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Speaker 2: All right, So now we go to get into some details.
Speaker 2: So all right, So for vending machines, right, first question
Speaker 2: is how much does the vending machine costs?
Speaker 3: So it could range.
Speaker 4: So I mean the cheapest you're going to find it
Speaker 4: is always going to be somewhere run one thousand dollars
Speaker 4: if you're using a used machine versus if you're coming
Speaker 4: in with something new.
Speaker 3: You're looking at about five grand five grand for.
Speaker 4: A brand new one brand like brand new, team in
Speaker 4: the top of the line.
Speaker 5: Type of thing, new or used. I didn't even know
Speaker 5: that there were new use machines. How where do we
Speaker 5: even get this?
Speaker 3: Like?
Speaker 6: Where am I finding a new machine? Where do I go?
Speaker 4: So, I mean new machines you could get from like
Speaker 4: the man the manufacturers actually making like coke, PEPSI like
Speaker 4: those type of places you can buy and trade from them.
Speaker 5: Those are where the new machines come from. And we're
Speaker 5: talking about actual what I mean, there's different types. We're
Speaker 5: talking about food vending machines.
Speaker 4: So we're talking about soda snacks. They do have food,
Speaker 4: they have ice cream machines. There's a lot of different
Speaker 4: different types. So if you're talking about used machines, which
Speaker 4: is you know, I use use machines, and that's what
Speaker 4: I recommend everybody else use, mainly because it's easier to
Speaker 4: maintain and it's a lot more affordable.
Speaker 3: Like the price is nowhere close to you know, five
Speaker 3: thousand dollars.
Speaker 4: You can get a used machine for around nine hundred,
Speaker 4: which is what my first machine was. And you can
Speaker 4: find those on places such as like crackslists offer up Amazon,
Speaker 4: let go, it might be a little more Amazon. And
Speaker 4: then the only reason I wouldn't I would say not
Speaker 4: to get it off like a platform where it's like online,
Speaker 4: because I would recommend you checking the machine out first.
Speaker 3: You don't want to get it and get it in, get.
Speaker 4: It where you don't put it, and then it's not
Speaker 4: working right, and then you have to ship it back
Speaker 4: like that's a that's a long process.
Speaker 2: You said, let go, Yeah, what's what's that? So it's
Speaker 2: an app? It's a app.
Speaker 4: Yeah, so let go offer a Facebook market. But it
Speaker 4: just depends that. And another thing is it matters is
Speaker 4: how are you how are you trying to scale this?
Speaker 4: Do you wanted this to be on some side hustle
Speaker 4: passive income stuff or do you want to grow it
Speaker 4: into like a full time business, Because if you're just
Speaker 4: doing it as a side hustle just turned maxtual Baldom assign,
Speaker 4: you know, using those resources such as like you know
Speaker 4: Cress is fine, but if you really want to do
Speaker 4: it like for a time, you want to find like
Speaker 4: what I what I call vending warehouses. So a vending
Speaker 4: warehouse is just a vending company that is large enough
Speaker 4: to sell you vending machines. So that's kind of how
Speaker 4: we make our money. On the back end, I might
Speaker 4: have some machines setting around and then our cellos to
Speaker 4: anybody who's looking to buy it.
Speaker 2: Where do you find vending warehouses?
Speaker 3: So you would have to.
Speaker 4: Google vending machine companies in your area and then contact
Speaker 4: them and see if they say.
Speaker 2: It's all like regional. It's all regional.
Speaker 5: Yeah, after I order it, I'm thinking to myself, right
Speaker 5: now I'm ordering machine. Uh, probably need the location first, right,
Speaker 5: because they're going to send that to your house, right,
Speaker 5: So do they send it to What happens after.
Speaker 6: I order it?
Speaker 4: So you could you could pick it the machine up
Speaker 4: first for our I recommend to people always always always
Speaker 4: get the machine after you have the location, for multiple reasons.
Speaker 4: Because if you go out and you get excited, Okay,
Speaker 4: I'm going to vending thing. I see a cheap soda machine.
Speaker 4: This is a great deal.
Speaker 6: You buy it.
Speaker 4: Maybe you got it in your garage or something like that.
Speaker 4: You don't know what type of location you're gonna get first.
Speaker 4: So that means you don't know what that location is
Speaker 4: going to need. Maybe they already got a sort of machine, maybe.
Speaker 3: They need a slack machine. Maybe it won't fit right.
Speaker 4: And then that's another thing. You don't know what the
Speaker 4: measurements are for the space they have to put the machine.
Speaker 4: So it could be the machine you make you could
Speaker 4: have maybe too big, maybe it's too big to fit
Speaker 4: through the doorway. Maybe it's too big for the space
Speaker 4: that they actually want the machine. So it's always best
Speaker 4: to wait until you get that location you know, on paper,
Speaker 4: and then you go out and get your machine. But
Speaker 4: on the flip side, you also want to know your
Speaker 4: resources first, Like you want to know where you're getting
Speaker 4: that machine from prior to you know, finding your location.
Speaker 2: So like what what's some typical are they like typical
Speaker 2: profit margins? Like how much money can should a person
Speaker 2: expect to make off of like one machine?
Speaker 4: So an average a good a good location, Well you'll
Speaker 4: see around five hundred dollars for the foot per machine. Right,
Speaker 4: most locations have two machines, you know what I'm saying,
Speaker 4: unless it's like a combo if most of the time,
Speaker 4: if you'll find a combo machine, it's in a smaller
Speaker 4: in a smaller space because they can't fit two machines,
Speaker 4: or it's because maybe it's a slower that has slower traffic,
Speaker 4: lower traffic, and you don't want to put two machines
Speaker 4: in there, you know that type of situation. So like
Speaker 4: a thousand dollars, if you have two machines and one location, yeah,
Speaker 4: that's about that's right.
Speaker 5: When you have to find locations, you obviously looked at
Speaker 5: your life. You said, look, I played ball here, I'm
Speaker 5: gonna put one here. That's my high school, that's my barbershop.
Speaker 5: What does the average person have to do in terms
Speaker 5: of finding locations?
Speaker 4: So step one now, now to be honest with y'all,
Speaker 4: Like I had experience in like different marketing before beforehand,
Speaker 4: so I was already kind of seasoned season with UH
Speaker 4: networking and more and reaching people and calling all that
Speaker 4: type of stuff. The wholesaling I did do whole something,
Speaker 4: So yeah, so I use those same type of tactics
Speaker 4: to find locations, because it was I learned a lot
Speaker 4: from actually going out and trying to find properties, you
Speaker 4: know what I'm saying when I was doing the whole
Speaker 4: selling thing.
Speaker 3: So the first thing I did was network.
Speaker 4: So I reached out to everybody around me, all my friends,
Speaker 4: all my family members, let them know what I was doing.
Speaker 4: And this through doing that, it led me to having
Speaker 4: like my first few locations, you know what I'm saying.
Speaker 4: So that's how I ended up getting a school I
Speaker 4: do this name, which is my prior high school. I
Speaker 4: talked to them, you know, they let me place a
Speaker 4: vending machine in there, and it led me to you know,
Speaker 4: getting a few other spots.
