15 bucks a month to be in the ATM business?
I know you’re thinking “Carey, have you lost your mind! I know it costs more than 15 dollars to
be in the ATM business!”
To answer your question, NO. I have not lost my mind.
Today I ordered a wireless modem for an ATM that we will be installing this coming Monday. This particular modem uses the same types of towers that cell phones use. But these wireless modems are what allows your ATM to communicate to the processor and bank accounts and let’s money ultimately get transferred to your bank account.
The cost to maintain these modems? 15 dollars a month. That’s it. There’s not that much overhead in the ATM business. Especially if you don’t hire on any employees.
Obviously, I’m not counting your initial cost of your ATM, or the modem or your initial cash stash for the ATM. Those are all 1 time “fees” if you will, that you will pay off. (The initial cash….it’s just recycled constantly between your customers’ bank accounts and yours.)
But that monthly modem fee….that’s a constant. Even after your ATM and modem is paid off, realistically you could only have a $15 a month expense in your ATM business.
THAT’S PRETTY FREAKIN’ AWESOME IF YOU ASK ME!
I had this particular modem overnighted to me, to ensure that I had it for our Monday install. I’m excited to see how this particular location turns out to be profit wise. It’s a cash-only barber shop. I’m hopeful because of the area…….time will tell.
So tell me, do you think $15 a month is a lot to pay for a lifetime of passive income, ultimately?
4 Responses
Carey, I see pic of modem, hercules,right? Who do I contact to get the cell tower service?
Hi Angela,
I emailed you. You can find that info in the equipment resource page of the
manual and the Bonus section under “My Personal Insiders Contacts.”
Whoever you get the modem from will handle the cell tower service. It’s just
all 1 smooth transaction.
HTH,
Carey
Really impressed by the site and the articles you provide. I’ll continue to read and possibly take the leap in this stream of income.
Tom
Welcome Tom. Thanks for the kind words. I appreciate it. Feel free to
ask any questions that you may have.
One warning for you tho….should you decide to jump into the ATM stream of
income….it can become pretty addictive 😉
Thanks again for visiting and feel free to opt-in on the right hand side of
page or under the article that you read and I’ll send you a whole bunch more
information about the ATM business.
Carey