How I Make 500K Per Year From Mini Mail Boxes

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Check out Lisa's website: lisasongsutton.com
Ken McElroy talks about mailbox rentals with Lisa Song Sutton, a former corporate lawyer turned entrepreneur. Lisa reveals how she built a thriving business generating over $500,000 annually from tiny mailboxes. Learn the keys to her success, the strategies that got her profits, and how you too can turn a simple concept into a steady stream of income.
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ABOUT KEN:
Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, The ABC’s of Property Management, and has an upcoming book: "ABCs of Buying Rental Property: How You Can Achieve Financial Freedom in Five Years." Ken is a Rich Dad Advisor.
Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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[@KenMcElroy]

If you want to support the channel, please share this video to increase its reach. It would really help us out, and it motivates Ken to make more videos. Thank you so much it really means a lot.

[@youngk6955]

Ken, im very interested in multifamily investments. Where can I get financial statements for certain apartment complexes, as I can find financial staThanks! for stocks in SEC. Thanks always!

[@LisaSongSutton]

Thank you so much for having me on the podcast again, Ken! I’m always grateful for your mentorship, kindness and inspiration!

[@ignaciomiranda7579]

hello, what happens if I send a over sized item like a car engine size box and it takes months for me to go and take it? never mind I just watch your other vids, marry me

[@doubleroti4672]

Golden information! Thank you so so much!

[@AbdulKarim-db7xp]

Thank you for your research. I find your videos are well done. RIght now I'm keeping an eye on Eledator

[@User-dn4vi]

Ken, thank you for another great episode. This is hands down the best channel for entrepreneurship. You’ve been an incredible enriching resource through my journey working in real estate development.

[@tanyapaula8842]

Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success. This dedication to continuous learning is inspiring...managed to grow a nest egg of around 2.1BTC to a decent 15B TC in the space of a few weeks... I'm especially grateful to John Preston, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..

[@catherinelyng1353]

Please how do I go about it, am still a newbie on investment trading and how can I make profit?🙏🙏

[@tanyapaula8842]

HE’S MOSTLY ON TELEGRAMS APPS WITH THE BELOW NAME.

[@tanyapaula8842]

@johnPtrader ⭐⭐⭐

[@catherinelyng1353]

Thanks for the information... I will contact him as soon as possible. I also want to gain good knowledge and stop losing.

[@virginiakershaw6119]

I agree that there are strategies that can be used to generate solid profits regardless of the state of the economy or market, but such implementations are usually carried out by investment experts or advisors with experience.

[@lillianluna-garcia9668]

I work for USPS and they do have a Guarantee delivery it’s called express…. You welcome…. And yes USPS is the cheapest delivery system because we deliver for every carrier they just overcharged the customer when u go with a Third party…. But good broadcast I should open my store 😊

[@EcomCarl]

Lisa's approach to the mini mailbox business is a brilliant demonstration of how niche markets can yield significant returns. Location and understanding customer demographics are key factors in replicating this success in similar ventures. 💡

[@ddhhayes]

Great show guys!

[@AbdulRasheed-fb9vg]

Oh, I love you guys, the best market analysis! Seriously, why not mention Eledator?

[@tjsokkerplayer]

Great idea to approach a business owner and create a successful blueprint for 10k. Some would balk at that price tag, but knowledge is everything. Some pay far more than that for college tuition and get much less in return.

[@clintonmurakami3753]

Great model with low entry, thanks for the video.

[@RobotsCanDoAnything]

I love Lisa's energetic energy. Thank you guys for an excellent video post.

[@mc-kz8zn]

Really interesting, thanks for having this pod.

[@Pug318]

Really really enjoyed listening to the interview, opening my eyes up to this business model. Thank You

[@gtcam723]

I have considered doing this.

[@kikeherrera3921]

Thank you Ken for these videos they are so inspiring. How do I get more info on this business model?

[@papa1351]

Great video, I only have one comment that the lady got wrong is that almost all postal offices do offer street addresses attached to your postal box and they will receive your packages for you at no additional cost. That being said they will not advertise this service, they might not even know that they can do it. I had to train the counter and Post Mistress about this service and they have done a great job since. There are no postal stores in my area so training the Post Office was my only option It would be a great area to open one, once retail space is built. In the neighboring towns UPS just took away their franchises even though there is always a line, not sure whats that about.

[@Bitcoin_Gold]

Yes true I been using postal street address delivered to my po box. Also great I get alerted by email that I have mail. No more going check everyday. So convenient and no charge for that service for being notified

[@gtcam723]

My local one has no openings and the customer service is absolutely terrible

[@Bitcoin_Gold]

I have a p.o. box at us postal office in my area. They now offer free street address mailing. So all my ups or federal express can be ship there. Also what I get for free is email alerts letting me know if I have mail. No more checking every day of I have mail. Finally and more convenient

[@melted.minds.]

Wow!!! Such an innovative idea for a business model.

[@monkeyfinger7949]

This woman is a mind blowingly smart entrepreneur! Thanks for a really eye opening video. Who knew?

[@karenwinkler3069]

Expensive

[@brianwoolery7302]

heck yeah. I'm in.

