If you need extra money, creating a side income stream is an excellent option. The problem with most side income ideas is that the pay model is that you trade your time for money.
If you have a full-time job, finding the time to work a side gig can be tough. And, trading time for money is simply a losing proposition, in the long run.
The best side income ideas (and the best full-time incomes) are those that aren’t capped by how much time you can spend making money. In short, you need income streams that can be scaled. Otherwise you’re severely limited in how much money you can make, because time is an incredibly finite resource.
With that in mind, the best side income ideas are usually some type of business.
To get right to the point, an ATM business is one of the best side income ideas out there, if not the best overall. Here’s why (and how to turn your ATM business into full-time income, if you want).
Why an ATM business is the best side income idea
There are a few things that make an ATM business unique, as compared to other businesses. Your ATM business can be as large or as small as you want. It’s truly a lifestyle business. Build your ATM business any way you want.
But these are the three characteristics that make an ATM business an ideal side income idea:
The upfront investment is very low.
No matter what, you’ll need to put some capital into your ATM business to get it off the ground. However, it’s a minimal initial investment, compared to other businesses. The upfront cost is low enough that you could easily borrow all the money you need.
You can get an ATM machine for $1500 to $2000. And you’ll need $500 in cash to stock your ATM. So, on the high end, you’d need about $3000 to get your first ATM up and running.
It might not be ideal, but you could conceivably put the entire upfront cost on a credit card. We don’t recommend this. But it’s an option. This is a good article about how to fund your ATM business.
No matter how you do it, the benefit here is that you just don’t need that much money to get started. So, an ATM business is a great side hustle to start with little money.
The time investment is asymmetrical.
If you’ve read the blog of Tim Ferriss, you’ve probably heard the word “asymmetrical” a few times. That’s because it’s a relevant business term, especially for those who want to create lifestyle businesses. Here’s what it means in the world of ATM businesses:
What we mean here is that the return on the time you put into an ATM business is not one-for-one. Meaning that if you invest one hour working on your ATM business, you’ll get more than one hour’s worth of income out of it.
That’s because your ATM (or ATMs) keeps working even when you’re not. The income that you get out of your ATM business scales with the number of ATM machines you own, not the time you put in.
Of course, the time requirement of your business will increase slightly as you add more ATM machines to your fleet. But, the income will scale much faster than the time required. It’s an asymmetrical investment.
Once you’ve got your ATM business humming along, you could spend a few hours a week working on your ATM business, and get part or even full-time income out of it.
The business can eventually run without you.
The ultimate goal for many business owners is to have a business that runs and generates income without them.
It won’t happen right away. But, your ATM business can easily become a self-contained enterprise if you set it up right.
The majority of the work in your ATM business is maintaining and stocking your ATM machines with cash. These tasks can easily be outsourced. There are ATM vaulting companies that can take care of filling your ATMs with cash. And you can easily set up a maintenance contract with an ATM technician.
All of this will add some overhead to your ATM business. But, you can easily figure out how your business needs to be structured to be self-sufficient. Here’s what to do:
Establish your target revenue from your ATM business.
Calculate your average revenue from each machine (most successful businesses rake in between $400 and $500 per month from each machine).
Calculate the cost of outsourcing your ATM vaulting and ATM maintenance. You’ll need to do a little research, since the costs vary by area. Remember that the cost will go up a bit for each additional machine.
Use the average revenue from each machine to determine how many ATM machines you would need to cover your overhead expenses, while hitting your revenue goals.
For the math minded types, it looks something like this:
(Target revenue + overhead expenses) / average revenue per ATM machine = total number of ATMs required
That will tell you how many ATM machines you need to get up and running to create an ATM business that’s almost completely hands-free (sorry, there’s no such thing as truly passive income. You’ll have to get your hands at least a little bit dirty at some point).
If that sounds like creating full-time income, that’s because it is. However, it’s also the perfect formula for creating a side income stream. That’s because your target revenue doesn’t have to be your total life income.
You can set your target revenue at just the additional money you’d like to make from your side business. That will tell you how many ATM machines you need to build a side income stream that’s almost entirely automated.
All this goes back to the fact that you can build your ATM business any way you want. It’s a flexible business that you can build to suit your needs and your life.
Or get the book on how to start an ATM business here.
And, if you want the most in depth training and guides that will help you start making money fast, become an ATMDepot member to get all the training and templates you need to become an independent ATM operator.
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Your first ATM placement is always going to be the most challenging.
