WEBVTT - EYL #63 Money Machine

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<v Speaker 2>Hi, guys, welcome back. E y L. Yeah, this is

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<v Speaker 2>an episode that I'm actually very excited about it one. Yeah,

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<v Speaker 2>it's a big one. It's gonna be a big one.

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<v Speaker 2>I can feel it. I can feel it. I can

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<v Speaker 2>feel it. So you know, we like doing episodes like

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<v Speaker 2>this where it's stuff that you see all the time,

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<v Speaker 2>but you never really think about it.

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<v Speaker 3>Part of you daily life.

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<v Speaker 4>Especially as kids, you definitely is part of daily life,

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<v Speaker 4>and even as adults, you know, you go to your

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<v Speaker 4>lunch room or something like that, it's.

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<v Speaker 5>Like, yeah, we see it.

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<v Speaker 2>We see a lot of stuff all the time, and

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<v Speaker 2>we don't realize like the money's all around us. We

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<v Speaker 2>actually the money is that money's all around us.

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<v Speaker 4>These episodes tend to do that, man, I'm telling you,

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<v Speaker 4>ever since we did Somebody like a trucking episode, every

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<v Speaker 4>time I see a truck on the on the road,

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<v Speaker 4>I might that's money, that's money passing.

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<v Speaker 5>I wonder who owns that?

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<v Speaker 4>Looking at the names on the truck, I'm like, damn,

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<v Speaker 4>your vision just changed.

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<v Speaker 2>Yeah. So, without further ado, we got a very special

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<v Speaker 2>guest because Chief Edwards from Philadelphia North Philly to be specific.

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<v Speaker 2>Shout out to Philly. We had a lot of great

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<v Speaker 2>guests from Philly recently. We had well, we had Prince

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<v Speaker 2>down now and Danish you know they was the first one.

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<v Speaker 2>And then we had oh, Sean Bullard shout out to Sean.

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<v Speaker 2>Shout Sean Bullard for sure. And then we have Prince

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<v Speaker 2>Donelle and Danis Chanelle. Then we had Whallow to sixty

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<v Speaker 2>seven and we have big business shot the big business.

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<v Speaker 2>So this is keeping right in line. This is keeping

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<v Speaker 2>right in line with the Philly Tis. So yeah, so

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<v Speaker 2>he's ill. He started playing basketball and but now he's

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<v Speaker 2>known for the vending machine, the vendom machine king on

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<v Speaker 2>social media if you follow him, crazy following on social media,

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<v Speaker 2>and he teaches people about vending machines. So he owns

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<v Speaker 2>vendo machines himself, over twenty vendor machines that he owns himself,

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<v Speaker 2>and he's been doing it for quite some time. And

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<v Speaker 2>like I said, I'm excited to know about this because

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<v Speaker 2>everybody has seen vending machines like you always see it

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<v Speaker 2>in school and camp and recreation centers everywhere. There's always

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<v Speaker 2>vending machines right when it's like you never really think,

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<v Speaker 2>or at least I never really thought like that's the

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<v Speaker 2>actual viable business. But he makes money obviously doing it,

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<v Speaker 2>and he's teaching people how to do it. So we're

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<v Speaker 2>gonna get a full education on the vendom machine business. So,

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<v Speaker 2>first and foremost, thank you thank you for joining us.

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<v Speaker 5>Man, Thank y'all, thank y'all, yeah for sure.

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<v Speaker 2>So all right, so before we get into the details

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<v Speaker 2>of it, how'd you start, Like, because, like I said,

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<v Speaker 2>vendom machine is something.

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<v Speaker 5>That all of us see all the time.

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<v Speaker 2>We always see vendo machines, right, But what made you

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<v Speaker 2>actually take a step back and say, like, this is

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<v Speaker 2>actually something I can make money on.

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<v Speaker 5>Well, I mean, the main the main thing was, for

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<v Speaker 5>the for the most part, I was working a lot.

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<v Speaker 5>I was trying to look for something the supplement, you know,

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<v Speaker 5>my income now I was already getting that was passive,

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<v Speaker 5>so I wouldn't have to do more work. So you know,

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<v Speaker 5>that's what kind of led me to the vending machine thing.

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<v Speaker 5>But it initiated the thought. That thought initiated as far

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<v Speaker 5>as the idea of having a vending machine. When I

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<v Speaker 5>was younger, when I was playing basketball, it was a

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<v Speaker 5>recreation center. In particular, I used to always play that

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<v Speaker 5>on Sundays when we had practic this and during the

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<v Speaker 5>midst of the practice it was always a vending machine.

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<v Speaker 5>Lady will come out and change out the products and

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<v Speaker 5>the money from the gator rayed machine. So I always

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<v Speaker 5>saw her coming in and out and grabbing the money

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<v Speaker 5>and chasing out the products, and it was just something

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<v Speaker 5>I paid attention to because I was always noticed, like

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<v Speaker 5>she took a good amount of money that machine. So

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<v Speaker 5>I'm watching your pod, I was like, you know, I

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<v Speaker 5>wonder how much money is actually you know, and there

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<v Speaker 5>how much money she getting out. In my mind, I'm like, man,

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<v Speaker 5>I want one of those machines. But you know this

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<v Speaker 5>didn't happen until obviously years later because I was like

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<v Speaker 5>sixteen seventeen at that point in time. Now, you know

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<v Speaker 5>what's crazy.

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<v Speaker 2>I'm just thinking when you're telling that story, I don't

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<v Speaker 2>think I ever saw anybody taking I've seen people fill

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<v Speaker 2>up vending machines in my entire life. I don't think

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<v Speaker 2>I ever saw anybody take money out of a vending

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<v Speaker 2>machine before.

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<v Speaker 5>Maybe they do it like they don't want you to see.

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<v Speaker 2>Yeah, they might do it like three o'clock in the

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<v Speaker 2>morning when nobody's there.

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<v Speaker 3>Know that this dude's like.

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<v Speaker 5>They don't want you to see. That's the lesson I

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<v Speaker 5>learned too, is not to let people see what you're

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<v Speaker 5>taking out of that machine. Because I actually had one

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<v Speaker 5>one spot that I was working with. It was a motel,

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<v Speaker 5>you know, and the owner will always kind of peep

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<v Speaker 5>and watch what I was doing, and then you know,

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<v Speaker 5>he was seeing me taking the money out. Then one

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<v Speaker 5>day he was like, man, I want that machine. You know,

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<v Speaker 5>I ended up I ended up selling it to him

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<v Speaker 5>and it was one of my best spots. But it

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<v Speaker 5>was like, man, I'm not letting nobody else. I'm nobody

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<v Speaker 5>do a real smooth hold the bag up close to it.

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<v Speaker 5>So you know, I'm real careful for that. Now. I

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<v Speaker 5>don't let people actually see how I'm moving and taking

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<v Speaker 5>the money out. Filling it up is nothing, but I'm

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<v Speaker 5>careful with the money.

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<v Speaker 2>Yeah, you gotta be careful with that for sure. So

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<v Speaker 2>all right, so what's your journey to get your first

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<v Speaker 2>vending machine?

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<v Speaker 1>Like?

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<v Speaker 2>How that look like? What was what was the story

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<v Speaker 2>behind that?

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<v Speaker 5>The journey to get my first vending machine was actually

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<v Speaker 5>a two year process. So the idea was like something

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<v Speaker 5>I'm thinking, like, all right, I got the idea in

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<v Speaker 5>my head, I'm about to do it today, like, but

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<v Speaker 5>the actual process took a long time because I had

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<v Speaker 5>nobody really to teach me what I was doing, and

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<v Speaker 5>I was just kind of, you know, fumbling around to

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<v Speaker 5>figure it out. So when I made up my mind

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<v Speaker 5>that I actually wanted to get a vending machine. I

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<v Speaker 5>saved up some money. I figured I would get him.

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<v Speaker 5>From just some searching online. I found the company who

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<v Speaker 5>actually places machines and they sell you the machine like,

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<v Speaker 5>so I contacted them. They gave me the price. I

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<v Speaker 5>saved up that money.

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<v Speaker 1>It was.

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<v Speaker 5>It was only like probably thirty five hundred or something

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<v Speaker 5>like that. And they give me a location with a machine.

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<v Speaker 5>So I go to actually check out the spot it was.

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<v Speaker 5>It was a decent spot. It was a hotel downtown

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<v Speaker 5>in Philly. So I'm like, oh, yeah, this looks good,

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<v Speaker 5>like you know what I'm saying. Hotel should be great.

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<v Speaker 5>And then and the guy actually showed me where they

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<v Speaker 5>wanted the machine place. So I'm looking at the space.

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<v Speaker 5>I'm like, I don't think a Vendom machine is gonna

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<v Speaker 5>fit right there. I was like, there's no other way

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<v Speaker 5>we could know whether where we can put it it

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<v Speaker 5>was too small. Yeah, I'm like, can we put it

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<v Speaker 5>in the lobby or something like no, we want it

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<v Speaker 5>right here. And you know, so at that point in time,

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<v Speaker 5>I called the company that I was buying and stuff

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<v Speaker 5>the machine from. They were coming from Maryland, so I

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<v Speaker 5>called them like, yeah, I don't think the machine is

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<v Speaker 5>gonna fit in this space. You know that they're talking

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<v Speaker 5>about having a machine placed, we might have to go

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<v Speaker 5>a different route. They was like, no, it's gonna fit

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<v Speaker 5>with trust us. You know we've been doing this a

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<v Speaker 5>long time. Don't worry about it. You got it.

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<v Speaker 4>I mean the different type of machines is this machine

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<v Speaker 4>selling snacks sodas.

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<v Speaker 5>So this this was a combo machine. So they thing was, Okay,

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<v Speaker 5>it's a small machine and it should fit in any space.

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<v Speaker 5>Like this was one of the smallest machines that we got,

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<v Speaker 5>and it's gonna be good. I'm looking like, but it's

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<v Speaker 5>not going to be good. And this is what actually

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<v Speaker 5>taught This has taught me a lesson down the line,

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<v Speaker 5>Like you know, before you actually go out and buy machines,

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<v Speaker 5>you know, you gotta figure out your measurements and everything first.

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<v Speaker 5>But you know, so I tell them that they take

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<v Speaker 5>that too. I wur drive from Maryland, come all the

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<v Speaker 5>way down here. Long story short, the machine doesn't fit,

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<v Speaker 5>So it doesn't fit. I get my money back. Now

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<v Speaker 5>I'm back at the drawing board trying to figure out

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<v Speaker 5>wahama get another machine. So I ended up blowing some

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<v Speaker 5>of that money. Obviously my podcast work. Yeah, that didn't work.

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<v Speaker 5>You know, I'm buying this, I'm buying that, and I'm like,

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<v Speaker 5>I got a couple of dollars left, but I still

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<v Speaker 5>I still want I still need to do something. So

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<v Speaker 5>I ended up spending about four hundred dollars on some

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<v Speaker 5>candy machines. So when I say candy machines, I'm talking

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<v Speaker 5>about gunball machines that you put the quarters in, you turned, yeah,

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<v Speaker 5>you get the money out. The ones I got were

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<v Speaker 5>called U turn so they were called U turn machines.

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<v Speaker 4>Is that the ones like I put the quarters spin

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<v Speaker 4>spending in right, right?

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<v Speaker 5>He had the gunballs, skintus, peanut m and ms.

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<v Speaker 2>Those always seemed really unsanitary to me because there's no

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<v Speaker 2>there's no packaging on it. It just comes out as.

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<v Speaker 4>I've been in barbershops. But I've never seen them change.

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<v Speaker 4>So I'm like, yo, how some money. I'm not even

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<v Speaker 4>thinking that you're making money off this. I'm just like,

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<v Speaker 4>this is like a nice little treat until nobody changed.

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<v Speaker 3>Yeah.

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<v Speaker 5>Yeah, So I mean so that's pretty much where I started.

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<v Speaker 5>I brought I brought four of them from a guy

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<v Speaker 5>who had a whole bunch of them, but he was

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<v Speaker 5>I guess liquidate in some of his He had like

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<v Speaker 5>forty of them he was selling. He was selling like twenty.

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<v Speaker 5>I brought four from him. I had one place in

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<v Speaker 5>a barber shop, like you should say it a recreation center,

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<v Speaker 5>and I think it was a piece of store.

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<v Speaker 2>A piece of store, and he's in gumball machine.

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<v Speaker 5>Gumball machines, So that in place in a in a

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<v Speaker 5>piece of store, and the other one I ended up

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<v Speaker 5>not placing at that time. I just kept it in

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<v Speaker 5>my house. So I started with those, and I've seen

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<v Speaker 5>the money back off of that, which was like a

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<v Speaker 5>little you know, it was a little something like a

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<v Speaker 5>little extra spending money, but it was nothing really to

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<v Speaker 5>move the needle. So I'm like, man, if I could

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<v Speaker 5>just get a couple more of these, you know, maybe

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<v Speaker 5>how much was that like a month?

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<v Speaker 4>Like?

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<v Speaker 5>So my average machine for the gumballs was like, uh,

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<v Speaker 5>I was getting like fifty dollars a machine. So I'm like,

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<v Speaker 5>a something look like one fifty fifty dollars. I ain't

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<v Speaker 5>gotta really do nothing for it. I was, you know,

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<v Speaker 5>fill the machine up and I'll come back at the

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<v Speaker 5>end of the month and pick it up, you know.

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<v Speaker 3>So it was easy.

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<v Speaker 4>And the house spread out of there because I know

0:09:54.520 --> 0:09:56.040
<v Speaker 4>you talk about location, you won't get into that.

0:09:56.440 --> 0:09:59.040
<v Speaker 3>Are they in the same area or they spread out throughout.

0:09:58.760 --> 0:10:01.680
<v Speaker 5>The city, same area. At this point, they're all in

0:10:01.679 --> 0:10:03.839
<v Speaker 5>the same area, so you just go collect. Yeah. And

0:10:04.440 --> 0:10:06.559
<v Speaker 5>they were all in places because you know, the way

0:10:06.600 --> 0:10:08.720
<v Speaker 5>I got my first ones is this networking talking people.

0:10:08.760 --> 0:10:11.040
<v Speaker 5>I know, they were all in places already already did

0:10:11.520 --> 0:10:13.160
<v Speaker 5>like I already go already, I already spend time with

0:10:13.200 --> 0:10:15.840
<v Speaker 5>that recreation center. That's where I played basketball at the barbershop.

0:10:15.880 --> 0:10:17.200
<v Speaker 5>It was in with the barbershop. I want to when

0:10:17.200 --> 0:10:18.640
<v Speaker 5>a piece of store was down the stree from my house.

0:10:18.920 --> 0:10:20.760
<v Speaker 5>So it was just like you know, convenient. You have

0:10:21.040 --> 0:10:23.920
<v Speaker 5>to watch some like kicking machine, like yo man, easy, easy.

0:10:24.320 --> 0:10:24.600
<v Speaker 3>Yeah.

0:10:24.640 --> 0:10:27.040
<v Speaker 5>I had people try to put stuff in the machine

0:10:27.080 --> 0:10:29.400
<v Speaker 5>and turn and I just watch them like and sometimes

0:10:29.400 --> 0:10:31.800
<v Speaker 5>it will work. And actually in one situation with the

0:10:31.840 --> 0:10:35.240
<v Speaker 5>recreation center, the kids knew how to get something out

0:10:35.280 --> 0:10:37.600
<v Speaker 5>without putting a quarter in there. I can never fair

0:10:37.679 --> 0:10:38.920
<v Speaker 5>to this day. I don't know what they were doing

0:10:38.960 --> 0:10:40.760
<v Speaker 5>because I thought it was broke, but it wasn't broken.

0:10:41.480 --> 0:10:43.720
<v Speaker 5>They just had some type of trick, like so we.

0:10:43.640 --> 0:10:45.480
<v Speaker 4>Had a dollar trick in high school with the vending machines.

0:10:45.520 --> 0:10:48.240
<v Speaker 3>We'll talk about that. After I tried to down a

0:10:48.280 --> 0:10:50.640
<v Speaker 3>trick with a vending machine, we can't talk about that.

0:10:50.800 --> 0:10:53.079
<v Speaker 2>So all right, So, so, so you're making a little

0:10:53.160 --> 0:10:55.160
<v Speaker 2>not really making any money, but it's like whatever. But

0:10:55.200 --> 0:10:58.000
<v Speaker 2>then you realize that vending machines is actually where the

0:10:58.040 --> 0:10:59.040
<v Speaker 2>money's at right.

0:10:59.800 --> 0:11:02.760
<v Speaker 5>Now yet now yet, So so with the candy machines,

0:11:02.800 --> 0:11:04.320
<v Speaker 5>I get to the point where, all right now, it

0:11:04.360 --> 0:11:06.040
<v Speaker 5>ain't making no money. But I'm like, yo, if I

0:11:06.040 --> 0:11:09.200
<v Speaker 5>if I could just multiply the amount of machines I have,

0:11:09.720 --> 0:11:12.560
<v Speaker 5>then maybe I could see something. So I ended up

0:11:12.800 --> 0:11:15.200
<v Speaker 5>long story short, I kept buying those candy machines to

0:11:15.200 --> 0:11:16.760
<v Speaker 5>the point where I have around twenty of them, like

0:11:16.800 --> 0:11:19.240
<v Speaker 5>twenty twenty five. And now at this point that's spread

0:11:19.240 --> 0:11:21.920
<v Speaker 5>out throughout the city. So you're thinking, like four, got

0:11:21.920 --> 0:11:24.880
<v Speaker 5>you one fifty. You multiply those, you probably get like

0:11:24.880 --> 0:11:26.480
<v Speaker 5>a child. Let's say you get twenty, you probably get

0:11:26.480 --> 0:11:29.000
<v Speaker 5>like a thousand exactly. I was getting around nine hundred

0:11:29.000 --> 0:11:31.280
<v Speaker 5>to one thousand dollars a month off off of those

0:11:31.320 --> 0:11:34.280
<v Speaker 5>twenty machines off. So now that now that was actually

0:11:34.559 --> 0:11:36.680
<v Speaker 5>that was moving the scale, and I feel that, like

0:11:36.679 --> 0:11:37.840
<v Speaker 5>you know what I'm saying. So I'm like, all right,

0:11:37.880 --> 0:11:40.800
<v Speaker 5>Well at that point, I'm like comfortable, you know, I'm cool.

0:11:40.840 --> 0:11:43.600
<v Speaker 5>I'm just keep buying these little gumball machines, you know,

0:11:43.760 --> 0:11:45.840
<v Speaker 5>keep doing what I'm doing. But then I had a

0:11:46.760 --> 0:11:48.160
<v Speaker 5>I got it. I met when I want to go

0:11:48.200 --> 0:11:50.880
<v Speaker 5>buy a new one, a k new gumball machine. The

0:11:50.920 --> 0:11:54.079
<v Speaker 5>guy was doing vendor machines. I guess he had started

0:11:54.080 --> 0:11:55.959
<v Speaker 5>help with gunball machines hself. He was like, man, why

0:11:56.000 --> 0:11:58.960
<v Speaker 5>you don't never get into the you know, buying vendor machines.

0:11:59.040 --> 0:12:00.240
<v Speaker 5>This is part At this point, this was like the

0:12:00.280 --> 0:12:02.839
<v Speaker 5>fourth or fifth gumball machine I had brought up with me,

0:12:03.400 --> 0:12:06.000
<v Speaker 5>and I'm like, uh, you know, I thought about that before.

0:12:06.040 --> 0:12:09.120
<v Speaker 5>I tried it before it didn't really work out. And

0:12:09.160 --> 0:12:11.880
<v Speaker 5>I'm kind of comfortable now just doing these because it's easy.

0:12:12.360 --> 0:12:14.640
<v Speaker 5>And I know if I get into the soda machines

0:12:14.640 --> 0:12:17.679
<v Speaker 5>and the vendom machines, it's more so more work. And

0:12:17.720 --> 0:12:19.320
<v Speaker 5>I wasn't trying to do more work because I was

0:12:19.360 --> 0:12:22.319
<v Speaker 5>already working enough at that time with my job so,

0:12:23.559 --> 0:12:25.600
<v Speaker 5>but he talked me into it, and that's the point

0:12:25.600 --> 0:12:29.800
<v Speaker 5>where I got into the actual Vendom machines and ended

0:12:29.880 --> 0:12:33.280
<v Speaker 5>up getting brought a soder machine off of him and

0:12:33.320 --> 0:12:36.319
<v Speaker 5>got a place in a hotel, a motel.

0:12:36.360 --> 0:12:37.720
<v Speaker 3>Actually, what was the price of that.

0:12:38.360 --> 0:12:40.679
<v Speaker 5>The price of that, it was nowe hundred dollars for

0:12:40.720 --> 0:12:44.320
<v Speaker 5>a soda machine. That's really one month with gumbos. Yeah,

0:12:44.440 --> 0:12:45.760
<v Speaker 5>basically like a whole month's work.

