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

[@christophermondoux8408]

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]

You are right !

[@wahoo4uva]

he's already succeeded

[@PhrostyGaming]

@@wahoo4uva success is subjective.

[@cyraxTOOTHisMISSINGhahahahaha]

@@PhrostyGaming true that ✅

[@dha588]

This is awesome. He doesn't have to deal with customers and he still makes money.

[@DROIDFARM]

Nah I do this and believe me you still have to deal with customers.

[@Mobile_Gamer707]

@@DROIDFARM only when you are re loading goodies right?

[@Eric_In_SF]

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]

@@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]

@@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)

[@KarlRock]

Congratulations bro. Nice of you to share how you did it.

[@imfrommars7362]

Dude, big fan! I love your channel!

[@Maxim.Nazarenko]

PewDiePie, I never knew you were into the business with vending machines!

[@cs2forlife]

This is the point I don't understand. If you're good at this business, why would you want competition?

[@crisnmaryfam7344]

@@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.

[@neft5449]

​@@crisnmaryfam7344why haven't they been brought here? Could they even exist here?

[@nishinishi7941]

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]

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.

[@Camden_Carter]

@@MH-ru8he right!

[@Uprising771]

@@MH-ru8he he is inflating his numbers. probably makes around 100k.

[@TheBasketballPlug]

@@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]

@@TheBasketballPlug sure but his average per machine is 2-3 times higher than the average reported by vending companies. Definitely makes a person question

[@Gezen-Adam]

Respect for this gentleman 👏🏻

[@zaprude]

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!

[@SamehKhan]

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]

Also sitting on a vending machine with a wad of cash.

[@eloygameno379]

Trying to unload his machines to you

[@LoveLove-ur8qx]

he gave me hope when I lost all. THANKS to him for the herpes & HIV herbal remedies.( #drehimen ).

[@PaleEntertainment]

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]

yeah I feel the same but somehow it seems like suited him. the way he dress and talk

[@Kosackk]

I wish the best for this guy, he deserves it for working this hard, he hit the jackpot with these machines!

[@fergusflanagan7823]

working hard?

[@0mrflyhat]

@@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]

@@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]

@@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]

@@fergusflanagan7823 so easy why don’t you start doing it

[@AwokenEntertainment]

looked into vending machines for a while, great hustle.. awesome to see his success!

[@Kevn_DJ]

I’ve been following him on Twitter for awhile, he’s always offered advice to others for free. Very helpful guy

[@olympic-ass-eater]

What is his Twitter name?

[@rari2943]

Twitter?

[@Avm371998]

What's his twitter?

[@chrishenson9569]

That’s better than 30,000

[@kingstonstreet3726]

I was about to ask

[@NicholasJames3l]

Investments are the roots of financial security; the deeper they grow, the stronger your future will be."

[@RobertAnthonyD2]

Exactly! With my adviser, I’ve cultivated deep investment roots, strengthening my financial security for the future.

[@JosephEricx2y]

I would love an introduction to an adviser who can help me strengthen my financial roots.

[@RobertAnthonyD2]

My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further.

[@JosephEricx2y]

Thank you for this amazing tip. I just looked the name up and wrote her.

[@shaeidpatwary433]

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]

He´s just scamming people for profit.

[@samruddhasalvi3299]

@@PROVOCATEURSK so he should give away for free?

[@jeannettesanker2845]

@@PROVOCATEURSK how so? what do you suggest he do ?

[@roadrunner9560]

@@PROVOCATEURSK hater

[@jonathangonzalez5474]

Lol. He restocks vending machine. Theirs not much to hide… “transparent” lmao

[@MrProspect23]

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]

Yup and people need to know it don’t happen overnight

[@TruthTellerTV]

You could've already googled that info.

[@llpp202]

Its because any smart business owner knows most people wont do anything with the information.

[@TruthTellerTV]

@@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]

@@TruthTellerTV You would be surprised how much people don't know to begin with

[@maxinef6654]

This is the second guy I’ve watch on this channel that is making over $300k in vending machines. Kudos to this guy.