Even with the best ATM business resources, the best guidance, and an incredibly supportive ATM processor, you’re still working from limited experience.
But, you’re also working without any references. You don’t have any other placements, yet. So, you have no track record to showcase. That often makes people nervous about signing contracts.
However, there’s a solution to this problem. And, you can absolutely get your first ATM placement without any references.
Here’s how to do it (and exactly what to say).
How to get credibility without references
People ask for references because they want to check your credibility. It’s normal human behavior to assume that if other people trust you, you must be trustworthy.
But, here’s the thing: you can borrow credibility.
In the ATM business, the easiest way to do this is to borrow credibility from your business partners. The easiest partner to borrow credibility from is your ATM processor.
If you think about it, as an ATM operator, you’re essentially selling the ATM processor’s service. The ATM machine is just the computer. But, it’s the connection to the bank that makes the money transfer possible. And, that’s what your ATM processor provides.
So, you can position yourself as a local representative for your ATM processor. That way you can borrow your ATM processor’s reputation to build credibility for yourself.
Obviously, this only works if your ATM processor has a reputation. For example: ATMDepot operates thousands of ATM machines nationwide. We’ve been in business since 2003. And, our CEO, Noah Wieder, wrote a book about the ATM business. He’s been helping ATM businesses since 1996.
That’s a solid track record. If you work with ATMDepot, you can position yourself as a local representative for ATMDepot to borrow some of the ATMDepot street cred.
Showcase the advantages of being your first ATM placement
Which employees always work the hardest? That’s right. The brand new ones. The new employees are always eager to prove themselves and show that it was a good idea to hire them.
Your first ATM placement is like a new job. And, you’re like that new employee. You’ve got the most to lose. So, you’re going to work the hardest.
Also, since you only have one ATM, that one ATM machine literally gets 100% of your attention. That’s a benefit. So, point that out to the client.
Restate the benefits of working with an ATM operator
Even if you’ve already told them why working with an ATM operator is good for their business, reiterating these benefits will help you close the deal.
Remind the client that your ATM machine will:
Reduce their credit card transaction fees.
Encourage customers to spend money in your client’s business.
Generate ATM transaction fee income (if you give a portion of your transaction fee to the business owner, which is a good idea).
Take the ATM maintenance responsibilities off the business owner’s plate.
Add potential ad space to the client’s business.
This is a classic sales formula: tell them, tell them what you told them, then tell them again. When you restate these benefits, you’re doing the “tell them again” step.
It strengthens your position when you remind the business owner that working with you is an investment, not an expense.
And, depending on how your ATM deployment service is structured, they may not even have to invest much money. The investment might be just the floor space for your ATM and the (very slight) increase in their power bill.
What to say to your first ATM business client
So, we’ve covered the principles that you need to apply. But, we’re going to make it easy to apply them with a script.
Our script covers all these fundamental principles, and applies them in the best order to close the deal.
You can modify this script based on your business and your ATM deployment service. But, if you follow it, you’ll have your first ATM placement in no time.
Here it is:
Where else do I have machines?
That’s a great question. And, I understand why you’d be interested in knowing that.
Well, I work with ATMDepot. And, they run thousands of ATMs nationwide.
They’ve been in business for over 15 years. And, the CEO wrote a book about the ATM business. He’s been helping companies like mine since 1996.
I’d be your local operator. So, I’ll be servicing you personally.
This would be my first ATM in the area. So, you know I’ll be diligent.
Rest assured, it’s an investment for me. And, since you’ll be my first location in the area, you’ll get my undivided attention.
I hope to be able to use you as a referral for my next location. And, the only way I know to make sure you give me a good reference is to provide top notch service.
If you give me a shot to run your ATM, I’m positive you won’t regret it one bit.
Within a few months you’ll be telling your friends how you made one of the best vendor decisions of your business life!
I’d like to help you start saving on credit card fees and give your customers more cash to spend in your store as soon as possible.
Now, how about we sit down for 10 minutes. I’ll go over the program, and we can do some paperwork.
That’s it. Very straightforward. Feel free to tailor it to your needs. But, print it out and practice it. That way you never stumble when it comes time to overcome this classic objection.
What to do now
Want to read Noah Wieder’s book about the ATM business? Get your copy.
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As businesses go, an ATM business is relatively simple. There’s not a lot of equipment to maintain. You don’t have to stock any physical inventory. And, you can run the business yourself, if you want.
However, an ATM business plan is still very important, despite that simplicity.
