Thank you guys so much for coming to another video! I wanted to let you know that I was really hoping to find a location by the end of the video, I was calling a bunch of places throughout the entire week. I wish I would've mentioned this at the end of the video, but the only really solid lead I got is actually from the repair guy who came to "fix" my machine at the end of the video. He told me he was selling some of his locations, but the only spot he has even close to my area makes around $150 per week in revenue with 2 machines at an assisted living facility. He wants $5,850 for the location. They are 2 pretty nice machines, but that seems steep. Should I take the offer or keep working to find a location myself? A lot of places I called asked about a website to check out so that's a big reason why I made one and I think also going into businesses and handing out business cards will help a lot. Hope to have a second location secured soon!
Have you tried much in person prospecting? Phones are great, but feet on street, face to face has always had a better result for me in sales, both in terms of finding a lead fast and having more successful closes due to trust/rapport.
Thanks for the video. Next time, if you get a chance like in the beginning to talk to a customer, his feedback is super valuable! He was definitely a regular, and stocking a couple rows of your machine with snacks he likes would guarantee he keeps coming back.
First love your content. ❤️ 2 things to consider before taking the offer. 1 Try to find more competing places and see if you can charge them less by explaining another locations offer was lower. 2 how many people are there and what percent of them would buy from your vending machines. Hope this helps
I've got 33 machines out, and if there's any advice I can give you, it's this: Stop doing cold calls. Print a trifold brochure with your services and go into locations in person. It's easier for them to tell you NO over the phone.
Thanks for the video! I just bought my first two machines a few days ago and I am working on location number two. Cant wait to expand together, let me know if you ever find yourself in Phoenix, AZ!
Get a battery powered temperature data logger and leave it in the machine. This way you can verify the temps in the fridge. Something like a Govee logger stores the last 20 days of temps.
You might also want to look at people nearby selling locations. Sometimes you can get lucky and buy a location for the same price it costs to buy a machine and sometimes cheaper. Just make sure you actually check their previous sales in that location.
Any new business you start always give it at least 1 or 2 years, you can never expect to be profitable from the beginning, there is just too many expenses when first getting started, and also trial and error of what works and what doesn't, through repetitions things will get easier and you will look back at your early self and laugh at the way you were doing things, never give up too soon, see things through, also its an election year and economy is always at its lowest during these years, January 2025 will be a new beginning and I think many businesses will thrive next year.
Have you ever thought about just fully going for one big online business or brand instead of lots of different side hustles? You’ve got the RUclips money to fall back on.
I love watching your videos but I feel like lately more and more video time is being eaten up by sponsorships instead of content. Could we get a higher content to ad ratio please? 🙏🏻
Thank you guys so much for coming to another video! I wanted to let you know that I was really hoping to find a location by the end of the video, I was calling a bunch of places throughout the entire week. I wish I would've mentioned this at the end of the video, but the only really solid lead I got is actually from the repair guy who came to "fix" my machine at the end of the video. He told me he was selling some of his locations, but the only spot he has even close to my area makes around $150 per week in revenue with 2 machines at an assisted living facility. He wants $5,850 for the location. They are 2 pretty nice machines, but that seems steep. Should I take the offer or keep working to find a location myself?
A lot of places I called asked about a website to check out so that's a big reason why I made one and I think also going into businesses and handing out business cards will help a lot. Hope to have a second location secured soon!
thanks for the videos it very inspiring. you should probably try to buy a laundromat or cash wash it would make a interesting business
I would say try to find your own location for a lil longer and if you can’t find anything go with the two machines
Have you tried much in person prospecting? Phones are great, but feet on street, face to face has always had a better result for me in sales, both in terms of finding a lead fast and having more successful closes due to trust/rapport.
Thanks for the video. Next time, if you get a chance like in the beginning to talk to a customer, his feedback is super valuable! He was definitely a regular, and stocking a couple rows of your machine with snacks he likes would guarantee he keeps coming back.
First love your content. ❤️
2 things to consider before taking the offer.
1 Try to find more competing places and see if you can charge them less by explaining another locations offer was lower.
2 how many people are there and what percent of them would buy from your vending machines.
Hope this helps
I've got 33 machines out, and if there's any advice I can give you, it's this:
Stop doing cold calls. Print a trifold brochure with your services and go into locations in person. It's easier for them to tell you NO over the phone.
I got some business cards! Thanks so much for the advice. Just got a potential location at a school in my area from a subscriber :)
any advice for me ? who want to start ? simple advice so it won’t take too much of your time would be bless thanks fam congrats on your 33 machines
I dedicate my meals to Financial Wolf videos.
Hell yah 😂 thanks broo
i do too lmao!!!
@@financialwolfI dedicate my edging sessions to your videos
Same but 50% go on meals, 50% on toilet time lol
@@financialwolfi am allways exited for your videos❤❤❤
As someone who just started their vending business the website is AMAZING
You're doing good, you'll be at 100 machines in no time 😂 🚀
Thanks for the video! I just bought my first two machines a few days ago and I am working on location number two. Cant wait to expand together, let me know if you ever find yourself in Phoenix, AZ!
