We got off to a rocky start but COME BACK INCOMING. Still nailing down the format for these vending machine video updates soon they'll be as big of bangers like the Turo series back in the day haha. What's your summer side hustle and how's it going? Build A Financial Plan In Minutes and Try Playbook FREE For 7 Days: www.helloplaybook.com/financialwolf
Hi wolf, So I owned 17 vending machines all in good locations here in South Africa. My biggest down fall was giving out free product. My advice as nice as it is. It’s business every cent counts
Building wealth indeed requires good habits, like investing in solid opportunities such as digital currencies. Having a reliable investment manager and broker is crucial for making informed decisions and managing risks effectively.It's wise to seek out certified professionals who can provide efficient management.With diligence, descipline and the right guidance, success in wealth-building becomes more achievable.
I'm curious to know more about the expert broker you're considering. Could you share some details about their experience and why you believe they might be a good fit for people’s trading.
looking forward to revenue numbers after credit card machine fix, not sure if people carry cash these days, as getting cash is a pain. Thanks Financial Wolf for the video!
I saw this new vending machine trend about perfume vending machines where you pay the machine €1, then you get 1 ‘pump’ of parfume. maybe that is something you could make a video about?
double down on the coke obvi, and cheapest isn't always best, also i think this strategy you're doing now is better for a hotel, also NEED to put coffee in there starbucks
How about a vending machine at amusement parks and other places where people could need sanitary products, diapers, pacifiers and other "must have often lost" products
I just feel like an apartment complex isn’t really a good location, I mean how many times have you guys left your apartment to get something at the vending machine? I feel like a better place would be like in a break room at a work place
Thanks for the content! Keep up the work, really liking the vending machine vids. I suggest you also try window and car washing, would be interesting to watch your experience.
Anyone with the mind to sell toothbrushes not in their packaging in a vending machine, deserves to fail in business. Nobody in their right mind is ever going buy a toothbrush like that. If you can’t even figure out it’s not a good idea to sell toothbrushes without packaging than i don’t think im taking financial advice from you either.
you could have asked chatgpt : Here's a concise list of 20 products between $1 and $5 that could be suitable for a vending machine in a senior citizen apartment building: Bottled water Granola bars Trail mix Fruit cups Instant oatmeal packets Sugar-free candies Low-sodium crackers Single-serve soup cups Tea bags Instant coffee packets Small packs of tissues Travel-size hand sanitizer Reading glasses (low magnification) Crossword puzzle books Stamps (in small quantities) Small notepads and pens Single-dose pain relievers Dental floss Small tubes of hand lotion Single-serve portions of nuts
I am interested in doing vending machine business. Can you make a video step by step how to start this business? Such as how to get permission for the location, where to get this huge machine and delivered to the location. How much do you charge for the snack and drinks. how much do you need for each step.
I have a feedback suggestion sticker on the machine. I talked about it on camera but cut it from the video since it has my actual phone number on it lol
How much was the vending machine? $325/mo is the equivalent of having a 3% yield dividend stock portfolio with a value of 130k. 130k * .03 = 3,900/12 = 325
Not to be “that guy” but compound interest isn’t making u rich. Especially investing $65/month for 40 years. That $400k+ is in the perfect world, money doesn’t lose value ($20 today gets you nothing compared to 40 years ago) inflation, markets never drop, times never get tough and you don’t have the $65 for that month it all makes a huge difference. Compound interest can keep you rich tho, if you have $500k-$1mil to invest you can generate $1500-3000 month over month completely passive not guaranteed ofc but if you get what I’m saying compound interest isn’t going to make you rich, but if you are rich It’s a good way to generate income
Sees kids coming to buy from vending machine. Gives free snacks. 10:08 “I’m going to try to find a way to sell alcohol, cigarettes or lighters.” 😂😂🤦🏻♂️
been watching for couple years bro. need something online and stick to it. ik more ideas like this better for content, but stable online business better for longevity and will bring more cash
haha man yeah i don't really give out free stuff at my gas station, i gave this guy a free bag of ice one time because he seemed like he wanted his beer to be cool when he got home so i said why not. Then just about every time he comes now he always asks for a free bag of ice. That's just the way it is. But that is good to hear your giving back to the community. But just beware when you give out something for free they will always come back asking for more.
You shouldn't sell alcohol or cigarettes because under age kids might purchase them without parent's permission. You have to ask for IDs in person for those items. It's hefty fine and arrest if somebody under age purchase it and you are the one selling it.
// with the power of AI. - The vending machine business is not performing well, with only $59 collected in two weeks, indicating poor sales of current products. - The owner plans to improve sales by replacing poorly selling candy with hygiene products, but feedback from residents reveals these products aren't needed due to free city supplies. - Adjustments are made based on resident feedback, replacing hygiene products with popular snacks and considering items like wine coolers, cigarettes, and lighters for better revenue. - Despite low profits, the owner calculates the potential long-term growth of small monthly profits through compound interest, emphasizing the value of consistent investment. - Future strategies include adding a credit card reader to boost sales, testing new product selections, and maintaining resident engagement to build customer loyalty and increase revenue.
