How I Turned Vending Machines Into A $300K Business | On The Job

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CNBC Make It

CNBC Make It

Күн бұрын

Marcus Gram, 31, saved up $10,000 to start his vending machine business in 2018. His company, Joyner Vending, now has 21 vending machines spread across Philadelphia, Baltimore, Washington DC and Detroit - and it brought in over $300K in revenue in 2021.
Check out Marcus on Instagram: / iambrother_gram
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This 31-year-old brings in $300K with his vending machine business - here’s how | On The Job

Пікірлер: 2 900
@BennieY.Jenkins
@BennieY.Jenkins 18 күн бұрын
When you venture into the world of financial investment, it's important to understand some foundational principles
@WeweAke
@WeweAke 18 күн бұрын
It simply means the allocation of money toward an asset or portfolio, with the expectation of earning a return over time.
@Adams52523
@Adams52523 18 күн бұрын
Yes, It a procedure where you allocate money or capital towards buying financial products, expecting to earn a considerable return in the future.
@harryrobot851
@harryrobot851 18 күн бұрын
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash I invested the money using an analyst, and in seven months, I raked in almost $673,000
@wandemiles
@wandemiles 18 күн бұрын
According to Patricia strain an expert, this can occur through appreciation in the price of the asset, earning interest, dividends or royalties.
@JacobMcDonald-wb6wl
@JacobMcDonald-wb6wl 18 күн бұрын
Patricia Strain knows it all, how can i reach him please.
@KarlRock
@KarlRock Жыл бұрын
Congratulations bro. Nice of you to share how you did it.
@imfrommars7362
@imfrommars7362 Жыл бұрын
Dude, big fan! I love your channel!
@redskycinema24566
@redskycinema24566 Жыл бұрын
Haha what a surprise I watch you channel regularly
@Maxim.Nazarenko
@Maxim.Nazarenko Жыл бұрын
PewDiePie, I never knew you were into the business with vending machines!
@cs2forlife
@cs2forlife 11 ай бұрын
This is the point I don't understand. If you're good at this business, why would you want competition?
@crisnmaryfam7344
@crisnmaryfam7344 11 ай бұрын
@@cs2forlife because its not a super cut throat business. Look around, theres plenty of areas that could benefit from vending machines. People just need to think outside the box a bit and do some cold knocking on doors and hustling. Location is prime, you can have the best machine in the worst location and not make crap. Or have one in a prime spot that needs constant attention due to how often it empties. Take a look at how popular of a tourist attraction, YES *Tourist *Attraction vending machines are in japan. Hot coffee.. Pizza.. Literally ANYTHING from a vending machine. Many of these type havent even been brought here.. Untapped market.
@Gezen-Adam
@Gezen-Adam Жыл бұрын
Respect for this gentleman 👏🏻
@SamehKhan
@SamehKhan Жыл бұрын
He's a really nice guy and down to earth. I just find all the B-roll they made him pose for hilarious. 1. Count bills in front of a fanta freezer. 2. Stand next to a vending machine and point at it. 3. Look thoughtfully out of a window.
@blahblahblahtoxic
@blahblahblahtoxic Жыл бұрын
Also sitting on a vending machine with a wad of cash.
@eloygameno379
@eloygameno379 Жыл бұрын
Trying to unload his machines to you
@LoveLove-ur8qx
@LoveLove-ur8qx Жыл бұрын
he gave me hope when I lost all. THANKS to him for the herpes & HIV herbal remedies.( #drehimen ).
@PaleEntertainment
@PaleEntertainment Жыл бұрын
I see your point. Rule of video get a bunch of B-roll you can get rid of most of it later, yet having too few shots can make things awkward fast.
@mrwoodcat
@mrwoodcat Жыл бұрын
yeah I feel the same but somehow it seems like suited him. the way he dress and talk
@dha588
@dha588 Жыл бұрын
This is awesome. He doesn't have to deal with customers and he still makes money.
@DROIDFARM
@DROIDFARM Жыл бұрын
Nah I do this and believe me you still have to deal with customers.
@Mobile_Gamer707
@Mobile_Gamer707 Жыл бұрын
@@DROIDFARM only when you are re loading goodies right?
@Eric_In_SF
@Eric_In_SF Жыл бұрын
The only thing he found was a full-time job. After taxes he’s only making about 150 K a year which isn’t chump change. But it’s a lot of work when you can do the same thing as a computer engineer and not have to run around all over the place, purchase inventory, babysit employees etc.
@HevaNaisdey
@HevaNaisdey Жыл бұрын
@@Eric_In_SF Not true, his job has an ability to scale. Plus, he has so much more freedom, free time compared to a salary man. Eventually, he can just hire ppl to do everything for him. A salary man can never have this kind of luxury.
@Clarke2316
@Clarke2316 Жыл бұрын
@@Eric_In_SF He earns 150k a year before taxes comes out of that, the 300k is his revenue and his profit is 50% so makes 150k profit and then what ever the tax is on that in the US (not sure myself as im in the UK)
@christophermondoux8408
@christophermondoux8408 Жыл бұрын
I love this story. He learned about a business, what customers want, what his margins are, and he has a plan to expand. Can’t wait to see him succeed.
@amandamarie7044
@amandamarie7044 Жыл бұрын
You are right !
@gaming4K
@gaming4K Жыл бұрын
Even if he just takes 70k as clean profit that's a nice little business. . I would be happy making half of that in my country.
@brrr40
@brrr40 Жыл бұрын
What's your country?
@williamj2460
@williamj2460 Жыл бұрын
@@brrr40 Zimbabwe
@swishclub5660
@swishclub5660 4 ай бұрын
palestine
@hiiambarney4489
@hiiambarney4489 2 ай бұрын
I mean that's 5-6k/month clean off In Western Europe that is Upper Management to Doctor levels of income.
