How Much Money Can You Make From a Vending Machine - Episode # 197 w/ Kashief Edwards
Kashief Edwards transitioned from a career of serving kids and working in fitness center management to building a vending machine empire! After 6 Years and dozens of Vending machines across multiple states he has uncovered the blueprint on the 23 Billion dollar vending machine industry! In this episode we discuss :
- His transition from traditional employment to uncovering the lucrative opportunity in the vending business.
- The power of location : how to find the right one to fit your revenue goals.
- How to assess the value and ROI of individual vending machines.
- What questions to ask before purchasing vending machines and routes.
- How he was able to utilize the capital earned in his vending business for real estate investments.
- What key statements to make when talking to potential vending location hosts to close the deal.
- Vending location commissions : the numbers behind smaller and larger accounts.
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Show notes:
00:00 Podcast Preview And Sponsored By
01:36 Introducing Kashief Edwards
04:43 The Goal Of Each Vending Machine
11:26 Highest Yielding Machine
16:11 Life Before The Machines
19:31 Commercial Break
20:30 Questions To Ask When Starting
30:45 Route Types
36:09 Finding The First Machine
40:04 Commercial Break
40:57 Credit Or Cash
47:27 Easiest Way To Make Money
54:30 Foods To Stay Away From
1:01:33 Podcast Promo
1:02:27 Sponsored By
1:03:31 Podcast Predictions
1:05:44 Podcast Principles
Timestamped By @TheYouniversityLive
Пікірлер: 175
This all I watch...I barely listen to music anymore because of podcast like this one...keep em Rollin G
@plsoswaggedout
2 жыл бұрын
1000% I was conflicted at first lol
@alistairc7376
2 жыл бұрын
Zach same here bro…
@PreciousSullivan
2 жыл бұрын
Yup lol
@RealSocialProof
2 жыл бұрын
Ayyyyy I appreciate you for tapping into the podcast 🔥! Is there anything from this episode that really stuck with you?
@itsgenes713
2 жыл бұрын
Fax boy!🕯
He the reason I started a vending business 💪🏾
@RealSocialProof
2 жыл бұрын
That's dope 🔥!
@odiep6363
2 жыл бұрын
How has your vending machine business been ? I’m looking to get started
@AAPmoney
2 жыл бұрын
@@RealSocialProof my goal is to one day get on the show
@AAPmoney
2 жыл бұрын
@@odiep6363 it's getting pretty good
@odiep6363
2 жыл бұрын
@@AAPmoney could I pick you brain about the business if you don’t mind ?
Another good video, I have owned vending machines before. The key is high traffic areas the busier the location the more opportunities. I eventually sold them and moved into the next venture. I would suggest it to anyone...
@RealSocialProof
2 жыл бұрын
Thank you for the insight!
@cj2k867
2 жыл бұрын
I’ve found the most successful are either niche or volume based businesses tho not all what it’s cracked up to be
@macavelli8905
2 жыл бұрын
@@cj2k867 great point but it all comes down to solution if you address a problem the rest comes.
So proud to see someone from philly on here! Not all of us make it outta here!!
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast 🔥! Is there anything from this episode that really stuck with you?
I bought his course earlier this year. All though I don’t use or own Snack and Soda machines, I was able to use his information to start Honor Box Vending. Great guy 👍🏾
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast! 🙌🏾🔥What value did you get from this episode?
@moneymanagement7371
Жыл бұрын
How did you get the course?
@Cali_Ice
11 ай бұрын
@@RealSocialProofthe discount code doesn’t work
Another Classic Dave!!! I was in the business for 10 years before I sold my company to pursue more courier opportunities. Extremely good info from the brother. The only part I want the viewers to understand is make sure you have a good repair guy, it's important in this business.
@1hiphopnow
2 жыл бұрын
Do you mean like medical courier
@dldadon1005
2 жыл бұрын
@@1hiphopnow Yes, it's mainly medical. But we move all different products.
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast! 🙌🏾🔥What value did you get from this episode?