0:12:45.679 --> 0:12:48.160
<v Speaker 2>For a I'm sorry, So you get that, you put

0:12:48.200 --> 0:12:50.600
<v Speaker 2>it in the in the motel, and how does that

0:12:50.640 --> 0:12:51.200
<v Speaker 2>work out for you?

0:12:51.920 --> 0:12:55.160
<v Speaker 5>So it actually started off slow, looking at you know

0:12:55.200 --> 0:12:57.360
<v Speaker 5>what I what I what I get now? Like it started,

0:12:57.400 --> 0:12:59.600
<v Speaker 5>it started off slow, but to me it didn't seem bad.

0:12:59.679 --> 0:13:02.320
<v Speaker 5>So that first two weeks I had it in there,

0:13:02.840 --> 0:13:05.439
<v Speaker 5>the soda machine in there, I made about fifty dollars.

0:13:05.880 --> 0:13:07.520
<v Speaker 5>But at that point in time with the gunballs, the

0:13:07.520 --> 0:13:09.640
<v Speaker 5>gun balls took me a whole month to make fifty

0:13:09.679 --> 0:13:11.760
<v Speaker 5>dollars off of one machine. So I'm like, all right,

0:13:11.760 --> 0:13:14.120
<v Speaker 5>well if I get fifty in two weeks, maybe two

0:13:14.120 --> 0:13:15.800
<v Speaker 5>weeks I get one hundred, which is double what I'm

0:13:15.840 --> 0:13:17.680
<v Speaker 5>doing with the gun ball. So it ain't that bad,

0:13:17.800 --> 0:13:19.839
<v Speaker 5>like it ain't nothing I live off of, but it

0:13:19.880 --> 0:13:23.440
<v Speaker 5>isn't that bad. But after I got into like that

0:13:23.559 --> 0:13:26.120
<v Speaker 5>second and third month that the Vendom machine got up

0:13:26.160 --> 0:13:28.760
<v Speaker 5>to the point where it was doing around six fifty

0:13:28.840 --> 0:13:31.839
<v Speaker 5>seven hundred dollars just off of that machine for that month.

0:13:32.600 --> 0:13:34.520
<v Speaker 5>So that's when it kind of like kind of hit

0:13:34.600 --> 0:13:36.320
<v Speaker 5>me like, all right, well this might be so this

0:13:36.360 --> 0:13:39.160
<v Speaker 5>is something different. Yeah, I'm saying no, try leanings towards

0:13:39.160 --> 0:13:42.880
<v Speaker 5>more towards that. And I ended up getting another machine.

0:13:42.960 --> 0:13:44.920
<v Speaker 5>I got a snack machine and had it placed in

0:13:45.080 --> 0:13:48.800
<v Speaker 5>the same place in the same hotel, and the two

0:13:48.800 --> 0:13:50.559
<v Speaker 5>machines in the same place, flat two machines in the

0:13:50.559 --> 0:13:52.880
<v Speaker 5>same place, And that when did the exact same thing

0:13:53.000 --> 0:13:54.760
<v Speaker 5>started off slow and then it picked up to the

0:13:54.760 --> 0:13:57.200
<v Speaker 5>point where it was going around seven hundred dollars a month.

0:13:57.280 --> 0:13:59.880
<v Speaker 5>So from that one location, I was earning about fourth

0:14:00.520 --> 0:14:03.240
<v Speaker 5>fourteen hundred you know, gross.

0:14:03.040 --> 0:14:05.360
<v Speaker 2>From two from two from two machines.

0:14:05.040 --> 0:14:07.600
<v Speaker 4>From two machines, is that fourteen hundred supplements in what

0:14:07.640 --> 0:14:09.320
<v Speaker 4>you're doing from your actual job.

0:14:09.880 --> 0:14:12.080
<v Speaker 5>So my actual job at that point, without overtime, I

0:14:12.120 --> 0:14:13.560
<v Speaker 5>was only getting about sixteen hundred.

0:14:13.960 --> 0:14:17.520
<v Speaker 2>So now so so now you got almost you equaling

0:14:17.559 --> 0:14:21.480
<v Speaker 2>your job. You're not doing nothing just from two machines.

0:14:21.160 --> 0:14:23.080
<v Speaker 5>Right, and that's what really, that's that's when it hit

0:14:23.160 --> 0:14:25.800
<v Speaker 5>me like like this is like this is something you

0:14:25.840 --> 0:14:28.800
<v Speaker 5>need to do, like get get more, get more of

0:14:28.800 --> 0:14:31.240
<v Speaker 5>these and you know, and grow and then you know,

0:14:31.280 --> 0:14:32.600
<v Speaker 5>and at that time, I just wanted out of my

0:14:32.720 --> 0:14:34.800
<v Speaker 5>job so bad. It's like if I get more of these,

0:14:34.840 --> 0:14:37.600
<v Speaker 5>I get enough, you know, I could stop working and

0:14:37.640 --> 0:14:40.440
<v Speaker 5>then you know, enjoy some some free time, like you know,

0:14:40.480 --> 0:14:43.480
<v Speaker 5>that was my thing, is chasing you know, freedom dope.

0:14:43.520 --> 0:14:45.280
<v Speaker 2>And then you said and then from there you just

0:14:46.160 --> 0:14:47.880
<v Speaker 2>went all in. Yeah.

0:14:47.960 --> 0:14:50.680
<v Speaker 5>So from then, from from that point I found I

0:14:50.720 --> 0:14:56.080
<v Speaker 5>got a high school, got that got that spot, ended

0:14:56.160 --> 0:14:58.000
<v Speaker 5>up getting another. I had two machines placed in that

0:14:58.120 --> 0:15:00.800
<v Speaker 5>high school. Now the high school did the same thing

0:15:00.840 --> 0:15:03.640
<v Speaker 5>that that motel did as far as numbers, very close anyway.

0:15:05.520 --> 0:15:08.120
<v Speaker 5>And then so that point I'm past when I'm getting

0:15:08.160 --> 0:15:10.960
<v Speaker 5>at work, and then I had another spot contact being

0:15:11.000 --> 0:15:13.080
<v Speaker 5>oneted a machine place and at that point I left

0:15:13.080 --> 0:15:13.480
<v Speaker 5>my job.

0:15:14.760 --> 0:15:16.120
<v Speaker 4>Was it your former high school? Because I know the

0:15:16.200 --> 0:15:19.160
<v Speaker 4>barber shop exactly? So you went back to your phone exactly.

0:15:19.320 --> 0:15:21.160
<v Speaker 2>So how did what age were you when you stopped

0:15:21.160 --> 0:15:24.920
<v Speaker 2>when you left your job twenty six, So twenty six

0:15:25.080 --> 0:15:26.920
<v Speaker 2>you go out and you're just a full time entrepreneur.

0:15:26.960 --> 0:15:28.840
<v Speaker 2>How to feel? How to feel be a full time entrepreneur?

0:15:29.560 --> 0:15:32.600
<v Speaker 5>You know what? It felt good, but it doesn't. The

0:15:32.680 --> 0:15:35.560
<v Speaker 5>difference is, well, when you're working, it's like, all right,

0:15:35.600 --> 0:15:39.360
<v Speaker 5>well I know what I'm getting. When you're an entrepreneur

0:15:39.400 --> 0:15:42.680
<v Speaker 5>and you're just out here, it's like, yo, you gotta

0:15:43.200 --> 0:15:45.160
<v Speaker 5>you just you gotta grind it, like because you don't

0:15:45.160 --> 0:15:46.560
<v Speaker 5>you don't know what you're going to get now with

0:15:46.600 --> 0:15:48.960
<v Speaker 5>the machines, it's pretty it was pretty stable in terms

0:15:49.000 --> 0:15:51.200
<v Speaker 5>of income, but when stuff slowed down, I still my

0:15:51.240 --> 0:15:53.080
<v Speaker 5>bills are still do Like, my stuff is still the same.

0:15:53.160 --> 0:15:55.080
<v Speaker 5>So it's just like you gotta learn how to budget

0:15:55.080 --> 0:15:58.120
<v Speaker 5>that money different because it's not it's not going to

0:15:58.120 --> 0:16:00.720
<v Speaker 5>come in on a consistent basis, So you kind of

0:16:00.720 --> 0:16:03.200
<v Speaker 5>gotta get a feel for like as the months go by,

0:16:03.240 --> 0:16:04.880
<v Speaker 5>you know, some much is gonna be higher, some muth

0:16:05.000 --> 0:16:07.000
<v Speaker 5>is gonna be lower. Once you figure that pattern out,

0:16:07.000 --> 0:16:09.080
<v Speaker 5>it's easier, but then it's like you kind of got

0:16:09.080 --> 0:16:10.760
<v Speaker 5>to go through the rough times to figure that out.

0:16:11.040 --> 0:16:13.760
<v Speaker 2>Yeah, nah, I'm I'm glad you said that, because that's

0:16:14.000 --> 0:16:16.920
<v Speaker 2>that's true in any business. It's like as a business owner,

0:16:16.920 --> 0:16:19.720
<v Speaker 2>as an entrepreneur, it's like walking a tight rope with

0:16:19.800 --> 0:16:23.160
<v Speaker 2>no safety in that like you never know one one's

0:16:23.240 --> 0:16:26.280
<v Speaker 2>false move in your your screws. And it's like people

0:16:26.280 --> 0:16:30.920
<v Speaker 2>don't understand that anxiety unless you're an entrepreneur, right, because that's.

0:16:30.760 --> 0:16:31.520
<v Speaker 5>Like you said, you got a job.

0:16:31.560 --> 0:16:33.000
<v Speaker 2>Mean you have anxiety as your job, which you can

0:16:33.040 --> 0:16:34.640
<v Speaker 2>get fired, but it's different because like all you got

0:16:34.640 --> 0:16:36.320
<v Speaker 2>to do is show up and you're gonna get a

0:16:36.320 --> 0:16:36.720
<v Speaker 2>pay check.

0:16:37.760 --> 0:16:40.320
<v Speaker 3>And before some people they got perform.

0:16:40.040 --> 0:16:47.040
<v Speaker 5>At the job. Sometimes I'm just saying, you know sometimes

0:16:47.120 --> 0:16:49.280
<v Speaker 5>sometimes yeah, but you know to say that, you know,

0:16:49.360 --> 0:16:51.480
<v Speaker 5>I ended up and you know, you know with what

0:16:51.560 --> 0:16:53.920
<v Speaker 5>you're saying, Like so at that point where I was

0:16:53.960 --> 0:16:57.480
<v Speaker 5>doing that, I got to the point where I'm doing

0:16:57.480 --> 0:17:00.760
<v Speaker 5>it full time and then whatever could go wrong went wrong.

0:17:01.040 --> 0:17:03.360
<v Speaker 5>So I had saved up a good portion of money,

0:17:03.400 --> 0:17:06.040
<v Speaker 5>like before I even quit my job, but I ended

0:17:06.119 --> 0:17:09.440
<v Speaker 5>up getting married. So I got married. I spent that right,

0:17:09.480 --> 0:17:13.119
<v Speaker 5>So I'm like, it's cool, Like the way my money

0:17:13.119 --> 0:17:14.640
<v Speaker 5>coming in, it's like I'm gonna get it right back.

0:17:15.040 --> 0:17:16.600
<v Speaker 5>But then as soon as I as soon as we

0:17:16.640 --> 0:17:19.600
<v Speaker 5>got finished the wedding and everything, I lost my top spots.

0:17:19.720 --> 0:17:21.960
<v Speaker 5>So I lost my where I lost my main time

0:17:21.960 --> 0:17:22.800
<v Speaker 5>spots to my motel.

0:17:22.960 --> 0:17:24.640
<v Speaker 2>Motel got closed down, got got.

0:17:24.440 --> 0:17:26.760
<v Speaker 5>Shut down, so that that was a hard hit. And

0:17:26.800 --> 0:17:31.560
<v Speaker 5>then the summer hit, my school slowed down, so right,

0:17:31.600 --> 0:17:34.040
<v Speaker 5>the teachers aren't there, So the school goes from making

0:17:34.440 --> 0:17:39.320
<v Speaker 5>a thousand dollars or whatever, you know, fourteen goes down

0:17:39.320 --> 0:17:42.800
<v Speaker 5>to like four hundred, soot, you know something cris like

0:17:43.080 --> 0:17:45.359
<v Speaker 5>Now that's like, man, I gotta go back to work.

0:17:45.520 --> 0:17:47.960
<v Speaker 5>Like so at that point I went back to work.

0:17:48.080 --> 0:17:50.040
<v Speaker 5>Put you know, my tub was from my leg went

0:17:50.080 --> 0:17:53.280
<v Speaker 5>back to work, and then you know, started started working,

0:17:53.560 --> 0:17:56.160
<v Speaker 5>saving and trying to rebuild, and I started getting more spots,

0:17:56.200 --> 0:17:59.080
<v Speaker 5>and you know, so on and so, and I like

0:17:59.119 --> 0:17:59.560
<v Speaker 5>what you said.

0:17:59.560 --> 0:18:02.680
<v Speaker 2>Also you said I saw on Instagram you said why

0:18:02.920 --> 0:18:05.480
<v Speaker 2>have a second job when you can start your first business?

0:18:05.840 --> 0:18:06.040
<v Speaker 5>Right?

0:18:06.119 --> 0:18:09.080
<v Speaker 2>And that's true, Like as far as like side hustle,

0:18:09.119 --> 0:18:11.600
<v Speaker 2>It's like people use the word side hustle all the time,

0:18:11.680 --> 0:18:13.560
<v Speaker 2>but it's like what does that really mean? Right? It

0:18:13.600 --> 0:18:15.760
<v Speaker 2>means like like you said, as far as you might

0:18:15.840 --> 0:18:19.840
<v Speaker 2>have a regular job, but that doesn't mean you can't

0:18:19.840 --> 0:18:22.720
<v Speaker 2>be an entrepreneur either. It's like you can create another

0:18:22.800 --> 0:18:25.720
<v Speaker 2>income stream for yourself while you're still working in your

0:18:25.760 --> 0:18:29.440
<v Speaker 2>other job until you feel comfortable jumping off the porch

0:18:29.440 --> 0:18:31.119
<v Speaker 2>and just doing that full time if you want to.

0:18:31.320 --> 0:18:33.439
<v Speaker 5>Yeah, And then that same note, I think you have

0:18:33.520 --> 0:18:35.640
<v Speaker 5>to get to the point where your job not your job,

0:18:35.840 --> 0:18:38.520
<v Speaker 5>where your business is making enough to actually pay you,

0:18:39.200 --> 0:18:40.919
<v Speaker 5>because it's one thing that's that you getting the money in,

0:18:40.960 --> 0:18:43.240
<v Speaker 5>like is it enough to pay you? So that's kind

0:18:43.240 --> 0:18:46.679
<v Speaker 5>of where I was because the way I was I

0:18:46.840 --> 0:18:48.960
<v Speaker 5>was growing my business is I was taken at that

0:18:49.119 --> 0:18:50.720
<v Speaker 5>at this point, the way I was growing, I was

0:18:50.760 --> 0:18:53.320
<v Speaker 5>taking my money from my job right and I was

0:18:53.400 --> 0:18:54.960
<v Speaker 5>using that for my bills and anything I got off

0:18:55.000 --> 0:18:58.520
<v Speaker 5>the machines I was putting directly it get more machines

0:18:58.600 --> 0:19:00.919
<v Speaker 5>and it's more integral, get more machines than it kind

0:19:00.960 --> 0:19:02.800
<v Speaker 5>of helped me grow faster versus while I was just

0:19:02.880 --> 0:19:04.639
<v Speaker 5>doing that. If I had just kept doing that this

0:19:04.800 --> 0:19:06.639
<v Speaker 5>doing that byself, it was like it would have been

0:19:06.640 --> 0:19:08.600
<v Speaker 5>a slower pace in order to grow.

0:19:08.600 --> 0:19:10.480
<v Speaker 4>We've been saying that all week, man, and when we

0:19:10.480 --> 0:19:12.919
<v Speaker 4>talk about multiple streams of income, we always by the

0:19:12.920 --> 0:19:14.800
<v Speaker 4>theory like one is too close to none.

0:19:14.920 --> 0:19:16.800
<v Speaker 3>So if you got one, that means that goes away,

0:19:16.880 --> 0:19:19.640
<v Speaker 3>you're done. Right. The more you can make, the more

0:19:19.680 --> 0:19:20.840
<v Speaker 3>you can have, you know what I'm saying.

0:19:20.880 --> 0:19:22.760
<v Speaker 2>No, it's a good idea. And that's something I just

0:19:22.760 --> 0:19:24.679
<v Speaker 2>thought about as far as like, if you're working a

0:19:24.720 --> 0:19:28.760
<v Speaker 2>regular job and you have a side business or a

0:19:28.760 --> 0:19:32.080
<v Speaker 2>business outside of your regular job, Yeah, that business, you

0:19:32.160 --> 0:19:34.160
<v Speaker 2>might not actually be able to get any money from

0:19:34.160 --> 0:19:36.720
<v Speaker 2>that business if you actually are growing it. But that's

0:19:36.760 --> 0:19:39.360
<v Speaker 2>another benefit of having the job as well, because now

0:19:39.359 --> 0:19:42.640
<v Speaker 2>you're not pressured like if you just only an entrepreneur,

0:19:42.640 --> 0:19:45.200
<v Speaker 2>you're pressured, like you got a family to take care of.

0:19:45.240 --> 0:19:46.480
<v Speaker 2>You got you know what im saying, You got bills

0:19:46.520 --> 0:19:49.879
<v Speaker 2>or mortgage rent, whatever. You can't just say all right, guys,

0:19:49.920 --> 0:19:51.720
<v Speaker 2>we're not gonna eat this month because I'll put the

0:19:51.760 --> 0:19:54.280
<v Speaker 2>money back into the business. Like, so that takes a

0:19:54.320 --> 0:19:57.120
<v Speaker 2>little bit of pressure off you. And like you said,

0:19:57.160 --> 0:20:01.000
<v Speaker 2>it's all about it's never about you can't run anybody

0:20:01.000 --> 0:20:02.760
<v Speaker 2>else's race. So like a lot of time you see

0:20:02.800 --> 0:20:04.920
<v Speaker 2>on social media and it's like people try to compare

0:20:04.960 --> 0:20:07.040
<v Speaker 2>themselves to other people and it's like you don't know

0:20:07.160 --> 0:20:10.680
<v Speaker 2>a what's real or what's not, and B you got

0:20:10.680 --> 0:20:12.600
<v Speaker 2>to move at your pace, so you might not be

0:20:12.640 --> 0:20:14.720
<v Speaker 2>time for you to just completely quit your job yet.

0:20:15.160 --> 0:20:16.640
<v Speaker 2>And there's nothing wrong with that, like.

0:20:17.040 --> 0:20:18.640
<v Speaker 3>I'm living right now.

0:20:18.920 --> 0:20:20.960
<v Speaker 5>I think it's it's more it's a mindset thing too,

0:20:20.960 --> 0:20:22.879
<v Speaker 5>because I think, you know, the reason I even post

0:20:22.880 --> 0:20:25.879
<v Speaker 5>stuff like that is because it's not really like people

0:20:25.920 --> 0:20:29.119
<v Speaker 5>don't have the knowledge or you know, can't do this

0:20:29.280 --> 0:20:30.680
<v Speaker 5>or can't do that. It's like they got you got.

0:20:30.720 --> 0:20:32.639
<v Speaker 5>It starts with the mindset. You gotta have the right

0:20:32.680 --> 0:20:34.800
<v Speaker 5>mindset to look at things the right way, you know

0:20:34.800 --> 0:20:37.399
<v Speaker 5>what I'm saying. I know another post that that I

0:20:37.440 --> 0:20:39.960
<v Speaker 5>put up, and this is something that is it's been

0:20:40.000 --> 0:20:42.520
<v Speaker 5>bothering me because people commented on it every day and

0:20:42.520 --> 0:20:44.320
<v Speaker 5>I probably made about three or four videos about it,

0:20:44.320 --> 0:20:47.600
<v Speaker 5>and people still comment like saying, like, so the thing

0:20:47.960 --> 0:20:50.920
<v Speaker 5>is one hundred k right, and then if you want

0:20:50.960 --> 0:20:52.720
<v Speaker 5>to make one hundred cared a year, and it breaks down,

0:20:53.040 --> 0:20:54.240
<v Speaker 5>all right, what if you want to make one hundred

0:20:54.240 --> 0:20:57.080
<v Speaker 5>cared year? You gotta make this a month, this week

0:20:57.160 --> 0:20:59.399
<v Speaker 5>or day day, right, And they looking at it like

0:20:59.400 --> 0:21:02.840
<v Speaker 5>and they'll say stuff like all right, well, what about

0:21:03.040 --> 0:21:07.480
<v Speaker 5>what about uh like the expenses or what about this?

