January 17, 2022 • 21 mins
After receiving two degrees, Kashief, like many, entered the workforce. He was tired of living that busy grind of paycheck to paycheck; he wanted freedom. Today, Kashief owns over twenty vending machines that produce over 100k annually in sales. In addition, he teaches others about the vending machine business through his youtube and Instagram account.
Kashief shares how he entered the vending machine business. He describes what motivated him to switch career paths and how sports gave him the mentality to focus on his entrepreneurial goals.
Host IG: @itstanyatime
Guest IG: @the_vending_bizz
Website: How to start a vending machine business
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Hey, Money Movers, Welcome back to Money Moves, the daily
podcast determined to give you the keys to the kingdom
of financial stability, wealth and abundance. Pay money Movers, Welcome
to the Money Moves podcast powered by Greenwood. Our next guest,
(00:23):
like Many, started his business because he was tired of
living that daily grind of living paycheck to paychecks and
wanted to make money in his sleep. Yes, money in
his sleep. Today. He now owns over twenty five vending
machines that produce over one annually in sales, and he
teaches others about the vending machine business through his YouTube
(00:44):
and Instagram channels. More importantly, he now has a business
that he can pass down to his family that creates
wealth and generates income. Money Movers, Let's welcome the vending
Machine King. Kashif Edwards. Hi, Kashif, Hey, how you doing.
How are you happy to have you on the podcast today?
(01:04):
I'm good. I'm feeling good today. I'm definitely happy to
be here. Um you know, um on it. You know
for you guys that you know, send me an invite
to have me on your show, because if I'm really
excited because you have such a fascinating story, that has
led you to this nontradictional um income screen of being
a vending machine king. I know we all use them,
we've they've been around forever, but it's not something that
(01:25):
pops out in the forefront when you ask someone what
do you do? So I'm really excited for you to
enlighten us all on how you got into this path.
And UM, tell us a little bit about your background.
Oh I know for me, for for one, I wouldn't
call myself the vendom machine king. I do hear that
phrase a lot. But UM, I know I have a
(01:46):
friend who does like millions of dollars uh a year
with his vendom machine. Though you know, I'm not at
that point yet, but I do. I definitely do know
a lot. So you know, the only person we'll call
you the vending machine print until you supersede your friend
as the king. Okay, But UM, in terms of UM,
(02:07):
that's how how I got started. UM. When I was younger,
I played a lot of sports. I played basketball mainly, UM.
And one thing we always have is practice, So we
always had practice and recreation centers. And UM, every almost
every recreation center will always have these vendom machines. UM.
So every Sunday, it was a particular gem I would
(02:30):
go to for practice, UM and it was a Gator
ray machine. There, they had a ray machine and the
snack machine. Really thought nothing of these machines other than
they were great for, you know, utilizing after practice was over,
especially the gatoray machine. Everybody would go to that machine. UM.
But then when I started noticing was on these on
a certain day, which was like every Sunday morning, it
(02:52):
was a lady would come and refill the machines, UM
and it will always happen around the same time. And
it was like one of the time when we had
like our little break and I would be setting near
the machine during that time, so I'll always catch her UM.
And this one day, you know, I've seen her take
a large sum of money out of the machine. So
I was like, you know, oh, I wonder how much
(03:13):
money that is, you know. So and and at that
point I really started paying more attention to it from
I would say a business perspective, because then I started
watching how many people were using that machine, and you know,
I started counting my teammates and I noticed like other
teams were coming in there, like other leagues were going on.
So I was like, you know, that machine probably makes
it a lot of money. So that kind of always
(03:34):
stuck with me. And that's when the first I would say,
that's the first I looked at the vending machine business,
um as something that could be of potential, you know, income,
income source, other than looking at it as it's something
that's there, like you know, because probably, like you said,
I didn't really paying any attention. I just used them whenever,
you know, I needed to because they were convenient. But
(03:55):
you know, it was it was just something that was around.