Speaker 2: You know, I'm just thinking about it. A lot of
Speaker 2: places that yeah they have two vending machines, like a
Speaker 2: community center, a school. Yeah, you have two vending machines. Thought,
Speaker 2: I never thought about that before. I mean, or trying
Speaker 2: to cut you off. You can have two vending machines
Speaker 2: right next to each other, Like one is sodas and drinks,
Speaker 2: the other one is candies and chips and stuff.
Speaker 3: Yeah, they always like right next.
Speaker 2: To me, right next to each other. So that's not
Speaker 2: bad if you think about it, Like a thousand dollars,
Speaker 2: that's it's like you could be getting rental income easy,
Speaker 2: but it's a lot less overhead as far as buying
Speaker 2: a home.
Speaker 6: Yeah, So that was what I was gonna say two things.
Speaker 5: Well, first, when these big corporations, like if I see
Speaker 5: a Coca Cola machine, right, that's a vendor machine. Can
Speaker 5: I purchase that from it? Or is the corporation putting
Speaker 5: that in that location? Because you could have two vendom
Speaker 5: machines and then they have all coke products? Can you
Speaker 5: purchase that?
Speaker 3: Can you purchase it from from like Coca Cola?
Speaker 6: Is that like a thing? Can you get a vendom
Speaker 6: machine from a corporation.
Speaker 4: You're talking about as far as have if the machine
Speaker 4: is placed somewhere or if there is manufacturing the machines.
Speaker 5: Well, so I'm thinking in terms of I have my
Speaker 5: vendom machine, you right, I have two of them there,
Speaker 5: and then there's like a coke machine those coke products.
Speaker 6: Is that something like the average person can purchase or
Speaker 6: is just straight from the corporation?
Speaker 4: So so all right, so Coke does Coke actually places
Speaker 4: machines themselves. So but what they'll do is they don't
Speaker 4: they actually just will place the machine, right, But the
Speaker 4: thing is the person they would have to like charge
Speaker 4: a certain amount the products, so the products. Once you
Speaker 4: buy a certain amount of products from from Coke, they'll
Speaker 4: play they get you, they get a place of vending
Speaker 4: machine for free, so and then they'll service it or whatever.
Speaker 7: Like.
Speaker 4: So if you're talking about like if that machine is there,
Speaker 4: most more than likely your machine won't be there because
Speaker 4: they'll have some type of contract with Coca Cola and
Speaker 4: they're not gonna let nobody else in there.
Speaker 2: So as far as location, because I know you said
Speaker 2: that you had a couple of different keys, foot traffic, isolation,
Speaker 2: waiting rooms, so all of these different things. But before
Speaker 2: you even get to that, how do you approach somebody
Speaker 2: to put a vending machine in their place?
Speaker 5: Like?
Speaker 2: All right, so you you see a school, like, what's
Speaker 2: the process to say, Hey, can I put a vendo
Speaker 2: machine here? I talked to the principle, Yeah, how does
Speaker 2: that work?
Speaker 3: So that's that's a good question.
Speaker 4: Man. That's a lot of questions everybody asks us. But
Speaker 4: at all I really do is I'll approach whoever the
Speaker 4: receptionist is that that first point of contact, and I'll
Speaker 4: ask them who I need to speak to to place
Speaker 4: a machine here. So it's usually the person that everybody
Speaker 4: usually has a person who's in charge of doing business.
Speaker 4: So the high school as a you know, a business manager,
Speaker 4: I had to talk to them. So if you're if
Speaker 4: I'm going into a motel or something, most of the
Speaker 4: time they have a business managers, you talk to them.
Speaker 4: So it's just about asking that first point of contact.
Speaker 4: Get you know, obviously if you can find a manager
Speaker 4: or something like that, reach you, you could reach and
Speaker 4: but then ask that person, who's the person who's that
Speaker 4: I have to talk to?
Speaker 3: That actually makes the decision.
Speaker 5: So once you get in the high school, you get
Speaker 5: into the recreation center, is there a fee that you
Speaker 5: have to pay for being there or it is just
Speaker 5: part of the profit margin you have to give to
Speaker 5: the places?
Speaker 6: Like how's that work?
Speaker 4: So it's all about from my experience, it's all about
Speaker 4: how you get that how you get that spot. So
Speaker 4: if you have you have different resources you're using to
Speaker 4: get locations. Right, If one thing that you could do
Speaker 4: is you out, you go out yourself and you actually
Speaker 4: look for locations, like you know, when we talk about
Speaker 4: the whole other thing, it's called like driving for dollars,
Speaker 4: Like you're he of that term, right, So that's a
Speaker 4: method you go out driving around. I actually found the
Speaker 4: laundrymat the other day just driving around. I wasn't even
Speaker 4: looking for it, but I just happened to see it,
Speaker 4: and actually I'll put it on Instagram. So I put
Speaker 4: it on a live just to show people like this
Speaker 4: is like, you know, how easy it is to find
Speaker 4: something and if you're paying attention to what's around you.
Speaker 4: So that's one method. And another method is like cold calling,
Speaker 4: which is you just make a list of multiple places
Speaker 4: and that that may be suitable for a vending machine
Speaker 4: in your area that you're looking at place one like
Speaker 4: using zip codes or whatever, and you know, and you
Speaker 4: just call them if you're doing that method. Most of
Speaker 4: the time I found when you found it like a
Speaker 4: location like that, they ask for a commission because you're
Speaker 4: asking to come into their space and do business like
Speaker 4: you're asking for something from them right now. On the
Speaker 4: flip side, you get a website right the top, the
Speaker 4: most the top that the most common thing people do
Speaker 4: is when they're looking for vending services. If you know,
Speaker 4: you're just opened up your store, your business or whatever
Speaker 4: it may be, it's Google, so they go right to
Speaker 4: Google vendom Machine service and Philadelphia my joone is like
Speaker 4: one of the top ones on there. So you click
Speaker 4: on that, they they call you, They contact you, and
Speaker 4: then they're going to ask you to place a vending
Speaker 4: machine in their place of business. So most not in
Speaker 4: that scenario. Most of the time they don't ask you
Speaker 4: for a commission because they just want your service. They
Speaker 4: want your service for their customers or for their employees
Speaker 4: off for whatever reason.
Speaker 3: It's just like, yoah, we just want your service. We're
Speaker 3: not worried about commission.
Speaker 2: So if you approach them, you got to pay them
Speaker 2: most of the time. If they approach you, you don't
Speaker 2: have to.
Speaker 3: Pay most of the time most of the time. That's
Speaker 3: how that goes.
Speaker 4: That also depends on what type of place it is,
Speaker 4: you know, because if you're dealing with like recreation centers
Speaker 4: and schools, a lot of times those those facilities are
Speaker 4: are like the prob the funds already, so they always
Speaker 4: looking for different ways to supplement, you know, some income.
Speaker 3: So they're going to bring that up.
Speaker 2: So what kind of commission is fair? Like if somebody
Speaker 2: I'll let you they had but heres, you gotta give
Speaker 2: me twenty percent temper, Like, what's a fair amount that
Speaker 2: a fear amount.
Speaker 3: Really depends on the traffic and that location.
Speaker 4: But you typically it's around ten percent, Yeah, ten percent
Speaker 4: is like it's like a fear amount most of the
Speaker 4: time if it's a good location.
