Starting a Vending Business with Matt Miller

Original Show Notes: Starting a vending business

 

Matt Miller spent the first 9 years of his career as an Air Force pilot, before entering the private sector to work in both the medical device and advertising industries.

While a top performer in the corporate world, his long term desire was to be his own boss.
A good friend one day mentioned the gum ball machines he and his young daughters owned, and that conversation began a 10 year business quest that has brought Matt’s company, School Spirit Vending, to the cutting edge of both the vending and school fundraising industries.

Today, School Spirit Vending’s franchising program provides a proven and profitable business system for busy professionals and their families looking to develop secondary income streams with a limited time commitment.

Welcome Matt!

[3:58] Matt, before we dive right in, let’s get to know you a bit better, what was your school mascot?
·     The Spartans

[4:28] So let’s chat about School Spirit Vending, what exactly does the company do?
·     Hassle free fundraising for schools
·     Sticker vending machines
·     3,000 schools across the country
·     Sold over 40,000,000 stickers in the last decade

[6:16] These days it’s all about the side hustle- on your website you offer people a way to make additional income, let’s talk about how you can help busy professionals make extra money and how much money they can earn?
·     Traditional franchise- expensive and require 100% of time
·     School Sticker Vending- can do it in your spare time.

[14:28] How much time is needed each month to participate?
·     Have a few spare hours/ days a week

[19:56] What kind of support do you offer people that want to go to the next step?
·     A mentorship program
·     Conduct training in Texas
·     Host 2 podcasts a week just for the franchise team
·     Interview with franchisees to show best practices
·     Monthly mastermind groups
·     Monthly webinars
·     Host an annual convention
·     Online community

[27:21] How can people get in touch with you if they want more information?
·     Ebook: Live your dreams: the top 10 reasons why you need to own a vending business
·     Ssvbusiness.com/chain

Sponsors

[29:55] Chain of Wealth– These day’s it’s all about the side hustle. Trying to find additional ways to make money? Try hosting on airbnb, you can make money while you sleep.

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Value Link Round (VLR)

[30:44] Why do people fail at achieving their dreams?
·     Lack of patience- microwave mentality
·     Life is a marathon not a sprint

[34:31] Do you have any other books or podcasts you can recommend to our listeners?
·     Books: Crushing it; The 12 week Year; Rich Dad, Poor Dad
·     Podcasts: The Gary V- Audio podcast, Start Up; Forty Eight days to the work you love, The View from the Top; The Business On Purpose Podcast

[38:45] Any other parting piece of piece of advice?
·     You have to get in the game