Podbean logo
  • Discover
  • Podcast Features
    • Podcast Hosting

      Start your podcast with all the features you need.

    • Podbean AI Podbean AI

      AI-Enhanced Audio Quality and Content Generation.

    • Blog to Podcast

      Repurpose your blog into an engaging podcast.

    • Video to Podcast

      Convert YouTube playlists to podcasts, videos to audios.

  • Monetization
    • Ads Marketplace

      Join Ads Marketplace to earn through podcast sponsorships.

    • PodAds

      Manage your ads with dynamic ad insertion capability.

    • Apple Podcasts Subscriptions Integration

      Monetize with Apple Podcasts Subscriptions via Podbean.

    • Live Streaming

      Earn rewards and recurring income from Fan Club membership.

  • Podbean App
    • Podcast Studio

      Easy-to-use audio recorder app.

    • Podcast App

      The best podcast player & podcast app.

  • Help and Support
    • Help Center

      Get the answers and support you need.

    • Podbean Academy

      Resources and guides to launch, grow, and monetize podcast.

    • Podbean Blog

      Stay updated with the latest podcasting tips and trends.

    • What’s New

      Check out our newest and recently released features!

    • Podcasting Smarter

      Podcast interviews, best practices, and helpful tips.

  • Popular Topics
    • How to Start a Podcast

      The step-by-step guide to start your own podcast.

    • How to Start a Live Podcast

      Create the best live podcast and engage your audience.

    • How to Monetize a Podcast

      Tips on making the decision to monetize your podcast.

    • How to Promote Your Podcast

      The best ways to get more eyes and ears on your podcast.

    • Podcast Advertising 101

      Everything you need to know about podcast advertising.

    • Mobile Podcast Recording Guide

      The ultimate guide to recording a podcast on your phone.

    • How to Use Group Recording

      Steps to set up and use group recording in the Podbean app.

  • All Arts Business Comedy Education
  • Fiction Government Health & Fitness History Kids & Family
  • Leisure Music News Religion & Spirituality Science
  • Society & Culture Sports Technology True Crime TV & Film
  • Live
  • How to Start a Podcast
  • How to Start a Live Podcast
  • How to Monetize a podcast
  • How to Promote Your Podcast
  • How to Use Group Recording
  • Log in
  • Start your podcast for free
  • Podcasting
    • Podcast Features
      • Podcast Hosting

        Start your podcast with all the features you need.

      • Podbean AI Podbean AI

        AI-Enhanced Audio Quality and Content Generation.

      • Blog to Podcast

        Repurpose your blog into an engaging podcast.

      • Video to Podcast

        Convert YouTube playlists to podcasts, videos to audios.

    • Monetization
      • Ads Marketplace

        Join Ads Marketplace to earn through podcast sponsorships.

      • PodAds

        Manage your ads with dynamic ad insertion capability.

      • Apple Podcasts Subscriptions Integration

        Monetize with Apple Podcasts Subscriptions via Podbean.

      • Live Streaming

        Earn rewards and recurring income from Fan Club membership.

    • Podbean App
      • Podcast Studio

        Easy-to-use audio recorder app.

      • Podcast App

        The best podcast player & podcast app.

  • Advertisers
  • Enterprise
  • Pricing
  • Resources
    • Help and Support
      • Help Center

        Get the answers and support you need.

      • Podbean Academy

        Resources and guides to launch, grow, and monetize podcast.

      • Podbean Blog

        Stay updated with the latest podcasting tips and trends.

      • What’s New

        Check out our newest and recently released features!

      • Podcasting Smarter

        Podcast interviews, best practices, and helpful tips.

    • Popular Topics
      • How to Start a Podcast

        The step-by-step guide to start your own podcast.

      • How to Start a Live Podcast

        Create the best live podcast and engage your audience.

      • How to Monetize a Podcast

        Tips on making the decision to monetize your podcast.

      • How to Promote Your Podcast

        The best ways to get more eyes and ears on your podcast.

      • Podcast Advertising 101

        Everything you need to know about podcast advertising.

      • Mobile Podcast Recording Guide

        The ultimate guide to recording a podcast on your phone.

      • How to Use Group Recording

        Steps to set up and use group recording in the Podbean app.

  • Discover
  • Log in
    Sign up free
Passive Wealth Principles

Passive Wealth Principles

Business:Investing

Mike Hoffman | Vending Ventures, Sales Strategies, and Balancing Life

Mike Hoffman | Vending Ventures, Sales Strategies, and Balancing Life

2024-01-04
Download Right click and do "save link as"

In this episode of Passive Wealth Principles, join host Jake Harris as he engages in a captivating dialogue with Mike Hoffman, exploring innovative strategies in the vending machine and micro market industry. This insightful conversation traverses through various topics from optimizing sales tactics to the power of leveraging executive and virtual assistants, all within the context of real estate and personal growth.

Episode Highlights:

Innovative Sales Strategies in Vending and Micro Markets:

Mike and Jake delve into effective methods for boosting sales, such as offering gift cards to new apartment tenants and gamifying customer experiences in the vending and micro market sector.

Opportunities in Garden Style Apartment Complexes:

The discussion highlights the untapped potential in garden style apartment complexes for vending and micro market businesses, considering the lack of walkable options for residents.

