Finding a extra income source

ATMs are killer ROI. I own 5 of them, one in each of my stores, and they cost around $2500 to buy, I admit I haven't bought one in 3-4 years so could be a tad higher. I dont keep too much cash in them bc I drive by the businesses a few times a week and I can see the balances online on paireports.com so all in 5 machines is probably $12,500 and I probably have $3000 tops at anytime in a machine, you really dont need much bc the bulk of transactions are sub $100 even $60 or less Id say. The average machine makes $500/mo for me so what $15-20/day. Anyways so lets say all in $12,500 + $15,000 and I net around $2500-3000/mo off that. I also pay $19/mo per machine for a stronger internet connection. Great great ROI. I dont know if its true but some people have told me my ATMs charge .25 or .50 if you check your balance but I dont get that money I assume the company who processes it all gets that, but if you can get that too, I see many many daily people checking balances.

If you find stores that dont own their ATM, you can make a killing based on the contract they have, if you can get them out of it. The ATM companies literally rob the stores, they give them $100/mo the owners usually have no idea what the machine makes and most owners are either absentee or make so much they dont care. The problem is most ATM companies have you sign these long 10-15 year contracts which is bogus. When I inherited my first stores, I called up the company and told them hey theres a new owner, your old contract is void as far as Im concerned come get your machines, they threatened to sue, they showed me a contract signed like 12 years prior by a cashier not even my uncle who owned the store and we amicably agreed to let me own the machines and they could process the transactions. I went from $100/mo to $500-600/mo. That opportunity is out there in a lot of places, I guarantee you many a cashier has signed 10+ year contracts and Im not really sure if that would even hold up in court and if it did, these ATM companies are small time I doubt they would take you to court. Most are a guy and his wife and they run around handling a bunch of machines.

It's you! Why the two year break?? How's the PM stock looking?

I too was like "is the same big fella?!?!"

I've wanted to try doing one ATM and see how that goes. I'm sure low income neighborhoods are great.

on the flip side chuker now that gasoline prices have fallen across america, Visa is certainly not making as much. My income is the same personally, actually higher bc margins have expanded with this oil crash but my overall sales are down and thus me and every other gas station is paying the credit card pimps less money every month, really almost half of what I paid 24 months ago. Just a little something to keep in mind. Credit card companies are pimps, they make money at every business without paying rent, as long as prices keep rising they do great, will be interesting to see how visa produces this year.

Re-selling tickets to concerts and sporting events will easily get you what you're looking for if you know what you're doing.

THABIGFELLA musta been banned

now we get dabigfella

I imagine it's a great extra source of income if you already own the business. But if you don't there are a lot of other issues. How much do you charge the company per month? If your net profits are $500 and the other companies are charging $100 any sort of increase over $100 will really cut into your profits.

Then you have issues such as insurance (robberies), machine upkeep, and security problems when you have multiple ATMs that you have to refill and suddenly you're walking around with thousands of dollars on you daily. And that's assuming there isn't much competition in your area of town.

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Re-selling tickets to concerts and sporting events will easily get you what you're looking for if you know what you're doing.

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I've posted about that on here before. I did a little of that for the Pelicans playoff series against the Warriors. Didnt' make much but there is money to be made there.