#atm machine business
How Much Can an ATM Machine Make
How much you can earn in the ATM Business depends on where the ATM is located and if it is needed. The main thing to remember about the ATM Business is that it’s just like real estate. Location, Location, Location.
ATM’s can be installed anywhere in the USA. Inside or outside any retail merchant location including but not limited to Restaurants, liquor stores, convenience stores, fast food restaurants, quick service restaurants, casual dining, bars, night clubs, train stations, football or baseball stadiums, concert venues, adult themed locations, Hotels, Hospitals, Condo complexes, Apartment Complex, High Rise Apartment Buildings, coffee carts, mobile events, mounted in trailers, mounted on the back of food trucks, you name it. Anywhere people need access to cash, an ATM can make you a passive income .
If you answer yes to any of these questions, Get our new book The Amazing Money Machine on Amazon now.
- I m a retail merchant looking to increase profits.
- I m an entrepreneur looking for a new business opportunity.
- I m an investor looking to diversify and maximize annual returns.
- I already operate an ATM Business and I want to put more money in my pocket.
- I m an individual looking to make some passive income and would like information about the ATM Business.
- I m an individual, business owner, or part of a group that has locations that need ATMs.
How much can an ATM make?
Well, It’s all about foot traffic, a reason to need money, and other available payment methods. Sometimes just having a lot of people walk by or see the ATM can mean the difference between a good
The ATM Industry has a “rule of thumb” formula that many Independent ATM Deployers “IADs” use as a general rule to determine if a location would be a good candidate for an ATM machine. There are two different schools of thought on this rule, and obviously since there are many unknown variables, no location is a guarantee using these formulas but it’s better than a WAG (wild ass guess).
- The first rule of thumb, or formula says that 3 – 5% of people that actually see an ATM machine in an establishment will likely use the ATM. Say for example, your location has an average of 200 customers visiting each day. One would expect, or speculate that approximately 8 of those 200 people would use that ATM daily.
- You could then take those 8 people, multiply it by the amount of surcharge, then take that figure and multiply it by the number of days of business (how many day’s the location is open) in the year. This will give an ATM owner, or perspective owner, an estimate on how much revenue could be generated from the machine in a year’s time.
- However, most ATM business owners want to calculate monthly revenue and income.
- The 2nd rule of thumb follows the norm that the number of adult patrons an establishment has in a given day, that same number plus or minus 10% will use the ATM on a monthly basis. I prefer this rule of thumb and if the establishment accepts credit cards or gives cash back at the point of sale (POS), the lower end of the rule would apply and it might even reduce the number by as much as 20% – 40%.
- A similar formula is used for hotels or big commercial buildings. With hotels, we take the number of rooms, times the occupancy rate and apply the same plus or minus 10% rule. So if the hotel has 150 rooms with an 80% occupancy rate one might expect 110 – 135 monthly transactions, however if the hotel has any events or banquet rooms, that number would scale higher during those times.
- Similarly with commercial buildings (office building for example) you might take the total number of employees working in the building and using the yearly formula based on how many days a year the companies occupying the building are open. If there is a cafe or for profit cafeteria in the building the estimates would be higher.
Think about it this way. Some of the best locations are where there is a high need for cash and no credit cards are accepted. Swap meets, events, and street fairs, are all great but very temporary. That would be a mobile ATM business which we can also show you how to operate.
We’ll try to boil this down and make it simple. At the very least, if you’re a retail merchant, and you don’t already own an ATM, you could purchase the hardware from anyone (even from us) and once you set up the ATM processing it should at least pay for itself in as little as a few months.
You’ll also need a communication method so the ATM can talk to our processing center. You can choose from a dedicated standard phone line (but since it calls a toll free or local number you’ll just have the cost of the line, no tolls), Internet Service (if you have a high speed model or DLS with a router, you can hard-wire the ATM to your current internet), or you can choose our wireless cellular service which is often less expensive than a phone line and lightening fast.
