1
00:00:00,400 --> 00:00:04,280
Speaker 1: You just realized your business needed to hire someone yesterday.

2
00:00:04,800 --> 00:00:09,520
Speaker 1: How can you find amazing candidates fast? Easy? Just use Indeed.

3
00:00:09,960 --> 00:00:12,680
Speaker 1: Stop struggling to get your job posts seen on other

4
00:00:12,760 --> 00:00:16,439
Speaker 1: job sites. With Indeed sponsored jobs, your post jumps to

5
00:00:16,480 --> 00:00:19,040
Speaker 1: the top of the page for your relevant candidates, so

6
00:00:19,120 --> 00:00:22,119
Speaker 1: you can reach the people you want faster. According to

7
00:00:22,160 --> 00:00:26,120
Speaker 1: Indeed data, sponsored jobs posted directly on Indeed have forty

8
00:00:26,120 --> 00:00:30,040
Speaker 1: five percent more applications than non sponsored jobs. Don't wait

9
00:00:30,080 --> 00:00:33,519
Speaker 1: any longer, speed up your hiring right now with Indeed,

10
00:00:33,960 --> 00:00:36,200
Speaker 1: and listeners of this show will get a seventy five

11
00:00:36,280 --> 00:00:39,440
Speaker 1: dollars sponsored job credit to get your jobs more visibility

12
00:00:39,600 --> 00:00:45,320
Speaker 1: at indeed dot com slash pod katz thirteen. Just go

13
00:00:45,360 --> 00:00:50,120
Speaker 1: to Indeed dot com slash pod katz thirteen right now

14
00:00:50,479 --> 00:00:53,040
Speaker 1: and support our show by saying you heard about Indeed

15
00:00:53,080 --> 00:00:57,400
Speaker 1: on this podcast. Terms and conditions apply. Hiring Indeed is

16
00:00:57,440 --> 00:00:58,040
Speaker 1: all you need.

17
00:00:58,720 --> 00:01:01,120
Speaker 2: All right, So now we go to get into some details.

18
00:01:01,160 --> 00:01:03,880
Speaker 2: So all right, So for vending machines, right, first question

19
00:01:04,040 --> 00:01:06,560
Speaker 2: is how much does the vending machine costs?

20
00:01:07,120 --> 00:01:10,200
Speaker 3: So it could range. So I mean the cheapest you're

21
00:01:10,200 --> 00:01:11,800
Speaker 3: going to find it is always going to be somewhere

22
00:01:11,880 --> 00:01:14,360
Speaker 3: run one thousand dollars if you're using a used machine

23
00:01:14,720 --> 00:01:17,000
Speaker 3: versus if you're coming in with something new. You're looking

24
00:01:17,040 --> 00:01:19,360
Speaker 3: at about five grand five grand for a brand new

25
00:01:19,360 --> 00:01:21,600
Speaker 3: one brand like brand new team in the top of

26
00:01:21,640 --> 00:01:23,600
Speaker 3: the line of new or used.

27
00:01:23,600 --> 00:01:25,480
Speaker 4: I didn't even know that there were new use machines.

28
00:01:26,480 --> 00:01:27,720
Speaker 4: How where do we even get this?

29
00:01:27,880 --> 00:01:28,039
Speaker 1: Like?

30
00:01:28,200 --> 00:01:31,520
Speaker 3: Where am I finding a new machine? Where do I go? So,

31
00:01:31,680 --> 00:01:33,440
Speaker 3: I mean new machines you could get from like the

32
00:01:33,440 --> 00:01:37,319
Speaker 3: manufacturers actually making like coke, PEPSI like those type of

33
00:01:38,200 --> 00:01:39,840
Speaker 3: places you can buy and trade from them.

34
00:01:39,880 --> 00:01:41,920
Speaker 4: Those are where the new machines come from. And we're

35
00:01:41,920 --> 00:01:44,360
Speaker 4: talking about actual what I mean, there's different types. We're

36
00:01:44,360 --> 00:01:48,120
Speaker 4: talking about food vended machines, so we're talking about sodas, snacks.

37
00:01:48,200 --> 00:01:51,120
Speaker 4: They do have food, they have ice cream machines. It's

38
00:01:51,120 --> 00:01:53,520
Speaker 4: a lot of different different types. So if you're talking

39
00:01:53,520 --> 00:01:56,120
Speaker 4: about used machines, which is you know, I use use machines,

40
00:01:56,160 --> 00:01:58,520
Speaker 4: and that's what I recommend everybody else to use, mainly

41
00:01:58,560 --> 00:02:01,360
Speaker 4: because it's easier than ain't team, and it's a lot

42
00:02:01,360 --> 00:02:04,080
Speaker 4: more affordable, Like the price is nowhere close to you know,

43
00:02:04,120 --> 00:02:05,960
Speaker 4: five thousand dollars. You can get a used machine for

44
00:02:06,080 --> 00:02:08,400
Speaker 4: around nine hundred, which is what my first machine was,

45
00:02:09,840 --> 00:02:12,600
Speaker 4: and you could find those on places such as like crackslist,

46
00:02:13,440 --> 00:02:14,120
Speaker 4: offer up.

47
00:02:14,120 --> 00:02:18,359
Speaker 3: Amazon, let go, it might be a little more Amazon.

48
00:02:18,760 --> 00:02:20,519
Speaker 3: And then the only reason I wouldn't I would say

49
00:02:21,120 --> 00:02:23,560
Speaker 3: not to get it off like a platform where it's

50
00:02:23,600 --> 00:02:26,120
Speaker 3: like online, because I would recommend you checking the machine

51
00:02:26,120 --> 00:02:27,560
Speaker 3: out first. You don't want to get it and get

52
00:02:27,560 --> 00:02:29,640
Speaker 3: it in, get it where you want to put it,

53
00:02:30,080 --> 00:02:31,560
Speaker 3: and then it's not working right, and then you have

54
00:02:31,600 --> 00:02:33,600
Speaker 3: to ship it back Like that's a that's a long process.

55
00:02:33,800 --> 00:02:36,120
Speaker 2: You said, let go, Yeah, what's what's that?

56
00:02:36,280 --> 00:02:36,920
Speaker 3: So it's an app?

57
00:02:37,160 --> 00:02:37,640
Speaker 2: It's an app?

58
00:02:37,720 --> 00:02:41,560
Speaker 3: Yeah, so let go offer up a Facebook market. But

59
00:02:41,880 --> 00:02:45,120
Speaker 3: it just depends that. And another thing is it matters

60
00:02:45,240 --> 00:02:47,679
Speaker 3: is how are you How are you trying to scale this?

61
00:02:48,120 --> 00:02:50,880
Speaker 3: Do you wanted this to be on some side hustle

62
00:02:50,919 --> 00:02:53,320
Speaker 3: passive income stuff or do you want to grow it

63
00:02:53,360 --> 00:02:56,320
Speaker 3: into like a full time business. Because if you're just

64
00:02:56,360 --> 00:02:58,000
Speaker 3: doing it as a side hustle, just earn some extra

65
00:02:58,080 --> 00:03:01,560
Speaker 3: realdum assign you know you and those resources such as

66
00:03:01,600 --> 00:03:04,480
Speaker 3: like you know cress is fine. But if you really

67
00:03:04,480 --> 00:03:06,000
Speaker 3: want to do it, like for a time, you want

68
00:03:06,000 --> 00:03:09,119
Speaker 3: to find like what I what I call vending warehouses.

69
00:03:09,560 --> 00:03:13,480
Speaker 3: So a vending warehouse is just a vending company that

70
00:03:13,639 --> 00:03:16,320
Speaker 3: is large enough to sell you vending machines. So that's

71
00:03:16,360 --> 00:03:18,040
Speaker 3: kind of how we make our money. On the back end,

72
00:03:18,440 --> 00:03:20,720
Speaker 3: I might have some machines setting around and then our

73
00:03:20,840 --> 00:03:23,760
Speaker 3: cellos to anybody who's looking to buy it.

74
00:03:24,000 --> 00:03:25,519
Speaker 2: Where do you find vending warehouses?

75
00:03:25,840 --> 00:03:28,680
Speaker 3: So you would have to google vending machine companies in

76
00:03:28,720 --> 00:03:31,720
Speaker 3: your area and then contact them and see if they.

77
00:03:31,560 --> 00:03:33,000
Speaker 2: It's all regional, it's all regional.

78
00:03:33,200 --> 00:03:35,680
Speaker 4: Yeah, after I order it, I'm thinking to myself right

79
00:03:35,680 --> 00:03:39,600
Speaker 4: now I'm ordering machine, Probably need the location first, right,

80
00:03:39,680 --> 00:03:41,720
Speaker 4: because they're going to send that to your house, right,

81
00:03:41,760 --> 00:03:42,640
Speaker 4: So do they send it to?

82
00:03:42,840 --> 00:03:46,240
Speaker 3: What happens after I order it? So you could you

83
00:03:46,240 --> 00:03:48,880
Speaker 3: could pick it the machine up first. Our I recommend

84
00:03:48,880 --> 00:03:52,920
Speaker 3: to people always always always get the machine after you

85
00:03:52,920 --> 00:03:55,320
Speaker 3: have the location, for multiple reasons. Because if you go

86
00:03:55,360 --> 00:03:57,560
Speaker 3: out and you get excited, Okay, I'm going to vending thing.

87
00:03:57,960 --> 00:03:59,960
Speaker 3: I see a cheap soulda machine, This is a great deal.

88
00:04:00,400 --> 00:04:02,240
Speaker 3: You buy it. Maybe you got it in your garage

89
00:04:02,280 --> 00:04:04,320
Speaker 3: or something like that. You don't know what type of

90
00:04:04,320 --> 00:04:06,920
Speaker 3: location you're gonna get first, So that means you don't

91
00:04:06,920 --> 00:04:08,840
Speaker 3: know what that location is going to need. Maybe they

92
00:04:08,880 --> 00:04:10,320
Speaker 3: already got a sort of machine, maybe they need a

93
00:04:10,320 --> 00:04:13,120
Speaker 3: slack machine. Maybe it won't right. And then that's another thing.

94
00:04:13,160 --> 00:04:17,359
Speaker 3: You don't know what the measurements are for that space

95
00:04:17,400 --> 00:04:19,320
Speaker 3: they have to put the machine. So it could be

96
00:04:19,520 --> 00:04:21,719
Speaker 3: the machine you make you could have maybe too big,

97
00:04:21,760 --> 00:04:23,719
Speaker 3: maybe it's too big to fit through the doorway. Maybe

98
00:04:23,760 --> 00:04:25,880
Speaker 3: it's too big for the space that they actually want

99
00:04:25,920 --> 00:04:28,320
Speaker 3: the machine. So it's always best to wait until you

100
00:04:28,360 --> 00:04:31,320
Speaker 3: get that location you know, on a paper, and then

101
00:04:31,360 --> 00:04:33,039
Speaker 3: you go out and get your machine. But on the

102
00:04:33,040 --> 00:04:36,159
Speaker 3: flip side, you also want to know your resources first,

103
00:04:36,240 --> 00:04:37,719
Speaker 3: Like you want to know where you're getting that machine

104
00:04:37,760 --> 00:04:41,000
Speaker 3: from prior to you know, finding your location.

105
00:04:41,440 --> 00:04:44,200
Speaker 2: So like what's some typical are they like typical profit margins?

106
00:04:44,200 --> 00:04:46,479
Speaker 2: Like how much money can should a person expect to

107
00:04:46,480 --> 00:04:47,839
Speaker 2: make off of like one machine?

108
00:04:48,400 --> 00:04:51,360
Speaker 3: So an average good a good location, well, you'll see

109
00:04:51,360 --> 00:04:54,320
Speaker 3: around five hundred dollars for the foot per machine. Right,

110
00:04:54,400 --> 00:04:56,640
Speaker 3: most locations have two machines, you know what I'm saying,

111
00:04:56,720 --> 00:04:58,680
Speaker 3: unless it's like a combo if most of the time,

112
00:04:58,680 --> 00:05:01,000
Speaker 3: if you'll find a combo machine, it's in a smaller

113
00:05:01,480 --> 00:05:03,680
Speaker 3: in a smaller space because they can't fit two machines,

114
00:05:04,240 --> 00:05:08,240
Speaker 3: or it's because maybe it's a slower that has slower traffic,

115
00:05:08,279 --> 00:05:10,440
Speaker 3: lower traffic, and you don't want to put two machines

116
00:05:10,480 --> 00:05:12,239
Speaker 3: in there, you know that type of situation.

117
00:05:12,400 --> 00:05:14,560
Speaker 2: So like a thousand dollars if you have two machines

118
00:05:14,600 --> 00:05:15,560
Speaker 2: in one location.

119
00:05:15,279 --> 00:05:16,400
Speaker 3: Yeah, that's about that, right.

120
00:05:16,560 --> 00:05:18,600
Speaker 4: When you have to find locations, you obviously looked at

121
00:05:18,640 --> 00:05:20,480
Speaker 4: your life. You said, look, I played ball here, I'm

122
00:05:20,480 --> 00:05:22,880
Speaker 4: gonna put one here. That's my high school, that's my barbershop.

123
00:05:23,120 --> 00:05:24,920
Speaker 3: What does the average person have to do in terms

124
00:05:24,960 --> 00:05:28,680
Speaker 3: of finding locations? So step one now, Now to be

125
00:05:28,680 --> 00:05:32,400
Speaker 3: honest with y'all, Like, I had experience in like different

126
00:05:32,480 --> 00:05:36,200
Speaker 3: marketing before beforehand, so I was already kind of seasoned

127
00:05:36,400 --> 00:05:40,919
Speaker 3: season with uh networking and more and reaching people and

128
00:05:40,960 --> 00:05:44,160
Speaker 3: calling all that type of stuff. The wholesaleing I did

129
00:05:44,160 --> 00:05:48,000
Speaker 3: do whole something, So yeah, so I used those same

130
00:05:48,040 --> 00:05:50,680
Speaker 3: type of tactics to find locations because it was I

131
00:05:50,760 --> 00:05:53,000
Speaker 3: learned a lot from actually going out and trying to

132
00:05:53,040 --> 00:05:55,000
Speaker 3: find properties, you know what I'm saying when I was

133
00:05:55,080 --> 00:05:57,520
Speaker 3: doing the wholesaling thing. So the first thing I did

134
00:05:57,560 --> 00:06:00,280
Speaker 3: was network so I reached out to everybody, aroun me,

135
00:06:00,400 --> 00:06:02,640
Speaker 3: all my friends, all my family members, let them know

136
00:06:02,680 --> 00:06:04,640
Speaker 3: what I was doing. And this through doing that, it

137
00:06:04,720 --> 00:06:07,480
Speaker 3: led me to having like my first few locations, you

138
00:06:07,520 --> 00:06:08,839
Speaker 3: know what I'm saying. So that's how I ended up

139
00:06:08,839 --> 00:06:11,560
Speaker 3: getting a school like you do this name, which is

140
00:06:11,600 --> 00:06:14,320
Speaker 3: my prior in high school. I talked to them, you know,

141
00:06:14,400 --> 00:06:17,080
Speaker 3: they let me place a vending machine in there, and

142
00:06:17,120 --> 00:06:19,120
Speaker 3: it led me to you know, getting a few other spots.

