atmbusiness.info » Getting New Business

ATM Locators are in High Demand

ATM Business — Mon, 30 Nov 2009 19:39:34 +0000

Atm companies are always looking for new locations. One area that is growing in popularity is being an atm locator. An atm locator is someone that know of local businesses that are in need of free atm placements. The locator feels the owner out, and gets a verbal or written commitment. This agreement is then turned over to the atm company. For each location, a locator can earn a couple hundred bucks! Think, if you do a couple a week just from talking to people, you can easily earn $1500-2000 week!

ATM Signage Going High Tech

ATM Business — Mon, 06 Jul 2009 14:56:08 +0000

Everyone in the atm business understands the importance of signs. While many go with $5 Currogated Signs, many others use the bright LED Signs. As the market have various saturation points, we are seeing many atm owners utilize monitors to grab the attention of the user.

ATM owners need to think outside the box to get the foottraffic that already exists. Signs that are different will grab the attention of the foot traffic. As an ATM owner, you can even convince the store owner that the importants of ATM Digital Signs will increase foot traffic in his store as well. As a result, you become an even stronger partner with the store owner. In a business where deals are done with a handshake, make sure you are able to grow the store owners business with your knowledge and expertise. In the end, you will both win!

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Getting into the ATM Business is Easier Than Ever!

ATM Business — Fri, 30 Jan 2009 16:15:12 +0000

For all those entrpreneurial individuals that are looking to get into the atm business, the time is now! The cost of an atm machine, a new one, is less than a 2,000 (and thats for a good quality one). Interest rates are extremely low. If you’d rather not layout the capital to buy a machine, there are many companies that will allow you to lease it for less than $75 a month.

ATM Service
From a service side, there are many techs that are always looking for work (especially if you are in or near a major city). You can contact them at any time if and when an atm goes down. Their costs are significantly lower than going through a major organization.

Money for ATM Machines
Now, this is the main aspect. If you’re able to be on top of your cash flow, you can flourish in this business. In some instances, its worth tapping into your line of credit to use it as cash for the atms.

Quick Math:

250 transactions @ $2 = $500
.50 transaction paid to store owner = $100

One tech call a month
(which I divided by 2,
since its really once
every 2 months) = $50

That leaves you with a profit of $350 (not including interest charges if you are borrowing money).
That means you get the cost back of the atm machine is less than 6 months.

If you are having trouble finding atm locations, there are business out there that will secure them for you (this will of course come at a cost, and normally a hefty one). Might be something worth looking into the first atm you get.

Remember, if you build the ecosystem around you properly, you can flourish in this business

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Surcharge Increase Helps ISOs

ATM Business — Thu, 02 Oct 2008 17:18:32 +0000

With all the banking surcharge increases, it looks like the independant atm owner is gaining ground. If you take New York City for example, Bank of America and CitiGroup have higher surcharges than the surrounding independant atm machines. This is becoming extremely attractive from a convenience standpoint, along with the down international economy

Target Clients of Consolidated ATM Companies

ATM Business — Tue, 29 Apr 2008 12:44:05 +0000

With the massive consolidation going on within the atm industry, there now is a new avenue to increase your business. When a company is being acquired or going out of business, generally service is sacrificed. Payments get delayed to store owners, and the atm machines will be down for a longer time period than normal. As a result, you have frustrated store owners.

Given this, any smaller atm company can easily approach these store owners. Explain to them that your a much smaller company and would service their store properly since your are a smaller business. Exploit the fact that their present atm company is being acquired and is in “chaos”. Workers are leaving, management is trying to cash out. All of this leaves out the present owner.

Exploit their inefficiencies and win new accounts!

Strong Relationships Win – ATM Owner and Store Owner

ATM Business — Mon, 28 Apr 2008 18:17:14 +0000

In many cut throat markets such as Manhattan, there will always be another atm company that will promise to give the store owner a higher cut. This of course can squeeze the atm owner. Many times, regardless how good you think your contract is, there generally is a gray area that the store owner will be able to get out of it. Even if he can not, the legal headache involved may not be worth it for many atm companies.

This brings me to a very important point that is generally overlooked. The key aspect to Keeping and GROWING your atm business is the ability to keep a strong relationship with the store. If that store owner has your trust, and believes in you, there is a great chance that he would not leave you to get a different provider.

With that strong relationship, comes the ability to cross sell him additional products. The easiest part here is credit card processing.. Once he has trust in you, you can get him to convert is credit card processing to you as well. Now its not how much can you make per atm, its how much can you make per location as a whole.

If you are using your own funds within the atm machines, there are many Short Term Cash Loans that can benefit you.