Owning an ATM Side Hustle?

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Information Owning an ATM Side Hustle?

Title	:	Owning an ATM Side Hustle?
Lasting	:	1.00
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Views	:	1,1 jt

it really is easy to run an atm buisness ive got 6 right now and if spend 1 hour a week filling them and writing out checks
Comment from : Geoffrey Snyder

They rarely get robbed considering how many are there world wide and the amount of total atm crimes their are world wide Also only idiots take them because they are never full The bare minimum is put in those machine You're breaking your car and risking going to jail for $500-$2000 Only the ones at the banks hold some decent cash
Comment from : VwaPatriyòt La

i did a deep dive into this and from what i can see Vending machines are a far better source of passive income and require far less up front investment, risk and regulation To stock an atm you spend 20-200k or stock a vending machine for $150 and make roughly the same amount of money
Comment from : Jay L

Take yo ass back to the Amazon warehouse chief🤷‍♂️🤣😅😂
Comment from : Battle Axe82

What if I die on my way to Starbucksu can live with that mentality forever
Comment from : Genosynk

450 a month in fees doesn't seem worth it at all, you would need like 20 of them to have a solid business going
Comment from : Ruby

passive income doesn’t exist sure u can make money by barley doing work but you still have to work
Comment from : jorge

Please continue these I am so tired of zero down real estate, buying businesses scams, passive rental income, buying laundromats, etc
Comment from : vinnievanwinkle

Atm's are basically just loans for the store They take a tiny amount of money to give you money to buy stuff in their store
Comment from : Great Leader

Indian banking is way ahead of their time
Comment from : suraj yadav

Trust me buddy, if having passive income was so easy, nobody would work
Comment from : Galactose_Fructose Monosaccharide

Great thinking! That's how business people do before diving into something Think
Comment from : 123rockstar2010

It's sounds like you want to start making profit as soon as it starts being used, that's not how things work
Comment from : LimitBreakTV

The reason why some places don't want those ATMs is because they get robbed allot So the thinking is if this machine has a chance to get robbed my business could be the next target
Comment from : Douglas Sequeira

no one said making money was easy, you have to work
Comment from : Meth Potluck

Not very affective for a single atm but with the capital and time of you started with 10 you’d see a major influx of passive cash
Comment from : “Lucky”

You'd want to own an ATM if you already owned an activity like a gas station, or a barbrbr1 Because it costs money to maintainbrbr2 No idiot would prefer an ATM built in the middle of nowhere compared to the ones in a store on in a bank, that are actually owned by, surprise surprise, the store or the bankbrbrGo paly your tycoon mobile games instead of spitting out information you don't understand
Comment from : Thunder Arch

I love you already please keep calling these people out!
Comment from : OutlawStar Gaming

I like you put this to the test
Comment from : Michael Monberg

Somebody gotta do it! I hate it when I need cash and there's no atm near by 😑
Comment from : Jose Garcia

I think the most passive thing you can do is put a vending machine on your porch
Comment from : äpplet 1234

My barber shop has an ATM and takes cash only 💀 now i know why
Comment from : Ayden Reeves

Best passive income is dividends from owning stock in companies
Comment from : Joseph Lantz

Passive income is not real and I am sad people believe this kind of stuff works
Comment from : Aricin Rodriguez

Finally someone exposing these dumb tiktokers👌👌👌
Comment from : Andrew B

Damn when u gotta do work to succeed, life is so hard why can’t money just get passively put into my bank account
Comment from : jay_dont_miss

Generally ATMs are owned by the business who has it at their location They are; already there, get cash shipments for the cash registers, are the ones directly benefiting from it's use
Comment from : VengfulDarkness

Literally almost all people just use debit
Comment from : Iampaztro

Passive income my ass you gotta work if you want the money
Comment from : William

I've been waiting for one of these videos
Comment from : Josh Dye

You would make more money by vending machine and safer than atms in my opinion
Comment from : NooBestGamer

Vending machines are really good for income
Comment from : Mason Lagerveld

Heck on your passive income Be active Go out there and get it done
Comment from : Jesse Ross