@dldadon1005
2 жыл бұрын
@@RealSocialProof I like to hear different perspectives of a situation or business you are familiar with. I love the brother's mentality. Either it's goin work or it's goin work.
@1hiphopnow
2 жыл бұрын
@@RealSocialProof it motivate me into looking for a alternative to my dead end cycle of 9-5
How beautiful for someone to strive and help others
This what I needed to hear and see. Definitely watching again and taking notes.
Got a second job. Using the money to pay down the debt on the machines we bought. :) THANK YOU HERMON DULCE!!!
@RealSocialProof
Жыл бұрын
Happy to hear that! 👏🏾
I’ve been in the vending machine business over 16 years here in Tx. He’s pretty spot on with the info. He’s right there’s more to it than just filling machines
@odiep6363
2 жыл бұрын
Hey I’m looking to get into the business do you mind if I pick your brain about a couple of things ?
@RealSocialProof
2 жыл бұрын
Ayyyy I appreciate you for tapping into the podcast! 🙌🏾🔥What value did you get from this episode?
@iamroyaltv7014
2 жыл бұрын
@odie sure ask away
@iamroyaltv7014
2 жыл бұрын
@david he spoke a lot of truth about the biz that I’ve experienced already. Having an app is a good idea tho
This was a dope cast! Love to see our brothers & sisters doing their thing. This just gave me my confirmation! Thanks guys
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast! 🙌🏾🔥What value did you get from this episode?
@danielleharrison8869
2 жыл бұрын
Ah man he dropped jewel after jewel. Really giving back to the community and helping those out who really wanna get started. Your questions were on point too Dave! When he said he was 32 I was blown away, which is also dope that we figure out life and start young. Appreciate this once again. I will be tapping in!
This video was literally heaven sent . It seems like the vending machine business is so hush hush . Thank you for the information. I think at this point it’s time to just start this thing . Thanks guys
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast! 🙌🏾🔥What value did you get from this episode?
I’m def interested in the vending machine business for sure!
@RealSocialProof
2 жыл бұрын
Let's goooo!
Plan before you invest. It can take years . Right down your plan before, educate yourself. I have so many good business plans written down but watching these videos make me want to start something i always start. There’s always something that hold people back. I’m 41 now and always been afraid. So many obstacles that can hold someone back. Everyday life, no money, no motivation, people not believing in you, single parents…. Bad energy… people around you telling you you’re not able… shit… Great video. I spend my money on things that don’t even matter instead of investing on myself.! This government is setting us for failure. While they get rich from us.
This vending money is nice! Its definitely not passive income though. But it does allow you more freedom with your time.
@AAPmoney
2 жыл бұрын
Def is passive income
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast 🔥! Is there anything from this episode that really stuck with you?
@cordelekid
2 жыл бұрын
@@RealSocialProof I enjoyed this episode. As someone who's in the vending business (in metro Atlanta), what he's saying is pretty accurate. You asked really good question as well.
@RealSocialProof
2 жыл бұрын
Thank you!
Brought his vending course on saturday. His website promised an instant 10% off, but no promo code provided. Still brought course and 4 days later after mutiple emails and calls still no course . Spoke to representative who said he would resend the email. Still no email. I was told the reason I did not get a response was because its a holiday weekend and plus kids were out of school too. I explained to him I understood that but today is not a holiday, and even on a active business day I still received no followup to my emails and it was already the afternoon. Representative got angry and hung up. No link to the course was ever sent, but card was charged.
Love the diversity in the guest…David got at least a hundred different businesses after interviewing all his guest 😆
@RealSocialProof
2 жыл бұрын
😂 Oh absolutely!
@speaksakia
2 жыл бұрын
I said that too! That attention span get so excited! 😂😂
Needed this all I been watching 💯. This podcast gonna help me get down packed for 10 in comes I already got like 5 . This is definitely on my to do list when I get older 💡
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast! 🙌🏾🔥What value did you get from this episode?
Love this guy. His info is always on point w the vendy❤
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast 🔥! Is there anything from this episode that really stuck with you?
