Niche Pursuits Podcast: Find Your Next "Niche" Business Idea! How Mike Hoffmann Built a $100K/Month Business with Vending Machines
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May 21, 2025 
Mike Hoffmann, the founder of Vendingpreneurs, shares his fascinating journey from a corporate job to a flourishing vending machine business that now rakes in $100K a month. He dives into the nuts and bolts of locating profitable spots and selecting the right machines. Hoffman reveals how modern technology simplifies inventory management and boosts profitability. He emphasizes the importance of understanding demographics and shares personal anecdotes that highlight the potential for turning vending into a lucrative passive income stream.
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Mike's Aha Moment at Airport
- Mike Hoffmann had an "aha" moment while buying an overpriced airport vending machine water.
- He realized someone was making money passively from vending and decided to explore it himself.
AI-Driven Modern Vending Machines
- Modern vending machines use AI cameras and shelf space rather than spiral motors.
- This innovation allows sale of bigger and diverse items like laundry pods.
Prioritize Foot Traffic For Locations
- Evaluate location success by foot traffic and employee presence.
- Consider work schedules like remote days to estimate real machine usage.