The Ultimate Side Hustle Idea

There are tons of side hustle ideas out there. However, most of them require you to consistently invest time, which is basically just getting a side hustle job. Or, you need to invest a lot of time, effort, energy—and maybe money—up front, which will pay off… Someday.
But, there’s a side hustle that gives you an almost immediate return on a relatively small investment. If you’re thinking, “buying ATM machines,” you’re right.
An ATM machine will almost immediately generate income. And, you can get great deals on used and refurbished ATM machines. So, the barrier to entry in the ATM business is low, and the ceiling is virtually non-existent. You can own as many ATMs as you want.
But, the best part is that it takes very little time to maintain and operate your ATM machines once they’re installed. This means operating ATM machines is a true side hustle that will have very little impact on your full-time job or free time. And, your ATM business could easily replace your full-time income.
Here’s what makes owning ATMs such a great side hustle to make money without giving up your evenings and weekends.

Generate Passive Income

ATM Business Passive Income Family Time
Most side hustle jobs are just that, jobs. They require a lot of time. They might pay an hourly wage. It’s a good way to make some extra money. But, it’s also a good way to end up working even when you’re not at work.
On the other hand, an ATM machine only has two major time investments:

  1. The time it takes to install your ATM.
  2. The time it takes to fill your ATM with cash.

Other than that, your ATM machine sits and makes you money without your help. The time investment in operating an ATM is low enough that you can easily run multiple AT machines without hiring anyone (or giving up your social life).
With enough ATM machines—and not even that many—you could easily add a second full-time income stream without quitting your full-time job.

Learn New Skills

If you’re considering a side hustle, acquiring new skills can often be beneficial, particularly if you’re aiming to diversify your income streams or transition into a new career.

Owning ATMs does introduce you to new skills, albeit straightforward ones. Certainly, you’ll need to understand the basics of setting up and installing an ATM. While this might sound daunting, it’s pretty straightforward once you’ve learned the ins and outs.

There is a training system designed to efficiently guide you through this process, ensuring you can learn these skills quickly and effectively — it’s the ATM Business Road Map training system. We like to call it an ATMDepot Academy.

In contrast to many other skills that can take months or years to master and additional time to gain the necessary experience for a substantial income, learning how to operate ATMs is much more time-efficient.

This efficiency means you can start generating income sooner, making it an attractive option for those looking to establish a new income stream quickly.

Incredibly Simple Business Operation

There’s real estate, affiliate marketing, funnel building, and other businesses that are marketed as amazing side hustles or primary income streams.
However, all of these are deeply involved businesses.
You Can Start an ATM Business Today!
You have to find houses to flip, and fix them up to make them saleable. Or you have to build an audience to get enough traffic for your affiliate offers. And, you can’t make money with a funnel if you don’t have a product to sell.
The reality is that these side hustles aren’t really side hustles at all. They’re full-time jobs.
In contrast, all you have to do in the ATM business is buy an ATM, find a location, and install it. The ATM company handles the backend business operation. All the payments, reporting, processing, and other business operations are off your plate.
All you have to do is make sure your ATM has cash in it, and watch the transaction fees roll in.

Low Upfront Investment

Let’s talk about the cost of an ATM.
An ATM machine costs a rough average of $2,548. Keep in mind, that’s the average price. You can get ATMs for much less. We’re using the average for the sake of comparison.
You’ll also need around $2000 in cash to stock your ATM with $20 bills. The total to setup an ATM and start making transactions is about $4,548.
$4,548 might sound like a hefty investment. But, the cost of the ATM is a one-time expense. You can use the same $2000 for restocking your ATM. It’s cash you need on hand, not a direct expense.
$4,548 is actually quite modest when you compare it to the upfront costs of other side hustles:
It’s much less than the cost of buying a house to flip (and far less risky).
More affordable than all the months of paying rent and living expenses without your side hustle income while you learn something like coding or build your affiliate marketing audience.
Lower long-term cost than the overhead expenses of subscription services like ClickFunnels, which eat into your profits, and actually add up over time to far more than the cost of an ATM.
The only reason the initial cost of an ATM seems high is because you may have to pay it in a lump sum. But, it’s a much more affordable investment than many other side hustle businesses. It comes with no persistent overhead costs. And, buying an ATM costs you almost no time.

No-Risk Income

Last, but not least, is the risk. All side hustles involve some risk. Even if you’re just going to a side hustle school to learn a new skill, there’s a risk that you won’t be able to find work using that skill. Think of all the college graduates who never use their degree. The same rules apply to learning side hustle skills.
Investment side hustles like real estate and investing carry even more risk because there’s no way to guarantee a return on your money. Stocks tank. Houses sit on the market for months or years.
But, an ATM machine reliably generates income (unless you hide it in a dark alley, behind a dumpster or something like that).
It’s true that some locations get more traffic and more transactions than others. But, if you put an ATM where people can see it, they’ll use it. And, you get 100% of the transaction fees.
Cash still accounts for 30% of all transactions, and 55% of transactions under $10. And, $10 transactions are exactly what you want, since most people will get a $20 out of an ATM for a $10 purchase, which means you get more transaction fees without having to refill your ATM as often.