Speaker 6: So you you sit down, you say that we can
Speaker 6: have the vending machine here. What we do next? Are
Speaker 6: we jowing up a contract?
Speaker 2: Right?
Speaker 4: So at the point where they give me the person
Speaker 4: of contact and they said they're interested and they I'll
Speaker 4: schedule a meeting with them, so we're sit down like
Speaker 4: we're talking. Now, I'll have a proposal, which is something
Speaker 4: I came up with this from doing the meetings, and
Speaker 4: it's all the information is in the proposal, which just
Speaker 4: cuts down the meeting time.
Speaker 3: So you know, in there is this about your business,
Speaker 3: a little bit about yourself.
Speaker 4: You want to put the products that you use, what
Speaker 4: makes you different than other companies, your price points for
Speaker 4: your products. Just present all that to them and then
Speaker 4: you know, if they like that, then I also have
Speaker 4: the contract there, so and if they're good with the contract,
Speaker 4: you know we signed it right there. Do the deal
Speaker 4: right there. Now, Sometimes it doesn't go that way. Sometimes
Speaker 4: they might want certain contingencies or whatever in the contract.
Speaker 4: So if they want that and you you asked, you
Speaker 4: have you know, obviously you have to go back and
Speaker 4: draw up a new contract. And get them to sign
Speaker 4: that one.
Speaker 5: Yeah, I'm thinking of like the school, right, so I'm
Speaker 5: thinking like one of the contendencies they may have is
Speaker 5: like you can't certain a certain amount of sugar.
Speaker 4: Yeah exactly, its certain certain products. And then it's like
Speaker 4: some people will want your actual service hours in there,
Speaker 4: or they'll want like if basically like if if something
Speaker 4: goes wrong, you have to repair it by all this
Speaker 4: amount of time type of thing like, so that stuff
Speaker 4: is usually people usually tweak, but for the most part,
Speaker 4: they did go about what's on the paper.
Speaker 2: So okay, So as far as let's go back to location.
Speaker 2: So like you said, you said foot traffic, accessibility, isolation,
Speaker 2: and waiting rooms, those are like your four golden rules, right, oh, the.
Speaker 4: One second toe. And then for the commission that I
Speaker 4: never bring up commission. So never never sit down with
Speaker 4: a location and say, all right, well this is the
Speaker 4: out that we're paying commission. If they don't mention it,
Speaker 4: oh yeah, no, no, no. Some people think that that's
Speaker 4: like the pitching like point is like we can pay
Speaker 4: you this much in commission, don't mention.
Speaker 2: That, because it's not that that's a good that's a
Speaker 2: good point because you might automatically assume that you have
Speaker 2: to pay because you're you're in their space. But like
Speaker 2: you said, it's kind of like an attraction where it's like,
Speaker 2: like my son goes to camp. Every time I pick
Speaker 2: him out, he's like, can you give me something on
Speaker 2: the vending machine. So it's like, you know what I'm saying,
Speaker 2: It's like the vending machine is actually helping in that
Speaker 2: situation because it's like people something you might just walk
Speaker 2: into a space just to use the vending machine.
Speaker 5: Right, So that I'm now I'm thinking about from the
Speaker 5: business standpoint, Having a school during the year is great.
Speaker 3: Having a recreation center during the summer gold month all
Speaker 3: kids want, well, no recreations.
Speaker 4: Recreation centers doing the school year are good too because
Speaker 4: they have different programs and they have basketball games and stuff.
Speaker 2: Yeah. So all right, so location, location, location is the
Speaker 2: most important thing in real estate period. And I guess
Speaker 2: it's no different from vending machine either. Right, you got
Speaker 2: the best vending You could be giving away gold bars
Speaker 2: if it's in the desert, didn't matter. So how do
Speaker 2: you know what's a good look? I mean, obviously, well
Speaker 2: I ala say, obviously, how do you know what's a
Speaker 2: good location or not.
Speaker 4: So I mean from what you just basically what you
Speaker 4: just mentioned, but I picked them up as time went on,
Speaker 4: just noticing different things. So when I'm walking into a location,
Speaker 4: I go with a checklist. I don't really use it
Speaker 4: anymore because I kind of like know now, but it's
Speaker 4: best to have a checklist and use this.
Speaker 3: And this is what you want to look for.
Speaker 4: So you want to look for when you pull up
Speaker 4: to the space, is it any stores around that building?
Speaker 4: So when I say isolation, that that's what I'm talking about.
Speaker 4: So I'll take a lap of two laps around. See
Speaker 4: I'm looking for corner stores. I'm looking at this for
Speaker 4: other places.
Speaker 3: To eat, all right.
Speaker 4: So if if I don't see no other places to eat,
Speaker 4: I'm like, okay, so that's that's a good sign.
Speaker 2: Right.
Speaker 4: And then when I walk in the door, I'm looking
Speaker 4: in terms of moving I'm looking for steps and all
Speaker 4: that type of stuff because you have to move the
Speaker 4: machine in there. When it terms of what makes it
Speaker 4: a good location, I'm I'm looking to see where the
Speaker 4: machine will be placed, all right. So I'm like, all right, well,
Speaker 4: is it placed somewhere where it's visible and people could
Speaker 4: see it? Because I had one situation where I had
Speaker 4: a it was a hotel, wanted me to put a
Speaker 4: machine in there, but they wanted a machine like in
Speaker 4: the in the back way in the back where nobody
Speaker 4: would see it. And on the flip side, it had
Speaker 4: a gas station right next door. So when I was watching,
Speaker 4: I'm watching people come in and they just making the
Speaker 4: left turn right out or right to the gas station.
Speaker 3: I'm like, the gas station is the place now that
Speaker 3: they're gonna get.
Speaker 4: They see the gas station because it's right because it
Speaker 4: was a big glass you know door obviously, and it's
Speaker 4: right there. Versus if that machine was placing in the lobby,
Speaker 4: they just would have used the machine. Then nobody wants
Speaker 4: to walk all to me over there if you ain't
Speaker 4: got too only in the next show, right, So so
Speaker 4: you know that's that's real iportant. It's important is is
Speaker 4: it being visible and it being accessible to everyone? So
Speaker 4: if everybody can use it, if it's visible, that that's
Speaker 4: a good sign. Another thing I'm looking for is hours
Speaker 4: of operation. So how long is this place open? Like
Speaker 4: you said night shift? Some places open twenty four hours, right,
Speaker 4: That gives you more selves versus it only being open
Speaker 4: for nine to five, Like, so that's another that's another
Speaker 4: cafeteria clothes now.
Speaker 3: Right, So.
Speaker 4: And then probably the last thing I'm looking for is
Speaker 4: foot traffic, right, which is one of this is the
Speaker 4: most important thing.
Speaker 3: You want to see.
Speaker 4: How many employees they got, how many people are visiting
Speaker 4: this place, how many people are in and out coming
Speaker 4: past this machine.
Speaker 5: Yeah, one of the things you said, And as you
Speaker 5: said it, I was like, wow, that's brilliant. Places that
Speaker 5: have ideal time where people are just waiting. So I
Speaker 5: would say that hospital, But when you just said laundry, Matt,
Speaker 5: I'm thinking like, oh my gosh, yeah, like people are
Speaker 5: sitting in there all day watching machines.