With the advent of VoIP and certain devices if you have a computer close to the ATM you could potentially use a Magic Jack or other device as long as the ATM can hear a dial tone or pre-dial to get a tone (like dialing a 9, although not as reliable, it would still work). However, intermittent communications can cause more problems that they save you. If there is an issue with communications, transactions could be slow or worse they could be interrupted and customers would not receive money from the ATM getting upset.
If you have a fast internet connection and you purchase one of the new ATMs which includes internet processing, or get a separate wireless device ATMDepot can handle the rest for you. In order of ranking communications as far as ease, cost, and reliability.
- Wireless Device is preferred and is the most reliable.
- Next would be your own Internet service with a hard wire to the ATM Machine.
- Lastly, a standard Dial up Phone line, but this method causes the most communication issues.
If you don’t have an ATM or are considering getting into the ATM business to earn some extra cash or a passive income, you just need to be sure that a minimum of at least 3 – 4 people per day would use the ATM every day (if available 7 days per week).
Obviously if you’re a retailer and are open 10 hours a day that’s just one person using the ATM every few hours. If you’re considering a through the wall machine that faces outside it will be available 24 hours a day but those machines need at least 8 – 10 people per day to make financial sense.
If you already have an ATM or are already in the ATM business and are looking to switch your ATM processing services (you need to check your current ATM agreement for termination clause) you could take advantage of our higher revenue sharing without any costs to you and put more money in your pocket.
If you don’t have an ATM, you can review our ATM Machine equipment options or call us for advice.
Let’s say for example you purchase the new Hyosung Halo. You can install it yourself, but we recommend you let us arrange to have a professional install it and train your staff. This ATM can use wireless communications technology which is under $20/mo so no phone line is required.
We also have a Triton ATM for under $2,500 and carry the full line of Hantle and Genmega ATMs. You will probably invest between $2,250 – $3,500 in good ATM machine by the time you’re done with professional installation, signs, or anything else extra you may want for your ATM Business.
Check the background of Motif Investing, Inc. on FINRA s BrokerCheck .
Performance of motifs is for informational purposes only and is based on performance of a motif for a one-year period. Past results are not an indicator of future performance. See how we calculate returns .
Investing in securities involves risks, you should be aware of prior to making an investment decision, including the possible loss of principal. An investment in individual stocks, or a collection of stocks focused on a particular theme or idea, such as a motif, may be subject to increased risk of price fluctuation over more diversified holdings due to adverse developments which can affect a particular industry or sector. Investments in ETFs can include those with a narrow or targeted investment strategy and can be subject to similar sector risks than more broadly diversified investments. Motif makes no representation regarding the suitability of a particular investment or investment strategy. You are responsible for all investment decisions you make including understanding the risks involved with your investment strategy.
Motif Capital Management, Inc. is an SEC-registered investment adviser and a separate, wholly-owned subsidiary of Motif Investing, Inc. a registered broker-dealer and member SIPC.
©2016 Motif Investing, Inc. All rights reserved. Build Id: Master.204
Starting an Open Data Business? Get Help From BusinessUSA
December 15, 2013 By admin
To strengthen America s competitiveness in the global economy, businesses will need to be equipped with the best tools and information available to support innovation and job growth in the 21st century. BusinessUSA is your front door to all the government has to offer. Help us make sure it continues to evolve and grow to meet your needs. Sign up for email alerts so you can be the first to find out about changes to BusinessUSA, and use feedback features on the website to let us know what you think. BusinessUSA is designed by businesses, for businesses. Take ownership today.
BusinessUSA implements a no wrong door approach for small businesses and exporters by using technology to quickly connect businesses to the services and information relevant to them, regardless of where the information is located or which agency s website, call center, or office they go to for help. Looking forward, the more federal agencies continue to add resources to BusinessUSA to encompass the full range of business programs and services, the more we will be able to reduce the confusing array of websites that exist today.