@abm672
@abm672 Ай бұрын
​@hiiambarney4489 doc level for sure its not!
@AwokenEntertainment
@AwokenEntertainment Жыл бұрын
looked into vending machines for a while, great hustle.. awesome to see his success!
@nishinishi7941
@nishinishi7941 Жыл бұрын
This is the kind of story I wanted to hear! Not some kinda BS story where he started with 100 dollars and finally he is the CEO of an agency. Many people hide the real information or any unfair advantages they had behind their success to make their struggle look massive. But this dude gave away all the info and it's very realistic! Wish him more success !!
@MH-ru8he
@MH-ru8he Жыл бұрын
In the video he said he has 21 machines. Let's do the math, $300,000 last year and $500,000 projected for this year divided by 21 machines means his average machine is making $14,000-$23,000 a year. That's $1,167 to $2000 per month PER MACHINE. I just did a quick google search asking what the average vending machine nets per month and multiple vending machine sites state $300-600 a month with some stating on the low end it's about $40 a week. In fact, one vending site says a person would need 75-100 machines to pull the numbers he's claiming. Sooo, either this guy has figured out how to mine gold with his vending machines or this video is telling us crap. Don't believe everything you hear on the internet. If vending machines were this profitable everyone and their mom would be doing it.
@witty401son
@witty401son Жыл бұрын
@@MH-ru8he right!
@Uprising771
@Uprising771 Жыл бұрын
@@MH-ru8he he is inflating his numbers. probably makes around 100k.
@TheBasketballPlug
@TheBasketballPlug Жыл бұрын
@@MH-ru8he you talk about the avarage, there is the top , avarage , low . If the avarage is 300/600 the top gonna be 600/1200 or more cause we don't how much he make it. You can start a tons of business with just 100$ bucks but no one did cause no one want to put all the effort in it
@MH-ru8he
@MH-ru8he Жыл бұрын
@@TheBasketballPlug sure but his average per machine is 2-3 times higher than the average reported by vending companies. Definitely makes a person question
@Kosackk
@Kosackk Жыл бұрын
I wish the best for this guy, he deserves it for working this hard, he hit the jackpot with these machines!
@fergusflanagan7823
@fergusflanagan7823 Жыл бұрын
working hard?
@0mrflyhat
@0mrflyhat Жыл бұрын
@@fergusflanagan7823 the machines don’t restock them selves, and you have to search for the place where there is no machine already. But I do agree that it sounds easy
@DFyffe
@DFyffe Жыл бұрын
@@fergusflanagan7823 For every successful businessperson in vending there are so many disillusioned /failed efforts..... so yes buddy, it does take work and focus to grow a business like this. The calls, the maintenance, the restocking, the transporting, the warehousing, payroll, various insurances, vehicles, ect. Dude doubled and tripled his revenue across 3 flippin states Fergus. You need to digest that and please respect the hustle my brother because I think he's just getting started.
@mr.hansmoleman8150
@mr.hansmoleman8150 Жыл бұрын
@@0mrflyhat that might take 5 hour once every other week of actual labor with like 20 mins of buying the stock online but still respect to the guy
@ZorahMadara
@ZorahMadara Жыл бұрын
@@fergusflanagan7823 so easy why don’t you start doing it
@shaeidpatwary433
@shaeidpatwary433 Жыл бұрын
This guy is so transparent with his business, and I respect him. He has such a good soul, and I really dig his vibe. I wish I can be a business partner with him or even be my mentor.
@PROVOCATEURSK
@PROVOCATEURSK Жыл бұрын
He´s just scamming people for profit.
@samruddhasalvi3299
@samruddhasalvi3299 Жыл бұрын
@@PROVOCATEURSK so he should give away for free?
@jeannettesanker2845
@jeannettesanker2845 Жыл бұрын
@@PROVOCATEURSK how so? what do you suggest he do ?
@roadrunner9560
@roadrunner9560 Жыл бұрын
@@PROVOCATEURSK hater
@jonathangonzalez5474
@jonathangonzalez5474 Жыл бұрын
Lol. He restocks vending machine. Theirs not much to hide… “transparent” lmao
@joesphcu8975
@joesphcu8975 Жыл бұрын
The investment you choose isn't right or wrong, just depends on the kind of business person you are or simply the kind of person you are. However, the end game is investing money long term creates wealth every time. Just pick what you like and understand, invest and it will pay off. A lifetime of investing for 5 mil is not hard to accrue.
@alexyoung3126
@alexyoung3126 Жыл бұрын
But experts and strategists are telling us that those who believe the market will still bounce back are simply delusional - and they are about to get a reality check.
@checkforme234
@checkforme234 Жыл бұрын
@@alexyoung3126 I agree. Based on firsthand encounter with one ‘’EILEEN RUTH SPARKS’’ now i have 55k in a well diversified portfolio which has grown by 3x in the past 7 months with compounding, venturing doesn’t necessarily boil down to money but you also have to be informed, be patient and back it up with good hands
@stephaniestella213
@stephaniestella213 Жыл бұрын
@@checkforme234 I'm 39 and have decided I'm going to try and put 60% of my pay check into the market . How do i reckon with Sharon, whats her services like, do you think she can help me out ? I'm from Australia
@checkforme234
@checkforme234 Жыл бұрын
@@stephaniestella213 EILEEN covers things like investment, insurance, making sure retirement is well funded, Go over tax advantages , ways to have a volatility buffer for investment risk. many things like that . Just glance her full name up on the internet .she's well renowned and has quite a following. So it shouldn't be a hassle finding her.
@nickg5819
@nickg5819 Жыл бұрын
@@checkforme234 you really be out here respondin to yourself using different accounts lmao.
@paulhaley9635
@paulhaley9635 Жыл бұрын
Such a stand up guy, you can tell he’s genuinely a good person
@jamesthornock8214
@jamesthornock8214 Жыл бұрын
Amen.