0:21:07.600 --> 0:21:10.679
<v Speaker 5>What about that? Oh? How are you working twenty four hours?

0:21:10.720 --> 0:21:13.000
<v Speaker 5>I'm like, well, you're just looking at it wrong. Like

0:21:13.000 --> 0:21:15.439
<v Speaker 5>who says those numbers aren't profit? Like who says that

0:21:15.560 --> 0:21:17.000
<v Speaker 5>hundred k isn't it could be you could make a

0:21:17.080 --> 0:21:19.560
<v Speaker 5>hundred profit, you know what I'm saying. Who says you

0:21:19.640 --> 0:21:20.720
<v Speaker 5>have to work twenty four hours?

0:21:20.760 --> 0:21:20.840
<v Speaker 3>Like?

0:21:20.840 --> 0:21:23.320
<v Speaker 5>Then in this case with this, you know, benis in particular,

0:21:23.720 --> 0:21:25.800
<v Speaker 5>if I have machines out there, I'm not working. The

0:21:25.880 --> 0:21:27.280
<v Speaker 5>machines are doing to work for me.

0:21:27.359 --> 0:21:29.560
<v Speaker 3>I'm just got to make money while you sleep.

0:21:29.600 --> 0:21:32.720
<v Speaker 5>Right, Joe. So people people don't look at it that way.

0:21:32.760 --> 0:21:34.720
<v Speaker 5>You have to look at it, you know, the right

0:21:34.760 --> 0:21:36.760
<v Speaker 5>way in order to be successful.

0:21:36.800 --> 0:21:39.240
<v Speaker 2>Well, everybody's an expert on social media, and they always

0:21:39.280 --> 0:21:41.399
<v Speaker 2>look to see like the wrong thing. They'd be like,

0:21:41.440 --> 0:21:45.200
<v Speaker 2>well everything like oh you misspelled this, Like you get

0:21:45.200 --> 0:21:45.720
<v Speaker 2>the point of it?

0:21:45.760 --> 0:21:47.680
<v Speaker 5>What about the gas?

0:21:49.119 --> 0:21:52.040
<v Speaker 2>There's always a critic. But all right, So that's that's

0:21:52.040 --> 0:21:54.040
<v Speaker 2>the backstory. So now the next second we're going to

0:21:54.119 --> 0:21:56.240
<v Speaker 2>go into what ey L is known for. We're gonna

0:21:56.240 --> 0:21:59.280
<v Speaker 2>break it down and answer some questions and give some

0:21:59.280 --> 0:22:01.680
<v Speaker 2>some free games as how people can you know, get

0:22:01.720 --> 0:22:04.480
<v Speaker 2>information on the vending machine business. All right, so now

0:22:04.480 --> 0:22:06.359
<v Speaker 2>we're going to get into some details. So all right,

0:22:06.400 --> 0:22:10.199
<v Speaker 2>so for vending machines, right, first question is how much

0:22:10.240 --> 0:22:11.359
<v Speaker 2>does the vending machine costs?

0:22:12.160 --> 0:22:15.320
<v Speaker 5>So it could range. So I mean the cheapest you're

0:22:15.359 --> 0:22:17.040
<v Speaker 5>going to find it is always going to be somewhere

0:22:17.080 --> 0:22:19.680
<v Speaker 5>around one thousand dollars if you're using a used machine,

0:22:20.080 --> 0:22:22.440
<v Speaker 5>versus if you're coming in with something new, you're looking

0:22:22.480 --> 0:22:24.879
<v Speaker 5>at about five brand five grand for a brand new

0:22:24.920 --> 0:22:27.879
<v Speaker 5>one brand like brand new in the top of the line,

0:22:28.600 --> 0:22:29.360
<v Speaker 5>new or used.

0:22:29.359 --> 0:22:31.280
<v Speaker 4>I didn't even know that there were new use machines.

0:22:32.320 --> 0:22:33.639
<v Speaker 4>How where do we even get this?

0:22:33.800 --> 0:22:33.960
<v Speaker 5>Like?

0:22:34.160 --> 0:22:36.080
<v Speaker 3>Where am I finding a new machine?

0:22:36.280 --> 0:22:38.800
<v Speaker 5>Where do I go? So, I mean new machines you

0:22:38.840 --> 0:22:42.000
<v Speaker 5>could get from like the man manufacturers actually making like coke,

0:22:42.080 --> 0:22:45.760
<v Speaker 5>PEPSI like those type of places you could buy and

0:22:45.800 --> 0:22:46.320
<v Speaker 5>trade from them.

0:22:46.320 --> 0:22:48.400
<v Speaker 4>Those are where the new machines come from. And we're

0:22:48.440 --> 0:22:51.000
<v Speaker 4>talking about actual what I mean, there's different types. We're

0:22:51.000 --> 0:22:52.480
<v Speaker 4>talking about food banded machines.

0:22:52.200 --> 0:22:55.960
<v Speaker 5>So we're talking about soda snacks. They do have food,

0:22:56.040 --> 0:22:58.639
<v Speaker 5>they have ice cream machines. There's a lot of different

0:22:58.680 --> 0:23:02.080
<v Speaker 5>different types so you're talking about used machines, which is

0:23:02.119 --> 0:23:03.639
<v Speaker 5>you know, I use use machines, and that's what I

0:23:03.720 --> 0:23:07.199
<v Speaker 5>recommend everybody else to use, mainly because it's easier to

0:23:07.280 --> 0:23:09.960
<v Speaker 5>maintain and it's a lot more affordable. Like the price

0:23:10.040 --> 0:23:12.440
<v Speaker 5>is nowhere close to you know, five thousand dollars. You

0:23:12.480 --> 0:23:14.680
<v Speaker 5>can get a used machine for around nine hundred, which

0:23:14.720 --> 0:23:18.240
<v Speaker 5>is what my first machine was. And you could find

0:23:18.280 --> 0:23:22.480
<v Speaker 5>those on places such as like crackslists, offer up Amazon,

0:23:22.760 --> 0:23:26.960
<v Speaker 5>let go, it might be a little more Amazon, And

0:23:26.960 --> 0:23:29.399
<v Speaker 5>then the only reason I wouldn't I would say not

0:23:29.480 --> 0:23:32.480
<v Speaker 5>to get it off like a platform where it's like online,

0:23:32.520 --> 0:23:34.880
<v Speaker 5>because I would recommend you checking the machine out first.

0:23:34.960 --> 0:23:36.159
<v Speaker 5>You don't want to get it and get it and

0:23:36.520 --> 0:23:39.120
<v Speaker 5>get it where you don't put it and then it's

0:23:39.160 --> 0:23:40.679
<v Speaker 5>not working right and then you have to ship it

0:23:40.720 --> 0:23:42.320
<v Speaker 5>back like that. That's a long process.

0:23:42.560 --> 0:23:44.960
<v Speaker 2>You said, let go, Yeah, what's what's that?

0:23:45.119 --> 0:23:45.800
<v Speaker 5>So it's an app?

0:23:46.040 --> 0:23:46.520
<v Speaker 2>It's an app?

0:23:46.600 --> 0:23:50.600
<v Speaker 5>Yeah, so let go off for a Facebook market. But

0:23:50.960 --> 0:23:54.320
<v Speaker 5>it just depends that. And another thing is it matters

0:23:54.440 --> 0:23:57.000
<v Speaker 5>is how are you how are you trying to scale this?

0:23:57.480 --> 0:24:00.359
<v Speaker 5>Do you wanted this to be on some side hustle,

0:24:00.400 --> 0:24:02.879
<v Speaker 5>passive income stuff, or do you want to grow it

0:24:02.920 --> 0:24:06.040
<v Speaker 5>into like a full time business, because if you're just

0:24:06.040 --> 0:24:07.760
<v Speaker 5>doing it as a side hustle, just tarned some extra

0:24:07.840 --> 0:24:11.320
<v Speaker 5>baldo on the sign, you know, using those resources such

0:24:11.320 --> 0:24:14.199
<v Speaker 5>as like you know cress is fine. But if you

0:24:14.240 --> 0:24:15.840
<v Speaker 5>really want to do it like for a time, you

0:24:15.880 --> 0:24:19.360
<v Speaker 5>want to find like what I what I call vending warehouses.

0:24:19.840 --> 0:24:23.919
<v Speaker 5>So a vending warehouse is just a vending company that

0:24:24.080 --> 0:24:26.840
<v Speaker 5>is large enough to sell you vending machines. So that's

0:24:26.920 --> 0:24:28.640
<v Speaker 5>kind of how we make our money. On the back end.

0:24:29.080 --> 0:24:31.480
<v Speaker 5>I might have some machines setting around and then our

0:24:31.560 --> 0:24:34.639
<v Speaker 5>cellos to anybody who's looking to buy it.

0:24:34.880 --> 0:24:36.439
<v Speaker 2>Where do you find vending warehouses?

0:24:36.800 --> 0:24:39.720
<v Speaker 5>So you would have to google vending machine companies in

0:24:39.800 --> 0:24:42.920
<v Speaker 5>your area and then contact them and see if they.

0:24:42.720 --> 0:24:44.280
<v Speaker 2>It's all like regional, it's all regional.

0:24:44.480 --> 0:24:47.040
<v Speaker 4>Yeah, after I order it, I'm thinking to myself, right

0:24:47.080 --> 0:24:51.120
<v Speaker 4>now I'm ordering the machine, Uh, probably need the location first, right,

0:24:51.200 --> 0:24:52.800
<v Speaker 4>because they're going to send that to your house?

0:24:53.200 --> 0:24:55.400
<v Speaker 3>Right, So do they send it to What happens after

0:24:55.400 --> 0:24:55.960
<v Speaker 3>I order it?

0:24:56.359 --> 0:24:59.119
<v Speaker 5>So you could you could pick it the machine up

0:24:59.160 --> 0:25:02.560
<v Speaker 5>first for our our I recommend to people always always

0:25:02.600 --> 0:25:05.879
<v Speaker 5>always get the machine after you have the location. For

0:25:05.960 --> 0:25:08.879
<v Speaker 5>multiple reasons, because if you go out and you get excited, Okay,

0:25:08.880 --> 0:25:11.560
<v Speaker 5>I'm going to vending thing. I see a cheap Solda machine.

0:25:11.600 --> 0:25:13.800
<v Speaker 5>This is a great deal. You buy it. Maybe you

0:25:13.840 --> 0:25:15.959
<v Speaker 5>got it in your garage or something like that. You

0:25:16.040 --> 0:25:18.320
<v Speaker 5>don't know what type of location you're gonna get first,

0:25:18.640 --> 0:25:20.639
<v Speaker 5>so that means you don't know what that location is

0:25:20.640 --> 0:25:22.640
<v Speaker 5>going to need. Maybe they already got a sort of machine,

0:25:22.680 --> 0:25:25.200
<v Speaker 5>maybe they need a slack machine won't fit right, And

0:25:25.280 --> 0:25:29.240
<v Speaker 5>then that's another thing. You don't know what the measurements

0:25:29.240 --> 0:25:31.720
<v Speaker 5>are for their space they have to put the machine,

0:25:31.800 --> 0:25:34.240
<v Speaker 5>So it could be the machine you make you could

0:25:34.240 --> 0:25:36.000
<v Speaker 5>have maybe too big, maybe it's too big to fit

0:25:36.040 --> 0:25:38.240
<v Speaker 5>through the doorway, Maybe it's too big for the space

0:25:38.560 --> 0:25:40.880
<v Speaker 5>that they actually want the machine. So it's always best

0:25:40.920 --> 0:25:43.760
<v Speaker 5>to wait until you get that location you know on

0:25:43.800 --> 0:25:46.440
<v Speaker 5>a paper, and then you go out and get your machine.

0:25:46.480 --> 0:25:48.479
<v Speaker 5>But on the flip side, you also want to know

0:25:48.920 --> 0:25:51.000
<v Speaker 5>your resources first, Like you want to know where you're

0:25:51.000 --> 0:25:55.159
<v Speaker 5>getting that machine from prior to you know, finding your location.

0:25:55.640 --> 0:25:58.440
<v Speaker 2>So like what's some typical they like typical profit margins,

0:25:58.480 --> 0:26:01.000
<v Speaker 2>like how much money can a person expect to make

0:26:01.080 --> 0:26:02.280
<v Speaker 2>off of like one machine.

0:26:02.880 --> 0:26:06.200
<v Speaker 5>So an average a good location, well you'll see around

0:26:06.240 --> 0:26:09.359
<v Speaker 5>five hundred dollars for the foot per machine. Right, most

0:26:09.359 --> 0:26:11.840
<v Speaker 5>locations have two machines, you know what I'm saying, unless

0:26:11.840 --> 0:26:13.719
<v Speaker 5>it's like a combo if most of the time, if

0:26:13.760 --> 0:26:16.600
<v Speaker 5>you'll find a combo machine, it's in a smaller in

0:26:16.640 --> 0:26:19.560
<v Speaker 5>a smaller space because they can't fit two machines, or

0:26:19.960 --> 0:26:23.560
<v Speaker 5>it's because maybe it's a slower that has slower traffic,

0:26:23.600 --> 0:26:25.880
<v Speaker 5>lower traffic, and you don't want to put two machines

0:26:25.880 --> 0:26:27.760
<v Speaker 5>in there, you know that type of situation.

0:26:27.920 --> 0:26:30.159
<v Speaker 2>So like a thousand dollars if you have two machines

0:26:30.200 --> 0:26:31.600
<v Speaker 2>and one location, Yeah, that's about it.

0:26:31.960 --> 0:26:34.200
<v Speaker 4>Right. When you have to find locations, you obviously looked

0:26:34.240 --> 0:26:36.160
<v Speaker 4>at your life. You said, look, I played ball here,

0:26:36.160 --> 0:26:38.200
<v Speaker 4>I'm gonna put one here. That's my high school, that's

0:26:38.200 --> 0:26:40.439
<v Speaker 4>my barbershop. What does the average person have to do

0:26:40.480 --> 0:26:42.040
<v Speaker 4>in terms of finding locations?

0:26:42.320 --> 0:26:45.600
<v Speaker 5>So step one now now to be honest with y'all,

0:26:45.640 --> 0:26:50.679
<v Speaker 5>Like I had experience in like different marketing before beforehand,

0:26:50.720 --> 0:26:54.240
<v Speaker 5>so I was already kind of seasoned season with UH

0:26:55.040 --> 0:26:58.359
<v Speaker 5>networking and more and reaching people and calling all that

0:26:58.359 --> 0:27:01.520
<v Speaker 5>type of stuff. Huh, doing something I did, do whole something,

0:27:01.920 --> 0:27:05.040
<v Speaker 5>So I real estate. Yeah, so I used those same

0:27:05.080 --> 0:27:07.840
<v Speaker 5>type of tactics to find locations because it was I

0:27:07.920 --> 0:27:10.240
<v Speaker 5>learned a lot from actually going out and trying to

0:27:10.280 --> 0:27:12.320
<v Speaker 5>find properties, you know what I'm saying. When I was

0:27:12.359 --> 0:27:14.720
<v Speaker 5>doing the whole selling thing. So the first thing I

0:27:14.760 --> 0:27:17.800
<v Speaker 5>did was network. So I reached out to everybody around me,

0:27:17.960 --> 0:27:20.320
<v Speaker 5>all my friends, all my family members, let them know

0:27:20.359 --> 0:27:22.359
<v Speaker 5>what I was doing. And this through doing that, it

0:27:22.440 --> 0:27:25.359
<v Speaker 5>led me to having like my first few locations, you

0:27:25.400 --> 0:27:26.720
<v Speaker 5>know what I'm saying. So that's how I ended up

0:27:26.760 --> 0:27:29.679
<v Speaker 5>getting a school like you this name, which is my

0:27:29.720 --> 0:27:32.679
<v Speaker 5>prior high school. I talked to them, you know, they

0:27:33.000 --> 0:27:35.399
<v Speaker 5>let me place a vending machine in there, and it

0:27:35.560 --> 0:27:37.480
<v Speaker 5>led me to you know, getting a few other spots.

0:27:37.680 --> 0:27:39.679
<v Speaker 2>You know, I'm just thinking about it. A lot of

0:27:39.840 --> 0:27:42.520
<v Speaker 2>places that I Yeah, they have two vendom machines, like

0:27:42.560 --> 0:27:46.919
<v Speaker 2>a community center, a school. Yeah, you have two vending machines.

0:27:47.440 --> 0:27:50.800
<v Speaker 2>I never thought about that before. I mean, or try

0:27:50.880 --> 0:27:53.000
<v Speaker 2>to cut you off. You can have two vending machines

0:27:53.080 --> 0:27:56.440
<v Speaker 2>right next to each other, Like one is sodas and drinks,

0:27:56.760 --> 0:27:59.000
<v Speaker 2>the other one is candies and chips.

0:27:59.000 --> 0:28:01.040
<v Speaker 5>And stuff. They always like right next to right next

0:28:01.080 --> 0:28:01.480
<v Speaker 5>to each other.

0:28:01.880 --> 0:28:03.600
<v Speaker 2>But that's not bad you think about it, like a

0:28:03.680 --> 0:28:07.400
<v Speaker 2>thousand dollars, that's like you could be getting rental income,

0:28:08.359 --> 0:28:10.520
<v Speaker 2>but it's a lot less overhead as far as buying

0:28:10.560 --> 0:28:10.880
<v Speaker 2>a home.

0:28:11.600 --> 0:28:14.119
<v Speaker 3>Yeah, so that was what I was gonna say. Two things.

0:28:14.119 --> 0:28:16.679
<v Speaker 4>Well, first of when of these big corporations, like if

0:28:16.720 --> 0:28:19.120
<v Speaker 4>I see a Coca Cola machine, right, that's a vendor machine?

0:28:19.200 --> 0:28:21.000
<v Speaker 3>Can I purchase that from it? Or is the corporation

0:28:21.119 --> 0:28:22.119
<v Speaker 3>putting that in the location?

0:28:22.119 --> 0:28:24.000
<v Speaker 4>Because you could have two vendom machines and then they

0:28:24.040 --> 0:28:25.200
<v Speaker 4>have all co products?

0:28:25.520 --> 0:28:26.320
<v Speaker 3>Can you purchase that?

0:28:26.800 --> 0:28:28.960
<v Speaker 5>Can you purchase it from from like Coca Cola?

0:28:29.080 --> 0:28:30.880
<v Speaker 3>Is that like a thing? Can you get a vendom

0:28:30.880 --> 0:28:32.400
<v Speaker 3>machine from a corporation.

0:28:33.240 --> 0:28:35.639
<v Speaker 5>You're talking about as far as have if the machine

0:28:35.680 --> 0:28:38.560
<v Speaker 5>is placed somewhere or if there is manufacturing the machines.

0:28:38.680 --> 0:28:41.040
<v Speaker 4>Well, so I'm thinking in terms of I have my

0:28:41.160 --> 0:28:43.600
<v Speaker 4>vendom machine, right, I have two of them there, and

0:28:43.640 --> 0:28:44.080
<v Speaker 4>then there's.

0:28:43.960 --> 0:28:46.000
<v Speaker 5>Like a coke machine those coke products.

0:28:46.120 --> 0:28:47.840
<v Speaker 4>Is that something that like the average person can purchase

0:28:47.920 --> 0:28:49.160
<v Speaker 4>or is just straight from the corporation?

0:28:49.240 --> 0:28:52.520
<v Speaker 5>So so all right, so coke does Coke actually places

0:28:52.600 --> 0:28:56.840
<v Speaker 5>machines themselves. So but what they'll do is they don't

0:28:57.480 --> 0:29:02.320
<v Speaker 5>they actually just will place the machine, right, But the

0:29:02.680 --> 0:29:05.520
<v Speaker 5>thing is the person they would have to like charge

0:29:05.520 --> 0:29:09.560
<v Speaker 5>a certain amount the in products. So the products. Once

0:29:09.560 --> 0:29:12.080
<v Speaker 5>you buy a certain amount of products from from Coke,

0:29:12.120 --> 0:29:13.360
<v Speaker 5>they'll play they get you they get a place of

0:29:13.400 --> 0:29:16.040
<v Speaker 5>VD machine for free, so and then they'll service it

0:29:16.320 --> 0:29:19.280
<v Speaker 5>or whatever. Like. So if you're talking about like if

0:29:19.280 --> 0:29:22.280
<v Speaker 5>that machine is there, most more than likely your machine

0:29:22.280 --> 0:29:24.040
<v Speaker 5>won't be there because they'll have some type of contract

0:29:24.080 --> 0:29:26.480
<v Speaker 5>with Coca Cola and they're not gonna let nobody else

0:29:26.520 --> 0:29:26.800
<v Speaker 5>in there.