So can you take us back to you this sort
of point where you were transitioning. You were working full time,
you had these goals of getting into real estate and
purchasing assets and equity there. But you've been an athlete,
You've gone to school for sports management. How did you
sort of pull all these things together to end up,
(04:17):
you know, running this vending machine empire? Okay, So I
would say my transition basically took place so f after
I got through with school, I graduated, of course, UM,
I pretty much had my ambitions high on getting a
job and um, you know, working my way up like
(04:37):
a corporate ladder type of thing. But it didn't quite
work out that way. You know, after I, after I graduated,
I found it hard to get a decent job that
at least the type that I wanted, mainly because I
was either overqualified or UM I didn't have enough experience,
which is like something I kept running into, which is
(04:58):
you know, I really was having a hard of time
understanding UM. But after I did get my foot in
the door UM, I actually ended up landing a job
through UM Old High School. I used to actually be
associated with UM and then I got a position there
as UH athletic director. I was one of the youngest,
(05:20):
not even one. I was the younger athletic director UM
in the city at that time. UM. So, you know,
and in my head, I thought, you know, great, I
get to work my way up, I'll be you know,
by the time I get their age, i'll be one
of the top people. You know. That's that's where I
was going with it. But you know, unfortunately, when I started,
you know, doing it, I liked it, but I didn't
(05:41):
love it, you know, and that and my thing was,
you know, I don't really I didn't care as much
about the money, you know, I was getting paid, um,
a decent amount of money, but I was more concerned
with being happy, Like, I don't money. Money is great,
you know, but my happiness is more important at the
end of the day. Like. So, um, I took a
step back. I actually took a step back from that
(06:02):
job and and went to a job I was making
half as much. UM. At that point is when I
I bet on myself, Like, because I'm like, if you're
gonna do this, everybody's gonna call you stupid. So it's
this you better make it work. You know. That's pretty
much what I was thinking in my head. Um, So
I took I took a step back. I got a
I got a job with more flexibility. Um, because because
(06:23):
that was the issue I was running into with that job.
It was like it was it was fun, it was cool. Um.
But when I actually got to the point where I
was like, okay, let's let's try to invest in different things, UM,
I didn't have the flexibility like to to do that
in terms of with my time. UM. So I took
a step back to a job with more flexibility. Um.
(06:48):
Same thing. Still wasn't happy, but at this point I
was able to grind it out. You know and put
my best forward. Like and I would say that the
sports really came into play during this part of my
life because it took a lot of discipline to to
stay on the track like it really it really was
hard because I had to work a lot of hours
(07:09):
in order to um even save up the money that
I did save that led to me making my first investment,
you know, especially when making half the amount that I
was making going into it like so um the discipline,
the discipline piece was really the biggest piece that I
got from sports. Like I've always been a self motivator,
and this part was the part where I needed to
(07:29):
be self motivated the most because I had no I
had no team pushing me, like you know, it's different
when you have a whole organ m, a whole team
of people around you, you know, telling you what to do.
It's I don't know if it's how you teach yourself that.
I don't know if it's like you say, you build
it through years of sports. But that is really the
denominator I think for a lot of successful people, like
(07:52):
you just got to keep pushing yourself right right right,
which is which is tough man, because it's it's even
I wouldn't even say it's it's after you get to
the point where you want to be, because now you know,
now you have the money, Now you have what you
were going forward. So now was making you get out
of bed? Now like was making you? What's gonna make
you keep going? You still have to be so more
so motivated through that whole process, but especially during this part.
(08:16):
You know, I really had to have that determination to
keep going and to keep grinding toil. I really, uh god,
I was trying to go, you know. So UM for me,
I would say that the sports to the biggest, the
biggest part with that. Wow. So you came from a
background of an athlete, um, so you've always had this
discipline and drive I'm sure if you applied it to
(08:36):
supports and now sort of transferred over into you know,
owning vending machines and sort of growing that business. Yes, yes,
most defintely. I would say my background in sports UM
helped me tremendously with business, mainly because of the things
you just said, like the discipline, Um, the discipline aspect,
and you know, even getting to getting to know myself,
(08:58):
Like I think that's one thing that's very important for
anybody out there that's trying to um get to the
next level of being a better person, you know, whether
that's mentally, physically, financially, whatever it is you have to
you know, know yourself. I think sports really helped me
get to understand what my strengths and weaknesses were, so
I kind of when I went to the you know,
to apply them in the business world. You know, I've
(09:19):
been able to do so a little faster probably than
others because of that experience I had to sports. So
take us back. Everyone always remembers their first tell us
about when you first decided I'm gonna buy a vending machine.
I had two first I had two first so um
my my very first time, UH ended up connecting. So
(09:41):
I was, I was looking, I was working a lot,
I was working a lot of hours, and the main
thing I actually wanted to do with real estate, you know.
So my goal was like, Okay, I want to save
up enough money to invest in real estate. So I
was like, I'm gonna work more hours, I'm gonna save
up more money, and I'm invested in real estate. Didn't happen.
I worked more, was I still couldn't save up enough money.
(10:01):
So but I didn't save up a little bit of money.