[@CNBCMakeIt]

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]

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?

[@diverse_insightt.o6499]

Such a stand up guy, you can tell he’s genuinely a good person

[@trinidadinternational]

That's what I was thinking

[@90sK1dFOr3v3r]

That's what you got out of this smh

[@ethanflorio9948]

@@90sK1dFOr3v3r right

[@diverse_insightt.o6499]

@@90sK1dFOr3v3r what’s your problem I already own 2 companies I don’t need a third 😂

[@Festivex1]

@@diverse_insightt.o6499 Just a hater on the internet ignore em

[@gaming4K]

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]

What's your country?

[@williamj2460]

@@brrr40 Zimbabwe

[@swishclub5660]

palestine

[@hiiambarney4489]

I mean that's 5-6k/month clean off In Western Europe that is Upper Management to Doctor levels of income.

[@abm672]

​@hiiambarney4489 doc level for sure its not!

[@Daniel91728]

I really appreciate him sharing all the profits and step by step guide. This is so cool

[@jimbobsmelly]

And now it's my idea 😈

[@sujesh4684]

He seems to be so genuinely nice

[@iloveblackwomen9926]

he says he pay his workers for what do they do dont the machine sell itself

[@jellibellishyjay2603]

@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]

This is the point I don't understand. If you're good at this business, why would you want competition?

[@Chrissieb.rackett]

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]

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]

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]

@@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]

@@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]

@@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.

[@dariosposato289]

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.

[@zacharyporter3637]

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]

Please stop

[@Uprising771]

you spam this garbage everywhere.

[@loyaltyreviews7045]

Amen. I will be successfully wealthy.

[@kenwiley8453]

Auctually They Do Become Successful Overnight When They Have Best Methods for Learning & Connecting Socially

[@Alphae21]

you're wrong

[@StankyPack]

wow i was following this dude on twitter before he started and watching his business grow was dope

[@swift3495]

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]

But he has done something great. He's given people jobs! Way up there on things one can accomplish 👌

[@Stickythoughts]

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]

Literally!!

[@jakeboogey]

Some of the expenses he didn't mention are maintenance on the machines, rent space for the machines, and drive time.

[@donaldlyons17]

@@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....

[@satsky2367]

Super humble and truly hardworking person. Excellent example for people who are trying to make it through.

[@chandler5712]

Never thought about doing this as a cheaper way to start a business. Major props to him!

[@GCVIDEOPOST]

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]

Thank you so much

[@katelynejmont7887]

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]

@@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]

@@GCVIDEOPOST I’m wishing you nothing but success

[@GCVIDEOPOST]

@@Theselfcareking Thank you so much.

[@relaximdointhis]

I know him, he’s such a sweetheart and deserves all of this success. I’m incredibly proud of him!

[@CraftyRocks]

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]

#Plan

[@979259]

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.

[@mabel9701]

Love that it’s not about another KZbinr. Happy that he‘s succeeding and wishing him the best.

[@guiadavid3877]

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]

I agree with you.

[@gabrieldolph508]

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]

@@gabrieldolph508 if this is true

[@samuelteddy.439]

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]

@@samuelteddy.439 Follow his channel 👇👇👇

[@animelovachikk]

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

[@Mack697]

Hallelujah!!! I’m the favorite, $60,000 every week! Now I can afford anything and also support the work of God and the church.

[@joanigw123]

This is what Dailey Carinn Stephanie does, she has changed my life.

[@joanigw123]

After raising up to 60k trading with her, I bought a new house and car here in the US and also paid for my son’s (Oscar) surgery Glory to God shalom.

[@UnpopularFeed]

these bots man

[@columbiajones1534]

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]

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]

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]

@@fallendevonish1869 Yeah. That location issue is huge for sure. Some places are chill with you racking in the dough and some aren't.

[@columbiajones1534]

@@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]

@@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.

