If you've ever wondered how much money the vending machine guy at your office makes, here's an excellent post by GeniusTypes on
how he got into the vending machine business.
It all started with having an open mind and buying a route from someone who had lost interest for well below what it was worth.
You'll see this theme repeated in many successful investment stories.
Every so often you'll see ads in the local paper about the company that sells large office-type vending machines holding a presentation. Apparently, the charge $1000 each and it takes a long time to recoup your investment. Most of the buyers give up and sell them for $100-$200 each and the second owner usually has better luck.
GeniusTypes kept his initial investment low by understanding how to value the business to begin with. He thus guaranteed his success by keeping a large
margin of safety
.
He immediately saw where he could cut costs to increase his net income. He also followed up on some leads and expanded his route and thus the value of his business.
Also note how he takes the positive aspects from
Robert Kiyosaki's books and doesn't dwell on whether the book is based on fact or fiction.
Labels: alternate investments, Business, passive income
Your last statement regarding the taking positive aspects from Kiyosaki's book:
I was surprised by the number of people who have dedicated their lives to tearing him down.
His message becomes lost because people discover two conflicting statements of where he spent June 11th, 1968. Who really cares?