Chris Koerner
π€ SpeakerAppearances Over Time
Podcast Appearances
I can say, hey, I'll pay you $100 a month or, hey, I'll split the revenue with you.
I'll give you 30% of the revenue.
And then once I have one, that's the hardest part.
Now you have a track record.
Now you can say, hey, Bob's Auto Repair makes $700 a month passively because he let me put this vending machine there.
This is a business that can be passive if you have an employee to restock it.
That is the active part of the business is the restocking and the selling of new locations.
But if you have an ATM, then that becomes even easier because you can outsource all of the restocking to a cash management company.
How much money could one person hope to make from a vending machine business?
And have you ever run this business yourself?
I have.
I've actually been in a different part of the vertical.
I've sold vending machines.
I posted a video to Instagram that got tens of millions of views and we started just importing those vending machines that I was talking about in the video and then selling them to entrepreneurs.
But the level of revenue is, I mean, it's as much as you want to scale it.
I have a friend in San Diego that makes seven figures a year on vending machines, just snacks and drinks.
Is there an art to good vending machine placement or the right things to sell in the vending machine or anything else?
Yeah, it's funny that you asked that because he said, you know, I'm in San Diego.
People are health conscious here.
And he tested all these healthy concepts and they all failed.