@DokesConspiracyNetwork
@DokesConspiracyNetwork Жыл бұрын
How hes selling u junk food he got in bulk and reselling it to people who don't care about their health
@jamesthornock8214
@jamesthornock8214 Жыл бұрын
@@DokesConspiracyNetwork seems like he has a vested interest in stocking what sells. I’m sure if more people wanted healthier options, he’d pop those in.
@milad8255
@milad8255 Жыл бұрын
@@DokesConspiracyNetwork he is not forcing people to buy it.
@willn8664
@willn8664 Жыл бұрын
@@DokesConspiracyNetwork yeah because he's going to make more money off of apples and bananas, genius.
@zaprude
@zaprude Жыл бұрын
Wow. What a humble, grounded man, slowly and patiently building an empire from the ground up and bringing his community up with him. He will definitely reach his goals! Wishing you all the best!
@swift3495
@swift3495 Жыл бұрын
Good job, you've done something great. Well, even if not to be classified as that, you've made it. You always had it in you. You've escaped that financial hole most find themselves in. You took the initiative and kept going, without end
@zerocal76
@zerocal76 Жыл бұрын
But he has done something great. He's given people jobs! Way up there on things one can accomplish 👌
@KFordmusic
@KFordmusic Жыл бұрын
I’ve been following him on Twitter for awhile, he’s always offered advice to others for free. Very helpful guy
@olympic-ass-eater
@olympic-ass-eater Жыл бұрын
What is his Twitter name?
@rari2943
@rari2943 Жыл бұрын
Twitter?
@Avm371998
@Avm371998 Жыл бұрын
What's his twitter?
@chrishenson9569
@chrishenson9569 Жыл бұрын
That’s better than 30,000
@kingstonstreet3726
@kingstonstreet3726 Жыл бұрын
I was about to ask
@Janise-pg8yr
@Janise-pg8yr Ай бұрын
Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies.
@Daniel-ss7ri
@Daniel-ss7ri Ай бұрын
Understanding personal finances and investing will most likely lead to greater financial independence. By being knowledgeable about money and investing, individuals can make informed decisions about how to save, spend, and invest their money or you could hire a financial expert.
@user-ql1hu3fr4f
@user-ql1hu3fr4f Ай бұрын
that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+
@TaniaLato-ky4wo
@TaniaLato-ky4wo Ай бұрын
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
@user-ql1hu3fr4f
@user-ql1hu3fr4f Ай бұрын
Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.
@TaniaLato-ky4wo
@TaniaLato-ky4wo Ай бұрын
I looked her up, and I have sent her an email. I hope she gets back to me soon. Thank you
@Dakid015
@Dakid015 Жыл бұрын
Love hearing stories like this and guys like Graham. Good character guy with a good head on his shoulders. He deserves to see his business grow and keep supporting him and his family
@CNBCMakeIt
@CNBCMakeIt Жыл бұрын
Do you have an interesting job or a nontraditional career path? Apply below to be featured in a future episode of On The Job: forms.gle/6VduycnomynZiYSG9
@katelynejmont7887
@katelynejmont7887 Жыл бұрын
Nice one. I have a very profitable Bitcoin trading investment offer for you that will earn a good income aside your work. Ask me how?
@Chrissieb.rackett
@Chrissieb.rackett Жыл бұрын
Once again, everyone loves when someone who is not a KZbinr is featured. Love Marcus’ story and have no doubt he will reach all of his goals!!!
@ko-Daegu
@ko-Daegu Жыл бұрын
I know right when a popular tituber made a 1 mil from X machine but 90% of the money came from fact he’s popular (either adv or affiliate marketing )
@MH-ru8he
@MH-ru8he Жыл бұрын
In the video he said he has 21 machines. Let's do the math, $300,000 last year and $500,000 projected for this year divided by 21 machines means his average machine is making $14,000-$23,000 a year. That's $1,167 to $2000 per month PER MACHINE. I just did a quick google search asking what the average vending machine nets per month and multiple vending machine sites state $300-600 a month with some stating on the low end it's about $40 a week. In fact, one vending site says a person would need 75-100 machines to pull the numbers he's claiming. Sooo, either this guy has figured out how to mine gold with his vending machines or this video is telling us crap. Keep in mind that this video was posted by a site who's sole business plan is to generate views and clicks by ideas of making it rich so there's an inherent conflict of interest to inflate projected figures on any business presented to hype the video. Don't believe everything you hear on the internet. If vending machines were this profitable everyone and their mom would be doing it.
@chanyoung3725
@chanyoung3725 Жыл бұрын
@@MH-ru8he True but the statement that everybody and their mom would be doing it is false. Everyone and their mom doesn’t have $1k-$4,500 to invest in this type of business.
@MH-ru8he
@MH-ru8he Жыл бұрын
@@chanyoung3725 $1-4k is not a lot of money so I'd say it's pretty attainable for most in the US. $50k maybe not, but $1-4k definitely. I mean most get tax refund checks in that amount each year.
@chanyoung3725
@chanyoung3725 Жыл бұрын
@@MH-ru8he Well an article came out at the beginning of this year and stated that most Americans don’t even have $300 dollars saved up. I mean I get what you’re saying about the other part but everybody and their momma lacks drive so they wouldn’t even do it if someone gave them the money to start.
@miasocialmedia
@miasocialmedia Жыл бұрын
I am so inspired and proud of you! Hearing about your success in Philly is huge to me! Thanks for sharing your story.
@satsky2367
@satsky2367 Жыл бұрын
Super humble and truly hardworking person. Excellent example for people who are trying to make it through.
