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Starting a Vending Business with Matt Miller: From SSV Business

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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. If you’re enjoying this podcast, don’t forget to subscribe, rate and review! 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 Support this podcast at — https://app.redcircle.com/shows/11f32da4-3081-471f-bf51-ea341b89ab1d/tip

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