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How Does The Vending Machine Business Work? | With Mike Hoffmann
Manage episode 444630224 series 3560986
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Join Aaron Hale and special guest Mike Hoffman in this insightful episode as they dive into the world of vending machines! Mike shares his journey from starting out to managing a successful vending machine business, revealing the financial strategies and logistical planning that keep his operations running smoothly.
Discover the advantages of smart vending machines, how they transform the customer experience, and the innovative approach Mike uses by offering vending machines as a service.
Together, Aaron and Mike discuss the dynamics of price and demand in the vending industry and how these factors influence business decisions.
Mike also highlights the unique challenges of vending food items, including spoilage management and strategic planning.
Whether you’re a budding entrepreneur or just curious about the vending business, Mike’s practical tips and advice on getting started will inspire you to take the leap into entrepreneurship.
Don’t miss this engaging conversation packed with valuable insights!
Mike socials:
Website: https://www.mrpassive.com/
instagram: https://www.instagram.com/mikedhoffmann_/
Mike Hoffman's Book: https://a.co/d/hyITd7q
Books recommended:
-The Comfort Crisis: https://a.co/d/9egIZRn
-Buy Back Your Time https://a.co/d/bjH8gZ7
-Profit First https://a.co/d/e2Ncl5u
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