@Daniel91728
@Daniel91728 Жыл бұрын
I really appreciate him sharing all the profits and step by step guide. This is so cool
@jimbobsmelly
@jimbobsmelly Жыл бұрын
And now it's my idea 😈
@sujesh4684
@sujesh4684 Жыл бұрын
He seems to be so genuinely nice
@iloveblackwomen9926
@iloveblackwomen9926 Жыл бұрын
he says he pay his workers for what do they do dont the machine sell itself
@jellibellishyjay2603
@jellibellishyjay2603 Жыл бұрын
@I love Black women yeah but the workers have to stock the machines, take out expired products, and make sure the machine itself is running properly.
@cs2forlife
@cs2forlife 11 ай бұрын
This is the point I don't understand. If you're good at this business, why would you want competition?
@guiadavid3877
@guiadavid3877 Жыл бұрын
Recessions are where millionaires are created, I feel for the older generation, but if you are you or middle age, you should do everything possible to double or triple your income.
@gabrieldolph508
@gabrieldolph508 Жыл бұрын
I agree with you.
@gabrieldolph508
@gabrieldolph508 Жыл бұрын
I overheard someone talking about how a couple made $200k during this red season but it’s risky except you’re being guided by a pro.
@samuelteddy.439
@samuelteddy.439 Жыл бұрын
@@gabrieldolph508 if this is true
@samuelteddy.439
@samuelteddy.439 Жыл бұрын
I will be retiring in two years and I have a goal of doing that with $1M. How can I reach out to your guide?
@gabrieldolph508
@gabrieldolph508 Жыл бұрын
@@samuelteddy.439 Follow his channel 👇👇👇
@animelovachikk
@animelovachikk Жыл бұрын
I wanna say thank you because I love when business owners share their tips and tricks and I’ve been interested in starting my vending machine business and I’m scared but definitely gonna do it just gotta save money now
@AaronZak-js
@AaronZak-js 3 ай бұрын
Treasury rates are rising quickly, the markets are collapsing, inflation is skyrocketing, and the Fed is imposing a significant interest rate hike-all of which will result in further losses for portfolios this quarter. How can I take advantage of the present market volatility? I'm still undecided about whether to sell my $125,000 worth of bonds and stocks.
@LenaSchweizer-ff8xy
@LenaSchweizer-ff8xy 3 ай бұрын
The strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skillset/knowledge to pull such trades off.
@MorganGarner-bk
@MorganGarner-bk 3 ай бұрын
in as much as my knowledge of the business is limited, it seems that this is the ideal time to enter the market based on my understanding of supply and demand in the economy. The consistent price variations, which shouldn't be an issue, are the only thing stopping me. But I really need a counselor; could you please assist me?
@Erickruiz562
@Erickruiz562 3 ай бұрын
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
@healthy_palace
@healthy_palace Жыл бұрын
Really inspiring! Thanks for sharing!
@zacharyporter3637
@zacharyporter3637 Жыл бұрын
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
@Kadonka
@Kadonka Жыл бұрын
Please stop
@Uprising771
@Uprising771 Жыл бұрын
you spam this garbage everywhere.
@loyaltyreviews7045
@loyaltyreviews7045 Жыл бұрын
Amen. I will be successfully wealthy.
@kenwiley8453
@kenwiley8453 Жыл бұрын
Auctually They Do Become Successful Overnight When They Have Best Methods for Learning & Connecting Socially
@stinkymonkey1725
@stinkymonkey1725 Жыл бұрын
me too
@chandler5712
@chandler5712 Жыл бұрын
Never thought about doing this as a cheaper way to start a business. Major props to him!
@mabel9701
@mabel9701 Жыл бұрын
Love that it’s not about another KZbinr. Happy that he‘s succeeding and wishing him the best.
@GCVIDEOPOST
@GCVIDEOPOST Жыл бұрын
This video just made my day. Happy to see he found a way to not only survive but thrive in business, and all on his own. 🙏🏽
@Theselfcareking
@Theselfcareking Жыл бұрын
Thank you so much
@katelynejmont7887
@katelynejmont7887 Жыл бұрын
Nice one. I have a very profitable Bitcoin trading investment offer for you that will earn a good income aside your work. Ask me how?
@GCVIDEOPOST
@GCVIDEOPOST Жыл бұрын
@@Theselfcareking You're very welcome. Thanks for the inspiration. I'm also at my mom's now after loosing a job, and it's always an inspiration to see we can find a way forward. Many blessings and continued success. :)
@Theselfcareking
@Theselfcareking Жыл бұрын
@@GCVIDEOPOST I’m wishing you nothing but success
@GCVIDEOPOST
@GCVIDEOPOST Жыл бұрын
@@Theselfcareking Thank you so much.
@markaustin5229
@markaustin5229 11 ай бұрын
Success doesn't happen overnight. It's a marathon, not a sprint. You have to pace yourself, put in the work, and be consistent day in and day out if you want to achieve your goals.
@billymark7125
@billymark7125 11 ай бұрын
You are right, to be a successful person in life require him or her of hard work and time
@stevewilliams760
@stevewilliams760 11 ай бұрын
The thing about been successful is working toward it and not going the other way round
@roycorey7454
@roycorey7454 11 ай бұрын
Investing in crypto is the most profitable investment due to its current rise, huge profits and future benefits.
@johnchris7085
@johnchris7085 11 ай бұрын
@DavidLopez-nw3krreal estate is good but crypto is better
@claresmithy4667
@claresmithy4667 11 ай бұрын
I diversified my $25K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $450k in net profit across high dividend yield crypto in few weeks or months.
@justinhopper5941
@justinhopper5941 Жыл бұрын
Good for him. You really have to hustle hard in that buisness. But it’s also about location. I’d imagine getting good locations for your machines is half the battle. You also have to pay the owners of the property too.
@thisishowitallends9321
@thisishowitallends9321 Жыл бұрын
You actually don't. lots of businesses are just happy to have free machines, that are accessible to the stuff and clients
@achta8433
@achta8433 Жыл бұрын
No you don’t have to pay them anything. You can also buy a vending machine with location.