Thank you for these 🔥 educational videos 🙏🏽💯
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast! 🙌🏾🔥What value did you get from this episode?
Thank you so much!! Great information
@RealSocialProof
Жыл бұрын
You're welcome! Hope you learned a lot from this!
We appreciate you Dave 🙏🏿
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast! 🔥 What value did you get from this episode?
I bought my book from vending bizz and ever sense I been eating off 5 machines in right location these best routes is 24 hrs locations if u can least get 2 of them 24 hrs locations is great start but u can't give up it's hard
This episode was great. This is my second time watching one of his interviews. The way he goes in details with the free game is tough 💯. I’m working on getting a spot and machine now.
@RealSocialProof
Жыл бұрын
Awesome, thank you!
@nakiaaddison8129
3 ай бұрын
Facts!!
I liked the free snacks for doctors idea. That shit blew my mind. Thinking out the box. Great ideas. Recreation center.. nobody thinks about that
Me and my cousin are going into this business
#LEGEND FR FR LETS BUILLLLDDD YALLLLL ITS OUR YEAR 🙏🏾🙏🏾🙏🏾🙏🏾💚💜🗝🔑
needed this preciate it Mr edwards
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast! 🙌🏾🔥What value did you get from this episode?
great job, keep up the great work. once you know how the business works it becomes alot easier!
@RealSocialProof
Жыл бұрын
Yes, once you learned the ropes! Thanks for tuning in!
Great podcast - the vending machine business is underrated.
@RealSocialProof
Жыл бұрын
I agree! One day this go big and people will go after this!
@classiccookie
Жыл бұрын
@@RealSocialProof I think we are starting to see that more. It will always be a decent income for a side job if you are willing to put in the amount of work up front.
I've been in this biz for over 10 years. I'm ready for my own machines at this point, especially before I exit the business.
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast! 🙌🏾🔥What value did you get from this episode?
@gi-ant864
2 жыл бұрын
To go for your dreams and not worry about what could go wrong, instead what could go right. And, that I need to develop the GI-ant Never Sleeps mindset, even near 40 yrs.old!!!
Sensei dropping game as usual
@RealSocialProof
2 жыл бұрын
Ayyyy I appreciate you for tapping into the podcast! 🙌🏾🔥What value did you get from this episode?
I enjoyed this episode!
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast! 🙌🏾🔥What value did you get from this episode?
Dave was like "nobody eats Doritos?"😳😳 😀😀
@RealSocialProof
2 жыл бұрын
That's wild!
@gi-ant864
2 жыл бұрын
I'm a snack/beverage vendor. Dang near everyone loves Doritos. Nacho cheese and ranch top 2.
@gi-ant864
2 жыл бұрын
I'm a snack/beverage vendor. Dang near everyone loves Doritos. Nacho cheese and ranch top 2.
Man location really is everything 👏🏿 been doing it for a little while out here in los angeles had a few hiccups with fitting in doors and locations falling through still at it though 💪🏿
@RealSocialProof
Жыл бұрын
You got this 💪🏾 Just keep going!
im Ready for this good information
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast 🔥! Is there anything from this episode that really stuck with you?
@brucemilamjr8582
2 жыл бұрын
@@RealSocialProof Dont get your machine before you get your location was gem. The space of location and size of machine is key. more gems was dropped but that was one i liked.
not sure if are aware, but your late 2 podcast are not showing up in apple podcast portal
I see stuff like this and hope things don’t dig too deep to take away from them making money on selling the information in their own master classes. This is definitely a great podcast interview tho
@RealSocialProof
Жыл бұрын
💯💯💯
What happens when the credit card (more likely the debit card) is rejected. Did they just get the product free? Also, should one get insurance for theft or vandalism?
Dave “you have an app” The guy “yup” Dave “whattttt” 😂😂😂
@RealSocialProof
2 жыл бұрын
😂😂😂😂 I had questions!
Peace David I love the podcast, but one thing I ask of you could you wait until the end of the podcast to look on Craig and etc. I believe that hold up the interviews, but I love what you do it's very helpful and thank you.