Writing an ATM business plan helps you map out the first years of running your business. And, your ATM business plan forces you to think about all the aspects of running an ATM business, helps you anticipate costs and problems, and creates a checklist for getting your business off the ground.
Additionally, having a written business plan can help secure loans (if you need them) and bank accounts.
Really, your business plan is the first asset you build for your business.
So, let’s get started.
The anatomy of an ATM business plan
An ATM business has all the same high level considerations of any other business. So, the contents of your business don’t need to be special. Your contents page can look just like this:
Executive summary.
Company summary and funding needs.
Products and services.
Marketing plan and analysis.
Management team.
Financial plan and forecasts.
There will be subsections for each of these sections. But, everything will fall under one of these umbrellas.
Your business plan doesn’t need to be a manifesto. As you add the information for each section, a good tactic is to use short headings followed by bullet points. Use the question as the heading, and list the answers to each question in the bullets. That way you can easily reference your business plan when you need it.
These are the questions you need to answer as you fill out each section.
Executive summary
There are three main subsections for your objective summary:
Objectives
The objectives don’t have to be anything super corporate. It’s your business. What do you want your business to do for you in the first year? The first two years? The first five years?
The purpose of your objectives is to set measurable goal posts, so that you know when your business has achieved what you want and if you’re meeting your timeline.
Mission statement
The mission statement is related to what your business does for your customers. The mission should be a direct line to your objectives. What will you do for your customers that will help your business achieve your objectives?
Keys to success
What are the most important things that you’ll need to do to make your business successful?
Be very honest with yourself here. You’re going to be doing most of the work in your business. So, there may be some personal development that’s critical to making your business successful. Or maybe you must secure some additional funding before you can do anything else.
Your keys to success should be mandatory things, the non-negotiables that make the whole thing work.
Company summary and funding needs
Your company summary and funding needs defines who’s going to do what and how you’re going to cover startup and operating expenses.
Company summary
Obviously, you need to define your own responsibilities. But, also define what responsibilities you’re going to outsource.
Are you going to hire a vaulting service for your ATMs?
Will you hire someone to perform routine maintenance and cleaning?
Are you going to perform every installation yourself or have the installation done for you?
Will you pay for accounting and bookkeeping or learn to do it yourself?
Which ATM processor will you use? Will you need to pay processing fees?
You don’t have to do everything. But, everything needs to get done. And, you need to plan out who’s going to do it, and how you’re going to pay for it…
Funding needs
Startup costs
The most obvious funding needs are your startup costs. Typically, you can budget about $5000 for each ATM machine. That covers the cost of the ATM itself and the cash you need to stock it.
However, $5000 is just a general guideline. Identify which ATM machines you’re going to purchase and plan out how much cash you’re going to put in them. That way you can calculate specific costs.
ATM machines vary in price. And, you need to fill them with more money if you want to refill them less often. Define these variables, so you can very precisely define your funding needs. You’re less likely to run into surprises this way.
Operating costs
Also, calculate your operating costs. Be very specific in this category, too. Think about the gas and vehicle maintenance, if you’re driving to restock your ATMs. Include the cost of vaulting your ATM machines, if you’re paying a vaulting service. And, remember to include payroll if you’ll be hiring anyone.
Business formation costs
Lastly, consider the costs of starting a company (C-Corp, S-Corp, LLC, etc.). You can operate ATM machines as a sole proprietor, without filing any paperwork with the state. But, working as an individual, rather than a business, has some drawbacks.
First, you’ll be personally liable for anything that goes wrong. Raising a corporate veil is outside the scope of this post. But, if you’re operating as an individual, everything you own could be at risk.
Also, it’s very difficult to get a business bank account without a business tax identification number. Actually, it might be impossible (but we’re not bankers or lawyers).
Without getting too far into the legal weeds, suffice to say that owning and operating ATM machines without a corporate entity will be very tricky. It’s better to just start a company.
Corporate startup costs vary from state to state. But, you should figure at least $1000 to cover the filing and state fees. But, again, do some research to get precise numbers.
The purpose of this exercise is to determine exactly how much money you will need to get the business started, and how much it will cost to keep things running. That way you know how much you need to borrow, if you’re borrowing your startup capital. And, you’ll know how much revenue you need to keep the ship above water.
Products and services
This one is pretty straightforward for an ATM business: you provide ATM machines to businesses and events.
But, get more specific than that.
How much will your transaction fees be?
What will you do as part of your ATM services?
Will you provide additional products with your ATM machines (i.e. ATM toppers that advertise for businesses)?