[@a-symfony6312]

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]

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]

@@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]

@@a-symfony6312 Let’s go bud! You can do this; keep the flame alive! 🔥

[@a-symfony6312]

@@MultiversalGoat Thax u greatly Ruben, this encouragement is a blessing to my soul and my confidence!!

[@leandersantos2477]

This is inspiring? You must be broke

[@arimax888]

FINALLY! A REAL insight on how to go from point A=B! Nothing embellished so far out it sounds impossible/unbelievable. Well done to him. I wish him continued success and great prosperity. Not many would share their recipe for success

[@ADoseOfSotrendy]

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]

Thank you so much!

[@King-a-ling]

Let's meet up and compare notes

[@psycogus]

I like how you turned your idea into something tangible and profitable. I have been thinking about this sort of business for a while but it is great to see someone actually executing it. I hope you get your Vending machine warehouse

[@amishgamer9780]

Laundromats are also another similir option

[@noeorozco5054]

@@madcityy269 why they failed?

[@Laydee780]

@@madcityy269 I'd like to know more about what they failed as well.

[@madcityy269]

@@noeorozco5054 locations basically. Any location that will make you money is already occupied and you're at the mercy of the surrounding buildings if you find a good spot. If one shuts down, you might as well pack and leave. Like the good location was making him 400 a week and when a nearby bank closed it was done.

[@madcityy269]

@@Laydee780 forgot about this. Check the other reply.

[@BennieY.Jenkins]

When you venture into the world of financial investment, it's important to understand some foundational principles

[@WeweAke]

It simply means the allocation of money toward an asset or portfolio, with the expectation of earning a return over time.

[@Adams52523]

Yes, It a procedure where you allocate money or capital towards buying financial products, expecting to earn a considerable return in the future.

[@harryrobot851]

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]

According to Patricia strain an expert, this can occur through appreciation in the price of the asset, earning interest, dividends or royalties.

[@JacobMcDonald-wb6wl]

Patricia Strain knows it all, how can i reach him please.

[@Opinionatedchic]

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]

Taking more than 100% profit from customers is illegal in many countries.

[@IanSmithKSP]

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.

[@kuryanthomas1438]

this guy has been famous for a while since this first came out, nice to see it featured now on cnbc.

[@Theselfcareking]

Thank you!

[@ryanwithbaobao7325]

I can tell that he is very hardworking and willing to go for something he sees potential. He deserve 3 million sales

[@candyjamaican]

This warms my heart. We live in Japan where vending machines are EVERYWHERE with EVERYTHING being sold; from soup to used underwear’s. We looked into putting one at the end of our street and it wasn’t feasible because of the traffic or lack there of. It seems we’d bearly break even when they did the break down. Good job my dude.

[@shiftautomotive854]

but his math ain't adding up. There's no where you can buy a bottle of coke for 0.55 cents. Where is he getting those prices from?

[@deethra726]

@@shiftautomotive854 Wholesale for businesses?

[@shiftautomotive854]

@@deethra726 he said he shops at Costco

[@shiftautomotive854]

@kennyffx tell me what I missed out?

[@shiftautomotive854]

@kennyffx his profits is nowhere near his expense

[@ShellymanStudios]

He opened my eyes. Wow! I really hope he gets his own vending machine warehouse someday!

[@joesphcu8975]

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]

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]

@@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]

@@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]

@@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]

@@checkforme234 you really be out here respondin to yourself using different accounts lmao.

[@trashandgollc1113]

There's nothing better than seeing somebody succeed! Congrats man and keep grinding. Wishing you the best all the way from Dallas, TX.🙏

[@Felcaster]

Seems like a great guy, so happy he was able to turn a side hustle into a career!

[@miasocialmedia]

I am so inspired and proud of you! Hearing about your success in Philly is huge to me! Thanks for sharing your story.

[@sauravsingh-mu9ib]

The fact that he gave all the numbers with all the ideas and tips genuinely make him a great influencer ❤️

[@TheWebcrafter]

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.