143
00:06:19,360 --> 00:06:21,240
Speaker 2: You know, I'm just thinking about it. A lot of

144
00:06:21,400 --> 00:06:24,080
Speaker 2: places that yeah they have two vendom machines, like a

145
00:06:24,080 --> 00:06:28,400
Speaker 2: community center, a school. Yeah, you have two vending machines. Yeah,

146
00:06:29,160 --> 00:06:32,000
Speaker 2: I never thought about that before. I mean, or trying

147
00:06:32,000 --> 00:06:34,000
Speaker 2: to cut you off. You can have two vending machines

148
00:06:34,080 --> 00:06:37,279
Speaker 2: right next to each other, Like one is sodas and drinks,

149
00:06:37,640 --> 00:06:40,080
Speaker 2: the other one is candies and chips and stuff.

150
00:06:40,120 --> 00:06:41,800
Speaker 3: Yeah, they always like right next to right next to

151
00:06:41,839 --> 00:06:42,160
Speaker 3: each other.

152
00:06:42,560 --> 00:06:44,120
Speaker 2: So that's not bad if you think about it, Like

153
00:06:44,120 --> 00:06:47,839
Speaker 2: a thousand dollars, that's like you could be getting rental income,

154
00:06:48,720 --> 00:06:50,839
Speaker 2: but it's a lot less overhead as far as buying

155
00:06:50,839 --> 00:06:51,200
Speaker 2: a home.

156
00:06:51,839 --> 00:06:54,279
Speaker 3: Yeah, So that was what I was gonna say. Two things.

157
00:06:54,279 --> 00:06:56,800
Speaker 4: Well, first of when these big corporations, like if I

158
00:06:56,839 --> 00:06:59,080
Speaker 4: see a Coca Cola machine, right, that's a vending machine.

159
00:06:59,120 --> 00:07:00,000
Speaker 3: Can I purchase that from?

160
00:07:00,120 --> 00:07:02,159
Speaker 4: Or is the corporation putting that in the location, because

161
00:07:02,160 --> 00:07:03,839
Speaker 4: you could have two venom machines and then they have

162
00:07:03,960 --> 00:07:04,880
Speaker 4: all coke products?

163
00:07:05,240 --> 00:07:07,440
Speaker 3: Can you purchase that? Can you purchase it from home

164
00:07:07,480 --> 00:07:09,800
Speaker 3: from like Coca Cola? Is that like a thing? Can

165
00:07:09,840 --> 00:07:13,040
Speaker 3: you get a venom machine from a corporation you're talking

166
00:07:13,040 --> 00:07:15,320
Speaker 3: about as far as have if the machine is placed

167
00:07:15,320 --> 00:07:17,720
Speaker 3: somewhere or if there is manufacturing the machines.

168
00:07:17,840 --> 00:07:20,080
Speaker 4: Well, so I'm thinking in terms of I have my

169
00:07:20,200 --> 00:07:22,600
Speaker 4: venom machine, you right, I have two of them there.

170
00:07:22,480 --> 00:07:24,800
Speaker 3: And then there's like a coke machine those coke products.

171
00:07:24,960 --> 00:07:26,720
Speaker 3: Is that something like the average person can purchase or

172
00:07:26,760 --> 00:07:29,280
Speaker 3: is just straight from the corporation? So so all right,

173
00:07:29,320 --> 00:07:33,080
Speaker 3: so Coke does Coke actually places machines themselves. So but

174
00:07:33,120 --> 00:07:36,880
Speaker 3: then what they'll do is they don't they actually just

175
00:07:36,920 --> 00:07:41,440
Speaker 3: will place the machine, right, But the thing is the

176
00:07:41,480 --> 00:07:44,280
Speaker 3: person they would have to like charge a certain amount

177
00:07:44,600 --> 00:07:47,720
Speaker 3: the in products. So the products. Once you buy a

178
00:07:47,720 --> 00:07:50,280
Speaker 3: certain amount of products from from Coke, they'll play they

179
00:07:50,320 --> 00:07:51,840
Speaker 3: get you. They get a place of vendo machine for free,

180
00:07:52,520 --> 00:07:54,880
Speaker 3: so and then they'll service it or whatever like. So,

181
00:07:55,800 --> 00:07:58,480
Speaker 3: if you're talking about like that machine is there, most

182
00:07:58,560 --> 00:08:00,640
Speaker 3: more than likely your machine won't be because they'll have

183
00:08:00,640 --> 00:08:02,840
Speaker 3: some type of contract with Coca Cola and they're not

184
00:08:02,880 --> 00:08:04,040
Speaker 3: gonna let nobody else in there.

185
00:08:04,600 --> 00:08:06,760
Speaker 2: So as far as location, because I know you said

186
00:08:06,760 --> 00:08:13,320
Speaker 2: that you had a couple of different keys, foot traffic, isolation, uh,

187
00:08:14,640 --> 00:08:19,040
Speaker 2: waiting rooms, so all of these different things. But before

188
00:08:19,080 --> 00:08:21,680
Speaker 2: you even get to that, how do you approach somebody

189
00:08:21,720 --> 00:08:23,160
Speaker 2: to put a vending machine in their place?

190
00:08:23,280 --> 00:08:23,360
Speaker 1: Like?

191
00:08:24,000 --> 00:08:28,280
Speaker 2: All right, so you see a school, like, what's the

192
00:08:28,320 --> 00:08:30,320
Speaker 2: process to say, Hey, can I put a veto machine here?

193
00:08:30,320 --> 00:08:31,120
Speaker 3: I talked to the principal.

194
00:08:31,840 --> 00:08:32,400
Speaker 2: How does that work?

195
00:08:32,440 --> 00:08:34,240
Speaker 3: So that's a good question. Man, That's a lot of

196
00:08:34,280 --> 00:08:36,920
Speaker 3: questions everybody ask us. But at all I really do

197
00:08:37,040 --> 00:08:40,120
Speaker 3: is I'll approach whoever the receptionist is that they're at

198
00:08:40,120 --> 00:08:42,640
Speaker 3: first point in contact, and I'll ask them who I

199
00:08:42,679 --> 00:08:46,199
Speaker 3: need to speak to to place a machine here. So

200
00:08:46,280 --> 00:08:48,600
Speaker 3: it's usually the person that everybody usually has a person

201
00:08:48,640 --> 00:08:51,240
Speaker 3: who's in charge of doing business. So the high school,

202
00:08:51,240 --> 00:08:53,640
Speaker 3: as a you know, a business manager, I had to

203
00:08:53,760 --> 00:08:56,000
Speaker 3: talk to them So if you're if I'm going into

204
00:08:56,040 --> 00:08:57,720
Speaker 3: a motel or something, most of the time they have

205
00:08:57,760 --> 00:08:59,679
Speaker 3: a business manager if you talk to them. So it's

206
00:08:59,720 --> 00:09:02,080
Speaker 3: just a about asking that first point of contact get

207
00:09:02,200 --> 00:09:04,160
Speaker 3: you know, obviously if you could find a manager or

208
00:09:04,160 --> 00:09:06,319
Speaker 3: something like that, reach you, you could reach and but then

209
00:09:06,400 --> 00:09:08,920
Speaker 3: ask that person, who's the person who's that I have

210
00:09:09,000 --> 00:09:10,840
Speaker 3: to talk to? That actually makes the decision.

211
00:09:11,200 --> 00:09:13,000
Speaker 4: So once you get in the high school, you get

212
00:09:13,040 --> 00:09:14,880
Speaker 4: into the recreation center, is there a fee that you

213
00:09:14,920 --> 00:09:17,200
Speaker 4: have to pay for being there or it's just part

214
00:09:17,200 --> 00:09:18,880
Speaker 4: of the profit margin you have to give to the places?

215
00:09:18,960 --> 00:09:21,920
Speaker 3: Like how's that work? So it's all about from my experience,

216
00:09:22,000 --> 00:09:24,280
Speaker 3: it's all about how you get that how you get

217
00:09:24,280 --> 00:09:28,959
Speaker 3: that spot. So if you have you have different resources

218
00:09:29,080 --> 00:09:32,640
Speaker 3: you're using to get locations. Right, If one thing that

219
00:09:32,720 --> 00:09:34,760
Speaker 3: you could do is you out, you go out yourself

220
00:09:35,200 --> 00:09:38,000
Speaker 3: and you actually look for locations. Like you know, when

221
00:09:38,000 --> 00:09:41,319
Speaker 3: we talk about the whole sort of thing, it's called

222
00:09:41,320 --> 00:09:43,920
Speaker 3: like driving for dollars. You're that term, yeah, right, So

223
00:09:44,000 --> 00:09:46,120
Speaker 3: that's a method you go out driving around. I actually

224
00:09:46,120 --> 00:09:49,480
Speaker 3: found the laundrymat the other day just driving around. I

225
00:09:49,559 --> 00:09:51,280
Speaker 3: wasn't even looking for it, but I just happened to

226
00:09:51,320 --> 00:09:53,040
Speaker 3: see it, and actually I'll put it on Instagram, So

227
00:09:53,080 --> 00:09:54,640
Speaker 3: I put it on a lot just to show people

228
00:09:54,640 --> 00:09:56,560
Speaker 3: like this is like, you know, how easy it is

229
00:09:56,600 --> 00:09:58,240
Speaker 3: to find something and if you're paying attention to what's

230
00:09:58,240 --> 00:10:02,480
Speaker 3: around you. So that's one method and another methods like

231
00:10:02,520 --> 00:10:04,920
Speaker 3: cold calling, which is you just make a list of

232
00:10:05,040 --> 00:10:09,719
Speaker 3: multiple places and that that may be suitable for a

233
00:10:09,800 --> 00:10:12,640
Speaker 3: vendom machine in your area that you're looking at place

234
00:10:12,679 --> 00:10:15,200
Speaker 3: one like using zip codes or whatever, and you know,

235
00:10:15,200 --> 00:10:17,120
Speaker 3: and you just call them if you're doing that method.

236
00:10:17,120 --> 00:10:18,480
Speaker 3: Most of the time I found when you found it

237
00:10:18,559 --> 00:10:20,760
Speaker 3: like a location like that, they ask for a commission

238
00:10:20,800 --> 00:10:22,760
Speaker 3: because you're asking to come into their space and do

239
00:10:22,840 --> 00:10:26,280
Speaker 3: business like you're asking for something from them. Right now.

240
00:10:26,400 --> 00:10:29,840
Speaker 3: On the flip side, you get a website right the top,

241
00:10:29,880 --> 00:10:32,360
Speaker 3: the most the top that the most common thing people

242
00:10:32,400 --> 00:10:35,120
Speaker 3: do is when they're looking for vending services. If you know,

243
00:10:35,160 --> 00:10:38,200
Speaker 3: you're just opened up your store, your business or whatever

244
00:10:38,240 --> 00:10:40,240
Speaker 3: it may be, it's Google, So they go right to

245
00:10:40,280 --> 00:10:44,360
Speaker 3: Google Vendom Machine service and Philadelphia my joone is like

246
00:10:44,360 --> 00:10:46,760
Speaker 3: one of the top ones on there. So you click

247
00:10:46,840 --> 00:10:50,120
Speaker 3: on that, they they call you, they contact you, and

248
00:10:50,160 --> 00:10:52,560
Speaker 3: then they're gonna ask you to place a vending machine

249
00:10:52,559 --> 00:10:56,000
Speaker 3: in their place of business. So most not in that scenario.

250
00:10:56,080 --> 00:10:57,040
Speaker 3: Most of the time they don't ask you for a

251
00:10:57,040 --> 00:10:59,040
Speaker 3: commission because they just want your service. They want your

252
00:10:59,080 --> 00:11:02,720
Speaker 3: service for their customers, are for their employees off for

253
00:11:02,760 --> 00:11:04,800
Speaker 3: whatever reason. It's just like, yeah, we just want to service.

254
00:11:04,800 --> 00:11:06,439
Speaker 3: We're not worried about commission.

255
00:11:06,600 --> 00:11:09,480
Speaker 2: So if you approach them, you got to pay them

256
00:11:09,520 --> 00:11:11,800
Speaker 2: most of the time. If they approach you, you don't

257
00:11:11,800 --> 00:11:12,439
Speaker 2: have to pay.

258
00:11:12,360 --> 00:11:13,720
Speaker 3: Most of the time most of the time. That's how

259
00:11:13,800 --> 00:11:16,160
Speaker 3: that goes. That also depends on what type of place

260
00:11:16,200 --> 00:11:17,679
Speaker 3: it is, you know, because if you're dealing with like

261
00:11:17,760 --> 00:11:20,840
Speaker 3: recreation centers and schools, a lot of times those those

262
00:11:20,840 --> 00:11:25,480
Speaker 3: facilities are like the prod the funds already, so they

263
00:11:25,559 --> 00:11:28,360
Speaker 3: always looking for different ways to supplement, you know, some income.

264
00:11:28,480 --> 00:11:29,880
Speaker 3: So they're going to bring that up.

265
00:11:30,080 --> 00:11:32,439
Speaker 2: So what kind of commission is fair? Like if somebody

266
00:11:32,520 --> 00:11:34,760
Speaker 2: I'll let you put ahead, but here's you gotta give

267
00:11:34,800 --> 00:11:37,360
Speaker 2: me twenty percent temper, Like what's a fair amount that

268
00:11:38,440 --> 00:11:39,120
Speaker 2: a fear.

