💸 Make $3k with ATM business in your sleep 💤

GM. This is Work "After" Work. The side hustle newsletter that delivers you a new edition, hot off the press, every day.

If it were still 1995, we’d be throwing it at your door from our bikes.

What we got for ya today:

• 🏧 ATM Business

• 🙌 Your daily dose of wisdom

Time to get goin: 2-3 weeksEst. start-up cost: $1,500Potential return in 6 months: $3,000

CASH IS NOT DEAD!

You ever go into a store and walk up to the cashier and see a big fat sign saying...

And the cashier points you to an ATM in the corner of the store?

So you annoyingly walk over and punch in all of your details just to see a $4.00 fee to withdraw YOUR own cash?

We've all been there. I mean it's 2022, who the heck even uses cash anymore? Well, turns out a lot because this industry is worth north of $20B.

Crazy thing is, somebody owns that ATM and made $4.00 off you sitting at home watching TV. 😬

Here at Work “After” Work we teach YOU how to be that handsome stud sitting at home watching TV and making that passive income! 🤑

So here’s how you can start making money with an ATM Business. 👊

How Does the ATM Business work?

You know how every business provides either a good or service?

Examples:

• A barber shop cuts your hair - a service

• Apple sells you their newest iPhone (to break your bank account) but allow you to take dope pictures - a good

With an ATM business, your product is "cash". You’re essentially selling cash to people. 💵

How this works is every time someone uses your ATM to withdraw money, they're charged a “surcharge” fee, which is that $4 aka, your profit. Cha-Ching🤑

The best part - you can set that fee to whatever you want. $3, $4, $5, you name it. No matter how much someone withdraws, that fee goes to you.

So let’s say you're a customer and I'm the ATM owner. You come in to withdraw money and you take out $20, you’ll be charged $23. That $23 will be deposited into my bank account. $20 of that is the money I put into the machine loading it and the $3 is my profit!

That’s cool and all but how much can you actually make from 1 single ATM?

Check out my returns from my ATM business - My own ATM business and how much I made

OK, SO HOW CAN YOU START?

1. Create an LLC

The very first thing you want to do when you're starting any business is to create an LLC. They're super important because it’ll help you stay protected in the event someone get's injured, or in this case, helps with write-offs.

Normally to create an LLC it would cost you around $500…😬 but if you want to create your LLC for free, don’t worry I gotchu covered. My friends at Incfile sent me over a special link where you can get one for free and judging by the fact you’re reading this, you’re interested in starting a side hustle - so it’s best to have an LLC setup regardless.

2. Find somewhere to put it

Now on to the trickiest part - finding a business to put your ATM in. There are plenty of businesses out there that are great for ATM's. The best ones are cash-only businesses...

Barbershops, convenience stores, hotels/motels, liquor stores, you get the gist. Weed dispensaries are great too *if they're legal in your state* 😉

The best part I've found with the ATM business is if a location isn't doing too hot, you can just pick up your machine and put it somewhere else.

3. Buy an ATM processor

Next, you'll need an ATM processor to, you guessed it, process your transactions.

You would think an ATM automatically does this, but unfortunately, it doesn't. The machine needs something to process the customer's card info.

I always recommend sticking with a local processor, so I’d recommend going on google and typing in your city and “atm processor’s near me”.

All you have to do is hit them up and see what their rates are. Average rates are about $0.15 - $0.30c a transaction but you can always negotiate those down.

Anything more than that STAY AWAY!

4. Scout out an ATM machine

After all that, now it's time to get your ATM.

You can buy a new ATM online, which costs anywhere from $2,000-$3,000.. but I have a better way. Buy it used, you'll only pay $1,200-$1,400 from a trusted seller like your local ATM processing company.

I recommend just asking your processing company if they have used ones on hand, which they most likely will. This way you'll be savings over $1,000 and if you get it from a trusted seller, it'll come with a warranty as well.

Plus ATMs are built to last - you really don’t have to worry about getting the latest and greatest.

HELP FROM YA BOY 👀

• Find profitable businesses - now I’m not going to lie and say it’s super easy to find businesses you can put your ATM machine in, but it’s not hard either. If you have a proper script, which I just so happen to have for you (script) it makes life a lot easier.

• Contracts - It’s best to have a signed contract with the business owner before you start the process. I’ve had a lot of verbal agreements blow up in my face so don't make the same mistake I did, have a signed contract. It just sooo happens I have that one for you as well 😁 (just reply to this email and i’ll send it!)

The ATM business is one of the oldest businesses in the book, and the best part is it doesn't require a huge startup cost and the returns are pretty much limitless *if you can find a gold location*

DAILY DOSE OF WISDOM

A must listen if you're on the edge of starting something. Brian Armstrong is the CEO of Coinbase worth $2.6B and couldn't have said it better.

That's all I got for ya today folks!

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.