So I'm like, well, I need to make this money
work for me. Like, so I started thinking of ways,
you know, try to get this money to work for me,
and then the vendom machine thing pop back up to
pop back up into my head. UM. So that's when
I was like, okay, let me get on the search
and see what I could figure out about some vendom machines. Like.
(10:24):
So I started researching um, and you know, I really
couldn't find a lot. You know, I couldn't find a
lot of information on starting in this or just how
it worked. UM. What I did find really didn't make
too much sense. I mean one thing, I one of
the things that I saw was like over vendom machines
make average of twenty six dollars a month or something.
(10:44):
But I know that wasn't right because I've seen a
lady making she that was when she took out a
couple hundred dollars out of the machine, So I know
that was I was like, Okay, that's that's not right.
So I just kind of research and I ended up
finding a company UM that would uh find you a location,
should end sell you a machine, so I want with
this company. Um. You know. They ended up finding me
(11:07):
a location. It was a hotel actually downtown in Philadelphia. UM.
I went and checked out the location, and I looked
at where they wanted the machine, like, so they wanted
the machine in the awkward place like it didn't want
to lobby. They wanted it like on the second floor
in the corner somewhere. So I'm like, okay, um, I
don't think that's gonna fit right there, you know. And
(11:27):
I haven't at this point, I haven't seen the machine yet.
But I looked at the dimensions of it, like the measurements,
and I'm like, you know, based on these measurements, I
don't think it's gonna fit, you know. And at this
time I didn't even have any measure and tape for
anything for me. I didn't even you know, I didn't
really know better. Um. But I called the company and
I was like, hey, I don't think the vendor machine
is gonna fit where his company with his hotel wants it.
(11:49):
They're like, they told me, well, you know, we've been
doing a business for twenty years and this machine can
fit anywhere at right. Yeah, it didn't fit. So then
they they came from about think it was like Mary Maryani,
which is like two hours and some change away. Um.
And they came already over and had it turned around
and take the machine all the way back. UM. I
(12:11):
was lucky enough that they gave me my money back. Um.
And then at that point I started doing candy machines,
so the quarter the quarter machines UM. And I did
that up until the point where I had twenty something
of those, and that was actually earning me around a
thousand dollars a month with those, so and I only
had to go to him once a month, So I
pretty much was comfortable with that because that's I was like, Okay,
(12:34):
if I do this long enough, you know, I have enough.
I have enough to hit my goal and then um,
you know, invest in real estate. But I ended up
getting talked into, um, buying a soda machine. So my
friend ended up talking me into buying the soda machine. UM.
And this was a guy I was doing the candy
stuff with. I was just buying stuff offering him he
(12:54):
had candy machines and he having the machines. UM. So
you know, I ended up buying one. I found a
hotel to put it in another hotel. And when I
put it in when it was a soda machine, and
I put the soda machine in there, it automatically, I
think in that first week, so when the candy machines
were average around fifty dollars a month, like per machine.
(13:16):
The machine, when you say the candy machine, is the
one I see in the mall where you put the
quarter in and you get the gunballs out right exactly
exactly though, so I had had a whole on the
planet that actually still eats those gunballs. I still do.
And my sisters like, first of all, why do you
even have a quarter? Because who carries change? And secondly,
(13:39):
why are you eating that gunball? I am a total
fan of like the ones with the little candies on
the inside the watermelon and then that I eat those
all the time with the nerds with the nerves inside.
They've actually got real innovative with those machines. They can
take card readers now, so they only they take more
than this quarters. Well yeah, it's just getting crazy, but
um yeah, sou me into getting that machine. I want
(14:00):
to put it in a hotel and the first week
and made like a fifty dollars, So I'm like, okay,
well this is doing um what I usually do in
a month, and did it in a week. I'm like cool,
you know, but then they started growing like then that
that the week after that, it did more, did more
than I think be far. I know that that one
machine was getting me somewhere around six hundred dollars and
(14:22):
so per month. Um, this was only after like two
months of me having it in there. So I'm like, okay,
I want to put another machine in there. So I
took around and put a snack machine, and at that
point I was getting around the same thing for that machine.
So now I'm somewhere around sweve hundred a month, which
when I was working at that time, I was only
making sixteen hundred a month working a four time job,
(14:42):
and I'm only doing this machine for like an hour
or two a week, like, so it is made. So
I really just started focusing on the machines at that point,
like yeah, that's it was my first two spots. Wow,
I like it. Okay, So let's back up to you know,
you started with candy machines and you're making it sounds
super easy. So you found the company. They basically you
(15:04):
paid them and they delivered the machine. Who stocks the
candy for for the machines? You would you would you
would stock the machine. So the owner, if your owner operated,
you completely serviced and stock the machine. You fill it
up with the products and then that's how you can
basically make money off of selling the products out of
(15:25):
the machine. So like, really break this down for me,
do you go to costco and buy gunballs? Is there
like a vending machine warehouse that you go do and
stock up? Like how do I get into this business
and get this passive money? So in terms of the products,
there are a number of different resources. The main thing, uh,
the main resource people use for products is like what
(15:48):
you said, whole cell facilities that are more so common
like the costcos, the Sam's Club, b J's restaurant depot.