0:29:27.440 --> 0:29:29.680
<v Speaker 2>So as far as location, because I know you said

0:29:29.720 --> 0:29:36.520
<v Speaker 2>that you had a couple of different keys, foot traffic, isolation, uh,

0:29:37.920 --> 0:29:42.520
<v Speaker 2>waiting rooms, so all of these different things. But before

0:29:42.520 --> 0:29:45.280
<v Speaker 2>you even get to that, how do you approach somebody

0:29:45.320 --> 0:29:46.800
<v Speaker 2>to put a vending machine in their place?

0:29:46.920 --> 0:29:47.000
<v Speaker 1>Like?

0:29:47.680 --> 0:29:52.040
<v Speaker 2>All right, so you you see a school, like, what's

0:29:52.080 --> 0:29:53.880
<v Speaker 2>the process to say, hey, can I put a vending

0:29:53.920 --> 0:29:54.280
<v Speaker 2>machine here?

0:29:54.280 --> 0:29:56.000
<v Speaker 3>I talked to the principal, Yeah.

0:29:55.760 --> 0:29:56.400
<v Speaker 2>Like how does that work?

0:29:56.440 --> 0:29:58.360
<v Speaker 5>So that's that's a good question. That's a lot of

0:29:58.400 --> 0:30:01.160
<v Speaker 5>questions everybody ask us. But at all I really do

0:30:01.280 --> 0:30:04.400
<v Speaker 5>is all approach. Whoever the receptionist is that they're that

0:30:04.520 --> 0:30:07.120
<v Speaker 5>first point in contact, and I'll ask them who I

0:30:07.160 --> 0:30:10.840
<v Speaker 5>need to speak to to place a machine here, So

0:30:10.920 --> 0:30:13.400
<v Speaker 5>it's usually the person that everybody usually has a person

0:30:13.400 --> 0:30:16.080
<v Speaker 5>who's in charge of doing business. So the high school

0:30:16.080 --> 0:30:18.600
<v Speaker 5>as a you know, a business manager, I had to

0:30:18.720 --> 0:30:21.040
<v Speaker 5>talk to them. So if you're if I'm going into

0:30:21.360 --> 0:30:22.960
<v Speaker 5>motel with something, most of the time they have a

0:30:22.960 --> 0:30:25.080
<v Speaker 5>business manager that you talk to them. So it's just

0:30:25.160 --> 0:30:28.360
<v Speaker 5>about asking that first point of contact. Get you know, obviously,

0:30:28.400 --> 0:30:30.160
<v Speaker 5>if you can find a manager or something like that,

0:30:30.320 --> 0:30:32.200
<v Speaker 5>reach you, you could reach and but then ask that

0:30:32.280 --> 0:30:35.200
<v Speaker 5>person who's the person who's that I have to talk to?

0:30:35.280 --> 0:30:36.479
<v Speaker 5>That actually makes the decision.

0:30:36.880 --> 0:30:38.800
<v Speaker 4>So once you get in the high school, you get

0:30:38.800 --> 0:30:40.760
<v Speaker 4>into the recreation center, is there a fee that you

0:30:40.760 --> 0:30:43.160
<v Speaker 4>have to pay for being there or it's just part

0:30:43.160 --> 0:30:44.920
<v Speaker 4>of the profit margin you have to give to the places?

0:30:44.960 --> 0:30:45.560
<v Speaker 3>Like how's that work?

0:30:45.640 --> 0:30:48.920
<v Speaker 5>So it's all about from my experience, it's all about

0:30:49.160 --> 0:30:51.640
<v Speaker 5>how you get that how you get that spot. So

0:30:52.240 --> 0:30:56.120
<v Speaker 5>if you have you can have different resources you're using

0:30:56.520 --> 0:30:59.640
<v Speaker 5>to get locations. Right, if one thing that you could

0:30:59.640 --> 0:31:02.200
<v Speaker 5>do is you out, you go out yourself and you

0:31:02.240 --> 0:31:05.120
<v Speaker 5>actually look for locations, like you know, when we talk

0:31:05.200 --> 0:31:08.760
<v Speaker 5>about the whole s other thing, it's called like driving

0:31:08.760 --> 0:31:11.040
<v Speaker 5>for dollars, Like you're heard of that term, right, So

0:31:11.080 --> 0:31:13.000
<v Speaker 5>that that's a method you go out driving around. I

0:31:13.000 --> 0:31:16.680
<v Speaker 5>actually found the laundrymat the other day just driving around.

0:31:16.720 --> 0:31:18.360
<v Speaker 5>I wasn't even looking for it, but I just happened

0:31:18.360 --> 0:31:20.440
<v Speaker 5>to see it, and actually I put it on Instagram,

0:31:20.480 --> 0:31:21.880
<v Speaker 5>so I put it on a lot just to show

0:31:21.920 --> 0:31:24.080
<v Speaker 5>people like this is like, you know, how easy it

0:31:24.120 --> 0:31:25.920
<v Speaker 5>is to find something if you're paying attention to what's

0:31:25.960 --> 0:31:30.280
<v Speaker 5>around you. So that's one method. And another method is

0:31:30.320 --> 0:31:32.440
<v Speaker 5>like cold calling, which is you just make a list

0:31:32.840 --> 0:31:37.800
<v Speaker 5>of multiple places and that that may be suitable for

0:31:37.880 --> 0:31:40.640
<v Speaker 5>a vendor machine in your area that you're looking at

0:31:40.680 --> 0:31:43.640
<v Speaker 5>place one like using zip codes or whatever, and you know,

0:31:43.680 --> 0:31:45.600
<v Speaker 5>and you just call them. If you're doing that method.

0:31:45.640 --> 0:31:47.080
<v Speaker 5>Most of the time I found when you found it,

0:31:47.160 --> 0:31:49.480
<v Speaker 5>like a location like that, they ask for a commissioner

0:31:49.480 --> 0:31:51.520
<v Speaker 5>because you're asking to come into their space and do

0:31:51.600 --> 0:31:55.200
<v Speaker 5>business like you're asking for something from them. Right now.

0:31:55.320 --> 0:31:58.880
<v Speaker 5>On the flip side, you get a website right the top,

0:31:58.960 --> 0:32:01.240
<v Speaker 5>the most the top, the well, the most common thing

0:32:01.240 --> 0:32:04.080
<v Speaker 5>people do is when they're looking for vending services. If

0:32:04.080 --> 0:32:07.280
<v Speaker 5>you know, you're just opened up your store, your business,

0:32:07.320 --> 0:32:09.440
<v Speaker 5>or whatever it may be, it's Google, so they go

0:32:09.520 --> 0:32:13.840
<v Speaker 5>right to Google vending Machine service, and Philadelphia My Joint

0:32:13.880 --> 0:32:15.880
<v Speaker 5>is like one of the top ones on there. So

0:32:16.160 --> 0:32:19.480
<v Speaker 5>you click on that, they they call you, they contact you,

0:32:20.000 --> 0:32:21.840
<v Speaker 5>and then they're going to ask you to place a

0:32:21.920 --> 0:32:24.880
<v Speaker 5>vending machine in their place of business. So most not

0:32:25.360 --> 0:32:27.080
<v Speaker 5>in that scenario. Most of the time, they don't ask

0:32:27.120 --> 0:32:28.840
<v Speaker 5>you for a commission because they just want your service.

0:32:28.920 --> 0:32:32.240
<v Speaker 5>They want your service for their customers or for their

0:32:32.280 --> 0:32:34.640
<v Speaker 5>employees off for whatever reason. It's just like, yeah, we

0:32:34.680 --> 0:32:37.040
<v Speaker 5>just want your service. We're not worried about commission.

0:32:37.240 --> 0:32:40.200
<v Speaker 2>So if you approach them, you got to pay them

0:32:40.280 --> 0:32:42.640
<v Speaker 2>most of the time. If they approach you, you don't

0:32:42.640 --> 0:32:43.280
<v Speaker 2>have to pay.

0:32:43.240 --> 0:32:44.640
<v Speaker 5>Most of the time most of the time. That's how

0:32:44.720 --> 0:32:47.200
<v Speaker 5>that goes. That also depends on what type of place

0:32:47.200 --> 0:32:48.800
<v Speaker 5>it is, you know, because if you're dealing with like

0:32:48.840 --> 0:32:52.080
<v Speaker 5>recreation centers and schools, a lot of times those those

0:32:52.080 --> 0:32:56.920
<v Speaker 5>facilities are like the prod the funds already, so they

0:32:57.000 --> 0:32:59.960
<v Speaker 5>always looking for different ways to supplement, you know, some incomes.

0:33:00.080 --> 0:33:01.479
<v Speaker 5>So they're going to bring that up.

0:33:01.720 --> 0:33:04.040
<v Speaker 2>So what kind of commission is fair? Like if somebody,

0:33:04.280 --> 0:33:06.600
<v Speaker 2>I'll let you put ithead, but here's you gotta give

0:33:06.640 --> 0:33:09.200
<v Speaker 2>me twenty percent, Like what's a fair amount?

0:33:09.200 --> 0:33:13.360
<v Speaker 5>That a fear amount really depends on the traffic and

0:33:13.400 --> 0:33:16.640
<v Speaker 5>that location. But you typically it is around ten percent

0:33:16.960 --> 0:33:18.960
<v Speaker 5>ten percent. It's like a fear amount most of the

0:33:19.000 --> 0:33:20.160
<v Speaker 5>time if it's a good location.

0:33:20.680 --> 0:33:23.680
<v Speaker 4>So you you sit down, you say that we can

0:33:23.720 --> 0:33:24.960
<v Speaker 4>have the vending machine here.

0:33:25.480 --> 0:33:27.920
<v Speaker 5>What we do next we drawing up a contract. Right,

0:33:28.040 --> 0:33:31.000
<v Speaker 5>So at the point where they give me the person

0:33:31.040 --> 0:33:34.360
<v Speaker 5>of contact and they said they're interested and they'll schedule

0:33:34.360 --> 0:33:36.440
<v Speaker 5>a meeting with them. So we're sit down like we're talking. Now,

0:33:36.920 --> 0:33:39.840
<v Speaker 5>I'll have a proposal, which is something I came up

0:33:39.920 --> 0:33:42.400
<v Speaker 5>with this from doing the meetings, and it's all the

0:33:42.440 --> 0:33:45.240
<v Speaker 5>information is in the proposal, which just cuts down the

0:33:45.320 --> 0:33:47.440
<v Speaker 5>meet in town. So you know in there it's just

0:33:47.520 --> 0:33:51.400
<v Speaker 5>about your business, a little bit about yourself. You want

0:33:51.400 --> 0:33:53.320
<v Speaker 5>to put the products that you use, what makes you

0:33:53.360 --> 0:33:57.040
<v Speaker 5>different than other companies, your price points for your products.

0:33:57.280 --> 0:33:59.200
<v Speaker 5>Just present all that to them and then you know,

0:33:59.200 --> 0:34:02.520
<v Speaker 5>if they like that, then I also have the contract there,

0:34:02.880 --> 0:34:05.240
<v Speaker 5>so and if they're good with the contract. You know,

0:34:05.280 --> 0:34:07.320
<v Speaker 5>we sign it right there, do the deal right there. Now,

0:34:07.400 --> 0:34:09.680
<v Speaker 5>sometimes it doesn't go that way. Sometimes they might want

0:34:09.719 --> 0:34:12.960
<v Speaker 5>certain contingencies or whatever and in the contract. So if

0:34:12.960 --> 0:34:15.080
<v Speaker 5>they want that, and you you asked, you have you know,

0:34:15.120 --> 0:34:16.560
<v Speaker 5>obviously you have to go back and draw up a

0:34:16.600 --> 0:34:18.080
<v Speaker 5>new contract and get them to sign that one.

0:34:18.120 --> 0:34:20.000
<v Speaker 4>Yeah, I'm thinking of like the school, right, so I'm

0:34:20.000 --> 0:34:21.840
<v Speaker 4>thinking like one of the contendencies they may have is

0:34:21.880 --> 0:34:25.520
<v Speaker 4>like you can't serve a certain amount of sugar exactly

0:34:26.440 --> 0:34:27.440
<v Speaker 4>certain products.

0:34:27.520 --> 0:34:30.840
<v Speaker 5>And then it's like some people will want your actual

0:34:31.040 --> 0:34:36.760
<v Speaker 5>service hours in there, or they'll want like if basically

0:34:36.800 --> 0:34:38.760
<v Speaker 5>like if if something goes wrong, you have to repair

0:34:38.760 --> 0:34:41.120
<v Speaker 5>it by all this amount of time type of thing like,

0:34:41.200 --> 0:34:43.400
<v Speaker 5>so that stuff is usually people usually tweak, but for

0:34:43.400 --> 0:34:45.720
<v Speaker 5>the most part, they did go about what's on the paper.

0:34:46.080 --> 0:34:50.160
<v Speaker 2>So okay, So as far as let's go back to location.

0:34:50.320 --> 0:34:53.120
<v Speaker 2>So like you said, you said, foot traffic, accessibility, isolation,

0:34:53.719 --> 0:34:57.600
<v Speaker 2>and waiting rooms. Those are like your four golden rules, right, oh, the.

0:34:57.640 --> 0:35:00.000
<v Speaker 5>One second to and then for the commissions. I never

0:35:00.120 --> 0:35:02.920
<v Speaker 5>bring up commission. So never never sit down with a

0:35:03.000 --> 0:35:04.920
<v Speaker 5>location and say all right, well, this is the amount

0:35:05.000 --> 0:35:09.560
<v Speaker 5>that we're paying commission if they don't mention it. Oh yeah, no, no, no,

0:35:10.480 --> 0:35:13.320
<v Speaker 5>some people think that that's like they pitching. Like point

0:35:13.440 --> 0:35:15.120
<v Speaker 5>is like, we can pay you this much in commission,

0:35:15.880 --> 0:35:16.520
<v Speaker 5>don't mention.

0:35:16.400 --> 0:35:18.239
<v Speaker 2>That because it's not neces. That's a good that's a

0:35:18.239 --> 0:35:22.600
<v Speaker 2>good point because you might automatically assume that you have

0:35:22.680 --> 0:35:24.879
<v Speaker 2>to pay because you're in their space. But like you said,

0:35:24.880 --> 0:35:28.440
<v Speaker 2>it's kind of like an attraction where it's like, like

0:35:28.520 --> 0:35:30.879
<v Speaker 2>my son goes to camp. Every time I pick him out,

0:35:31.040 --> 0:35:32.800
<v Speaker 2>he's like, can you give me something on the vendom machine?

0:35:32.920 --> 0:35:34.560
<v Speaker 2>So it's like, you know what I'm saying, it's like

0:35:34.800 --> 0:35:35.879
<v Speaker 2>the vending machine.

0:35:36.800 --> 0:35:37.480
<v Speaker 3>Erness what's up?

0:35:37.560 --> 0:35:40.759
<v Speaker 4>You ever walk into a small business and everything just works,

0:35:40.960 --> 0:35:44.280
<v Speaker 4>Like the checkout is fast, the seats are digital, tipping

0:35:44.520 --> 0:35:46.960
<v Speaker 4>is a breeze, and you're out the door before the

0:35:47.000 --> 0:35:51.399
<v Speaker 4>line even builds odds are they're using Square? We love

0:35:51.440 --> 0:35:54.600
<v Speaker 4>supporting businesses that run on Square because it just feels seamless.

0:35:54.719 --> 0:35:57.279
<v Speaker 4>Whether it's a local coffee shop, a vendor at a

0:35:57.320 --> 0:36:00.200
<v Speaker 4>pop up market, or even one of our merch partners.

0:36:00.440 --> 0:36:04.200
<v Speaker 4>Square makes it easy for them to take payments, manage inventory,

0:36:04.320 --> 0:36:06.160
<v Speaker 4>and run their business with confidence.

0:36:06.520 --> 0:36:08.200
<v Speaker 3>All from one simple system.

0:36:08.680 --> 0:36:11.279
<v Speaker 4>If you're a business owner or even just thinking about

0:36:11.320 --> 0:36:14.440
<v Speaker 4>launching something soon, Square is hands down one of the

0:36:14.440 --> 0:36:17.920
<v Speaker 4>best tools out there to help you start, run, and grow.

0:36:18.200 --> 0:36:21.200
<v Speaker 4>It's not just about payments, it's about giving you time

0:36:21.280 --> 0:36:24.200
<v Speaker 4>back so you can focus on what matters most ready.

0:36:24.239 --> 0:36:27.640
<v Speaker 4>To see how Square can transform your business, visit Square

0:36:27.719 --> 0:36:32.239
<v Speaker 4>dot com backslash, go backslash eyl to learn more that

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0:36:38.000 --> 0:36:40.359
<v Speaker 4>Let's Square handle the back end so you can keep

0:36:40.400 --> 0:36:46.480
<v Speaker 4>pushing your vision forward. This episode is brought to you

0:36:46.520 --> 0:36:48.799
<v Speaker 4>by P and C Bank. A lot of people think

0:36:48.880 --> 0:36:52.759
<v Speaker 4>podcasts about work are boring, and sure, they definitely can be,

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0:36:56.560 --> 0:37:00.759
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0:37:00.840 --> 0:37:03.640
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<v Speaker 4>P and C Bank National Association Member FDIC. Hi.

0:37:27.800 --> 0:37:29.879
<v Speaker 6>I'm Kristen Bell, and if you know my husband Ax,

0:37:29.880 --> 0:37:32.280
<v Speaker 6>then you also know he loves shopping for a car.

0:37:32.440 --> 0:37:34.120
<v Speaker 6>Selling a car not so much.

0:37:34.239 --> 0:37:35.640
<v Speaker 5>We're really doing this, huh.

0:37:35.719 --> 0:37:38.799
<v Speaker 6>Thankfully. Carvana makes it easy. Answer a few questions, put

0:37:38.800 --> 0:37:41.480
<v Speaker 6>in your vin or license and done. We sold ours

0:37:41.480 --> 0:37:43.799
<v Speaker 6>in minutes this morning, and they'll come pick it up

0:37:43.840 --> 0:37:45.120
<v Speaker 6>and pay us this afternoon.

0:37:46.680 --> 0:37:47.520
<v Speaker 5>Bye bye trucky.

0:37:48.000 --> 0:37:49.920
<v Speaker 6>Of course we kept the favorite.

0:37:51.480 --> 0:37:53.120
<v Speaker 5>Hello other Truckee.

0:37:53.000 --> 0:37:56.120
<v Speaker 6>Sell your car with Carvana today, terms and conditions applying.

0:37:57.160 --> 0:38:00.800
<v Speaker 2>It's actually helping in that situation because it's like people

0:38:00.840 --> 0:38:03.040
<v Speaker 2>something you might just walk into a space just to

0:38:03.120 --> 0:38:03.960
<v Speaker 2>use the vending machine.

0:38:04.160 --> 0:38:06.799
<v Speaker 4>Right, So that I'm now I'm thinking about from the

0:38:06.800 --> 0:38:09.000
<v Speaker 4>business standpoint, having a school during the year is great.

0:38:09.239 --> 0:38:12.800
<v Speaker 3>Having a recreation center during the summer gonth.

0:38:13.640 --> 0:38:17.960
<v Speaker 5>Well, no, recreation recreation centers doing the school year are

0:38:18.000 --> 0:38:21.520
<v Speaker 5>good too, because they have different programs and they have

0:38:21.680 --> 0:38:23.400
<v Speaker 5>basketball games and stuff.

0:38:25.239 --> 0:38:31.279
<v Speaker 2>Yeah yeah, so all right, so location, location, location is

0:38:31.280 --> 0:38:34.880
<v Speaker 2>the most important thing in real estate, period. And I

0:38:34.880 --> 0:38:36.840
<v Speaker 2>guess it's no different from vending machine either, right, You

0:38:36.920 --> 0:38:39.000
<v Speaker 2>got the best vending. You could be giving away gold

0:38:39.080 --> 0:38:42.759
<v Speaker 2>bars if it's in the desert, didn't matter. So how

0:38:42.760 --> 0:38:44.440
<v Speaker 2>do you know what's a good look? I mean obviously,

0:38:44.840 --> 0:38:46.640
<v Speaker 2>well I would say, obviously, how do you know what's

0:38:46.640 --> 0:38:47.520
<v Speaker 2>a good location or not?

0:38:48.080 --> 0:38:50.319
<v Speaker 5>So I mean from what you just basically what you

0:38:50.400 --> 0:38:53.359
<v Speaker 5>just mentioned, but I picked them up as time went on,

0:38:53.560 --> 0:38:57.560
<v Speaker 5>just noticing different things. So when I'm walking into a location,

0:38:58.160 --> 0:38:59.719
<v Speaker 5>I go with a checklist. I don't really use it

0:38:59.719 --> 0:39:01.759
<v Speaker 5>any more because I kind of like know now, but

0:39:01.800 --> 0:39:03.440
<v Speaker 5>it's best to have a checklist and use this. And

0:39:03.440 --> 0:39:04.719
<v Speaker 5>this is what you want to look for. So you

0:39:04.719 --> 0:39:07.600
<v Speaker 5>want to look for when you pull up to the space,

0:39:08.160 --> 0:39:11.040
<v Speaker 5>is it any stores around that building? So when I

0:39:11.080 --> 0:39:14.200
<v Speaker 5>say isolation, that's what I'm talking about. So I'll take

0:39:14.200 --> 0:39:16.440
<v Speaker 5>a lap of two laps around. See, I'm looking for

0:39:16.480 --> 0:39:18.839
<v Speaker 5>corner stores. I'm looking at this for other places to eat,

0:39:19.320 --> 0:39:21.319
<v Speaker 5>all right. So if I don't see no other place

0:39:21.400 --> 0:39:23.760
<v Speaker 5>to eat, I'm like, okay, so that's that's a good sign.

