How I Turned Vending Machines Into A $300K Business | On The Job
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
Congratulations bro. Nice of you to share how you did it.
@imfrommars7362
Жыл бұрын
Dude, big fan! I love your channel!
@redskycinema24566
Жыл бұрын
Haha what a surprise I watch you channel regularly
@Maxim.Nazarenko
Жыл бұрын
PewDiePie, I never knew you were into the business with vending machines!
@cs2forlife
9 ай бұрын
This is the point I don't understand. If you're good at this business, why would you want competition?
@crisnmaryfam7344
9 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.
Respect for this gentleman 👏🏻
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
Жыл бұрын
Also sitting on a vending machine with a wad of cash.
@eloygameno379
Жыл бұрын
Trying to unload his machines to you
@LoveLove-ur8qx
Жыл бұрын
he gave me hope when I lost all. THANKS to him for the herpes & HIV herbal remedies.( #drehimen ).
@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
Жыл бұрын
yeah I feel the same but somehow it seems like suited him. the way he dress and talk
I wish the best for this guy, he deserves it for working this hard, he hit the jackpot with these machines!
@fergusflanagan7823
Жыл бұрын
working hard?
@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
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
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
Жыл бұрын
@@fergusflanagan7823 so easy why don’t you start doing it
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
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 $40 a week. In fact, one vending site says a person would need 75-100 machines to pull the numbers he's claiming. Sooo, either this guy has figured out how to mine gold with his vending machines or this video is telling us crap. Don't believe everything you hear on the internet. If vending machines were this profitable everyone and their mom would be doing it.
@witty401son
Жыл бұрын
@@MH-ru8he right!
@Uprising771
Жыл бұрын
@@MH-ru8he he is inflating his numbers. probably makes around 100k.
@TheBasketballPlug
Жыл бұрын
@@MH-ru8he you talk about the avarage, there is the top , avarage , low . If the avarage is 300/600 the top gonna be 600/1200 or more cause we don't how much he make it. You can start a tons of business with just 100$ bucks but no one did cause no one want to put all the effort in it
@MH-ru8he
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
This is awesome. He doesn't have to deal with customers and he still makes money.
@DROIDFARM
Жыл бұрын
Nah I do this and believe me you still have to deal with customers.
@Mobile_Gamer707
Жыл бұрын
@@DROIDFARM only when you are re loading goodies right?
@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
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
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)
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
Жыл бұрын
What's your country?
@williamj2460
Жыл бұрын
@@brrr40 Zimbabwe
@swishclub5660
2 ай бұрын
palestine
@hiiambarney4489
Ай бұрын
I mean that's 5-6k/month clean off In Western Europe that is Upper Management to Doctor levels of income.
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
Жыл бұрын
He´s just scamming people for profit.
@samruddhasalvi3299
Жыл бұрын
@@PROVOCATEURSK so he should give away for free?
@jeannettesanker2845
Жыл бұрын
@@PROVOCATEURSK how so? what do you suggest he do ?
@roadrunner9560
Жыл бұрын
@@PROVOCATEURSK hater
@jonathangonzalez5474
Жыл бұрын
Lol. He restocks vending machine. Theirs not much to hide… “transparent” lmao
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
Жыл бұрын
You are right !
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
Жыл бұрын
Please stop
@Uprising771
Жыл бұрын
you spam this garbage everywhere.
@loyaltyreviews7045
Жыл бұрын
Amen. I will be successfully wealthy.
@kenwiley8453
Жыл бұрын
Auctually They Do Become Successful Overnight When They Have Best Methods for Learning & Connecting Socially
@stinkymonkey1725
Жыл бұрын
me too
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!
looked into vending machines for a while, great hustle.. awesome to see his success!
I’ve been following him on Twitter for awhile, he’s always offered advice to others for free. Very helpful guy
@olympic-ass-eater
Жыл бұрын
What is his Twitter name?
@rari2943
Жыл бұрын
Twitter?
