How To Start A Mini Mailbox Business
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 16 June 2023
⏱️ 14 minutes
🧾️ Download transcript
Summary
Here's how Lisa Song Sutton started her mailbox business that makes millions...
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Lisa says that there's no replacement for experience, and she's right! She shadowed another entrepreneur running the same business she wanted to start to learn all the processes needed to succeed. Her mini mailboxes have been a huge success for her and she's even expanded!
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About Ryan Pineda:
Ryan Pineda has been in the real estate industry since 2010 and has invested in over $100,000,000 of real estate. He has completed over 700 flips and wholesales, and he owns over 650 rental units. As an entrepreneur, he has founded seven different businesses that have generated 7-8 figures of revenue.
Ryan has amassed over 2 million followers on social media and has generated over 1 billion views online. Starting as a minor league baseball player making less than $2,000 a month, Ryan is now worth over $100 million. He shares his experiences in building wealth and believes that anyone can change their life with real estate investing.
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Transcript
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| 0:00.0 | So, you know, you go from the page entry world and then you start getting this PL box thing. |
| 0:05.6 | What, how did that come about? |
| 0:06.6 | What is this? |
| 0:07.6 | Yeah. |
| 0:08.6 | So, um, in 2018, um, at the time, I had had a mailbox, a mailbox that I had rented from a local |
| 0:17.1 | UPS store and had it for like seven years or something. |
| 0:19.9 | I had it for a long time and they would auto charge my credit card every year, like once |
| 0:23.7 | a year for the rental of this box. |
| 0:26.7 | I saw the rental charge on my credit card and I rolled my eyes because I was like, |
| 0:30.8 | oh, I need to cancel that thing. |
| 0:33.2 | And then I didn't, I like never got around to it, right? |
| 0:35.7 | And I'm like, this is interesting. |
| 0:37.8 | I'm like, if I'm not canceling it, there's a lot of other people not canceling it, right? |
| 0:42.0 | Like taking the time to do it. |
| 0:43.9 | And so I started looking into the model of mailbox rentals and I quickly realized there |
| 0:49.6 | are essentially many storage units. |
| 0:51.3 | You have this like fixed item that's low maintenance, low overhead and people rent it. |
| 0:57.7 | And I was just like, this is interesting. |
| 0:59.5 | So I go up the street to the local independent store. |
| 1:03.6 | So not a UPS retail store, but a local independent store in Somerlan called Postal Proze. |
| 1:08.5 | And I'd been their patron for several years because right around the corner from my house |
| 1:12.4 | and I knew the owner, seems Andrew and I went there and I said, Andrew, um, are you interested |
... |
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