The Next Generation #20 – Quinn Miller - 27 Year Old Building A Vending Machine Empire
Quin Miller is a 27-year-old businessman who has built an empire of… vending machines. You heard that right. Vending machines. It’s a surprisingly lucrative way to make money as evidenced by the fact that Quin rakes in thousands of dollars every month. Who knew you could make so much money off of vending machines?
In this episode, Quin gives us a rundown of his background and how he started his career out, what led him to leave his job, and what inspired him to get into the vending machine business. He also talks about the money-making aspect of vending machines, the importance of cold calling, and how the vending machine business is actually an inexpensive method of earning money and it doesn’t even require that much capital! If you’re looking for a business venture or possibly a side hustle, then you’ll want to listen to Quin and his tips for you on how to get started on your vending machine business!
Quotes from this episode:
- “When I started making calls on the vending side, it was just a local sale, and I realized, “Hey, I can do really well on this… I'm just going to bet on myself.” (9:38)
- “I would recommend getting into sales and learning some processes and then jumping in entrepreneurship.” (13:35)
- “We're talking about growing corporate versus entrepreneur. Those are lessons that you learn a lot in corporate… A lot of people, they don't get that. They miss that fuse, and that stuff is important. If somebody calls you and you missed the call, you lost that business forever, especially on an SMB side. ” (26:58)
- “The general rule of thumb that I say to people is buy nice, offer low.” (32:53)
-Quin Miller
Don’t miss:
- Quin’s entrepreneurial journey (3:09)
- Joining a company or starting a business right after college: Quin’s advice (11:23)
- Vending machines: cost, profit, margins, and more (28:08)
- What it means to remove yourself from the business (37:36)
- How to grow your Twitter following (46:40)
Connect with Quin here: