36:53,920 --> 00:36:54,880
Speaker 2: So I like to put.

869
00:36:56,400 --> 00:36:59,960
Speaker 4: Half traditional and then I'll put half healthy. I try

870
00:37:00,200 --> 00:37:04,640
Speaker 4: the whole health thing. One didn't go that well, so

871
00:37:04,800 --> 00:37:06,920
Speaker 4: I definitely do. I do like like some of my

872
00:37:07,520 --> 00:37:09,480
Speaker 4: most of the time of Vendom machine will have multiple

873
00:37:09,560 --> 00:37:12,520
Speaker 4: rolls of like two roaster chips, two roaster snacks, and

874
00:37:12,600 --> 00:37:13,959
Speaker 4: then you have your candy roll whatever.

875
00:37:14,360 --> 00:37:16,400
Speaker 3: So on my top one, I'll make half.

876
00:37:16,239 --> 00:37:20,000
Speaker 4: Of that like big or something like you know, like

877
00:37:20,040 --> 00:37:22,480
Speaker 4: a power bar something like that, not not not for

878
00:37:22,560 --> 00:37:26,480
Speaker 4: the chips, but like this like something big, and then

879
00:37:26,520 --> 00:37:29,759
Speaker 4: once we get to like the snack and the candy roll,

880
00:37:29,880 --> 00:37:32,719
Speaker 4: I'll just make sure it's like some healthy stuff like

881
00:37:32,840 --> 00:37:36,000
Speaker 4: trail mix or be like a power bar. So just

882
00:37:36,080 --> 00:37:39,200
Speaker 4: something something that's you know, it'd be good for something

883
00:37:39,320 --> 00:37:41,160
Speaker 4: somebody grab quick that's still healthy for you.

884
00:37:41,360 --> 00:37:43,480
Speaker 5: And depending on where you're at right like that, you

885
00:37:43,560 --> 00:37:45,680
Speaker 5: have to take that into account as far as inventory,

886
00:37:45,719 --> 00:37:48,520
Speaker 5: because like you said, Philly got the sugar tax, right,

887
00:37:48,640 --> 00:37:50,600
Speaker 5: so when buying stuff, you got to take that into accounts.

888
00:37:50,880 --> 00:37:53,239
Speaker 4: And we also have also have an old people's home,

889
00:37:53,480 --> 00:37:55,440
Speaker 4: so you know in there, I can't put a lot

890
00:37:55,480 --> 00:37:57,480
Speaker 4: of sugar stuff. So it really just depends on where

891
00:37:57,520 --> 00:37:59,640
Speaker 4: you're putting that machine at, but it definitely, it'll definitely

892
00:37:59,640 --> 00:38:02,920
Speaker 4: always comes up in the conversation when you're placing the machine.

893
00:38:03,160 --> 00:38:06,320
Speaker 4: Is having healthy selections. Everybody, everybody wants healthy selections, and

894
00:38:06,360 --> 00:38:09,000
Speaker 4: I think that's more so a big wave now, yeah,

895
00:38:09,600 --> 00:38:11,719
Speaker 4: in the direction that we're doing as a as a

896
00:38:11,840 --> 00:38:14,680
Speaker 4: you know country as a country is getting more healthy

897
00:38:14,719 --> 00:38:15,319
Speaker 4: stuff out there.

898
00:38:15,400 --> 00:38:17,920
Speaker 2: So you know, yeah, you are the.

899
00:38:17,920 --> 00:38:20,239
Speaker 6: Food source for a lot of us, Like we don't

900
00:38:20,280 --> 00:38:21,480
Speaker 6: have a lot of us don't have time to go

901
00:38:21,520 --> 00:38:21,960
Speaker 6: out for lunch.

902
00:38:21,960 --> 00:38:23,480
Speaker 4: It's like, let me just got something quick, right, and

903
00:38:23,520 --> 00:38:25,120
Speaker 4: you want to make sure they get out the choice

904
00:38:25,160 --> 00:38:27,400
Speaker 4: to get something healthy versus having to get something you

905
00:38:27,480 --> 00:38:27,920
Speaker 4: know it's not.