4 Responses to Starting an Open Data Business? Get Help From BusinessUSA
I m looking for open sources of data about businesses in the USA. Please let me know what open sources I have available to me. Thank you!
JITENDRA KUMAR CHAMPATI
We have a data center. Which is providing data entry solution to clients.
I am a Data Scientist starting an open data business. As I would like help, please, advise on help available from BusinessUSA.
I am interested i building a unified database of streets, roads, ave, in the entire USA. If already exists, I d like to know how to access it.
Comments are closed.
Writing an Effective Business Document
Professional Writer and Editor
Though the format for writing has changed, people are doing as much writing (if not more) than they ever have. Writing effectively allows you to express your ideas clearly and coherently, and it is an essential part of corresponding with others in the workforce.
Most Jobs Require Writing e-mails, letters, memos, reports, analyses, project summaries, product descriptions, and the list goes on. The ability to write well is essential in obtaining a job (think r sum s and cover letters), in performing the job, and in being promoted. Those who do not write well and who make obvious grammar, spelling, and punctuation errors are at a disadvantage in the corporate world. To preserve your professional image, make sure that your writing is as effective as possible by following these guidelines:
Know the Purpose and Scope of Your Document
Before you begin writing, know the purpose for which you are writing and what you want your document to accomplish. As you write, keep your primary objective in mind (you could even type it at the top of your document and refer to it throughout the writing process, if needed; you can delete it when you are finished with the initial draft), and never stray from it. However, if in the course of your writing you discover that your focus has changed, that s okay. Simply make sure to revise your writing as needed to reflect your new purpose in order to maintain a clear, coherent document.
Tell readers early on how they will benefit from reading your document what they will be able to accomplish, what information they will be able to gain, what product or service they will be able to purchase that will make their lives better or easier, or in what other way they will be able to benefit from reading your document..
Identify (and Write to) Your Audience
Knowing to whom you are writing will help you determine the tone and content of your document. If you re not exactly sure who your audience is, ask yourself who you are writing the document for or who is most likely to benefit from what you are writing. If you are writing with the intent of selling a product or service to someone or promoting a cause, you may want to ask yourself: What age are my intended readers? What s their background? Where do they live? What stage of life are they in? What are their interests? What is important to them? These and similar questions will help you to target and write to your audience.
As you write, do be careful of technical and other jargon, acronyms, and abbreviations. Unless you are writing for a very specialized field, it is best to avoid jargon and to spell out acronyms and abbreviations on their first use. No matter your audience, you generally don t need to be overly stuffy or formal; a normal, conversational tone will usually do the job.
Understand the Needs of Your Reader
Once you have identified your audience, try to anticipate the information that your reader will want or need, and identify and include that information in your document as you write. Also try to address any potential arguments or concerns readers might have, and address those, as well.
Organize Your Document
Follow the standard format for the type of document you are writing, whether it be a memo, letter, e-mail, r sum , report, advertisement, project summary, or other communication.
For longer documents, start with an outline, and work from there. The beauty of word processors is that you can easily restructure your ideas later if necessary. Creating an outline helps you determine early on if you are including all of the information that you need to. To help you be as complete as you need to be, ask yourself who, what, where, when, why, and how. Who am I writing to? What is my purpose? And so on. Though you will not always need to answer all of these questions in your documents, you will probably want to include information to answer most of them most of the time.
In your introduction, tell the reader the purpose of your document and what you want him or her to do. In subsequent paragraphs, group related information together, and generally include only one key point in each paragraph or section. When listing information in paragraph format, use first, second, third, and so forth, or use a bulleted list, in order to help your reader easily follow the organization of your document.
For longer works, also use headings and subheadings to indicate the sections of your document. Such visible structure allows readers to find the information that they need quickly and easily.
In your conclusion, restate the main purpose of your document, and tell the reader what you want her or him to do with the information you are providing, whether that be to buy a product or service, change or adopt a company policy, give you a promotion, etcetera.
