Episode 70: How to Start a Vending Machine Business

Acquania Escarne 00:00

Before I get started, I wanted to let you know that I'm launching two new group coaching programs starting in July 2022. program. One is for women ready to work on their personal finances and start building real wealth. We'll meet twice a month for three months, you'll get one on one financial report, which means we're going to go through your finances and figure out where your money's going. We're also going to discuss how to maximize your income now and how to improve your investing and retirement savings for later. Plus, you'll get access to me through an app and have a way to track your goals and progress all with an accountability group. Spots are limited, so click in the link in the show notes to apply today. Program Two is for women business owners eager to learn and implement creative retirement strategies and build a legacy. If you're ready to learn how to invest in real estate, and leverage your income, business and life insurance, this program is for you. You'll get access to me my eBooks and my new course the Purpose of Money Maximizer, where I teach you how to leverage life insurance to invest in real estate. This is a six month program, but it will set the foundation you need to level up your business and dive into real estate investing, including investing in hotels, and multifamily syndications. If you're interested, please click on the link in the show notes and apply today. You are listening to the Purpose of Money podcast,. A podcast where we talk about ways to build wealth and create more freedom in your life. Today. I am your host Acquania Escarne. Hey guys, welcome back to the Purpose of Money podcast today I'm super excited to have on the show. One of my clients best realtors in the DC, Maryland in Virginia area, Blake Bozeman. He is a realtor who loves to talk, sell and buy real estate. But he's also the new up and coming vending machine mogul. So I say he's here today because I want to talk about how to build multiple streams of income, specifically in the space of vending machines. And then we'll talk about some of the other stuff Blake has going on. So hi, Blake, welcome to the show.

Blake Bozeman 02:39

Hey, thank you for having me, Acquania. I am excited and happy to be here.

Acquania Escarne 02:44

I am too. It's not that often I get to interview some of my clients on the show. But I remember when we first met we just started out talking about finances. You had a nine to five job and your family. Tell the audience for me what has happened since then? Because I feel like you've been on a roller coaster.

Blake Bozeman 03:05

Yes. So much has happened since then. So yeah, I don't even remember the organizing platform or how I came about the the meeting that you all had scheduled. I've always been curious and interested in finance, just from the perspective of how can we make our money work for ourselves? And how can we multiply it. And I think it was great that we were able to connect that way. At that time, I was doing contracting. I was doing procurement and acquisition for Department of Defense DoD agencies. And I don't I'm not even sure I had even had my real estate license yet. If I did, I certainly wasn't I hadn't quite gotten started.

Acquania Escarne 03:46

No, you didn't have it, because that was a part of our discussions is how to transition into full-time entrepreneurship.

Blake Bozeman 03:54

Yeah, so I was one income, W-2. And yeah, I was just I wasn't happy with with my career. I'll be frank and say I was getting paid pretty well. But it just it wasn't fulfilling. And I was just uneasy about showing up to work five days a week and my work commute and everything like that. And so that's where I was then how many years ago was that? Was that? Maybe...

Acquania Escarne 04:22

four or five years? Yeah.

Blake Bozeman 04:25

Four years ago. And since then, I guess we can fast track to now I am. I don't have any w two income at the moment. So I've vacated my position and that entire industry, doing consulting work for the federal government. And I'm a full-time realtor and entrepreneur.

Acquania Escarne 04:47

That’s excellent. And what is it that prompted you to change? Why real estate? You could have gone into a different career... You could have transitioned into a different type of business. So why did you choose to become a realtor?