@Avm371998
Жыл бұрын
What's his twitter?
@chrishenson9569
Жыл бұрын
That’s better than 30,000
@kingstonstreet3726
Жыл бұрын
I was about to ask
Such a stand up guy, you can tell he’s genuinely a good person
@jamesthornock8214
Жыл бұрын
Amen.
@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
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
Жыл бұрын
@@DokesConspiracyNetwork he is not forcing people to buy it.
@willn8664
Жыл бұрын
@@DokesConspiracyNetwork yeah because he's going to make more money off of apples and bananas, genius.
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
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
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
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
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.
@simonfes3770
Жыл бұрын
@@checkforme234 Interesting, I curiously searched her full name on my web browser and I came across her site thankfully. She looks impeccable.
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
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
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
Жыл бұрын
@@kenanporubsky2122 stop responding to yourself usin different accounts bro
@XpertSwami
Жыл бұрын
@@nickg5819 lmao
@BladeStar420
Жыл бұрын
1700 likes for a bot comment ARE YOU KIDDING ME KZread
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
Жыл бұрын
Yup and people need to know it don’t happen overnight
@TruthTellerTV
Жыл бұрын
You could've already googled that info.
@llpp202
Жыл бұрын
Its because any smart business owner knows most people wont do anything with the information.
@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
Жыл бұрын
@@TruthTellerTV You would be surprised how much people don't know to begin with
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
Жыл бұрын
I agree with you.
@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
Жыл бұрын
@@gabrieldolph508 if this is true
@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
Жыл бұрын
@@samuelteddy.439 Follow his channel 👇👇👇
Super humble and truly hardworking person. Excellent example for people who are trying to make it through.
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
I really appreciate him sharing all the profits and step by step guide. This is so cool
@jimbobsmelly
Жыл бұрын
And now it's my idea 😈
@sujesh4684
Жыл бұрын
He seems to be so genuinely nice
@iloveblackwomen9926
Жыл бұрын
he says he pay his workers for what do they do dont the machine sell itself
@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
9 ай бұрын
This is the point I don't understand. If you're good at this business, why would you want competition?
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
2 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
2 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
2 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.
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
Жыл бұрын
But he has done something great. He's given people jobs! Way up there on things one can accomplish 👌
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
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
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
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
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
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.
Once again, everyone loves when someone who is not a KZreadr is featured. Love Marcus’ story and have no doubt he will reach all of his goals!!!
@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
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
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
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
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.
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
Жыл бұрын
location! location! location!
@callak_9974
Жыл бұрын
Gotta see their books before purchasing their routes then. And tax returns on their business.
@THIRTEENTH13TH
Жыл бұрын
@Abhijeet Kundu sounds fun
@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
Жыл бұрын
@@Rayrockny Usually it's about 7% commission that you pay from what I have read.
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
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
Жыл бұрын
Thank you so much
@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
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
Жыл бұрын
@@GCVIDEOPOST I’m wishing you nothing but success
@GCVIDEOPOST
Жыл бұрын
@@Theselfcareking Thank you so much.
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
Жыл бұрын
Thank you so much
I am so inspired and proud of you! Hearing about your success in Philly is huge to me! Thanks for sharing your story.
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
9 ай бұрын
You are right, to be a successful person in life require him or her of hard work and time
@stevewilliams760
9 ай бұрын
The thing about been successful is working toward it and not going the other way round
@roycorey7454
9 ай бұрын
Investing in crypto is the most profitable investment due to its current rise, huge profits and future benefits.
@johnchris7085
9 ай бұрын
@@DavidLopez-nw3krreal estate is good but crypto is better
@claresmithy4667
9 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.
Never thought about doing this as a cheaper way to start a business. Major props to him!
Such a genuine, humble, pure guy!
I know him, he’s such a sweetheart and deserves all of this success. I’m incredibly proud of him!