The No Hustle Side HustleEarning Money from Passive Income ATM Business

Side hustles are a great way to earn some extra income. But, most side hustles just turn your spare time into extra cash.
With an ATM machine, you dependably turn cash into more cash. Just get an ATM. Install it. And start generating income. You could do it over a weekend.
No, you won’t get rich quick. But no side hustle is intended to make you rich fast. It’s about creating reliable long-term income. And that’s exactly what owning an ATM does for you.

Key Takeaway

So, if you are dreaming of shaking off the 9-to-5 routine and diving into a side hustle that’s both rewarding and manageable, the ATM business might just be the perfect fit for you! 
It’s a fantastic way to build a steady, semi-passive income while being your own boss, and it’s especially suited for those who are in it for the long haul, not just a quick cash grab.
Noah Wieder, CEO of ATMDepot.com, has put together an amazing ATM Business training system. With over 30 years of experience in the field, he’s the go-to guy for learning all the ins and outs of the ATM world. His training program is super helpful, guiding you through the basics and beyond, and making sure you avoid the typical newbie mistakes.
What’s really great about Noah’s approach is that he keeps it real. You know those online “gurus” who promise you the moon with minimal effort? Well, Noah’s not about that life. He’s here to give you the straight scoop, no fluff or unrealistic expectations.
So, if you’re seriously considering a side hustle that’s not just about making quick money but building a solid, long-term income, the ATM business could be your golden ticket. It’s not a get-rich-quick scheme, but with the right training, just like the ATM Business Road Map, and a bit of dedication, you can definitely pave your way to financial freedom.

ATM Outsourcing: More Opportunities for ATM Owners

The Rise in ATM Outsourcing

ATM outsourcing is nothing new. Financial institutions have been outsourcing ATM services since the 90s. However, the demand for ATM managed services could spike as banks perfect their online banking services and regulations require more ATM updates.
ATMOutsourcing - Drive Up ATMsTraditionally, banks only outsourced off-site ATM machines that were difficult to keep stocked with cash and maintained. However, ATM outsourcing became such an attractive offer for banks that some banks outsourced their wall ATMs at drive-up and walk-up locations.
Now, ATM outsourcing is even more attractive in the wake of the EMV update, with another hardware update on the way with the Windows 10 transition. The update costs are significant. And banks are working to consolidate their physical branches, without limiting customer access to banking services.
Additionally, ATM machines aren’t a major source of revenue for most banks. They usually offer free transactions to their customers. So, most of the transactions generate no revenue.
Banks will likely have to eat the cost of the free ATM transactions for their banking customers. But, offloading ATM update costs, maintenance, and ATM vaulting to an ATM managed services provider could easily offset the lost transaction revenue.
And finally, banks don’t want to abandon their ATM services completely. ATM machines shorten bank teller lines and minimize stress on their customer service staff by enabling customers to self-serve for simple transactions.
So, handing the entire ATM operation over to ATM managed service providers is a cost-efficient move for most banks.
This is good news for ATM owners since it means more opportunities to provide white-label ATM solutions in very good locations. However, there are a few things you’ll need to make your services attractive to banks.

ATM Deposits

Most bank branch ATMs accept deposits. Now, the bank may be okay with losing the ability to accept deposits through the ATM machine when they outsource the service. But, that depends on the location and what percentage of the total transactions are deposits.
This means that you’ll be in the best position to scoop up an ATM managed services contract if you have ATM machines capable of accepting deposits and an ATM processor that can communicate with the bank’s system well enough for more than just cash withdrawals.
Banks have historically accepted outsourced ATMs that didn’t accept deposits. However, it’s likely that banks will prefer deposit capable ATM machines in the future as they look for cost-efficient replacements for full-service bank branches. So, accepting deposits will help future-proof your outsourced ATM operations.

Wall-Mount ATM Machines

ATMOutsourcing - Wall ATMs
Standing ATMs are appropriate for some off-site bank ATMs. However, it’s likely that banks will prefer bundled services for their ATM machines. Meaning, they’ll want their ATM managed services provider to supply their branch ATMs in addition to the off-site ATM machines.
Be prepared to offer a wall-mount ATM as part of your package when you’re pitching your services. Branch ATMs are likely to get a lot of traffic, and the bank will be paying the transaction fees. So, supplying a wall-mount ATM machine can be a big win for you.