906
00:38:28,000 --> 00:38:30,719
Speaker 2: Good for you. So like ramen, noodles and stuff like that.

907
00:38:31,480 --> 00:38:33,680
Speaker 2: I've seen that in there. I had those in there,

908
00:38:33,960 --> 00:38:37,800
Speaker 2: So like what's the what's what's your sweet spot? Like

909
00:38:38,480 --> 00:38:41,280
Speaker 2: you said, you don't like perishable goods for obvious reasons

910
00:38:41,680 --> 00:38:46,000
Speaker 2: because they expire. Just can't they expire?

911
00:38:46,400 --> 00:38:47,480
Speaker 6: Yes, it has an expision.

912
00:38:47,520 --> 00:38:49,480
Speaker 4: It's a long one though, yeah, a long like a

913
00:38:49,520 --> 00:38:51,279
Speaker 4: long time all right, It takes a while, but it

914
00:38:51,360 --> 00:38:53,960
Speaker 4: really it depends on the conditions, like your temperature and

915
00:38:54,000 --> 00:38:57,000
Speaker 4: all that. So if you in the summertime, snickers bar

916
00:38:57,040 --> 00:38:59,319
Speaker 4: in the sun ain't gonna last long because it once

917
00:38:59,360 --> 00:39:01,360
Speaker 4: it wants to sets most of the time. When it

918
00:39:01,440 --> 00:39:05,160
Speaker 4: resets into being like the regular form, it's like like

919
00:39:05,480 --> 00:39:07,920
Speaker 4: not really molded, but it's just like this colored and

920
00:39:08,040 --> 00:39:09,839
Speaker 4: it doesn't look at peeling for people to eat.

921
00:39:09,880 --> 00:39:10,640
Speaker 3: They're not gonna eat.

922
00:39:10,560 --> 00:39:12,400
Speaker 2: It, So you try to have your but it's always

923
00:39:12,480 --> 00:39:14,960
Speaker 2: inside though, right, try like air conditioned.

924
00:39:14,880 --> 00:39:17,000
Speaker 4: Most of the times it's But I'm also talking about

925
00:39:17,080 --> 00:39:19,600
Speaker 4: like storage, so that's where you're storing your too.

926
00:39:20,360 --> 00:39:22,279
Speaker 2: I never thought about that. You gotta store. Do you

927
00:39:22,400 --> 00:39:24,160
Speaker 2: store it or do you just do you just buy

928
00:39:24,239 --> 00:39:24,840
Speaker 2: it as you go?

929
00:39:26,760 --> 00:39:29,680
Speaker 3: I stored, but when I first started out just buying as.

930
00:39:29,600 --> 00:39:32,680
Speaker 6: I go, So your your liver was full of boxes,

931
00:39:33,200 --> 00:39:34,799
Speaker 6: you know, so I got a Halloween I.

932
00:39:34,800 --> 00:39:37,360
Speaker 4: Gotta spot in my career, WI like something similarly like

933
00:39:37,440 --> 00:39:39,719
Speaker 4: this area here, but like a little smaller. That whole

934
00:39:39,760 --> 00:39:42,320
Speaker 4: area was filled with snatch. But you know, if you

935
00:39:42,400 --> 00:39:44,239
Speaker 4: buy it that you go, it's a little easier. But

936
00:39:44,800 --> 00:39:46,600
Speaker 4: once you get it down to a science. So the

937
00:39:46,680 --> 00:39:48,279
Speaker 4: thing about buying that you go with you gotta take

938
00:39:48,280 --> 00:39:50,920
Speaker 4: trips to the store every week. Like so you really

939
00:39:50,960 --> 00:39:52,600
Speaker 4: want to figure out how much you need, so you

940
00:39:52,680 --> 00:39:54,960
Speaker 4: could just buy your month's worth and then have it

941
00:39:55,040 --> 00:39:56,080
Speaker 4: just sitting over there in the corner.