Speaker 2: Though, No, laundry mats are big. Schools are big. Recreation
Speaker 2: centers are big. Hospital is a.
Speaker 3: Big, huge, and that's the number one.
Speaker 2: Office buildings are big. Dorms dorms, college dorms. College dorms
Speaker 2: are big. Yeah, yeah yeah.
Speaker 3: And give give an example is Temple. We have a
Speaker 3: Temple dorm.
Speaker 4: God was doing business with that location that was around
Speaker 4: thirty five hundred a month.
Speaker 2: How many machine how many machines?
Speaker 6: Who machines?
Speaker 2: You know what I mean?
Speaker 6: Cosge kids don't have a lot of money and they
Speaker 6: don't have the transportation. So if you put the vend machine.
Speaker 2: And that's that's you, that's your machines.
Speaker 3: This these to those two are mind it's the guy. Actually,
Speaker 3: I know we were talking a little camera.
Speaker 4: So another guy, one of my first my first mentee,
Speaker 4: I helped him find a spot and that was the
Speaker 4: spot that we got.
Speaker 2: Yeah, thirty five hundred. That's that's the bread.
Speaker 4: Two machines to two machines, thirty five and then on
Speaker 4: top of that, since that building is to build the
Speaker 4: way built, it could be more machines placed in there.
Speaker 3: And you said, there's a difference in what I mean.
Speaker 5: The older machines don't have something that's very important that
Speaker 5: you said, and that's the card readers, right, because now
Speaker 5: a lot of people don't have cash, but they do
Speaker 5: have cars to use.
Speaker 4: So what we do is we'll take the older machines
Speaker 4: and add upgrades. So we might change the door. We
Speaker 4: might use what we call like the lead lighting, so
Speaker 4: you know the little light strips. Put that in the
Speaker 4: door makes it a little brighter. Yeah, and we can
Speaker 4: add to car readers, but we would just have to
Speaker 4: change what's in there. It's called the circuit board. Okay,
Speaker 4: expensive circuit board cross about two hundred dollars. Car readers
Speaker 4: are about four hundred, so you're looking at to use
Speaker 4: that as about additional six hundred dollars. But on the
Speaker 4: flip side, those usually increase yourselves by at least thirty
Speaker 4: forty percent, Like, so you know it's worth for actually
Speaker 4: getting those on there if you know you planning on
Speaker 4: doing it on a serious note.
Speaker 2: So, okay, so as far as installation, right, how do
Speaker 2: you know which products to put? So you're just buying
Speaker 2: a machine, and you can put anything in the machine, correct,
Speaker 2: anything you want? How do you know which products do
Speaker 2: you do?
Speaker 5: Like?
Speaker 2: Okay, I like three those? So like how do you
Speaker 2: how do you know like which is a good product?
Speaker 4: Way, that's as asking the question, because all right, So
Speaker 4: my first location that I got when I when I
Speaker 4: said it was only doing only a few a few
Speaker 4: dollars or whatever I was putting in there when I like,
Speaker 4: so I had what I like, I'm walking through Sam's
Speaker 4: cub like okay, this is good, this is good.
Speaker 3: But after a while it was like, no, you you
Speaker 3: have to put in what they want.
Speaker 4: So what I like to do is in my first
Speaker 4: if it's an office building or something like that, I'll
Speaker 4: use a newsletter and outside the newsletter introducing my services,
Speaker 4: and I'll give them an opportunity to put to tell
Speaker 4: me what they want in the machine. That's like step one.
Speaker 4: Other than that, it really comes down to demographics like this,
Speaker 4: certain certain demographics certain to go avocado closing. The certain
Speaker 4: groups of people like like like certain things. So from
Speaker 4: my experience, I know if I'm dealing with a mostly
Speaker 4: like Carcasian group, they tend to like more of like
Speaker 4: the plane chips and like for like it for the
Speaker 4: Plaine tips, where though if it might be more like,
Speaker 4: you know, the flavorful barbecue type. Yeah, man, it just depends.
Speaker 3: It depends what you're at.
Speaker 4: But it's it's definitely dust to always let the people
Speaker 4: tell you what they want and the inventory you're actually
Speaker 4: going to get.
Speaker 3: Right, So, like you will go into these warehouses market.
Speaker 2: I go to.
Speaker 4: I go to Sam's Club, so I go to most
Speaker 4: mostly shop at Sam's Club, but I do have a
Speaker 4: warehouse that I go to to get products. Now, the
Speaker 4: thing with Sam's Club is it's good if you're just
Speaker 4: doing it like small scale, but if you're buying like
Speaker 4: variety boxes and chips and whatnot. They're going to put
Speaker 4: a few, they're going to put the good tips in there.
Speaker 4: Then they're going to put like a they always do
Speaker 4: that selection and that right, and that's the way that's
Speaker 4: not going to sell. So when you're doing that on
Speaker 4: a larger scale, you have to keep buying those boxes
Speaker 4: and boxes. It's like, well, that's not that's that's losing
Speaker 4: making me lose money. So when you get to a
Speaker 4: certain point, you could just cut that out and then
Speaker 4: if you go find a source.
Speaker 3: You have to find a source.
Speaker 4: You could just get the straight fire products, but if
Speaker 4: you have to buy in a larger quantity, So that
Speaker 4: box of Sam's Club comes in a box of thirty
Speaker 4: most of the time, whereas though if I buy that
Speaker 4: in the larger quantity, I got about sixty four boxes,
Speaker 4: sixty four all one selection, which is going to cost
Speaker 4: you more money because now you have to put that
Speaker 4: that that variety box on it's gonna take about four
Speaker 4: or five roads because it's different chips in there versus
Speaker 4: it just being one whole box and one product that's
Speaker 4: only one rower a product.
Speaker 3: How often are you changing the machines weekly, weekly, weekly.
Speaker 4: Yeah, so if I mean, if you're doing it more
Speaker 4: than more than once a week, you probably need a
Speaker 4: bigger machine. If you're if you're not doing it once
Speaker 4: a week, you probably need a smaller machine.
Speaker 2: And like, so, how do you know what to charge?
Speaker 2: Because you can charge anything. I just found that out.
Speaker 2: You can chuch anything on the prices.
Speaker 4: Yeah, you set you set all your own prices. And
Speaker 4: once again, it just comes down to demographics. It comes
Speaker 4: down to the region, the area you you actually you
Speaker 4: know working in I.
Speaker 3: Know, earners. What's up?
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Speaker 4: We're over here in New York, My candy bars are
Speaker 4: going to be about two dollars, Like what if I'm
Speaker 4: in Philly. Over there, it's going to be about one
Speaker 4: twenty five. But the main thing I'm looking at is
Speaker 4: I'm looking at my internal investment.
Speaker 3: Like MYRRI ORR.
Speaker 4: Yeah, So I'm like, if I'm spending X amount, I
Speaker 4: want to at least double that. So at minimum, I'm
Speaker 4: double when I'm paying for the products. But I'm actually, well,
Speaker 4: I always try to reach like the triple. I tried to,
Speaker 4: you know, get the three hundred percent mark what I'm
Speaker 4: actually paying back, what I'm actually paying for the product.