It just really appends on where you located. Everybody has
different things, you know, depending on where you are. UM.
It's also other resources that people probably are more familiar
with like vest star um and other things you know,
(16:11):
other things like that. Some people even go to a
grocery store if they catch things on cell. Like it
just depends with your selling. UM. But yeah, you know
that's the basic way to go about you know, getting
your products for the machine. But you know, the business.
The business is really did off of how good you
are UM with building a report with your locations and
(16:33):
actually being able to find locations, like putting systems in
place to continuously find locations. So currently UM, I provide
locations not only for myself but for other people nationwide.
So I work with a number a number of different
UM locators, which the people who follow wishes for you,
(16:54):
and I have different systems in place that always bring
us in locations and then I just put them out
there for people. UM. You might be in the areas
where we're bringing the locations in that and then you know,
if they're interested, they purchased the locations. Wow. I like that. Okay,
And this is really great because now you're educating all
these people, you're telling them how to enter into the business.
Aren't you pretty much creating competition for yourself. You know,
(17:17):
I've heard that before. I don't look at it that way. Like,
So at the end of the day, my goal was
never to be the king, like even when I even
when you said that to begin out, my goal was
never to be like take over the whole city. I
really just wanted to put myself in a better position.
And you know, and I feel like, no matter how
many people I help that right how many people, I
(17:39):
hope right now, it's not going to take anything away
from what I'm already doing. But I already have established
in the network that I have. Like so if anything
I really felt, I really feel helping people has helped me,
you know, get further more than anything else, because I've
really got a chance to meet a lot of people
and connect with a lot of people. So it's really
helped me get further than I probably will would have
(18:00):
been had I not been sharing information. And I do
find it, um, you know, it's the way the world is.
I don't think you know, I'm not gonna say this.
I'm gonna say the way I feel it was. It's
not like that anymore. It's a lot of people share
information now where other where. I feel as though before
in the past, like you might act somebody where they
got they speakers from, they wouldn't even tell you where
(18:21):
they got they sneakers from. Like so it's you know,
it's it gets like that sometimes. But you know, I
think people you know, share information is helping everybody elevating
and I think it's love that because that's exactly what
we're about at Greenwood. We're about uplifting each other as
a community. And you know, we all we all, we
will all grow together. And so you know, everything that
you do, you know it comes back to you tenfold, sheep,
(18:42):
and um, we appreciate that. We appreciate that you're laying
the foundation for so many others to create wealth and
generate income. And you know, share your knowledge because I
feel like it truly is a gift. And thank you
for dropping these gems on us today. And um, I
will make sure that I continue to eat gumballs and
sweets candy. I love a vending machine snack. Well, thank
(19:05):
you for having me on. I definitely appreciate it, and
uh have fun. Um all right, Well, last and not least,
can you tell us where we can find you on social,
where folks can find your courses and your e buck. Okay,
so on social you can find me at the on Instagram,
is at the underscore vending underscore biz um on Facebook,
(19:30):
the vending bis on YouTube, the vendom biz um. Anybody
looking to learn more information you can you can check
out those pages and then hit the link that's in
the bio that always takes you to our website and
different resources we have. And then we also have a
website at how to Start a vendom Machine Business dot com. Okay,
you guys, you heard it there, so please check out
(19:50):
his sites, check out his e book. Thank you so
much for sharing your journey with us. We'd love it
if you can stick around and give our money movers
some insight on how they, too, we can become movers
and shakers in the vending machine games just like you. Yes,
most definitely I would love to. Okay, money movers, you
heard the man. Make sure you stick around to the
Money Moves podcast powered by Greenwood for more keys to
(20:13):
the financial kingdom and some direct tips from Textis Edwards.
Thank you so much for tuning in Money Moves audience.
