188: Matt’s Passive Income Empire Started With Just $36 … and a Bag of Gumballs

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.7 • 1.6K Ratings

🗓️ 11 August 2016

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

Matt is a former Air Force pilot who was looking into various side hustles to support his family after some salary cuts at work. After hustling and selling used books (among other things), he realized it really wasn't sustainable and took up too much of his time. That's when he found a gumball vending machine for sale on eBay for $36. The seller was local in Houston so he drove over with two of his kids and picked it up. Filling it with candy from Sam's Club, he knocked on doors of businesses until he found a home for it at a local karate studio. A couple weeks later, he went back and it was filled with quarters! Full Show Notes and PDF Highlight Reel: Matt’s Passive Income Empire Started With Just $36 … and a Bag of Gumballs

Transcript

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0:00.0	Side Hustle Show 188.
0:02.0	Matt's passive income business started for just 36 bucks.
0:05.0	This is vending machines as a Side Hustle.
0:07.0	Welcome to the Side Hustle Show
0:10.0	where aspiring part-time entrepreneurs learn how to turn their side-housled dreams into reality.
0:16.0	Because your 9-to-5 may make you a living, but your 5-9 makes you alive.
0:21.0	And now your host host Nick Loper.
0:25.0	What's up, Nick Loper?
0:28.0	What's up, Nick Loper here?
0:29.0	Welcome to the Side Hustle Show.
0:31.0	Awesome show for you today on a completely new topic to the program
0:34.4	Vending Machine. What a perfect Side Hustle, right? It's like this automated
0:38.0	silent sales force that's out there selling your products when you're not around
0:41.2	it's a beautiful thing. So to help me
0:42.9	learn a little bit more about the vending machine business I invited Matt
0:45.7	Miller on the show who I met briefly at a podcast movement last month. Matt is a
0:50.6	former Air Force pilot and a father of three and today he runs school
0:55.0	spirit vending.com it's a company that now has machines in 2,000 locations they've
1:00.1	sold 32 million stickers and perhaps most importantly
1:04.0	it helped raise four million dollars for education or the last eight years.
1:07.7	But before this was a passive income empire for Matt,
1:11.1	it was a side hustle.
	...

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