942
00:39:56,160 --> 00:39:57,480
Speaker 3: So all you gotta do is grab the stuff and

943
00:39:57,560 --> 00:40:00,520
Speaker 3: go fill up the machine versus multip making multiple with trips.

944
00:40:01,480 --> 00:40:03,359
Speaker 5: So a full time day is like all right, I'm

945
00:40:03,400 --> 00:40:06,920
Speaker 5: gonna schedule. I'm gonna go to this location to refill,

946
00:40:07,000 --> 00:40:07,960
Speaker 5: this location to refilled.

947
00:40:08,520 --> 00:40:10,160
Speaker 4: Yeah, so it's like all right, so I'll do my

948
00:40:10,400 --> 00:40:13,680
Speaker 4: day before our prep full up, all full up all

949
00:40:13,719 --> 00:40:15,480
Speaker 4: my my bens. I have bens that I carry the

950
00:40:15,520 --> 00:40:19,160
Speaker 4: products and full up all my bens. Pick the spots.

951
00:40:19,200 --> 00:40:22,359
Speaker 4: I'm going to just knock the spots down one bout one,

952
00:40:22,600 --> 00:40:24,840
Speaker 4: but I do, I'll pack everything the night before.

953
00:40:25,200 --> 00:40:27,440
Speaker 6: That's a one man show yourself. Yeah.

954
00:40:28,640 --> 00:40:31,759
Speaker 2: Wow, So I saw you saying like as far as

955
00:40:31,880 --> 00:40:34,839
Speaker 2: the the numbers on it, so it's like I think

956
00:40:34,880 --> 00:40:39,560
Speaker 2: it's like under six locations. Is it's well under six machines.

957
00:40:39,680 --> 00:40:41,120
Speaker 2: Let me see if I have it's run down something

958
00:40:41,200 --> 00:40:44,120
Speaker 2: like passive passive and dan, Yeah, can you explain that?

959
00:40:44,280 --> 00:40:45,000
Speaker 2: Like the numbers?

960
00:40:45,080 --> 00:40:47,920
Speaker 4: So it really now, honestly, it depends on your location obviously,

961
00:40:48,000 --> 00:40:51,160
Speaker 4: but we're talking about this standard average. Like if you

962
00:40:51,280 --> 00:40:53,759
Speaker 4: have around six machines, that's kind of still passive, like

963
00:40:53,800 --> 00:40:54,960
Speaker 4: that's not gonna take up too much of.

964
00:40:55,000 --> 00:40:58,560
Speaker 3: Your time and you know, you can still get whatever done.

965
00:40:58,600 --> 00:40:59,400
Speaker 3: Once you get to like.

966
00:41:01,000 --> 00:41:04,000
Speaker 4: Around like ten machines, you more so like on like

967
00:41:04,080 --> 00:41:06,000
Speaker 4: a part time type of thing, like if you was

968
00:41:06,080 --> 00:41:07,640
Speaker 4: working part time, because it's going to take up a

969
00:41:07,680 --> 00:41:09,400
Speaker 4: little more time as far as you keeping up with

970
00:41:09,440 --> 00:41:11,920
Speaker 4: your products and you go into your spots, depending on

971
00:41:12,000 --> 00:41:15,400
Speaker 4: how far your spots are. Once you get past like fifteen,

972
00:41:16,120 --> 00:41:19,200
Speaker 4: that's more like a you know, once you get like

973
00:41:19,320 --> 00:41:22,040
Speaker 4: fifteen twenty, it's like a real business, full time, full

974
00:41:22,080 --> 00:41:25,040
Speaker 4: time situation, and now you're now you're doing that full time,

975
00:41:25,120 --> 00:41:26,560
Speaker 4: like you're making you should be if you're doing the

976
00:41:26,600 --> 00:41:27,680
Speaker 4: right you should be making good money.