3 месяца назад
Maybe you should buy your products from sams club or some other wholesaler.
Hey bro, just applied to your Ebay thing and maybe I can help with some Pinterest marketing if I don't get the listings position. Just thought I'd let you know here in case you don't check your email much, thanks man!
Thought about doing vending machines myself but didn't want to have to deal with the LLC. I think a vending machine with alcohol in a bar or at a resort where only 21 and up is allowed could work.
It’s easy to get an LLC also you don’t need one for a location nobody is gonna press somebody with one machine making money the gov has better things to be stingy about
Them kids got you. I woulda said no after one free thing. Or told bro gimme what you got and ill just hand you what you're buying. Now they gonna come out every time you are there. lol
![Businesses that Always Fail? 7 Businesses with Shockingly High Failure Rates [Backed by Data]](/img/1.gif)
We got off to a rocky start but COME BACK INCOMING. Still nailing down the format for these vending machine video updates soon they'll be as big of bangers like the Turo series back in the day haha. What's your summer side hustle and how's it going?
Build A Financial Plan In Minutes and Try Playbook FREE For 7 Days:
www.helloplaybook.com/financialwolf
Stay with vending✊. You get good interactions with people and when u find the perfect things to sale. They sale out
I can see that ur hungry keep it up bro
Selling toothbrushes without packaging is devious work 😭🙏
you cant sell cigs thats 60 yrs ago when i was 12 years old
Also illegal
Toothbrushes freeballin in the machine was a wild play. 😂🤣😂
YOOO everyone roasting me lol I promise I didn’t leave it like that
@@financialwolf LMAO. Love it. Keep up the hustle man! Love the channel
@@financialwolf add ors
Diabolical for sure 😂
Sees toothbrushes without packaging. immediately checks comments
same. he probably baited us to go comment, and it definitely worked, cause here we are
yes.
yes lol
"hygeine products" proceeds to put naked toothbrushes in a dirty vending machine
Hi
@@Noluv4jay11 great when the machine works and refrigiration works soda usually seperate/prices are cheap some are very high like 3 dollars for water
😂😂😂😂
😂😂😂😂
Hi wolf,
So I owned 17 vending machines all in good locations here in South Africa.
My biggest down fall was giving out free product.
My advice as nice as it is. It’s business every cent counts
Not the open naked tooth brushes in the machine at 1:15 😂🤮
I realized that was nasty after I tried it
@@financialwolfur gross
the prices are reasonable compared usually 20 oz is 2.00 and soda machines usually are seperate
I have 5 vending machines. It takes 4+ weeks for people to warm up to it. Don’t stress yet
thank you! I noticed this as well
You should leave a QR code next to it where they can request items. That way you can see if multiple people want a certain item or what might be hot
You should definitely look into getting a Costco or Sam’s club membership, you will save so much money over the course of the year buying in bulk 💵
Bare toothbrush is wild lmao
😭🤣🤣🤣🤣
@financialwolfjust make it a coca-cola machine
Wait what if a kid buys the cigarettes 💀
Ohhhhh shittt
we do have a vending michine in germany almost everywhere in the country and they require to you your ID or Passport, so kids cannot buy it
@@Joemanty well America is very different for sure
Seems like the country was much much better when kids could buy smokes from vending machines. People in general were just better
I like how you spun it to be positive, that's literally what I needed at the moment. And the btc plug at the end was nice!
Building wealth indeed requires good habits, like investing in solid opportunities such as digital currencies. Having a reliable investment manager and broker is crucial for making informed decisions and managing risks effectively.It's wise to seek out certified professionals who can provide efficient management.With diligence, descipline and the right guidance, success in wealth-building becomes more achievable.
Thank so much for the advice been seeking means of being successful in the digital market,do you recommend any professional broker I’m ready.
Anna Dorris Arthur is the best I’ve encountered so far, so I recommend her.
I'm curious to know more about the expert broker you're considering. Could you share some details about their experience and why you believe they might be a good fit for people’s trading.
When I got up to a million from Anna Dorris Arthur I had to retire my parents and get them a new apartment, we’re now debt free.
Sometimes It takes time. Everything will definitely not sell as soon as you put it there and credit cards add 60-70 percent to profit.