Identify the Benefits to the Reader
Especially for advertising, sales copy, and other documents meant to persuade, identify and emphasize the benefits of a product, service, or policy, for example, rather than just its features.
Our newest line of express buses has built-in Wi-Fi, AC power outlets, and individual reading lights.
#new business plan
The 8 Essential Elements of an Annual New Business Plan
The job of an agency new business professional is akin to organizing chaos dictated by demanding pitch schedules. Compounding this, Q4 often brings a flurry of pitch activity known to ruin many a Thanksgiving or Christmas holiday.
And while all this activity helps to fill the pipeline, the timing is unfortunate because it distracts you from the type of reflection and planning that are so important to setting you up for success for the next year or quarter.
I know. It’s tough to add another project to your already overwhelming to-do list, but I urge you to make time to write your new business and marketing plan for 2016. Here are some reasons why it’s well worth squeezing it into your 12-hour days:
- It’s the best way to measure your success. And I’m referring to the collective “you” here because it takes the entire agency to make new business efforts effective. An annual plan not only sets expectations for you but also for others at the agency who need to contribute to the agency’s success.
- You’ll learn a lot! It gives you an opportunity to reflect on the past 12 months and accurately set projections for the year ahead.
- It sheds some light on what the heck you do at your agency. For those who are not routinely involved in new business, it can seem like a black hole of mystery. Sharing your plan — whether to an executive committee, department heads, or even the entire staff — adds clarity and gives everyone something to aim for.
- Your boss will be impressed. Don’t wait to be asked. Get on your CEO’s schedule to review your outline and discuss your intentions for putting this plan together.
Sometimes the hardest part is getting started, so I’m going to get the ball rolling for you by giving you a basic outline to follow.
8 Elements to Include in Your New Business Plan
1) Executive Summary
This has to be written last, but it should always come first. By starting with a smart, concise summary, you’re showing the same kind of respect for your audience’s time and attention as you would if this were a RFP response.
2) The Team
Define the new business and marketing ecosystem at your agency. Who’s on your team, and what do they do? How did you grow this year, and how are you planning to grow next year? Do you need to hire to achieve your new goals? What kind of operational efficiencies did you introduce?
Analyzing the past year will help you better forecast the year ahead. Where are your opportunities coming from? How many pitches did you participate in? Were they the right ones (in terms of revenue, cultural fit, creative opportunity, etc.)? Did you wait for requests to come to you, or were you more proactive? As you answer these, you’ll start to see a profile emerge that will help you make better decisions about what to pursue and what to decline next year.
4) The Marketplace
What kind of trends are you seeing? Think about things like the trend towards project work versus AOR assignments. How does your agency need to adjust to stay competitive? Who are your competitors now? What agencies do you want to be competing against a year from now?
5) Revenue Goals
Crunch the numbers. Based on your historical win rate, how many pitches do you need to be in to meet your numbers? How much can you rely on organic growth? How much do you need to focus on proactive prospecting? Don’t do this in a vacuum; spend time with your CFO and CEO to make sure you are managing their expectations as well as integrating corporate financial goals into your plan.
6) Meeting Those Goals
This is a biggie and probably where you’ll need to sink most of your time. Dust off your selection criteria, and start doing your research. You want to determine the categories you’re best suited to pursue (and why) or refine your ideal client profile. and then use that to define a super-targeted list of prospects. Another important point to include in this section is the level of support you expect from your colleagues in other departments such as strategy, research, and design. What’s it going to take to make a compelling pitch to your prospects?
7) New Business Tools
What tools are you lacking to meet your goals? If you’re planning on doing a ton of personal outreach, you’ll want to invest in a good contact management database or CRM. an email program, a marketing automation tool, or other solutions. Maybe this is the year for a website redesign. Or, if you’re getting invited to the pitch but not making it past the first round, maybe you need to learn how to tell your story better and invest in rewriting your case studies and credentials.
