ATMs have rapidly increased in number due to the high number of businesses that are introduced into the market every month. In 2017, there were about 3,000 million units worldwide and now about 425,000 in the United State.

1. JOSH MADRID - PROFIT
MAKING IN AN ATM
BUSINESS

2. ATMs have rapidly increased in number due to the
high number of businesses that are introduced into
the market every month. In 2017, there were about
3,000 million units worldwide and now about
425,000 in the United State. Nowadays, nearly
every restaurant, gas station and grocery store has
an ATM service to pull out cash. If you run a brick
and mortar business, you can increase your
revenue by using this device to customer's
satisfaction. Compared to the potential financial
gain, is quite a small investment to get started.

3. How to make money with an ATM?
1. Surcharges
There is usually a fixed range of fee between $1 and $8, and
this is how profit is generated for ATM business and owner.
When an ATM is placed at a particular venue, there is a
special commission directed to the venue owner. Some
charges are not directly placed on customers but the
customer's bank. The gradual accumulation of these can
add up tremendously depending on the number of times
your machine is used daily. How much you will learn
depends on the amount paid out to the ATM processor, its
owner, and the venue owner. The profits are shared
between these parties. Averagely, ATM processes around
300 transactions monthly, with a surcharge of ($3.00) then
the monthly profit would be approximately $900 per month
or $2,000 per year in your pocket.

4. 2. Display of Adverts
Running ads on the machine is another means of making a profit
from the device. Most companies achieve this by placing
screens on the ATMs top and selling advertisements to run on
those machines. Benefit from this will depend on the number of
ads and the kind of ongoing contract.
3. Consider the expenses
The amount of costs has a very significant effect on the overall
profit made in the business. ATM itself has a high startup cost.
To save cost, buying an ATM that is used and in good condition
is most economical. For instance, if your expenses are so
outrageous such that it makes you incur debts, you will be
running at a loss as well as your business is running to the verge
of vanishing. This would not be profitable at all. Generally, it is
advisable to try as much as possible to save cost when starting
any business.

5. 4. Strategic Location
If you have made research on businesses, you must know
that location is essential to the success of any transaction,
and the same applies to an ATM business. The location of
your machine will determine how much profit you will make
per annum, and this will, in turn, determine how fast your
business will grow. To make a profit, you will need at least
a dozen transactions a day and assuming you charge $2
each time. It will be insightful if your ATMs are placed near
an entertainment area where free bank machines are not
in operation. It is strategic if set where people spend more
and quickly run out of cash.
Do well to look into ATM business moguls such as Josh
King Madrid for more knowledge on how to make a profit
in an ATM business.

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