As you negotiate contracts with business owners, you’ll find that each ATM placement has its nuances.
The purpose of clearly defining your products and services is to establish boundaries. You need to know what you will definitely NOT do.
Once you have an agreement and a contract to do something, you have to do it. So, you need to plan out your services. That way you don’t end up bound to a contract that’s not good for you or your business.
Having a clear picture of how your services are structured will also help you with the next step.
Marketing plan and analysis
The target market for ATM businesses is fairly predefined. Or, at least more predefined than many other business markets.
However, it’s still a good idea to narrow your focus and gather some intelligence about the businesses you’ll be targeting. There are a couple of ways that you can select a target market for your ATM business:
Focus on a certain area. If you live in a populated area, you can focus on the businesses near your residence. That way your ATM route will be familiar and maybe even walkable. Or, you can just focus your efforts on an area with a lot of eligible businesses.
Focus on a certain type of business. In reality, an ATM owner can help almost any business by providing ATM services. But, if you narrow your scope to a certain type of business—like casinos or gas stations—you can learn about the business, identify some benefits that are unique to those types of businesses, and position yourself as a specialist in that industry.
This may seem counterintuitive. If you only focus on one area or type of business, you’re missing a lot of opportunities, right? Not quite.
First, you can always expand in to serving new businesses and new areas as your ATM business grows.
But, narrowing your focus also works as a sales lever. You can build a unique selling proposition (USP) around being nearby and therefore easy to reach. Or you can use your specialization in helping certain types of businesses as your unique selling proposition.
In short, focusing on a smaller target market makes it easier for you to get your first ATM placements. You can always widen your scope as your ATM business grows.
Management team
The management team might be just you. But, if you have additional team members, define their roles and responsibilities. Don’t leave anyone out.
This is a bit different than defining who you were going to hire. Now, you need to define what parts of the business each person is responsible for and how you’ll measure success.
If you’re the only manager. That’s fine. Define responsibilities and standards for yourself. Starting a business always involves at least a little bit of personal development.
Financial plan and forecasts
The most important part of this section is ensuring that you have a plan to cover all of your expenses and pay off any debts the business has. There are three parts to developing this plan.
Income statement
Your income statement is just a statement that shows your business profits and losses. Before you start a business, there’s obviously not going to be a lot here. But, be sure to prepare one and keep it updated. Most accounting software will run an income statement for you.
Balance sheet
Your balance sheet shows your assets and liabilities. Your ATM machines are assets. If you took out a loan to buy your first ATM, that loan is a liability.
Setting up a balance sheet is pretty straightforward. And, most accounting software will help you construct a balance sheet.
The general rule for balance sheets is that anything which generates revenue is an asset. Anything that does not generate revenue is a liability.
Your cash flow statement just shows where money is coming into your business and where money is going out. This enables you to get a high level view of your income and expenses.
Your account software can also help you with this. But, you can use a cash flow statement template to write out your own cash flow statement.
The point of putting together all these reports is first to prepare for tracking your business finances. Things get messy really fast if you have no idea where your money is coming from or where it’s going. And, building these reports once you’ve been operating for several months is a nightmare.
But, as you construct these reports, you’ll be able to estimate your projected revenue and establish a plan for paying off all your debts, coving your operating expenses, and maximizing profits.
As a note, most successful ATM business owners report that they make about $500 per ATM machine each month. Your numbers may be different. But, $500 per ATM per month is a good starting point for estimating your revenue.
It’s just like personal finance. You need to have a plan for what you’re going to do with your money.
One last thing…
That’s it. Your business plan is all done. There’s just one more thing. And, this is the fun part…
Go back to the cover page of your business plan. Think up a name for your business and add it to the cover page. It might seem weird to do this last. But, it’s a lot easier to think up a clever, relevant business name if you know everything about your business.
Now you’re done. And, it’s time to start putting your plan into action.
Copy and paste the following text into an MS Word or Google Doc to create a template for your business plan:
[ATM BUSINESS NAME]
Executive summary
Objectives
Mission statement
Keys to success
Company summary and funding needs
Company summary
Funding needs
Products and services
ATM service packages
Marketing plan and analysis
Target areas and business types
Management team
Financial plan and forecasts
Income statement
Balance sheet
Cash flow statement
Then fill out each section to write your ATM business plan (remember to add the name LAST). Then, all you have to do is get it done.
If you need help executing your ATM business plan, become an ATMDepot member to get training on how to start and run your ATM business.
