A home based franchise business is an easy way to earn income. It is always a good option for people who want to earn good residual income without spending too much time and effort. It is also suitable for those who have a low budget in starting a business or those who do not want to spend a part of their profit to employees’ salaries and space rentals. At the present time, many home based franchise business opportunities are available for you! The newest is the low cost ATM franchise business.
Nowadays, people do not carry a wallet full of money since they can easily withdraw from their bank accounts using their ATM cards. Many ATM units are available on busy streets and markets; however, not all of them are accessible to the public. That is the reason why setting up an ATM franchise business becomes one of the most profitable opportunities.
Although starting a low cost ATM franchise business requires a lot of money, aspiring franchisees can acquire them for as low as $25,000. Some companies offer low cost ATM franchise opportunities for those willing to invest their money in purchasing an ATM unit and ready to do maintenance work to keep their unit functioning at all times.
How do you earn money with an ATM franchise?
You can earn money with an ATM franchise by charging your customers. People who use the ATMs are more than happy to pay for a fixed amount for the convenience you provide them with your ATM unit on an off-site location. You can charge your customers between $1.50 and $3.00 for every single transaction. Since you are only required to pay 5 to 10 percent to the bank, you can earn a steady income as long as you place your unit on a high foot traffic area such as high profile bars and clubs.
If your ATM is located in a place with less foot traffic, you can have a general average of 150 to 5,000 customers a month. The number of customers significantly increases depending on the place where your ATM is located. So, place your unit in a place with good traffic. This will dramatically increase your income as more people will be using your ATM.
Get a Franchise
Finding a quality location to set up your ATM or contacting an ATM franchisor to do the job for you is the best way to earn easy income. If you opt for a franchisor, you only need to pay for a small fee for your business to get started. As a small franchise business, you do not need to do a lot of hard work. All you need to do is make sure that your ATM is full of cash all the time.