ATM business concept. You own physical automatic teller machines, aka ATMs. You place your ATM into a brick and mortar business. You stock up your machine with cash as inventory like notes of $10 and $20. When someone from the public withdraws $100, you will be owed that $100 PLUS your fee (let us say $3). On the backend, that user withdraws $100 + $3, his bank account transfers $103 to your bank account. You will to restock your machine with cash. Many vendors report net profit of up to about USD 300 per machine monthly.
From the long term perspective; the need for cash is likely to continue falling. For this reason, enter into this business only if you can be certain that your route is very valuable.
Options for entering into the business
The options are similar to those available in vending machines.
- Buy existing routes (ie buy machines and the rights to locations where they are operating)
- Start an ATM business from scratch
- Buy ATM franchises
The easiest option is buying existing routes if the contracts have a lot of remaining time. The market usually involves a wide range of circumstances; from hundreds of machines to just one.
A note of caution for anyone wanting to start from scratch by buying their own machines. Ensure that your machines are compliant with current regulations. Non-compliance often carries hefty penalties.
Competitive advantage options to consider
- Bitcoin options (the fees of which are repaid to your FIAT account)
Location ideas
- airport (franchises usually have these)
- gas stations
- retail stores
- liquor stores are favorites
- gentleman clubs
- nail salons
- barber shops
Marketing ideas
- Google maps telling people where ATMs are located
- Free ATM signs for each retailer
CONTENT RELATED TO ATM BUSINESSES AS A PASSIVE INCOME BUSINESS IDEA
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ATM- ...
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