0:39:24.400 --> 0:39:24.600
<v Speaker 3>Right.

0:39:24.640 --> 0:39:26.960
<v Speaker 5>And then when I walk in the door, I'm looking

0:39:27.239 --> 0:39:29.000
<v Speaker 5>in terms of moving, I'm looking for steps and all

0:39:29.040 --> 0:39:30.200
<v Speaker 5>that type of stuff because you have to move the

0:39:30.280 --> 0:39:31.920
<v Speaker 5>machine in there. When it terms of what makes it

0:39:31.960 --> 0:39:35.120
<v Speaker 5>a good location, I'm I'm looking to see where the

0:39:35.160 --> 0:39:38.719
<v Speaker 5>machine will be placed, all right, So I'm like, all right, well,

0:39:38.880 --> 0:39:41.399
<v Speaker 5>is it place somewhere where it's visible and people could

0:39:41.440 --> 0:39:43.279
<v Speaker 5>see it? Because I had one situation where I had

0:39:43.280 --> 0:39:45.160
<v Speaker 5>a it was a hotel wanted me to put a

0:39:45.200 --> 0:39:47.759
<v Speaker 5>machine in there, but they wanted a machine like in

0:39:47.800 --> 0:39:50.000
<v Speaker 5>the in the back way in the back where nobody

0:39:50.000 --> 0:39:51.839
<v Speaker 5>would see it. And on the flip side, it had

0:39:51.840 --> 0:39:55.240
<v Speaker 5>a gas station right next door. So when I was watching,

0:39:55.280 --> 0:39:57.759
<v Speaker 5>I'm watching people come in and they just making the

0:39:57.840 --> 0:39:59.560
<v Speaker 5>left turn right out or right to the gas station.

0:39:59.600 --> 0:40:02.680
<v Speaker 4>I'm like, because the gas station is the place now

0:40:02.680 --> 0:40:03.640
<v Speaker 4>that they're gonna get.

0:40:03.920 --> 0:40:05.719
<v Speaker 5>They see the gas station because it's right because it

0:40:05.800 --> 0:40:08.080
<v Speaker 5>was a big glass you know door obviously and it's

0:40:08.160 --> 0:40:10.880
<v Speaker 5>right there. Versus if that machine is placing in a lot,

0:40:10.880 --> 0:40:12.400
<v Speaker 5>but they just would have used the machine, then nobody

0:40:12.440 --> 0:40:13.640
<v Speaker 5>wants to walk all the way over there if you

0:40:13.640 --> 0:40:16.400
<v Speaker 5>ain't got too only in the night shift, right, So

0:40:16.400 --> 0:40:19.760
<v Speaker 5>so you know that's that's real important. It's important is

0:40:19.760 --> 0:40:24.360
<v Speaker 5>is it being visible and it being accessible to everyone,

0:40:24.480 --> 0:40:27.120
<v Speaker 5>So if everybody can use it, if it's visible, that

0:40:27.120 --> 0:40:30.479
<v Speaker 5>that's a good sign. Another thing I'm looking for is

0:40:31.840 --> 0:40:35.439
<v Speaker 5>hours of operation. So how long is this place open?

0:40:35.520 --> 0:40:38.399
<v Speaker 5>Like you said night shift. Some places open twenty four hours, right,

0:40:38.440 --> 0:40:40.760
<v Speaker 5>That gives you more selves versus it only being opened

0:40:40.840 --> 0:40:45.520
<v Speaker 5>for nine to five like, So that's another that's anotheria

0:40:45.520 --> 0:40:49.879
<v Speaker 5>close now right. So and then probably the last thing

0:40:49.880 --> 0:40:55.319
<v Speaker 5>I'm looking for is foot traffic, right, which is one

0:40:55.360 --> 0:40:56.759
<v Speaker 5>of this is the most important thing. You want to

0:40:56.760 --> 0:40:59.640
<v Speaker 5>see how many employees they got, how many people are

0:40:59.760 --> 0:41:01.520
<v Speaker 5>visit in this place, how many people are in and

0:41:01.560 --> 0:41:03.080
<v Speaker 5>out coming past this machine.

0:41:03.560 --> 0:41:04.319
<v Speaker 3>Yeah, one of the.

0:41:04.239 --> 0:41:06.640
<v Speaker 4>Things you said, And as you said it, I was like, wow,

0:41:06.680 --> 0:41:09.560
<v Speaker 4>that's brilliant. Places that have ideal time where people are

0:41:09.600 --> 0:41:11.719
<v Speaker 4>just waiting. So I would say a hospital, but when

0:41:11.760 --> 0:41:15.319
<v Speaker 4>you just said laundry Matt, I'm thinking like, oh my gosh, yeah,

0:41:15.800 --> 0:41:18.440
<v Speaker 4>like people are sitting in there all day watching machines.

0:41:18.480 --> 0:41:22.600
<v Speaker 2>Though, No, laundry mats are big. Schools are big, recreation

0:41:22.760 --> 0:41:25.600
<v Speaker 2>centers are big, hospitals are big.

0:41:26.200 --> 0:41:27.239
<v Speaker 3>I'm thinking that's the number one.

0:41:27.280 --> 0:41:33.480
<v Speaker 2>Office buildings are big. Dorms dorms, college dorms. College dorms

0:41:33.480 --> 0:41:33.960
<v Speaker 2>are big.

0:41:35.040 --> 0:41:40.759
<v Speaker 5>Yeah, yeah, And give give an example is Temple we

0:41:40.840 --> 0:41:45.279
<v Speaker 5>have a temple dorm. God was doing business with that

0:41:45.440 --> 0:41:47.160
<v Speaker 5>location does around thirty five.

0:41:47.040 --> 0:41:49.720
<v Speaker 2>Hundred a month? How many how many machines?

0:41:49.719 --> 0:41:50.200
<v Speaker 5>Who machines?

0:41:50.920 --> 0:41:51.640
<v Speaker 3>You know what I mean?

0:41:52.120 --> 0:41:54.000
<v Speaker 4>Cos kids don't have a lot of money and they

0:41:54.000 --> 0:41:55.360
<v Speaker 4>don't have transportation.

0:41:55.480 --> 0:41:55.960
<v Speaker 3>So if you put the.

0:41:56.000 --> 0:41:58.080
<v Speaker 2>Vend machine and that's that's you, that's your machines.

0:41:58.800 --> 0:42:00.840
<v Speaker 5>These to those two are a mind. It's the guy. Actually,

0:42:00.840 --> 0:42:02.759
<v Speaker 5>I know we were talking a little more camera. So

0:42:02.800 --> 0:42:05.279
<v Speaker 5>another guy, one of my first, my first mentee. I

0:42:05.320 --> 0:42:06.880
<v Speaker 5>helped him find a spot and that was the spot

0:42:06.880 --> 0:42:07.359
<v Speaker 5>that we got.

0:42:07.440 --> 0:42:09.399
<v Speaker 2>Yeah, thirty five hundred's that's good bread.

0:42:10.000 --> 0:42:13.399
<v Speaker 5>Two machines, two machines, thirty five And then on top

0:42:13.440 --> 0:42:16.200
<v Speaker 5>of that, since that building is to build the way build,

0:42:16.200 --> 0:42:17.560
<v Speaker 5>it could be more machines placed than there.

0:42:17.640 --> 0:42:19.680
<v Speaker 3>And you said, there's a difference in what I mean.

0:42:19.840 --> 0:42:21.840
<v Speaker 4>The older machines don't have something that's very important that

0:42:21.880 --> 0:42:24.759
<v Speaker 4>you said, that's the card readers, right, because now a

0:42:24.800 --> 0:42:26.600
<v Speaker 4>lot of people don't have cash, but they do have.

0:42:26.600 --> 0:42:29.160
<v Speaker 5>Cards to use. So what we do is we'll take

0:42:29.160 --> 0:42:32.399
<v Speaker 5>the older machines and add upgrades on. So we might

0:42:32.480 --> 0:42:35.440
<v Speaker 5>change the door, we might use what we call like

0:42:35.480 --> 0:42:37.840
<v Speaker 5>the lead lighting. So you know the little light strips.

0:42:37.880 --> 0:42:39.560
<v Speaker 5>Put that in the door makes it a little brighter.

0:42:39.960 --> 0:42:41.799
<v Speaker 5>And we can add to car readers, but we would

0:42:41.840 --> 0:42:43.640
<v Speaker 5>just have to change what's in there. It's called the

0:42:43.680 --> 0:42:48.360
<v Speaker 5>circuit board. Okay, expensive circuit board costs about two hundred dollars.

0:42:48.640 --> 0:42:51.160
<v Speaker 5>Car readers are about four hundred, so you're looking at

0:42:51.200 --> 0:42:53.600
<v Speaker 5>to use that as about additional six hundred dollars. But

0:42:54.160 --> 0:42:57.400
<v Speaker 5>on the flip side, those usually increase yourselves by at

0:42:57.480 --> 0:43:00.880
<v Speaker 5>least thirty forty percent, so you know it's worth for

0:43:01.080 --> 0:43:03.479
<v Speaker 5>actually getting those on there if you know you planning

0:43:03.480 --> 0:43:05.160
<v Speaker 5>on doing it on a serious note.

0:43:05.560 --> 0:43:10.440
<v Speaker 2>So, okay, so as far as installation, right, how do

0:43:10.480 --> 0:43:12.840
<v Speaker 2>you know which products to put? So you just buying

0:43:12.960 --> 0:43:15.480
<v Speaker 2>a machine and you can put anything in the machine, correct,

0:43:15.640 --> 0:43:19.239
<v Speaker 2>anything you want. How do you know which products do

0:43:19.280 --> 0:43:19.560
<v Speaker 2>you do?

0:43:19.680 --> 0:43:19.799
<v Speaker 5>Like?

0:43:19.920 --> 0:43:23.000
<v Speaker 2>Okay, I like three those? So or like how do

0:43:23.040 --> 0:43:25.640
<v Speaker 2>you how do you know like which is a good product?

0:43:25.800 --> 0:43:26.040
<v Speaker 3>Question?

0:43:27.040 --> 0:43:29.879
<v Speaker 5>That's asking the question because all right, so my first

0:43:29.880 --> 0:43:31.719
<v Speaker 5>location that I got when I when I said it

0:43:31.840 --> 0:43:34.200
<v Speaker 5>was only doing only a few a few dollars or

0:43:34.200 --> 0:43:37.160
<v Speaker 5>whatever I was putting in there when I like, so

0:43:37.840 --> 0:43:41.120
<v Speaker 5>I had what I like, I'm walking through Sam's cub like, Okay,

0:43:41.120 --> 0:43:44.160
<v Speaker 5>this is good, this is good. But after a while

0:43:44.239 --> 0:43:46.200
<v Speaker 5>it was like, no, you have to put in what

0:43:46.280 --> 0:43:48.560
<v Speaker 5>they want. So what I like to do is in

0:43:48.600 --> 0:43:50.759
<v Speaker 5>my first if it's an office building or something like that,

0:43:50.800 --> 0:43:54.480
<v Speaker 5>I'll use a newsletter and outside the newsletter introducing my services,

0:43:54.520 --> 0:43:56.399
<v Speaker 5>and I'll give them an opportunity to put to tell

0:43:56.400 --> 0:43:59.200
<v Speaker 5>me what they want in the machine. That's like step one.

0:44:00.080 --> 0:44:03.040
<v Speaker 5>Than that, it really comes down to demographics like this,

0:44:04.440 --> 0:44:10.120
<v Speaker 5>certain certain demographics, certain certain groups of people like like

0:44:10.120 --> 0:44:12.600
<v Speaker 5>like certain things. So from my experience, I know if

0:44:12.600 --> 0:44:15.759
<v Speaker 5>I'm dealing with a mostly like Carcasian group, they tend

0:44:15.800 --> 0:44:18.440
<v Speaker 5>to like more of like the plane chips and like

0:44:19.480 --> 0:44:22.920
<v Speaker 5>for real, like for the plain tips, where though if

0:44:22.960 --> 0:44:25.200
<v Speaker 5>I'm gonna it might be more like you know, the

0:44:25.239 --> 0:44:28.360
<v Speaker 5>flavorful barbecue type.

0:44:29.040 --> 0:44:29.239
<v Speaker 3>Yeah.

0:44:29.320 --> 0:44:32.080
<v Speaker 5>Man, just depends depends. It depends what you have, but

0:44:32.120 --> 0:44:34.319
<v Speaker 5>it's it's definitely best to always let the people tell

0:44:34.360 --> 0:44:37.239
<v Speaker 5>you what they and the inventory you're actually going to get, right,

0:44:37.320 --> 0:44:41.400
<v Speaker 5>So like you will go into these warehouses I go to,

0:44:41.480 --> 0:44:43.239
<v Speaker 5>I go to Sam's Club, so I go to most

0:44:43.400 --> 0:44:46.560
<v Speaker 5>mostly shop at Sam's Club, but I do have a

0:44:46.560 --> 0:44:48.440
<v Speaker 5>warehouse that I go to to get products. Now, the

0:44:48.440 --> 0:44:51.000
<v Speaker 5>thing with Sam's Club is it's good if you're just

0:44:51.000 --> 0:44:53.520
<v Speaker 5>doing the like small scale, but if you're buying like

0:44:53.600 --> 0:44:56.919
<v Speaker 5>variety boxes and chips and whatnot, they're going to put

0:44:56.960 --> 0:44:58.600
<v Speaker 5>a few, they're going to put the good chips in there.

0:44:58.640 --> 0:45:02.120
<v Speaker 5>Then they're going to put like a they always selection

0:45:02.520 --> 0:45:04.520
<v Speaker 5>and that right, and that's the one that's not going

0:45:04.600 --> 0:45:06.719
<v Speaker 5>to sell. So when you're doing that on a larger scale,

0:45:06.760 --> 0:45:09.120
<v Speaker 5>you have to keep buying those boxes and boxes. It's like, well,

0:45:09.120 --> 0:45:11.960
<v Speaker 5>that's not that's that's losing making me lose money. So

0:45:12.239 --> 0:45:13.840
<v Speaker 5>when you get to a certain point, you could just

0:45:13.920 --> 0:45:16.760
<v Speaker 5>cut that out and then if you go find a source,

0:45:16.840 --> 0:45:18.640
<v Speaker 5>you have to find a source. You could just get

0:45:18.680 --> 0:45:21.080
<v Speaker 5>the straight fire products, but if you have to buy

0:45:21.080 --> 0:45:24.480
<v Speaker 5>it in a larger quantity, so that boxer Sam's Club

0:45:24.560 --> 0:45:27.279
<v Speaker 5>comes in a box of thirty most of the time,

0:45:27.880 --> 0:45:29.880
<v Speaker 5>Whereas though if I buy that in the larger quantity,

0:45:29.920 --> 0:45:32.359
<v Speaker 5>I got about sixty four boxes, sixty four of all

0:45:32.440 --> 0:45:35.000
<v Speaker 5>one selection, which is going to cost you more money

0:45:35.000 --> 0:45:38.399
<v Speaker 5>because now you have to put that that that variety box.

0:45:38.560 --> 0:45:40.640
<v Speaker 5>It's gonna take about four or five roads because there's

0:45:40.640 --> 0:45:43.239
<v Speaker 5>different chips in there versus it just being one whole

0:45:43.239 --> 0:45:46.040
<v Speaker 5>box and one product that's only one roller product.

0:45:46.520 --> 0:45:48.880
<v Speaker 3>How often are you changing the machines?

0:45:49.120 --> 0:45:52.759
<v Speaker 5>Weekly? Weekly, weekly? Yeah so, I I mean, if you're

0:45:52.800 --> 0:45:55.360
<v Speaker 5>doing it more than more than once a week, you

0:45:55.400 --> 0:45:57.839
<v Speaker 5>probably need a bigger machine. If you're if you're not

0:45:57.880 --> 0:45:59.920
<v Speaker 5>doing it once a week, you probably need a smaller machine.

0:46:00.600 --> 0:46:04.520
<v Speaker 2>And like, so, how do you know what to charge?

0:46:04.560 --> 0:46:06.719
<v Speaker 2>Because you can charge anything. I just found that out.

0:46:06.760 --> 0:46:08.120
<v Speaker 2>You can charge anything at the prices.

0:46:08.239 --> 0:46:10.560
<v Speaker 5>Yeah, you set you set all your own prices. And

0:46:10.719 --> 0:46:13.080
<v Speaker 5>once again, it just comes down to demographics. It comes

0:46:13.120 --> 0:46:15.319
<v Speaker 5>down to the region, the area you you actually you

0:46:15.360 --> 0:46:17.719
<v Speaker 5>know working in. I know we're over here in New York,

0:46:18.080 --> 0:46:20.280
<v Speaker 5>my candy bars are going to be about two dollars.

0:46:20.320 --> 0:46:22.000
<v Speaker 5>Like what if I'm in Philly over there, it's going

0:46:22.040 --> 0:46:24.160
<v Speaker 5>to be about one twenty five. But the main thing

0:46:24.160 --> 0:46:26.240
<v Speaker 5>I'm looking at is I'm looking at my internal investment,

0:46:26.320 --> 0:46:29.600
<v Speaker 5>like my r R all right, yeah, so I'm like,

0:46:30.560 --> 0:46:33.880
<v Speaker 5>if I'm spending X amount, I want to least double that.

0:46:34.719 --> 0:46:38.200
<v Speaker 5>So at minimum, I'm doubling when I'm paying for the products.

0:46:38.400 --> 0:46:41.040
<v Speaker 5>But I'm actually, well, I always try to reach like

0:46:41.120 --> 0:46:42.560
<v Speaker 5>the triple. I try to, you know, get the three

0:46:42.640 --> 0:46:45.960
<v Speaker 5>hundred percent mark what I'm actually paying back, what I'm

0:46:45.960 --> 0:46:48.879
<v Speaker 5>actually paying for the product. So whatever I'm investing, I'm.

0:46:48.760 --> 0:46:50.840
<v Speaker 2>Trying at least if I buy a candy bar for

0:46:50.880 --> 0:46:52.319
<v Speaker 2>a dollar, I need to I need to charge three

0:46:52.360 --> 0:46:55.240
<v Speaker 2>dollars in machine. Just using that as like an example,

0:46:55.960 --> 0:46:57.759
<v Speaker 2>obviously not going to trye three dollars for candy bar,

0:46:57.800 --> 0:46:58.520
<v Speaker 2>but saying.

0:46:58.320 --> 0:46:58.759
<v Speaker 3>They did that.

0:46:59.160 --> 0:47:02.319
<v Speaker 4>At my job, I went to the vendor machine and

0:47:02.400 --> 0:47:04.680
<v Speaker 4>the sixty five cent bag of chips is now five dollars?

0:47:05.560 --> 0:47:08.000
<v Speaker 5>Is it really five dollars? The picture?

0:47:08.080 --> 0:47:08.960
<v Speaker 3>I was like, no, this is a joke.

0:47:09.239 --> 0:47:09.719
<v Speaker 2>Impossible.

0:47:09.719 --> 0:47:13.320
<v Speaker 4>I'm gonna say the picture it was ridiculous. I'm like, wait, impossible,

0:47:13.520 --> 0:47:16.000
<v Speaker 4>I've seen the picture. No, Joe, I'm like, this is ridiculous.

0:47:16.000 --> 0:47:19.879
<v Speaker 5>What kind of chips are south No sound ships? How

0:47:19.920 --> 0:47:20.799
<v Speaker 5>big is the bag of chip?

0:47:21.560 --> 0:47:22.759
<v Speaker 3>It's like the.

0:47:22.760 --> 0:47:25.360
<v Speaker 5>Normal sixty five cent No, it's impossible. It's like the

0:47:25.440 --> 0:47:27.719
<v Speaker 5>two ounce bag. It's like one point seven.

0:47:27.840 --> 0:47:28.759
<v Speaker 3>I was sending out the picture.

0:47:29.040 --> 0:47:32.200
<v Speaker 5>It's impossible, ridiculous, that's crazy. But they do, you know,

0:47:32.239 --> 0:47:34.160
<v Speaker 5>people do do that. I mean now I've never seen

0:47:35.760 --> 0:47:40.360
<v Speaker 5>It's like the airport. The airport or like the hotels,

0:47:40.400 --> 0:47:41.600
<v Speaker 5>you could really charge.

