start an ATM business

What Steps To Take To Start An ATM Business

Posted on 09. Jul, 2012 by in ATM Business, Business Tips, Home Business, Passive Income

What Steps To Take To Start An ATM Business

I get a lot of folks emailing me asking about what steps to take to start an ATM Business. So I wanted to write about that
real briefly. I say briefly because I think that I have plenty of information on how to start an ATM business on this site and
of course on my ATM Business blog.

First Step To Start An ATM Business

Do your research. Seriously, if you want to start an ATM business you need to do a little preliminary research first. Find out what it entails.
How much time is involved? How much money is involved? How much do the machines cost? Of course, I answer tons of those exact questions throughout this blog, my ATM business blog and even on my youtube channel where I post ATM videos tips and Passive Income tips.

Second Step To Start An ATM Business

Start scoping out possible locations. Yep, everywhere you go start really paying attention. Do they have an ATM already? If so, is the ATM actually working? If they don’t have an ATM, would this be a great spot for one? Really start paying attention to all of the businesses that you frequent, your kids frequent and your friends and family members frequent. (Warning: this does become addictive when you actually, officially start an ATM business lol You will be sitting at a red light and then scoping out spots and you’ll even find yourself pulling over once in a while to go into a potential business.)

Third Step To Start An ATM Business

Figure out how you are going to fund your ATM business. Obviously, no magically fairy is just going to suddenly give you money to start an ATM business, right? I mean that would be awesomeee if that was true, but we know it’s not. So how are you planning on funding your ATM business. Do you have cash saved? Do you have friends or family with cash saved? Friends and family with an IRA/401k/Retirement account?
Do you have a line of credit, credit card, etc.? What’s your plan for financially starting an ATM business.

Fourth Step To Start An ATM Business

Educate yourself. I know you did your research and you got a lot of great free info, I’m sure. But you know what they say? You get what you pay for? Start doing research to finding the exact steps you need to take to start and grow a profitable ATM business. Yes, of course, I highly recommend my ATM Business Blueprint course, but you are free to purchase any type of information that you want. I just want you to not have any questions when you start your ATM business. I want you to be able to start an ATM business and be able to follow a plan that tells you exactly what to do. I’ve seen a lot of stuff out there and I know how crappy it is and quite honestly, that’s why I developed my ATM Business Blueprint home study course the way I did. I wanted it to be a comprehensive, home study course that you could take and hit the ground running with your new ATM business. You literally can buy my ATM Business Blueprint home study course and start an ATM business right away and never wonder what to do next. That sure beats spending $25,000 to $50,000+ in franchise fees for them to tell you what to do to start an ATM business, huh?

Fifth Step To Start An ATM Business

Just Do It! Now that you have done your research as far as the ATM business goes and as far as possible locations go and you have also decided to invest in yourself and you bought a quality course to help educate you about the steps to take to start an ATM business well now it’s time to JUST DO IT! (I hope Nike doesn’t mind me swiping that phrase for a moment.) But seriously, just do it. Start your ATM business and get out there and start talking to business owners that you scoped out earlier. The more you talk to, the better you will become and the more you will find your bank account growing with passive income!

I almost forgot something that I wanted to share with you. When you start an ATM business and you get out there and you start doing it…you start taking the steps that you know you are suppose to take to start and grow your new ATM business……I have to warn you, you WILL screw up. Most people screw up when they start a new business. When you start an ATM business that will be no different. You’re still going to screw up, but that’s ok. Just make sure you never make the same mistake twice. We all make mistakes but we gotta learn from them and then move on. Of course, if you have a step-by-step manual, you shouldn’t have as many mistakes as the person who starts an ATM business without a step-by-step manual, but still…you are human. And we as humans, still make mistakes. It’s ok. Just move on and go out there and kick some more butt. Ok?

Now if you’d like a comprehensive, step-by-step, home study course that will help you start an ATM business, please feel free to check out my ATM Business Blueprint course. I’m offering a free ATM Business Cheat Sheet, ATM Business Road Map and a 30 minute video that ‘splains it all when you head over to the website.

If you have any other questions about what steps are needed to start an ATM business, please feel free to post them below and I’d be more than happy to answer them for you.

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15 Responses to “What Steps To Take To Start An ATM Business”

  1. jerrold

    24. Jul, 2012

    i would like to sign up for the ATM Blueprint Course. I’ve already seen the video but I cant get back to the page which displays the ‘buy it now’ button. can you send the link to me?

    thanks

  2. Carey

    24. Jul, 2012

    Hi Jerrold!

    Thanks for your message. I just sent you a personal email. Let me know
    if you have any questions. Have a great day and welcome to the blog!

    Carey

  3. mobilehomegurl

    21. Sep, 2012

    Good tips here, Carey! I think it’s kind of interesting how similar these steps are to real estate investing. It seems like the ATM business is something small folks can try out and see if it’s right for them. With most real estate transactions, that’s really not the case. Looking forward to reading more! :)
    mobilehomegurl recently posted..Book Available via 800-CEO-READMy Profile

  4. Carey

    21. Sep, 2012

    Yep, you’re right Rachel! There are so many similarities between the ATM business and real estate investing.

