in this video we're gonna talk about where the money comes from that you put
inside your machine so how do you fund the money that goes in your machine that
people are gonna withdrawal out and pay you a surcharge fee hey there my name is
Carey Buck and I've been an independent ATM business owner since 2009 and I've
also been an ATM business mentor since 2011 where I teach people just like you
how to start your own profitable and successful ATM business so lately I've
been getting a lot of people asking me like okay Carrie where do I get the
money to put in that side of machine or okay how do i fund the cash that goes
inside the machine you know that people are gonna withdraw and paying for right
pay you that search rush one first thing I want to say is I think a lot of people
ask that question because they feel that you need to put a lot of money in the
machine right and if you are a bank ATM or you know an ATM inside of a
convenience store like a Wawa or something yeah you gotta put a lot of
money in those machines right they have like any of the convenience store around
us Oh wah wah I went there one day and a guy was working on the machine and I
just have her start talking when I asked him how much money they put in there and
he said $250,000 right that's not what you're dealing with when we're talking
about putting ATMs in local businesses even if you're doing events you're not
putting 250 grand in one machine okay so that's why I think a lot of people you
know are like oh my god I need I need so much money to put these machines how am
I gonna fun putting money in the machine so the first thing is first you don't
need as much money as you think okay if you're putting ATMs in local
businesses you literally can start with a thousand dollars in your machine
that's how I started was I know how much cash right you can literally start with
a thousand dollars in machine um if you're doing mobile you're probably not
gonna snow hundred thousand dollars you probably the minimum you're gonna have
to do mobile is five thousand dollars and you're only doing smaller events I
only go in smaller events but mobile a good good figure is say
you need fifty five thousand to fifty thousand plus a local you know putting
permanent placement putting local ATMs in in local businesses thousand is good
I usually like to strive for 2000 and 2500 you might have some locations you
put four grand in but you can start with a thousand and and kind of set a goal to
take it up to two grand and the location is gonna tell you you know okay do you
need more money do you need less money and you're gonna tell you based on how
often you fill it based on the activity right but you can get started with just
a thousand dollars in your ATM machine alright so I think that's the first
thing that I wanted to tackle because I feel like a lot of people think you need
a whole lot more money and that's why they ask that question like only shape
it where I'm gonna get all this money to put inside a machine right so just relax
you don't really need as much as you think um the second thing is let's talk
about different ways to come up with the money um to be money you already have
maybe your money in the savings account that is earning you a shit interest rate
like 1% a year for you're lucky sometimes you need I mean or maybe it's
in a money market account and its Arney 2% a year 3% right a year let's keep in
mind a year okay so maybe you want to take the money out of that maybe you
just have it under your mattress because you don't like the banking world and you
don't trust it on all right but if it's your cash you just take it out from a
place that's not working for you and not letting your money work for you and you
put it inside an ATM which that will allow them your money to work for you
basically right so that's one method but the other method is you can borrow it so
you can either borrow it from what's what's called a private money lender so
it's just friends family coworkers even a stranger honestly cuz I've
already private money from strangers believe it or not but you borrow that
money from somebody else okay and another way to borrow money is
you know loan maybe you get a
maybe I've been home a karela whatever it is that's your money right but you're
borrowing it okay and it just wouldn't be a small business loan an SBA loan
because they wouldn't lend to ATM businesses or tanning salons oddly
enough you can also borrow your money and get a loan from let's say your
credit card right because you're gonna get a cash advance again it's not your
money like you have to pay it back you know so you can borrow from a credit
card another way that you can get money to fund the inside of your machine is to
have a cash vaulter right so that's somebody else adds money and it's gonna
put it inside a machine for you you know for obviously a price right um and one
way you can use a cash holder is the business the business owner themselves
could be the person that puts the cash in the machine right the other way is it
could be somebody completely outside of the business and they have cash and
you're willing to pay them to put that money inside that machine okay so you
can do that now here's a really interesting thing
I usually don't recommend people borrow money you know like get a loan or
actually I don't care vegan alone I don't care if you use a credit card
well I should say I don't care if you use a credit card okay to fund your
business just be careful about using a loan let's say from a bank not because I