If you want more or a recap of this episode,
please go to the Bank Greenwood dot com and check
out the Money Moves podcast blogs. Stay tuned tomorrow and
every day this week. From very special Money Versus Moves,
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(20:37):
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(20:59):
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(21:22):
from
Hey, Money Movers, Welcome back to Money Moves, the daily
podcast determined to give you the keys to the kingdom
of financial stability, wealth and abundance. Pay money Movers, Welcome
to the Money Moves podcast powered by Greenwood. Our next guest,
(00:23):
like Many, started his business because he was tired of
living that daily grind of living paycheck to paychecks and
wanted to make money in his sleep. Yes, money in
his sleep. Today. He now owns over twenty five vending
machines that produce over one annually in sales, and he
teaches others about the vending machine business through his YouTube
(00:44):
and Instagram channels. More importantly, he now has a business
that he can pass down to his family that creates
wealth and generates income. Money Movers, Let's welcome the vending
Machine King. Kashif Edwards. Hi, Kashif, Hey, how you doing.
How are you happy to have you on the podcast today?
(01:04):
I'm good. I'm feeling good today. I'm definitely happy to
be here. Um you know, um on it. You know
for you guys that you know, send me an invite
to have me on your show, because if I'm really
excited because you have such a fascinating story, that has
led you to this nontradictional um income screen of being
a vending machine king. I know we all use them,
we've they've been around forever, but it's not something that
(01:25):
pops out in the forefront when you ask someone what
do you do? So I'm really excited for you to
enlighten us all on how you got into this path.
And UM, tell us a little bit about your background.
Oh I know for me, for for one, I wouldn't
call myself the vendom machine king. I do hear that
phrase a lot. But UM, I know I have a
(01:46):
friend who does like millions of dollars uh a year
with his vendom machine. Though you know, I'm not at
that point yet, but I do. I definitely do know
a lot. So you know, the only person we'll call
you the vending machine print until you supersede your friend
as the king. Okay, But UM, in terms of UM,
(02:07):
that's how how I got started. UM. When I was younger,
I played a lot of sports. I played basketball mainly, UM.
And one thing we always have is practice, So we
always had practice and recreation centers. And UM, every almost
every recreation center will always have these vendom machines. UM.
So every Sunday, it was a particular gem I would
(02:30):
go to for practice, UM and it was a Gator
ray machine. There, they had a ray machine and the
snack machine. Really thought nothing of these machines other than
they were great for, you know, utilizing after practice was over,
especially the gatoray machine. Everybody would go to that machine. UM.
But then when I started noticing was on these on
a certain day, which was like every Sunday morning, it
(02:52):
was a lady would come and refill the machines, UM
and it will always happen around the same time. And
it was like one of the time when we had
like our little break and I would be setting near
the machine during that time, so I'll always catch her UM.
And this one day, you know, I've seen her take
a large sum of money out of the machine. So
I was like, you know, oh, I wonder how much
(03:13):
money that is, you know. So and and at that
point I really started paying more attention to it from
I would say a business perspective, because then I started
watching how many people were using that machine, and you know,
I started counting my teammates and I noticed like other
teams were coming in there, like other leagues were going on.
So I was like, you know, that machine probably makes
it a lot of money. So that kind of always
(03:34):
stuck with me. And that's when the first I would say,
that's the first I looked at the vending machine business,
um as something that could be of potential, you know, income,
income source, other than looking at it as it's something
that's there, like you know, because probably, like you said,
I didn't really paying any attention. I just used them whenever,
you know, I needed to because they were convenient. But
(03:55):
you know, it was it was just something that was around.
So can you take us back to you this sort
of point where you were transitioning. You were working full time,
you had these goals of getting into real estate and
purchasing assets and equity there. But you've been an athlete,
You've gone to school for sports management. How did you
sort of pull all these things together to end up,
(04:17):
you know, running this vending machine empire? Okay, So I
would say my transition basically took place so f after
I got through with school, I graduated, of course, UM,
I pretty much had my ambitions high on getting a
job and um, you know, working my way up like
(04:37):
a corporate ladder type of thing. But it didn't quite
work out that way. You know, after I, after I graduated,
I found it hard to get a decent job that
at least the type that I wanted, mainly because I
was either overqualified or UM I didn't have enough experience,
which is like something I kept running into, which is
(04:58):
you know, I really was having a hard of time
understanding UM. But after I did get my foot in
the door UM, I actually ended up landing a job
through UM Old High School. I used to actually be
associated with UM and then I got a position there
as UH athletic director. I was one of the youngest,
(05:20):
not even one. I was the younger athletic director UM
in the city at that time. UM. So, you know,
and in my head, I thought, you know, great, I
get to work my way up, I'll be you know,
by the time I get their age, i'll be one
of the top people. You know. That's that's where I
was going with it. But you know, unfortunately, when I started,
you know, doing it, I liked it, but I didn't
(05:41):
love it, you know, and that and my thing was,
you know, I don't really I didn't care as much
about the money, you know, I was getting paid, um,
a decent amount of money, but I was more concerned
with being happy, Like, I don't money. Money is great,
you know, but my happiness is more important at the
end of the day. Like. So, um, I took a
step back. I actually took a step back from that
(06:02):
job and and went to a job I was making
half as much. UM. At that point is when I
I bet on myself, Like, because I'm like, if you're
gonna do this, everybody's gonna call you stupid. So it's
this you better make it work. You know. That's pretty
much what I was thinking in my head. Um, So
I took I took a step back. I got a
I got a job with more flexibility. Um, because because
(06:23):
that was the issue I was running into with that job.