[@ohthechitchat]

He takes care of his sister, many people I know would never dream of that and just lord it over siblings. That impressed me the most.

[@markaustin5229]

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]

You are right, to be a successful person in life require him or her of hard work and time

[@stevewilliams760]

The thing about been successful is working toward it and not going the other way round

[@roycorey7454]

Investing in crypto is the most profitable investment due to its current rise, huge profits and future benefits.

[@johnchris7085]

@DavidLopez-nw3krreal estate is good but crypto is better

[@leonnoble8164]

Yes I'm a living testimony of Anna S Wilson, her platform has also done a great thing for me

[@justinhopper5941]

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]

You actually don't. lots of businesses are just happy to have free machines, that are accessible to the stuff and clients

[@achta8433]

No you don’t have to pay them anything. You can also buy a vending machine with location.

[@justinhopper5941]

@@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]

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]

Plus he could of added vending machine pay location into his expenses

[@brooklyndreams2028]

Well Mr. Gram, you just changed mine. My husband are looking into this little gem as we speak. Thank you for sharing!

[@seekthetruth336]

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]

location! location! location!

[@callak_9974]

Gotta see their books before purchasing their routes then. And tax returns on their business.

[@THIRTEENTH13TH]

@Abhijeet Kundu sounds fun

[@Rayrockny]

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]

@@Rayrockny Usually it's about 7% commission that you pay from what I have read.

[@Theselfcareking]

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/

[@andrewz4313]

This guy is such a positive example. Well done 👏👏👏

[@PROVOCATEURSK]

Sell for 200% profit, sounds like a theft. Nothing positive about it.

[@spencerjones8086]

I love how he broke down his profit margins definitely enough to expand snd cover damages to machines. The hard part for me to figure out is it seems like all the obvious spots are taken now.

[@healthy_palace]

Really inspiring! Thanks for sharing!

[@dirtroadsandwoodstoves]

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]

its fake. he makes 90% of his money now from his instagram.

[@henning_u]

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]

you repeat the same comment on every page?

[@iambeter]

@@mitchellluce2932 how do you know this?

[@mitchellluce2932]

@@iambeter easy, I'm omniscient. Also nice profile pic.

[@fredgrave2153]

$300,000 in REVENUE, not PROFIT. Look at the chart at 1:26 and it says Gross Sales, which does not subtract the Cost of Goods Sold, Cost of Machines, Commission, Credit Card Fees, Payroll (Perhaps 4 employees since machines are in 4 cities and he only works 4 hours per week?), repairs, the cost of moving a vending machine, and annual expenses like insurance, annual report, etc... I'm very curious what his actual profit is. Still, I'm sure he has an impressive salary and I'm happy for him! I just think this video is misleading people into thinking that he made $300,000 in PROFIT. Profit and Revenue are very different. Congratulations nonetheless!!!

[@MrNatsuka]

there is a part where he stated profit is 50%, it is a very good business.

[@UnknownUser69698]

The biggest thing people need to keep in mind whenever there are these videos bragging about how much their 2 hour per week business "earns." And with these hugely over saturated money making methods, it's only like the top 1-5% who actually make significant amounts of money

[@megannyabawa3369]

Well done CNBC make it! The success story is clear, inspiring and easy to follow

[@madfes5941]

Well said, but i think we can discuss this topic!

[@alastairhewitt380]

I love that he cares about other people. You don't need to make more than 500k a year. If you are doing well and there is room for other players to enter the business then there is no sense in hoarding industry secrets for greater profits. I am so happy that he is doing the moral thing and doing well while doing it.

[@bc_usa]

What moral thing? Jesus doesn't owe anyone anything.

[@cristianflores1588]

Japan would definitely hire this guy. I mean there’s vending machines everywhere there.

[@wanglei7182]

I realized that the secret to making a million is saving for a better investment. I always tell myself you don't need that new Maserati or that vacation just yet. That mindset helped me make more money investing. For example last year I invested 80k in stocks (with the help of my Financial Advisor of course) and made about 246k, but guess what? I put it all back and traded with her again and now I'm rounding up close to a million.