977
00:41:27,760 --> 00:41:29,279
Speaker 3: But that's going to take up a lot of your time.

978
00:41:29,320 --> 00:41:31,120
Speaker 2: So if you have twenty, if you have twenty machines,

979
00:41:31,200 --> 00:41:36,080
Speaker 2: theoretically you should be making like fifteen thousand around that

980
00:41:36,280 --> 00:41:37,920
Speaker 2: at least at least twenty on the good.

981
00:41:37,840 --> 00:41:39,680
Speaker 3: End, at least fifteen at minimum.

982
00:41:39,920 --> 00:41:41,600
Speaker 4: At minimum, you should at least be doing like ten

983
00:41:41,719 --> 00:41:43,880
Speaker 4: even if you don't have good locations, like you should least.

984
00:41:43,760 --> 00:41:47,000
Speaker 2: R ten of months right right now. The thing about

985
00:41:47,000 --> 00:41:50,399
Speaker 2: the Vendom machine thing is an interesting situation because it's

986
00:41:50,440 --> 00:41:53,120
Speaker 2: one of these things where I always say, it's never

987
00:41:53,239 --> 00:41:55,759
Speaker 2: about home runs. It's not about home runs in life.

988
00:41:56,120 --> 00:41:58,719
Speaker 2: It's about base hits. Like if you play baseball, you

989
00:41:58,840 --> 00:42:02,040
Speaker 2: gotta get base hits cansistently. And the Vendom machine thing

990
00:42:02,200 --> 00:42:04,040
Speaker 2: is like a base hit. Like even if you got

991
00:42:04,080 --> 00:42:06,320
Speaker 2: you know, a couple going and you're getting two thousand,

992
00:42:06,480 --> 00:42:09,879
Speaker 2: like that's that's two thousand, Like you know what I'm saying,

993
00:42:10,000 --> 00:42:12,480
Speaker 2: three thousand whatever. It's like, now that takes pressure off

994
00:42:12,480 --> 00:42:16,239
Speaker 2: of you. That's a nice passive stream of income. You

995
00:42:16,360 --> 00:42:20,279
Speaker 2: build that up, you know, however large you wanted to grow.

996
00:42:20,480 --> 00:42:24,680
Speaker 2: But it's one of these things that's extremely practical. Everybody

997
00:42:24,760 --> 00:42:27,520
Speaker 2: has seen vendom machines or used it or used it.

998
00:42:27,920 --> 00:42:33,040
Speaker 2: It's not rocket science, and it's not really that difficult

999
00:42:33,040 --> 00:42:35,200
Speaker 2: as far as to understand that. The general idea of.

1000
00:42:35,200 --> 00:42:37,279
Speaker 5: It mak people thinking in mind like, oh, somebody spent

1001
00:42:37,360 --> 00:42:39,279
Speaker 5: a dollar. Somebody spent a dollar twenty five. It's not

1002
00:42:39,320 --> 00:42:41,120
Speaker 5: a lot of money, but enough dollars make sense.

1003
00:42:40,960 --> 00:42:42,239
Speaker 2: Now, you know, it's not even about that. A lot

1004
00:42:42,239 --> 00:42:44,000
Speaker 2: of times we just mentally priced off. We just mentally

1005
00:42:44,040 --> 00:42:46,399
Speaker 2: psych ourselves out of everything. So it's like you see

1006
00:42:46,400 --> 00:42:48,560
Speaker 2: a vando machine every single day. How many people have

1007
00:42:48,640 --> 00:42:51,359
Speaker 2: ever thought about owning a vending machine? I've never thought

1008
00:42:51,400 --> 00:42:54,200
Speaker 2: about it. You see it? Why not somebody owns it?

1009
00:42:54,400 --> 00:42:56,800
Speaker 6: You're getting killed every single somebody owns.

1010
00:42:56,640 --> 00:42:58,799
Speaker 2: It, Like you know what I'm saying, Like why not? Yeah?