It was like it was it was fun, it was cool. Um.
But when I actually got to the point where I
was like, okay, let's let's try to invest in different things, UM,
I didn't have the flexibility like to to do that
in terms of with my time. UM. So I took
a step back to a job with more flexibility. Um.
(06:48):
Same thing. Still wasn't happy, but at this point I
was able to grind it out. You know and put
my best forward. Like and I would say that the
sports really came into play during this part of my
life because it took a lot of discipline to to
stay on the track like it really it really was
hard because I had to work a lot of hours
(07:09):
in order to um even save up the money that
I did save that led to me making my first investment,
you know, especially when making half the amount that I
was making going into it like so um the discipline,
the discipline piece was really the biggest piece that I
got from sports. Like I've always been a self motivator,
and this part was the part where I needed to
(07:29):
be self motivated the most because I had no I
had no team pushing me, like you know, it's different
when you have a whole organ m, a whole team
of people around you, you know, telling you what to do.
It's I don't know if it's how you teach yourself that.
I don't know if it's like you say, you build
it through years of sports. But that is really the
denominator I think for a lot of successful people, like
(07:52):
you just got to keep pushing yourself right right right,
which is which is tough man, because it's it's even
I wouldn't even say it's it's after you get to
the point where you want to be, because now you know,
now you have the money, Now you have what you
were going forward. So now was making you get out
of bed? Now like was making you? What's gonna make
you keep going? You still have to be so more
so motivated through that whole process, but especially during this part.
(08:16):
You know, I really had to have that determination to
keep going and to keep grinding toil. I really, uh god,
I was trying to go, you know. So UM for me,
I would say that the sports to the biggest, the
biggest part with that. Wow. So you came from a
background of an athlete, um, so you've always had this
discipline and drive I'm sure if you applied it to
(08:36):
supports and now sort of transferred over into you know,
owning vending machines and sort of growing that business. Yes, yes,
most defintely. I would say my background in sports UM
helped me tremendously with business, mainly because of the things
you just said, like the discipline, Um, the discipline aspect,
and you know, even getting to getting to know myself,
(08:58):
Like I think that's one thing that's very important for
anybody out there that's trying to um get to the
next level of being a better person, you know, whether
that's mentally, physically, financially, whatever it is you have to
you know, know yourself. I think sports really helped me
get to understand what my strengths and weaknesses were, so
I kind of when I went to the you know,
to apply them in the business world. You know, I've
(09:19):
been able to do so a little faster probably than
others because of that experience I had to sports. So
take us back. Everyone always remembers their first tell us
about when you first decided I'm gonna buy a vending machine.
I had two first I had two first so um
my my very first time, UH ended up connecting. So
(09:41):
I was, I was looking, I was working a lot,
I was working a lot of hours, and the main
thing I actually wanted to do with real estate, you know.
So my goal was like, Okay, I want to save
up enough money to invest in real estate. So I
was like, I'm gonna work more hours, I'm gonna save
up more money, and I'm invested in real estate. Didn't happen.
I worked more, was I still couldn't save up enough money.
(10:01):
So but I didn't save up a little bit of money.
So I'm like, well, I need to make this money
work for me. Like, so I started thinking of ways,
you know, try to get this money to work for me,
and then the vendom machine thing pop back up to
pop back up into my head. UM. So that's when
I was like, okay, let me get on the search
and see what I could figure out about some vendom machines. Like.
(10:24):
So I started researching um, and you know, I really
couldn't find a lot. You know, I couldn't find a
lot of information on starting in this or just how
it worked. UM. What I did find really didn't make
too much sense. I mean one thing, I one of
the things that I saw was like over vendom machines
make average of twenty six dollars a month or something.
(10:44):
But I know that wasn't right because I've seen a
lady making she that was when she took out a
couple hundred dollars out of the machine, So I know
that was I was like, Okay, that's that's not right.