@justinhopper5941
@justinhopper5941 Жыл бұрын
@@achta8433 If you’re buying a machine with a location you are paying for a location partly lol . Yes businesses charge rent and take a cut. You think you can just put a vending machine wherever you please. Taking up space on their property and they don’t want a cut. Haha you are misinformed.
@SheDiamondTube
@SheDiamondTube 9 ай бұрын
It's at the property owners discretion...if they charge too much or he doesn't want to pay property owners he can find another place...
@SheDiamondTube
@SheDiamondTube 9 ай бұрын
Plus he could of added vending machine pay location into his expenses
@Theselfcareking
@Theselfcareking Жыл бұрын
If you want to ask some questions to me directly or want to learn more, join me August 10th at 7p EST for my free vending webinar vending.lpages.co/free-training-aug-10/
@relaximdointhis
@relaximdointhis Жыл бұрын
I know him, he’s such a sweetheart and deserves all of this success. I’m incredibly proud of him!
@paulhoyte869
@paulhoyte869 Жыл бұрын
Such a genuine, humble, pure guy!
@StankyPack
@StankyPack Жыл бұрын
wow i was following this dude on twitter before he started and watching his business grow was dope
@Raymondjohn2
@Raymondjohn2 Жыл бұрын
To my understanding this just proves how much we need an edge as investors because playing the market like everyone else just isn’t good enough. I've been quite unsure about investing in this current market and at the same time I feel it's the best time to get started on the market, what are your thoughts?
@lipglosskitten2610
@lipglosskitten2610 Жыл бұрын
There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.
@kenanporubsky2122
@kenanporubsky2122 Жыл бұрын
Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.
@nickg5819
@nickg5819 Жыл бұрын
@@kenanporubsky2122 stop responding to yourself usin different accounts bro
@XpertSwami
@XpertSwami Жыл бұрын
@@nickg5819 lmao
@BladeStar420
@BladeStar420 Жыл бұрын
1700 likes for a bot comment ARE YOU KIDDING ME KZbin
@missval555
@missval555 Жыл бұрын
I’ve been wanting to do this for 5 years - OMG 😱 it’s time! Gosh, I’m sooooo happy for him and how he’s building
@maggieleeflowers
@maggieleeflowers Жыл бұрын
What a great story he has to tell. Not only did he become successful, he really enjoys the success as it continues to grow and he helps his family too. Just awesome.
@tanisharobinson2074
@tanisharobinson2074 Жыл бұрын
#Plan
@amandasong9663
@amandasong9663 Жыл бұрын
Awesome job! Thank you for sharing all your amazing ideas. Super happy for your success! Wish you so many more wonderful things to come!
@maxinef6654
@maxinef6654 Жыл бұрын
This is the second guy I’ve watch on this channel that is making over $300k in vending machines. Kudos to this guy.
@gauravbansal1762
@gauravbansal1762 Жыл бұрын
Good Stuff, didn't knew vending machines have this much potential.. kudos to you bro!!
@trashandgollc1113
@trashandgollc1113 Жыл бұрын
There's nothing better than seeing somebody succeed! Congrats man and keep grinding. Wishing you the best all the way from Dallas, TX.🙏
@MichaelHartman1
@MichaelHartman1 Жыл бұрын
What a grind. Bless you man! Only more and more success!!!
@familychatchannel
@familychatchannel Жыл бұрын
Awesome. Keep going!...and too, keep building up your KZbin channel as well. You have so much potential to help people there too. Great job👍
@TheWebcrafter
@TheWebcrafter Жыл бұрын
From nice hustle to growing business. Congratulations, Marcus, and hello from the UK. I'm currently writing my first set of entrepreneurial guides for enterprising young individuals. Vending machines figure heavily, albeit with a unique strategic twist I've added. Once you've read it, you'll never look at the vending machine industry in the same way again. Once a suitable draft is edited, I'll forward you an extract from the section in the guide discussing the 'vending machine' model. Perhaps, once you're satisfied with what you read, you'd be interested in providing some industry insights or a quote for the guide. Again, well done. Keep on keeping on, Marcus.
@TheAlijamaica
@TheAlijamaica Жыл бұрын
I love how to the point this video is! Major props on your success!
@jairunet
@jairunet Жыл бұрын
Congratulation my man. Hard work always pays off, now time to continue innovating and growing your business ✌
@David-hy3yb
@David-hy3yb Жыл бұрын
Most informative video I've seen yet on this. Thanks for the transparency bro!
@979259
@979259 Жыл бұрын
the ability to find a niche and make a living is what has made America great. props to this guy for his spirit and drive.
@Felcaster
@Felcaster Жыл бұрын
Seems like a great guy, so happy he was able to turn a side hustle into a career!
@XCCCUnknown
@XCCCUnknown Жыл бұрын
This is one of the most inspiring videos I've ever watched in a very long time.
@seekthetruth336
@seekthetruth336 Жыл бұрын
For anyone looking to get into this, please beware! 1)Vending machines are machines, and in his price break down, he never mentioned repairs, it takes a big chunk of your sales away. 2)ALSO, location, most places won't let you just walk in and place a machine down and the good locations are already leased out to other vending machine owners. 3) You are most likely going to end up buying someone else's route (a few machines in different locations) and at that point you gotta ask yourself, if it was so profitable why is that person selling it?
@eloygameno379
@eloygameno379 Жыл бұрын
location! location! location!
@callak_9974
@callak_9974 Жыл бұрын
Gotta see their books before purchasing their routes then. And tax returns on their business.
@THIRTEENTH13TH
@THIRTEENTH13TH Жыл бұрын
@Abhijeet Kundu sounds fun
@Rayrockny
@Rayrockny Жыл бұрын
Exactly he also never mentions the lease cost. Do building owners and business owners just let you plug one of these thing in without a kickback?