Blake Bozeman 05:02

It's interesting. Knowing what I know, now, I wish I was more interested in real estate when I was younger,; just hearing and listening to different things and learning how many... Uh, real estate has produced a number of millionaires. I believe most of the self-made rillionaires, er millionaires earned that reality through real estate. But even if it's not becoming a millionaire, I just think there are so many different avenues through real estate where you can obtain and achieve financial freedom. Because ultimately, I mean, to me money affords and offers you the freedom -at least that's how I see it- the freedom to really enjoy what life has to offer. And from my perspective, it's pretty hard to do so without money. And so I say all that to say, I wish I knew earlier. You know what I know now about real estate. And so it wasn't necessarily that I got into real estate because I knew those things. I didn't quite know those things. At that time, I had just been encouraged by my realtor. My realtor ended up being my mentor, the realtor that I used to buy my first house. And when we were going through the process when he was representing me as my agent, he was impressed by some of the questions that I asked and how I just stayed on top of things. Being an active realtor now and dealing with so many different clients, I can I just assume that based on his interaction with me, compared to some of his other clients, he just saw something in me. And so he encouraged me to go ahead and get into real estate. And at that time, though, I just, I was just looking for additional money, I was aware of multiple streams of income, but I hadn't actively pursued or engaged a means by which I could earn additional income. And so with that desire, I said, let me just go ahead and get my real estate license. So I can just make some extra extra money. And then slowly but surely, became pretty good at it. And I was really interested in it and develop a passion for it to the point where I was doing so much business as a realtor, that I did begin to entertain the idea of doing real estate and being a realtor full time. But initially I had no intentions or no plans of being a 100%, commission-based type of guy that has no W2 consistent income, I had all the same concerns about what about health insurance? And what about 401k. And I need consistent paychecks. And so I had no intent on becoming a realtor. But I guess life had other plans.

Acquania Escarne 07:26

I love that. And I like how you started out part time you saw how it was for you. And you adapted to the idea of going full time. But you did transition into I think wisely we had a couple of meetings, and I looked at your budget and all the expenses you had and trying to eliminate debt, too, before going full time. So now that you are a full time realtor full commission base person, I've also seen that you've branched out into additional income streams that are slightly more passive.... So for those listening: Active income is the income that you do some work to get the return by going to work every day and then getting a paycheck every two weeks. But passive income might involve some setup, but then it's just money that comes in your sleep A lot of people have been talking about vending machines as the best passive income stream because you set up the machine once and the money keeps coming. What encouraged you to specifically choose vending machines? And do you think that's actually how it's working out for you?