269
00:11:38,960 --> 00:11:42,120
Speaker 3: Amount really depends on the traffic and that location, but

270
00:11:42,320 --> 00:11:45,320
Speaker 3: you typically it's around ten percent. Yeah, ten percent is

271
00:11:45,520 --> 00:11:47,000
Speaker 3: It's like a fear amount most of the time if

272
00:11:47,040 --> 00:11:47,800
Speaker 3: it's a good location.

273
00:11:48,280 --> 00:11:51,160
Speaker 4: So you you sit down, you say that we can

274
00:11:51,200 --> 00:11:52,400
Speaker 4: have the vend machine here.

275
00:11:52,840 --> 00:11:55,240
Speaker 3: What we do next we drawing up a contract. Right

276
00:11:55,320 --> 00:11:58,199
Speaker 3: so at the point where they give me the person

277
00:11:58,200 --> 00:12:01,360
Speaker 3: of contact and they said they interested, and I'll schedule

278
00:12:01,400 --> 00:12:03,400
Speaker 3: a meeting with them, so we'll sit there like we're talking. Now,

279
00:12:03,840 --> 00:12:06,679
Speaker 3: I'll have a proposal, which is something I came up

280
00:12:06,720 --> 00:12:09,120
Speaker 3: with just from doing the meetings, and it's all the

281
00:12:09,160 --> 00:12:11,800
Speaker 3: information is in the proposal, which just cuts down the

282
00:12:11,880 --> 00:12:13,920
Speaker 3: meet in town. So you know, in there it's just

283
00:12:14,000 --> 00:12:17,200
Speaker 3: about the uh, your business, a little bit about yourself.

284
00:12:17,440 --> 00:12:19,120
Speaker 3: You want to put the products that you use, what

285
00:12:19,280 --> 00:12:22,400
Speaker 3: makes you different than other companies, your price points for

286
00:12:22,480 --> 00:12:25,000
Speaker 3: your products. Just present all that to them and then

287
00:12:25,040 --> 00:12:26,880
Speaker 3: you know, if if they like that, then I also

288
00:12:26,960 --> 00:12:29,880
Speaker 3: have the contract there so and if they're good with

289
00:12:29,960 --> 00:12:31,880
Speaker 3: the contract, you know we signed it right there. Do

290
00:12:31,920 --> 00:12:34,240
Speaker 3: the deal right there. Now. Sometimes it doesn't go that way.

291
00:12:34,360 --> 00:12:38,160
Speaker 3: Sometimes they might want certain contingencies or whatever in the contract.

292
00:12:38,160 --> 00:12:40,200
Speaker 3: So if they want that and you ask, you have

293
00:12:40,280 --> 00:12:41,679
Speaker 3: you know, obviously you have to go back and draw

294
00:12:41,760 --> 00:12:43,280
Speaker 3: up a new contract and get them to sign that. One.

295
00:12:43,360 --> 00:12:45,160
Speaker 4: Yeah, I'm thinking of like the school, right, so I'm

296
00:12:45,160 --> 00:12:46,920
Speaker 4: thinking like one of the contendencies they might have is

297
00:12:46,960 --> 00:12:50,000
Speaker 4: like you can't serve a certain amount of sugar.

298
00:12:49,840 --> 00:12:53,320
Speaker 3: Yeah, exactly, certain certain products. And then it's like some

299
00:12:53,360 --> 00:12:57,840
Speaker 3: people will want your actual service hours in there, or

300
00:12:57,880 --> 00:13:02,400
Speaker 3: they'll want if basically like if if something goes wrong,

301
00:13:02,520 --> 00:13:04,040
Speaker 3: you have to repair it by all this amount of

302
00:13:04,040 --> 00:13:06,480
Speaker 3: time type of thing like, so that stuff is usually

303
00:13:06,520 --> 00:13:08,400
Speaker 3: people usually tweak, but for the most part, they did

304
00:13:08,520 --> 00:13:09,880
Speaker 3: go about what's on the paper.

305
00:13:10,160 --> 00:13:14,120
Speaker 2: So okay, So as far as let's go back to location.

306
00:13:14,240 --> 00:13:16,920
Speaker 2: So like you said, you said foot traffic, accessibility, isolation,

307
00:13:17,480 --> 00:13:20,880
Speaker 2: and waiting rooms. Those are like your four golden rules, right,

308
00:13:20,960 --> 00:13:23,120
Speaker 2: oh the one second. So and then for the commission

309
00:13:23,160 --> 00:13:25,720
Speaker 2: that I never bring up commission. So never never sit

310
00:13:25,800 --> 00:13:27,720
Speaker 2: down with a location and say, all right, well, this

311
00:13:27,800 --> 00:13:29,200
Speaker 2: is the amount that we're paying commission.

312
00:13:29,320 --> 00:13:32,120
Speaker 3: If they don't mention it, oh yeah, no, give them money.

313
00:13:32,200 --> 00:13:35,040
Speaker 3: Yeah no, no, no no. Some people think that that's like

314
00:13:35,080 --> 00:13:37,120
Speaker 3: a pitching like point, is that we can pay you

315
00:13:37,200 --> 00:13:39,280
Speaker 3: this much in commission, but don't mention.

316
00:13:39,240 --> 00:13:41,160
Speaker 2: That, because it's not. That's a good that's a good

317
00:13:41,200 --> 00:13:45,320
Speaker 2: point because you might automatically assume that you have to

318
00:13:45,360 --> 00:13:47,360
Speaker 2: pay because you're you're in their space. But like you said,

319
00:13:47,400 --> 00:13:50,800
Speaker 2: it's kind of like an attraction where it's like, like

320
00:13:50,880 --> 00:13:53,160
Speaker 2: my son goes to camp. Every time I pick him out,

321
00:13:53,280 --> 00:13:55,000
Speaker 2: he's like, can you give me something? The venom machine.

322
00:13:55,120 --> 00:13:56,679
Speaker 2: So it's like, you know what I'm saying, It's like

323
00:13:56,880 --> 00:14:00,440
Speaker 2: the vending machine is actually helping in that situation because

324
00:14:00,440 --> 00:14:02,280
Speaker 2: it's like people something you might just walk into a

325
00:14:02,320 --> 00:14:04,000
Speaker 2: space just to use the vending machine.

326
00:14:04,200 --> 00:14:07,440
Speaker 4: Right, So that now I'm thinking about from the business standpoint,

327
00:14:07,480 --> 00:14:09,360
Speaker 4: having a school during the year is great. Having a

328
00:14:09,400 --> 00:14:13,320
Speaker 4: recreation center during the summer gold month all kids.

329
00:14:13,080 --> 00:14:17,320
Speaker 3: Want, well no recreations. Recreation centers doing the school year

330
00:14:17,360 --> 00:14:20,800
Speaker 3: are good too because they have different programs and they

331
00:14:20,800 --> 00:14:22,120
Speaker 3: have basketball games and stuff.

332
00:14:24,360 --> 00:14:30,200
Speaker 2: Yeah. So all right, so location, location, location is the

333
00:14:30,240 --> 00:14:33,800
Speaker 2: most important thing in real estate period. And I guess

334
00:14:33,840 --> 00:14:35,720
Speaker 2: it's no different from vending machine either, Right, you got

335
00:14:35,760 --> 00:14:37,960
Speaker 2: the best vending you could be giving away gold bars

336
00:14:38,000 --> 00:14:41,280
Speaker 2: if it's in the desert, doesn't matter. So how do

337
00:14:41,320 --> 00:14:43,360
Speaker 2: you know what's a good look? I mean obviously, well

338
00:14:43,400 --> 00:14:44,960
Speaker 2: I don't say obviously. How do you know what's a

339
00:14:44,960 --> 00:14:47,360
Speaker 2: good location or not so, I mean from what you

340
00:14:47,440 --> 00:14:50,040
Speaker 2: just basically what you just mentioned, but I picked them

341
00:14:50,080 --> 00:14:52,960
Speaker 2: up as time went on, just noticing different things. So

342
00:14:53,040 --> 00:14:56,880
Speaker 2: when I'm walking into a location, I go with a checklist.

343
00:14:56,880 --> 00:14:58,440
Speaker 2: I don't really use it anymore because I kind of

344
00:14:58,520 --> 00:15:00,560
Speaker 2: like know now, but it's best to have a checklist

345
00:15:00,600 --> 00:15:01,720
Speaker 2: and use this. And this is what you want to

346
00:15:01,720 --> 00:15:04,120
Speaker 2: look for. So you want to look for when you

347
00:15:04,160 --> 00:15:07,360
Speaker 2: pull up to the space. Is it any stores around

348
00:15:07,360 --> 00:15:09,760
Speaker 2: that building? So when I say isolation, that that's what

349
00:15:09,800 --> 00:15:11,960
Speaker 2: I'm talking about. So I'll take a lap of two

350
00:15:12,040 --> 00:15:14,560
Speaker 2: laps around. See I'm looking for corner stores. I'm looking

351
00:15:14,600 --> 00:15:16,760
Speaker 2: at this for other places to eat, all right. So

352
00:15:17,080 --> 00:15:18,480
Speaker 2: if if I don't see no other places to eat,

353
00:15:18,480 --> 00:15:20,520
Speaker 2: I'm like, okay, so that's that's a good sign.

354
00:15:21,120 --> 00:15:23,280
Speaker 3: Right. And then when I walk in the door, I'm

355
00:15:23,280 --> 00:15:25,440
Speaker 3: looking in terms of moving I'm looking for steps and

356
00:15:25,440 --> 00:15:26,680
Speaker 3: all that type of stuff because you have to move

357
00:15:26,680 --> 00:15:28,320
Speaker 3: the machine in there. When it terms of what makes

358
00:15:28,320 --> 00:15:31,320
Speaker 3: it a good location, I'm I'm looking to see where

359
00:15:31,360 --> 00:15:34,360
Speaker 3: the machine will be placed, all right. So I'm like,

360
00:15:34,360 --> 00:15:36,760
Speaker 3: all right, well, is it placed somewhere where it's visible

361
00:15:36,920 --> 00:15:38,800
Speaker 3: and people could see it? Because I had one situation

362
00:15:38,840 --> 00:15:40,680
Speaker 3: where I had a it was a hotel wanted me

363
00:15:40,760 --> 00:15:42,840
Speaker 3: to put a machine in there, but they wanted a

364
00:15:42,880 --> 00:15:44,800
Speaker 3: machine like in the in the back way in the

365
00:15:44,840 --> 00:15:47,200
Speaker 3: back where nobody would see it. And on the flip side,

366
00:15:47,200 --> 00:15:50,160
Speaker 3: it had a gas station right next door. So when

367
00:15:50,200 --> 00:15:52,320
Speaker 3: I was watching, I'm watching people come in and they

368
00:15:52,480 --> 00:15:54,320
Speaker 3: just making the left turn, right out or right to

369
00:15:54,360 --> 00:15:54,840
Speaker 3: the gas station.

370
00:15:54,880 --> 00:15:57,880
Speaker 4: I'm like, the gas station is the place now that

371
00:15:57,880 --> 00:15:58,440
Speaker 4: they're gonna get that.

372
00:15:59,040 --> 00:16:00,760
Speaker 3: They see the gas station because it's right because it

373
00:16:00,840 --> 00:16:03,040
Speaker 3: was a big glass, you know door obviously and it's

374
00:16:03,080 --> 00:16:05,800
Speaker 3: right there. Versus if that machine is placed in the lobby,

375
00:16:05,800 --> 00:16:07,360
Speaker 3: they just would have used the machine. Then nobody wants

376
00:16:07,400 --> 00:16:08,560
Speaker 3: to walk all to be over there if you ain't

377
00:16:08,560 --> 00:16:11,160
Speaker 3: got too only in the night shift, right, So so

378
00:16:11,360 --> 00:16:14,280
Speaker 3: you know that's that's real important. It's important is is

379
00:16:14,320 --> 00:16:18,800
Speaker 3: it being visible and it being accessible to everyone? So

380
00:16:18,840 --> 00:16:21,440
Speaker 3: if everybody can use it, if it's visible, that that's

381
00:16:21,480 --> 00:16:26,280
Speaker 3: a good sign. Another thing I'm looking for is hours

382
00:16:26,320 --> 00:16:29,400
Speaker 3: of operation. So how long is this place open? Like

383
00:16:29,400 --> 00:16:32,120
Speaker 3: you said night shift, Some places open twenty four hours, right,

384
00:16:32,120 --> 00:16:34,360
Speaker 3: That gives you more selves versus it only being opened

385
00:16:34,440 --> 00:16:38,120
Speaker 3: for nine to five like, so that's another that's another

386
00:16:38,160 --> 00:16:42,680
Speaker 3: important brieteria close now right, So, and then probably the

387
00:16:42,760 --> 00:16:48,120
Speaker 3: last thing I'm looking for is foot traffic, right, which

388
00:16:48,120 --> 00:16:49,480
Speaker 3: is one of this is the most important thing. You

389
00:16:49,480 --> 00:16:52,040
Speaker 3: want to see. How many employees they got, how many

390
00:16:52,040 --> 00:16:54,120
Speaker 3: people are visiting this place, how many people are in

391
00:16:54,160 --> 00:16:55,880
Speaker 3: and out coming past this machine?

392
00:16:56,200 --> 00:16:58,000
Speaker 4: Yeah, one of the things you said, And as you

393
00:16:58,080 --> 00:17:00,640
Speaker 4: said it, I was like, wow, that's brilliant. Places that

394
00:17:00,720 --> 00:17:02,680
Speaker 4: have ideal time where people are just waiting. So I

395
00:17:02,680 --> 00:17:05,119
Speaker 4: would say a hospital, but when you just set laundry mat,

396
00:17:05,200 --> 00:17:08,560
Speaker 4: I'm thinking like, oh my gosh, yeah, like people are

397
00:17:08,560 --> 00:17:10,520
Speaker 4: sitting in there all day watching machines.

398
00:17:10,560 --> 00:17:14,520
Speaker 2: Though, no, laundry mats are big. Schools are big, Recreation

399
00:17:14,640 --> 00:17:17,359
Speaker 2: centers are big, Hospitals are big.

400
00:17:17,920 --> 00:17:18,960
Speaker 3: I'm thinking that's a number one.

401
00:17:19,000 --> 00:17:24,920
Speaker 2: Office buildings are big. Dorms dorms, college dorms. College dorms

402
00:17:24,960 --> 00:17:27,760
Speaker 2: are big. Yeah, yeah, yeah.