8) PR and Marketing
How will your agency’s positioning serve you? Is it strong enough to differentiate you from your competition? Is it meaningful enough to inform your messaging? What kind of events should you attend? Speak at? Or do you create your own event? What kind of awards shows should you enter? Besides getting you mentioned in the usual suspects such as Ad Age and Adweek. what can your PR team do to get you exposure in vertical trade publications or at conferences?
This may seem like a daunting amount of work. That’s why you need to start planning it out now. It’s a little more daunting if this is the first time you’ve ever created a plan so know that it gets easier and easier each year.
I can’t promise a last-minute RFP won’t ruin your holiday season, but now it’s a lot less likely that your new business plan will.
#start online business
You need to have a viable business idea. You must also have what it takes to make it work. You also must have enough money.
If you’ve got what it takes to start your own business, and you’ve done your research, forming a business is the next exciting leg on the journey.
Many people struggle with the financial side of managing their small business. Not everyone has a head for figures or wants to become an accountant.
If you want to run a legitimate enterprise, you must pay tax. It’s worth understanding your tax obligations before you start up to factor them in.
Many people, including some leading business representatives, argue that small firms are over burdened by the weight of business law.
It might be a cliché, but it remains true – planning without action is futile, while action without planning is fatal. You need a business plan.
Marketing matters. Marketing drives sales for businesses of all sizes by ensuring that customers think of their brand when they want to buy.
Premises provide the second-biggest overhead for many businesses. If you can start your business from your home, it will be much easier to break even.
The success or failure of a business can often rest in the hands of its most valuable asset – its people. But managing them can be a challenge.
There can’t be many firms in the UK, however small, that don’t use IT in some way. Many businesses simply couldn’t exist without IT.
Half of all new businesses fail within five years. So how do you survive and thrive? Find out how to scale up and become a high-growth business.
Starting an online business
ATM BUSINESS OPPORTUNITIES
Your ATM Business.
Are you an entrepreneur? ATMs offer a business opportunity with amazing potential to convert your existing business relationships into revenue. With our expert help, you can start and manage your own profitable ATM machine business .
Our ATM management solutions are all designed to maximize customer success and make business easy.
Start, build and manage your own ATM business
Do you know businesses that need, but don’t have an ATM? Do you work with retailers who already have an ATM, but would be willing to change processing or maintenance to consolidate their vendors to a single trusted source (you)?
PAI can help you start and manage your own ATM business through ATMs you own, sell to merchants, or convert to PAI for processing.
Curious about learning more? Call PAI today at 877.271.2627 or fill out our contact form to discuss this opportunity with one of our ATM experts with no obligation. We will help you understand how to operate a successful ATM machine business!
Contact Payment Alliance International
#small business banking
Help me choose
a Business Bank Account
i The monthly Business Banking Plan transaction limit includes cheques negotiated and other debit or credit transactions to the account including deposits, withdrawals, electronic credits and debits, bill payment debits or debit card debits and credits.
ii Standard deposit contents fees will be waived on each month’s deposits up to these limits.
iii The monthly Business Banking Plan fee can be eliminated by maintaining the minimum monthly balance at all times in a Business Account. Customers are responsible for all other fees relating to any transactions, services and products not included in the Business Banking Plan. The minimum balance waiver is only eligible for customers with the Business Builder 3 and 4 Business Banking Plans.
1 Subject to interruptions in telecommunications or online systems or in power supply or any other factor or event beyond the control of Bank of Montreal.
2 Mobile Banking is only available for customers registered for Online Banking.
3 Electronic transactions exclude transactions completed at a BMO branch or with the assistance of a Customer Contact Centre associate.
4 Assisted transactions refer to those completed with a Customer Contact Centre associate.
5 Although BMO will not charge any fees in addition to your monthly Plan or account fees to access Mobile Banking, additional service fees may be charged by your service provider. Check with your service or hardware provider if you have questions about your specific device.