    I even tell real estate investors that the ATM business can complement their real estate business so nicely.

    And you’re absolutely right, with ATMs you can start small and decide if it’s right for you. With real estate,
    even if you start small, a lot of times it may not really be “small.” :-)

    Thanks for the post! Congrats again on the book!

  5. Lillieb

    08. Feb, 2013

    Hi Carey,

    i am very interested in this type of business. A few quick questions: How many ATMs do you currently own? How much income do you make a month from them if you dont mind me asking?

  6. Carey

    08. Feb, 2013

    Hi Lillib,

    Welcome to my blog. Thanks for stopping by.
    We own 14 right now. I don’t mind you asking at all. Each machine makes anywhere
    from $100 to $900+ per month. So, it really depends on the machine, the month, etc.

    But in general I will tell folks to look for $100 to $900+ PER MONTH, PER ATM they
    own. They are like mini-rental properties, except without the tenants and toilets ;-)

    I have some free info over at ATM Business Blueprint if you’d like to check it out.

    Have a great night!

    Carey

  7. Konstantin

    19. Nov, 2013

    keep seeing this actually useless post in the internet sharing info which everyone knows already.
    Where to find real information on the subject? Like, what services will i need? how to deal with service providers, what are they, what options do i have? Then offcause legal side of ATM business. Licenses, permits, private or corp? That what people need to know.
    Everybody knows about location or passive incomes so why spread that thousand and thousand times?

  8. Carey

    19. Nov, 2013

    Well Konstantin (love that name by the way) I think you should consider yourself very fortunate that you know all of the things you know about passive income. Because I can promise you as someone who speaks all over the United States about passive income and the ATM business there are a great deal of folks that have no idea what passive income is and they also have no idea that they can even own ATMs.

    So, to you it may be useless info, but to thousands and thousands and thousands of others…well it’s not ;-)

    If you’d like more detailed info that is really walking you through the ins and outs of the ATM business tho, that’s where training is going to come into play. Doesn’t necessarily have to be my trainings. But someones ATM training is something that you would probably find extremely beneficial and would help to answer all your questions and allow you to place your first (of many) ATMs. You’re on here so you know what my trainings are…..you might want to also check out the ACFN franchise. I’m not a franchisee there, so I can’t comment on their trainings or service but it’s an option for further education in the ATM business.

    HTH.

    Carey

  9. Rich

    20. Jan, 2014

    Hi Carey, I’m very interested in the ATM business, what I can see is there’s 3 options. 1- buy a franchise, although they provide a lot of support the 25k and higher costs on machines and everything else is a turn off. 2- buy an existing route, but if it’s as good as they always say then why sell, so that’s not really an option for me. 3- do it your self, much more value this way. My problem is I can’t find detailed info on the nuts and bolts type stuff, like once you find a location who pays to supply the electric and the phone line, who pays the phone bill who installs the machine , who services it if there’s a problem if I contract an ISO who gets the backend money and why…also I’m no sales man, are there placement services that find locations IN PERSON for a fee, been reading about the telemarketers and there’s not a lot of good things said about them

    Very interested thanks Rich

  10. Carey

    28. Jan, 2014

    Great points and I totally agree with #1 and #2. Obviously, with #3 I’m a lil
    biased because that’s how I’ve been running my ATM business for going on 5 years now
    and that’s how I’ve been teaching my students to run their businesses for going on 3
    years now.

    It sounds to me like you need some training (btw, I know this pretty awesome chick
    that has a fantastic, affordable, ATM training program out ;-)

    The program can teach you everything you need to know to start and grow your ATM
    business. And I promise you don’t need to be a sales person but you do need to
    be able to open your mouth and speak (or just be able to communicate in some way,
    shape or form.)

    Check out my ATM Business Blueprint Success System and either become a member or
    if you still have questions after checking it out sign up for a free ATM business
    strategy session
    and I’ll help clear things up for you.

    Best of luck for you and thanks so much for stopping by!

    Carey

  11. Leroy

    01. Apr, 2014

    Hey Carey we spoke via email a few months ago. 2 things. Do I need a business license and a ein# to start my business. Also I see some people have had difficulties opening a business acct for an atm business, while some say they run their biz with a personal checking. What do you think?

  12. Carey

    24. Apr, 2014

    Did you become an ATM Business Blueprint member, Leroy? These
    questions are answered in the training.

    In the end tho, it’s your business to way anyway you see fit.

    You can choose to run it like a real business or like a hobby. It’s
    up to you, you know?

    HTH,

    Carey

  13. Seth

    03. Oct, 2014

    How do you approach the business owners. Besides avoiding more credit card charge fees and that extra customer that came in just to use the atm. Where’s the extra benefits?

  14. Carey

    07. Oct, 2014

    Great question Seth. That’s something that I teach in detail in my ATM Business Blueprint Success System.

    If you’d like to talk more about the ATM business and develop a strategy for yourself…let’s hop on the phone and chat. Schedule your Free ATM Business Strategy Session here.

    Thanks for stopping by!

    Carey

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