0:47:41.280 --> 0:47:45.040
<v Speaker 2>More foreh vendom machines and the airport. That's that's where

0:47:45.040 --> 0:47:48.120
<v Speaker 2>you make money. Airport prices is just ridiculous just because.

0:47:49.480 --> 0:47:52.520
<v Speaker 4>Because now they got the vending machines that show electronics.

0:47:53.280 --> 0:47:55.359
<v Speaker 5>So that's that's another thing I wanted to touch on too,

0:47:55.520 --> 0:47:58.040
<v Speaker 5>is like you could think outside the box and get creative.

0:47:58.160 --> 0:48:02.359
<v Speaker 5>You could sell anything out of the machine. You so electronics. Uh,

0:48:02.880 --> 0:48:05.680
<v Speaker 5>somebody I found online was selling knickknacks out of the

0:48:05.560 --> 0:48:07.319
<v Speaker 5>in the in the airport and she was making eight

0:48:07.400 --> 0:48:08.239
<v Speaker 5>thousand dollars a year.

0:48:08.400 --> 0:48:10.000
<v Speaker 2>What what what's a knickknack?

0:48:10.520 --> 0:48:13.080
<v Speaker 5>So like the stuff that you know you might get

0:48:13.080 --> 0:48:15.040
<v Speaker 5>while you're in that city or whatever. Like there was

0:48:15.360 --> 0:48:16.080
<v Speaker 5>those little.

0:48:15.800 --> 0:48:18.880
<v Speaker 2>Whatever like a little trunkeets and like little Welcome to

0:48:19.000 --> 0:48:21.239
<v Speaker 2>l A I Love New York charms.

0:48:20.920 --> 0:48:22.520
<v Speaker 5>And stuff like that. And she had like balled up

0:48:22.560 --> 0:48:25.239
<v Speaker 5>T shirts in there, like you know, making making good

0:48:25.280 --> 0:48:26.840
<v Speaker 5>money like just taking outside the box.

0:48:27.680 --> 0:48:31.960
<v Speaker 4>I also see no one but you put trying to

0:48:31.960 --> 0:48:32.720
<v Speaker 4>do it every time.

0:48:32.640 --> 0:48:34.080
<v Speaker 5>Right Like, So it's just a lot of different things

0:48:34.120 --> 0:48:35.399
<v Speaker 5>you could you could put in there if you could

0:48:35.440 --> 0:48:36.680
<v Speaker 5>really like get creative with it.

0:48:36.680 --> 0:48:37.759
<v Speaker 3>What's the craziest one you've seen?

0:48:40.280 --> 0:48:41.160
<v Speaker 5>Craziest one?

0:48:42.239 --> 0:48:43.839
<v Speaker 2>Do you have one on your page when you buy

0:48:43.880 --> 0:48:46.120
<v Speaker 2>and they have gold bars? Yeah.

0:48:46.200 --> 0:48:48.160
<v Speaker 5>I never seen that one though, but yeah I've seen.

0:48:48.840 --> 0:48:54.080
<v Speaker 2>Yeah, yeah, you can buy god bars or pieces of gold.

0:48:54.440 --> 0:48:55.680
<v Speaker 4>I don't know why you want to buy it, but

0:48:55.760 --> 0:48:58.800
<v Speaker 4>you know that's just let's go to the vand machine

0:48:58.800 --> 0:48:59.279
<v Speaker 4>and gets some gold.

0:48:59.360 --> 0:49:00.719
<v Speaker 5>Yeah. Yeah, but you know it's a lot. That's a

0:49:00.719 --> 0:49:01.719
<v Speaker 5>lot of crazy ones out there.

0:49:01.800 --> 0:49:01.920
<v Speaker 6>Man.

0:49:01.920 --> 0:49:04.760
<v Speaker 5>I've seen some where you selling water. I've seen pizza.

0:49:05.239 --> 0:49:05.920
<v Speaker 5>It's a piece of that.

0:49:06.239 --> 0:49:07.959
<v Speaker 4>There was there was an article about that they're putting

0:49:07.960 --> 0:49:10.040
<v Speaker 4>that on college campuses where it makes the pizza in

0:49:10.080 --> 0:49:11.239
<v Speaker 4>like ninety seconds or something.

0:49:11.600 --> 0:49:15.800
<v Speaker 5>They had a Plan D machine on college campus, college campus,

0:49:17.680 --> 0:49:18.879
<v Speaker 5>and it's actually not.

0:49:18.800 --> 0:49:24.399
<v Speaker 2>For well, that's actually honestly, honestly contraception machine. No, that's

0:49:24.400 --> 0:49:27.000
<v Speaker 2>not a bad idea. Now that's the contraception machines is

0:49:27.040 --> 0:49:28.000
<v Speaker 2>not a bad idea. You have condoms.

0:49:28.040 --> 0:49:29.840
<v Speaker 4>They used to put them in the bathroom. Remember you

0:49:30.040 --> 0:49:32.520
<v Speaker 4>used to put a quarter and then you don't remember.

0:49:33.080 --> 0:49:34.200
<v Speaker 5>No, I haven't seen it.

0:49:34.200 --> 0:49:35.800
<v Speaker 3>It's a little slu like you put a quarter and

0:49:35.880 --> 0:49:38.640
<v Speaker 3>get a contraception that wow?

0:49:39.239 --> 0:49:42.000
<v Speaker 2>Is that is that even legal? Tame point? All right?

0:49:42.960 --> 0:49:44.920
<v Speaker 5>I know I know they got them out there like

0:49:44.960 --> 0:49:47.399
<v Speaker 5>the like here weave and.

0:49:48.040 --> 0:49:51.160
<v Speaker 2>So you know what what about medical marijuana marijuana period

0:49:51.239 --> 0:49:51.879
<v Speaker 2>that too, They.

0:49:51.760 --> 0:49:54.200
<v Speaker 5>Got those out in California, they got the America. So

0:49:54.239 --> 0:49:57.520
<v Speaker 5>I'm not exactly sure how those operate because you know

0:49:57.600 --> 0:49:59.880
<v Speaker 5>that's that's regulated. So you need I d and what

0:50:00.160 --> 0:50:05.040
<v Speaker 5>note security that machine? Probably yeah, that's a little different,

0:50:05.080 --> 0:50:06.520
<v Speaker 5>but they do have dudes out there.

0:50:06.560 --> 0:50:10.799
<v Speaker 4>What about vandalism, like somebody destroys your machine? How does

0:50:10.800 --> 0:50:11.840
<v Speaker 4>that you have insurance on it?

0:50:12.000 --> 0:50:12.200
<v Speaker 3>Yeah?

0:50:12.239 --> 0:50:16.160
<v Speaker 5>I haven't. I had to happen before once. But yeah,

0:50:16.160 --> 0:50:18.480
<v Speaker 5>so basically, if somebody destroys it messes up you just

0:50:18.840 --> 0:50:20.279
<v Speaker 5>if you got insurance on it, then you cover.

0:50:20.800 --> 0:50:24.600
<v Speaker 4>If not, you know, you can go through any insurance company.

0:50:24.600 --> 0:50:26.879
<v Speaker 4>Got closed State Farm and literally.

0:50:27.320 --> 0:50:29.760
<v Speaker 5>I'm not sure if it's any I know State Farm

0:50:30.280 --> 0:50:33.480
<v Speaker 5>is one, but it's just regular regular insurance companies covered.

0:50:33.719 --> 0:50:35.560
<v Speaker 5>Is it pricey? No, it's not pricey at all.

0:50:35.600 --> 0:50:37.640
<v Speaker 2>It's not all you would recommend always having that, I

0:50:37.680 --> 0:50:38.160
<v Speaker 2>would recommd.

0:50:38.160 --> 0:50:40.359
<v Speaker 5>I would definitely recommend having insurance. But the thing is

0:50:40.400 --> 0:50:42.560
<v Speaker 5>when you actually go through the process, but picking out

0:50:42.560 --> 0:50:45.520
<v Speaker 5>a good location. If you're meeting the criteria, it's hard

0:50:45.560 --> 0:50:48.240
<v Speaker 5>to do vandalism because if the machine is somewhere open

0:50:48.880 --> 0:50:50.880
<v Speaker 5>and somewhere is you know, it's if it's in that

0:50:50.920 --> 0:50:52.840
<v Speaker 5>and if a place is always you know, has long hours,

0:50:52.880 --> 0:50:55.319
<v Speaker 5>most of somebody have security, and mostly nine times out

0:50:55.360 --> 0:50:56.960
<v Speaker 5>of ten that's that be in the machine is somewhere

0:50:56.960 --> 0:50:59.000
<v Speaker 5>near that security, like wherever it's sitting at in the

0:50:59.040 --> 0:51:01.680
<v Speaker 5>lobby something like, it's always gonna be somewhere where people

0:51:01.719 --> 0:51:03.440
<v Speaker 5>where people see it, and like it's always if it's

0:51:03.440 --> 0:51:05.440
<v Speaker 5>foot traffic, it's going to be. If it's good foot traffic,

0:51:05.440 --> 0:51:07.399
<v Speaker 5>then people are always going to be around. So it's hard

0:51:07.440 --> 0:51:10.320
<v Speaker 5>to vanalyze yah, you know machines.

0:51:10.080 --> 0:51:13.319
<v Speaker 2>Or with cameras like a school or community center.

0:51:13.800 --> 0:51:16.400
<v Speaker 5>Mins minds happened more so when I had it in

0:51:16.480 --> 0:51:20.600
<v Speaker 5>that hotel. We were talking when it shut down. It

0:51:20.680 --> 0:51:22.640
<v Speaker 5>was like when I went back there, it was.

0:51:22.600 --> 0:51:24.920
<v Speaker 2>Over what's the what's the life span of a machine?

0:51:26.239 --> 0:51:28.520
<v Speaker 5>That's a great question. I mean, I have some machines

0:51:28.520 --> 0:51:31.359
<v Speaker 5>I haven't had any issues with like since I had

0:51:31.800 --> 0:51:34.080
<v Speaker 5>and some of them you get it's just like problems.

0:51:34.120 --> 0:51:36.600
<v Speaker 5>I had one machine in particular. That's it's always giving

0:51:36.600 --> 0:51:38.759
<v Speaker 5>me a problem. I actually switched it out recently. What

0:51:38.800 --> 0:51:39.440
<v Speaker 5>type of problems?

0:51:39.480 --> 0:51:42.400
<v Speaker 4>Like the mechanical doesn't dispense the merchandise?

0:51:42.719 --> 0:51:44.560
<v Speaker 5>No, So if then the machine really is only about

0:51:45.480 --> 0:51:48.800
<v Speaker 5>it's about three parts. You got your your bill accepting

0:51:48.800 --> 0:51:50.359
<v Speaker 5>a lot of people think like, oh, what about that's

0:51:50.440 --> 0:51:51.839
<v Speaker 5>that's one of the questions. I get a lot too.

0:51:51.920 --> 0:51:54.399
<v Speaker 5>What about the cost of maintenance. I don't really maint

0:51:54.520 --> 0:51:56.319
<v Speaker 5>the cost of maintenance isn't high at all, Like it's

0:51:56.320 --> 0:51:59.400
<v Speaker 5>really like it's rare that something goes wrong with those machines.

0:51:59.440 --> 0:52:03.600
<v Speaker 5>But you got your bill acceptor your coin mechanism, which

0:52:03.600 --> 0:52:05.319
<v Speaker 5>is where you put the coins in, and then you

0:52:05.360 --> 0:52:08.719
<v Speaker 5>have your your board. So your board is like the

0:52:08.760 --> 0:52:12.040
<v Speaker 5>thing everything is connected to the press east for no.

0:52:12.200 --> 0:52:15.080
<v Speaker 5>But yeah, basically but that that runs to a little

0:52:15.080 --> 0:52:17.560
<v Speaker 5>board that's inside of the machine, right, And those are

0:52:17.719 --> 0:52:20.000
<v Speaker 5>the main three parts that the coils and stuff don't

0:52:20.040 --> 0:52:22.279
<v Speaker 5>really that those around by little motors, but those don't

0:52:22.280 --> 0:52:25.719
<v Speaker 5>really go bad. Those are typically okay with the with

0:52:25.800 --> 0:52:28.600
<v Speaker 5>the the thing that gets the most used is the

0:52:28.600 --> 0:52:30.880
<v Speaker 5>bill accepted. People are always putting the bills in there

0:52:30.920 --> 0:52:35.840
<v Speaker 5>or whatever. I probably switched that out probably every like

0:52:36.000 --> 0:52:37.960
<v Speaker 5>maybe like two years or something. But if you're, if

0:52:37.960 --> 0:52:39.640
<v Speaker 5>you're taking care of the right way, you won't have

0:52:39.680 --> 0:52:42.200
<v Speaker 5>to do that. I'm bad at that part, but you

0:52:42.239 --> 0:52:44.960
<v Speaker 5>know you could have. You could order a thing off Amazon.

0:52:45.360 --> 0:52:48.320
<v Speaker 5>It's like a little sticky it looks like a sticky card.

0:52:48.520 --> 0:52:50.520
<v Speaker 5>You put it in there and then pull it out

0:52:50.520 --> 0:52:52.359
<v Speaker 5>and it pulls all the dirt and stuff out of

0:52:52.400 --> 0:52:55.600
<v Speaker 5>the the bill acceptor, which helps it keeps it clean

0:52:55.920 --> 0:52:58.200
<v Speaker 5>because what's in there is it's a reader. So once

0:52:58.200 --> 0:53:01.960
<v Speaker 5>that reader gets to like dirty, are too, like you know,

0:53:02.120 --> 0:53:03.920
<v Speaker 5>beat up, it doesn't work anymore.

0:53:04.239 --> 0:53:05.960
<v Speaker 2>So how do you all? Right? So the money you

0:53:06.000 --> 0:53:07.840
<v Speaker 2>collect just you know you're going in. But like the

0:53:07.880 --> 0:53:11.120
<v Speaker 2>credit card, how that gets goes in that process and

0:53:11.200 --> 0:53:13.279
<v Speaker 2>that goes like directly to like a PayPal.

0:53:13.000 --> 0:53:15.400
<v Speaker 5>Account, it goes directly to the bank account. The bank

0:53:15.440 --> 0:53:18.839
<v Speaker 5>account every time somebody uses right in, but it goes

0:53:18.880 --> 0:53:22.680
<v Speaker 5>it doesn't go right in, it goes to that that service.

0:53:22.760 --> 0:53:25.520
<v Speaker 5>It goes to that provider's account. Then they have a

0:53:25.520 --> 0:53:28.400
<v Speaker 5>payout similar to what you would use like what I

0:53:28.400 --> 0:53:32.239
<v Speaker 5>can shop. Yeah, like I choose the payout date and

0:53:32.280 --> 0:53:34.440
<v Speaker 5>then on those dates you get paid out for whatever

0:53:34.719 --> 0:53:36.040
<v Speaker 5>card read the self that you had.

0:53:36.360 --> 0:53:38.600
<v Speaker 3>What about the process of buying and selling routes.

0:53:38.640 --> 0:53:41.000
<v Speaker 4>I know sometimes you said that if there is a

0:53:41.040 --> 0:53:42.120
<v Speaker 4>slow time, you.

0:53:42.200 --> 0:53:44.360
<v Speaker 3>Might want to sell that machine or sell that route,

0:53:44.440 --> 0:53:45.480
<v Speaker 3>and talk about that a little bit.

0:53:45.960 --> 0:53:48.080
<v Speaker 5>Yeah, So I mean in the business, you know, obviously

0:53:48.120 --> 0:53:50.040
<v Speaker 5>the bulk, the bulk of your money is going to

0:53:50.120 --> 0:53:53.440
<v Speaker 5>come from you selling products out of your machine, but

0:53:53.480 --> 0:53:56.239
<v Speaker 5>it's also other ways to make money once you get going,

0:53:56.960 --> 0:53:59.279
<v Speaker 5>of which one of the best ways is, like you

0:53:59.360 --> 0:54:02.680
<v Speaker 5>just said, buying selling routes. So I might like, for

0:54:02.800 --> 0:54:04.719
<v Speaker 5>the perfect the perfect scenario or the best scenario I

0:54:04.719 --> 0:54:07.080
<v Speaker 5>had with buying buying a route and selling it was

0:54:08.000 --> 0:54:11.760
<v Speaker 5>I brought a route for thirty five hundred. Now, originally

0:54:11.760 --> 0:54:14.000
<v Speaker 5>the guy was trying to charge me like seven thousand

0:54:14.080 --> 0:54:16.080
<v Speaker 5>ford or something like that. I was like, no, I'm okay,

0:54:16.120 --> 0:54:18.800
<v Speaker 5>I'm not even really desperately, I'm not really looking for anything.

0:54:19.320 --> 0:54:21.600
<v Speaker 5>But you know, he couldn't sell it. So he came

0:54:21.640 --> 0:54:23.560
<v Speaker 5>back to me. He was like, you know, I still

0:54:23.560 --> 0:54:25.040
<v Speaker 5>got this route. I'll give it to you for thirty

0:54:25.080 --> 0:54:27.640
<v Speaker 5>five And I'm like, okay, So I'm looking at it.

0:54:27.640 --> 0:54:31.359
<v Speaker 5>It's six it's six Vendom machines and it's three locations.

0:54:31.560 --> 0:54:35.319
<v Speaker 5>So I'm like, man's that's that's like a giveaway. I'm like, okay,

0:54:35.320 --> 0:54:38.480
<v Speaker 5>I'll take it for thirty five. So I brought it.

0:54:38.760 --> 0:54:41.440
<v Speaker 5>I checked out the locations. Two of the locations I

0:54:41.480 --> 0:54:44.320
<v Speaker 5>didn't I didn't like, so I'm like, okay, this location

0:54:44.440 --> 0:54:47.000
<v Speaker 5>is bad, but it was good machines in there. The

0:54:47.040 --> 0:54:51.440
<v Speaker 5>other location was bad. One location was good. So what

0:54:51.480 --> 0:54:53.759
<v Speaker 5>I did was I kept a good location and I

0:54:53.800 --> 0:54:56.400
<v Speaker 5>sold the other two locations for thirty five a piece.

0:54:57.280 --> 0:55:00.640
<v Speaker 5>So I ended up making a profit of one thousand

0:55:01.080 --> 0:55:04.080
<v Speaker 5>off of that situation. So that's just another way to

0:55:04.080 --> 0:55:06.280
<v Speaker 5>make money on the back And so if you're into

0:55:06.320 --> 0:55:09.399
<v Speaker 5>buying routes, like you could just buy a route out

0:55:09.560 --> 0:55:12.040
<v Speaker 5>maybe set you could you could keep the machines, you know,

0:55:12.080 --> 0:55:14.200
<v Speaker 5>sell the machines, or you could just try to sell

0:55:14.200 --> 0:55:16.160
<v Speaker 5>the machine on location, which is easier to sell them

0:55:16.160 --> 0:55:18.319
<v Speaker 5>if they already placed like that that takes work off

0:55:18.360 --> 0:55:19.000
<v Speaker 5>of the next man.

0:55:19.280 --> 0:55:21.440
<v Speaker 2>Is any way to get a machine for free, like

0:55:21.719 --> 0:55:24.640
<v Speaker 2>financing or pay it back on the back end through

0:55:24.880 --> 0:55:27.200
<v Speaker 2>money that you make and future or no.

0:55:28.000 --> 0:55:32.319
<v Speaker 5>It's a great question. So you can rent machines from

0:55:32.440 --> 0:55:34.640
<v Speaker 5>the same type of people that I talked about before,

0:55:34.719 --> 0:55:37.040
<v Speaker 5>as far as like with the if you're going through

0:55:37.080 --> 0:55:39.160
<v Speaker 5>a vending warehouse, they do allow you to rint machines.

0:55:39.200 --> 0:55:41.520
<v Speaker 5>Sometimes if you look online you can find some people

0:55:41.520 --> 0:55:43.960
<v Speaker 5>that rent machines as well. I don't really suggest doing

0:55:43.960 --> 0:55:47.040
<v Speaker 5>it because it gives you like an overhead, you know, well,

0:55:47.080 --> 0:55:48.880
<v Speaker 5>you know, if that's your way in, and that's your

0:55:48.880 --> 0:55:50.960
<v Speaker 5>way you you know what I'm saying. But you can

0:55:51.080 --> 0:55:55.640
<v Speaker 5>also once once you get to a certain point in

0:55:55.680 --> 0:55:58.880
<v Speaker 5>the business, like like I mentioned before with with Coca

0:55:58.920 --> 0:56:00.680
<v Speaker 5>Cola and Pepsi with one of the one of the

0:56:00.680 --> 0:56:02.839
<v Speaker 5>programs that they have is once you buy a certain

0:56:02.840 --> 0:56:05.680
<v Speaker 5>amount of their product, they give you machines, but it

0:56:05.680 --> 0:56:06.760
<v Speaker 5>has to be on contract.

