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157. The Power of Passive Income: How He Built a $75K/Month Vending Empire

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Manage episode 445124677 series 2970750
Content provided by UpFlip. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by UpFlip or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Mike Hoffmann is a vending machine entrepreneur generating over $75,000 a month in passive income. Mike breaks down how he transitioned from real estate to vending machines, shares key strategies for finding high-traffic locations, pricing products for profit, and scaling the business.

He also covers why new machines are better than used, how to systemize for true passive income, and tips for streamlining operations by hiring staff. If you're interested in turning vending machines into a serious income stream, this episode is for you.

Resources:

Ready to be your own boss without starting from scratch? Grab our FREE Franchise Guide and unlock the secrets of proven business models that have already created thousands of success stories.

Connect with UpFlip:

For more insights to start, build, or grow a business, check out the resources on UpFlip.com or head to the UpFlip YouTube channel to see more interviews with business owners and experts.

Thanks for listening!

  continue reading

Chapters

1. 157. The Power of Passive Income: How He Built a $75K/Month Vending Empire (00:00:00)

2. Background (00:01:03)

3. Down payment on First Machine (00:03:11)

4. Foot Traffic (00:06:32)

5. Creating Proposals (00:07:51)

6. Up Front Costs (00:08:52)

7. Does the Location Get a Cut? (00:10:28)

8. Start a Vending Business for Free with UpFlip Academy (00:12:57)

9. Deciding What Products to Use (00:15:03)

10. Cold Calling Customers (00:18:12)

11. Hiring Employees (00:20:59)

12. Systematizing for Passive Income (00:21:21)

13. Costs to Run Your Business (00:23:33)

14. Where to Buy Machines (00:24:38)

15. AI Machines (00:26:46)

16. Marketing (00:28:54)

17. Side Hustle Idea (00:32:40)

18. Fan Blitz Questions (00:34:22)

19. Ryan's Takeaways (00:37:29)

189 episodes

Artwork
iconShare
 
Manage episode 445124677 series 2970750
Content provided by UpFlip. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by UpFlip or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Mike Hoffmann is a vending machine entrepreneur generating over $75,000 a month in passive income. Mike breaks down how he transitioned from real estate to vending machines, shares key strategies for finding high-traffic locations, pricing products for profit, and scaling the business.

He also covers why new machines are better than used, how to systemize for true passive income, and tips for streamlining operations by hiring staff. If you're interested in turning vending machines into a serious income stream, this episode is for you.

Resources:

Ready to be your own boss without starting from scratch? Grab our FREE Franchise Guide and unlock the secrets of proven business models that have already created thousands of success stories.

Connect with UpFlip:

For more insights to start, build, or grow a business, check out the resources on UpFlip.com or head to the UpFlip YouTube channel to see more interviews with business owners and experts.

Thanks for listening!

  continue reading

Chapters

1. 157. The Power of Passive Income: How He Built a $75K/Month Vending Empire (00:00:00)

2. Background (00:01:03)

3. Down payment on First Machine (00:03:11)

4. Foot Traffic (00:06:32)

5. Creating Proposals (00:07:51)

6. Up Front Costs (00:08:52)

7. Does the Location Get a Cut? (00:10:28)

8. Start a Vending Business for Free with UpFlip Academy (00:12:57)

9. Deciding What Products to Use (00:15:03)

10. Cold Calling Customers (00:18:12)

11. Hiring Employees (00:20:59)

12. Systematizing for Passive Income (00:21:21)

13. Costs to Run Your Business (00:23:33)

14. Where to Buy Machines (00:24:38)

15. AI Machines (00:26:46)

16. Marketing (00:28:54)

17. Side Hustle Idea (00:32:40)

18. Fan Blitz Questions (00:34:22)

19. Ryan's Takeaways (00:37:29)

189 episodes

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