Enhancing Customer Experience by Reducing Friction:

Mike shares insights on the importance of providing convenient access to products, a strategy that can significantly amplify sales in the vending industry.

The Value of Executive and Virtual Assistants:

Learn how investing in executive and virtual assistants can be a game-changer in saving time and enhancing productivity for business owners.

Networking and Collaborative Learning:

Jake and Mike emphasize the benefits of networking and learning from peers in the industry, which can lead to uncovering new insights and opportunities.

The Triad of Family, Passive Income, and Human Performance:

The conversation pivots to a deeper exploration of balancing family life, generating passive income, and optimizing human performance for a fulfilling life.

Embracing Challenges for Growth and Opportunities:

They discuss the philosophy of intentionally choosing difficult paths for personal growth and unlocking new opportunities in life and business.

The Role of Family and Purpose:

Mike concludes by emphasizing the significance of family and having a clear purpose as fundamental drivers for success and happiness.

Key Takeaways:

  • Employ creative strategies to boost sales in the vending and micro market sectors.
  • Explore unique opportunities in garden style apartment complexes.
  • Focus on customer convenience to enhance sales and satisfaction.
  • Leverage executive and virtual assistants to optimize time management and productivity.
  • Network and learn from others to gain valuable industry insights.
  • Balance family, passive income, and personal performance for a holistic approach to success.
  • Choose challenging paths to foster personal growth and discover new opportunities.
  • Recognize the importance of family and purpose in driving life’s successes and joys.

Stay Connected:

For more insightful episodes and resources, visit https://passivewealth.com/.

Join the Passive Wealth Tribe Facebook group for engaging discussions and networking opportunities - https://www.passivewealthtribe.com/group.

Follow Jake Harris on Instagram @jake.realestate for additional updates and insights.

Conclusion:

Tune into this episode of Passive Wealth Principles, where Jake Harris and Mike Hoffman uncover the nuances of thriving in the vending and micro market industry, the significance of building effective support systems, and the art of balancing professional endeavors with personal growth and family life. Embrace these lessons to navigate your own path towards a successful and fulfilling journey.

view more

More Episodes

What I Learned (DJ McClure)
2024-01-22
DJ McClure | Uncovering Flood Zone Insights
2024-01-19
What I Learned (James Richardson)
2024-01-15
James Richardson | the Business Buying Brit
2024-01-12
What I learned (Mike Hoffman)
2024-01-11
What I Learned (Jim Sheils)
2024-01-03
Jim Sheils | Mastering Real Estate Investing and Family Harmony
2023-12-29
What I Learned (Sam Wegert)
2023-12-22
Sam Wegert | from Martial Arts to Mastering Co-Living Real Estate
2023-12-16
What I Learned (Dustin Baldwin)
2023-12-08
Dustin Baldwin | Marine Corps to Taking on Amazon!
2023-12-06
What I Learned (Rob Dubroc)
2023-09-01
Rob DuBroc| $370,000 into $1.1 million in 18 months?!
2023-08-29
The Trade Off (Work When You Just Don't Want To)
2023-08-23
The Trade Off (Stop Doing The Wrong Things)
2023-08-09
The Trade Off (Deal of a lifetime?! $50k to $7M)
2023-08-02
The Trade Off (Rich vs Wealthy)
2023-07-26
What I Learned (Jordy Clark)
2023-07-14
Jordy Clark | Without Vision The People Perish
2023-07-12
  • ←
  • 1
  • 2
  • 3
  • 4
  • 5
  • →
01234678910111213141516171819

Get this podcast on your
phone, FREE

Download Podbean app on App Store Download Podbean app on Google Play

Create your
podcast in
minutes

  • Full-featured podcast site
  • Unlimited storage and bandwidth
  • Comprehensive podcast stats
  • Distribute to Apple Podcasts, Spotify, and more
  • Make money with your podcast
Get started

It is Free

  • Podcast Services

    • Podcast Features
    • Pricing
    • Enterprise Solution
    • Private Podcast
    • The Podcast App
    • Live Stream
    • Audio Recorder
    • Remote Recording
    • Podbean AI
  •  
    • Create a Podcast
    • Video Podcast
    • Start Podcasting
    • Start Radio Talk Show
    • Education Podcast
    • Church Podcast
    • Nonprofit Podcast
    • Get Sermons Online
    • Free Audiobooks
  • MONETIZATION & MORE

    • Podcast Advertising
    • Dynamic Ads Insertion
    • Apple Podcasts Subscriptions
    • Switch to Podbean
    • YouTube to Podcast
    • Blog to Podcast
    • Submit Your Podcast
    • Podbean Plugins
    • Developers
  • KNOWLEDGE BASE

    • How to Start a Podcast
    • How to Start a Live Podcast
    • How to Monetize a Podcast
    • How to Promote Your Podcast
    • Mobile Podcast Recording Guide
    • How to Use Group Recording
    • Podcast Advertising 101
  • Support

    • Support Center
    • What’s New
    • Free Webinars
    • Podcast Events
    • Podbean Academy
    • Podbean Amplified Podcast
    • Badges
    • Resources
  • Podbean

    • About Us
    • Podbean Blog
    • Careers
    • Press and Media
    • Green Initiative
    • Affiliate Program
    • Contact Us
  • Privacy Policy
  • Cookie Policy
  • Terms of Use
  • Consent Preferences
  • Copyright © 2015-2025 Podbean.com