[@charlotteoldbury2013]

Yeah! every $1 you invest today is a little bit of time that you buy back in the future, the more you invest, the more free time you can afford in the future, having time and the freedom to choose what to do are the ultimate investing goals.

[@charlotteoldbury2013]

The pandemic came and taught me the importance of having multiple stream of income, unfortunately having a nice paying job doesn't mean you are financial secured anymore. So we all need to put in an extra- income earning chance, like bitcoin, stocks bonds real estate .

[@heinvu4229]

@@charlotteoldbury2013 True! Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. The stock market has plenty of opportunities to earn which I myself took advantage of. I made my first million from going diverse, mainly ETFs(stocks, bonds etc), bitcoin , and gold. I'm also working on an investment plan that includes NFTs with my advisor, Katie . It's been a year and half of steady growth.

[@estherramirez4116]

@Tran Nguyen What actually the idea behind this bitcoin investment,I have been watching some videos and I was thinking about investing in bitcoin , but still don't know where to start from

[@elisabethhamilton1048]

@@estherramirez4116 Same here ,It's strange how people talk about all the profits, they've been making through investing in bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.

[@onewheelisbetterthan2]

Wow I never would have thought about this... it's really smart. I once had a boss that had his own chair and umbrella business on the beaches in Florida. That dude was bringing in about 1500 to 2000 dollars a day and had 25 beaches. He would pay his workers 75 dollars a day one per beach. This dude was a millionaire and all he did was sit on the beach everyday. I always thought he was a genius but the vending machines is a grand idea also. I love the creativity

[@theplacesigo4169]

I have a few business ideas I want to try for myself, and this has inspired me to look into the vending business. Really cool video.

[@zainahmed6502]

Ideas will always stay ideas if you dont do anything with them, Just pick one and go for it. Even if you fail, you can always learn from your experience for the next one. Good Luck!

[@theplacesigo4169]

@@zainahmed6502 Good words. Thank you!

[@annmannings1840]

Great video❤️ I hope everyone gets rich

[@doragary3717]

Yeah! But we can't get rich overnight right? Getting rich comes with multiple INVESTMENT but we all have to start from somewhere!

[@josephfrys6969]

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]

@@josephfrys6969 I've heard alot about crypto currency investments and how effective it can grow your income! Any recommendations on a guide?

[@adamsgreen4220]

@Mrs Trust NOBLE Thanks so much for the recommendation, I will look into it.

[@djeechizzy9818]

I heard so many millionaires like Mr elon are investors in the crypto space

[@paulk4167]

You are awesome!!!!!!! You inspired me to start my own business!

[@justindevine6889]

Good luck my friend! 🎉

[@AwokenEntertainment]

how's it going??

[@Moon-zk1gj]

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]

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

[@Theboardbro]

Another fantastic and interesting video!!

[@katelynejmont7887]

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?

[@Sidious6460]

It seems like everyone I've ever met or seen talk about having a vending machine business say these videos really skew the reality. All kinds of issues getting space and maintaining machines, plus it being a very demanding job, not passive at all. This guy hustling so good for him.

[@pla4825]

I’m very proud of this young man I want to get involved with the vending machine business 😊

[@jthummell]

My favorite person you interviewed so far! Down to earth and has a great back story!

[@bobbyrabbit9650]

Seems a nice dude who worked his hustle well and knows his market. Respect

[@DFyffe]

For every successful businessperson in vending there are so many disillusioned /failed efforts..... so yes, despite how easy he makes it look, 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. And yet young dude doubled and tripled his revenue across 3 flippin states. Much respect. To grow further into the 1 to 5 mil range is going to require decentralized organization that may be somewhat uncomfortable but I'm sure he'll adjust.

