Video Description

#ad I’m proud to have Bizee sponsor this video. Their platform makes launching and managing an LLC straightforward, and it’s a service I genuinely believe in and recommend to anyone ready to start their business. https://bizee.com/?utm_source=youtube&utm_medium=content_sponsorship&utm_campaign=upflip Meet Michael Hoffman, a former athletic coach who transformed his life through the vending machine business. Starting with just $14,000 in savings and a sharp eye for opportunity, Michael built his vending company, Modern Amenities, into a nationwide operation generating $75,000 monthly in revenue. Growing up on a farm, Michael learned early lessons about entrepreneurship from his father. After college, he became a traveling athletic coach, making just $1,200 per month. During his countless hours in airports, Michael noticed something: vending machines were everywhere, but they offered overpriced, unhealthy options. This observation sparked an idea that would forever change his life. Despite having no prior experience with vending machines, Michael taught himself the industry from the ground up. Today, his company stands at the forefront of vending machine innovation, with smart machines that use AI to track inventory, prevent theft, and even recognize customer preferences. His machines can be found in prime locations across the country, serving quality products that break the mold of traditional vending machine offerings. In this episode, Michael shares his journey to becoming a successful vending machine business owner. Learn how he identified untapped market opportunities, negotiated prime locations, and leveraged AI technology to build a thriving automated retail empire – all while starting from zero industry experience. 🔗 UpFlip Official Resources 🎓 Learn the vending ropes fast in this FREE training - https://links.upflip.com/The-vending-bootcamp-masterclass-yt 🎓 Start or scale your business with the UpFlip Academy - https://links.upflip.com/academy-yt 📕 FREE access to ‘137 most profitable businesses’ - https://links.upflip.com/137-business-ideas-yt 🎙️ Follow the UpFlip Podcast - https://links.upflip.com/podcast-yt 📩 Join the UpFlip Newsletter - https://links.upflip.com/newsletter-yt 👉 Check out Mike’s channel - https://www.youtube.com/@mrpassive_ 👉 Mike’s choice for vending machines - https://hahavending.com/ ⭐ Tools & Services We Recommend Best AI-Powered CRM 👉 https://www.upflip.com/go/go-high-level-crm Save $$ on your auto insurance bill 👉 https://secure.moneymatchup.com/2YXbmn Best business checking accounts (FREE) 👉 https://secure.moneymatchup.com/1YKrOV Looking for Business Loans? 👉 https://secure.moneymatchup.com/LV233y Set up a Shopify Store for FREE 👉 https://secure.moneymatchup.com/GWvVrk Set up Quickbooks for your business (DISCOUNT) 👉 https://secure.moneymatchup.com/0rLCuX Stuck in debt? 👉 https://secure.moneymatchup.com/yoXaZn Set up payroll with ADP 👉 https://secure.moneymatchup.com/HT5vef Timestamps: 00:00 - Start 00:48 - From airport idea to vending empire 01:23 - Scale of operations 02:06 - The team 02:40 - “Traditional machines are dead!” 03:41 - Startup costs and funding 04:08 - Going all in… with nothing 04:37 - Thank God for YouTube! 05:18 - Smart machine demo 06:37 - Picking the right products 07:32 - Revenue breakdown 09:09 - What you (really) need to start 09:55 - Fan blitz 11:52 - The Micromart 12:15 - Location is everything 13:22 - Secure locations (the smart way!) 14:29 - A foolproof hack 15:17 - No traffic, no traction 15:59 - Cheap isn’t always better 16:54 - Basement setup 17:24 - Pricing dynamics 18:01 - Working one hour a week?! 18:40 - Overhead and margins 20:10 - Micro market vending 21:11 - AI tech is the future 22:08 - Setup costs 22:39 - Benefits of mentorship 23:10 - All about AI tech 24:55 - Insights and analytics 25:41 - Making the full-time leap 26:37 - Don’t buy a machine yet! 27:11 - Vending improves the experience 28:13 - Old vs. New 28:36 - Humans buy from humans 29:23 - Sneaky fees to prep for 30:00 - Leverage “incidentals” 31:08 - Fast-track your way up 32:16 - Vending routes aren’t for everyone 34:07 - Outro #vendingmachinebusiness #vendingmachine #vendingmachines