ATM business

This is an idea for an entrepreneur who wants an exponential growth business.



You find yourself out somewhere and you need quick cash, but the nearest bank is far out of the way. If there were an ATM nearby, you could easily withdraw the funds and get on with your day.



An ATM business is a great way to make exponential profits. With the right placement, you can bring in a tremendous income. You don't want them to be too near eachother, as that will be bad for business.



You can start an ATM business easily. You would need an ATM machine, which you can find online from $2000-$6000 each. That may seem pricey now, but they will be paid off within a few months. You may also need to look into protection methods, or else hire a security company to fill the machines for you.



If you were to have 50 people a day use your ATM machine all 30 days in the month, that would be 1500 customers. At charging a $3 convenience, that would be $4500 a month. If you were to have 6 machines following that same projection, you would be making $27000 a month.



If you were to well place these machines and have 100 people come (out of a 30-day month), that is 3000 people of month. With a convenience fee of $3, that would be $9000 a month for that 1 machine. If you had 6 machines following this projection, you would make $54,000 a month.



As you can see, an ATM business is well worth the investment. You would have to take out loans to fill these machines, but the loans would be paid off as people withdraw the money. As it was said above, you may want to look into protection methods/security cameras for your machines.