403
00:17:28,640 --> 00:17:32,119
Speaker 3: And give give an example is Temple. We have a

404
00:17:32,160 --> 00:17:37,040
Speaker 3: Temple dorm. God was doing business with that location does

405
00:17:37,040 --> 00:17:38,200
Speaker 3: around thirty five hundred?

406
00:17:38,960 --> 00:17:40,480
Speaker 2: My mom, how many machines? How many machines?

407
00:17:40,480 --> 00:17:43,480
Speaker 3: Who machines? You know what I mean? Cos kids don't

408
00:17:43,480 --> 00:17:45,919
Speaker 3: have a lot of money, and they don't have transportation.

409
00:17:46,000 --> 00:17:47,679
Speaker 2: So if you put the vend machine and that's that's you,

410
00:17:47,800 --> 00:17:48,520
Speaker 2: that's your machines.

411
00:17:49,200 --> 00:17:51,160
Speaker 3: These to those two are mind it's the guy. Actually,

412
00:17:51,160 --> 00:17:53,520
Speaker 3: I know we were talking a little camera. So another guy,

413
00:17:53,640 --> 00:17:55,880
Speaker 3: one of my first my first mentee, I helped him

414
00:17:55,880 --> 00:17:57,440
Speaker 3: find a spot and that was the spot that we got.

415
00:17:57,520 --> 00:17:59,400
Speaker 2: Yeah, thirty five hundred. That's that's the bread.

416
00:18:00,040 --> 00:18:03,240
Speaker 3: Two machines, two machines, thirty five And then on top

417
00:18:03,280 --> 00:18:05,880
Speaker 3: of that, since that building is to build the way build,

418
00:18:05,880 --> 00:18:07,720
Speaker 3: it could be more machines placed in there. And you said,

419
00:18:07,920 --> 00:18:09,200
Speaker 3: there's a difference in what I mean.

420
00:18:09,359 --> 00:18:11,320
Speaker 4: The older machines don't have something that's very important that

421
00:18:11,359 --> 00:18:14,040
Speaker 4: you said, and that's the card readers, right, because now

422
00:18:14,080 --> 00:18:15,760
Speaker 4: a lot of people don't have cash, but they do.

423
00:18:15,720 --> 00:18:18,160
Speaker 3: Have cards to use. So what we do is we'll

424
00:18:18,160 --> 00:18:21,440
Speaker 3: take the older machines and add upgrades. So we might

425
00:18:21,520 --> 00:18:24,359
Speaker 3: change the door. We might use what we call like

426
00:18:24,400 --> 00:18:26,680
Speaker 3: the lead lighting, so you know the little light strips.

427
00:18:26,680 --> 00:18:28,640
Speaker 3: Put that in the door, makes it a little brighter. Yeah,

428
00:18:28,680 --> 00:18:30,440
Speaker 3: and we can add to car readers, but we would

429
00:18:30,480 --> 00:18:32,240
Speaker 3: just have to change what's in there. It's called the

430
00:18:32,240 --> 00:18:36,800
Speaker 3: circuit board. Okay, expensive circuit board costs about two hundred dollars.

431
00:18:37,000 --> 00:18:39,399
Speaker 3: Car readers are about four hundred, so you're looking at

432
00:18:39,480 --> 00:18:41,800
Speaker 3: to use that as about additional six hundred dollars. But

433
00:18:42,320 --> 00:18:45,399
Speaker 3: on the flip side, those usually increase yourselves by at

434
00:18:45,480 --> 00:18:48,680
Speaker 3: least thirty forty percent. Like, so you know it's worth

435
00:18:48,680 --> 00:18:50,879
Speaker 3: for actually getting those on there if you know you

436
00:18:51,000 --> 00:18:52,840
Speaker 3: plan on doing it on a serious note.

437
00:18:53,240 --> 00:18:57,919
Speaker 2: So, okay, so as far as installation, right, how do

438
00:18:57,960 --> 00:19:00,200
Speaker 2: you know which products to put? So you just in

439
00:19:00,359 --> 00:19:02,760
Speaker 2: a machine and you can put anything in the machine, correct,

440
00:19:02,880 --> 00:19:06,359
Speaker 2: anything you want? How do you know what products do

441
00:19:06,400 --> 00:19:06,639
Speaker 2: you do?

442
00:19:06,760 --> 00:19:06,879
Speaker 3: Like?

443
00:19:07,000 --> 00:19:10,520
Speaker 2: Okay, I like three those, so like how do you

444
00:19:10,520 --> 00:19:12,479
Speaker 2: how do you know like which is a good product?

445
00:19:13,840 --> 00:19:16,560
Speaker 3: That's asking the question because all right, So my first

446
00:19:16,560 --> 00:19:18,320
Speaker 3: location that I got when I when I said it

447
00:19:18,440 --> 00:19:20,680
Speaker 3: was only doing only a few a few dollars or

448
00:19:20,720 --> 00:19:23,560
Speaker 3: whatever I was putting in there when I like, so

449
00:19:24,520 --> 00:19:26,399
Speaker 3: what I like, I was talking to I'm walking through

450
00:19:26,440 --> 00:19:29,359
Speaker 3: Sam's cub like okay, this is good, this is good.

451
00:19:29,600 --> 00:19:31,159
Speaker 3: But after a while I was like, no, you you

452
00:19:31,200 --> 00:19:33,879
Speaker 3: have to put in what they want. So what I

453
00:19:33,920 --> 00:19:35,840
Speaker 3: like to do is in my first if it's an office,

454
00:19:35,840 --> 00:19:38,040
Speaker 3: building and something like that. I'll use a newsletter and

455
00:19:38,080 --> 00:19:40,760
Speaker 3: outside the newsletter introducing my services, and I'll give them

456
00:19:40,760 --> 00:19:42,520
Speaker 3: an opportunity to put to tell me what they want

457
00:19:42,520 --> 00:19:45,800
Speaker 3: in the machine. That's like step one. Other than that,

458
00:19:45,840 --> 00:19:51,160
Speaker 3: it really comes down to demographics like this, certain certain demographics,

459
00:19:51,160 --> 00:19:55,240
Speaker 3: certain in the certain groups of people like like like

460
00:19:55,440 --> 00:19:57,680
Speaker 3: certain things. So from my experience, I know if I'm

461
00:19:57,720 --> 00:20:00,840
Speaker 3: dealing with a mostly like Carcasian, they tend to like

462
00:20:00,920 --> 00:20:05,240
Speaker 3: more of like the plane chips and like it, like

463
00:20:06,040 --> 00:20:09,040
Speaker 3: for the plain tips, whereas though it might be more

464
00:20:09,160 --> 00:20:13,679
Speaker 3: like you know, the flavor fold barbecue type. Yeah. Man,

465
00:20:15,280 --> 00:20:17,320
Speaker 3: it depends what you have, but it's it's definitely best

466
00:20:17,320 --> 00:20:19,000
Speaker 3: to always let the people tell you what they want

467
00:20:19,040 --> 00:20:21,479
Speaker 3: and the inventory you're actually going to get. Right. So,

468
00:20:21,560 --> 00:20:25,280
Speaker 3: like you would go into these warehouses I go to,

469
00:20:25,320 --> 00:20:26,840
Speaker 3: I go to Sam's Club, so I go to the

470
00:20:26,880 --> 00:20:29,880
Speaker 3: most mostly shop at Sam's Club, but I do have

471
00:20:30,119 --> 00:20:31,800
Speaker 3: a warehouse that I go to to get products. Now,

472
00:20:31,920 --> 00:20:34,320
Speaker 3: the thing with sam Club is it's good if you're

473
00:20:34,359 --> 00:20:36,800
Speaker 3: just doing it like small scale, but if you're buying

474
00:20:36,840 --> 00:20:39,920
Speaker 3: like variety boxes and chips and whatnot, they're going to

475
00:20:39,960 --> 00:20:41,560
Speaker 3: put a few they're going to put the good chips

476
00:20:41,560 --> 00:20:44,040
Speaker 3: in there. Then they're going to put like a they

477
00:20:44,080 --> 00:20:47,280
Speaker 3: always selection and that right, and that's the one that's

478
00:20:47,280 --> 00:20:48,919
Speaker 3: not going to sell. So when you're doing that on

479
00:20:48,920 --> 00:20:50,840
Speaker 3: a larger scale, you have to keep buying those boxes

480
00:20:50,840 --> 00:20:53,119
Speaker 3: and boxes. It's like, well, that's not that's that's losing

481
00:20:53,160 --> 00:20:55,320
Speaker 3: making me lose money. So when you get to a

482
00:20:55,359 --> 00:20:57,360
Speaker 3: certain point, you could just cut that out and then

483
00:20:57,480 --> 00:20:59,680
Speaker 3: if you go find a source, you have to find

484
00:20:59,680 --> 00:21:02,400
Speaker 3: a So you could just get the straight fire products,

485
00:21:02,440 --> 00:21:04,399
Speaker 3: but as you have to buy it in a larger quantity.

486
00:21:04,680 --> 00:21:07,320
Speaker 3: So that box of Sam's Club comes in a box

487
00:21:07,359 --> 00:21:10,560
Speaker 3: of thirty most of the time, whereas though if I

488
00:21:10,560 --> 00:21:12,679
Speaker 3: buy that in the larger quantity, I got about sixty

489
00:21:12,680 --> 00:21:15,680
Speaker 3: four box of sixty four all one selection, which is

490
00:21:15,720 --> 00:21:17,679
Speaker 3: gonna cost you more money because now you have to

491
00:21:17,720 --> 00:21:20,560
Speaker 3: put that that that variety box points is gonna take

492
00:21:20,720 --> 00:21:22,639
Speaker 3: about four or five roads because it's different chips in

493
00:21:22,640 --> 00:21:25,080
Speaker 3: there versus it just being one whole box and one

494
00:21:25,080 --> 00:21:28,399
Speaker 3: product that's only one row a product. How often are

495
00:21:28,440 --> 00:21:32,760
Speaker 3: you changing the machines weekly? Weekly, weekly? Yeah, So if

496
00:21:32,800 --> 00:21:35,040
Speaker 3: I mean, if you're doing it more than more than

497
00:21:35,240 --> 00:21:37,880
Speaker 3: once a week, you probably need a bigger machine. If

498
00:21:37,920 --> 00:21:39,399
Speaker 3: you're if you're not doing it once a week, you

499
00:21:39,400 --> 00:21:40,720
Speaker 3: probably need a smaller machine.

500
00:21:41,240 --> 00:21:44,960
Speaker 2: And like, so, how do you know what to charge?

501
00:21:45,000 --> 00:21:47,080
Speaker 2: Because you can charge anything. I just found that out.

502
00:21:47,119 --> 00:21:47,840
Speaker 2: You can tuch anything.

503
00:21:48,000 --> 00:21:50,240
Speaker 3: The prices, yeah, you set you set all your own prices.

504
00:21:50,680 --> 00:21:52,960
Speaker 3: And once again, it just comes down to demographics. It

505
00:21:53,000 --> 00:21:55,320
Speaker 3: comes down to the region, the area you actually you

506
00:21:55,359 --> 00:21:58,439
Speaker 3: know working in. I know earners. What's up?

507
00:21:58,520 --> 00:22:01,040
Speaker 4: You ever walk into a small business and everything just

508
00:22:01,200 --> 00:22:04,360
Speaker 4: works like the checkout is fast, the receipts are digital,

509
00:22:04,880 --> 00:22:07,879
Speaker 4: tipping is a breeze, and you're out the door before

510
00:22:07,880 --> 00:22:12,040
Speaker 4: the line even builds odds are they're using Square. We

511
00:22:12,200 --> 00:22:14,720
Speaker 4: love supporting businesses that run on Square because it just

512
00:22:14,760 --> 00:22:18,000
Speaker 4: feels seamless. Whether it's a local coffee shop, a vendor

513
00:22:18,040 --> 00:22:20,320
Speaker 4: at a pop up market, or even one of our

514
00:22:20,359 --> 00:22:24,000
Speaker 4: merch partners, Square makes it easy for them to take payments,

515
00:22:24,240 --> 00:22:27,920
Speaker 4: manage inventory, and run their business with confidence, all from

516
00:22:28,040 --> 00:22:31,440
Speaker 4: one simple system. If you're a business owner or even

517
00:22:31,560 --> 00:22:35,080
Speaker 4: just thinking about launching something soon, Square is hands down

518
00:22:35,080 --> 00:22:37,439
Speaker 4: one of the best tools out there to help you start,

519
00:22:37,840 --> 00:22:41,359
Speaker 4: run and grow. It's not just about payments, it's about

520
00:22:41,400 --> 00:22:43,840
Speaker 4: giving you time back so you can focus on.

521
00:22:43,760 --> 00:22:45,200
Speaker 3: What matters most ready.

522
00:22:45,240 --> 00:22:48,600
Speaker 4: To see how Square can transform your business, visit Square

523
00:22:48,680 --> 00:22:53,199
Speaker 4: dot com backslash go backslash eyl to learn more that

524
00:22:53,400 --> 00:22:58,880
Speaker 4: Square dot Com backslash, go backslash eyl. Don't wait, don't hesitate.

525
00:22:59,000 --> 00:23:01,360
Speaker 4: Let's Square handle the back end so you can keep

526
00:23:01,400 --> 00:23:07,480
Speaker 4: pushing your vision forward. This episode is brought to you

527
00:23:07,520 --> 00:23:09,800
Speaker 4: by P and C Bank. A lot of people think

528
00:23:09,840 --> 00:23:13,720
Speaker 4: podcasts about work are boring, and sure they definitely can be,

529
00:23:14,240 --> 00:23:17,480
Speaker 4: But understanding a professionals routine shows us how they achieve

530
00:23:17,520 --> 00:23:21,760
Speaker 4: their success little by little, day after day. It's like

531
00:23:21,840 --> 00:23:24,600
Speaker 4: banking with P and C Bank. It might seem boring

532
00:23:24,640 --> 00:23:27,480
Speaker 4: to save, plan and make calculated decisions with your bank,

533
00:23:27,920 --> 00:23:30,400
Speaker 4: but keeping your money boring is what helps you live

534
00:23:30,480 --> 00:23:34,520
Speaker 4: a more happily fulfilled life. P and C Bank Brilliantly

535
00:23:34,600 --> 00:23:39,199
Speaker 4: Boring since eighteen sixty five. Brilliantly Boring since eighteen sixty

536
00:23:39,200 --> 00:23:42,480
Speaker 4: five is a service mark of the PNC Financial Service Group, Inc.