Updated ATM Machines

You’re probably in the process of updating your hardware to accommodate Windows 10, if you’re already in the ATM business. But, if you want to take advantage of ATM outsourcing opportunities, you may want to speed up the process.
Avoiding update costs is a major reason that banks want to outsource their ATM services. So, it’s pretty much mandatory that you can offer ATM machines that will be compliant past 2020.
Fortunately, most new ATMs will be capable of handling Windows 10. But, future compliance is an important thing to check if you’re purchasing used or refurbished ATM machines.
Either way, the deadline for upgrading ATM machines to Windows 10 will be here sooner than you think. If you want to ride the ATM outsourcing wave, you should concentrate on getting your fleet compliant while banks are still looking for ATM managed service providers to take care of the update for them.

ATMOutsourcing - Signing SLAService Level Agreements

ATM owners are familiar with these. But, service level agreements are vital when working with banks.
First, the terms of your service level agreement can be a selling point for your ATM services. It removes the risks of ATM outsourcing for the bank and makes your offer more appealing.
But, you’ll most likely need to include things in your service level agreement that meet a bank’s requirements for any ATM, such as armored truck service for ATM vaulting.
Most banks also won’t accept an ATM managed services contract that doesn’t have a service level agreement.
So, if you haven’t developed one yet, you should create a template for your service level agreement. That way you won’t miss anything during your negotiations.

Other Businesses That Need ATMs

While banks may be a major source of ATM outsourcing business, they’re not the only ones who may need ATM machines from an ATM managed services provider.
Many banks have micro branches inside grocery stores, malls, and shopping centers. As banks consolidate their physical locations and move more services to online banking, many of these micro branches will close.
This leaves these locations without an ATM. And, that means opportunities for ATM owners to capture more high traffic locations with dedicated user bases.
So, even though the required ATM updates may present additional expenses for ATM machine owners, they also offer new ATM outsourcing opportunities. And, that’s new business that could more than cover the cost of ATM updates in the long run.

[Infographic] Bitcoin Business vs. ATM Business: Fees Explained Simply

Bitcoin. Who hasn’t heard of it? News of this new form of digital currency is sweeping the nation. Every day it seems we hear of someone else making lots of money from blockchain in the Bitcoin Business. Needless to say, it keeps us interested. But, there’s been a pretty big downfall to investing in the currency lately. Transaction fees are becoming quite a problem. In December 2017, a man moving $25 of Bitcoin paid a $16 fee to do so. According to CNBC, people are paying $28 on average to make Bitcoin transactions. The average transaction fee at an ATM machine is currently around $4. Both fees have been increasing, but Bitcoin’s transaction fee is doing so at a significantly higher rate.

What is Bitcoin?

In its simplest terms, Bitcoin is a digital currency. A cryptocurrency. Created in 2009 by anonymous user Satoshi Nakamoto, the goal was to create a decentralized electronic cash system. Decentralization is one of Bitcoin’s most important characteristics. This means that no single institution controls the bitcoin network. This puts people that don’t like institutions to have control of their money at ease. Another defining difference between common currencies and Bitcoin is pseudonymity. The system does not need to know the identity of any parties involved when Bitcoin is transacted. This anonymity attracts illegal activity which takes up almost half of Bitcoin transactions at the moment.

What is Bitcoin Infographic

Source: http://mompreneurasia.com/wp-content/uploads/2017/06/btc-1024×690.jpg

Transaction Fees in the Bitcoin Business

With so many success stories in the media, people are rushing to enter the cryptocurrency business. Transaction fees are usually the first and most visible cost that everyone in the network will experience. With more users joining in, fees are increasing. According to the graph below, transaction fees for Bitcoin in October 2017 total over 22 million dollars. The average transaction fee around that time: around $60.00. The biggest pain point most people in the network have is how much the fees are fluctuating. If you enter the Bitcoin business, it is in your best interest to check www.cryptofees.net daily, or a similar site, to find out the current average transaction fee. The constant variations and shifts keep Bitcoin miners on their toes.

Bitcoin Transaction Fees - Graphic

source: https://web.archive.org/web/20181020203539/https://cryptovoices.com/network-transaction-fees/ (2018)

ATM Business Transaction Fees

One of the most common fees we encounter every day has been rising as well. ATM surcharges have reached an all-time high. CNBC reports Pittsburgh has the highest current average at $5.19 while San Francisco has one of the lowest at $3.90. The slowly increasing fee ensures Independent ATM Deployers continue to make a good amount of passive income. As averages continue to rise, remember to update your ATM surcharges to ensure you make more money.

Interested in learning more about the ATM Business? You’re in the right place. Don’t leave this page without getting the information you need. Download our FREE ATM Business Guide by clicking the link below.