@pirate4460
@pirate4460 Жыл бұрын
@@Rayrockny Usually it's about 7% commission that you pay from what I have read.
@Stickythoughts
@Stickythoughts Жыл бұрын
He gave 100% game on like some who will preach and make sure they leave out key details. This is free first hand course in less than 10 mins.
@Grace-jb7me
@Grace-jb7me Жыл бұрын
Literally!!
@jakeboogey
@jakeboogey Жыл бұрын
Some of the expenses he didn't mention are maintenance on the machines, rent space for the machines, and drive time.
@donaldlyons17
@donaldlyons17 3 ай бұрын
@@jakeboogey But it also might come down to how much it cost to do so too...... Just saying.... When I had my own thing cost were negatable because the profits more than made up for them....
@geezyns
@geezyns Жыл бұрын
Dope video, definitely inspiring. Keep up the good work brother. 🙏🏾
@keontacoleman4387
@keontacoleman4387 Жыл бұрын
Thank you for the info 👑. Keep going up man. Looking forward to watching and learning more. ✊🏿✊🏿
@annmannings1840
@annmannings1840 Жыл бұрын
Great video❤️ I hope everyone gets rich
@doragary3717
@doragary3717 Жыл бұрын
Yeah! But we can't get rich overnight right? Getting rich comes with multiple INVESTMENT but we all have to start from somewhere!
@josephfrys6969
@josephfrys6969 Жыл бұрын
No specific one really, because there are lots of investment plans and strategies littered all over the internet today,for instance, investments like real estates,gold, crypto currency and lots more
@adamsgreen4220
@adamsgreen4220 Жыл бұрын
@@josephfrys6969 I've heard alot about crypto currency investments and how effective it can grow your income! Any recommendations on a guide?
@adamsgreen4220
@adamsgreen4220 Жыл бұрын
@Mrs Trust NOBLE Thanks so much for the recommendation, I will look into it.
@djeechizzy9818
@djeechizzy9818 Жыл бұрын
I heard so many millionaires like Mr elon are investors in the crypto space
@MrProspect23
@MrProspect23 Жыл бұрын
Solid dude, bro gave everyone the game with numbers and locations to get supplies. Most people dont tell you this stuff. Stay up my guy!
@aliabdelaziz905
@aliabdelaziz905 Жыл бұрын
Yup and people need to know it don’t happen overnight
@TruthTellerTV
@TruthTellerTV Жыл бұрын
You could've already googled that info.
@llpp202
@llpp202 Жыл бұрын
Its because any smart business owner knows most people wont do anything with the information.
@TruthTellerTV
@TruthTellerTV Жыл бұрын
@@llpp202 No, it’s because this is all fairly basic info and he will charge a course for the rest (whatever thats suppose to consist of)
@llpp202
@llpp202 Жыл бұрын
@@TruthTellerTV You would be surprised how much people don't know to begin with
@Theboardbro
@Theboardbro Жыл бұрын
Another fantastic and interesting video!!
@katelynejmont7887
@katelynejmont7887 Жыл бұрын
Nice one. I have a very profitable Bitcoin trading investment offer for you that will earn a good income aside your work. Ask me how?
@FishingWorlds
@FishingWorlds Жыл бұрын
Man you deserve it no doubts about that! Keep the grind going 🙏
@jwag301
@jwag301 Жыл бұрын
very kind of you to share your margins! i have no doubt you have inspired someone to start their own company.
@kuryanthomas1438
@kuryanthomas1438 Жыл бұрын
this guy has been famous for a while since this first came out, nice to see it featured now on cnbc.
@Theselfcareking
@Theselfcareking Жыл бұрын
Thank you!
@angrybirdbob2881
@angrybirdbob2881 Жыл бұрын
Awesome video, super informative and super happy this guy was able to make a business for himself. I am curious how putting in vending machines to places work. Like does he just ask if he can put one in, or does he have to set up a contract with wherever he’s putting it in so that they get part of the sale?
@Zak-jt6nk
@Zak-jt6nk 5 ай бұрын
Can be both usually these companies make brochures have business cards websites post their services some places probably allow it just for the convenience while others probably charge a % of the profits or a flat rate monthly for the space the machines take
@Joaquin2885
@Joaquin2885 Жыл бұрын
This is amazing bro proud of you very motivating 🙏🏼
@ardathwojteckitl
@ardathwojteckitl 3 ай бұрын
Thanks for the update.
@ardathwojteckitl
@ardathwojteckitl 3 ай бұрын
Te/e gram
@ardathwojteckitl
@ardathwojteckitl 3 ай бұрын
@Rolandostrategy THAT IS HIS USER NAME
@ardathwojteckitl
@ardathwojteckitl 3 ай бұрын
please make sure you write the USER NAME complete and He's verified
@BernieDoyle-dh7qj
@BernieDoyle-dh7qj 3 ай бұрын
the first step to successful investing is figuring out your goals and risk tolerance either on your own or with the help of a financial professional but is very advisable you make use of a professional.
@BobbyTreutel-bw1kp
@BobbyTreutel-bw1kp 3 ай бұрын
Well...I will advise you should stop trading on your own if you keep losing and start trading with an expert because trading with an expert is the best strategy for newbie...😊
@ChrisieCouncil
@ChrisieCouncil Жыл бұрын
Love this!!! Thanks for sharing!
@Theselfcareking
@Theselfcareking Жыл бұрын
Thank you for watching!
@columbiajones1534
@columbiajones1534 Жыл бұрын
I stocked vending machines for a small company for 3 years. Definetly not so cut and dry. Location is a probably the biggest thing by far to worry about. He also didn't talk about the issues like expiring products and making the machine run without problems. Those can snow ball real fast. Machines don't work, no one buys stuff. No one buys stuff and you have an entire machine of expired products eating into your profit. And you can only eat so many expired Doritos and Snickers before you get sick of them haha.