So I just kind of research and I ended up
finding a company UM that would uh find you a location,
should end sell you a machine, so I want with
this company. Um. You know. They ended up finding me
(11:07):
a location. It was a hotel actually downtown in Philadelphia. UM.
I went and checked out the location, and I looked
at where they wanted the machine, like, so they wanted
the machine in the awkward place like it didn't want
to lobby. They wanted it like on the second floor
in the corner somewhere. So I'm like, okay, um, I
don't think that's gonna fit right there, you know. And
(11:27):
I haven't at this point, I haven't seen the machine yet.
But I looked at the dimensions of it, like the measurements,
and I'm like, you know, based on these measurements, I
don't think it's gonna fit, you know. And at this
time I didn't even have any measure and tape for
anything for me. I didn't even you know, I didn't
really know better. Um. But I called the company and
I was like, hey, I don't think the vendor machine
is gonna fit where his company with his hotel wants it.
(11:49):
They're like, they told me, well, you know, we've been
doing a business for twenty years and this machine can
fit anywhere at right. Yeah, it didn't fit. So then
they they came from about think it was like Mary Maryani,
which is like two hours and some change away. Um.
And they came already over and had it turned around
and take the machine all the way back. UM. I
(12:11):
was lucky enough that they gave me my money back. Um.
And then at that point I started doing candy machines,
so the quarter the quarter machines UM. And I did
that up until the point where I had twenty something
of those, and that was actually earning me around a
thousand dollars a month with those, so and I only
had to go to him once a month, So I
pretty much was comfortable with that because that's I was like, Okay,
(12:34):
if I do this long enough, you know, I have enough.
I have enough to hit my goal and then um,
you know, invest in real estate. But I ended up
getting talked into, um, buying a soda machine. So my
friend ended up talking me into buying the soda machine. UM.
And this was a guy I was doing the candy
stuff with. I was just buying stuff offering him he
(12:54):
had candy machines and he having the machines. UM. So
you know, I ended up buying one. I found a
hotel to put it in another hotel. And when I
put it in when it was a soda machine, and
I put the soda machine in there, it automatically, I
think in that first week, so when the candy machines
were average around fifty dollars a month, like per machine.
(13:16):
The machine, when you say the candy machine, is the
one I see in the mall where you put the
quarter in and you get the gunballs out right exactly
exactly though, so I had had a whole on the
planet that actually still eats those gunballs. I still do.
And my sisters like, first of all, why do you
even have a quarter? Because who carries change? And secondly,
(13:39):
why are you eating that gunball? I am a total
fan of like the ones with the little candies on
the inside the watermelon and then that I eat those
all the time with the nerds with the nerves inside.
They've actually got real innovative with those machines. They can
take card readers now, so they only they take more
than this quarters. Well yeah, it's just getting crazy, but
um yeah, sou me into getting that machine. I want
(14:00):
to put it in a hotel and the first week
and made like a fifty dollars, So I'm like, okay,
well this is doing um what I usually do in
a month, and did it in a week. I'm like cool,
you know, but then they started growing like then that
that the week after that, it did more, did more
than I think be far. I know that that one
machine was getting me somewhere around six hundred dollars and
(14:22):
so per month. Um, this was only after like two
months of me having it in there. So I'm like, okay,
I want to put another machine in there. So I
took around and put a snack machine, and at that
point I was getting around the same thing for that machine.
So now I'm somewhere around sweve hundred a month, which
when I was working at that time, I was only
making sixteen hundred a month working a four time job,
(14:42):
and I'm only doing this machine for like an hour
or two a week, like, so it is made. So
I really just started focusing on the machines at that point,
like yeah, that's it was my first two spots. Wow,
I like it. Okay, So let's back up to you know,
you started with candy machines and you're making it sounds
super easy. So you found the company. They basically you
(15:04):
paid them and they delivered the machine. Who stocks the
candy for for the machines? You would you would you
would stock the machine. So the owner, if your owner operated,
you completely serviced and stock the machine. You fill it
up with the products and then that's how you can
basically make money off of selling the products out of
(15:25):
the machine. So like, really break this down for me,
do you go to costco and buy gunballs? Is there
like a vending machine warehouse that you go do and
stock up? Like how do I get into this business
and get this passive money? So in terms of the products,
there are a number of different resources. The main thing, uh,
the main resource people use for products is like what
(15:48):
you said, whole cell facilities that are more so common
like the costcos, the Sam's Club, b J's restaurant depot.
It just really appends on where you located. Everybody has
different things, you know, depending on where you are. UM.