[@crisnmaryfam7344]

Take a look at Japanese Vending machines. They are so cool and popular that they are a Tourist Attraction.. Hot Coffee in a can, Cold snacks, Pizza, Ramen.. You name it. If america would step up to that, many of these small guy machine operators could make tons of money. With those machines and proper locations 1- 5 mil would be very doable. They have a spot that has over 100 machines in a single place with everything form "burgers to umbrellas" "Vending Machine Extravaganza in JAPAN: Over 100 Machines Selling Everything from Burger to Umbrella" /watch?v=nyl-RDs-IC0

[@JPumpkinKing]

I LOVE rags to riches stories, where the person has worked hard to get where they are and didn’t follow the cultural norm or get handed money to start out. WAY TO GO!!!

[@damo5791]

Great story, great video. This guy is so likeable. Happy for him. Wishing more success for him and his family.

[@TheAlijamaica]

I love how to the point this video is! Major props on your success!

[@BUTTA170]

Congratulations on the success. Well deserving of a good man and a solid business!

[@PROVOCATEURSK]

Buying for 0.6 and selling for 1.5 is a theft.

[@BUTTA170]

@@PROVOCATEURSK just how business works

[@mzingayemubaya4096]

So wholesome ... Nothing Crazily outlandish JUst a guy who saw an opportunity and worked at it Good on him

[@michellepitzer9774]

Good for you Marcus! I hope your business continues to profit for years to come.

[@twsinc7662]

Never understand why they always talk about how much they “made/grossed”. The only thing I care about is how much “Net” profit there was. Big difference between the two!

[@tanveersingh5051]

He said about 50%. I agree net is the most important, but at least he provided both the numbers

[@stre8media167]

Hater

[@rlouis215]

You want to know net just do the math if he bringing in 300k. Now go from there

[@robertrouillier6319]

@@jacobking3706 He's not making anywhere close to that.

[@lifeofdyme4057]

Same

[@Lol-cl3kh]

That's a blessing that he is able to blessed to be able to do that for his family and himself.

[@Myeternalperspective]

My man, congrats!

[@Theselfcareking]

Thank you!

[@stevenrankin6455]

But this cat seems like A GREAT GUY👊🏻 he is straight up

[@XCCCUnknown]

This is one of the most inspiring videos I've ever watched in a very long time.

[@Kimchi_Studios]

Overhead, depreciation, etc...what is the net income

[@kenogu436]

Did you not watch the video! He takes home 50 percent of the revenue after all expenses.

[@gauravbansal1762]

Good Stuff, didn't knew vending machines have this much potential.. kudos to you bro!!

[@charliej766]

This is why I love the US. Here, the only ceiling is you! He’s building his empire one snack at a time. I love it!

[@millerdavis1729]

I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $60k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas.

[@rheekim7854]

Investing in stocks is a good idea, a good trading system would puts you through many days of success.

[@mengmanyuen7186]

I agree with you dear, stock is the most profitable venture I ever trade in, I reached my goal of $20,000 in just weekly basis earning, setting realistic goals is an essential part of trading

[@kelvinmuller5586]

I have always wanted to trade crypto for a long time but the volatility of the way it is been traded is so confusing to me

[@henryrolandchristian9512]

Wow I'm just shocked right now because I just heard the same name of this great expert called "Mr Axel Merk"

[@hendrikusjoop9550]

That's impressive. Are you giving him your money or it does stay in your trading account? What's really the idea behind copying trades

[@crashc4409]

im glad see black man doing so well in life.

[@DonnieHudson]

I’m operating 25 machines, all in large high schools. I’m generating around $375K per year. Cool video - very informative!

[@adrianaurreaa]

how do you put them in high schools? who do you speak to?

[@DonnieHudson]

@@adrianaurreaa every state and district is different, but here it’s up to the principal. If they get on board, they have authority. After I got in 2 big schools, I used data and payouts to land 7 more.