[@shawnd9896]

This business model has been around for years now. It works well if you dont live in an hellified expensive state like New York....Rent would eat up your profits.....

[@darkknightbk]

How is this different from ups franchise? Other than you don't have to pay franchise fee

[@David.D3]

You're not capped on the amount of mailboxes to put out.

[@Greg_Chase]

She is awfully cute for being such a winning business intellect! Many of us have used remote mailboxes over the years. Seems like a nice idea.

[@FrenchChefatYourHome]

thanks from Paris, france

[@CharlesVaughn-bm9gq]

$500k revenue or net profit?

[@alberteinstein8959]

Grose revenue..... EBITDA is what you're hoping for😂 Interesting interview though✨

[@Higgs000Boson]

Yeah, it was so much blah-blah that I could not finish listening. Did she say anything about profit margins and return on investment?

[@jgg204]

My usps PO box is $118 per year. And has a virtual address that accepts FedEx UPS and Amazon packages, also referred to as "Street Addressing" which also allows you register your business there. And my post office lobby is open 24/7/365 and has package lockers. Why would I rent hers for $20/mo with limited hours for getting mail and packages?

[@andrewhollern]

Because you can’t register a principal address for a business or an individual without a “physical” location. I have my business and individual docs tied to a UPS store address, so customers and stalkers don’t show up at my home (like they have in the past). Plus, USPS is not conveniently located near me and typically has long lines for mail-outs.

[@jgg204]

@@andrewhollern This is false. About 7 years ago the USPS rolled out physical address feature with your PO box subscription. Most post offices across the country now allow you to use their physical street address, to both receive mail and packages and business registration. Look it up, it's called "Street Addressing", you're behind the times. I have had my business registered to the physical address of the post office now since 2018.

[@intelligizeme9199]

P.O. Boxes aren’t good for businesses looking to establish a business bank account, especially businesses funding. It boils down to your businesses needs and your business long term goals.

[@abel4776]

Did you sign a contract with the USPS? You are now owned by them, IRS, ATF, FBI, all have legal authority over you. Give me private box, any day of the week.

[@Higgs000Boson]

Maybe she scans and recycles incoming mail? This would be a huge improvement.

[@acuracy00]

I took her course and it is great. I’m trying to get a store going in St Petersburg FL but rent prices are ridiculous.

[@daimyruizrealtor1683]

Really ? I want to take it but I wasn’t sure if it will be good, I’m in west Palm Beach Fl

[@brittnilie977]

How much did it cost and do you feel like the value is worth it?

[@patelse]

Not all glitter things are gold.

[@isaiahfritz]

True mailbox money 💰

[@Feargamelioncheetahs]

U don’t need a government contract for that

[@jjwe2002]

But aren't virtual mailboxes killing physical mailbox rentals?

[@saulmarquez8989]

How do you receive a virtual package ?

[@CM-sy3to]

Needed for affairs, criminal activity, and people who want to disappear.

[@theshadowless01]

aren't virtual ones emails? That has been around forever.

[@LisaSongSutton]

Nope, we partner with them! For example, we service iPostal from our physical stores too.

[@jjwe2002]

@@LisaSongSutton Thanks Lisa! Btw, we love your mailbox course!!

[@joeshmoe7899]

Survivor bias. How many businesses went under, for this one success story.

[@codacoda565]

My question for Lisa would be how does the new digital dollar and credit card and bank statements going paperless affect her business

[@abel4776]

No effect, so long as they don't force everyone to have up-to-date vaccine passports to have the privilege to transact in digital dollars. Chinese WEF model, social credit score, etc.

[@stephenconnolly1830]

Really interesting insight into US culture, but completely irrelevant to those of us living in a civilised part of the world with a decent and reliable mail system.

[@Buckaroo801]

People need mailboxes today?? 😮

[@automotiveprofessionalsper3960]

We all know why she gets privileges 😅😂.

[@Thisismeofcourse]

why?

[@bvssrsguntur6338]

Looks?

[@ds2911]

Why r you assuming that no one willing to pay for the business? Don’t jump in to conclusions that everyone is cheap. Be responsible for your own actions , ideas or assumptions.

[@ds2911]

The course was not offered. Simply “no reply “

[@peacefreedom4930]

It’s on her website

[@ds2911]

I contacted her location a few times, left messages and she never returned my calls. Unfortunately. I was excited to talk to her and hopefully learn more about her business model, but. It didn’t go anywhere. I Guess talking about her own success and helping to someone it’s not the same thing.

[@OmahaTonyG]

There is nothing more annoying than a person demanding something for nothing.

[@samyin330]

Did you forget to tell her you had at least $10K ready to go to learn the business? It takes money to make money.

[@tradermunky1998]

The self entitlement just oozes in this comment 😂 Her website has a course btw.

[@monkeyfinger7949]

This comment has a really creepy vibe to it. Women are victimized by a lot of twisted men. I don't blame her for not taking your call.

[@AT-lp8qg]

You are not entitled to anybody time just as others are not entitled to yours. We all only have 24 hours a day. I’m a nobody but I wouldn’t pick up stranger phone call either.