Side jobs and supplemental income, what do you do?

[ST1G]

This trick really does work. I make over 10k per day.

[kickinindian]

paging F34R! paging f34R!

[lambo]

May have stumbled upon some performance automotive engineering side work. Still waiting on details.

[Vedubin01]

Nice work jalopi

For real, really nice work.


If you have a some money stashed away look into the ATM business. I started a side business doing ATMs. It does take a few bucks to get into it but its not a lot of work. Making money every time one is used. Besides buying the machine, you stay liquid. A site with a contract can be sold for 10x to 22x its monthly payout, plus the cost of the machine. I currently have 8 machines and have to spend about an hour or two a week working to take care of them. Good profit margins, low work load, and stays mostly liquid is a win win for me.

[ST1G]

For real, really nice work.


If you have a some money stashed away look into the ATM business. I started a side business doing ATMs. It does take a few bucks to get into it and its not a lot of work. Making money every time one is used. Besides buying the machine, you stay liquid. A site with a contract can be sold for 10x to 22x its monthly payout, plus the cost of the machine. I currently have 8 machines and have to spend about an hour or two a week working to take care of them. Good profit margins, low work load, and stays mostly liquid is a win win for me.

That's really interesting. I've never heard of that being a thing. Sounds like it's got a better margin than $.25 candy dispensers.

[Vedubin01]

That's really interesting. I've never heard of that being a thing. Sounds like it's got a better margin than $.25 candy dispensers.

Simple break down of how it works.

I have mostly the Hyosung 2700 machines that are EMV ready. Machine cost around $2500 plus install. Once you see it done a few times you can install yourself or pay around $1-200 for install.

Find a good location, being that I'm already in the hospitality industry, I am able to find machines locations in night clubs and restaurants. A lot of people in this industry are lazy and don't keep their machines loaded, so its a good way to get into a location.

Sign a 5 year contract with owner of location. Usually giving him a split 40/60 or 50/50 of the transaction fee.

The money that goes into the ATM machine can be yours or you can find "Loaders" that will then get a cut of each transaction. Customer uses the machine, your "Vault" money is returned within 24 hours and the processor pays the earned "Transaction Fees" 1 time a month.

I load out a machine so I only have to reload 2 times a month. Unless there is a connection issue or something I really never have to go see the machine. Online dashboard will allow me to see each machine in real time.

My service fees for the ATMs range from 3.50 to 4.95 per transaction. I split all of mine 50/50 with the owner of the locations.

[ST1G]

That right there is how the cookie crumbles.

How much cash does a ATM machine take to stock? Seems there would be an advantage in getting a location where people only want to take out $20-$80 instead of $400 since you're making a flat transaction fee.

[Vedubin01]

That right there is how the cookie crumbles.

How much cash does a ATM machine take to stock? Seems there would be an advantage in getting a location where people only want to take out $20-$80 instead of $400 since you're making a flat transaction fee.

The law states you cant set the maximum atm withdrawal to anything under $200. So all of mine are set to $200. Most people use mine to withdraw around 100 per transaction.

I started off with $3k to get into the business. I purchased a used machine and was lucky to know someone in the industry that kinda showed me the ropes. My first machine was a Hyosung 1800se. I paid 1k for it and loaded with the other 2. I would go though 2k a week and over time rolled that money into being able to buy 7 more machines and keep them much more loaded. Once you show you provide good service, your name spreads and you start getting referrals.

I called this business my retirement fund. It pays out better than any stock market or mutual fund and Im always liquid.

[ahrensNW]

I'm selling wholesale condoms this fall at college. 300 percent profit off them, I'm brilliant sometimes.

[Vedubin01]

I'm selling wholesale condoms this fall at college. 300 percent profit off them, I'm brilliant sometimes.

you doing deliveries as well?

[jalopi]

maybe he does live demonstrations

[jalopi]

that's an interesting side operation you've got going on vdub, guess it helps you're in the entertainment industry (don't you run a club or something? could've sworn i read about that in the bus roadtrip thread)

so do you have insurance on your machines? i'd be worried as shit about one of them getting stolen and losing a SHITTON of cash at once. i mean, what do people usually stock those with? $5k?

regardless, unless you get robbed, 1.8-2.5% guaranteed interest isn't bad, it's certainly much better than any bank interest these days

[Das Delfin]

I started off with $3k to get into the business. I purchased a used machine and was lucky to know someone in the industry that kinda showed me the ropes. My first machine was a Hyosung 1800se. I paid 1k for it and loaded with the other 2. I would go though 2k a week and over time rolled that money into being able to buy 7 more machines and keep them much more loaded. Once you show you provide good service, your name spreads and you start getting referrals.

I don't know if your business model is hilarious or inspiring. Has anyone drunk or stupid late at night ever messed with or broken any of your machines?

[ak-]

For real, really nice work.


If you have a some money stashed away look into the ATM business. I started a side business doing ATMs. It does take a few bucks to get into it but its not a lot of work. Making money every time one is used. Besides buying the machine, you stay liquid. A site with a contract can be sold for 10x to 22x its monthly payout, plus the cost of the machine. I currently have 8 machines and have to spend about an hour or two a week working to take care of them. Good profit margins, low work load, and stays mostly liquid is a win win for me.

I service a business client that does this and he withdraws around $12,000 to $19,000 in 20's from me every two weeks or so to reload his ATM's.
Poor guy got robbed one day of $15,000 walking out of the bank to his car from people who were obviously casing the place and his routine. He was new to the business, a foreigner as well, and didn't know that there is some insurance program the bank could of helped him with because of the act, but unfortunately lost it all.

[AWDBOB]

I fix/flip/part cars. And it normally makes me more $$ than my 'real' job.