A 20 unit building is way too small. Get in somewhere with 100+ units and a big Airbnb presence. You need more foot traffic
Why are you wasting money in walmart instead of buying bulk in sams 😭
Walmart is better, I go there every month
U gotta be sleep deprived to think the toothbrush thing was a good idea😭😭
bro fr i own machines and this is the last thing i would do i dont even think its allowed to do that🤣
@@YaBoiAlexwell, he didn't violate the laws of physics at least 😂😂😂😂
The vending machine business justified with the roth ira was a turn I did not expect. Keep the hustle up !
looking forward to revenue numbers after credit card machine fix, not sure if people carry cash these days, as getting cash is a pain. Thanks Financial Wolf for the video!
Those kids ran you out lmao 🤣
Too scared to say no to some 12 year olds 😂
@@nowthatsurbanI’m sayin😂
I saw this new vending machine trend about perfume vending machines where you pay the machine €1, then you get 1 ‘pump’ of parfume.
maybe that is something you could make a video about?
Try doing an online survey for the machine on what to sell and what is disliked
You should go to some beverage warehouses or different warehouses or restaurant supply stores to get a lower per price unit items
If you want to sell cigarettes or alcohol alcohol you have to contact the government in order to get a license
And a license is very expensive. It won't be worth it.
Have you thought about wrapping the vending machine it may help draw attention to it.
double down on the coke obvi, and cheapest isn't always best, also i think this strategy you're doing now is better for a hotel, also NEED to put coffee in there starbucks
Underrated youtuber i respect the hustle !!
luv da work
Love these kind of video
How about a vending machine at amusement parks and other places where people could need sanitary products, diapers, pacifiers and other "must have often lost" products
Handing out free stuff will make them wait around till h come back 😂
I just feel like an apartment complex isn’t really a good location, I mean how many times have you guys left your apartment to get something at the vending machine? I feel like a better place would be like in a break room at a work place
Thanks for the content! Keep up the work, really liking the vending machine vids. I suggest you also try window and car washing, would be interesting to watch your experience.
Sounds good!
Anyone with the mind to sell toothbrushes not in their packaging in a vending machine, deserves to fail in business. Nobody in their right mind is ever going buy a toothbrush like that. If you can’t even figure out it’s not a good idea to sell toothbrushes without packaging than i don’t think im taking financial advice from you either.
Try gambling bro! ❤ Love the vids!!!🎉
Lmfao
Lol I love gambling
you could have asked chatgpt : Here's a concise list of 20 products between $1 and $5 that could be suitable for a vending machine in a senior citizen apartment building:
Bottled water
Granola bars
Trail mix
Fruit cups
Instant oatmeal packets
Sugar-free candies
Low-sodium crackers
Single-serve soup cups
Tea bags
Instant coffee packets
Small packs of tissues
Travel-size hand sanitizer
Reading glasses (low magnification)
Crossword puzzle books
Stamps (in small quantities)
Small notepads and pens
Single-dose pain relievers
Dental floss
Small tubes of hand lotion
Single-serve portions of nuts
Wow, what a very bad list. From utterly unsellable (dental floss) to illegal (pain relievers).
I really enjoyed this video, keep up the good work.
I am interested in doing vending machine business. Can you make a video step by step how to start this business? Such as how to get permission for the location, where to get this huge machine and delivered to the location. How much do you charge for the snack and drinks. how much do you need for each step.
who would buy an unwrapped toothbrush? LMAO
Not even marking up the toothbrushes even more for the seasoning they gonna get from all the dust in that machine is crazy
Once you get the card reader up I’m sure sales will increase
Location. Location. Location. You can’t turn a bad location into a profitable venue.
Keep making these videos please
why not leave a flyer or something with a qr code with a survey on what items they might like to have added.
I have a feedback suggestion sticker on the machine. I talked about it on camera but cut it from the video since it has my actual phone number on it lol
at least buy toothbrushes that are packed single
it costs more yah i have it free better the residence just gets there money back for help to the people
Have you ever tried an ATM side hustle?
Terrible location, terrible products. Yikes
How much was the vending machine?
$325/mo is the equivalent of having a 3% yield dividend stock portfolio with a value of 130k.
130k * .03 = 3,900/12 = 325
You know CDs are over 5% now?
@@loganq for how long? My cash is for emergency, the rest gets invested
@@NickOloteo For 18 months or less.
Put all the profit on red trust me
Got it!
Not to be “that guy” but compound interest isn’t making u rich. Especially investing $65/month for 40 years. That $400k+ is in the perfect world, money doesn’t lose value ($20 today gets you nothing compared to 40 years ago) inflation, markets never drop, times never get tough and you don’t have the $65 for that month it all makes a huge difference. Compound interest can keep you rich tho, if you have $500k-$1mil to invest you can generate $1500-3000 month over month completely passive not guaranteed ofc but if you get what I’m saying compound interest isn’t going to make you rich, but if you are rich It’s a good way to generate income
Ì like those type of vids.
It takes years to build a good foundation where your vending locations make 1k per month.