1011
00:42:58,840 --> 00:43:00,359
Speaker 4: And I think a lot of people shot away from

1012
00:43:00,400 --> 00:43:02,320
Speaker 4: it too, Like even when they think about that idea

1013
00:43:02,600 --> 00:43:05,040
Speaker 4: is like say're scared of like the maintenance that we think, Okay,

1014
00:43:05,080 --> 00:43:07,560
Speaker 4: well I don't know how to fix it. But you know,

1015
00:43:07,960 --> 00:43:10,400
Speaker 4: at the end of the day, you it's not it's

1016
00:43:10,480 --> 00:43:12,640
Speaker 4: not too complicated but for any business, you're gonna have

1017
00:43:12,719 --> 00:43:14,600
Speaker 4: hurders where you have to figure stuff out. It's no

1018
00:43:14,760 --> 00:43:17,359
Speaker 4: different than that. Like, so once you once you get

1019
00:43:17,400 --> 00:43:19,560
Speaker 4: it going and you run into an issue, of course

1020
00:43:20,040 --> 00:43:22,520
Speaker 4: you have to. I mean YouTube is your friend. To

1021
00:43:22,600 --> 00:43:24,920
Speaker 4: find a solution on YouTube, if not find a resource

1022
00:43:25,000 --> 00:43:27,160
Speaker 4: to call in and just watch what they do, and

1023
00:43:27,280 --> 00:43:28,880
Speaker 4: you know, and most of the time, you know, that's

1024
00:43:28,920 --> 00:43:29,920
Speaker 4: that's how I how to fix me.

1025
00:43:30,000 --> 00:43:31,400
Speaker 2: Yeah, they're like, I'm going to ask you that, like

1026
00:43:31,560 --> 00:43:34,400
Speaker 2: do you fix yourself with you hire like mechanics that

1027
00:43:34,719 --> 00:43:35,920
Speaker 2: specialize in the machine.

1028
00:43:35,960 --> 00:43:37,480
Speaker 4: So for the most part, I fix on myself. The

1029
00:43:37,560 --> 00:43:41,040
Speaker 4: only thing I really I can't fix is the refrigeration units.

1030
00:43:41,040 --> 00:43:43,560
Speaker 4: It's called the compressors. So the compressors are a little

1031
00:43:43,560 --> 00:43:45,399
Speaker 4: more complicated. I don't know how to fix those yet.

1032
00:43:45,719 --> 00:43:48,319
Speaker 4: But like the build a sceptors and the coin mechanisms

1033
00:43:48,680 --> 00:43:50,640
Speaker 4: like that, that type of stuff, I can fix those

1034
00:43:50,680 --> 00:43:53,520
Speaker 4: because it's like it's just a common thing. And that's

1035
00:43:53,600 --> 00:43:55,160
Speaker 4: most of the time, nine times at the tempt that's

1036
00:43:55,160 --> 00:43:57,080
Speaker 4: what you're gonna be dealing with. If something goes wrong.

1037
00:43:57,160 --> 00:43:58,960
Speaker 4: Most of the time, it's just like a dollar got stuck,

1038
00:43:59,480 --> 00:44:01,839
Speaker 4: or maybe you're your bill, except the one bad.

1039
00:44:01,920 --> 00:44:04,840
Speaker 3: It's just screw it out, put a new one and

1040
00:44:04,880 --> 00:44:06,399
Speaker 3: screw it back in, like that type of thing.

1041
00:44:06,760 --> 00:44:12,280
Speaker 2: What's the best what's the best item invented machine history?

1042
00:44:12,960 --> 00:44:20,080
Speaker 4: Peanut Eminem's for snacks, for drinks, Pepsi and pepsi cells

1043
00:44:20,200 --> 00:44:25,520
Speaker 4: like like nothing else whatever whatever you sell them with

1044
00:44:25,560 --> 00:44:28,520
Speaker 4: everything else. Pepsi is gonna sell dumble pepsi self more

1045
00:44:28,560 --> 00:44:29,799
Speaker 4: than coke, pepsi.