@FromTheHipp
@FromTheHipp Жыл бұрын
he checks them regularly so the issues of expired products wouldnt actually be a thing for him. and im pretty sure machines fail occasionally, but making 300k a year with a projection to make 500k, i'd assume that it happens infrequently enough to deal with and keep going.
@fallendevonish1869
@fallendevonish1869 Жыл бұрын
He also ignored the fact that a lot of places where you put the machines will want a cut of the profit, for storing it in there building.
@columbiajones1534
@columbiajones1534 Жыл бұрын
@@fallendevonish1869 Yeah. That location issue is huge for sure. Some places are chill with you racking in the dough and some aren't.
@columbiajones1534
@columbiajones1534 Жыл бұрын
@@FromTheHipp Just because he checks the machines, doesn't mean they won't expire. You have to keep an eye on dates and if you notice something isn't selling, transfer it to a machine you're sure it will sell in. But thats sometimes easier said then done depending on your route and what time of day you drop by a machine. Might mean a lot of back tracking. Point is I did this for 3 years. CBS didn't cover everything and this business isn't simply easy money.
@FromTheHipp
@FromTheHipp Жыл бұрын
@@columbiajones1534 yeah i wasnt saying they wouldnt. im saying keeping regular tabs on this, which he made seem like was daily, lowers your chances of such things happening.
@Acrbeast44
@Acrbeast44 Жыл бұрын
Bro shout out to him 💯 he really just spread the knowledge out 💯 love you cous for just speaking up abo ur experience u never know how much people can relate to it
@erickagarcia8870
@erickagarcia8870 10 ай бұрын
Congrats - soo much respect to you!! Keep rising 🙌✨
@Opinionatedchic
@Opinionatedchic Жыл бұрын
Thankful for every gem this guy shared on here. He gave much more info than the average trust fund baby who's just being opportunistic. For those of you speaking negatively about him, that's probably why you're not doing as well. He has every right to sell his knowledge if that's what he chooses to do. Don't they all?!
@PROVOCATEURSK
@PROVOCATEURSK Жыл бұрын
Taking more than 100% profit from customers is illegal in many countries.
@IanSmithKSP
@IanSmithKSP 11 ай бұрын
300k a year, 10% to employees? Yea, real honest. He really knows his business. He's not making 50% profit. That's a fact. He either has 1 employee he underpays or he makes maybe 60k a year at this rate.
@Moon-zk1gj
@Moon-zk1gj Жыл бұрын
Nice video. Only issue I have with it is how much of that profit goes towards "rent" or the buildings where the vending machines are. It is highly unlikely places will let you place your vending machines in their building for free.
@grahamstegall4474
@grahamstegall4474 23 күн бұрын
I hear it ranges from 5%-20% of the profit to a place, however I also read that a lot of places even let you do it free if you just keep them stocked and maintain them as want them as options for people
@aquabayb4309
@aquabayb4309 Жыл бұрын
Omg This is just what I needed. I had no idea this was possible. Thank you
@prepordietryin9119
@prepordietryin9119 11 ай бұрын
Great Video and how he broke everything down. I got to say I'm truly happy for this guy even though I don't know him. He used his brain and he came up with something that makes him lots of money. He's already seems like he's good with money and makes good decisions so I'm sure he'll go even further than he's already went.
@sauravsingh-mu9ib
@sauravsingh-mu9ib Жыл бұрын
The fact that he gave all the numbers with all the ideas and tips genuinely make him a great influencer ❤️
@ReviewUnboxingPT
@ReviewUnboxingPT Жыл бұрын
This is a nice down-to-earth and very humble guy. Happy to see him out of poverty. Great success in the future from Portugal
@Theselfcareking
@Theselfcareking Жыл бұрын
Thank you so much
@KingCoCo
@KingCoCo Жыл бұрын
My man! Love seeing these stories. Straight hustle! 🔥🔥🔥🔥
@carsandmoods3593
@carsandmoods3593 Жыл бұрын
I really like this guy. He's a real stand up guy. Wishing him all the best.
@nobody.6451
@nobody.6451 8 ай бұрын
Suge Knight of vending machines .
@megannyabawa3369
@megannyabawa3369 Жыл бұрын
Well done CNBC make it! The success story is clear, inspiring and easy to follow
@madfes5941
@madfes5941 Жыл бұрын
Well said, but i think we can discuss this topic!
@brittanykuzina4027
@brittanykuzina4027 Жыл бұрын
My boy!!! Way to go out and get it! The right way. Nothing but praise for this young man.
@caprikera8685
@caprikera8685 Жыл бұрын
What an inspiration! I'm so proud of him!
@Kimchi_Studios
@Kimchi_Studios Жыл бұрын
Overhead, depreciation, etc...what is the net income
@ShellymanStudios
@ShellymanStudios Жыл бұрын
He opened my eyes. Wow! I really hope he gets his own vending machine warehouse someday!
@donaldave691
@donaldave691 8 ай бұрын
IN MY JOURNEY AS A JOURNALIST FROM ENGLAND, FATE LED ME TO CROSS PATHS WITH MRS. KAREN CHARLES, AN EXCEPTIONAL EXPERT WHOSE LEGITIMACY AND MAGICAL METHODS HAVE LEFT ME DEEPLY TOUCHED. HER NEW STRATEGY HAS BROUGHT ME CONSISTENT EARNINGS EVERY SINGLE WEEK, ILLUMINATING MY PATH WITH HOPE AND PROSPERITY.
@charlesmark8145
@charlesmark8145 8 ай бұрын
Trading with an expert yields significant crypto returns.
