As A Passive Income?
Saw A Friend Of A Friend Posting About It
Looked Up A Few Things
Sample Annual Gross Profit for Fees
The average ATM customer nationally withdraws $60 dollars per transaction. You’d expect an ATM to have between 8 to 10 transactions on an average daily basis. This would mean that $600 dollars are withdrawn per day. Your fees collected based on $3.00 per transaction would be $24 dollars – conservatively. Assuming your ATM processor fee is $0.20 per transaction, the ATM processing cost is $1.60. Assuming the venue owner cost per transaction is $0.50, their fees are $4.00. The total in transaction fees deducted is $5.60. Your gross profit is $18.40. Your gross profit per 30 day month is $552. Annually, this ATM would generate $6,624 in gross profit.
Starting A Passive ATM Business
Using These Numbers 4 Machines Would Net You $2,208 A Month
How to Start an ATM Business by Buying ATMs With Noah Wilder
The cost to enter the ATM business is amazingly low. Many ATM models can be purchased for under $2,500 including shipping. The cost of not working with an experienced ATM company is the expensive part. The cost of learning from mistakes can get expensive.
A better question is who can operate an ATM. Most investors and entrepreneurs can invest or operate an ATM business unless they have a felony criminal record or have been involved in any type of financial crime.
What are the benefits of investing in and managing ATM machines?
It's very similar to most passive income business models. Benefits include:
Now Granted There’s People Out There Saying ATMs Probably Have About 10 Years Of Life Left, Possibly Less But Maybe This Could Be A Good Hustle For Awhile If You Educate Yourself, So Anyone W Any Experience?
Saw A Friend Of A Friend Posting About It
Looked Up A Few Things
Sample Annual Gross Profit for Fees
The average ATM customer nationally withdraws $60 dollars per transaction. You’d expect an ATM to have between 8 to 10 transactions on an average daily basis. This would mean that $600 dollars are withdrawn per day. Your fees collected based on $3.00 per transaction would be $24 dollars – conservatively. Assuming your ATM processor fee is $0.20 per transaction, the ATM processing cost is $1.60. Assuming the venue owner cost per transaction is $0.50, their fees are $4.00. The total in transaction fees deducted is $5.60. Your gross profit is $18.40. Your gross profit per 30 day month is $552. Annually, this ATM would generate $6,624 in gross profit.
Starting A Passive ATM Business
Using These Numbers 4 Machines Would Net You $2,208 A Month
How to Start an ATM Business by Buying ATMs With Noah Wilder
The cost to enter the ATM business is amazingly low. Many ATM models can be purchased for under $2,500 including shipping. The cost of not working with an experienced ATM company is the expensive part. The cost of learning from mistakes can get expensive.
A better question is who can operate an ATM. Most investors and entrepreneurs can invest or operate an ATM business unless they have a felony criminal record or have been involved in any type of financial crime.
What are the benefits of investing in and managing ATM machines?
It's very similar to most passive income business models. Benefits include:
- Working your own hours
- Excellent annual returns (even on locations that only have three or four users per day)
- Minimal investment, relatively low risk
- Getting to meet and work with great people
- No more trading time for money
- Great ROI
Now Granted There’s People Out There Saying ATMs Probably Have About 10 Years Of Life Left, Possibly Less But Maybe This Could Be A Good Hustle For Awhile If You Educate Yourself, So Anyone W Any Experience?