6 Applies to all deposits posted by Moneris to your BMO business account in connection with your acceptance of MasterCard, Visa*, Interac, Discover* or Union Pay* branded cards and American Express* transactions that are settled by Moneris – including deposit of settlement funds, terminal rental fee, and any other fees. American Express credit card transactions that are not settled through Moneris are not included in unlimited Moneris transactions, and are subject to separate terms and conditions. Standard transaction fees apply. Refer to Moneris Solutions for complete details. All other debit or credit transactions posted to your BMO account related to any other brand of card processed using Moneris services, are not included and may be subject to transaction limits associated with your Plan and/or excess per-item transaction fees. (* Visa, Discover, American Express and Union Pay are trademarks of their respective owners.)
7 Transactions include cheques negotiated and other debit or credit transactions to the account, including deposits (except cash and coin), withdrawals, electronic credits and debits, bill payment debits or debit card debits and credits. Cash and/or coin deposits are subject to deposit content fees of $2.25 per each $1,000 for cash and $2.25 per each $100 for coin.
8 There are no daily or monthly transaction fee limits. A $5.00 per item fee will apply to each transfer.
9 Overdraft limits range from $500 to a maximum of $2,499.99 and are subject to credit qualification.
10 Available in Canadian dollars only.
11 Interest is calculated on the daily overdrawn balance at prevailing overdraft interest rates and charged to the account on the last business day of each month.
12 A $5.00 per item fee will apply to each debit transaction that creates or increases the overdraft up to your approved limit.
13 There are no daily or monthly transaction fee limits. A $5.00 per item fee will apply to each debit transaction that creates or increases the overdraft.
14 This fee is in addition to any applicable transaction fees.
15 You are required to provide initial setup instructions for this service.
16 Interac e-Transfer service may be restricted based on BMO Debit Card for Business privileges.
17 Interac e-Transfers can only be sent from a Canadian dollar business account. Sending an Interac e-Transfer is considered an electronic debit to the account. Excess item or account per item fees may apply. The Interac e-Transfer fee is non-refundable, this includes cancellations. The AgriInvest Account and Business Premium Rate Savings Account are restricted from sending Interac e Transfers.
18 Interac e-Transfers can only be credited to a Canadian dollar account. There is no additional charge to receive an Interac e-Transfer. Receiving an Interac e-Transfer is considered an electronic credit to the account. Excess item or account per item fees may apply.
19 Your Interac e-Transfer send limit may be lower than the posted daily limit depending on the Bill Payment Limit assigned to your BMO Debit Card for Business.
20 BMO self-serve channels include BMO Online, Mobile and Tablet Banking, BMO Online Banking for Business, Telephone Banking (when using the interactive voice response (IVR) sytem and BMO ATMs.
#import export business
If you wish YOU CAN WIN
So you want to sell to the world? Thanks to the Internet, setting up an import/export business can be ridiculously simple and very profitable.
• Pick a product to import or export.
When it comes to importing and exporting, you cannot be all things to all customers. Decide on something and stick with it.
You have two viable reasons for choosing a product to import or export: you know it will sell or you like it. Hopefully, you can meet both criteria.
• Find the right market.
You’ve selected a product, now you must look for someplace to sell it! Do the homework and research the market beforehand to locate the best potential foreign market for your product or service. Use import export data to check market trends. These resources are helpful for determining where in the world products and services are moving to and from, and why and how to get in on the action.
• Source a supplier. Check here
- Finalize the relationship and seal the deal
If you are an importer, you must seal the deal before your goods will be shipped to you. If you are an exporter, you must agree with the buyer and provide the goods upon receiving the money.
After signing an agreement with the supplier or manufacturer (as drawn by your attorney ), you will be granted the right to import the goods into your country or export from your country; as one of their designated import / export partners. The manufacturer will pay you the specific commission quoted to the distributors on top of the price of the goods. And you will be given catalogs and samples for your use in distribution.