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Those are startling numbers. And, it probably seems unlikely that an ATM business is the solution. But, if you look at why the gray divorce rate has skyrocketed, it becomes clear how an ATM business can help.
Here’s a quick story to illustrate the most common cause of gray divorce:
A young couple meets, dates, and gets married early in life—shortly after college. For the next few decades, they spend most of their time building careers, raising children, and preparing for retirement. There’s a lot to do, and they’re both happy to be doing it together.
Then it comes time to retire. Suddenly, the shared goals are gone. And the man has dedicated the majority of his life working. He spent very little time building relationships or hobbies. Or maybe both of the people in this couple spent very little time pursuing things other than work.
The struggle is that retired people often find themselves with nothing to do. And, this can severely strain marriages. When all the work is done, it’s easy to feel that there’s no need for a team anymore.
But there’s more: having nothing to do is no fun. Retirement is supposed to be enjoyable—at least as enjoyable as a fulfilling career, if not more enjoyable. So, it’s easy to feel unhappy in retirement.
That’s what’s caused this spike in gray divorce: a lack of shared goals and things to do in retirement.
An ATM business solves that problem.
How an ATM business can save your marriage from gray divorce
Being an ATM owner is not a way to get rich quick. When you start an ATM business, you’re playing the long game. And, this long game affords people opportunities to build relationships and develop a routine that can sustain them throughout retirement.
Building relationships
One of the most important aspects of owning an ATM business is building a successful route. An ATM route is just the common path you take to refill your ATM machines with cash and ensure they’re in good shape.
The benefit of this ATM route for older people is that it provides a place where you show up regularly and get to know people. Socially, it’s like a bar (but far more productive and profitable).
Additionally, each ATM machine will be located in or near a business, and maybe even a bar if that’s something you’d enjoy. And, you have to develop a relationship with that business owner, because your ATM is on their property. And, these business owners may want to be involved, to some small degree, in the operation of that ATM machine (coupons, promotions, lowered credit card fees for them, etc.).
Developing quality relationships with these landlords, business owners, and property owners is key if you want to have an ATM business that’s all about service. And, your ATM business should be all about service. That will make your business successful and will ensure you keep your customers happy so they’ll stay with you for a long, long, time.
But, more than being an important part of your ATM business, these relationships give you people to do things with once you’ve retired. Your ATM business creates a circle of friends that will last a lifetime.
Productive routines
An ATM business also solves the problem of idle time in retirement.
Once you’ve set up your ATM route, you’ll obviously need to run that route regularly to keep your ATM machines up and running. This creates a routine that helps retain a sense of purpose and offers shared goals for you and your partner.
But, the best thing about the routine of an ATM business is that your routine can be as busy or as minimal as you’d like. If you want, you could work nearly full time in your ATM business. Or, it can be as part-time as you like.
And, you’re not just keeping busy. Your ATM business gives you productive work. It’s even better than a hobby, in many ways.
Reaching retirement
Although this focuses most on how an ATM business can protect you from a gray divorce, an ATM business can also help you stay married until retirement.
As we mentioned earlier, an ATM business is not a get rich quick scheme. It’s a long game.
But, running an ATM business can provide reliable income that doesn’t require you to grind it out day after day. And, it’s income that you can earn in addition to your professional income. So, an ATM business can certainly make it easier to retire when you want to.
And, the additional income of an ATM business gives you time to develop relationships outside of work and build a marriage that’s ready for the realities of retirement. It’s also a business that gets you out of the house which is a big plus for decreasing the chance of a grey divorce. Plus, you get to enjoy any neighborhood you wish to pursue, make connections, and have fun at the same time.
So, your ATM business isn’t just a marriage failsafe for retirement. It’s also something that can sustain your marriage and life until you reach retirement.
And, what about those who are retired or near retirement right now? You can start an ATM business at any time. Yes, the ATM business is a long game. But, it’s a long game that you can start right now, regardless of where you are in your life. Besides, you can start and ATM business with less than $5,000 and the returns on that money will be much better than the bank and much safer than the stock market. You’re investing in yourself and in your retirement.
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Understanding how to start up and operate an ATM business might be one of the most overlooked parts of owning and operating ATM machines.
Yes, the ATM machines are important. But, most of the time investment actually goes into operating the business. After all, it only takes a few minutes to load cash into an ATM.
There are plenty of resources that explain how ATM owners make money. So, we’re going to focus on the process of starting and running your ATM business.
