The Cool Success of Steve Slagle's $33,000 A Year, Passive Ice Vending Side Hustle

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Welcome to another exciting episode of Side Hustle City, where we explore the journeys of those who dare to turn their passions into profit. Today, we have the pleasure of hosting Steve Slagle, a savvy entrepreneur who defied the odds by transforming his side hustle of selling ice at his beach bar into a significant source of revenue. He was even featured in Business Insider with the headline "I made $33,000 last year from my ice vending machines. Here's how I started this almost passive income that only takes 2 hours a week". Strap in as we explore the ins and outs of the ice vending machine industry, from the inception of Steve's 'destination ice' business model to its current successful operation in Florida.
As we delve into Steve's world, we'll navigate the labyrinth of negotiations for vending machine locations and the compensation model with landowners. Through Steve's experience, we unearth the value of maintaining positive relations with landowners and the significance of offering a dependable fixed rent notwithstanding the machine's performance. We'll also take you behind the curtain to reveal the nitty-gritty of partnering with manufacturers, obtaining permits, and handling installation and delivery.
Lastly, we unpack the financial elements of the ice vending machine business as Steve shares his experiences with loans, interest rates, and the potential revenue of the company. Steve will also compare the effort-profit ratio of the ice business to other investments like property purchases. Stay tuned to the end as we discuss the power of word-of-mouth marketing in this niche business. If you're seeking your next side hustle or business venture, this episode is packed with inspiration and motivation from Steve's journey!
As you're inspired to embark on your own side hustle journey after listening to this episode, you might wonder where to start or how to make your vision a reality. That's where our trusted partner, Reversed Out Creative comes in.
Specializing in strategic branding and digital marketing, Reversed Out Creative is an advertising agency dedicated to helping you turn your side hustle into your main hustle. With a team of experienced professionals and a track record of helping clients achieve their dreams, they are ready to assist you in reaching your goals. To find out more about how they can elevate your side hustle, visit www.reversedout.com today and start your journey toward success.
Our blog is also full of great information that we work hard on to provide you with a leg up on the competition. We also recently launched our YouTube Channel, Marketing Pro Trends, which summarizes all of our blog posts.
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1. The Cool Success of Steve Slagle's $33,000 A Year, Passive Ice Vending Side Hustle (00:00:00)

2. Turning Side Hustles Into Main Hustles (00:00:11)

3. Ice Solutions for Vacationers (00:13:14)

4. Negotiating Vending Machine Location and Compensation (00:17:45)

5. Exploring Opportunities for Ice Machine Business (00:27:21)

6. Interest Rates and Revenue Potential (00:40:37)

7. Ice, Water Vending Machine Advantages (00:44:10)