ATM Business Tips
If you are considering starting your own ATM business to bring
in passive income into your life then you should definitely check
out these ATM Business Tips that I put together for you.
ATM Business Tips – #1
Don’t Listen To Naysayers – One of the sad and in my
opinion annoying parts about entrepreneurship is all of the friends, family
and other people in your life that will start to tell you that you are
crazy for wanting to start a business.
They will come up with all kinds of reasons that you will fail or why
your new ATM business (or any business) is a bad idea. DO NOT LISTEN
TO THEM. They are what I call naysayers and they will stop you from
achieving your dreams if you let them.
ATM Business Tips – #2
Don’t Quit Your Day Job – One of the huge benefits of the ATM
business is that you can start and run it while still working a full-time job.
To be quite honest, you can run your ATM business forever while still having a
full-time job forever, if that’s what you choose. But a lot of folks that I know
want to start an ATM business is because they eventually want out of their full-time
job for whatever reason.
That is feasible with an ATM business but please don’t start an ATM business and
quit your full-time job instantly. That would be a mistake. It will take time for
you to build enough income in your ATM business that it can replace your full-time
So, the most stress-free and pain-free tip is to keep the income from the full-time
job until you reach your income goal with your new ATM business. Make sense?
ATM Business Tips – #3
Get Training – Listen, obviously I offer my training program
which is the ATM Business Blueprint Success System. But that’s not why “get
training” is tip #3.
Here’s the simple truth of the ATM business and just about any other business that
you can start. You WILL pay for training in some way, shape or form. It’s just
a matter of how much you are willing to pay and when are you will to pay for it?
You are either going to be smart and get your training ahead of time by purchasing
a training program like my ATM Business Blueprint Success System or perhaps you choose
to go the franchise route way in which they have a training program for you as well.
Either way, you are paying for your training ahead of time. This method will by far
cost you the least in your ATM business.
Or you could find someone that is already successful in the ATM business and offer them
a 50/50 partnership with an ATM or 2 if they teach you the business. This option, in my
opinion, can be pretty pricey for you. Why? Well you’re giving someone 50% of your
profits on a certain number of ATMs that you own forever. Do you know how long forever is?
It’s a long time. And guess what? It’s even longer than a long time when you realize how
much of your profits 50% is that you are giving away.
Plus, you have to worry about the fact does this partner really know everything that is
important to know for your new ATM business.
Finally, you can choose to do none of the above and struggle along in the ATM business
on your own. In the end, this may turn out to be extremely costly in terms of time,
energy and money. Money may big the biggest factor too. If you don’t do things properly,
there are some pretty hefty fines in the ATM business.
So, in the end you WILL pay for your ATM business training in one way or another. It’s just
a matter of do you want to pay upfront or not? And do you want to know what your cost will
be upfront or not? But you’re definitely going to want to get some ATM business training
when you start your new ATM business.
I hope you enjoyed these quick ATM Business Tips. If you have any more ATM business tips that you’d like to add, post them below.
Plus, if you’d like more ATM business tips then just head over to my ATM Business Blueprint site here and sign up for some free ATM business tips and training.
Should I put a duration on the contract I make with the owner of the business my ATM will be in? And what is a good time table? 6 month, 1 year?…
Second, should I buy or rent my first ATM?
Thank you in advance.
Yes, you should put a duration on there. You can put a trial period and also a renewal clause in the contract.
The length of time is up to you.
As far as buying or renting your first ATM….that’s really up to you. Whatever you feel more comfortable doing
is the best route to go for you. I choose to buy them outright as they are so inexpensive.
Hope this helps.
P.S. John….you absolutely, positively need to have an attorney in your local area draw up your
contracts. They will advise you of the best way to write your contracts.
If you were to ever become an ATM Business Blueprint member; you could take all of my contracts and
forms to your local attorney and have them revise them if necessary (that’s way cheaper then them
creating contracts from scratch for you!)