care about the bank but you know you don't want to screw up your credit if
you can't make payments or what-have-you right but the thing that I really
caution people to stay away from is private money when you're first started
because when you're first starting honestly you don't know how much money
you're gonna make you have no idea right and if you are getting some a friend
family co-worker stranger to lend you their money they're trusting you with
their money you want to make sure you can pay them back right you don't want
to screw with other people's money because a lot of time private money
lenders are lending you their retirement funds you don't want to fuck with
people's retirement and I mean just don't want to screw people
look screw people's money in their retirement you know if you screw up a
bank loan they screw up a credit card what you're gonna screw up your credit
you know that's gonna you're gonna screw you up but you're not screwing another
human being yeah that is trusting it you know I'm saying
by the way I don't please don't take this as don't pay your bank able to do
pay your credit cards I'm not I'm not saying that because I you know I'm a
very high credit score and I intend to keep it that way
and I've worked my ass off to have a high credit score and pay all my loans
and my you know credit cards and what-have-you
and even my private money was okay um but I'm just saying just be very
cautious when borrowing money okay it does have his advantages especially when
you're talking about ROI return on investment I'm probably gonna do a video
about this all right because when you talk about ROI or return on your
investment if you borrow money your ROI is higher I know it sounds weird like
you know I tell you be cautious because you don't want screw people over but
when you borrow money your ROI is higher because the principal at your bar isn't
included in the ROI calculations the expense of paying interest is but the
principal of that money bar is not included in the ROI calculations all
right but if you use your own money that is included in the ROI calculations
because it's your investment right I know I can be good for you and I'm gonna
do it better I promise um so there's an advantage of borrowing
money but I just want people to be really really cautious because I don't
want you to just go out there willy-nilly empower money for people and
not have a care in the world with you can pay it back or not cuz that's not
how we roll that's not how we're a fickle and and and doing things a proper
way in life right do not do that um so yeah I mean those
are the main ways to do it you can use your own money you can use a cash
Walther business owner or another person or you can borrow it
credit cards probably money lender alone like a personal loan or home equity loan
or something like that hopefully that makes some kind of sense I know probably
the ROI stuff probably made everything's clear as mud but I just want
there are some advantages to leverage and borrowing money's borrowing money
when it comes to ROI but when it comes to just the word I'm looking for being a
feeling okay feeling like you don't have like this weight on your shoulders
because you borrowed some money from from a person and you're like oh shit
I'm not making enough money I got paying back right that feeling isn't there if
you don't want the Bartha money you get them saying and I want you to be as
stressful fleet stress-free and even keel as possible when you go on this
venture to start your new ATM business because the more just for you are and
the more you don't have any financial stress the easier it is for you gonna be
in them to jump in there a rock-and-roll kick but everybody that makes sense you
got any questions guys just post the questions below
you know antrum do not forget to like this video and click that ATM right
there and subscribe to my channel and please don't um don't be shy about
posting below what you think my next video should be about and again I hope
that all makes sense if you guys would like to learn more about the ATM
business feel free to go to ATM business blueprint dot-com there you will be able
to grab my free ATM business roadmap that will just show you kind of like a
bird's eye view kind of a mind map of how I went from zero to generally three
to five thousand dollars plus per month just by putting ATMs in my local
business local businesses and in the area also when you opt in to that list
to get that roadmap you're gonna be added to my list
and I do send out daily emails I try to do them every day don't worry don't be
weirded out about it it's gonna be like unlike any other email you get in your
inbox alright so it is informative and it is educational so I think y'all fun
reading them but always know you have that safety net of the unsubscribe link
at the bottom of every one of my emails but I promise that I make them
educational and make them fun and I do try to do them every day but Thursdays I
don't like I did someone yesterday you know so go to ATM business
print.com grab that free ATM business roadmap and I'll show you hang on from
zero to three to five thousand dollars plus per month in you know just passive
income from putting ATMs and local businesses but when you're on the email
that you learn more about mobile ok Mobile is where you put ATMs at local
events and you may be just a cash in a small time frame by listen I'll talk to
you soon have a great day and may you live happily off a passive income
you
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