Speaker 3: So whatever I'm investing, I'm trying at.
Speaker 2: Least if I buy a candy bar for a dollar,
Speaker 2: I need to I need to charge three dollars. And
Speaker 2: the vending machine just using that as like an exact Ye,
Speaker 2: obviously you're not gonna charge three dollars for candy bar,
Speaker 2: but I'm just saying.
Speaker 6: They did that at my job.
Speaker 5: Like I went to the vendor machine and the sixty
Speaker 5: five cent bag of chips is now five dollars?
Speaker 2: Is it really five dollars?
Speaker 6: Say the picture?
Speaker 2: I was like, no, this is a job impossible.
Speaker 5: I'm gonna say the picture it was ridiculous. I'm like, wait, impossible,
Speaker 5: I've seen the picture, no joke. I'm like, this is ridiculabs.
Speaker 2: What kind of chips are the souths It goes no
Speaker 2: sound chips.
Speaker 6: How big is the bag of chip?
Speaker 3: It's the sisty like the normal sixty five cent bag.
Speaker 2: No, it's impossible.
Speaker 3: It was like the two ounce bag. It's like one
Speaker 3: point seven.
Speaker 6: So I will send out the picture.
Speaker 2: No, it's impossible.
Speaker 3: That's crazy. But they do, you know, people do do that.
Speaker 3: I mean, now, I've never seen five dollars I see.
Speaker 2: It's like an airport.
Speaker 4: Located like the airport or like the hotels, you could
Speaker 4: really charge.
Speaker 2: More foret Vendom machines and the airport. That's that's where
Speaker 2: you make money. Airport prices is just ridiculous just because
Speaker 2: it's airport.
Speaker 3: Because now they got the Vendom machines that sell electronics.
Speaker 4: So that's that's another thing I wanted to touch on too,
Speaker 4: is like you could think outside of the box and
Speaker 4: get creative.
Speaker 3: You could sell anything out of the machine. You can
Speaker 3: sell electronics.
Speaker 2: Uh.
Speaker 4: Somebody I found online was selling knickknacks out of them
Speaker 4: in the in the airport and she was making eight thousand.
Speaker 3: Dollars a year.
Speaker 2: What what what's a knickknack?
Speaker 4: So like the stuff that you know you might get
Speaker 4: while you're in that city or whatever. Like there was
Speaker 4: those little whatever, like the.
Speaker 2: Little trunkeets and like little Welcome to l A I
Speaker 2: love New York charms.
Speaker 3: And stuff like that.
Speaker 4: And she had like bought up T shirts in there,
Speaker 4: like you know, making making good money, like just taking
Speaker 4: outside the box.
Speaker 3: I also see.
Speaker 6: Nobody one but you put two thousand trying to do
Speaker 6: it every time.
Speaker 4: Right, Like so it's just a lot of different things
Speaker 4: you could you could put in there if you could
Speaker 4: really like get creative with it.
Speaker 6: What's the craziest one you've seen?
Speaker 3: Craziest one?
Speaker 2: Do you have one on your page when Dubai and
Speaker 2: they have gold bars?
Speaker 3: Yeah? I never seen that one though, but yeah I've seen.
Speaker 2: Yeah, yeah yeah gold bars. You can buy go bars
Speaker 2: for pieces of gold.
Speaker 3: I don't know why you want to buy it, but
Speaker 3: you know that's just everything.
Speaker 6: Let's go to the Vanda machine and get some gold.
Speaker 4: Yeah yeah, but you know it's a lot of it's
Speaker 4: a lot of crazy ones out there, man. I've seen
Speaker 4: something where you selling water. I've seen pizza is a
Speaker 4: piece of that.
Speaker 5: There was there was an article about that they're putting
Speaker 5: that on college campuses where it makes the pizza in
Speaker 5: like ninety seconds.
Speaker 6: Or something.
Speaker 4: They had a planing d machine on college campus another
Speaker 4: college campus.
Speaker 3: And it's actually not for me.
Speaker 2: Well, that's actually, honestly, honestly contraception machine. No, that's not
Speaker 2: a bad idea. Now, that's the contraception machines are not
Speaker 2: a bad idea. You have condoms.
Speaker 5: They used to put them in a bathroom. Remember you
Speaker 5: used to put a quarter and then you don't remember, No,
Speaker 5: I haven't seen it. Hosts like you put a cord
Speaker 5: in and get a contraception.
Speaker 2: That wow, yeah, that is that even legal?
Speaker 3: I know, I know they got him out there like
Speaker 3: the like here weave and eyelashes.
Speaker 2: So you know what, what about medical marijuana? Marijuana period?
Speaker 6: That too?
Speaker 3: They got those out in California, they got the America.
Speaker 4: So I'm not exactly sure how those operate because you
Speaker 4: know that's that's regulated. So you need I D and
Speaker 4: whatnot security that machine probably, Yeah, that's a little different,
Speaker 4: but they do have dudes out there.
Speaker 5: What about vandalism, Like, if somebody destroys your machine, how
Speaker 5: does that you have insurance on it?
Speaker 6: Yeah?
Speaker 3: I haven't.
Speaker 4: I had that happen before once. But yeah, so basically,
Speaker 4: if somebody destroys it, messes up. You just if you
Speaker 4: got insurance on it, then you cover.
Speaker 3: If not, you know, you can go through any insurance company.
Speaker 3: Got close State Farm and literally.
Speaker 4: I'm not sure if it's any I know State Farm
Speaker 4: is one, but it's this regular regular insurance companies covered.
Speaker 6: Is it crazy?
Speaker 3: No, it's not price at all. It's not price at all.
Speaker 2: You would recommend always having that, I would record.
Speaker 4: I would definitely recommend having insurance. But the thing is
Speaker 4: when you actually go through the process, but picking out
Speaker 4: a good location, if you're meeting the criteria, it's hard
Speaker 4: to do vandalism because if the machine is somewhere open
Speaker 4: and somewhere is you know, it's if it's in that
Speaker 4: and if a place is always you know, has long hours,
Speaker 4: most of some of their security, and mostly nine times
Speaker 4: out of ten that's that been the machine is somewhere
Speaker 4: near that security, like wherever it's sitting at in the
Speaker 4: lobby somewhere, so it's always gonna be somewhere where people
Speaker 4: where people see it. And like it's always if it's
Speaker 4: foot traffic, it's gonna be. If it's good foot traffic,
Speaker 4: then people are always going to be around. So it's
Speaker 4: hard to vandalyze.
Speaker 2: Yeah, you know machines or some place with cameras like
Speaker 2: a school or community center.
Speaker 6: Mins.
Speaker 4: Minds happened more so when I had it in that motel,
Speaker 4: were talking when it's shut down. It was like when
Speaker 4: I went back there, it.
Speaker 2: Was over what's the what's the life span of a machine?
Speaker 3: That's a great question.
Speaker 4: I mean, I have some machines I haven't had any
Speaker 4: issues with, like since I had and some of them
Speaker 4: you get it's just like problems I had woman machine
Speaker 4: in particular, that's it's always giving me a problem.
Speaker 3: I actually switched it out recently.
