Post Reply ATM Machine business?
2047 cr points
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24 / M / USA
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Posted 10/14/15
I have a full time job now that I actually enjoy and pays well. But I'm an entrepreneur at heart and I'm always looking for ways to make some $ on the side, a little side hustle if you will. Because it never hurts to have a little extra $ and I really enjoy the satisfaction I get from doing it on my own.

In the past I've almost always done flipping. Boats, cars, motorcycles. I've been pretty successful with all this, finding a motorcycle for $500, get it running, give it a cheap spray can paint job on the frame and tank and send it on its way for $1,100. its just not consistent enough and has very limited growth potential.

I want something I can really grow if I want. I don't mind a little work from time to time, but it can't become a second job where I'm putting in 20hrs a week.

I invest so I have no problem putting out a larger chunk of money now to make it back slowly over time. This is why I was thinking ATM route. Buy a machine for $2000, even if it only generates $80 a month in revenue thats almost $1000 a year and you'll be in the black in 2 years. Then you just need to drive a round a few hours a month reloading the local machines.

I originally thought about purchasing rental property, which I still may do one day. But if I had $20k to invest, would I rather use it as a down payment on a house that'll cash flow $150 a month if I'm lucky.. Or would I rather have 10 ATM machines making me $1,000 month with the potential to add more.

I'm not sold on the ATM idea, that was just an example of what I'm thinking of. Anyone have experience with this or anything similar or suggestions? I'd really like to get something rolling in 2016.
22899 cr points
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52 / M / Bay Area
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Posted 10/14/15

biscuitnote wrote:

I have a full time job now that I actually enjoy and pays well. But I'm an entrepreneur at heart and I'm always looking for ways to make some $ on the side, a little side hustle if you will. Because it never hurts to have a little extra $ and I really enjoy the satisfaction I get from doing it on my own.

In the past I've almost always done flipping. Boats, cars, motorcycles. I've been pretty successful with all this, finding a motorcycle for $500, get it running, give it a cheap spray can paint job on the frame and tank and send it on its way for $1,100. its just not consistent enough and has very limited growth potential.

I want something I can really grow if I want. I don't mind a little work from time to time, but it can't become a second job where I'm putting in 20hrs a week.

I invest so I have no problem putting out a larger chunk of money now to make it back slowly over time. This is why I was thinking ATM route. Buy a machine for $2000, even if it only generates $80 a month in revenue thats almost $1000 a year and you'll be in the black in 2 years. Then you just need to drive a round a few hours a month reloading the local machines.

I originally thought about purchasing rental property, which I still may do one day. But if I had $20k to invest, would I rather use it as a down payment on a house that'll cash flow $150 a month if I'm lucky.. Or would I rather have 10 ATM machines making me $1,000 month with the potential to add more.

I'm not sold on the ATM idea, that was just an example of what I'm thinking of. Anyone have experience with this or anything similar or suggestions? I'd really like to get something rolling in 2016.


You got a 2004 car or newer be a lyft or Uber driver I have a lot of friends do it part time make 200-300 bucks then turn app off go back to studying so maybe 20 hours tops every 4 hours make 300=1500 extra income
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