An ATM business is widely considered to be one of the most reliable ways to earn passive income these days, but how? Having been in the ATM business game for years, our team at National ATM Wholesale knows a thing or two about making a healthy profit from our passive income earnings. In this post, we identify the two basic steps involved in earning passive ATM income.
Step One: Lay the groundwork for your ATM business
Before you start making any passive income from your new ATM business, there are some upfront investments you must make. These upfront ATM costs include:
- Buying the actual ATM: The cost of an ATM machine can range from as low as $1,000 to as high as $10,000. At National ATM Wholesale, we sell a wide range of ATM machines by Hyosung, Genmega, and Triton.
- ATM insurance: Having insurance is the best way to protect your business in the event of crime, equipment loss, and liability. Just like any other type of insurance, you’re likely to find the best deals by shopping around.
- Vault cash: ATMs need a steady cash supply to properly serve customers — meaning, you need to be able to load several thousands of dollars of cash into your ATM. At National ATM Wholesale, we offer a vault cash program that simplifies cash access for your ATM business.
When you add up all the upfront costs of an ATM business, it may seem like a lot at first. However, keep in mind that your start-up costs begin paying off from the moment you place your first ATM. That brings us to the next step in earning passive income with ATM machines…
Step Two: Pay off your initial start-up costs … and profit!
Depending on how strategically your ATM was placed, you can easily earn tens of thousands of dollars each year from a single machine’s fees. With such a robust rate of return, it does not take long to pay off your initial business start-up costs and begin profiting.
Aside from any ATM fee revenue you’re sharing with merchant partners, the ongoing overhead costs for an ATM is close to nothing. If your ATM is installed in an already existing business, you don’t even have to pay for electricity. (Of course, you can enjoy an even greater profit if you already own the property an ATM is installed on — no need to pay someone else a cut of your money.)
Since many ATMs may be used 24 hours a day, 7 days a week, you’re literally making money in your sleep. Now that’s passive income!
Have more questions about how to earn passive income with an ATM business? Give National ATM Wholesale a call at 1-866-295-2329.