Speaker 6: What type of problems? Like the mechanical doesn't dispense the merchandise.
Speaker 4: No, So a Bendom machine really is only about it's
Speaker 4: about three parts. You got your your bill accepted. A
Speaker 4: lot of people think like, oh what about that's that's
Speaker 4: one of the questions. I get a lot too. What
Speaker 4: about the cost of maintenance. I don't really mainten The
Speaker 4: cost of maintenance isn't high at all. Like it's really
Speaker 4: like it's rare that something goes wrong with those machines.
Speaker 4: But you got your bill acceptor your coin mechanism which
Speaker 4: is where you put the coins in and then you
Speaker 4: have your your board.
Speaker 3: So your board is like the thing everything.
Speaker 5: Is connected to the press east four No, but yeah, basically,
Speaker 5: but that that runs to a little board that's inside
Speaker 5: of the machine, right, And those are the main three
Speaker 5: parts that the coils and stuff don't really that.
Speaker 4: Those are run by little motors, but those don't really
Speaker 4: go bad. Those are typically okay with the with the
Speaker 4: The thing that gets the most used is the bill
Speaker 4: accepted because people are always putting the bills in there
Speaker 4: or whatever. I probably switched that out probably ever, like
Speaker 4: maybe like two years or something. But if you're if
Speaker 4: you're taking care of the right way, you're gonna have
Speaker 4: to do that. I'm bad at that part, but you
Speaker 4: know you could have. You could order a thing off Amazon.
Speaker 4: It's like a little sticky It looks like a sticky card.
Speaker 4: You put it in there and then pull it out
Speaker 4: and it pulls all the dirt and stuff out of
Speaker 4: the the bullet accept that, which helps it keeps it
Speaker 4: clean because what's in there is it's a reader. So
Speaker 4: once that reader gets to like dirty or too like
Speaker 4: you know, beat up, it doesn't work anymore.
Speaker 2: So how do you all?
Speaker 7: Right?
Speaker 2: So the money you collect just you know you're going in.
Speaker 2: But like the credit card that gets goals in that
Speaker 2: process and that goes like directly to like a PayPal.
Speaker 3: Account, it goes directly to the bank account, the.
Speaker 2: Bank account.
Speaker 3: Right in, but it goes it doesn't go right in,
Speaker 3: it goes to.
Speaker 4: That that service. It goes to that provider's account. Then
Speaker 4: they have a payout and then they put similar to
Speaker 4: what you.
Speaker 3: Would use like what I can shop.
Speaker 4: Yeah, like shoot your payout date and then on those
Speaker 4: dates you get paid out for whatever card read of
Speaker 4: seals that you had.
Speaker 6: What about the process of buying and selling routes. I
Speaker 6: know sometimes you said that if there is a.
Speaker 5: Slow time, you might want to sell that machine or
Speaker 5: sell that route, and talk about that a little bit.
Speaker 4: Yeah, So I mean in the business, you know, obviously
Speaker 4: the bulk, the bulk of your money is going to
Speaker 4: come from you selling products out of your machine. But
Speaker 4: it's also other ways to make money once you get going,
Speaker 4: of which one of the best ways is, like you
Speaker 4: just said, buying and selling routes. So I might like
Speaker 4: for the perfect the perfect scenario or the best scenario
Speaker 4: I had with buying, buying a route, and selling it
Speaker 4: was I brought a route for thirty five hundred. Now,
Speaker 4: originally the guy was trying to charge me like seven
Speaker 4: thousand forward or something like that. I was like, no,
Speaker 4: I'm okay, I'm not even really desperately, I'm not really
Speaker 4: looking for anything.
Speaker 3: But you know, he couldn't sell it. So he came
Speaker 3: back to me. He was like, you know, I still
Speaker 3: got this route. I'll give it to you for thirty five.
Speaker 3: And I'm like, okay. So I'm looking at it.
Speaker 4: It's six it's six Vendom machines, and it's three locations.
Speaker 4: So I'm like, man's that's that's like a giveaway.
Speaker 3: I'm like, okay, I'll take it for thirty five.
Speaker 2: So I brought it.
Speaker 3: I checked out the locations.
Speaker 4: Two of the locations I didn't I didn't like, so
Speaker 4: I'm like, okay, this location is bad, but it was
Speaker 4: good machines in there.
Speaker 3: The other location was bad. One location was good.
Speaker 4: So what I did was I kept a good location
Speaker 4: and I sold the other two locations for thirty five apiece.
Speaker 4: So I ended up making a profit of seven thousand
Speaker 4: off of that situation. So that's just another way to
Speaker 4: make money on the back. And so if you're into.
Speaker 3: Buying routes, you could just buy a route out. Maybe
Speaker 3: you could you.
Speaker 4: Could keep the machines, you know, sell the machines, or
Speaker 4: you could just try to sell the machine on location,
Speaker 4: which is easier to sell them if they already placed
Speaker 4: like that that takes work off of the next man.
Speaker 2: Is any way to get a machine for free, like
Speaker 2: financing or pay it back on the back end through
Speaker 2: money that you make and future or no.
Speaker 3: It's a great question.
Speaker 4: So you can rent machines from the same type of
Speaker 4: people that I talked about before, as far as like
Speaker 4: with the if you're going through a vending warehouse, they
Speaker 4: do allow you to VNT machines. Sometimes if you look
Speaker 4: online you can find some people that rent machines as well.
Speaker 3: I don't really.
Speaker 4: Suggest doing it because it gives you like an overhead,
Speaker 4: you know, well, you know, if that's your way in,
Speaker 4: and that's your way you you know what I'm saying.
Speaker 2: But you can also.
Speaker 4: Once once you get to a certain point in the business,
Speaker 4: like like I mentioned before with Coca Cola and Pepsi
Speaker 4: with one of the one of the programs that they
Speaker 4: have is once you buy a certain amount of their product,
Speaker 4: they give you machines, so but.
Speaker 3: It has to be on contract.
Speaker 2: So can you say, like buy their products, like you're
Speaker 2: putting their sodas in your machines. So they got like
Speaker 2: ten thousand dollars worth of coke.
Speaker 4: It's not ten thousand dollars, but it's like it's definitely
Speaker 4: a good amount, and you have to buy. You have
Speaker 4: to you're committed to buying that amount at least at
Speaker 4: minimum every month. But they'll give you the vending machine
Speaker 4: for free because obviously it's helping them, it's helping you
Speaker 4: move that product, you know. But that's the way to
Speaker 4: get through vendom machines too, But that's not you probably
Speaker 4: won't do that until, like you know later.
Speaker 6: That about the the contracts, what are the typical links
Speaker 6: of the contract? Is it like six months? Is the year?
Speaker 3: About two years? I do two years two year contract? Yeah,
Speaker 3: two two year increments.
Speaker 2: So all right, Well that was a lot of information
Speaker 2: for sure. So in the next second, we're gonna bring
Speaker 2: you home, all right, so we're gonna close it out.
Speaker 2: But before I got I got a few questions. So
Speaker 2: all right, especially in schools with kids and stuff like that,
Speaker 2: what's your thoughts on because it's childhood. PCD is a
Speaker 2: big thing. So what's your thoughts on like junk food,
Speaker 2: because you can have healthy stuff in there as well.
