Why The Mini Mailbox Business Model Is So Scalable
Wealthy Way
Ryan Pineda
4.9 • 2.2K Ratings
🗓️ 17 June 2023
⏱️ 12 minutes
🧾️ Download transcript
Summary
Lisa plans on scaling her mailbox business significantly... here's how!
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Lisa wants to sale her mailbox business to 1,000 boxes! This is a strong source of reoccurring revenue and works in most markets, so it's great for scaling.
Lisa's also started her own fund, so her and Ryan go in-depth on her purpose and plans.
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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 | mailboxes aren't really the money maker. It's it's basically that's how you get them in the door for all these other services. |
| 0:07.2 | So for him that was that was the way he did it for me. I wanted to configure. |
| 0:11.3 | He also didn't configure the store in a way that could support more mailboxes. Got it. |
| 0:15.4 | I configured my stores so that I can slam in ultimately a thousand mailboxes. |
| 0:20.4 | Hmm. Right. So that way, yes, eventually I will get to a point where I'm maxed out on the number of boxes. |
| 0:26.7 | But that is going to be the study recurring revenue. Right. |
| 0:30.8 | And then the shipping is an solarian seasonal. Got it. So what would you expect your store to make when it's all set and done? |
| 0:38.5 | So I mean, we just finished our taxes from last year. I mean, annually, we're anywhere between three 50 and 500 per store. |
| 0:46.8 | Yeah. And it's interesting too, because again, the bulk of your shipping revenue actually comes in Q4, which for many businesses, Q4 is quiet. |
| 0:56.2 | Right. Yeah. Or it's kind of a slow down ramp down like Friday, Christmas. |
| 1:00.4 | Kind of like that mid November to mid December holiday shipping is like really intense, really crazy. |
| 1:05.8 | And you have to staff up right. You'll add an extra shift or something, like a overlap shift with team members. |
| 1:12.2 | But other than it's like over, it's like happened so quick. |
| 1:17.2 | And it's it's nice because especially you know, this being in real estate, right. |
| 1:20.7 | Sometimes traditionally, especially on the brokerage side, Q4 will be a quiet time. |
| 1:24.3 | And so it's nice that just on a personal front in my personal business portfolio, I have a business that I know like clockwork, every Q4 is going to be nice and healthy. |
| 1:34.5 | Yeah. No, that's great. I think I love the simplicity of the business. |
| 1:38.8 | Obviously, I love anything that's recurring revenue. You know, so that's easy. You know, they're not going to cancel. |
| 1:45.0 | Yeah, they only they like cancel when they move. They literally like will move, right, to either another side of town. |
| 1:51.3 | Or they move out of state and they're like, I just don't need my mailbox anymore. |
| 1:55.4 | We have mailbox customers that we've had from literally the first month or two of opening a location. |
| 2:01.4 | They'll still be our. Crazy. |
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