Get a battery powered temperature data logger and leave it in the machine. This way you can verify the temps in the fridge. Something like a Govee logger stores the last 20 days of temps.
You might also want to look at people nearby selling locations. Sometimes you can get lucky and buy a location for the same price it costs to buy a machine and sometimes cheaper. Just make sure you actually check their previous sales in that location.
my glorious king will uploaded 🔥‼️‼️
Keep doing what you love. You are doing a great job and your videos are amazing!!!!!
everyone seems to be loving that energy drink celcius. i would throw some of those in i bet they would do well
Back with the Action from Milwaukee! 💌
You should add a QR code next to it where people can request items. That could drive business up
Hey, man I got a lead for you in Milwaukee, I work there ❤
Love your videos
Hey man! Yes text me 262-492-9368 or send me a DM on Instagram! Thank you so much :)
Any new business you start always give it at least 1 or 2 years, you can never expect to be profitable from the beginning, there is just too many expenses when first getting started, and also trial and error of what works and what doesn't, through repetitions things will get easier and you will look back at your early self and laugh at the way you were doing things, never give up too soon, see things through, also its an election year and economy is always at its lowest during these years, January 2025 will be a new beginning and I think many businesses will thrive next year.
Make more vending machine videos please ❤🙏
You should try printing a label with a QR code to a form where people can suggest drinks or snack they want and put it on the machine
LOL the guy at the beginning probably wanted to use his EBT card
😭🤣
this brings back candy selling memories
I started my business in April this year
how has it gone so far ?
can u help me
LET'S GO! Wish you all the best
Keep it up 🙌
I have 5 Vape vending machines in South Africa! Money printer!
I really like ur content keep it up bro
“ Nobody really carry’s fiat around here” 😂😂😂 smart people over there 👉🏽 😂
I cracked up when I saw this because I thought the same thing 😂 bro was tryna act smart
@@financialwolf 😭😭😭
Yo video shot in Milwaukee that's lit 🔥
Inspirational 😊
Get a smart electric meter. With that u get an alarm to ur phone if the machine looses power again. Helps finding the isue.
A banger as always !
Your videos are so good
I love the vid What's one piece of advice on a starting a vending machine business?
Would be good to get a temperature sensor and camera to remotely see what's happening :)
Bro I’m surprised you haven’t just focused on an online business of some sort. Think about the scalability of the vending machine business.
for real and he has online influence
His money comes from youtube adsense and sponsors, not the businesses he makes videos about
Amazing video interesting if I can make it in portugal
Love the vids keep it up
thank you!
Loveitt!!
You need a video editor bro ?
I can do a sample video:)
i gotta start something soon, figure way to bring extra income ‘ trust in Gods plan
Have you ever thought about just fully going for one big online business or brand instead of lots of different side hustles? You’ve got the RUclips money to fall back on.
?
higher some cold callers
Bro I wish you can do a video on this trend liquidation pallet stuff
Nice
Wolf make your next money making videos international and not only what works in the US please. Subscriber from long time ago
Vending machine business works anywhere
@@financialwolf yh but I mean your other hustles
I love this series
thank you! I am really trying to expand but it's been tough!
如果你翻译了这个，你得给我个赞。
W VIDEO
MAKE A SERIES OFF THIS
That’s the plan!
@@financialwolf any tips getting machines??
You should get an arcade machine omg I've made so much from it
🐐🐐🐐🐐🐐
New🎉 upload
Get one ice cream truck and run it for a month
Where should I buy the vending machines? I live in Singapore.
I miss jaime
Jaime ain’t getting 40k a month in Vending. But I get it
lol he doies
40k a month...? give us the profit part only please thank u wolf
W
40k a month...that's capppp
Probably revenue not profit but doesn’t sound crazy for 40 machines
It's not cap, people make that much with less machines. It's gross revenue and not profit.
First🎉
Hi
$47
Is cj dropshipping allowed legally on eBay?❤
Yes
I love watching your videos but I feel like lately more and more video time is being eaten up by sponsorships instead of content. Could we get a higher content to ad ratio please? 🙏🏻
@@learnwithme1041 will do! Next video has no sponsor
Hey, Iam also a young entrepreneur. Love your content, how can I get my mom to get me a bank account.
PLS RESPOND
First
can u help me
no, he doesn't have time
@@MoneyMan28 can u help need help urgently
@@irfanmir-j3n no, i need help myself, ask your parents for help, they brought you here from 14 billion years via raw fork in
Second
86
6 dollars off
55 secs ago
Say more insane things.
@@checkthelist what u mean lol
@@financialwolf gotta talk about drunk driving and shooting heroin.
Every vid is a banger!!! Do you have a discord server?