Speaker 2: Obviously it's not as popular. Do you ever think about
Speaker 2: that or Yeah.
Speaker 4: That's something that actually comes up a lot of times
Speaker 4: in the meetings when I'm talking to like the potential locations,
Speaker 4: so they you know, they always want the healthy selections,
Speaker 4: which I'm big on healthy selections anyway.
Speaker 3: Definitely want to get people with choice.
Speaker 2: So I like to put.
Speaker 4: Half traditional and then I'll put half healthy. I try
Speaker 4: the whole health thing. One didn't go that well, so
Speaker 4: I definitely do. I do like like some of my
Speaker 4: most of the time of Vendom machine will have multiple
Speaker 4: rolls of like two roaster chips, two roaster snacks, and
Speaker 4: then you have your candy roll whatever.
Speaker 3: So on my top one, I'll make half.
Speaker 4: Of that like big or something like you know, like
Speaker 4: a power bar something like that, not not not for
Speaker 4: the chips, but like this like something big, and then
Speaker 4: once we get to like the snack and the candy roll,
Speaker 4: I'll just make sure it's like some healthy stuff like
Speaker 4: trail mix or be like a power bar. So just
Speaker 4: something something that's you know, it'd be good for something
Speaker 4: somebody grab quick that's still healthy for you.
Speaker 5: And depending on where you're at right like that, you
Speaker 5: have to take that into account as far as inventory,
Speaker 5: because like you said, Philly got the sugar tax, right,
Speaker 5: so when buying stuff, you got to take that into accounts.
Speaker 4: And we also have also have an old people's home,
Speaker 4: so you know in there, I can't put a lot
Speaker 4: of sugar stuff. So it really just depends on where
Speaker 4: you're putting that machine at, but it definitely, it'll definitely
Speaker 4: always comes up in the conversation when you're placing the machine.
Speaker 4: Is having healthy selections. Everybody, everybody wants healthy selections, and
Speaker 4: I think that's more so a big wave now, yeah,
Speaker 4: in the direction that we're doing as a as a
Speaker 4: you know country as a country is getting more healthy
Speaker 4: stuff out there.
Speaker 2: So you know, yeah, you are the.
Speaker 6: Food source for a lot of us, Like we don't
Speaker 6: have a lot of us don't have time to go
Speaker 6: out for lunch.
Speaker 4: It's like, let me just got something quick, right, and
Speaker 4: you want to make sure they get out the choice
Speaker 4: to get something healthy versus having to get something you
Speaker 4: know it's not.
Speaker 2: Good for you. So like ramen, noodles and stuff like that.
Speaker 2: I've seen that in there. I had those in there,
Speaker 2: So like what's the what's what's your sweet spot? Like
Speaker 2: you said, you don't like perishable goods for obvious reasons
Speaker 2: because they expire. Just can't they expire?
Speaker 6: Yes, it has an expision.
Speaker 4: It's a long one though, yeah, a long like a
Speaker 4: long time all right, It takes a while, but it
Speaker 4: really it depends on the conditions, like your temperature and
Speaker 4: all that. So if you in the summertime, snickers bar
Speaker 4: in the sun ain't gonna last long because it once
Speaker 4: it wants to sets most of the time. When it
Speaker 4: resets into being like the regular form, it's like like
Speaker 4: not really molded, but it's just like this colored and
Speaker 4: it doesn't look at peeling for people to eat.
Speaker 3: They're not gonna eat.
Speaker 2: It, So you try to have your but it's always
Speaker 2: inside though, right, try like air conditioned.
Speaker 4: Most of the times it's But I'm also talking about
Speaker 4: like storage, so that's where you're storing your too.
Speaker 2: I never thought about that. You gotta store. Do you
Speaker 2: store it or do you just do you just buy
Speaker 2: it as you go?
Speaker 3: I stored, but when I first started out just buying as.
Speaker 6: I go, So your your liver was full of boxes,
Speaker 6: you know, so I got a Halloween I.
Speaker 4: Gotta spot in my career, WI like something similarly like
Speaker 4: this area here, but like a little smaller. That whole
Speaker 4: area was filled with snatch. But you know, if you
Speaker 4: buy it that you go, it's a little easier. But
Speaker 4: once you get it down to a science. So the
Speaker 4: thing about buying that you go with you gotta take
Speaker 4: trips to the store every week. Like so you really
Speaker 4: want to figure out how much you need, so you
Speaker 4: could just buy your month's worth and then have it
Speaker 4: just sitting over there in the corner.
Speaker 3: So all you gotta do is grab the stuff and
Speaker 3: go fill up the machine versus multip making multiple with trips.
Speaker 5: So a full time day is like all right, I'm
Speaker 5: gonna schedule. I'm gonna go to this location to refill,
Speaker 5: this location to refilled.
Speaker 4: Yeah, so it's like all right, so I'll do my
Speaker 4: day before our prep full up, all full up all
Speaker 4: my my bens. I have bens that I carry the
Speaker 4: products and full up all my bens. Pick the spots.
Speaker 4: I'm going to just knock the spots down one bout one,
Speaker 4: but I do, I'll pack everything the night before.
Speaker 6: That's a one man show yourself. Yeah.
Speaker 2: Wow, So I saw you saying like as far as
Speaker 2: the the numbers on it, so it's like I think
Speaker 2: it's like under six locations. Is it's well under six machines.
Speaker 2: Let me see if I have it's run down something
Speaker 2: like passive passive and dan, Yeah, can you explain that?
Speaker 2: Like the numbers?
Speaker 4: So it really now, honestly, it depends on your location obviously,
Speaker 4: but we're talking about this standard average. Like if you
Speaker 4: have around six machines, that's kind of still passive, like
Speaker 4: that's not gonna take up too much of.
Speaker 3: Your time and you know, you can still get whatever done.
Speaker 3: Once you get to like.
Speaker 4: Around like ten machines, you more so like on like
Speaker 4: a part time type of thing, like if you was
Speaker 4: working part time, because it's going to take up a
Speaker 4: little more time as far as you keeping up with
Speaker 4: your products and you go into your spots, depending on
Speaker 4: how far your spots are. Once you get past like fifteen,
Speaker 4: that's more like a you know, once you get like
Speaker 4: fifteen twenty, it's like a real business, full time, full
Speaker 4: time situation, and now you're now you're doing that full time,
Speaker 4: like you're making you should be if you're doing the
Speaker 4: right you should be making good money.
Speaker 3: But that's going to take up a lot of your time.
Speaker 2: So if you have twenty, if you have twenty machines,
Speaker 2: theoretically you should be making like fifteen thousand around that
Speaker 2: at least at least twenty on the good.
Speaker 3: End, at least fifteen at minimum.
Speaker 4: At minimum, you should at least be doing like ten
Speaker 4: even if you don't have good locations, like you should least.
Speaker 2: R ten of months right right now. The thing about
Speaker 2: the Vendom machine thing is an interesting situation because it's
Speaker 2: one of these things where I always say, it's never
Speaker 2: about home runs. It's not about home runs in life.