How to start up and operate an ATM business
Contrary to how it might seem, buying an ATM machine is not the first step. First, you need a place to put it (that isn’t your garage). These are the steps you need to follow:
Identify potential ATM locations. There are plenty of options—gas stations, convenience stores, bars, and so on.
Talk to the business owners and negotiate an agreement to provide an ATM for the business. You will need a contract for this agreement.
Three of these steps actually have very little to do with the ATM machine itself. These three steps are major cornerstones of any business. And, these are the steps that most new business owners struggle with.
So, we’re going to break them down.
Identify ATM locations
In other businesses, this would be called “lead generation.” And, in many businesses, it’s a tricky process that some people never quite master.
But, in the ATM business, identifying leads can be as simple as visiting nearby businesses, choosing good candidates for an ATM placement, and asking if they have an ATM machine.
If the location already has an ATM machine, that doesn’t mean that you can’t place an ATM there. But, it’s an additional hurdle, since you’ll have to replace the current ATM provider. The business owner may or may not be willing to do that.
Either way, you can generate leads simply by visiting businesses and tracking which ones have ATMs and which ones don’t. Keep notes on locations, and remember locations that may be worth the extra effort to replace an existing ATM.
This list of businesses is essentially your leads database.
Negotiate with business owners
In traditional business terms, this would be the “sales” stage. This is where you actually sell your ATM services to the business owner. And, this can be the most challenging and time-consuming part of the process.
First, you have to convince the business owner to talk to you at all. Business owners are busy. And, people generally don’t like being sold to.
But, even though this is a sales process, it doesn’t have to be salesy.
Approach this as a relationship-building process. It’s important that people trust you and are willing to work with you. Focus on understanding what the business owner needs and helping them solve their problems. The agreement is beneficial to both you and the business owner. Be willing to make the arrangement lucrative for the business owner, and help them understand how it benefits them.
If you struggle with negotiation and sales, it’s wise to develop a script for starting the conversation. It’s impossible to predict how any interaction will play out. But, it’s easier to start the conversation if you at least know what you’re going to say first.
Using a script or some sort of plan also enables you to optimize your negotiation and sales process. If you’ve tried something several times, and it’s not working, try something else. Once you find the thing that works, put it in your plan and stick with it.
You’ll also need a contract for this step. A verbal agreement won’t cut it.
You can get a lawyer to draw up a contract for you. However, this will usually cost about a thousand dollars.
Or, you can use a contract template, which is much more affordable. We offer contract templates as part of our membership at ATMDepot.
You can probably find other templates on the internet. But, if you download a free contract template, make sure that it has all the necessary recitals and protections you need. Your contract is the only thing that protects you in a dispute.
Promoting your ATM
This last step is otherwise known as “marketing.” You’re going to get some organic transactions simply by having the ATM placed.
But, more transactions are better. And, the more people that know about your ATM, the more transactions you’ll get.
You’ve probably seen the “ATM” signs in the windows at gas stations and convenience stores. Adding one of these signs will raise awareness about your ATM.
But, if there are nearby businesses that don’t have ATM machines, go tell them about the new ATM. That way, when people ask if they have an ATM, these other businesses can direct people to your ATM machine.
As a bonus, it’s a good reason to have a conversation with more business owners who don’t have an ATM of their own. It could lead to installing a new ATM.
The business cycle
These three steps will essentially be your ATM business. Yes, there will be accounting and service calls. But, the vast majority of growing your business will be going through these three steps over and over. If you master these steps, your business will boom.
Get leads.
Negotiate an agreement.
Support and promote your ATM.
The rest is just the manual labor of installing the ATM machines and filling them with cash.
It might seem daunting. But, the first step is the easiest: just go out and visit businesses and find out which ones have no ATM. It’s simple, and you’ll start building your book of leads.
After that, you just need to follow up with your leads. Then, go through the core business steps to start up and operate an ATM business.
Need more help mastering these core business cycle steps? Get contract templates, sales scripts, and tons of other resources for starting and scaling your ATM business from ATMDepot.
https://i0.wp.com/atmdepot.com/wp-content/uploads/2019/11/FtImg-_-ATM-Business-Basics-Part-II_-How-to-Start-Up-and-Operate-an-ATM-Business.png?fit=800%2C800&ssl=1800800James Millerhttps://atmdepot.com/wp-content/uploads/2022/12/ATM-Depot-Logo.pngJames Miller2019-12-09 07:00:382024-12-05 20:55:14ATM Business Basics Part II: How to Start Up and Operate an ATM Business
Building relationships
Promoting your ATM