You're right I'm a service tech And honestly I make money off the owners that own them and when they break I get that call more times than not I guess the difference is that I try to teach them to fix it by themselves
Comment from : Johnathan Hunt

Vending machines bro get like 5-6 of them hoes put them in in malls gyms schools if they let you just places that a load of people go to and they can make you up to a 1000-2000 a month you have to restock so you may spend a 3rd of the money doing that and you have to service the machines if needed but they shouldn’t really ever need it if you take care of the machines
Comment from : James

Gotta get creative My advice is to set up a mobile ATM at festivals Demand is high and access is low Perfect
Comment from : Austin Kirk

They have placement companies for ATM and bill payment kiosksbrAlso you can use your own cash or BOA can fill it for you Just research what I said and you’ll see It’s too long for the comments
Comment from : Sound Bangers ENT INC

Thank you! Yes these videos are so bullshit They just make it look good, nah, that's not how real life works lol
Comment from : Rep Gaming

Thank you! So many ignorant idiots make shit seem so easy when it’s really not
Comment from : Zachary Windover

Candy machines/soda machines are actually much more viable of an option for passive income
Comment from : Eleanor Shellstrop

Gumball machine
Comment from : Жељан батина

Btw passive income isn’t real
Comment from : PeanPean

I did it for a while had a 9 machine route it was too capital intensive for my preference
Comment from : PeanPean

Because it is easy you're just lazy as shit and want to do nothing and get paid for it
Comment from : Thales Hoth

And people will look for a normal free of charge atm, so i guess you have to be a big non bank atm company to make a nic e profit I never print money, but when i need it on a holiday there are always enough free once
Comment from : S

Passive income is not a real thing
Comment from : Prizm

Thats why you typically see off brand atms in ghandi marts bro
Comment from : Duderito Z

Thanks People need reality checks from all this social media
Comment from : Prick Ayeey

Puts 50k In ATM per month Yay I made 500$ lol foh
Comment from : MrLGreyName

THANK YOU everyone keeps saying atms and vending machines are primo passive income generators
Comment from : Successful Username

This is only a good side hustle if you already have a shit ton of expendable money Like enough to buy about 20-40 atms and have the connections to get them placed
Comment from : ProfessionalSillyKittyEnjoyer

It is only a usable passive income if you own your own business
Comment from : TJ OKeefe

It's not passive income if you're actually doing something, otherwise everyone would do it
Comment from : Osrs Weims

it a lot depends how you outreach my friend , guys all side hustles come with their challenges it’s up to you to decide that if it makes sense but people go very far all the time starting these hustles
Comment from : josue hernandez

Errrr there’s so many authorisations and legals that you have to pass thru in order for an atm to start operation…… Mind you, only corporates have the recognition to even raise a permission, individuals can’t even… how do ppl even think they can do this at all??????
Comment from : Gunbardo

cash machines in the uk arent allowed to charge a fee to withdraw money
Comment from : Alex Sacre

Its also just not future proof at all
Comment from : Gingerchu69

Most people that own ATMs are the people that own the spot where they are at or somehow know the people that own the spot
Comment from : Ju Boi

This isn't a side hustle This is a large scale investment You're working with money, not bubblegum so you need to come across as reputable enoughbrbrBesides that, this needs to be done at larger scales because your machine will get robbed, it will break down, it will need maintenance It's not a question of if but a question of when
Comment from : Gio98art

I think the point is if you have a business you can put an atm on your property and make passive income, or atleast that’s the goal
Comment from : Sush1ft

Here’s a side hustle no one wants you to know!!! First acquire a profitable bar and accept cash only Set up an atm inside the bar and charge a high fee Follow mebrFor more tips!!
Comment from : Moo Kitty

But don't you need money to keep it stocked
Comment from : Autumn

Talking about it like it's a gumball machine 🙈
Comment from : Adam Cooper

Yea your legit bro! Nice video, you actually put the leg work into their crack pot ideas
Comment from : Danger Diesel