1046
00:44:29,520 --> 00:44:33,160
Speaker 3: Something was or anything. Pepsi everywhere, like everybody I know.

1047
00:44:33,120 --> 00:44:34,279
Speaker 2: Would do it more than water.

1048
00:44:35,040 --> 00:44:39,000
Speaker 4: Yeah, your largest profit item is water, though you make

1049
00:44:39,040 --> 00:44:40,120
Speaker 4: the most water for water.

1050
00:44:40,280 --> 00:44:44,000
Speaker 3: Yeah, but pepsi sells like nothing else. Peanut eminem so real, well.

1051
00:44:43,960 --> 00:44:45,240
Speaker 2: Too, what's what's your favorite?

1052
00:44:45,480 --> 00:44:48,759
Speaker 3: My favorite? Uh, Skittles, starburs and m and ms.

1053
00:44:50,160 --> 00:44:51,840
Speaker 2: I don't even know if I even had peanut eminem.

1054
00:44:51,880 --> 00:44:54,000
Speaker 4: I don't like them personally. That's and that's what kind

1055
00:44:54,000 --> 00:44:55,560
Speaker 4: of messed me up the first time. I was like, oh,

1056
00:44:55,640 --> 00:44:56,239
Speaker 4: these ain't good.

1057
00:44:56,360 --> 00:44:57,319
Speaker 3: But you know, when I was.

1058
00:44:57,280 --> 00:44:59,960
Speaker 5: Stocking the combination of the pepsi and the peanut emon

1059
00:45:01,160 --> 00:45:04,640
Speaker 5: but but but crunch butter crunch cookie sign you got

1060
00:45:04,719 --> 00:45:07,319
Speaker 5: the machine though it should be those are smack.

1061
00:45:07,200 --> 00:45:10,680
Speaker 2: Paydayd candy bars that's that's a niche thing. And oil

1062
00:45:10,800 --> 00:45:13,279
Speaker 2: and vinegar chips that's another niche chip.

1063
00:45:13,800 --> 00:45:14,720
Speaker 6: No, that's.

1064
00:45:17,800 --> 00:45:18,719
Speaker 3: That's the tip that.

1065
00:45:18,800 --> 00:45:22,000
Speaker 2: Gets niche oil because elite, that's the elite.

1066
00:45:22,000 --> 00:45:24,880
Speaker 6: That's red bag of doritos.

1067
00:45:25,320 --> 00:45:29,359
Speaker 3: Yeah, that's gone. Those are moving the black popcorn chip back.

1068
00:45:29,719 --> 00:45:30,560
Speaker 3: That's another item.

1069
00:45:31,440 --> 00:45:34,879
Speaker 4: The cooler ranch playing cooler ranch playing not really lays.

1070
00:45:35,280 --> 00:45:37,360
Speaker 4: People like well and where I'm at, people like the

1071
00:45:37,680 --> 00:45:39,439
Speaker 4: hers like playing herds.

1072
00:45:40,440 --> 00:45:46,279
Speaker 3: They love those playing ships, Doritos, pretzels also pressures are

1073
00:45:46,480 --> 00:45:47,239
Speaker 3: depending where they at.

1074
00:45:47,719 --> 00:45:52,320
Speaker 4: But the doritos, the peanut min ms, pepsi, that's selling

1075
00:45:52,680 --> 00:45:55,080
Speaker 4: no matter, no matter I call those like staple items,

1076
00:45:55,160 --> 00:45:57,279
Speaker 4: Like those items will be in the machine no matter

1077
00:45:57,400 --> 00:45:58,560
Speaker 4: which of them I see.

1078
00:45:58,600 --> 00:46:01,040
Speaker 5: Sometimes the don't put like the them in one row

1079
00:46:01,080 --> 00:46:03,359
Speaker 5: and then like put them at the next row too.