Sees kids coming to buy from vending machine. Gives free snacks. 10:08 “I’m going to try to find a way to sell alcohol, cigarettes or lighters.” 😂😂🤦🏻♂️
Why u don't buy all rhe Stuff in Costco or sams?
been watching for couple years bro. need something online and stick to it. ik more ideas like this better for content, but stable online business better for longevity and will bring more cash
Watch where ur placing them.
haha man yeah i don't really give out free stuff at my gas station, i gave this guy a free bag of ice one time because he seemed like he wanted his beer to be cool when he got home so i said why not. Then just about every time he comes now he always asks for a free bag of ice. That's just the way it is. But that is good to hear your giving back to the community. But just beware when you give out something for free they will always come back asking for more.
It’s tough out here bruhhh feel free to shoot me a call if you wanna throw ideas back and fourth!! I’ve had mine for a few years now
yea but if you just invested the first money you would have made way more
🔥🔥🔥
Your math isn't mathing on the Roth IRA...figure your money doubles every 8 years with a standard return...so 27K doesn't make sense
You shouldn't sell alcohol or cigarettes because under age kids might purchase them without parent's permission.
You have to ask for IDs in person for those items.
It's hefty fine and arrest if somebody under age purchase it and you are the one selling it.
I say a quick QR code snack survey with a small selection would help a lot to get an idea of what they like but not also having to be there talking
Be part of an exclusive interview with the CEO of Binance to gain insights into future developments
// with the power of AI.
- The vending machine business is not performing well, with only $59 collected in two weeks, indicating poor sales of current products.
- The owner plans to improve sales by replacing poorly selling candy with hygiene products, but feedback from residents reveals these products aren't needed due to free city supplies.
- Adjustments are made based on resident feedback, replacing hygiene products with popular snacks and considering items like wine coolers, cigarettes, and lighters for better revenue.
- Despite low profits, the owner calculates the potential long-term growth of small monthly profits through compound interest, emphasizing the value of consistent investment.
- Future strategies include adding a credit card reader to boost sales, testing new product selections, and maintaining resident engagement to build customer loyalty and increase revenue.
Maybe you should buy your products from sams club or some other wholesaler.
You did a good job on your voice , it is good now. Remember , right ?
You could have at least bought those toothbrush holders.
Dude, that vending machine will last for forty years with minimal maintenance
I love seeing the failing videos cuz then I see your process of how to handle it. lol. Also bro, totally sounds like you have a cold. haha
Exclusive access: interview with Binance CEO for insights into future developments
Bro last vid I told this business is not reliable and good
You can’t sell anything that doesn’t have a ingredients label
Yo let me give you some tips on vending
I just wanted to inform that there is a lot of fake accounts on tiktok texting people
legend
Otherwise,you can try put somewhere little slot machine or something.
İt would be very good to see how you make a profit lol
Hey bro, just applied to your Ebay thing and maybe I can help with some Pinterest marketing if I don't get the listings position. Just thought I'd let you know here in case you don't check your email much, thanks man!
Bruh, what were you thinking stocking up them toothbrushes with no packaging around them? That's going in someone's mouth!
You can’t sell sigaretts kids can buy then and thats bad
Thought about doing vending machines myself but didn't want to have to deal with the LLC. I think a vending machine with alcohol in a bar or at a resort where only 21 and up is allowed could work.
It’s easy to get an LLC also you don’t need one for a location nobody is gonna press somebody with one machine making money the gov has better things to be stingy about
Keep up the vending business. Do updates ✊
Lmao you got robbed by a couple of mini hustlers 😂
3:32 something bout this part rubbed me the wrong way but ima save my breath
3:42 and this cus why these images
Yeah bro corny, when he was younger I feel like he was less biased and now he’s pretty biased on certain groups of people.
Aren’t you suppose to be bulk buying from Sam’s club haha
Yes lol! I didn’t wanna drive 15 minutes lol
It’s like 10 minutes from my house but 15 minutes from the location
The Walmart was right next door
3:35 yeah, that’s horrible that poor senior citizens are taken care of. Eff em right?!
Tampons next to naked toothbrushes💀
financial goat
I’ve watched your videos for a long time keep it up
Legend! I really appreciate you
I love it when Americans say caprEE sun
😂
Them kids got you. I woulda said no after one free thing. Or told bro gimme what you got and ill just hand you what you're buying. Now they gonna come out every time you are there. lol
Toothbrushes with no top?
ah hell na selling cigs is wild
better than bottles of wine 😂
Quite good profit for 2 hours of work every week.
Being a new machine, maybe people just didn't know about it. Put a sign up on the laundry room door saying it's there.
Love your videos man been watching for a couple years you should do a phone/console flipping video
u need to get someone to sale in school !
2 hour gangs
Gray Area: Weed 😉🤣
I would try kool-aid.