Passive income isn’t meant to make u loads of money off gate, and 30 calls is nothing u gotta get up in the hundreds if u wanna make sumn happen, you don’t really want something if you’re not willing to work for it
Comment from : Tyler Flowers

plus, who the hell uses an ATM machine that charges you a fee?
Comment from : anas zeidan

I actively avoid other people's ATMs and go to my bank's ATM specifically because of that stupid transaction fee
Comment from : A Felons Perspective

This guy actually seems to be smart All these guys claiming to be financial gurus or side hustle kings giving out bull shit advice, and this guy is keeping it real
Comment from : KailyKail

“Passive income” does not exist
Comment from : Anthony

Great job in breaking this down All of it sounds nice to own an ATM but the how’s behind it is different
Comment from : Black Korean

ATMs in NZ are all owned by their respective Banks
Comment from : TehBIGrat

Dude you have to buy 20 ATMs brThat’s the business modelbrIt’s like criticizing the owning of one soda machine Dumb
Comment from : slappy happy

The only way this works is if you have the location of a weed dispensary which only takes cash like in LA but not everyone has that option so #2 is probably a strip club that's cash only your not gana be successful at a barbershop or some small location more trouble than it's worth especially in this day and age where cash is almost becoming obsolete
Comment from : Zack Diaz

Passive income is a myth You have to work to make money
Comment from : Maxwell

Vending machine is better imo, better profit margins
Comment from : Beanstank

A lot of people have stopped trusting ATMs that are not at Banks due to card skimmers
Comment from : Xander

Ok, so the big opening for an atm service is the cannabis industry Most of these license holders don't want to maintain the atm in the location I used to talk to the guy that ran the machine in my old shop He started with 1 and and now he has about 15-20 machines in shops from Washington to Oregonhim and his wife kill it and just travel back and forth filling the machinesbrAlso, I asked about the robbery issue He said that the cash in the machine is insured and the machine is worth dick next to the insured cash
Comment from : Jonah Glover

You forgot something There's companies that you can partner up with that install the brand new machine and you get 50 AFTER electricity this video isn't 100 correct
Comment from : Sercan Serj

"small transaction fee" tf most charge me 7 dollars on a 20 dollar withdraw
Comment from : Rewind_Shot

even if ATMs branch has my banks logo? I never got charged on those but I did get charged when I used to ones in the supermarket
Comment from : mizu eeep

Lol I want more money for less work! Uuugh
Comment from : VulcanGray

These side hustle business ideas are not applicable into real life They’re attractive, simplified ideas that sound easy In reality nothing is gonna be “completely passive” and make you rich Passiveness in a business takes years to build when doing it correctly These YouTubers need to stop brainwashing people with the idea they can life hack their way to a money printing machine, it’s not gonna happen Find something you’re good at, take a risk, and do it better and cheaper than the rest of the industry Sweat to succeed and stop acting like value is procured from nothing
Comment from : Zach Anderson

I bet his dad actually owns that atm
Comment from : savinprivtemike

Do the vending machine side hustle next
Comment from : Sonichu

Typically you know people are pulling your leg when they introduce themselves and that stupid tick tock format of screaming at the screen
Comment from : skiie

Who uses ATMs though?brIf you need cash go to your bank or buy some grocery item you're already going to buy and ask for cash back
Comment from : Maverick Dakota

I've been here I think any conoany you start that does small sales will get you 5 bucks profit per item
Comment from : willie2024

No such thing as passive income
Comment from : Gabriel Mertell

Lol my parents owned a store my whole life so I already knew about ATMs, glad to see you call it out It is absolutely not a side hustle, its an additional convenience places have for customers The minor profits are worth the time if youre already running a business
Comment from : Fred H

Pretty sure vending machines would make more money than this 😂
Comment from : Adam lury

Ah yes, put all my money into an ATM so I can make $3 for all of my life savings
Comment from : Ryan Kane

This is a very good idea if you own a business that deals in hospitality, for instance if you own your ATM in your bar and keno only takes cash it’s a formula for success you can clear like 1000 a month per ATM
Comment from : Luke Cavanaugh