|Starting an ATM Business
The ATM business is an extremely profitable business that anyone can get into. However, the majority of people just don't know the first thing about how to get started. In this section of our website we outline the basic steps of starting your own ATM business, you can download a free "Starter Kit" (below) or from the download forms section of this website. In this "Starter Kit" we walk you through the entire process from start to finish, a step by step process of getting you started in the private ATM business.
In the past, banks and large ATM networks kept the ATM business their little secret to generating huge profits. The mass production of ATMs and their reduction in costs has enabled the individual entrepreneur to get into the business and compete for those profits and take a piece of that ATM profit pie.
Getting a network of ATMs up and running will require only minimal efforts. But after your machines are in place your efforts required are almost nil and your rewards could be great. One great aspect of this business is you can start with a low up-front investment. Just buy one machine and learn the business. Once you get an idea how everything works and see how easy it really is you can add on to that network 1 machine or 10 machines at a time, its all up to you how big and quickly you want to grow. Get several good locations and you wont need your full time job any longer. If you want to keep your full time job there is no better side business than the ATM business since it requires so little effort. Its also a business that doesn't require the headaches of having employees, you can do everything yourself. If you ever decide to leave the business the liquidity headaches are also minimal since there are always large ATM networks ready to buy you out of your locations.
Below are the 10 simple steps described in detail in the "Starter Kit" to get yourself started in the ATM business:
- OPEN A BUSINESS BANK ACCOUNT / NAME YOUR COMPANY
- FINDING THE LOCATIONS
- LOCATION FINDING SERVICES
- NEGOTIATING THE LOCATION OWNER'S COMMISSION
- SETTING THE SURCHARGE
- ARRANGING FOR THE ATM PHONE LINE / ATM CONNECTION
- THE ATM PURCHASE
- INSTALLING AND PROGRAMMING YOUR ATM
- FILLING THE MACHINE WITH CASH
- OTHER FILLING OPTIONS
- MONITORING YOUR MACHINE(s)
- MONITORING YOUR BANK ACCOUNT(s)