@charlesmark8145
@charlesmark8145 8 ай бұрын
Newbies often make the mistake of not seeking professional guidance and help, like Exp Mrs Karen Charles, who is dedicated to providing knowledge and strategies in the cryptocurrency market.
@abdulkadirahmad3839
@abdulkadirahmad3839 8 ай бұрын
I'm pleased with my investment in Exp Mrs Karen Charles, and I'm still reinvesting while the trading continues
@AdamLevy-nn6vx
@AdamLevy-nn6vx 8 ай бұрын
In the midst of credit and sorrow, Mrs. Karen emerged like a guiding light, bringing me immense relief and financial joy. Today, after God, I stand thankful for her support as I receive a profit of $30,000. Her impact on my life is truly touching and transformational.
@paulamcminn9618
@paulamcminn9618 8 ай бұрын
As a resident of Denver, Colorado, USA, I connected with Mrs. Karen, a FINRA agent, and she has been incredibly helpful, generating significant profits for me.
@brotherskeeper2253
@brotherskeeper2253 Жыл бұрын
Awesome, brother.. Much love to him for sharing his success
@66yozgattandrkebap48
@66yozgattandrkebap48 Жыл бұрын
I'm proud of this guy. He really did turn things around for himself and family. I wish I had that kind of entrepreneur personality ;D
@a-symfony6312
@a-symfony6312 Жыл бұрын
I cannot express enough how inspiring his story is to me.......It gives me hope for my situation to keep trying to put my wife and kids in a better situation for their future and for me to feel like I'm proving myself to be a better provider for them. I don't even know Him yet I'm proud of him!!
@steamyninja8881
@steamyninja8881 Жыл бұрын
You got this! Wisdom and intelligence for making correct choices comes with experience and time, and the more you try, the more you’ll learn and the more successful you will be. Give it time and keep trying, you’ll reach your goal one day!
@a-symfony6312
@a-symfony6312 Жыл бұрын
@@steamyninja8881 Thank you does not even begin to express appreciation for your encouraging words!! I'm going to snapshot this to read for encouragement in times when I need lifting. Thank you so much.
@MultiversalGoat
@MultiversalGoat Жыл бұрын
@@a-symfony6312 Let’s go bud! You can do this; keep the flame alive! 🔥
@a-symfony6312
@a-symfony6312 Жыл бұрын
@@MultiversalGoat Thax u greatly Ruben, this encouragement is a blessing to my soul and my confidence!!
@leandersantos2477
@leandersantos2477 Жыл бұрын
This is inspiring? You must be broke
@simpshady9090
@simpshady9090 Жыл бұрын
So inspiring! This made me so emotional because I'm living paycheck to paycheck and have no purpose in life but seeing these type of videos really helps me with coming up with ideas to turn my life around. I always used to think that one day I'll make it and I'll be able to take care of my parents and retire them for the rest of their life for sacrificing so much for me. If you're reading this please know that this life we have is too short and precious to waste by working for a company that will replace you in a week if you happen to die. Go out there and achieve your dreams! You CAN too become financially free and live your life to the fullest!!
@roselynholloway7863
@roselynholloway7863 10 ай бұрын
What’s your goals
@MoCowbell
@MoCowbell Жыл бұрын
This made my day. What an inspiration you are.
@FlashPoint345
@FlashPoint345 Жыл бұрын
i work a good full time job but boy did you just spark something in my brain and now got me thinking. Thanks for the info! Keep up the excellent work! 👍
@elianah8803
@elianah8803 Жыл бұрын
Congratulations. I love that you’re all about inspiring and teaching others and changing lives. Eye on the prize!
@dariosposato289
@dariosposato289 7 ай бұрын
i Believe this guy because he's not showing that with vending machines he's making millions and walking around with some crazy car (which most people would show) which makes him a very respectable person and a modest one.
@brooklyndreams2028
@brooklyndreams2028 4 ай бұрын
Well Mr. Gram, you just changed mine. My husband are looking into this little gem as we speak. Thank you for sharing!
@dune22
@dune22 Жыл бұрын
Amazing story. So awesome how he helped his family.
@ADoseOfSotrendy
@ADoseOfSotrendy Жыл бұрын
I was up to 5am researching vending machine. This video came right on time. He’s definitely doing his thing so, happy for him 🙌🏾🙌🏾
@Theselfcareking
@Theselfcareking Жыл бұрын
Thank you so much!
@King-a-ling
@King-a-ling Жыл бұрын
Let's meet up and compare notes
@pla4825
@pla4825 Жыл бұрын
I’m very proud of this young man I want to get involved with the vending machine business 😊
@lacoupe5088
@lacoupe5088 Жыл бұрын
Love this episode. This guy’s story is amazing!
@alphamaleentertainmentllc9643
@alphamaleentertainmentllc9643 11 ай бұрын
Jah Bless ✊🏾 Big up to di man deh 💯 Respect 🇯🇲 I have always been interested in the vending business & the investment opportunities that can come it.. Great Content🔥🔥🔥🔥🔥
@dirtroadsandwoodstoves
@dirtroadsandwoodstoves Жыл бұрын
What a great, informative video. This Guy's humble and easy way of communicating is spot on. No wonder he is successful. Great job all around. I do wonder, does he pay rent to the location owners, or is there some kind of profit sharing? 🇺🇸
@mitchellluce2932
@mitchellluce2932 Жыл бұрын
its fake. he makes 90% of his money now from his instagram.
@henning6158
@henning6158 Жыл бұрын
You often have to pay a fee but sometimes they are just happy if someone does it because it is good for the Office
@deathlarsen7502
@deathlarsen7502 Жыл бұрын
you repeat the same comment on every page?
@iambeter
@iambeter Жыл бұрын
@@mitchellluce2932 how do you know this?
@mitchellluce2932
@mitchellluce2932 Жыл бұрын
@@iambeter easy, I'm omniscient. Also nice profile pic.
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