Blake Bozeman 08:37

Let me..., if you don't mind, let me give some background to this. So in addition to me, becoming a realtor, I I've just always been the type to ...I always believed in multiple streams of income and passive income. My introduction to passive income was through, it was through there were some like multi level marketing that was going on when I was in college. So there was Wake Up Now, there was Vemma, there were these I forget exactly what they call them. Some people call them Ponzi schemes or whatever, they're legit, and they're legal. But it really introduced me to and taught me passive income. And so once I gradu.a... graduated beyond that level of thinking of like the multilevel marketing, some of the things that I like I was always trying to think of different ways to earn more money. One of the things I even did was I bred my dogs, I had two dogs, I bred them I tried to sell puppies, and I was just like, This is not for me, this is too much work. This is too much work cleaning up after the mess and they stink and it was just a lot. And so I tried different things. Real Estate being one of them. I was going to develop a whole business breeding these dogs. It took one round of that to realize that wasn't for me. And then I was listening to different ideas and I came across the vending machine idea. And so, like anything that I'm going to commit myself, to I did a ton of research first. One thing that I would like I stand strong behind is man, if you're going to really pursue something, then take the necessary steps to do it the right way so that you're not winging it. So the vending machine business, for example, I paid for a few different ebooks. And I probably did a course or two, to learn the ins and outs and the nuances and just to basically make sure that I did my due diligence beforehand, I just look at it, we pay for so many different things, I'll easily go out and spend money on a dinner or lunch or entertainment, or vacation or whatever the case may be. And so if I can do that, then I can surely spend money educating myself and learning a new skill. And I got into the I did all my homework and made sure that I knew what I was getting myself into. And it's been really good. It's been really good. I stand firm behind the vending machine business, if done the right way. If I can go into some of the pros and cons or some of the obstacles to answer your question. Yes, it's absolutely passive income. Ironically, I just came from refilling a few of my vending machines that took me 30 minutes or so. And now I'll be making money over the next few days before I have to return to the vending machines to refill them again. And so in that sense, it is passive, I do a little bit of work. By refilling the machines, I'd laugh and joke with people and something when they asked me about the machines, I say I could do this on over if I needed to. And so that part of the business is easy. You're putting snacks in a machine, you're putting sodas in a machine, that part is easy. The tough part of the business is actually securing the locations. Your homework in your research is where you'll learn which locations to pursue, how to introduce yourself to them and build those sorts of relationships and what sort of things you want to negotiate what sort of factors you want to consider what what things make a location, a good location to put a vending machine in. That's all the homework five. And then some of it, of course, will be osmosis and trial and error. But the hard part is actually getting the lo cations. And I tell people, you have to be comfortable or step out of your comfort zone and be willing to talk to people, I'm sure we've all answered a doorbell at one point or another. And on the other side of our front door was a salesman, they were either selling a home security service or one of those utility companies that promise that they can lower your electric bill or something like that. And so it's not the same as that, but it's not too far off. If you're going to be successful in the vending machine business, you've got to be willing to park in the parking lot, walk through the front door of any old establishment and talk to the decision makers and sell yourself and your business. And so most times, it'll be a no. And so that's the second layer behind the challenge in that in this pursuit and in this endeavor is that you have to be willing to talk to people, and they and you have to be able to convey yourself in a manner with which they will believe in you and your business. And two, you have to be willing to take the Ls on the chin and keep it moving. Because it's a numbers game I've been able to successfully get... uh, We've got eight machines at seven different locations and about six months. So we've experienced some rapid growth. But out of the six locations we have I've tried 60. Yeah, it’s one of those things where most times an establishment whether it's an apartment, or whether it's a gym, or whether it's like an auto shop. Most times they're either going to say no, they're not interested. They have a machine already. Or they'll at least entertain and engage the discussion. But quite frankly, it doesn't lead to an agreement and you bringing a machine to their place. So you have to... you gotta follow up, and you can’t allow the No’s and the rejections to convince you to quit and that you can't be successful at it. It's one of those things if you don't have the personality to go out and talk to people and be able to deal with the rejection, then it won't be for you because you'll absolutely have to. You'll have to overcome that. But once you do like I said you can do the work hung over that the rest of it is easy.

Acquania Escarne 14:40

Oh, I love it. I love it. So really location is key. Real Estate vending machines is where you put it matters and I love how you're saying