Love that it’s not about another KZreadr. Happy that he‘s succeeding and wishing him the best.
wow i was following this dude on twitter before he started and watching his business grow was dope
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
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
Жыл бұрын
No you don’t have to pay them anything. You can also buy a vending machine with location.
@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
7 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
7 ай бұрын
Plus he could of added vending machine pay location into his expenses
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
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.
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.
Good Stuff, didn't knew vending machines have this much potential.. kudos to you bro!!
This is the second guy I’ve watch on this channel that is making over $300k in vending machines. Kudos to this guy.
Really inspiring! Thanks for sharing!
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
Жыл бұрын
#Plan
There's nothing better than seeing somebody succeed! Congrats man and keep grinding. Wishing you the best all the way from Dallas, TX.🙏
Awesome job! Thank you for sharing all your amazing ideas. Super happy for your success! Wish you so many more wonderful things to come!
Seems like a great guy, so happy he was able to turn a side hustle into a career!
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.
Awesome. Keep going!...and too, keep building up your KZread channel as well. You have so much potential to help people there too. Great job👍
What a grind. Bless you man! Only more and more success!!!
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
Жыл бұрын
Literally!!
@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
2 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....
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
Жыл бұрын
Taking more than 100% profit from customers is illegal in many countries.
@IanSmithKSP
9 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.
Most informative video I've seen yet on this. Thanks for the transparency bro!
I really like this guy. He's a real stand up guy. Wishing him all the best.
Kid got raised up properly. He’s got a real good head on his shoulders. Great job on the parents. He’s a good family guy. Love to see it.
@PROVOCATEURSK
Жыл бұрын
Would you sell your family a 1000 dollar PC for 3000? That´s his tactics, taking too much money from hard working people.
Well done CNBC make it! The success story is clear, inspiring and easy to follow
@madfes5941
Жыл бұрын
Well said, but i think we can discuss this topic!
Congratulation my man. Hard work always pays off, now time to continue innovating and growing your business ✌
Well Mr. Gram, you just changed mine. My husband are looking into this little gem as we speak. Thank you for sharing!
The fact that he gave all the numbers with all the ideas and tips genuinely make him a great influencer ❤️
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.
My boy!!! Way to go out and get it! The right way. Nothing but praise for this young man.
This is one of the most inspiring videos I've ever watched in a very long time.
I love how to the point this video is! Major props on your success!
Thanks for the update.
@ardathwojteckitl
2 ай бұрын
Te/e gram
@ardathwojteckitl
2 ай бұрын
@Rolandostrategy THAT IS HIS USER NAME
@ardathwojteckitl
2 ай бұрын
please make sure you write the USER NAME complete and He's verified
@BernieDoyle-dh7qj
2 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
2 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...😊
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.
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
Love it... But here is the (frustrating) issue that I have with these stories/reports: They don't focus on the nucleus of the business. The trick part. The thing that really matters. What makes it work... For instance in this report the focus is on the stocking of the machines and getting the machines. Yet I don't really care about that. The true aspect of the business is how he is able to get the locations for the machines! That's what I want to learn more about. How does he get the locations? How is he able to get his machines in high traffic places. What is his selling point? Is it a mutual benefit situation in which the location owners welcome the machines to make their own business more attractive or do the location owners ask for rent? Otherwise, love what he is doing.
@jayarr7076
Жыл бұрын
Get your effin suit on and polish your shoes boy, get a haircut and walk in with a smile and explain your business model in a simple yet powerful, positive manner and you'll get those locations too hommie. Peace!
@Ctozzy95
Жыл бұрын
Because these are just brief interviews, they not tryin to break down the entire business model for you. That’s for you to do that’s what researching is about. If he sat and talked about “what makes it work” you’d have days worth of video to watch
@AmbitiousKells
Жыл бұрын
These CNBC videos aren't meant to be full courses on how to run a business, it's just meant to give a glimpse into small businesses. You're asking him to just hand you valuable business information. You either need to hire him as a consultant for this information or do the foot work yourself. "KZread university" has made people entirely too lazy and entitled.