It's also other resources that people probably are more familiar
with like vest star um and other things you know,
(16:11):
other things like that. Some people even go to a
grocery store if they catch things on cell. Like it
just depends with your selling. UM. But yeah, you know
that's the basic way to go about you know, getting
your products for the machine. But you know, the business.
The business is really did off of how good you
are UM with building a report with your locations and
(16:33):
actually being able to find locations, like putting systems in
place to continuously find locations. So currently UM, I provide
locations not only for myself but for other people nationwide.
So I work with a number a number of different
UM locators, which the people who follow wishes for you,
(16:54):
and I have different systems in place that always bring
us in locations and then I just put them out
there for people. UM. You might be in the areas
where we're bringing the locations in that and then you know,
if they're interested, they purchased the locations. Wow. I like that. Okay,
And this is really great because now you're educating all
these people, you're telling them how to enter into the business.
Aren't you pretty much creating competition for yourself. You know,
(17:17):
I've heard that before. I don't look at it that way. Like,
So at the end of the day, my goal was
never to be the king, like even when I even
when you said that to begin out, my goal was
never to be like take over the whole city. I
really just wanted to put myself in a better position.
And you know, and I feel like, no matter how
many people I help that right how many people, I
(17:39):
hope right now, it's not going to take anything away
from what I'm already doing. But I already have established
in the network that I have. Like so if anything
I really felt, I really feel helping people has helped me,
you know, get further more than anything else, because I've
really got a chance to meet a lot of people
and connect with a lot of people. So it's really
helped me get further than I probably will would have
(18:00):
been had I not been sharing information. And I do
find it, um, you know, it's the way the world is.
I don't think you know, I'm not gonna say this.
I'm gonna say the way I feel it was. It's
not like that anymore. It's a lot of people share
information now where other where. I feel as though before
in the past, like you might act somebody where they
got they speakers from, they wouldn't even tell you where
(18:21):
they got they sneakers from. Like so it's you know,
it's it gets like that sometimes. But you know, I
think people you know, share information is helping everybody elevating
and I think it's love that because that's exactly what
we're about at Greenwood. We're about uplifting each other as
a community. And you know, we all we all, we
will all grow together. And so you know, everything that
you do, you know it comes back to you tenfold, sheep,
(18:42):
and um, we appreciate that. We appreciate that you're laying
the foundation for so many others to create wealth and
generate income. And you know, share your knowledge because I
feel like it truly is a gift. And thank you
for dropping these gems on us today. And um, I
will make sure that I continue to eat gumballs and
sweets candy. I love a vending machine snack. Well, thank
(19:05):
you for having me on. I definitely appreciate it, and
uh have fun. Um all right, Well, last and not least,
can you tell us where we can find you on social,
where folks can find your courses and your e buck. Okay,
so on social you can find me at the on Instagram,
is at the underscore vending underscore biz um on Facebook,
(19:30):
the vending bis on YouTube, the vendom biz um. Anybody
looking to learn more information you can you can check
out those pages and then hit the link that's in
the bio that always takes you to our website and
different resources we have. And then we also have a
website at how to Start a vendom Machine Business dot com. Okay,
you guys, you heard it there, so please check out
(19:50):
his sites, check out his e book. Thank you so
much for sharing your journey with us. We'd love it
if you can stick around and give our money movers
some insight on how they, too, we can become movers
and shakers in the vending machine games just like you. Yes,
most definitely I would love to. Okay, money movers, you
heard the man. Make sure you stick around to the
Money Moves podcast powered by Greenwood for more keys to
(20:13):
the financial kingdom and some direct tips from Textis Edwards.
Thank you so much for tuning in Money Moves audience.
If you want more or a recap of this episode,
please go to the Bank Greenwood dot com and check
out the Money Moves podcast blogs. Stay tuned tomorrow and
every day this week. From very special Money Versus Moves,
he analyzed the financial value of the loss of slavery,
(20:37):
and he calculated it to be about six trillion dollars
just an unpaid labor or from our expert machines are
located in office buildings, So when you're looking for a location,
I look for about four factors. A competition, I was
an operation, foot traffic, and a celebrity guest. You won't
want to miss the earn your leisure folks, Troy Millings
(20:59):
and Rashad thew for years they were doing those things.
They never they want with us in the in the
class in summer. Yeah, they want to shooting us with
shoot them on us in the gym. Little we wouldn't
in a band. Money Moves is an I heart Radio
podcast powered by Greenwood Executive produced by Sunwise Media, Inc.
For more podcast on iHeart Radio, visit the i heart
Radio app, Apple Podcasts, or wherever you get your podcasts
(21:22):
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