FROM BANKRUPTCY TO OVER $100K
95% EASIER THAN A FOOD TRUCK?
I talked with Ben Wilson of HotDogCartStore and posed these questions to him. He has had the fortunate position of being able to talk with tens of thousands of vendors over the years and still teaches and helps thousands each year.
There are is no fool-proof, bonafide way to know exactly what vendors average because:
- Some vendors will not share earnings;
- It’s still mostly a cash business and many vendors treat it as such;
- Some vendors “poor-mouth” themselves to others to discourage competition.
Based on real numbers from vendors that do share real earnings, the numbers are across the board. Most vendors don’t work full-time even though they are considered full-time. Most vendors work 3-4 hours about 4 days a week.
From what research we could do including from Vienna and Vendors United, we found that many average about $67,000/annually.
Pro vendors, which really aren’t working any more than others but are securing better locations and offering catering, drop off catering and other income generators to their businesses are doing well over $100,000/annually.
Ben says a safe bet is $200 in profits a day for a newbie vendor. This is a vendor that does their due diligence and learns what they can and gets started finding and recording the best locations through test marketing.
A new vendor can easily make $1600/weekly and with a few months of experience and good record keeping can double that immediately. Ben teaches vendors how to make $100,000+ their first year because he knows it can be done. He started part-time in a little town in East Tennessee and made over $120,000 his first year.
“…it’s like digging a hole - no magic, no luck or chance involved… simply stick the shovel in the dirt, scoop out dirt and wa-la… you have a hole.”
Ben made a course just for our readers to download absolutely free... You can learn more about Ben’s story and download the course below
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HOT DOGS SAVED HIS MARRIAGE
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