@RealSocialProof
2 жыл бұрын
Thank you for the suggestion!
please explain to me what a route is.. is it a collective of machines?
Salute 2 The Go Gettas!!
What’s your opinion on loans for machines after finding a good location
🎙Great 💵💵💵Information & Story 📡 Looking at this 💡📺 Nice show 🥇
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast! 🙌🏾🔥What value did you get from this episode?
@CaliforniaRussianRiverBees
2 жыл бұрын
🎙The value ✍️I got was the cost of doing business💵💵 in vending. Location value is very important 💡
Good info yall, Question: Do you have to pay the property owner any money to place your machines on site anywhere?
@RealSocialProof
Жыл бұрын
Yes! You should rent the space.
I watched like 5 episodes in the last 24 hours 😭
@RealSocialProof
2 жыл бұрын
Ayyyyyyy! Lets go! What value did you get from the episodes you watched?
When people refer their monthly income. Are they talking bout net or gross?
@RealSocialProof
Жыл бұрын
Gross income
How am I just seeing this episode!!!
@RealSocialProof
Жыл бұрын
Glad this came across to you finally! How do you find this episode?
Listening....
there are definitely some machines that take apple pay. i have some in my area
@danielleharrison8869
2 жыл бұрын
I’ve used some before. I be tryna Apple Pay myself to death lol
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast! 🙌🏾🔥What value did you get from this episode?
@raphaelmcfarlane6859
2 жыл бұрын
Nayax card readers
Homie remind me of IT from the I Love NY show 🤣🤣🤣
Hit the like button 👍
You gotta get MrFriesMan on here!!!
@RealSocialProof
2 жыл бұрын
Thank you for the suggestion!
Measure machine and space
Find the location then purchase
Great questions.. watching 2023🤣 that means you’re doing a great job
@RealSocialProof
Жыл бұрын
Haha thanks, Joanna!
Why the first thing he say how many ppl do you think shakes your machine 🤣🤣🤣🤣🤣
Lmaooo Khalil Roundtree Doppelganger!
Cool
🔥🔥🔥
I have not had any luck with finding a great location in Calgary Alberta Canada for 8 months is it wrong looking into someone finding me a location
The suggestion box… another idea no one would think about and if we do won’t have the balls to suggest it
We need different vending machine options. I am sick and tired of us selling junk food.
@RealSocialProof
Жыл бұрын
I totally agree! But like what?
@lindamitchell616
Жыл бұрын
That is where the money is though.
pay them with snacks...lol
Who do you get in contact with when you want to place a machine in a place like an airport
@RealSocialProof
Жыл бұрын
Try to reach out to my bro. I'm sure he can help you.
LoL re vending machine at pharmaceutical company was "going crazy".
Take me to the $10,000! lol
@RealSocialProof
2 жыл бұрын
😂 Right now!
User’s older brother Vender
It's a healthy honey bun lol
@RealSocialProof
2 жыл бұрын
I appreciate you for tapping into the podcast! 🙌🏾🔥What value did you get from this episode?
🇬🇧🇬🇧🇬🇧
This is a great and timely podcast, and I love seeing black people win. But @socialproof , are you a low key hater? I’m beginning to notice some stuff…🤨
actually only need to make $2000 a week to reach that goal.
Kashief is giving up real game and Duke is looking at his phone for half if this conversation. #disrespectful
Homie under valued The app should be a one time fee and way higher then 4 dollars
I bought his book 2 years ago, still haven’t bought a vending machine lol. I’m struggling because I’m vegan so I want only healthy snacks😃
@kaliidior3482
2 жыл бұрын
Maybe that could be an idea for you to start. People aren’t used to healthy vending. It’s always junk food! 💡
@RealSocialProof
2 жыл бұрын
Look at you taking action 🙌🏾 I appreciate you for tapping into the podcast! 🙌🏾🔥What value did you get from this episode?
@gi-ant864
2 жыл бұрын
Bought to do some research on that Victoria.