Carwash

Projected Profit: $200-$400 a month

This is a Maily Money Makers idea for a kid who wants to make a bit of extra money. Be sure to ask your parents before using this or any other of our ideas.

People are always looking to help kids in the neighborhood to make extra money, so almost anybody would pay you to wash their car. All you have to do is tell your friends and neighbors that you will hand-wash their car the way they want you to do it! You would charge $5-$10 per wash, depending on how big the car is and how experienced you are.

If you were to wash 10 cars a week, then you would make $200-$400 a month!

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.

Running A Vending Machine Business

Projected Profit:$31,200-$46,800 per year

This is an idea for a beginning entrepreneur who wants to start a profitable business.

You see vending machines everywhere, but you never really think about how much money you can actually be making from a vending machine business.

To start up a vending machine business, you need at least $1000-$3000 to buy a new vending machine, or $500-$1500 to buy a used business. You also need to find a prime location where there will be a lot of people. Schools, colleges, malls, shopping centers, public places, swimming pools, etc.

Profits from a vending machine business vary from the size of the machine and where you put it. Your vending machine should hold 45 different selections, and have at least 10-20 of each selection in stock. That single machine will make between $5200-$7800 a year in pure profit.

If you were to invest in 6 machines for a vending machine business, it would cost you about $9000 ($1500 per machine). The profits you would make though would pay for those machines in less than a year. Every year, your annual income from those 6 machines would be $31,200-$46,800. It would be your responsibility to keep the machine stocked, and check out the price for rental space.