Michael “Mikey” Wren at age 8, first asked his mother about vending machines. Mike first asked if he could get a snack, but when his mother said no, his curiosity on vending machines tookoff. His mother wouldn’t allow him to buy from the machines because she believed vending machines were not their business and that it was a way for other people to make money off of them. This sparked Mikey’s interest and soon after he asked his parents if he could get his own vending machine to make money. After long conversation and persistence from Mikey, his parents agreed and soon Mikey’s Munchies was started. Now, at just 12 years old, Mikey has five different vending machines in St. Luis, Missouri and he hopes to get more machines established in the area. From Mikey’s story, we see a market of Vending machines that is not a common throughout the business world. Mikey found a market that was lacking in advancement, and he sought to make the industry better by starting his own machines! I have learned that pointing out a market with little growth is an extremely quick way to get a business to boom just as we can see from Mikey’s incredible story.
This is great. I love seeing when people take a market that is very stagnant and try and make it into something new. Also great to see someone so young be the one making this change.
I love this idea, any way to make passive income is smart. I have even thought about doing this myself, I just think it might be difficult to find places to put the machines. So, I give credit to Mikey for being able to buy, stock, and place these vending machines.
I am truly impressed by Mikey’s ambition to set up his own passive business. It is also impressive how he did this at 12 years old! At this rate his curiosity is going to take him far as an entrepreneur.
Very ambitious for a child. It’s fascinating to see how one chance encounter can snowball into something like this. Just goes to show how important curiosity is for an entrepreneur.
This is an interesting idea seeing as it is so popular around the US but for this young boy, he knew he was onto something. He recognized a “want’ and he provided a solution which follows the first law of marketing.
This is an interesting business venture because vending machines are themselves so uninteresting. But this kid was able to see an opportunity to both make money and solve a problem in his life. Vending machines have been the same for a long time, hopefully, he is able to bring some new inovation to accessible sacks.