537
00:23:42,920 --> 00:23:46,359
Speaker 4: P and C Bank National Association Member FDIC.

538
00:23:48,520 --> 00:23:52,399
Speaker 1: You just realized your business needed to hire someone yesterday.

539
00:23:52,920 --> 00:23:57,120
Speaker 1: How can you find amazing candidates fast? Easy? Just use

540
00:23:57,200 --> 00:24:00,480
Speaker 1: indeed stop struggling to get your job posts seen on

541
00:24:00,600 --> 00:24:04,480
Speaker 1: other job sites. With Indeed sponsored jobs, your post jumps

542
00:24:04,480 --> 00:24:06,840
Speaker 1: to the top of the page for your relevant candidates,

543
00:24:07,080 --> 00:24:10,080
Speaker 1: so you can reach the people you want faster. According

544
00:24:10,160 --> 00:24:13,800
Speaker 1: to Indeed data, sponsored jobs posted directly on Indeed have

545
00:24:13,920 --> 00:24:17,960
Speaker 1: forty five percent more applications than non sponsored jobs. Don't

546
00:24:17,960 --> 00:24:21,640
Speaker 1: wait any longer. Speed up your hiring right now with Indeed,

547
00:24:22,080 --> 00:24:24,320
Speaker 1: and listeners of this show will get a seventy five

548
00:24:24,400 --> 00:24:27,560
Speaker 1: dollars sponsored job credit to get your jobs more visibility

549
00:24:27,720 --> 00:24:33,399
Speaker 1: at indeed dot com slash pod Katz thirteen. Just go

550
00:24:33,480 --> 00:24:38,280
Speaker 1: to Indeed dot com slash pod katz thirteen right now

551
00:24:38,600 --> 00:24:41,160
Speaker 1: and support our show by saying you heard about Indeed

552
00:24:41,200 --> 00:24:45,520
Speaker 1: on this podcast. Terms and conditions apply. Hiring Indeed is

553
00:24:45,560 --> 00:24:46,160
Speaker 1: all you need.

554
00:24:46,640 --> 00:24:49,000
Speaker 3: We're over here in New York. My candy bors are

555
00:24:49,040 --> 00:24:50,960
Speaker 3: going to be about two dollars, Like what if I'm

556
00:24:51,000 --> 00:24:52,560
Speaker 3: in Philly over there is going to be about one

557
00:24:52,560 --> 00:24:54,600
Speaker 3: twenty five. But the main thing I'm looking at is

558
00:24:54,640 --> 00:24:57,760
Speaker 3: I'm looking at my internal investment, like my RRI or

559
00:24:57,920 --> 00:25:01,879
Speaker 3: r Yeah. So I'm like, if I'm spending X amount,

560
00:25:01,920 --> 00:25:06,120
Speaker 3: I want at least double that. So at minimum I'm

561
00:25:06,119 --> 00:25:08,520
Speaker 3: doubling when I'm paying for the products. But I'm actually well,

562
00:25:08,560 --> 00:25:11,159
Speaker 3: I always try to reach like the triple. I try to,

563
00:25:11,200 --> 00:25:13,240
Speaker 3: you know, get the three hundred percent mark what I'm

564
00:25:13,280 --> 00:25:16,679
Speaker 3: actually paying back, what I'm actually paying for the product.

565
00:25:16,680 --> 00:25:18,400
Speaker 3: So whatever I'm investing, I'm trying at least.

566
00:25:18,560 --> 00:25:20,080
Speaker 2: If I buy a candy bar for a dollar, I

567
00:25:20,080 --> 00:25:22,040
Speaker 2: need to I need to charge three dollars in the

568
00:25:22,119 --> 00:25:24,840
Speaker 2: vending machine. Just using that as like an exact exam. Obvious,

569
00:25:24,840 --> 00:25:26,280
Speaker 2: you're not gonna charge three dollars for candy bar.

570
00:25:26,280 --> 00:25:28,480
Speaker 4: But saying they did that at my job, Like I

571
00:25:28,520 --> 00:25:31,679
Speaker 4: went to the vendor machine in the sixty five cent

572
00:25:31,760 --> 00:25:33,160
Speaker 4: bag of chips is now five dollars?

573
00:25:33,760 --> 00:25:36,520
Speaker 2: Is it really five dollars? The picture I was like, no,

574
00:25:36,640 --> 00:25:37,760
Speaker 2: this is a job impossible.

575
00:25:37,760 --> 00:25:39,200
Speaker 3: I'm gonna say the picture it was ridiculous.

576
00:25:39,359 --> 00:25:42,119
Speaker 2: I'm like, wait, impossible, I seen a picture.

577
00:25:42,480 --> 00:25:43,800
Speaker 3: No, Joe, I'm like, this is ridiculous.

578
00:25:43,800 --> 00:25:44,639
Speaker 2: What kind of tips are.

579
00:25:44,480 --> 00:25:48,040
Speaker 3: The souths no sound chips? How big is the bag

580
00:25:48,119 --> 00:25:51,200
Speaker 3: of ship? It's the sisty like the normal sixty five cent.

581
00:25:51,119 --> 00:25:52,280
Speaker 2: Bag of ship. No, it's impossible.

582
00:25:52,280 --> 00:25:54,280
Speaker 3: So it was like the two houns bag it's like

583
00:25:54,359 --> 00:25:56,000
Speaker 3: zero point seven, so I will sending out the picture.

584
00:25:56,119 --> 00:25:58,800
Speaker 2: Yeah, it's impossible us, that's crazy.

585
00:25:58,640 --> 00:26:00,159
Speaker 3: But they do, you know, people do do that. I

586
00:26:00,200 --> 00:26:02,879
Speaker 3: mean no, I never seen five dollars. I see. It's

587
00:26:02,880 --> 00:26:07,120
Speaker 3: like the airport located like the airport or like the hotels,

588
00:26:07,160 --> 00:26:08,240
Speaker 3: you could really charge more.

589
00:26:08,200 --> 00:26:11,640
Speaker 2: For you vendom machines in the airport. That's that's where

590
00:26:11,640 --> 00:26:14,280
Speaker 2: you make money. Airport prices is just ridiculous just because

591
00:26:14,280 --> 00:26:15,879
Speaker 2: it's airport.

592
00:26:15,880 --> 00:26:18,840
Speaker 4: Because now they got the vending machines that sell electronics.

593
00:26:19,520 --> 00:26:21,520
Speaker 3: So that's that's another thing I wanted to touch on too,

594
00:26:21,680 --> 00:26:24,080
Speaker 3: is like you could think outside the box and get creative.

595
00:26:24,200 --> 00:26:26,040
Speaker 3: You could sell anything out of the machine. You can

596
00:26:26,119 --> 00:26:30,399
Speaker 3: sell electronics. Uh. Somebody I found online was selling nick

597
00:26:30,440 --> 00:26:32,399
Speaker 3: knacks out of them in the in the airport and

598
00:26:32,440 --> 00:26:33,880
Speaker 3: she was making eight thousand dollars a year.

599
00:26:34,000 --> 00:26:35,560
Speaker 2: What what what's a nick knack?

600
00:26:36,080 --> 00:26:38,520
Speaker 3: So like the stuff that you know you might get

601
00:26:38,520 --> 00:26:40,359
Speaker 3: while you're in that city or whatever. Like there was

602
00:26:40,840 --> 00:26:41,520
Speaker 3: a little whatever.

603
00:26:41,359 --> 00:26:44,359
Speaker 2: Like the little trunkeets and like little Welcome to l A,

604
00:26:44,680 --> 00:26:45,160
Speaker 2: I Love New.

605
00:26:45,160 --> 00:26:47,199
Speaker 3: York arms and stuff like that. And she had like

606
00:26:47,240 --> 00:26:49,720
Speaker 3: bought up T shirts in there, like you know, making

607
00:26:49,800 --> 00:26:52,600
Speaker 3: making good money, like just taking outside the box. I

608
00:26:52,640 --> 00:26:56,560
Speaker 3: also see no one but you put two and trying

609
00:26:56,560 --> 00:26:58,000
Speaker 3: to do it every time, right, Like, so it's just

610
00:26:58,040 --> 00:26:59,320
Speaker 3: a lot of different things you could you could put

611
00:26:59,320 --> 00:27:01,280
Speaker 3: in there if you like, get creative with it. What's

612
00:27:01,320 --> 00:27:05,560
Speaker 3: the craziest one you've seen? Craziest one?

613
00:27:06,560 --> 00:27:08,080
Speaker 2: You have one on your page when you buy and

614
00:27:08,080 --> 00:27:08,919
Speaker 2: they have gold bars.

615
00:27:09,960 --> 00:27:11,840
Speaker 3: Yeah. I haven't seen that one though, but yeah I've

616
00:27:11,840 --> 00:27:14,919
Speaker 3: seen that. Yeah, yeah, yeah bar.

617
00:27:15,320 --> 00:27:18,040
Speaker 2: You can buy go bars for pieces of gold.

618
00:27:18,160 --> 00:27:19,359
Speaker 4: I don't know why you want to buy it, but

619
00:27:19,440 --> 00:27:22,399
Speaker 4: you know that's just let's go to the machine and

620
00:27:22,400 --> 00:27:22,840
Speaker 4: get some gold.

621
00:27:22,880 --> 00:27:24,200
Speaker 3: Yeah, yeah, but you know, it's a lot. That's a

622
00:27:24,200 --> 00:27:25,960
Speaker 3: lot of crazy ones out there. Man, I've seen something

623
00:27:26,040 --> 00:27:29,000
Speaker 3: for you selling water. I've seen pizza is a piece

624
00:27:29,000 --> 00:27:30,760
Speaker 3: of that. There was there was an article about that

625
00:27:30,760 --> 00:27:32,720
Speaker 3: they're putting that on college campuses. But it makes the

626
00:27:32,720 --> 00:27:35,000
Speaker 3: pizza in like ninety seconds or something. They had a

627
00:27:35,000 --> 00:27:40,680
Speaker 3: planing d machine on college campus another college campus, and

628
00:27:40,920 --> 00:27:41,680
Speaker 3: it's actually not for.

629
00:27:42,040 --> 00:27:47,000
Speaker 2: Well, that's actually honestly, honestly contraception machine. No, that's not

630
00:27:47,040 --> 00:27:49,480
Speaker 2: a bad idea. Now that's the contraception machines is not

631
00:27:49,480 --> 00:27:50,800
Speaker 2: a bad idea. You have condoms, the used to put

632
00:27:50,800 --> 00:27:51,480
Speaker 2: them in a bathroom.

633
00:27:51,600 --> 00:27:54,240
Speaker 3: Remember you used to put a quarter and then you

634
00:27:54,280 --> 00:27:54,720
Speaker 3: don't remember.

635
00:27:55,240 --> 00:27:56,320
Speaker 2: No, I haven't seen it.

636
00:27:56,320 --> 00:27:57,879
Speaker 3: It's a little like you put a quarter and you

637
00:27:57,920 --> 00:27:59,159
Speaker 3: get a contraception.

638
00:27:59,760 --> 00:28:02,280
Speaker 2: That wow, is that is that even legal?

639
00:28:04,720 --> 00:28:06,600
Speaker 3: I know, I know they got them out there, like

640
00:28:06,640 --> 00:28:09,760
Speaker 3: the like here weave and eyelashes, so.

641
00:28:09,800 --> 00:28:13,000
Speaker 2: You know what what about medical marijuana? Marijuana period, that too.

642
00:28:13,000 --> 00:28:15,320
Speaker 3: They got those out in California, they got the America.

643
00:28:15,400 --> 00:28:18,600
Speaker 3: So I'm not exactly sure how those operate because you

644
00:28:18,600 --> 00:28:21,360
Speaker 3: know that's that's regulated. So you need I D and whatnot.

645
00:28:21,920 --> 00:28:25,919
Speaker 3: Security of that machine probably, yeah, that's a little different,

646
00:28:25,920 --> 00:28:27,320
Speaker 3: but they do have dudes out there.

647
00:28:27,359 --> 00:28:31,239
Speaker 4: What about vandalism, Like, if somebody destroys your machine, how

648
00:28:31,280 --> 00:28:31,800
Speaker 4: does that you have.

649
00:28:31,840 --> 00:28:34,000
Speaker 3: Insurance on it? Yeah, I haven't. I had that happen

650
00:28:34,119 --> 00:28:37,760
Speaker 3: before once. But yeah, so basically, if somebody destroys it,

651
00:28:37,920 --> 00:28:40,080
Speaker 3: messes up you just if you got insurance on it,

652
00:28:40,080 --> 00:28:43,520
Speaker 3: then you cover. If not, you know, you can.

653
00:28:43,440 --> 00:28:45,560
Speaker 4: Go through any insurance company. Got closed State Farm and

654
00:28:45,560 --> 00:28:48,280
Speaker 4: then it's literally I'm not sure if it's any I

655
00:28:48,280 --> 00:28:48,920
Speaker 4: know State.

656
00:28:48,720 --> 00:28:53,200
Speaker 3: Farm it's one, but it's this regular, regular insurance companies covered.

657
00:28:53,400 --> 00:28:55,160
Speaker 3: Is it prizy, No, it's not pricey at all.

658
00:28:55,160 --> 00:28:57,520
Speaker 2: It's not you recommend always having that, I would reo.

659
00:28:57,600 --> 00:28:59,720
Speaker 3: I would definitely recommend having insurance. But the thing is

660
00:28:59,760 --> 00:29:01,880
Speaker 3: when you actually go through the process, but picking out

661
00:29:01,880 --> 00:29:04,720
Speaker 3: a good location, if you're meeting the criteria, it's hard

662
00:29:04,720 --> 00:29:07,320
Speaker 3: to do vandalism because if the machine is somewhere open

663
00:29:07,920 --> 00:29:09,800
Speaker 3: and somewhere is you know, it's if it's in that

664
00:29:09,880 --> 00:29:11,760
Speaker 3: And if a place is always you know, has long hours,

665
00:29:11,760 --> 00:29:13,960
Speaker 3: most of some of their security, and mostly nine times

666
00:29:13,960 --> 00:29:15,640
Speaker 3: out of ten that's that been the machine is somewhere

667
00:29:15,680 --> 00:29:17,640
Speaker 3: near that security, like wherever it's sitting at in the

668
00:29:17,680 --> 00:29:20,160
Speaker 3: lobby somewhere, So it's always gonna be somewhere where people

669
00:29:20,240 --> 00:29:21,880
Speaker 3: where people see it. And like it's always if it's

670
00:29:21,920 --> 00:29:23,760
Speaker 3: foot traffic, it's going to be. If it's good foot traffic,

671
00:29:23,800 --> 00:29:25,720
Speaker 3: then people are always going to be around. So it's hard

672
00:29:25,720 --> 00:29:28,440
Speaker 3: to vandalyize, you know, machines.

