I bought an ATM for $1000, all in with the set-up was probably $1200. I’m netting $100/mo now…so yeah, decent ROI.
Caveat* I have access to a good location.
Comments Q and A
I’d like to hear more about this. Where is it set up? Do you pay utilities, transaction fees? Where do buy one?
A/I’m in Denver, bought a used machine from a place “Advanced Technology Management” (who have been really great). They set up pretty much everything, all I had to do was put money in it and plug it in. Continue reading
- A number of years ago, I decided to start a blog and write up the projects I was already messing with for other people to learn from, with the end goal of maybe making a few bucks from advertising to fund hobby supplies. It wasn’t long until a random stranger found my blog and sent me an e-mail. “Hey, I saw you fixed a radio. I have that same radio, and money. Can we work something out?” So I took my first commercial job.
Fast-forward to today and now I own a stereo repair shop serving customers across the country, and I write a magazine column based mostly on my blog posts.
My local competition is all about to retire (not to mention most non-local competition)….things are going to get interesting in the next 3-5 years.
Before I get into it I want to mention I am extremely fortunate to have a full-time job as a firefighter that allows me to work at the business more than the average 40 hour a week 9-5. But with that being said, this business could be run by someone wanting extra money working on Saturday and Sundays.
Back in 2013 working part-time for a tree guy, I noticed the need for stump grinding in my area. It was the perfect business for me, the startup cost was minimal compared to other business and I could run it part time keeping it simple as owner operated. Also unlike other businesses, I could pause and start whenever I wanted, and at the time I was only looking for an extra 1,000 a month or so. Continue reading