[@TheGarNelson]

5.9% of every credit sale goes to the card reader company plus the $10 a month in Service fees every month, state and federal taxes, sale tax, and possible 10% commissions. In iowa we have 5 cent deposite for soda. His company might gross $300k a year he’s probably netting $30k. 21 machines at $300k a year is stupid impressive though. I grew up in this business and am 32 now. More people are getting into vending bc they see videos making this business look easy. A majority of those people get a rude awakening on how much time it takes to be successful and give up on it, losing the trust of the business or customers they had which makes it harder for the next company that takes it over to gain the trust in their machines.

[@robertrouillier6319]

I don't know if they verified this income. 21 Machines making that kind of money means he needs to restock most of his locations on a daily basis. I own 32 Vending Machines making around $200k revenue, and you are correct. When you break down the costs associated with it, the margins are nominal at best. If I make $1 in vending, 5.95% goes to Nayax, 7.5% goes to sales tax, and (my margins are pretty good) around 25-45% goes towards COGS (cost of goods sold). Take into account repairs (We have a technician we pay $15/hr.) business insurance ($225/mth), wages for 2 employees making $15hr, a van, ect, we are only taking home around 30-40% as profit.

[@vmtl4659]

You are right !

[@nikodemreid2128]

The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. >

[@charlestancred6181]

I agree! That's why it is advisable that you have to invest while you still have a regular job or earn a regular income, and do it constantly. You still need to have something that will keep you going even if you're investing. Good financial planning and money allocation are the keys.

[@jorjabertie3466]

The market is volatile at this time, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

[@bonifaciomazzanti1251]

@@jorjabertie3466, Yeah you're right, It would be more beneficial and yield more profit if you actually traded I've been trading since the dip, I've made so much profit trading, the only reason I don't feel the pains more.>

[@jorjabertie3466]

@@bonifaciomazzanti1251 This is really impressive, who is this advisor?

[@bonifaciomazzanti1251]

@@jorjabertie3466 Nah I receive signals from my coach 'Cintra V. Bedassie, and I've made a lot of profits.>

[@aedinquinn3140]

You are absolutely correct that repair & maintenance is never addressed. Aedin

[@youssefmalki3155]

When he broke down the numbers, it seems like he skipped the renting and how much it costs, unless he managed somehow to put his vending machines wherever his want for free, wich seems unlikely; Other than that, kudos my friend!

[@Theselfcareking]

It’s very likely. Most don’t pay any rent or commission. Most people who aren’t in the business makes the same assumption as you

[@youssefmalki3155]

@@Theselfcareking Well I did not know that, thanks Marcus I really appreciate it! Good luck.

[@paulywang]

@@Theselfcareking thanks for explaining

[@onebraincellleft2563]

My old job didn't charge rent. Because the vending machine was doing us a favor since we didn't have to provide employees with catered meals anymore. Cheap lol

[@lt6986]

I wonder how much of this Is actual profit aka after paying off all the expenses like buying the soda/snacks, annual maintenance, and paying his employees. EDIT: He said that only 50% of revenue is profit.

[@louisazraels7072]

This is nice but we're not given much details. I'd be interested to know how this guy negotiates with property owners when he puts machines inside buildings (they usually get a cut) The financial breakdown doesn't seem to take into consideration things such as regular maintenance and replacement

[@richardmatthews7489]

yep, he would also need to pay rent to the sites.

[@therealsyxx]

Exactly...... it's not easy to do. I researched this 2 years ago.

[@pappythegoat]

Most places actually don’t want a commission and if they do you negotiate it. I actually went to high school with this brother he’s legit.

[@tdrm]

If you're good then you get the property owner to pay you for the privilege of having the vending machine there. It's a service after all - it's constantly restocked and makes lives of the buyers better. So it raises the value of the property.

[@alfs5303]

@@tdrm but you are using their electricity to refrigerate the drinks…that can’t be cheap.

[@realnewsthatmatters9319]

One important detail that wasn’t mentioned (one of many). Is how much of your profit do you have to share with the location where the machine is in use? The machine is constantly using electricity which creates a higher bill for the location, so what’s in it for them?