Happy New Year everyone! This year is going to rrrrrrrrrrrrock for sure!
I had a reader, James, ask an awesome question this new year. James wrote:
“Carey I have the money to buy an atm. But i dont have a way to put the money in it
monthly i dont have access to a private lender what do you suggest.”
Here was my response to James:
Happy New Year! OK so you have money for an ATM and you have a location
too, right? You just don’t have the money to put in the machine or to
load the machine monthly or weekly, etc. Is that correct?
If that all seems about accurate then what you are going to need James is
a partner. You are going to need a partner who is willing to fill the ATM
when it gets low om cash and who has about 1k to 1.5k to start off with to
put in the machine. Of course this person should keep in mind that the
less the put in the machine upfront the more they will have to fill it
When you find this person you just agree to split the surcharge fees 50/50
or whatever you both agree to. You can even ask the business owner of the
location where you want to put this machine if they want to be this
Hope this helps. Kudos to you for wanting to take action!”
So you see folks there’s always a way to make things happen. Partnering with the business owner of the site location where you want to place your ATM is a really great idea. Of course, you can’t pitch them 100% hands off! But that’s ok, if you know going in that you need them at a partner you obviously are going to pitch the partner 50% partner angle instead of the 100% hands off angle, right?
Here’s to you creating some extra passive income from the ATM business and other areas in 2011!!
P.S. I think the potential partnership with the gentleman from Canada may be able to be worked out. My ISO (this will be an ATM Video Vocab episode lol) and my attorney don’t think it will be a problem. Waiting to get the final OK from both parties.