Blake Bozeman 14:53

The location is key I can say I've got an apartment right now that consistently does 2500 a month in revenue gross 2500 a month. That's one machine. That's one apartment, one machine does 2500 a month. And when you talk about passive income that I look at, that's why I just I love the business because I'm far better than most any traditional rental that you'll have. Most times when you rent out a property. And again, I'm in real estate, most times when you rent out a property you're and you've got, you've got a golden property, if you've got $1,000 profit margin on a rental, where your mortgage is one amount, and what you're renting the house out is another and your profit margin there after paying the mortgage is $1,000, you've got a pretty solid rental there. And so if I've got a vending machine, that's doing $1,000, $2,000 a month, that's damn good. That's really good. Most times rental properties, that margin isn't even $1,000. And everything comes with its with its challenges and drawbacks. Rental Property is pretty passive too. But you and I have had the discussion about toilets and tenants and that sort of thing. Everything is going to have it it's hurdles, the hurdles with the vending machines is just on the front end of actually getting the location. Do you think that once you secure a location for your first machine, it gets easier from there? It doesn't get easier. I'd say it's it's whatever the scientific term is for whatever that does for your brain, where it's just where you realize that it's possible and that it can be done. And then when you start to when that first few times that you go to the machine, and you collect cash. Or when you're checking your mobile app, and you're seeing the sales, I remember the first few sales, I remember the first few sales were like, wow, this is really working, we're really making money off of this machine that we set up and all we set up the machine filled the machine, locked it up and left it alone, and then it was making money. So it doesn't get easier. But I think it's healthy encouragement to keep going. It's just like working out. And when you get on that scale, after you you've committed yourself and stay disciplined, and you've worked out consistently for two weeks, and you get back on that scale, when you can see that you've lost some weight, it registers. Okay, the work and the commitment and the sacrifice that I'm making is reaping rewards. So I'd say it's the same thing with the vending machine. But it doesn't get easier to scale. Because you still deal with. It's interesting to me a lot of times some of these these apartment complexes, the management companies, they want nothing to do with vending machines, they either have a stigma, or they believe that it's going to draw like loitering and crowds and potential vandalism. Sometimes it's just they don't care because it's not something that's a part of their profit model and their business. And so if they can't really make money off of it, or money that they deem worth it, then they just they don't care. And then sometimes they some establishments, they'd rather operate their own machine, as opposed to allowing someone else to come in and prop and make money. So you're going to always encounter that. But you've just got to keep going and find the locations that are open to it. And then like I said, You've got to your follow-up game has to be good. I've got a location, the location, the newest location actually had this location, sign a contract, it's probably been two months since they first signed the contract. And then I received a phone call yesterday saying that they were finally ready for us to come bring in the machine. A different location, I still don't have a signed contract yet. But I've literally been massaging that relationship for a year, the first time that I reached out to that, to that particular property manager was last year. Now I didn't hit her up every month or every week or anything like that. That's harassment. But I did follow up with her a few months later. And asked if I just touched base again because I have a few locations nearby. And then sometimes it might be a location where it might take you weeks, or it might take you three months or so before your proposal gets up the chain of command. The property manager working at the location, then they're the gatekeeper, if you will. And so then they've got to send that up to the regional. And then I'm sure it's not the top priority for the regional. And it's probably not the top priority for your for the property manager on site either. And so they may not answer the phone, or you may call and they may have forgotten about you. Or they may say hey, I'm gonna send you an email, and then they never send you the email. But you've got to follow up and you've got to say, Hey, it's me again. I know you asked me to do such and such or remember you told me to call you back. It'd be a better time if you call me after the new year. So then you got to make sure that you set a reminder and you call them after the new year that that whole sort of thing, but once you get in there, you're golden.

Acquania Escarne 19:53

Hey guys, thanks so much for listening to this podcast episode. I wanted to take a quick break to let you know that As I hear you, so many of my clients are so frustrated with the process of trying to set up their LLC, that they allow it to stop them from creating the business of their dreams. And I am finally proud to say I can help you. With this frustration, I have created a business setup package that helps future business owners get assistance with setting up your business entity, you'll also get support in establishing your LLC, your S corp, your virtual address, your business, phone number, domain, and any administrative features you need, like your email, your calendar, and etc. So if you've had a business idea that you are tested, or you're ready to get off the ground, and all you need is an LLC to really start bringing in the cache and give your business the credibility it deserves. Check out the link in the show notes bit.ly/bizllcsetup and get your business setup package today. Now back to the episode. That's really interesting. Follow up is key. And there's a saying that’s, ‘The fortune is in the follow up.’ Have you ever heard that time?

Blake Bozeman 21:22

I haven't heard that, but it is true.

Acquania Escarne 21:24

Yeah. That's where all the money was made? Yeah,

Blake Bozeman 21:27

I follow-up serious.

Acquania Escarne 21:29

And so, “the fortune’s in the follow up’ is really to inspire entrepreneurs to keep following up because that's normally the hardest people to stay on top of that you follow up the most end up being potentially your most lucrative sales or your best client, you just need to continue to follow up. So I love that all the gyms that you dropped, and then just the idea of perseverance in the vending machine space and understanding that you may not be talking to the person that's in charge. And I think that's important. So many people think I'm supposed to communicate to this person, because that's the person I see, that's the person I know, not realizing they have a boss or they're not the boss, right? And sometimes they may not say that in the initial conversation. So those are good questions to ask to, hey, is there anyone else that I should reach out to to explain how this business relationship could work and benefit the both of us, giving them an opportunity to let you know who may be in that chain of command. So that's really good. So give me just I know you have a book on this. And we're going to drop the book in the show notes so that my listeners can get a copy of your book where you really break down to how to get into the vending machine business. I want to understand realistically, what is the startup costs for someone who's really thinking about doing this?

