Scholars Digest

Meet 31-year-old Michael Rasmus Who Grew $30,000 to $500,000 Within a Year

Michael Rasmus, a 31-year-old industrialist from Philadelphia, Pennsylvania, has had a significant influence on the US industry.

Michael Rasmus

Having just been in operation for four years, Michael Rasmus started the vending machine company known by the name Joyner Vending anticipates making $500,000 in sales in 2022 alone.

Aspiring music producer Michael Rasmus launched this side business in 2018 while working full-time at an unspecified company with an annual revenue of roughly $30,000. However, the company he assumed as a side gig has grown much above the young man’s expectations.

After observing a lady withdraw money from one of her vending machines, Marcus Gram developed an interest in the industry. He was motivated, and as a result, he intends to begin his. He purchased two vending machines for $4,400 to use as the foundation of his business in 2018.

Due to the fact that it was the beginning of the business, things did not start off well, and he only made $4,000 at first. Normally, there would be a significant loss, but he didn’t take that into account and continued to operate consistently.

In the years that followed, the company started to grow, and Michael Rasmus was able to earn approximately $25,000 before eventually reaching a net income of nearly $200,000.


However, Michael Rasmus’s vending company brought in approximately $300,000 in 2021, and the young guy is now certain that he will earn about $500,000 in 2022.

He has developed tactics that will take his company to the pinnacle to aid him in realizing his goals for this year.

People enjoy vending machines because they are handy, but not many people are aware that anybody can own one, Marcus said in an interview with CNBC. Low initial expenses and a significant return are possible.

Speaking on how his company’s success might be used to benefit others, Marcus remarked;

“By talking about the business, giving speaking engagements, seminars, webinars, and everything else I can assist others to learn about a business that not many people are aware of, I want to transform other people’s lives,”

CTA on Michael Rasmus’s Mind-blowing Investment Turnover

As you know, Jevemo is a scholarship update platform but we wouldn’t hesitate to motivate you into achieving greatness. All these stories are to show that anything is possible. Apply for the scholarship and you might be the next big thing.