@talitatomas6609
Жыл бұрын
@@jayarr7076 that's right. Work on your magic that's how..
@y.r.9401
Жыл бұрын
Right!!
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
Жыл бұрын
Laundromats are also another similir option
@noeorozco5054
Жыл бұрын
@@madcityy269 why they failed?
@Laydee780
Жыл бұрын
@@madcityy269 I'd like to know more about what they failed as well.
@madcityy269
Жыл бұрын
@@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
Жыл бұрын
@@Laydee780 forgot about this. Check the other reply.
Congrats - soo much respect to you!! Keep rising 🙌✨
very kind of you to share your margins! i have no doubt you have inspired someone to start their own company.
He opened my eyes. Wow! I really hope he gets his own vending machine warehouse someday!
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
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
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
Жыл бұрын
@@a-symfony6312 Let’s go bud! You can do this; keep the flame alive! 🔥
@a-symfony6312
Жыл бұрын
@@MultiversalGoat Thax u greatly Ruben, this encouragement is a blessing to my soul and my confidence!!
@leandersantos2477
Жыл бұрын
This is inspiring? You must be broke
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
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! 👍
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
Жыл бұрын
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
Жыл бұрын
@@shiftautomotive854 Wholesale for businesses?
@shiftautomotive854
Жыл бұрын
@@deethra726 he said he shops at Costco
@shiftautomotive854
Жыл бұрын
@kennyffx tell me what I missed out?
@shiftautomotive854
Жыл бұрын
@kennyffx his profits is nowhere near his expense
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
Жыл бұрын
Thank you so much!
@King-a-ling
Жыл бұрын
Let's meet up and compare notes
Amazing story. So awesome how he helped his family.
Congratulations. I love that you’re all about inspiring and teaching others and changing lives. Eye on the prize!
I can tell that he is very hardworking and willing to go for something he sees potential. He deserve 3 million sales
This is amazing bro proud of you very motivating 🙏🏼
Thank you for the info 👑. Keep going up man. Looking forward to watching and learning more. ✊🏿✊🏿
Dope video, definitely inspiring. Keep up the good work brother. 🙏🏾
This guy is such a positive example. Well done 👏👏👏
@PROVOCATEURSK
Жыл бұрын
Sell for 200% profit, sounds like a theft. Nothing positive about it.
God bless your heart brother. Well done!
I loved this! I've been hearing about owning vending machines for a couple years now (from EYL). Once you find a great location, then you have good chances of being successful.
this guy has been famous for a while since this first came out, nice to see it featured now on cnbc.
@Theselfcareking
Жыл бұрын
Thank you!
My favorite person you interviewed so far! Down to earth and has a great back story!
Omg This is just what I needed. I had no idea this was possible. Thank you
What an inspiration! I'm so proud of him!
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
9 ай бұрын
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
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
Жыл бұрын
its fake. he makes 90% of his money now from his instagram.
@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
Жыл бұрын
you repeat the same comment on every page?
@iambeter
Жыл бұрын
@@mitchellluce2932 how do you know this?
@mitchellluce2932
Жыл бұрын
@@iambeter easy, I'm omniscient. Also nice profile pic.
Awesome, brother.. Much love to him for sharing his success
So wholesome ... Nothing Crazily outlandish JUst a guy who saw an opportunity and worked at it Good on him
I’m very proud of this young man I want to get involved with the vending machine business 😊
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
Жыл бұрын
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
Жыл бұрын
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
Жыл бұрын
@@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
Жыл бұрын
@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
Жыл бұрын
@@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.
Man you deserve it no doubts about that! Keep the grind going 🙏
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.
Love this!!! Thanks for sharing!
@Theselfcareking
Жыл бұрын
Thank you for watching!
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Жыл бұрын
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Жыл бұрын
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Жыл бұрын
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Жыл бұрын
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Жыл бұрын
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