1080
00:46:03,400 --> 00:46:06,200
Speaker 4: Just because because they sell, like because if you don't

1081
00:46:06,280 --> 00:46:08,520
Speaker 4: do that, you're gonna run out, like so that that's

1082
00:46:08,520 --> 00:46:10,120
Speaker 4: gonna run out before. It's like a pepsi And most

1083
00:46:10,160 --> 00:46:11,960
Speaker 4: of the time you had two rolls of pepsi and

1084
00:46:12,040 --> 00:46:14,960
Speaker 4: the because just because it's going to sell faster than anything.

1085
00:46:14,960 --> 00:46:16,600
Speaker 3: You know, you have to come back once it sells

1086
00:46:16,600 --> 00:46:18,560
Speaker 3: out right, you might even have to come back.

1087
00:46:18,600 --> 00:46:20,160
Speaker 4: It's just going to sell out and then you'll be

1088
00:46:20,560 --> 00:46:22,000
Speaker 4: you could be losing out the money if that person

1089
00:46:22,080 --> 00:46:22,960
Speaker 4: only came to that machine.

1090
00:46:23,000 --> 00:46:25,719
Speaker 3: If you get some peanut eminem's, they like, I don't

1091
00:46:25,719 --> 00:46:26,839
Speaker 3: want nothing in the type of thing.

1092
00:46:27,040 --> 00:46:29,560
Speaker 6: Are you moving into other things to put in a

1093
00:46:29,600 --> 00:46:30,080
Speaker 6: venting machine?

1094
00:46:30,120 --> 00:46:30,360
Speaker 1: Like it?

1095
00:46:30,560 --> 00:46:32,360
Speaker 6: Is there other items that you see in the future,

1096
00:46:32,400 --> 00:46:34,160
Speaker 6: like you know what, I might want to go that route.

1097
00:46:34,800 --> 00:46:36,920
Speaker 4: No, I like, I like keeping it traditional. But I

1098
00:46:37,000 --> 00:46:38,799
Speaker 4: do see you know, I'll see a lot of things.

1099
00:46:38,840 --> 00:46:41,120
Speaker 4: You know, I'll see people coming up with that's real creative.

1100
00:46:41,840 --> 00:46:44,400
Speaker 4: I see some celebrities coming out with different ideas. I

1101
00:46:44,480 --> 00:46:47,040
Speaker 4: know Calie Jenner just launched like a Vendom machine with

1102
00:46:47,440 --> 00:46:51,080
Speaker 4: one of them had the other one had like a

1103
00:46:51,360 --> 00:46:52,600
Speaker 4: her makeup line, which.

1104
00:46:52,480 --> 00:46:53,040
Speaker 3: I know is big.

1105
00:46:53,280 --> 00:46:55,440
Speaker 2: That's not a bad idea either, make up little stuff

1106
00:46:55,480 --> 00:46:58,000
Speaker 2: like that like chapstick and things like that where it's

1107
00:46:58,000 --> 00:46:59,680
Speaker 2: like you want to run. It's not a bad idea.

1108
00:46:59,680 --> 00:47:03,560
Speaker 2: But yeah, you're never gonna lose with beverages, especially beverages.

1109
00:47:03,600 --> 00:47:07,439
Speaker 2: People always drink stuff candy. It's kind of like it's

1110
00:47:07,600 --> 00:47:09,520
Speaker 2: like a no brainer in the words of Mike I'm

1111
00:47:09,520 --> 00:47:12,000
Speaker 2: gonna did it to Candy. Yeah, they always gonna be

1112
00:47:12,000 --> 00:47:12,840
Speaker 2: in business women.

1113
00:47:14,680 --> 00:47:19,479
Speaker 7: My graduates from my school being forced bad drop bag

1114
00:47:19,640 --> 00:47:23,040
Speaker 7: drop Mike, drop bad drop drops.

1115
00:47:33,840 --> 00:47:37,680
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