Blake Bozeman 22:52

I'm glad you asked. That's the that's one of the other things that really attracted me to the vending machines. And while I'm a big proponent of them, because relatively speaking, the startup cost is low. There's no real barrier to entry there in terms of startup costs. So a snack machine is the most affordable one. A snack machine or run you like around $1,000, 1000, no more than $1,500 for snack machine. And it'll depend, right, because you've got different sizes and quantities, you might have a location where there's 15 employees there, 20 employees there, and maybe a three row snack machine is appropriate for that location. Whereas, you might get a government office building where there are 50 plus employees, and now you need it and you need a five row snack machine. And so, keep in mind that depending on the size, you will pay more for your machine, okay. And the prices that I'm referring to are for our refurbished machine. That's the recommendation that I have your startup costs increases significantly if you buy a brand new machine. And you might be able to find cheaper machines if you purchase a machine on Facebook marketplace or offer up or Craigslist, but in my opinion, there's risk with that, that I don't want to take in terms of not knowing the condition, not having any sort of warranty. And then I have to physically go get the machine and transport the machine and everything like that. I'd rather pay for a machine refurbished yeah that has been worked on and that seller or manufacturer or wholesaler can guarantee that this machine works. And 1000 to 1200 or so would be like the cost of your snack machine. Next in line would be your drink machine. If you had a drink machine like at a gym for example, a drink machine will cost you like 1900, $2,000 for a drink machine. Your most expensive machine would be your combo machine. Your combo machine is one machine that has both drinks and snacks in it. That is my most commonly used machine, all these different locations, they consider basically how much psi or how much space they may have in their facility to house a machine. And so it's a lot easier to accommodate one combo machine than it is to account to accommodate one snack plus one drink. When you're just speaking for space, and where on the wall, you're going to put the machine etc. And oftentimes, one combo machine is enough to handle the volume and the traffic of a location anyways, and so it just makes more sense. But your combo machine can run you anywhere from 3000 to $3,500. And so that's the tier of prices right? Now, technically, all you really need is the machine plus your inventory, which would be you getting your snacks and your drinks, whether that's Sam's, Costco, BJs, restaurant depot, etc,. We'll say ballpark anywhere from three to $500, right for your inventory for you to go purchase the things that you're going to put in your machine. And then on top of that, technically, that's all you really need. Now you'll have to, you'll have to in order for your machines will work you need coins, to dispense change for people. So you might spend $20, for your quarters, nickels, dimes, but at a bare... So if you go with the bare necessities where you've just got machine inventory coins, you can be in business for that 2500 $3,000, if you're putting up a snack machine somewhere, we're doing a combo machine and you're in business for $5,000 or less. So it's low cost entry. And as I said, if you've got a, if you've got a if you've got the right location with a good amount of foot traffic, your your ROI will you'll make you'll make your initial investment back in a month and a half. And then everything is profit from there. And so, I love it from that standpoint. It costs a lot more to try to buy an investment property. So there's other other avenues through which you can create an additional income source or passive income, but the vending machine business, it doesn't cost much to get in. Now, of course, I elaborate on other suggested components of your business in order to be successful. Like of course, eventually, you'll want to LLC and make sure that you have a business, you might want a landing page, you might want an email account so that when you are reaching out to these business owners, and these property managers and whoever the owner of the gym is, et cetera, et cetera, that you're not sending them an email from blakelakersfan@gmail.com, you're sending them an email from blake.bozeman@vitalvending.co. Because again, we're talking follow up we're talking, they've got to believe in you, they want to believe that you're a legitimate business, and they want to you want them to take you seriously. And so there's different ancillary costs there, you'll likely need some storage bins, you'll likely need a dolly to help you transport you've got cases of water, cases of Gatorade, et cetera, et cetera. My business partner and I, we recently got a storage unit, because we've scaled to that point where we've got, I have a garage, but I've got cases of Gatorade and sodas and stuff in my garage. So now we went ahead and committed to getting a storage unit costs us just under $60 a month. So even that itself, it's not expensive. We have insurance, a lot like liability insurance. So some locations, they may require, hey, we want to make sure that you've got liability insurance just in case this place burns down. We know that your business and your machine is insured. I know for schools, typically they'll require that you have insurance before they agree to place a vending, one of your vending machines in their school, you have to have insurance. So there's different costs there. But technically, you don't necessarily need those things to get started. You can start to generate some profit first and then start grab yourself some storage bins, grab yourself a dolly, get one of the other things that I recommend and one of the things that we did from the jump, we went and I got on fiverr.com and I created a logo. And so after creating the logo, I then reached out to a guy knew to get some polos made. So now when I'm entering these these potential locations, I'm walking in with a folder and I've got a printout of like I've got a one pager that speaks a little bit about my business. I've got a logo on there. I've got a business card with my logo on the back, my name, my business email, I've got a polo on with my logo, so I'm a legitimate business. I'm not just some guy I woke up three days ago and decided I was going to try to get some vending machines, which is fine. Sometimes you got to get it, you know how you can get it. But if you've got the means and when you get the means after your first profitable machine, those are some of the other expenses that you'll want to consider as you scale your business.

