Mike Hoffmann
Mike Hoffmann

@MrPassive_

18 تغريدة 1 قراءة Jul 16, 2024
I’ve grown my vending business to 50 locations in 2024.
If I had to start over from 0 & wanted to do it again…
Here’s exactly what I’d do (Bookmark this):
1. Find a location in my city.
I’d google the following locations within 30 minutes of me:
• Apartment complexes
• College/University campuses
• Businesses with 100+ employees
& make a list of each one's email/phone numbers.
After I make my list, I’d move on to step 2:
2. Call/Email my list.
Ideally, I’ll have a list of 50-100 locations from step 1.
I’d start calling and/or emailing each location.
I’ll simply introduce myself & ask 3 questions:
1. How many people/occupants are there in your building?
2. What current amenities do you provide residents/employees with?
3. Have you had a resident/employee complain they don’t have snack/drink options available?
I’d get them talking about their problems/pain points.
After I call/email enough locations, eventually I’ll get 1 or more that have these pain points.
When they tell me they have no current amenities and/or have had residents complain about lack of food/drinks…
I’ll provide myself & my vending machine(s) as the answer.
3. Get a meeting.
After I respond with my solution of a vending machine, I’ll ask for a meeting to discuss in person.
Before the meeting, I’ll create a 1-page flyer about my vending machine & benefits.
Once I’m in the meeting, I’ll explain the value my machines will bring:
• Happy residents
• No employees required
• Better amenities compared to the competition
If I do this properly, I’ll get at least 1 location to agree.
Then I’ll tell them I’ll send them a contract & product proposals after I leave.
4. Order my machine.
The best places to get vending machines are:
• Vending(.)com
• Stockwell(.).com
• Cantaloupe(.)com
• Craigslist(.)com (Used)
I’d order a Smart Cooler or combination machine to be delivered to the location.
It should take 2 weeks to be delivered.
For new machines, companies like Cantaloupe & VendingConnection give you the option to finance for $0.
So I'd utilize that option to get my first machine (I still do this now after 50+).
5. Stock the vending machine.
On the day the machine is being delivered, I’d go to Costco & pick up stock to fill the machine.
I’d bring the stock to the location & meet the delivery people to set the machine in place.
I’ll use my experience (you can use YouTube videos) to set up & stock the machine.
I’ll make sure the:
• Stock is in correctly
• Card reader works
• Machine runs from start to finish
It should look something like this:
Now that my first vending machine is in place...
The sales will start coming in.
But since I want to scale as quickly as possible, I'd do 2 things:
• Ask the property manager if they have more locations that need vending
• Start calling/emailing similar locations in my area
Doing those 2 things is exactly how I've grown my vending biz to 50 locations.
It's a game of volume & intensity.
I'd use my first machine's profits to reinvest in more machines for any new locations I find.
Then rinse & repeat that process as many times as I want.
My next move would be to get into Micromarkets.
They're in high demand right now & can make a lot of revenue a month ($5000+).
I'd reach out to my current locations offering an upsell to these machines...
& To new locations framing them as "Luxury amenities".
These are the places I'd purchase my Micromarkets from:
• Canteen(.)com
• Cantaloupe(.)com
• 365retailmarkets(.)com
& That's how I'd start from 0 right now.
I truly believe anyone can do this using the blueprint I just gave you.
What's stopping you from building your vending empire this year?
If you enjoyed this & want to learn more about how to start your own vending business:
Follow me @MrPassive_ for more breakdowns like this.
If you want help starting your Passive Income journey in addition to your
9-to-5...
DM me "Passive" and let's chat. 🥤

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