673
00:29:28,880 --> 00:29:31,400
Speaker 2: With cameras like a school or community center.

674
00:29:31,840 --> 00:29:34,400
Speaker 3: Min's minds happened more so when I had it in

675
00:29:34,440 --> 00:29:38,240
Speaker 3: that hotel, were talking when that when it shut down,

676
00:29:38,280 --> 00:29:40,680
Speaker 3: it was like when I went back there, it was over.

677
00:29:40,800 --> 00:29:42,520
Speaker 2: What's the what's the life span of a machine?

678
00:29:43,720 --> 00:29:45,959
Speaker 3: That's a great question. I mean I have some machines

679
00:29:45,960 --> 00:29:48,680
Speaker 3: I haven't had any issues with like since I had

680
00:29:49,080 --> 00:29:51,280
Speaker 3: and some of them you get it's just like problems.

681
00:29:51,320 --> 00:29:53,680
Speaker 3: I have one machine in particular that's it's always giving

682
00:29:53,680 --> 00:29:55,520
Speaker 3: me a problem. I actually switched it out recently with

683
00:29:55,640 --> 00:29:56,440
Speaker 3: what type of problems?

684
00:29:56,440 --> 00:29:59,280
Speaker 4: Like the mechanical doesn't dispense the merchandise?

685
00:29:59,560 --> 00:30:02,360
Speaker 3: No, So in the machine really is only about it's

686
00:30:02,360 --> 00:30:05,440
Speaker 3: about three parts. You got your your bill accepted. A

687
00:30:05,480 --> 00:30:07,120
Speaker 3: lot of people think like, oh what about that's that's

688
00:30:07,120 --> 00:30:08,480
Speaker 3: one of the questions. I get a lot too. What

689
00:30:08,520 --> 00:30:10,920
Speaker 3: about the cost of maintenance? I don't really Mainly the

690
00:30:10,960 --> 00:30:12,880
Speaker 3: cost of maintenance isn't high at all, Like it's really

691
00:30:12,920 --> 00:30:15,560
Speaker 3: like it's rare that something goes wrong with those machines.

692
00:30:15,600 --> 00:30:19,520
Speaker 3: But you got your bill acceptor your coin mechanism, which

693
00:30:19,600 --> 00:30:21,239
Speaker 3: is where you put the coins in, and then you

694
00:30:21,280 --> 00:30:24,480
Speaker 3: have your your board. So your board is like the

695
00:30:24,560 --> 00:30:27,680
Speaker 3: thing everything is connected to the press east four No,

696
00:30:27,840 --> 00:30:30,600
Speaker 3: but yeah, basically but that that runs to a little

697
00:30:30,600 --> 00:30:33,040
Speaker 3: board that's inside of the machine, right, And those are

698
00:30:33,120 --> 00:30:35,360
Speaker 3: the main three parts that the coils and stuff don't

699
00:30:35,360 --> 00:30:37,280
Speaker 3: really that. Those are run by little motors, but those

700
00:30:37,320 --> 00:30:40,640
Speaker 3: don't really go bad. Those are typically okay with the

701
00:30:40,720 --> 00:30:43,480
Speaker 3: with the the thing that gets the most used is

702
00:30:43,480 --> 00:30:45,520
Speaker 3: the bill accepted because people are always putting the bills

703
00:30:45,560 --> 00:30:49,200
Speaker 3: in there or whatever. I probably switched that out probably

704
00:30:49,240 --> 00:30:52,280
Speaker 3: every like maybe like two years or something. But if

705
00:30:52,280 --> 00:30:53,880
Speaker 3: you're if you're taking care of the right way, you're

706
00:30:53,880 --> 00:30:56,000
Speaker 3: gonna have to do that. I'm bad at that part,

707
00:30:56,040 --> 00:30:58,400
Speaker 3: but you know you could have. You could order a

708
00:30:58,440 --> 00:31:01,440
Speaker 3: thing off Amazon. It's like a little sticky It looks

709
00:31:01,480 --> 00:31:03,920
Speaker 3: like a sticky card. You put it in there and

710
00:31:03,960 --> 00:31:05,520
Speaker 3: then pull it out and it pulls all the dirt

711
00:31:05,560 --> 00:31:08,400
Speaker 3: and stuff out of the the bulletcept that which helps

712
00:31:08,400 --> 00:31:10,840
Speaker 3: it keeps it clean because what's in there is it's

713
00:31:10,840 --> 00:31:13,880
Speaker 3: a reader. So once that reader gets to like dirty

714
00:31:14,320 --> 00:31:17,440
Speaker 3: or too like you know, beat up, it doesn't work anymore.

715
00:31:17,760 --> 00:31:18,600
Speaker 2: So how do you all?

716
00:31:18,640 --> 00:31:18,760
Speaker 3: Right?

717
00:31:18,800 --> 00:31:20,600
Speaker 2: So the money you collect just you know you're going

718
00:31:20,600 --> 00:31:23,360
Speaker 2: in But like the credit card, how that gets goals

719
00:31:23,400 --> 00:31:25,520
Speaker 2: that in that process and that goes like directly to

720
00:31:25,640 --> 00:31:26,440
Speaker 2: like a PayPal.

721
00:31:26,160 --> 00:31:28,800
Speaker 3: Account, it goes directly to the bank account. The bank account,

722
00:31:29,440 --> 00:31:31,520
Speaker 3: so every time somebody uses goes right, in, but it

723
00:31:31,560 --> 00:31:34,760
Speaker 3: goes it doesn't go right in, it goes to that

724
00:31:34,760 --> 00:31:38,000
Speaker 3: that service, It goes to that provider's account. Then they

725
00:31:38,000 --> 00:31:40,080
Speaker 3: have a payout and then they pay similar to what

726
00:31:40,120 --> 00:31:41,520
Speaker 3: you would us like what I can shopify.

727
00:31:41,680 --> 00:31:43,720
Speaker 2: Yeah, like shoot.

728
00:31:43,520 --> 00:31:45,880
Speaker 3: Your payout date and then on those days you get

729
00:31:45,880 --> 00:31:48,280
Speaker 3: paid out for whatever card reader selves that you had.

730
00:31:48,360 --> 00:31:50,760
Speaker 4: What about the process of buying and selling routes, I

731
00:31:50,800 --> 00:31:53,640
Speaker 4: know sometimes you said that if there is a slow time,

732
00:31:53,960 --> 00:31:55,640
Speaker 4: you might want to sell that machine or.

733
00:31:55,560 --> 00:31:58,000
Speaker 3: Sell that route, and talk about that little bit. Yeah,

734
00:31:58,040 --> 00:32:00,440
Speaker 3: So I mean in the business, you know, obviously the

735
00:32:00,440 --> 00:32:02,760
Speaker 3: the bulk of your money is going to come from

736
00:32:02,880 --> 00:32:05,400
Speaker 3: you selling products out of your machine, but it's also

737
00:32:05,480 --> 00:32:08,360
Speaker 3: other ways to make money once you get going, of

738
00:32:08,400 --> 00:32:10,920
Speaker 3: which one of the best ways is, like you just said,

739
00:32:10,920 --> 00:32:13,960
Speaker 3: buying and selling routes. So I might like for the

740
00:32:14,000 --> 00:32:15,840
Speaker 3: perfect the perfect scenario or the best scenario I had

741
00:32:15,920 --> 00:32:19,000
Speaker 3: with buying buying a route and selling it was I

742
00:32:19,040 --> 00:32:22,560
Speaker 3: brought a route for thirty five hundred. Now, originally the

743
00:32:22,560 --> 00:32:24,880
Speaker 3: guy was trying to charge me like seven thousand Ford

744
00:32:24,960 --> 00:32:26,680
Speaker 3: or something like that. I was like, no, I'm okay,

745
00:32:26,720 --> 00:32:28,800
Speaker 3: I'm not even really That's what I'm not really looking

746
00:32:28,800 --> 00:32:31,640
Speaker 3: for anything. But you know, he couldn't sell it. So

747
00:32:31,680 --> 00:32:33,440
Speaker 3: he came back to me. He was like, you know,

748
00:32:33,520 --> 00:32:34,880
Speaker 3: I still got this route. I'll give it to you

749
00:32:34,880 --> 00:32:37,440
Speaker 3: for thirty five. And I'm like, okay, So I'm looking

750
00:32:37,480 --> 00:32:40,440
Speaker 3: at it. It's six it's six Vendom machines, and it's

751
00:32:40,480 --> 00:32:43,960
Speaker 3: three locations. So I'm like, man's that's that's like a giveaway.

752
00:32:44,560 --> 00:32:47,520
Speaker 3: I'm like, okay, I'll take it for thirty five. So

753
00:32:47,560 --> 00:32:50,240
Speaker 3: I brought it. I checked out the locations. Two of

754
00:32:50,280 --> 00:32:52,800
Speaker 3: the locations I didn't I didn't like, so I'm like, okay,

755
00:32:52,920 --> 00:32:56,200
Speaker 3: this location is bad, but it was good machines in there.

756
00:32:56,240 --> 00:32:59,160
Speaker 3: The other location was bad. One location was good. So

757
00:33:00,440 --> 00:33:02,600
Speaker 3: what I did was I kept a good location and

758
00:33:02,640 --> 00:33:05,320
Speaker 3: I sold the other two locations for thirty five apiece.

759
00:33:06,160 --> 00:33:09,360
Speaker 3: So I ended up making a profit of seven thousand

760
00:33:09,800 --> 00:33:12,680
Speaker 3: off of that situation. So that's just another way to

761
00:33:12,680 --> 00:33:14,800
Speaker 3: make money on the back. And so if you're into

762
00:33:14,800 --> 00:33:17,800
Speaker 3: buying routes, like you could just buy a route out

763
00:33:17,920 --> 00:33:20,320
Speaker 3: maybe set you could you could keep the machines, you know,

764
00:33:20,360 --> 00:33:22,360
Speaker 3: sell the machines, or you could just try to sell

765
00:33:22,400 --> 00:33:24,280
Speaker 3: the machine on location, which is easier to sell them

766
00:33:24,280 --> 00:33:26,360
Speaker 3: if they already placed like that that takes work off

767
00:33:26,360 --> 00:33:27,000
Speaker 3: of the next man.

768
00:33:27,240 --> 00:33:29,120
Speaker 2: Is the any way to get a machine for free,

769
00:33:29,240 --> 00:33:32,040
Speaker 2: like financing or pay it back on the back end

770
00:33:32,160 --> 00:33:34,840
Speaker 2: through money that you make and future or no.

771
00:33:35,600 --> 00:33:39,760
Speaker 3: It's a great question. So you can rent machines from

772
00:33:39,880 --> 00:33:42,000
Speaker 3: the same type of people that I talked about before,

773
00:33:42,080 --> 00:33:44,320
Speaker 3: as far as like with the if you're going through

774
00:33:44,320 --> 00:33:46,360
Speaker 3: a vending warehouse, they do allow you to rent machines.

775
00:33:46,360 --> 00:33:48,560
Speaker 3: Sometimes if you look online you can find some people

776
00:33:48,560 --> 00:33:50,920
Speaker 3: that rent machines as well. I don't really suggest doing

777
00:33:50,920 --> 00:33:53,600
Speaker 3: it because it gives you like an overhead you know

778
00:33:53,680 --> 00:33:55,560
Speaker 3: where you know, if that's your way in and that's

779
00:33:55,560 --> 00:33:57,680
Speaker 3: your way you know what I'm saying. But you could

780
00:33:57,760 --> 00:34:02,120
Speaker 3: also once once you get to a certain point in

781
00:34:02,160 --> 00:34:05,560
Speaker 3: the business, like like I mentioned before with Coca Cola

782
00:34:05,640 --> 00:34:07,360
Speaker 3: and Pepsi with one of the one of the programs

783
00:34:07,360 --> 00:34:09,320
Speaker 3: that they have is once you buy a certain amount

784
00:34:09,320 --> 00:34:11,920
Speaker 3: of their product, they give you machines, but it has

785
00:34:11,960 --> 00:34:12,800
Speaker 3: to be on a contract.

786
00:34:13,080 --> 00:34:15,000
Speaker 2: So can you say, like buy their products, like.

787
00:34:15,200 --> 00:34:16,800
Speaker 3: You're putting their sodas in your machine.

788
00:34:16,840 --> 00:34:19,480
Speaker 2: So they got like ten thousand dollars worth of coke.

789
00:34:19,840 --> 00:34:22,160
Speaker 3: It's not ten thousand dollars, but it's like it's definitely

790
00:34:22,600 --> 00:34:24,360
Speaker 3: a good amount, and you have to buy. You have

791
00:34:24,360 --> 00:34:27,279
Speaker 3: to you're committed to buying that amount at least at

792
00:34:27,320 --> 00:34:30,440
Speaker 3: minimum every month. But they'll give you the Vendom machine

793
00:34:30,480 --> 00:34:32,960
Speaker 3: for free because obviously it's helping them, it's helping you

794
00:34:33,000 --> 00:34:35,120
Speaker 3: move that product, you know. But that's the way to

795
00:34:35,160 --> 00:34:36,840
Speaker 3: get through your Vendom machines too, But that's not We

796
00:34:36,840 --> 00:34:38,760
Speaker 3: probably won't do that until, like you know, later down.

797
00:34:39,280 --> 00:34:42,600
Speaker 4: About the contracts. What are the typical links of the contract?

798
00:34:42,640 --> 00:34:44,919
Speaker 3: Is it like six months of the year about two years?

799
00:34:44,920 --> 00:34:46,839
Speaker 3: I do two years two year contract, yeah, two two

800
00:34:46,880 --> 00:34:47,520
Speaker 3: year increments.

801
00:34:47,640 --> 00:34:50,400
Speaker 2: So all right, well that was a lot of information

802
00:34:50,960 --> 00:34:53,160
Speaker 2: for sure. So in the next second, we're gonna bring

803
00:34:53,200 --> 00:34:56,120
Speaker 2: you home, all right, so we're gonna close it out.

