When it comes to increasing the revenue of your retail business, you have to work on several factors such as bringing new products, implementing new strategies in order to enhance the number of sales leads, and many more. As a businessman, if you want to increase the revenue, you have to think out of the box. Actually, we are talking about passive income. Yes, along with the direct profits, you have to keep your eye on passive incomes. In addition to this, we must tell that in this era of credit card payment services or online bill payment services, ATM for small businesses can play an impactful role in order to increase the passive income.
Well, there is no doubt that setting up an ATM otherwise known as Automated Teller Machine in your retail shop can generate additional profit for your business. But, you might be surprised to know that most businessmen do not have any idea about the benefits of ATM and this is why we have come up with this article where we are going to tell you how ATM can grow the revenue of your business. So, go through the following points to keep your business ahead of your competitors.
A Brief Overview
If you have a brick and mortar business or retail business such as fast food shop, bar, hotel, restaurant, and many more, you must install an ATM at your shop in order to generate passive income. You might be surprised to know that operating as well as owning an ATM machine is much easier than handling a merchant account.
ATM is not a new thing in the 21st century. Therefore, several reports say that retail stores consisting of ATM generate more sales and they are more successful. In the era of online bill payment, people still give more preference to cash over credit, and therefore, when they will come to your shop for withdrawing cash, they will often end up purchasing small items from your store. Thus, the volume of your sales will be increased.
Some Ways an ATM Can Increase Revenue
After going through the overview, you have probably got a basic idea. Still, we have added some specific points to give you a concrete concept.
Attracts New Customers: An ATM is always considered as a necessary service and therefore, installing an ATM at your shop will provide your business with a new edge. It will not only work as another source of income but also attracts new potential customers. Yes, you have heard it right. Needy people can use your ATM and make an enhancement in your business profit by providing the transaction fee. Moreover, if you can decorate the surrounding of your ATM with necessary as well as alluring items, it might enhance the number of sales leads. If that person repeatedly uses your ATM, he or she will become your potential customer.
Enhancement in Sales: Report says that people carrying cash have a tendency to spend 20% to 25% of their cash by purchasing items. Therefore, if you install ATM in your shop, there will be a higher chance that people coming to your retail shop for withdrawing money will definitely purchase items from your store. As a result, it will make a solid enhancement in your sales. The report says that business owners can increase their sales by 8% by installing an ATM at their store. Moreover, it will give you double benefits. There will a passive income in the form of a transaction fee and your sales will be increased.
Expenses Associated With ATM
Expenses associated with ATM must be considered as one type of investment because of its endless benefits. However, if we talk about the cost of an ATM, it can be somewhere between $2000 to $10,000. Along with it, you have to check whether it is loaded with cash or not.
Ideal Option For You
So, you have probably understood the importance of ATM and now, if you want to make some passive income through ATM, we have the best option for you.
Get in touch with International Payment Solutions and grab an ATM for your business. ATM from International Payment Solutions is ideal for gas stations, convenience stores, jewelry stores, nightclubs hotels, shopping centers, bars, restaurants, casino, and bingo sites.
How You Can Start
Contact International Payment Solutions
Purchase an ATM
Start making your passive income
How It Works
Call or mail International Payment Solutions
Choose an ATM program
Start making money
How Much Money One Can Make Out of ATM
Well, it depends on the ATM programs that you choose. An average in retail stores can do 6 to 10 transactions per day.
How You Get Paid For Transactions
Well, you will get a real-time dashboard through which you can track each transaction as well as a surcharge. You will be paid in one business day.