Acquania Escarne 30:18

Okay, that's really good. I have a quick question, though. Do you buy the machine before or after you find your first location?

Blake Bozeman 30:26

You don't buy that machine until you've got a signed agreement from the location that they want that machine. And that would be a critical mistake to buy the machine first, because then where are you going to keep it until you get a location? Once you get the location, they may say, We want a combo machine. But you went and bought a snack machine from somebody on Instagram already. And so you can't even put that machine in that location because you got a snack machine and they want to combo or you just always have to get the location first, and clarify what sort of machine they want. You might you might flood around and buy a machine, you might come across something that seems like a great deal, they've got a three row drink machine. And then the location you get might be, it could be it'd be a gym. And they've got so many people coming in that gym on a regular basis, that that they'll wipe your three row drink machine out, and half a day. So now you've got a three row drink machine in there and you're hustling back and forth to refill the machine more than you would really need to if you had an adequate machine that could handle the sales, the appropriate sales volume. So you always have to get the location first, and then you get the machine. That's also a key parts of this business the same way, a key part of my business is having a reputable, experienced capable lender to connect my buyers with so that they are in the best hands possible when it comes to financing. And conveying and submitting strong offers against other competing offers in this market. I success in the vending machine business is heavily dependent upon where I can source my machines from. I've got to be able to commit to a location and say, hey, I can get this machine to you in a week. Or I can get this machine to you in two weeks. Like I've got, I got a plug, I got my plug, I don't have to when you, when you agree of hey, like, we've thought about it, we're gonna go with you, we want your machine, it's a lot tougher if I've got to then get online and start trying to find out where I'm gonna get my machine from if I've got to scroll through offer up and let go and scroll through Facebook marketplace and make a bunch of different phone calls to try and figure out where I can get a machine from. Whereas if I've got a wholesaler, I just call my guy, Hey, I need a four row drink machine, hey, I need a five row combo machine, hey, I need a a three row snack machine, what do you have? And that person has to be reliable as well. When you're dealing with these different locations, they'll say, hey, Thursday would be a bad day for you to come bring that machine that's not going to work for us. Can you bring it on Friday, bring it Friday? And can you bring it what time? Where can you bring it at 10am I've got to trust that my guy that I'm getting my machines from that he's dependable and reliable that he's going to be there on time with the right machine. And he knows what he's doing. And that's something that I pay for I pay the extra fee to have it delivered, as opposed to me going to get a U haul and trying to deliver this machine myself because I can't afford to drop it or do something wrong and let me go pay the guys that have been doing this for 20 years, and they want a well oiled machine. And so that's key, having a wholesaler for where you get your machines from and see that that's something that that's information that I offer. And one of the resources because it makes your life so much easier when you've got a reliable when you've got a plug because you got to know where to get your product from.