804
00:34:56,120 --> 00:34:58,920
Speaker 2: But before I got I got a few questions. So

805
00:34:59,000 --> 00:35:01,959
Speaker 2: all right, it's in schools with kids and stuff like that.

806
00:35:02,640 --> 00:35:05,400
Speaker 2: What's your thoughts on because it's childhood. PCD is a

807
00:35:05,400 --> 00:35:10,920
Speaker 2: big thing, So what's your thoughts on like junk food

808
00:35:11,600 --> 00:35:13,720
Speaker 2: because you can have healthy stuff in there as well,

809
00:35:13,920 --> 00:35:17,239
Speaker 2: obviously not as popular. Do you ever think about that?

810
00:35:17,440 --> 00:35:19,759
Speaker 3: Or yeah, that's something that actually comes up a lot

811
00:35:19,760 --> 00:35:22,000
Speaker 3: of times in the meetings when I'm talking to like

812
00:35:22,000 --> 00:35:26,200
Speaker 3: the potential locations, so they you know, they always want

813
00:35:26,200 --> 00:35:28,640
Speaker 3: the healthy selections, which I'm big on healthy selections anyway.

814
00:35:29,080 --> 00:35:31,640
Speaker 3: Definitely want to give people a choice. So I like

815
00:35:31,680 --> 00:35:36,600
Speaker 3: to put half traditional and then I put half healthy.

816
00:35:36,800 --> 00:35:41,440
Speaker 3: I tried the whole healthy thing one and go that well,

817
00:35:41,480 --> 00:35:43,680
Speaker 3: So I definitely do. I do, like like some of

818
00:35:43,680 --> 00:35:45,759
Speaker 3: my most of the time of vendom machine will have

819
00:35:45,840 --> 00:35:48,880
Speaker 3: multiple roles of like two roaster chips, two roaster snacks,

820
00:35:49,040 --> 00:35:50,960
Speaker 3: and then you got your candy roll or whatever. So

821
00:35:51,080 --> 00:35:54,279
Speaker 3: on my top one, I'll make half of that like

822
00:35:54,360 --> 00:35:55,400
Speaker 3: big or.

823
00:35:55,440 --> 00:35:57,760
Speaker 2: Something like you know, like a power bar something like that.

824
00:35:57,719 --> 00:35:59,800
Speaker 3: Not not not for the chips, but like this like

825
00:35:59,840 --> 00:36:04,480
Speaker 3: something big. And then once we get to like the snack,

826
00:36:04,520 --> 00:36:06,960
Speaker 3: when the candy road, I'll just make sure it's like

827
00:36:07,000 --> 00:36:10,840
Speaker 3: some healthy stuff like trail mix or be like a

828
00:36:10,880 --> 00:36:12,799
Speaker 3: power bar, so it is something something that's you know,

829
00:36:12,880 --> 00:36:16,000
Speaker 3: it'd be good for something somebody grab quick that's still

830
00:36:16,000 --> 00:36:16,640
Speaker 3: healthy for you.

831
00:36:16,719 --> 00:36:18,759
Speaker 4: And depending on where you're at right like that, you

832
00:36:18,840 --> 00:36:20,920
Speaker 4: have to take that into account as far as inventory,

833
00:36:20,920 --> 00:36:23,680
Speaker 4: because like you said, Philly got the sugar tacks, right,

834
00:36:23,719 --> 00:36:24,719
Speaker 4: so when buying stuff.

835
00:36:24,480 --> 00:36:26,040
Speaker 3: You got to take that into account. So and we

836
00:36:26,080 --> 00:36:28,960
Speaker 3: also have also have an old people's home, so you

837
00:36:29,000 --> 00:36:30,879
Speaker 3: know in there, I can't put a lot of sugar stuff.

838
00:36:30,920 --> 00:36:32,719
Speaker 3: So it really just depends on where you're putting that

839
00:36:32,760 --> 00:36:35,520
Speaker 3: machine at. But it definitely, it definitely always comes up

840
00:36:35,600 --> 00:36:37,959
Speaker 3: in the conversation when you're placing the machine. Is having

841
00:36:37,960 --> 00:36:40,960
Speaker 3: healthy selections. Everybody, everybody wants healthy selections. And I think

842
00:36:41,000 --> 00:36:42,520
Speaker 3: that's more so a big wave.

843
00:36:42,640 --> 00:36:44,600
Speaker 2: Now, yeah, in the direction.

844
00:36:44,440 --> 00:36:46,880
Speaker 3: That we're doing as a as a you know country

845
00:36:46,960 --> 00:36:49,319
Speaker 3: as a country is getting more healthy stuff out there.

846
00:36:49,400 --> 00:36:52,440
Speaker 4: So you know, yeah, you are the food source for

847
00:36:52,440 --> 00:36:54,400
Speaker 4: a lot of us, Like we don't have a lot

848
00:36:54,400 --> 00:36:55,680
Speaker 4: of us don't have time to go out for lunch.

849
00:36:55,680 --> 00:36:57,160
Speaker 3: It's like, let me just add something quick, right, and

850
00:36:57,200 --> 00:36:58,719
Speaker 3: you want to make sure they get out the choice

851
00:36:58,760 --> 00:37:01,080
Speaker 3: to get something healthy having to get something you know

852
00:37:01,120 --> 00:37:01,920
Speaker 3: it's not good for you.

853
00:37:02,080 --> 00:37:05,200
Speaker 2: So like ramen noodles and stuff like that. I've seen

854
00:37:05,200 --> 00:37:08,000
Speaker 2: that in there. I had those in there, So like

855
00:37:09,120 --> 00:37:11,480
Speaker 2: what's the what's what's your sweet spot? Like kind of

856
00:37:11,520 --> 00:37:14,280
Speaker 2: you said you don't like perishable goods for obvious reasons.

857
00:37:14,600 --> 00:37:18,760
Speaker 2: Because they expire, just can't they expire?

858
00:37:19,120 --> 00:37:21,279
Speaker 3: Yes, it has an aspersion. It's a long one though, yeah,

859
00:37:21,480 --> 00:37:23,279
Speaker 3: a long like a long time, all right, It takes

860
00:37:23,280 --> 00:37:25,600
Speaker 3: a while, but it really it depends on the conditions,

861
00:37:25,640 --> 00:37:27,160
Speaker 3: like your temperature and all that. So if you in

862
00:37:27,200 --> 00:37:30,520
Speaker 3: the summertime, snickers bar in the sun ain't gonna last,

863
00:37:30,520 --> 00:37:32,960
Speaker 3: you know, because it once it once, it resets most

864
00:37:33,000 --> 00:37:34,680
Speaker 3: of the time when it resets into being like the

865
00:37:34,719 --> 00:37:38,400
Speaker 3: regular form. So it's like like not really molded, but

866
00:37:38,480 --> 00:37:40,759
Speaker 3: it's just like this colored and it doesn't look at

867
00:37:40,760 --> 00:37:42,360
Speaker 3: peeling for people to eat. They're not gonna eat it.

868
00:37:42,400 --> 00:37:45,000
Speaker 2: So you try to have your but it's always inside though, right,

869
00:37:45,320 --> 00:37:46,520
Speaker 2: like air conditioned more.

870
00:37:47,239 --> 00:37:49,960
Speaker 3: But I'm also talking about like storage, so where you're

871
00:37:49,960 --> 00:37:50,960
Speaker 3: storing your too.

872
00:37:51,680 --> 00:37:53,560
Speaker 2: I never thought about that. You gotta store? Do you

873
00:37:53,640 --> 00:37:55,359
Speaker 2: store it or do you just do you just buy

874
00:37:55,400 --> 00:37:56,120
Speaker 2: it as you go?

875
00:37:57,800 --> 00:38:00,320
Speaker 3: I stored, but when I first started out with binding

876
00:38:00,400 --> 00:38:03,520
Speaker 3: as I go, So your your liver was full of boxes,

877
00:38:03,960 --> 00:38:06,000
Speaker 3: you know. So I got a Halloween I gotta spot

878
00:38:06,080 --> 00:38:08,719
Speaker 3: my career wild like something similarly like this area here,

879
00:38:08,800 --> 00:38:10,959
Speaker 3: but like a little smaller. That whole area was filled

880
00:38:10,960 --> 00:38:13,080
Speaker 3: with snatch. Ok. But you know, if you buy it

881
00:38:13,120 --> 00:38:15,440
Speaker 3: that you go, it's a little easier, but once you

882
00:38:15,480 --> 00:38:17,279
Speaker 3: get it down to a science. So the thing about

883
00:38:17,280 --> 00:38:18,799
Speaker 3: buying that you go with you gotta take trips to

884
00:38:18,840 --> 00:38:21,279
Speaker 3: the store every week. Like so you really want to

885
00:38:21,280 --> 00:38:22,960
Speaker 3: figure out how much you need, so you could just

886
00:38:22,960 --> 00:38:25,320
Speaker 3: buy your month's worth and then have it just sitting

887
00:38:25,320 --> 00:38:26,600
Speaker 3: over there in the corner. So all you gotta do

888
00:38:26,640 --> 00:38:28,240
Speaker 3: is grab the stuff and go fill up the machine

889
00:38:28,320 --> 00:38:30,480
Speaker 3: versus multip making multiple trips.

890
00:38:31,120 --> 00:38:32,960
Speaker 4: So a full time day is like, all right, I'm

891
00:38:32,960 --> 00:38:36,320
Speaker 4: gonna schedule. I'm gonna go to this location to refill,

892
00:38:36,400 --> 00:38:37,280
Speaker 4: this location to refill.

893
00:38:37,880 --> 00:38:38,080
Speaker 2: Yeah.

894
00:38:38,160 --> 00:38:39,839
Speaker 3: So it's like all right, so I'll do my day

895
00:38:39,840 --> 00:38:43,120
Speaker 3: before our prep full up, all full up, all my

896
00:38:43,120 --> 00:38:44,960
Speaker 3: my bens. I have bens that I carry the products

897
00:38:44,960 --> 00:38:48,279
Speaker 3: in full up, all my bens. Pick the spots. I'm

898
00:38:48,280 --> 00:38:51,200
Speaker 3: going to just knock the spots down one bout one,

899
00:38:51,360 --> 00:38:54,000
Speaker 3: but I do. I'll pack everything the night before. That's

900
00:38:54,040 --> 00:38:55,360
Speaker 3: the one man show yourself.

901
00:38:55,840 --> 00:38:59,960
Speaker 2: Yeah wow, So I saw you saying like it's far

902
00:39:00,280 --> 00:39:03,319
Speaker 2: the numbers on it, so it's like I think it's

903
00:39:03,320 --> 00:39:07,640
Speaker 2: like under six locations. Is it's well under six machines?

904
00:39:07,760 --> 00:39:09,160
Speaker 3: Let me see if I have it's run down someone

905
00:39:09,239 --> 00:39:10,040
Speaker 3: like passive.

906
00:39:09,840 --> 00:39:12,080
Speaker 2: Passive and Dan, yeah, can you explain that?

907
00:39:12,160 --> 00:39:14,240
Speaker 3: Like the numbers, so it really now honestly it depends

908
00:39:14,280 --> 00:39:17,880
Speaker 3: on your location obviously, but we're talking about this standard average.

909
00:39:18,160 --> 00:39:20,560
Speaker 3: Like if you have around six machines, that's kind of

910
00:39:20,560 --> 00:39:22,319
Speaker 3: still passive, Like that's not gonna take up too much

911
00:39:22,360 --> 00:39:25,359
Speaker 3: of your time, and you know, you can still get

912
00:39:25,360 --> 00:39:29,440
Speaker 3: whatever done. Once you get to like around like ten machines,

913
00:39:29,800 --> 00:39:32,160
Speaker 3: you more so like on like a part time type

914
00:39:32,160 --> 00:39:33,919
Speaker 3: of thing, like if you was working part time, because

915
00:39:33,920 --> 00:39:35,600
Speaker 3: it's gonna take up a little more time as far

916
00:39:35,600 --> 00:39:37,440
Speaker 3: as you keeping up with your products and you go

917
00:39:37,520 --> 00:39:39,839
Speaker 3: into your spots depending on how far your spots are.

918
00:39:40,480 --> 00:39:43,680
Speaker 3: Once you get past like fifteen, that's more like a uh,

919
00:39:44,880 --> 00:39:46,799
Speaker 3: you know, once you get like fifteen twenty.

920
00:39:46,760 --> 00:39:49,040
Speaker 2: It's like a real business full time situation.

921
00:39:49,120 --> 00:39:51,400
Speaker 3: And now you're now you're doing that full time like

922
00:39:51,440 --> 00:39:52,840
Speaker 3: you're making you should be if you're doing the right

923
00:39:52,840 --> 00:39:54,719
Speaker 3: you should be making good money. But that's gonna take

924
00:39:54,800 --> 00:39:55,359
Speaker 3: up a lot of your time.

925
00:39:55,360 --> 00:39:57,120
Speaker 2: So if you have twenty, if you have twenty machines,

926
00:39:57,160 --> 00:40:01,840
Speaker 2: theoretically you should be making like fifteen thousand around that

927
00:40:02,040 --> 00:40:03,560
Speaker 2: at least at least twenty on the good.

928
00:40:03,520 --> 00:40:06,239
Speaker 3: End, at least fifteen at minimum. At minimum, you should

929
00:40:06,239 --> 00:40:07,839
Speaker 3: at least be doing like ten even if you don't

930
00:40:07,840 --> 00:40:09,200
Speaker 3: have good location, like you should.

931
00:40:09,040 --> 00:40:12,319
Speaker 2: Least ten a months right right now. The thing about

932
00:40:12,320 --> 00:40:15,040
Speaker 2: the Vendom machine thing is just an interesting situation because

933
00:40:15,440 --> 00:40:18,000
Speaker 2: it's one of these things where I always say, it's

934
00:40:18,040 --> 00:40:20,880
Speaker 2: never about home runs. It's never about home runs in life.

935
00:40:21,040 --> 00:40:23,560
Speaker 2: It's about base hits. Like if you play baseball, you

936
00:40:23,640 --> 00:40:26,799
Speaker 2: gotta get base hits consistently. And the Venom machine thing

937
00:40:26,880 --> 00:40:28,640
Speaker 2: is like a base hit Like even if you got

938
00:40:28,719 --> 00:40:30,920
Speaker 2: you know, a couple going and you're getting two thousand,

939
00:40:31,000 --> 00:40:34,320
Speaker 2: like that's that's two thousand, like you know what I'm saying,

940
00:40:34,360 --> 00:40:36,759
Speaker 2: three thousand whatever. It's like, Now, that takes pressure off

941
00:40:36,760 --> 00:40:40,400
Speaker 2: of you. That's a nice passive stream of income. You

942
00:40:40,480 --> 00:40:44,279
Speaker 2: build that up, you know, however large you wanted to grow.

943
00:40:44,400 --> 00:40:48,520
Speaker 2: But it's one of these things that's extremely practical. Everybody

944
00:40:48,560 --> 00:40:51,560
Speaker 2: has seen vendom machines or use it or used it.

945
00:40:51,560 --> 00:40:56,480
Speaker 2: It's not rocket science, and it's not really that difficult

946
00:40:56,480 --> 00:40:58,719
Speaker 2: as far as to understand that. The general idea of it.

947
00:40:58,680 --> 00:41:00,959
Speaker 4: Ma people thinking in mind like somebody spent the dollars.

948
00:41:01,040 --> 00:41:02,680
Speaker 4: Somebody spent the dollar twenty five. It's not a lot

949
00:41:02,719 --> 00:41:04,239
Speaker 4: of money, but enough dollars make sense now.

950
00:41:04,200 --> 00:41:05,320
Speaker 2: You know, it's not even about that. A lot of

951
00:41:05,360 --> 00:41:07,239
Speaker 2: times we just mentally priced off, We just mentally psyche

952
00:41:07,239 --> 00:41:09,360
Speaker 2: ourselves out of everything. So it's like you see a

953
00:41:09,400 --> 00:41:11,600
Speaker 2: vander machine every single day. How many people have ever

954
00:41:11,600 --> 00:41:14,080
Speaker 2: thought about owning a vending machine? But I've never thought

955
00:41:14,080 --> 00:41:16,880
Speaker 2: about it. You see it? Why not somebody owns it?

956
00:41:16,920 --> 00:41:18,080
Speaker 3: You're getting killed every summer.

957
00:41:18,480 --> 00:41:20,000
Speaker 2: Somebody owns it. Like you know what I'm saying, Like

958
00:41:20,000 --> 00:41:21,200
Speaker 2: why not? Yeah?

959
00:41:21,200 --> 00:41:22,680
Speaker 3: And I think a lot of people shot away from

960
00:41:22,719 --> 00:41:24,600
Speaker 3: it too, Like even when they think about that idea

961
00:41:24,800 --> 00:41:27,160
Speaker 3: is like they're scared of like the maintenance that we think, Okay,

962
00:41:27,200 --> 00:41:29,640
Speaker 3: well I don't know how to fix it. But you know,

963
00:41:29,960 --> 00:41:32,359
Speaker 3: at the end of the day, you it's not it's

964
00:41:32,360 --> 00:41:34,480
Speaker 3: not too complicated. But for any business, you're gonna have

965
00:41:34,520 --> 00:41:36,279
Speaker 3: hurt us where you have to figure stuff out. It's

966
00:41:36,320 --> 00:41:38,840
Speaker 3: no different than that. Like, so once you once you

967
00:41:38,840 --> 00:41:40,839
Speaker 3: get it going and you run into an issue, of

968
00:41:40,880 --> 00:41:43,399
Speaker 3: course you have to. I mean, YouTube is your friend.

969
00:41:43,440 --> 00:41:45,400
Speaker 3: You probably to find a solution on YouTube. If not,

970
00:41:45,560 --> 00:41:47,680
Speaker 3: find a resource to call in and just watch what

971
00:41:47,719 --> 00:41:49,880
Speaker 3: they do, you know, and most of the time, you know,

972
00:41:49,880 --> 00:41:51,040
Speaker 3: that's that's how I how to fix it.

973
00:41:51,120 --> 00:41:52,520
Speaker 2: Yeah, they're like, I'm going to ask you that, like

974
00:41:52,600 --> 00:41:55,400
Speaker 2: do you fix yourself if you hire like mechanics that

975
00:41:55,600 --> 00:41:56,800
Speaker 2: specialize in the machine.

976
00:41:56,800 --> 00:41:58,279
Speaker 3: So for the most part, I fix it myself. The

977
00:41:58,320 --> 00:42:01,279
Speaker 3: only thing I really I can't fix is the refrigeration

978
00:42:01,440 --> 00:42:03,880
Speaker 3: units is called the compressors. So the compressors are a

979
00:42:03,920 --> 00:42:05,959
Speaker 3: little more complicated. I don't know how to fix those yet.

980
00:42:06,160 --> 00:42:08,840
Speaker 3: But like the builds sceptors and the coin mechanisms and

981
00:42:09,000 --> 00:42:10,879
Speaker 3: like that, that type of stuff, I can fix those

982
00:42:10,920 --> 00:42:13,680
Speaker 3: because it's like it's just a common thing. And that's

983
00:42:13,719 --> 00:42:15,440
Speaker 3: most of the time now times attempt that's what you're

984
00:42:15,440 --> 00:42:17,360
Speaker 3: gonna be dealing with. If something goes wrong. Most of

985
00:42:17,360 --> 00:42:19,440
Speaker 3: the time, it's just like a dollar got stuck, or

986
00:42:19,480 --> 00:42:22,440
Speaker 3: maybe your your bill accepted one't bad, it's just screw

987
00:42:22,480 --> 00:42:25,160
Speaker 3: it out, put a new one in, screw it back in,

988
00:42:25,280 --> 00:42:26,040
Speaker 3: like that type of thing.

989
00:42:26,360 --> 00:42:31,680
Speaker 2: What's the best what's the best item invented machine history?

990
00:42:32,280 --> 00:42:34,799
Speaker 2: Peanut eminems for.

991
00:42:34,840 --> 00:42:43,560
Speaker 3: Snacks, for drinks, pepsi and pepsi cells like like nothing else, whatever,

992
00:42:43,600 --> 00:42:45,520
Speaker 3: whatever you sell them on everything else. Pepsi is gonna

993
00:42:45,520 --> 00:42:49,000
Speaker 3: sell dub pepsi selves more than coke pepsi something wasn't anything.

994
00:42:49,040 --> 00:42:52,080
Speaker 3: Pepsi really everywhere, like everybody I know would do.

995
00:42:52,000 --> 00:42:52,799
Speaker 2: It more than water.

996
00:42:53,480 --> 00:42:57,200
Speaker 3: Yeah, your largest profile, you know item is water, though you.

997
00:42:57,160 --> 00:42:58,399
Speaker 2: Make the most water for water.

998
00:42:58,480 --> 00:43:01,960
Speaker 3: Yeah, but pepsi sells like nothing else. Peanut eminem so real.

999
00:43:01,840 --> 00:43:03,280
Speaker 2: Well to what's what's your favorite?

1000
00:43:03,480 --> 00:43:06,640
Speaker 3: My favorite Skittles, starbirds and Peter Eminem's.

1001
00:43:07,520 --> 00:43:09,000
Speaker 2: You know, I don't even know if I even had

1002
00:43:09,000 --> 00:43:09,600
Speaker 2: Peanut Eminem.

1003
00:43:09,640 --> 00:43:11,400
Speaker 3: I don't like him personally, and that's and that's what

1004
00:43:11,520 --> 00:43:13,040
Speaker 3: kind of messed me up the first time. I was like,

1005
00:43:13,239 --> 00:43:15,760
Speaker 3: these ain't good. But when I was stocking, the combination

1006
00:43:15,880 --> 00:43:17,480
Speaker 3: of the pepsi and the peanut M and.

1007
00:43:17,560 --> 00:43:21,759
Speaker 2: M but but but crunch, butter crunch cookie sign you

1008
00:43:21,800 --> 00:43:24,080
Speaker 2: got the machine though it should be. Those are smack

1009
00:43:24,280 --> 00:43:26,080
Speaker 2: pay day Payday candy bars.

1010
00:43:25,920 --> 00:43:27,120
Speaker 3: That's a that's a niche thing.

1011
00:43:27,160 --> 00:43:29,400
Speaker 2: And oil and vinegar chips.

1012
00:43:29,080 --> 00:43:30,120
Speaker 3: That's another niche chip.

1013
00:43:31,200 --> 00:43:36,320
Speaker 4: That's that's the tip that gets.

1014
00:43:36,120 --> 00:43:38,400
Speaker 2: Niche oil because elite that's the lea.

1015
00:43:38,520 --> 00:43:42,600
Speaker 3: That's the lea red bag of doritos. Yeah, that's going

1016
00:43:43,080 --> 00:43:46,760
Speaker 3: those are moving the black popcorn chip back. That's another item.

1017
00:43:47,560 --> 00:43:49,800
Speaker 2: The cooler ranch playing cooler ranch.

1018
00:43:49,640 --> 00:43:52,719
Speaker 3: Playing not really lays. People like well, and where I'm at,

1019
00:43:52,760 --> 00:43:58,200
Speaker 3: people like the hers like playing hers, those playing ships

1020
00:43:58,239 --> 00:44:02,799
Speaker 3: Doritos press also pressure pressures are depending where they at.

1021
00:44:03,200 --> 00:44:07,640
Speaker 3: But the do rito's, the pena Eminem's, Pepsi, that's selling

1022
00:44:07,920 --> 00:44:10,280
Speaker 3: no matter, no matter I call those like staple items,

1023
00:44:10,320 --> 00:44:12,399
Speaker 3: like those items will be in the machine no matter

1024
00:44:12,480 --> 00:44:13,600
Speaker 3: which I see.

1025
00:44:13,640 --> 00:44:16,080
Speaker 4: Sometimes they'll put like the Eminem's in one row and

1026
00:44:16,120 --> 00:44:18,319
Speaker 4: then like put them at the next row too, just.

1027
00:44:18,320 --> 00:44:21,279
Speaker 3: Because because they sell, like because if you don't do that,

1028
00:44:21,640 --> 00:44:23,520
Speaker 3: you're gonna run out, like so that that's gonna run

1029
00:44:23,520 --> 00:44:24,800
Speaker 3: out before. It's like a pepsi and most of the

1030
00:44:24,800 --> 00:44:27,640
Speaker 3: time you have two rows of pepsi. And because just

1031
00:44:27,640 --> 00:44:29,640
Speaker 3: because it's going to sell faster than anything that you

1032
00:44:29,719 --> 00:44:31,880
Speaker 3: have to come back once it sells out, right, you

1033
00:44:31,920 --> 00:44:33,239
Speaker 3: might even have to come back. It's just going to

1034
00:44:33,280 --> 00:44:35,200
Speaker 3: sell out, and then you'll be you could be losing

1035
00:44:35,200 --> 00:44:37,000
Speaker 3: out the money. If that person only came to that machine,

1036
00:44:37,000 --> 00:44:39,600
Speaker 3: they can get some pena eminem's. They like, I don't

1037
00:44:39,600 --> 00:44:40,880
Speaker 3: want nothing in the type of thing.

1038
00:44:40,880 --> 00:44:43,279
Speaker 4: Are you moving into other things to put in the

1039
00:44:43,320 --> 00:44:45,319
Speaker 4: venting machine, like it is there other items that you

1040
00:44:45,360 --> 00:44:46,960
Speaker 4: see in the future, like you know what, I might

1041
00:44:47,000 --> 00:44:47,920
Speaker 4: want to go that route.

1042
00:44:48,320 --> 00:44:50,400
Speaker 3: No, I like, I like keeping it traditional. But I

1043
00:44:50,440 --> 00:44:52,200
Speaker 3: do see, you know, I'll see a lot of things,

1044
00:44:52,200 --> 00:44:54,440
Speaker 3: you know. I see people coming up with that's real creative.

1045
00:44:55,080 --> 00:44:57,600
Speaker 3: I see some celebrities coming out with different ideas. I

1046
00:44:57,600 --> 00:45:00,000
Speaker 3: know Calie Jenner, this launched like a in the machine

1047
00:45:00,080 --> 00:45:03,719
Speaker 3: with one of them had yeah, the other one had

1048
00:45:03,800 --> 00:45:05,919
Speaker 3: like a or makeup line, which I know is big.

1049
00:45:06,080 --> 00:45:08,279
Speaker 2: That's not a bad idea either makeup little stuff like

1050
00:45:08,320 --> 00:45:10,680
Speaker 2: that like chapstick and things like that where it's like

1051
00:45:10,719 --> 00:45:12,560
Speaker 2: you want to run. That's not a bad idea. But yeah,

1052
00:45:12,560 --> 00:45:16,480
Speaker 2: you're never gonna lose with beverages, especially beverages. People always

1053
00:45:16,560 --> 00:45:19,960
Speaker 2: drink stuff candy. It's kind of like it's like a

1054
00:45:19,960 --> 00:45:20,480
Speaker 2: no brainer.

1055
00:45:20,920 --> 00:45:23,480
Speaker 3: In the words of Mike, I'm addicted to candy. They

1056
00:45:23,480 --> 00:45:27,439
Speaker 3: always gonna be in business with them. My graduates from

1057
00:45:27,440 --> 00:45:30,640
Speaker 3: my school being force back drop.

1058
00:45:30,960 --> 00:45:34,800
Speaker 2: Bag Drop, Mike, drop back drop drop.

1059
00:45:44,719 --> 00:45:47,320
Speaker 3: Behind the delivery trucks that keep your life stocked.

1060
00:45:47,440 --> 00:45:50,359
Speaker 1: Thousands of employees at BP go to work every day.

1061
00:45:50,560 --> 00:45:53,560
Speaker 3: People bringing a new offshore production platform online.

1062
00:45:53,600 --> 00:45:57,360
Speaker 4: People making our refineries capable of more like making renewable

1063
00:45:57,360 --> 00:46:00,920
Speaker 4: diesel from agricultural waste. People trading and shipping fuels to

1064
00:46:00,960 --> 00:46:04,200
Speaker 4: our customers, and people helping truckers fill up and get

1065
00:46:04,320 --> 00:46:06,359
Speaker 4: maintenance at our convenient locations.

1066
00:46:06,480 --> 00:46:08,319
Speaker 2: They're part of almost three hundred.

1067
00:46:08,000 --> 00:46:10,840
Speaker 3: Thousand jobs VP supports across the country.

1068
00:46:11,080 --> 00:46:12,560
Speaker 2: Learn more ATVP dot com.

1069
00:46:12,600 --> 00:46:14,400
Speaker 1: Slash Investing in America