Download Your Free Guide

ATM Fees Increasing Over Time

source: http://time.com/money/4966816/atm-fees-all-time-high/

TX Fees vs. Surcharge

Although ATM surcharges have been increasing, the fee doesn’t fluctuate as fast as Bitcoin transaction fees. The average annual increase, according to Bankrate 2017, has been 4.7% over the past 19 years. Bitcoin transaction fees are different for each transaction. On this day, the minimum Bitcoin transaction fee charged is recorded at 0.0963%, however, the largest fee recorded is 29.3309%. That’s right. Someone paid $43.00 to send $103.61. Good thing we don’t have to pay a percentage to withdraw money from an ATM.

The average ATM surcharge has been increasing lately, but it’ll be a while before it’s equal to that of Bitcoin. Most people are wondering whether getting into the Bitcoin business would be beneficial. The answer is … probably. If you’re wondering whether getting into the ATM business is profitable, the answer is yes. IADs are racking up on these surcharges that happen to increase each year. You may have to check daily what you’ll pay to transfer Bitcoin, but surcharges don’t usually change on a daily basis. The ATM business is a lot more secure and reliable, however, the Bitcoin business is definitely booming. We’ve created this infographic to help illustrate the difference between bitcoin fees and ATM surcharges.

Bitcoin Business vs ATM Business Fees

[Infographic] The Bitcoin Business vs The ATM Business Fees

How to Profit from the ATM Business - Free Guide

Put More Money in Your Pocket: Making an ATM Profitable

Finding the Cash

ATM businessIf you have an ATM business, then you’ve already done your research and found it to be one of the most lucrative businesses you could have chosen to be in. The ATM business is easy to manage and operate, and you’re all but guaranteed a profit from your customers…that is, those that can find your machines.

A lot of the problem that most ATM owners face is finding ideal locations to put their cash machines. It may seem that this is a no-brainer since everybody at one time or another needs to get to an ATM machine. Surprisingly however, there are some business owners who are often surprised by the lack of traffic that their machines often get. Is this lack of traffic due to location, visibility, dependability or availability?

Yes, yes, yes, and yes!

Cash machine owners must understand that customers who frequent ATM machines are those who need convenience and flexibility. If your machines are in the right place, at the right time, and at the right locations, then your profits are all but guaranteed, and a happy customer you will make!

Location
ATM locationAlthough it may not seem or sound like a big enough deal, but location is crucial to the success of your ATM cash business. There are definitely good spots AND bad spots where you can position your ATM machines. Put it in the wrong place (or a not-as-good-as-can-be place), and your profits suffer. Put the machine in the right place (such as, IDEAL), and your profits soar. Where are little known and good spots?

  • Outdoor concerts and venues
  • Traveling fairs and carnivals
  • Schools (colleges, high schools, universities)

Visibility

As if location itself weren’t important enough, the visibility of your ATM machine is the second most important consideration for you to look at once you’ve found the ideal spot.

It doesn’t do your machine any good to be in the ideal spot, but no one can see it or doesn’t even know it’s there. Steer clear of placing the machine behind venues where it’s likely the machine won’t be seen. If it’s permissible with the venue’s owners or managers, ask to have signs pointing to where your machines will be located on the property. This is something that is certainly workable with negotiating, especially if there are multiple ATM’s on the site.

Also, when you’re looking for good visibility, also be aware of security and placing the machine where people won’t be worried about using the machine. Place in a well-lit, approachable place where there’s a fair amount of foot traffic, but not too crowded. You also don’t want customers to feel uneasy if there’s TOO much traffic around him while he’s making a transaction.

Dependability

Now that customers know where the machines are located at the fantastic venue or permanent location, you’ll need to be sure that your machines are operating in good condition and well-stocked. There is nothing as aggravating to an ATM customer as to traipse all over the venue or site to get to your machines….and they don’t work!

Make it a point to perform routine maintenance on the ATM machines to ensure that they’re all working properly. Do this especially, and more importantly, before big events. If there are any problems that arise with the unit, have them serviced as soon as possible. In the case of machines that are inoperable for long periods of time, use an alternative solution. If you own multiple machines in the same venue, direct customers to where they can find your other cash machines on the property.

Also, make sure the cash is in the machines, and in sufficient denominations for the customers. This is a task that you will want to check on more often than a couple of times a week, especially if the machine is in a permanent location.

Availability

Where there’s an ATM machine, there will certainly be customers who will use it. With that, there needs to be machines available for them to use. In other words, be creative about where you choose to put your cash machines. If the places are safe enough and have high foot and/or car traffic, then your machine will certainly get some customers and make a profit. But, if there’s not an option for them to use, no one profits on either side.

Just by taking a little time to ramp up your ATM cash machine marketing efforts can make all the difference in your bottom line. Get creative with your placements, and take all of the above steps into consideration with your business. Provide a way for customers to find the cash machines, and you’ll have a way to make your business a successful one.