Acquania Escarne 34:15

This has been super fun. Now, the name of the show was called the Purpose of Money and I asked all my guests this is my signature question. What is your purpose for money?

Blake Bozeman 34:26

My purpose for money is for freedom. My purpose for money is for freedom. I probably don't hold, I probably don't hold on to slash save money as best as you would probably like and as you advise me to. I do. However, disclaimer, but the Purpose of Money to me is freedom. When it comes to exposure, like one of the things that I value is traveling I love to travel. And I think that there's value and travel beyond nice Instagram pictures. And so if I can expose my kids to life outside of the DMV, I need money to take my sons to New York, and to take them to Florida to the beach, to, for me to experience different cultures and different lifestyles out of the country. And this is just me, I like to travel. And so I need money. To do that money, the purpose is to have the freedom to enjoy different things in life, we all have responsibilities and obligations that we have to meet. And I think without an adequate or surplus amount of money, sometimes we get caught in a rat race, where we're just, we're working to meet our obligations, and our handle our responsibilities. But I don't view that as freedom. At this point, I'm a slave to the money and I'm a slave to my job. Because this is all it's affording me to do meet my responsibilities. But I want to do other things I want to, I want to, I want to go somewhere nice, I want to be able to go to Truluck’s, I see this restaurant Truluck's that just opened up, I want to be able to go there and eat that and I want to, I want to be able to go to the to the new hotel that just opened up wherever I want to be able to do these sorts of things. And so money the Purpose of Money, to me is the freedom to be able to truly enjoy life.

Acquania Escarne 36:31

I love it. Thank you so much Blake and give yourself more credit because you have come a long way I always watch your growth. And I love to see you grinding. So before we go, please give my listeners some tips on how they can contact you if they want to be in touch either on real estate or vending machines.

Blake Bozeman 36:49

Absolutely. Yeah, like I said, I'm really appreciate you featuring me on your show. I tune in and I keep, keep up to date and abreast with the different guests that you have on here. So it's absolutely an honor to be in this space and amongst such company. And for your guests that are interested I can be reached on Instagram @blizzydoesit. That's blizzy does it I'm sure you'll have a handle on there. And then I can't if it's real estate specific. My real estate page is blakeestatesrealty... Blake estates five I think it is that's the Instagram handle. But if you there's no pressure either way. Even if you just have questions, feel free to DM me and reach out. There's no commitment or no harm in that. If you're just interested in curious if it's vending related, the IG handle is vital dot vending. And there you'll find resources in the bio. And also on my personal Instagram page on my bio, too. If you're interested in purchasing the e book, we've also got a couple templates for which folks can use I can go on and on. But there's a couple of different Excel spreadsheets that you can use for your cost price analysis and profit analysis and that sort of stuff to organize your business for the vending machines and provide those resources and some of the packages as well. But you can find all of that in my Instagram bio.

Acquania Escarne 38:17

Thank you so much. This has been really great. I look forward to hearing who starts their own vending machine business

Blake Bozeman 38:24

Yes, yes. Absolutely

Acquania Escarne 38:27

Thanks so much again, Blake. And so next time keep building generational wealth.

Blake Bozeman 38:33

Yes, thank you, you too.

Acquania Escarne 38:36

Thank you for listening to the Purpose of Money podcast. For more resources and information, check out my website, the purposeofmoney.com and while you're there, please sign up for our newsletter so you have the latest information on new episodes and blog posts. Until next time, keep creating freedom in your life today.

Transcribed by https://otter.ai