0:56:07.239 --> 0:56:09.640
<v Speaker 2>Can you say, like buy their products, like you're putting

0:56:09.680 --> 0:56:11.920
<v Speaker 2>their sodas in your machine. So they got about like

0:56:12.000 --> 0:56:13.480
<v Speaker 2>ten thousand dollars worth of cope.

0:56:14.120 --> 0:56:16.520
<v Speaker 5>It's not ten thousand dollars, but it's like it's definitely

0:56:16.960 --> 0:56:18.799
<v Speaker 5>a good amount and you have to buy. You have

0:56:18.840 --> 0:56:21.759
<v Speaker 5>to you're committed to buying that amount at least a

0:56:21.920 --> 0:56:25.160
<v Speaker 5>minimum every month. But they'll give you the vendom machine

0:56:25.160 --> 0:56:27.799
<v Speaker 5>for free because obviously it's helping them. It's helping you

0:56:27.840 --> 0:56:30.080
<v Speaker 5>move that product, you know. But that's the way to

0:56:30.120 --> 0:56:31.800
<v Speaker 5>get for your venom machines too, But that's not you

0:56:31.840 --> 0:56:35.120
<v Speaker 5>probably won't do that until, like you know later about.

0:56:34.640 --> 0:56:37.840
<v Speaker 4>The contracts, what are the typical lanes of the contract?

0:56:37.880 --> 0:56:40.239
<v Speaker 4>Is it like six months of the year, about two years?

0:56:40.280 --> 0:56:43.000
<v Speaker 4>I do two years two year contract, Yeah, two year increments.

0:56:43.080 --> 0:56:45.960
<v Speaker 2>So all right, Well there was a lot of information

0:56:46.600 --> 0:56:48.839
<v Speaker 2>for sure. So in the next second, we're gonna bring

0:56:48.880 --> 0:56:51.919
<v Speaker 2>you home, all right, So we're gonna close it out.

0:56:51.920 --> 0:56:54.839
<v Speaker 2>But before I got I got a few questions. So

0:56:54.920 --> 0:56:58.000
<v Speaker 2>all right, especially in schools with kids and stuff like that,

0:56:58.719 --> 0:57:01.920
<v Speaker 2>what's your thoughts on childhood? PCD is a big thing,

0:57:04.320 --> 0:57:08.400
<v Speaker 2>So what's your thoughts on like junk food? Because you

0:57:08.400 --> 0:57:11.120
<v Speaker 2>can have healthy stuff in there as well, obviously not

0:57:11.160 --> 0:57:14.120
<v Speaker 2>as popular. Do you ever think about that.

0:57:14.120 --> 0:57:16.560
<v Speaker 5>Or Yeah, that's something that actually comes up a lot

0:57:16.560 --> 0:57:18.880
<v Speaker 5>of times in the meetings when I'm talking to like

0:57:18.920 --> 0:57:23.080
<v Speaker 5>the potential locations. So they they you know, they always

0:57:23.120 --> 0:57:25.840
<v Speaker 5>want the healthy selections, which I'm big with healthy selections anyway.

0:57:26.280 --> 0:57:28.920
<v Speaker 5>Definitely want to get people a choice. So I like

0:57:28.960 --> 0:57:34.120
<v Speaker 5>to put half traditional and then I put half healthy.

0:57:34.360 --> 0:57:39.160
<v Speaker 5>I tried the whole health thing and go that well,

0:57:39.200 --> 0:57:41.520
<v Speaker 5>so I definitely do. I do, like like some of

0:57:41.520 --> 0:57:43.680
<v Speaker 5>my most of the time of vendomous thing will have

0:57:43.760 --> 0:57:47.040
<v Speaker 5>multiple roles of like two roadster chips, two roaster snacks,

0:57:47.120 --> 0:57:49.360
<v Speaker 5>and then you have the candy roll whatever. So on

0:57:49.360 --> 0:57:52.919
<v Speaker 5>my top one, I'll make half of that like big

0:57:53.240 --> 0:57:54.400
<v Speaker 5>or something like you.

0:57:54.400 --> 0:57:56.120
<v Speaker 2>Know, like a power bar something like that.

0:57:56.160 --> 0:57:58.959
<v Speaker 5>Not not not for the chips, but like like something big,

0:57:59.480 --> 0:58:01.840
<v Speaker 5>like I'll let you and then once we get to

0:58:01.880 --> 0:58:05.040
<v Speaker 5>like the snack when the candy road I'll just make

0:58:05.080 --> 0:58:08.800
<v Speaker 5>sure it's like some healthy stuff like trail mix or

0:58:09.680 --> 0:58:11.600
<v Speaker 5>like a power bar. So it's just something something that's

0:58:11.680 --> 0:58:14.800
<v Speaker 5>you know, it'd be good for something somebody grab quick

0:58:14.840 --> 0:58:15.880
<v Speaker 5>that's still healthy for you.

0:58:16.000 --> 0:58:18.120
<v Speaker 4>And depending on where you're at right like that, you

0:58:18.680 --> 0:58:20.320
<v Speaker 4>have to take that into account as far as inventory,

0:58:20.360 --> 0:58:23.200
<v Speaker 4>because like you said, Philly, I got a sugar tacks, right,

0:58:23.280 --> 0:58:25.200
<v Speaker 4>so when buying stuff, you got to take that into accounts.

0:58:25.480 --> 0:58:27.880
<v Speaker 5>And we also have also have an old people's home,

0:58:28.080 --> 0:58:30.080
<v Speaker 5>so you know in there, I can't put a lot

0:58:30.080 --> 0:58:32.120
<v Speaker 5>of sugar stuff. So it really just depends on where

0:58:32.120 --> 0:58:34.320
<v Speaker 5>you're putting that machine at. But it definitely. It definitely

0:58:34.320 --> 0:58:37.160
<v Speaker 5>always comes up in the conversation when you're placing a

0:58:37.200 --> 0:58:40.880
<v Speaker 5>machine is having healthy selections. Everybody, everybody wants healthy selections.

0:58:40.880 --> 0:58:42.840
<v Speaker 5>And I think that's more so a big wave.

0:58:42.960 --> 0:58:44.360
<v Speaker 2>Now, yeah, in.

0:58:44.320 --> 0:58:46.720
<v Speaker 5>The direction that we're doing as a as a you know,

0:58:47.000 --> 0:58:49.960
<v Speaker 5>country as a country is getting more healthy stuff out there.

0:58:50.040 --> 0:58:53.200
<v Speaker 4>So you know, yeah, you are the food source for

0:58:53.200 --> 0:58:55.240
<v Speaker 4>a lot of us, Like we don't have a lot

0:58:55.280 --> 0:58:56.560
<v Speaker 4>of us don't have time to go out for lunch.

0:58:56.600 --> 0:58:58.120
<v Speaker 5>It's like, let me just add something quick, right, and

0:58:58.160 --> 0:58:59.720
<v Speaker 5>you want to make sure they get out the choice

0:58:59.720 --> 0:59:02.040
<v Speaker 5>to get something healthy versus having to get something you

0:59:02.080 --> 0:59:03.080
<v Speaker 5>know it's not good for you.

0:59:03.280 --> 0:59:06.480
<v Speaker 2>So like ramen, noodles and stuff like that. I've seen

0:59:06.520 --> 0:59:11.400
<v Speaker 2>that in there there. So like what's the what's what's

0:59:11.440 --> 0:59:14.320
<v Speaker 2>your sweet spot? Like you said, you don't like perishable

0:59:14.360 --> 0:59:20.640
<v Speaker 2>goods for obvious reasons because they expire. Just can't they expire?

0:59:21.040 --> 0:59:23.000
<v Speaker 5>Yes, it has an expersion. It's a long one though,

0:59:23.400 --> 0:59:25.120
<v Speaker 5>like a long like a long time all right, it

0:59:25.120 --> 0:59:27.800
<v Speaker 5>takes a while, but really it depends on the conditions

0:59:27.840 --> 0:59:30.040
<v Speaker 5>like your temperature and all that. So you in the summertime,

0:59:31.000 --> 0:59:33.120
<v Speaker 5>snickers bar in the sun, ain't gonna last too long

0:59:33.160 --> 0:59:35.600
<v Speaker 5>because it once it once, it resets most of the

0:59:35.640 --> 0:59:37.880
<v Speaker 5>time when it resets into being like the regular form,

0:59:38.120 --> 0:59:41.520
<v Speaker 5>so it's like like not really molded, but it's just

0:59:41.680 --> 0:59:43.960
<v Speaker 5>like this colored and it doesn't look at peeling for

0:59:44.000 --> 0:59:45.240
<v Speaker 5>people to eat. They're not gonna eat it.

0:59:45.280 --> 0:59:48.000
<v Speaker 2>So you try to have your but it's always inside though, right,

0:59:48.320 --> 0:59:49.000
<v Speaker 2>like air condition.

0:59:50.360 --> 0:59:53.080
<v Speaker 5>But I'm also talking about like storage, so you.

0:59:53.200 --> 0:59:56.479
<v Speaker 2>Say, too, I never thought about that. You got a story.

0:59:56.720 --> 0:59:58.560
<v Speaker 2>Do you store or do you just do you just

0:59:58.600 --> 1:00:02.240
<v Speaker 2>buy it as you go? I stored, but.

1:00:02.240 --> 1:00:04.440
<v Speaker 5>When I first started, I was just buyding as I go,

1:00:04.640 --> 1:00:05.120
<v Speaker 5>So your.

1:00:05.360 --> 1:00:08.040
<v Speaker 3>Your liver was full of boxes, you know.

1:00:08.200 --> 1:00:10.280
<v Speaker 5>So I got a Halloween I gotta spot my crib

1:00:10.360 --> 1:00:13.080
<v Speaker 5>wild like something similarly like this area here, but like

1:00:13.080 --> 1:00:15.480
<v Speaker 5>a little smaller. That whole area was filled with snatch.

1:00:16.040 --> 1:00:17.640
<v Speaker 5>But you know, if you buy it that you go,

1:00:17.720 --> 1:00:20.280
<v Speaker 5>it's a little easier. But once you get it down

1:00:20.280 --> 1:00:22.200
<v Speaker 5>to a science. So the thing about buying that you

1:00:22.200 --> 1:00:24.560
<v Speaker 5>go with you gotta take trips to the store every week, like,

1:00:24.640 --> 1:00:27.000
<v Speaker 5>so you really want to figure out how much you need,

1:00:27.080 --> 1:00:29.280
<v Speaker 5>so you could just buy your month's worth and then

1:00:29.400 --> 1:00:30.840
<v Speaker 5>have it just sitting over there in the corner. So

1:00:30.920 --> 1:00:32.280
<v Speaker 5>all you gotta do is grab the stuff and go

1:00:32.320 --> 1:00:35.400
<v Speaker 5>fill up the machine versus multip making multiple trips.

1:00:36.120 --> 1:00:38.040
<v Speaker 4>So a full time day is like, all right, I'm

1:00:38.040 --> 1:00:41.520
<v Speaker 4>gonna schedule. I'm gonna go to this location to refill

1:00:41.600 --> 1:00:42.520
<v Speaker 4>this location refill.

1:00:43.160 --> 1:00:43.360
<v Speaker 2>Yeah.

1:00:43.480 --> 1:00:45.160
<v Speaker 5>So it's like, all right, so I do my day

1:00:45.200 --> 1:00:48.600
<v Speaker 5>before our prep fill up all full up, all my

1:00:48.600 --> 1:00:50.560
<v Speaker 5>my bens. I have bens that I carry the products

1:00:50.560 --> 1:00:53.960
<v Speaker 5>in full up, all my bens. Pick the spots. I'm

1:00:54.000 --> 1:00:57.040
<v Speaker 5>going to just knock the spots down one about one,

1:00:57.200 --> 1:00:59.520
<v Speaker 5>but I do. I'll pack everything the night before.

1:00:59.760 --> 1:01:02.080
<v Speaker 3>That's it's a one man show youself. Yeah.

1:01:03.240 --> 1:01:06.439
<v Speaker 2>Wow, So I saw you saying like, as far as

1:01:06.480 --> 1:01:09.480
<v Speaker 2>the the numbers on it, so it's like, I think

1:01:09.480 --> 1:01:14.200
<v Speaker 2>it's like under six locations is well under six machines.

1:01:14.280 --> 1:01:16.720
<v Speaker 5>Let me see it's run down something like passive.

1:01:16.480 --> 1:01:19.240
<v Speaker 2>Passive and dan, Yeah, can you explain that? Like the

1:01:19.320 --> 1:01:19.960
<v Speaker 2>numbers so it.

1:01:20.000 --> 1:01:22.720
<v Speaker 5>Really now, honestly, it depends on your location obviously, but

1:01:22.760 --> 1:01:26.000
<v Speaker 5>we're talking about this standard average, Like if you have

1:01:26.080 --> 1:01:28.600
<v Speaker 5>around six machines, that's kind of still passive, Like that's

1:01:28.600 --> 1:01:30.600
<v Speaker 5>not gonna take up too much of your time. And

1:01:31.480 --> 1:01:33.520
<v Speaker 5>you know, you can still get whatever done. Once you

1:01:33.560 --> 1:01:37.840
<v Speaker 5>get to like around like ten machines, you more so

1:01:38.120 --> 1:01:40.240
<v Speaker 5>like on like a part time type of thing, like

1:01:40.280 --> 1:01:41.920
<v Speaker 5>if you was working part time, because it's going to

1:01:41.960 --> 1:01:43.480
<v Speaker 5>take up a little more time as far as you

1:01:43.600 --> 1:01:45.680
<v Speaker 5>keeping up with your products and you go into your

1:01:45.680 --> 1:01:48.760
<v Speaker 5>spots depending on how far your spots are. Once you

1:01:48.800 --> 1:01:53.240
<v Speaker 5>get past like fifteen, that's more like a you know,

1:01:53.320 --> 1:01:55.600
<v Speaker 5>once you get like fifteen twenty, it's like a real

1:01:55.640 --> 1:01:59.680
<v Speaker 5>business situation. Now you're now you're doing that full time,

1:01:59.720 --> 1:02:01.320
<v Speaker 5>like you're making you should be if you're doing it right,

1:02:01.320 --> 1:02:03.120
<v Speaker 5>you should be making good money. But that's going to

1:02:03.160 --> 1:02:03.920
<v Speaker 5>take up a lot of your time.

1:02:03.960 --> 1:02:05.760
<v Speaker 2>So if you have twenty, if you have twenty machines,

1:02:05.800 --> 1:02:10.720
<v Speaker 2>theoretically you should be making like fifteen thousand around that

1:02:10.920 --> 1:02:12.520
<v Speaker 2>at least at least twenty on the good.

1:02:12.440 --> 1:02:15.280
<v Speaker 5>End, at least fifteen at minimum. At minimum, you should

1:02:15.320 --> 1:02:16.920
<v Speaker 5>at least be doing like ten, even if you don't

1:02:16.960 --> 1:02:19.600
<v Speaker 5>have good locations, like you should least ten a months

1:02:19.920 --> 1:02:20.960
<v Speaker 5>right right now.

1:02:21.080 --> 1:02:22.920
<v Speaker 2>The thing about the Vendom machine thing is it's just

1:02:22.960 --> 1:02:26.240
<v Speaker 2>an interesting situation because it's one of these things where

1:02:26.640 --> 1:02:29.280
<v Speaker 2>I always say it's never about home runs. It's never

1:02:29.320 --> 1:02:32.320
<v Speaker 2>about home runs in life. It's about base hits. Like

1:02:32.360 --> 1:02:35.120
<v Speaker 2>if you play baseball, you gotta get base hits consistently.

1:02:35.600 --> 1:02:37.600
<v Speaker 2>And the Vendom machine thing is like a base hit.

1:02:37.880 --> 1:02:39.640
<v Speaker 2>Like even if you got you know, a couple going

1:02:39.720 --> 1:02:43.440
<v Speaker 2>and you're getting two thousand, like, that's that's two thousand,

1:02:43.840 --> 1:02:45.960
<v Speaker 2>you know what I'm saying, three thousand whatever. It's like,

1:02:46.080 --> 1:02:48.000
<v Speaker 2>Now that takes pressure off of you. That's a nice

1:02:48.760 --> 1:02:53.080
<v Speaker 2>passive stream of income. You build that up, you know,

1:02:53.160 --> 1:02:55.840
<v Speaker 2>however large you wanted to grow. But it's one of

1:02:55.880 --> 1:03:00.160
<v Speaker 2>these things that's extremely practical. Everybody has seen been the

1:03:00.200 --> 1:03:03.840
<v Speaker 2>machine or used it or used it. It's not rocket science,

1:03:04.840 --> 1:03:08.160
<v Speaker 2>and it's not really that difficult as far as to

1:03:08.240 --> 1:03:10.080
<v Speaker 2>understand that the general idea of hitting.

1:03:10.120 --> 1:03:12.400
<v Speaker 4>People think in their minds like, oh, somebody spent the dollars.

1:03:12.400 --> 1:03:14.120
<v Speaker 4>Somebody spent the dollars twenty five. It's not a lot

1:03:14.160 --> 1:03:15.720
<v Speaker 4>of money, but enough dollars make sense.

1:03:15.600 --> 1:03:16.840
<v Speaker 2>Now, you know, it's not even about that. A lot

1:03:16.880 --> 1:03:18.640
<v Speaker 2>of times we just mentally priced off, We just mentally

1:03:18.640 --> 1:03:21.040
<v Speaker 2>psyche ourselves out of everything. So it's like you see

1:03:21.040 --> 1:03:23.240
<v Speaker 2>a Vando machine every single day. How many people have

1:03:23.280 --> 1:03:26.000
<v Speaker 2>ever thought about owning a vendor machine. I've never thought

1:03:26.000 --> 1:03:28.960
<v Speaker 2>about it. You see it, why not somebody owns it?

1:03:29.160 --> 1:03:29.680
<v Speaker 3>Getting killed?

1:03:29.680 --> 1:03:31.360
<v Speaker 5>Every single somebody owns it?

1:03:31.440 --> 1:03:32.480
<v Speaker 2>Like you know what I'm saying, Like why not?

1:03:33.240 --> 1:03:34.840
<v Speaker 5>Yeah, And I think a lot of people shot away

1:03:34.840 --> 1:03:36.960
<v Speaker 5>from it too, Like even when they think about that idea,

1:03:37.080 --> 1:03:39.680
<v Speaker 5>it's like they're scared of like the maintenance that we think, Okay,

1:03:39.720 --> 1:03:42.200
<v Speaker 5>well I don't know how to fix it. But you know,

1:03:42.560 --> 1:03:45.080
<v Speaker 5>at the end of the day, you it's not it's

1:03:45.080 --> 1:03:47.200
<v Speaker 5>not too complicated. But for any business, you're going to

1:03:47.240 --> 1:03:48.760
<v Speaker 5>have hurt us where you have to figure stuff out.

1:03:48.960 --> 1:03:51.720
<v Speaker 5>It's no different than that. Like, so once you once

1:03:51.760 --> 1:03:53.480
<v Speaker 5>you get it going and you run into an issue,

1:03:53.800 --> 1:03:56.600
<v Speaker 5>of course you have to. I mean YouTube is your friend.

1:03:57.120 --> 1:03:59.120
<v Speaker 5>To find a solution on YouTube, if not find a

1:03:59.160 --> 1:04:01.400
<v Speaker 5>resource to call in and just watch what they do,

1:04:01.880 --> 1:04:03.520
<v Speaker 5>you know, and most of the time, you know, that's

1:04:03.520 --> 1:04:04.320
<v Speaker 5>that's how I how to.

1:04:04.280 --> 1:04:05.920
<v Speaker 2>Fix Yeah, they're like, I'm going to ask you that,

1:04:05.960 --> 1:04:08.240
<v Speaker 2>like do you fix yourself with do you hire like

1:04:08.320 --> 1:04:10.520
<v Speaker 2>mechanics that specialize invent the machine?

1:04:10.560 --> 1:04:12.160
<v Speaker 5>So for the most part, I fix on myself. The

1:04:12.160 --> 1:04:15.640
<v Speaker 5>only thing I really I can't fix is the refrigeration units.

1:04:15.800 --> 1:04:18.160
<v Speaker 5>It's called the compressors. So the compressors are a little

1:04:18.200 --> 1:04:20.080
<v Speaker 5>more complicated. I don't know how to fix those yet,

1:04:20.320 --> 1:04:23.160
<v Speaker 5>but like the builds sceptors and the coin mechanisms and

1:04:23.280 --> 1:04:25.280
<v Speaker 5>like that, that type of stuff. I can fix those

1:04:25.280 --> 1:04:28.439
<v Speaker 5>because it's like it's a common thing, and that's most

1:04:28.440 --> 1:04:29.840
<v Speaker 5>of the time. None times at the time, that's what

1:04:29.840 --> 1:04:31.920
<v Speaker 5>you're gonna be dealing with if something goes wrong. Most

1:04:31.960 --> 1:04:33.640
<v Speaker 5>of the time, it's just like a dollar got stuck,

1:04:34.120 --> 1:04:37.320
<v Speaker 5>or maybe your bill accepted one bad. It's just screw

1:04:37.320 --> 1:04:40.120
<v Speaker 5>it out, put a new one, and screw it back in,

1:04:40.240 --> 1:04:41.000
<v Speaker 5>like that type of thing.

