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How AI Is Disrupting Vending and Creating a New Franchise Model with Jeff Marsh of SmartMarket Solutions
Description
Episode 99: On this episode of Pursuit of Profit, Cliff talks with Jeff Marsh, founder of SmartMarket Solutions. Forget the days of dusty snack machines in break rooms. Jeff's building a modern tech enabled retail solution powered by AI vision. These are AI powered unattended micro retail units, offering fresh food, drinks and dry goods in high traffic locations. He's helping entrepreneurs launch flexible, scalable businesses with no employees, no franchise fees, no royalties, no long-term real estate commitments, and really no rules. Find out what the best part about being a SmartMarket entrepreneur is... take a listen!
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Timestamps:
00:00 - Intro
02:15 - Vending vs. AI convenience store
09:26 - Technology
12:07 - Why franchise
17:08 - How do you make money (Item 19)
24:03 - Financing a business
26:37 - How does SmartMarket earn revenue
29:46 - How do the machine owners earn extra money
36:32 - Validation data
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Links:
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🌐 Website - https://franocity.com/
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💼 LinkedIn - /cliffnonnenmacher
💼 LinkedIn - /justinguevara
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