A MAN makes $300k a year from his side hustle and only works four hours a week.
Marcus Gram, 31, decided to set up a vending machine business on the side of his managerial day job.
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Originally from Rochester, New York, he was living with his mum and earning $17 an hour.
Back in 2018, the side hustle lightbulb went off in his head.
Marcus decided to move to Philadelphia and buy two vending machines.
The business, Joyner Vending, only made $5,000 in its first year.
However, now rakes in a whopping $300,00 each year with 21 machines dotted around Baltimore, Philadelphia, Detroit and Washington D.C.
Marcus said: "I'm on track to generate $500,000 in sales by the end of 2022."
Describing it as a "profitable business" with "little heavy-lifting" required, Marcus has now been able to quit his job and focus on it full-time.
These are his tips for starting out:
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You need at least $4,500 to get started
Marcus wrote in CNBC.com that he managed to save up $10,000 from his 9-5 job - but the start-up cost was only around $4k.
He bought a snack machine, a drinks machine, two credit card readers and food and drink products.
He wrote: "Due to inflation, things are much more expensive today, so I recommend saving between $4,500 and $5,000.
"Machines can run anywhere from $1,000 to $10,000, depending on whether they’re new or refurbished.
"Delivery costs are usually between $200 and $500."
Never buy a machine until you have a place to put it
Marcus said "location is everything" and it's important to put the machine where it will get a lot of people walking by.
He said: "I’m always thinking about places that have a lot of foot traffic. Apartment complexes, hotels, student housing areas and warehouses with a lot of employees are all great options."
Branding and customer service
Marcus said when setting up a business one of the most important things is branding and customer service.
The businessman says he spends most of his time shopping for his own products instead of getting someone else to do it.
He also restocks some of the machines himself too.
He added: "I do my best to accommodate customers — both the venues that house my machines and the people buying items from them."
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