1:04:41.400 --> 1:04:46.920
<v Speaker 2>What's the best what's the best item invented machine history?

1:04:47.600 --> 1:04:54.720
<v Speaker 5>Peanut minems for snacks, for drinks, pepsi and pepsi yourselves

1:04:54.800 --> 1:05:00.720
<v Speaker 5>like like nothing else whatever, whatever you say, everything else,

1:05:00.720 --> 1:05:03.520
<v Speaker 5>Pepsi is going to do. PEPs He sells more than coke,

1:05:03.760 --> 1:05:08.000
<v Speaker 5>Pepsi than anything. PEPs really everywhere everybody I know would

1:05:07.960 --> 1:05:12.280
<v Speaker 5>do more than water. Yeah, your largest profile you item

1:05:12.440 --> 1:05:15.280
<v Speaker 5>is water, though you make the most water for water. Yeah,

1:05:15.400 --> 1:05:18.320
<v Speaker 5>but pepsi sells like nothing else. Peanut eminem is so real.

1:05:18.360 --> 1:05:19.880
<v Speaker 2>Well to what's what's your favorite?

1:05:20.120 --> 1:05:23.400
<v Speaker 3>My favorite Skittles, Starburs and Peter mn ms.

1:05:24.320 --> 1:05:25.840
<v Speaker 2>You know, I don't even know if I even had

1:05:25.840 --> 1:05:26.440
<v Speaker 2>Peanut Eminem.

1:05:26.520 --> 1:05:28.640
<v Speaker 5>I don't like him personally. That's and that's what kind

1:05:28.640 --> 1:05:30.040
<v Speaker 5>of messed me up the first time. I was like,

1:05:30.280 --> 1:05:30.880
<v Speaker 5>these ain't good.

1:05:30.960 --> 1:05:33.600
<v Speaker 4>But when I was stalking, the combination of the pepsi

1:05:33.840 --> 1:05:36.760
<v Speaker 4>and the peanut M and M.

1:05:35.800 --> 1:05:39.920
<v Speaker 2>But but butter crunch, butter crunch cookie the machine though

1:05:40.000 --> 1:05:43.640
<v Speaker 2>it should be those are smack pay day Payday candy bars.

1:05:43.520 --> 1:05:46.680
<v Speaker 2>That's that's an and oil and vinegar chips.

1:05:46.760 --> 1:05:53.160
<v Speaker 3>That's another niche. That's the tip.

1:05:53.280 --> 1:05:56.160
<v Speaker 5>That's not a niche, oil because elite.

1:05:56.160 --> 1:05:57.120
<v Speaker 2>That's the laite. That's the lead.

1:05:58.520 --> 1:06:00.919
<v Speaker 3>Red bag of Doritos class that's gone.

1:06:00.960 --> 1:06:05.200
<v Speaker 4>Those are moving the black popcorn hip back that's another item.

1:06:06.080 --> 1:06:09.560
<v Speaker 5>The cooler ranch, playing cooler ranch, playing not really laced.

1:06:09.880 --> 1:06:12.040
<v Speaker 5>People like well and where I'm at, people like the

1:06:12.280 --> 1:06:17.160
<v Speaker 5>hers like playing herds. They love those playing ships.

1:06:17.200 --> 1:06:21.920
<v Speaker 3>Do Rito's pretzels also, depending where they at.

1:06:22.360 --> 1:06:27.800
<v Speaker 5>But the Doritos, the Eminem's Pepsi, that's selling no matter,

1:06:27.920 --> 1:06:30.120
<v Speaker 5>no matter I call those like staple items like those

1:06:30.160 --> 1:06:32.520
<v Speaker 5>items will be in the machine no matter which.

1:06:32.880 --> 1:06:35.120
<v Speaker 4>I see sometimes they don't put like the eminem's in

1:06:35.200 --> 1:06:37.440
<v Speaker 4>one row and then like put them at the.

1:06:37.320 --> 1:06:40.280
<v Speaker 5>Next row too, just because because they sell, Like because

1:06:40.320 --> 1:06:42.600
<v Speaker 5>if you don't do that, you're gonna run out, Like

1:06:42.640 --> 1:06:44.440
<v Speaker 5>so that that's gonna run out. It's like with pepsi

1:06:44.480 --> 1:06:46.040
<v Speaker 5>and most of the time you have two rows of

1:06:46.120 --> 1:06:49.120
<v Speaker 5>pepsi and just because just because it's gonna sell faster

1:06:49.160 --> 1:06:49.920
<v Speaker 5>than anything.

1:06:49.600 --> 1:06:51.560
<v Speaker 3>You have to come back once it sells out.

1:06:51.560 --> 1:06:53.440
<v Speaker 5>Right, you might even have to come back. It's just

1:06:53.480 --> 1:06:55.439
<v Speaker 5>going to sell out, and then you'll be you could

1:06:55.440 --> 1:06:57.040
<v Speaker 5>be losing out the money if that person only came

1:06:57.080 --> 1:06:59.560
<v Speaker 5>to that machine, they can get some pena eminems.

1:06:59.600 --> 1:07:02.200
<v Speaker 4>Ain't like want nothing type of thing. Are you moving

1:07:02.240 --> 1:07:04.800
<v Speaker 4>into other things to put in the venting machine? Like

1:07:04.960 --> 1:07:07.000
<v Speaker 4>it is there other items that you see in the future,

1:07:07.040 --> 1:07:08.840
<v Speaker 4>like you know what, I might want to go that route.

1:07:09.440 --> 1:07:11.600
<v Speaker 5>No, I like, I like keeping it traditional, but I

1:07:11.640 --> 1:07:13.439
<v Speaker 5>do see, you know, I'll see a lot of things.

1:07:13.480 --> 1:07:15.760
<v Speaker 5>You know, I'll see people coming up with that's real creative.

1:07:16.480 --> 1:07:19.080
<v Speaker 5>I'll see some celebrities coming out with different ideas. I

1:07:19.080 --> 1:07:21.640
<v Speaker 5>know Calie Jenner dis launched like a Vendom machine with

1:07:22.040 --> 1:07:25.520
<v Speaker 5>one of them had. Oh yeah, the other one had

1:07:25.560 --> 1:07:27.760
<v Speaker 5>like her makeup line, which I know is big.

1:07:27.920 --> 1:07:30.080
<v Speaker 2>That's not a bad idea either, make up little stuff

1:07:30.120 --> 1:07:32.640
<v Speaker 2>like that like chapstick and things like that where it's

1:07:32.640 --> 1:07:34.320
<v Speaker 2>like you on to run. It's not a bad idea.

1:07:34.360 --> 1:07:38.200
<v Speaker 2>But yeah, you're never gonna lose with beverages, especially beverages.

1:07:38.240 --> 1:07:42.080
<v Speaker 2>People always drink stuff candy. It's kind of like it's

1:07:42.240 --> 1:07:43.240
<v Speaker 2>like a no brainer.

1:07:43.400 --> 1:07:45.360
<v Speaker 3>And the words it might I'm addicted to candy.

1:07:45.600 --> 1:07:47.280
<v Speaker 5>Yeah, they always gonna be in business.

1:07:47.040 --> 1:07:50.520
<v Speaker 2>With the man Sheef. I appreciate you coming. Man. This

1:07:50.680 --> 1:07:55.360
<v Speaker 2>is a highly educational episode and I think people are

1:07:55.360 --> 1:07:57.160
<v Speaker 2>going to enjoy a lot of value from it. Man,

1:07:57.280 --> 1:08:00.720
<v Speaker 2>can you tell people how to contact you and any initiatives?

1:08:00.880 --> 1:08:02.520
<v Speaker 2>So you got you got education that you do as well?

1:08:02.560 --> 1:08:04.400
<v Speaker 2>Are you teach people about this? You talk about that?

1:08:04.880 --> 1:08:06.720
<v Speaker 5>So I do have a I have an e book

1:08:06.760 --> 1:08:08.920
<v Speaker 5>that I offer online for anybody that's just looking to

1:08:08.920 --> 1:08:11.000
<v Speaker 5>get basic information on how to start, you know, a

1:08:11.040 --> 1:08:13.680
<v Speaker 5>successful in the machine business and for people who are

1:08:13.680 --> 1:08:15.800
<v Speaker 5>looking to get started like right away. I created the

1:08:15.840 --> 1:08:20.479
<v Speaker 5>course Bailey mainly just walking them through a video course

1:08:20.560 --> 1:08:22.160
<v Speaker 5>you know you do at your own page, just walking

1:08:22.160 --> 1:08:24.880
<v Speaker 5>them through, uh, the stabs to get just to get

1:08:24.880 --> 1:08:30.320
<v Speaker 5>started as well, replicated yourself. Basically you put it on important.

1:08:29.920 --> 1:08:33.639
<v Speaker 2>To do, so that's how long is that course?

1:08:36.400 --> 1:08:39.880
<v Speaker 5>I mean it's at your own page thing. I would

1:08:39.880 --> 1:08:42.040
<v Speaker 5>assume it. It might take you somebody about a month to

1:08:42.080 --> 1:08:42.720
<v Speaker 5>get get through.

1:08:42.800 --> 1:08:45.200
<v Speaker 2>So that's a lot of information. So pretty much everything

1:08:45.200 --> 1:08:46.479
<v Speaker 2>that you need to know start.

1:08:46.800 --> 1:08:49.400
<v Speaker 5>Mainly, the most important thing is this your set up

1:08:49.640 --> 1:08:53.240
<v Speaker 5>getting started, and then the next important thing is the

1:08:53.280 --> 1:08:56.200
<v Speaker 5>location methods, so getting through that. You know, it's a

1:08:56.240 --> 1:08:57.840
<v Speaker 5>lot of different things to set up the way you

1:08:57.920 --> 1:08:59.360
<v Speaker 5>set up you want to. You can run ads ill

1:08:59.360 --> 1:09:02.400
<v Speaker 5>teach people how to and ads on Facebook, on Google,

1:09:02.920 --> 1:09:05.280
<v Speaker 5>setting up the website, that type of stuff like, so

1:09:05.640 --> 1:09:07.360
<v Speaker 5>that stuff takes a little more time to get through.

1:09:07.439 --> 1:09:10.559
<v Speaker 2>A little more events. Yeah, we're gonna post a link

1:09:10.600 --> 1:09:13.320
<v Speaker 2>to on our bio on YouTube and Apple, Spotify, whatever

1:09:13.360 --> 1:09:16.240
<v Speaker 2>you're listening, so if you're interested, you can check that

1:09:16.320 --> 1:09:21.200
<v Speaker 2>out in the description. But yeah, so can telling people

1:09:21.200 --> 1:09:24.360
<v Speaker 2>how to contact you. Social media handles and all that social.

1:09:24.040 --> 1:09:27.000
<v Speaker 5>Media handle is at you know, I'm sorry, is the

1:09:27.240 --> 1:09:32.680
<v Speaker 5>underscore vending underscore biz you know on Facebook is the

1:09:32.720 --> 1:09:35.240
<v Speaker 5>same exact thing. So that's my Instagram in Facebook.

1:09:35.360 --> 1:09:36.880
<v Speaker 2>Yeah, Troy Housekeeping eye on.

1:09:37.000 --> 1:09:39.000
<v Speaker 3>Yeah, shout to everybody on Patreon dot com.

1:09:39.080 --> 1:09:40.920
<v Speaker 4>Y'all know that's our proud to pay program we have

1:09:40.960 --> 1:09:44.880
<v Speaker 4>for examp Patreon, so obviously you know that the new

1:09:44.920 --> 1:09:47.840
<v Speaker 4>tears and shout out to everybody that has joined. We

1:09:47.880 --> 1:09:51.519
<v Speaker 4>have Nadia Aiming and Rustin. I hope I said that right.

1:09:51.800 --> 1:09:53.040
<v Speaker 4>It has R in front of it, so I just

1:09:53.040 --> 1:09:54.920
<v Speaker 4>pretended that it was Boston. So shout out to you

1:09:55.600 --> 1:09:59.280
<v Speaker 4>for joining at Tier four because now you have access

1:09:59.280 --> 1:10:02.720
<v Speaker 4>to Early Leader University, which is our online school, and

1:10:02.760 --> 1:10:06.240
<v Speaker 4>we have weekly webinars three times a week. Matt the MG,

1:10:06.320 --> 1:10:10.240
<v Speaker 4>the mortgage god brother does his webinar on real estate,

1:10:10.280 --> 1:10:13.360
<v Speaker 4>and Wednesday we have our guest webinar related to business

1:10:13.439 --> 1:10:15.759
<v Speaker 4>and then you know, Shotty in myself through our Thursday class,

1:10:16.040 --> 1:10:16.599
<v Speaker 4>which is fun.

1:10:16.640 --> 1:10:16.760
<v Speaker 1>Man.

1:10:16.760 --> 1:10:17.759
<v Speaker 5>We actually did a class.

1:10:18.960 --> 1:10:20.639
<v Speaker 3>I did a class with my wife last week.

1:10:20.760 --> 1:10:21.760
<v Speaker 2>Yeah, I heard about it.

1:10:21.840 --> 1:10:22.599
<v Speaker 3>Just pretty ill man.

1:10:22.680 --> 1:10:26.920
<v Speaker 4>She she's ill in the world of human resource.

1:10:26.920 --> 1:10:28.559
<v Speaker 5>So she did a leadership of course, which was dope.

1:10:29.000 --> 1:10:31.760
<v Speaker 4>And yeah, so everybody that's on Tier four or five

1:10:31.760 --> 1:10:35.000
<v Speaker 4>and Patreon, you have access to that, and everybody's been

1:10:35.040 --> 1:10:37.320
<v Speaker 4>supporting our merch too man shout out to y'all. I

1:10:37.360 --> 1:10:40.439
<v Speaker 4>obviously had the early university hoodie on shouty got our

1:10:40.439 --> 1:10:41.919
<v Speaker 4>trademark assets of a liability.

1:10:42.000 --> 1:10:44.080
<v Speaker 5>So everybody that's been supporting that, we appreciate you.

1:10:44.160 --> 1:10:46.080
<v Speaker 3>We love you and thank you for your support.

1:10:46.280 --> 1:10:50.120
<v Speaker 2>Yeah, and don't forget our YouTube channel. Subscribe, like comment

1:10:50.720 --> 1:10:54.160
<v Speaker 2>and we released content daily on YouTube. We break up

1:10:54.320 --> 1:10:57.360
<v Speaker 2>episodes in the micro content. So yeah, make sure you

1:10:57.439 --> 1:10:59.880
<v Speaker 2>check out our YouTube channel and subscribe to our apple

1:11:00.479 --> 1:11:04.439
<v Speaker 2>in Spotify's reviews right reviews. Yeah, like subscribe the whole

1:11:04.520 --> 1:11:08.280
<v Speaker 2>nine and uh yeah. Once again, we also will have

1:11:08.320 --> 1:11:11.360
<v Speaker 2>the link to the course if you want further information

1:11:11.479 --> 1:11:13.880
<v Speaker 2>on the vending machine business. I think I'm gonnaet involved in.

1:11:13.800 --> 1:11:14.400
<v Speaker 5>This every time.

1:11:14.400 --> 1:11:16.680
<v Speaker 2>I every time I every time I think, I'm like,

1:11:16.680 --> 1:11:18.800
<v Speaker 2>I'm about to get a truck on a mobile home

1:11:19.280 --> 1:11:21.040
<v Speaker 2>and I'm like, you know what, I want to get

1:11:21.080 --> 1:11:23.280
<v Speaker 2>some because this is probably the most practical thing that

1:11:23.320 --> 1:11:25.240
<v Speaker 2>I've heard so far. Like I think I can start

1:11:25.240 --> 1:11:26.120
<v Speaker 2>this like tomorrow.

1:11:26.520 --> 1:11:26.960
<v Speaker 3>It's great.

1:11:27.000 --> 1:11:29.120
<v Speaker 4>Like people think like when they hear it, They're like, oh,

1:11:29.120 --> 1:11:31.240
<v Speaker 4>I want to do that, Like Ed has always added things,

1:11:31.080 --> 1:11:32.960
<v Speaker 4>and I'm like, no, we're saying the same thing in

1:11:32.960 --> 1:11:33.799
<v Speaker 4>our heads, like, Yo.

1:11:33.920 --> 1:11:35.599
<v Speaker 5>We could do this, we should be doing it. Yeah,

1:11:35.720 --> 1:11:37.360
<v Speaker 5>so you're not the only one.

1:11:37.479 --> 1:11:39.760
<v Speaker 2>Definitely want to get a couple of vending machines, and

1:11:39.800 --> 1:11:41.000
<v Speaker 2>you got a rocker with me, come to the Philly.

1:11:41.000 --> 1:11:43.160
<v Speaker 2>We wanna come to Philly and we're going to do

1:11:43.479 --> 1:11:47.360
<v Speaker 2>a live podcast in the workshop. We got a lot

1:11:47.360 --> 1:11:49.439
<v Speaker 2>of Philly alumni. Yeah. So what we do is we're

1:11:49.439 --> 1:11:51.200
<v Speaker 2>going to tour right now, so we go to different cities.

1:11:51.200 --> 1:11:54.120
<v Speaker 2>We just left Atlanta. Shop to Atlanta was crazy, and

1:11:54.160 --> 1:12:00.600
<v Speaker 2>we're gonna hit like Chicago, Houston, New York, LA, and

1:12:00.720 --> 1:12:03.040
<v Speaker 2>definitely Philly. Philly is like one of our biggest markets.

1:12:03.080 --> 1:12:05.320
<v Speaker 2>So when we in town, if you in town, definitely

1:12:05.320 --> 1:12:06.240
<v Speaker 2>link up with us. For sure.

1:12:06.320 --> 1:12:07.960
<v Speaker 5>Definitely, definitely for sure.

1:12:08.920 --> 1:12:12.160
<v Speaker 2>Him and the book tip of this week is your

1:12:12.200 --> 1:12:16.320
<v Speaker 2>e book called the Vending This correct, So Waking eight.

1:12:16.600 --> 1:12:20.080
<v Speaker 5>Get that at So it's available at how to Start

1:12:20.080 --> 1:12:22.519
<v Speaker 5>a Vendor Business dot com and I have it available

1:12:22.960 --> 1:12:25.240
<v Speaker 5>in the link of the link of my bio on

1:12:25.280 --> 1:12:26.040
<v Speaker 5>my Instagram page.

1:12:26.080 --> 1:12:29.599
<v Speaker 2>Okay, yeah, so check it out and once again, thank

1:12:29.640 --> 1:12:31.920
<v Speaker 2>you guys for rocking with us. We'll see you next week. Peace.

1:12:32.040 --> 1:12:37.400
<v Speaker 7>Peace, an illegal alien from Guatemala charged with raping a

1:12:37.479 --> 1:12:40.960
<v Speaker 7>child in Massachusetts. An MS thirteen gang member from El

1:12:41.080 --> 1:12:45.880
<v Speaker 7>Salvador accused of murdering a Texas man of Venezuelan charged

1:12:45.920 --> 1:12:49.800
<v Speaker 7>with filming and selling child pornography in Michigan. These are

1:12:49.880 --> 1:12:53.360
<v Speaker 7>just some of the heinous migrant criminals caught because of

1:12:53.400 --> 1:12:57.080
<v Speaker 7>President Donald J. Trump's leadership. I'm Christine Noman, the United

1:12:57.120 --> 1:13:01.400
<v Speaker 7>States Secretary of Homeland Security. Under present to Trump, attempted

1:13:01.439 --> 1:13:05.160
<v Speaker 7>illegal border crossings are at the lowest levels ever recorded,

1:13:05.479 --> 1:13:08.479
<v Speaker 7>and over one hundred thousand illegal aliens have been arrested.

1:13:08.800 --> 1:13:12.360
<v Speaker 7>If you are here illegally, your next you will be

1:13:12.400 --> 1:13:16.280
<v Speaker 7>fine nearly one thousand dollars a day, imprisoned and deported,

1:13:16.720 --> 1:13:19.960
<v Speaker 7>you will never return. But if you register using our

1:13:20.000 --> 1:13:23.200
<v Speaker 7>CBP home app and leave now, you could be allowed

1:13:23.240 --> 1:13:28.200
<v Speaker 7>to return legally. Do what's right. Leave now. Under President Trump,

1:13:28.360 --> 1:13:31.959
<v Speaker 7>America's laws, border and families will be protected.

1:13:32.040 --> 1:13:34.200
<v Speaker 5>Sponsored by the United States Department of Homeland Security,