114. Homeless to $40,000 Per Month With Michael Jones

Send us a text

This episode of the Laundromat Resource Podcast is probably the most incredible episode you'll ever listen to. Michael's story of struggle and sacrifice after leaving the corporate job he hated, only to have to sleep in his laundromat and work non-stop is inspirational. But, the level of detail Michael gives on HOW he 10x'd his business is insane!

Michael takes us through the ads he uses, the strategies he employs, the reason he uses social media (it's not what you think), why he has a blog, how he gets commercial wash and fold customers, and so much more! He shares slides and screenshots, so check out the video if you want the visuals.

This episode is possibly the BEST interview yet and no matter where you're at on your laundromat journey, be prepared to get schooled. 

20:39- How did you overcome the fear of investing money?
28:42- It was too good to be true.
32:36- The one good thing that kept the business alive.
37:03- What changed from desperate to hopeful.
48:22- The critical principle of speed.
52:53- How to reinforce the habit of coming to the laundromat
1:00:03- The numbers that really matter.
1:05:28- The competitive game of longevity.
1:10:53- How much residential vs. commercial business wash and fold?
1:26:09- Turns per day vs. profit.
1:44:42- How to get the most traffic to your page
1:53:29- Three kinds of ads you want to run for your laundromat

Show Notes- See the video segments and full video interview here
https://laundromatresource.com/show114

Show Sponsors

AtmosphereTV- 50+ channels of positive, fun TV programming, allowing you to cut your cable bill and create a great atmosphere in your laundromat! Get the registration fee waived by using this link!
https://atmosphere.tv/partner/laundromat-resource

Resources
Waleed Cope's Podcast Interview
Laundromat How-To
Canva
Pexels

Get Connected
Join Laundromat Resource
Laundromat Resource Coaching
Laundromat Resource Courses
Laundromat Resource Forums
Laundromat Marketplace- Sell Your Laundromat [free listings]
Diligence Capital Investments
Laundromat Investor Resources
Laundromat Resource Events
Laundromat Resource Blog

Connect with Michael

[email protected]
Daytonalaundromat.com
facebook.com/daytonalaundromat

Connect With Us
YouTube
Instagram
Facebook
LinkedIn
Twitter
TikTok