Speaker 2: It's about base hits. Like if you play baseball, you
Speaker 2: gotta get base hits cansistently. And the Vendom machine thing
Speaker 2: is like a base hit. Like even if you got
Speaker 2: you know, a couple going and you're getting two thousand,
Speaker 2: like that's that's two thousand, Like you know what I'm saying,
Speaker 2: three thousand whatever. It's like, now that takes pressure off
Speaker 2: of you. That's a nice passive stream of income. You
Speaker 2: build that up, you know, however large you wanted to grow.
Speaker 2: But it's one of these things that's extremely practical. Everybody
Speaker 2: has seen vendom machines or used it or used it.
Speaker 2: It's not rocket science, and it's not really that difficult
Speaker 2: as far as to understand that. The general idea of.
Speaker 5: It mak people thinking in mind like, oh, somebody spent
Speaker 5: a dollar. Somebody spent a dollar twenty five. It's not
Speaker 5: a lot of money, but enough dollars make sense.
Speaker 2: Now, you know, it's not even about that. A lot
Speaker 2: of times we just mentally priced off. We just mentally
Speaker 2: psych ourselves out of everything. So it's like you see
Speaker 2: a vando machine every single day. How many people have
Speaker 2: ever thought about owning a vending machine? I've never thought
Speaker 2: about it. You see it? Why not somebody owns it?
Speaker 6: You're getting killed every single somebody owns.
Speaker 2: It, Like you know what I'm saying, Like why not? Yeah?
Speaker 4: And I think a lot of people shot away from
Speaker 4: it too, Like even when they think about that idea
Speaker 4: is like say're scared of like the maintenance that we think, Okay,
Speaker 4: well I don't know how to fix it. But you know,
Speaker 4: at the end of the day, you it's not it's
Speaker 4: not too complicated but for any business, you're gonna have
Speaker 4: hurders where you have to figure stuff out. It's no
Speaker 4: different than that. Like, so once you once you get
Speaker 4: it going and you run into an issue, of course
Speaker 4: you have to. I mean YouTube is your friend. To
Speaker 4: find a solution on YouTube, if not find a resource
Speaker 4: to call in and just watch what they do, and
Speaker 4: you know, and most of the time, you know, that's
Speaker 4: that's how I how to fix me.
Speaker 2: Yeah, they're like, I'm going to ask you that, like
Speaker 2: do you fix yourself with you hire like mechanics that
Speaker 2: specialize in the machine.
Speaker 4: So for the most part, I fix on myself. The
Speaker 4: only thing I really I can't fix is the refrigeration units.
Speaker 4: It's called the compressors. So the compressors are a little
Speaker 4: more complicated. I don't know how to fix those yet.
Speaker 4: But like the build a sceptors and the coin mechanisms
Speaker 4: like that, that type of stuff, I can fix those
Speaker 4: because it's like it's just a common thing. And that's
Speaker 4: most of the time, nine times at the tempt that's
Speaker 4: what you're gonna be dealing with. If something goes wrong.
Speaker 4: Most of the time, it's just like a dollar got stuck,
Speaker 4: or maybe you're your bill, except the one bad.
Speaker 3: It's just screw it out, put a new one and
Speaker 3: screw it back in, like that type of thing.
Speaker 2: What's the best what's the best item invented machine history?
Speaker 4: Peanut Eminem's for snacks, for drinks, Pepsi and pepsi cells
Speaker 4: like like nothing else whatever whatever you sell them with
Speaker 4: everything else. Pepsi is gonna sell dumble pepsi self more
Speaker 4: than coke, pepsi.
Speaker 3: Something was or anything. Pepsi everywhere, like everybody I know.
Speaker 2: Would do it more than water.
Speaker 4: Yeah, your largest profit item is water, though you make
Speaker 4: the most water for water.
Speaker 3: Yeah, but pepsi sells like nothing else. Peanut eminem so real, well.
Speaker 2: Too, what's what's your favorite?
Speaker 3: My favorite? Uh, Skittles, starburs and m and ms.
Speaker 2: I don't even know if I even had peanut eminem.
Speaker 4: I don't like them personally. That's and that's what kind
Speaker 4: of messed me up the first time. I was like, oh,
Speaker 4: these ain't good.
Speaker 3: But you know, when I was.
Speaker 5: Stocking the combination of the pepsi and the peanut emon
Speaker 5: but but but crunch butter crunch cookie sign you got
Speaker 5: the machine though it should be those are smack.
Speaker 2: Paydayd candy bars that's that's a niche thing. And oil
Speaker 2: and vinegar chips that's another niche chip.
Speaker 6: No, that's.
Speaker 3: That's the tip that.
Speaker 2: Gets niche oil because elite, that's the elite.
Speaker 6: That's red bag of doritos.
Speaker 3: Yeah, that's gone. Those are moving the black popcorn chip back.
Speaker 3: That's another item.
Speaker 4: The cooler ranch playing cooler ranch playing not really lays.
Speaker 4: People like well and where I'm at, people like the
Speaker 4: hers like playing herds.
Speaker 3: They love those playing ships, Doritos, pretzels also pressures are
Speaker 3: depending where they at.
Speaker 4: But the doritos, the peanut min ms, pepsi, that's selling
Speaker 4: no matter, no matter I call those like staple items,
Speaker 4: Like those items will be in the machine no matter
Speaker 4: which of them I see.
Speaker 5: Sometimes the don't put like the them in one row
Speaker 5: and then like put them at the next row too.
Speaker 4: Just because because they sell, like because if you don't
Speaker 4: do that, you're gonna run out, like so that that's
Speaker 4: gonna run out before. It's like a pepsi And most
Speaker 4: of the time you had two rolls of pepsi and
Speaker 4: the because just because it's going to sell faster than anything.
Speaker 3: You know, you have to come back once it sells
Speaker 3: out right, you might even have to come back.
Speaker 4: It's just going to sell out and then you'll be
Speaker 4: you could be losing out the money if that person
Speaker 4: only came to that machine.
Speaker 3: If you get some peanut eminem's, they like, I don't
Speaker 3: want nothing in the type of thing.
Speaker 6: Are you moving into other things to put in a
Speaker 6: venting machine?
Speaker 1: Like it?
Speaker 6: Is there other items that you see in the future,
Speaker 6: like you know what, I might want to go that route.
Speaker 4: No, I like, I like keeping it traditional. But I
Speaker 4: do see you know, I'll see a lot of things.
Speaker 4: You know, I'll see people coming up with that's real creative.
Speaker 4: I see some celebrities coming out with different ideas. I
Speaker 4: know Calie Jenner just launched like a Vendom machine with
Speaker 4: one of them had the other one had like a
Speaker 4: her makeup line, which.
Speaker 3: I know is big.
Speaker 2: That's not a bad idea either, make up little stuff
Speaker 2: like that like chapstick and things like that where it's
Speaker 2: like you want to run. It's not a bad idea.
Speaker 2: But yeah, you're never gonna lose with beverages, especially beverages.
Speaker 2: People always drink stuff candy. It's kind of like it's
Speaker 2: like a no brainer in the words of Mike I'm
Speaker 2: gonna did it to Candy. Yeah, they always gonna be
Speaker 2: in business women.
Speaker 7: My graduates from my school being forced bad drop bag
Speaker 7: drop Mike, drop bad drop drops.
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