There are tons of side hustle ideas out there. However, most of them require you to consistently invest time, which is basically just getting a side hustle job. Or, you need to invest a lot of time, effort, energy—and maybe money—up front, which will pay off… Someday.
But, there’s a side hustle that gives you an almost immediate return on a relatively small investment. If you’re thinking, “buying ATM machines,” you’re right.
An ATM machine will almost immediately generate income. And, you can get great deals on used and refurbished ATM machines. So, the barrier to entry in the ATM business is low, and the ceiling is virtually non-existent. You can own as many ATMs as you want.
But, the best part is that it takes very little time to maintain and operate your ATM machines once they’re installed. This means operating ATM machines is a true side hustle that will have very little impact on your full-time job or free time. And, your ATM business could easily replace your full-time income.
Here’s what makes owning ATMs such a great side hustle to make money without giving up your evenings and weekends.
Generate Passive Income
Most side hustle jobs are just that, jobs. They require a lot of time. They might pay an hourly wage. It’s a good way to make some extra money. But, it’s also a good way to end up working even when you’re not at work.
On the other hand, an ATM machine only has two major time investments:
- The time it takes to install your ATM.
- The time it takes to fill your ATM with cash.
Other than that, your ATM machine sits and makes you money without your help. The time investment in operating an ATM is low enough that you can easily run multiple AT machines without hiring anyone (or giving up your social life).
With enough ATM machines—and not even that many—you could easily add a second full-time income stream without quitting your full-time job.
No New Skills to Learn
If your side hustle is doing work with the skills you already know, that side hustle is essentially additional hours in your primary job. That’s not ideal if you’re trying to maintain peak performance in your current career. And, it’s definitely not ideal if you want to use your side hustle to transition into a new career because you’re dissatisfied with your current job.
Owning ATM machines requires you to learn zero new skills.
Yes, you’ll need to know how to setup and install an ATM. But, that’s not really a new skill. It’s no more complex than setting up and installing a smart TV. You can learn how to setup an ATM in—no exaggeration—a matter of minutes.
Compare that to most skills you’d learn to make money. Most take months or even years to pick up. Then, you spend even more months working entry-level gigs to build the experience and track record you need to create a meaningful income stream.
This means that generating income with ATM machines takes less time and effort than learning a new skill. And, that means that you’ll start making money faster.
Incredibly Simple Business Operation
There’s real estate, affiliate marketing, funnel building, and other businesses that are marketed as amazing side hustles or primary income streams.
However, all of these are deeply involved businesses.
You have to find houses to flip, and fix them up to make them saleable. Or you have to build an audience to get enough traffic for your affiliate offers. And, you can’t make money with a funnel if you don’t have a product to sell.
The reality is that these side hustles aren’t really side hustles at all. They’re full-time jobs.
In contrast, all you have to do in the ATM business is buy an ATM, find a location, and install it. The ATM company handles the backend business operation. All the payments, reporting, processing, and other business operations are off your plate.
All you have to do is make sure your ATM has cash in it, and watch the transaction fees roll in.
Low Upfront Investment
Let’s talk about the cost of an ATM.
An ATM machine costs a rough average of $2,548. Keep in mind, that’s the average price. You can get ATMs for much less. We’re using the average for the sake of comparison.
You’ll also need around $2000 in cash to stock your ATM with $20 bills. The total to setup an ATM and start making transactions is about $4,548.
$4,548 might sound like a hefty investment. But, the cost of the ATM is a one-time expense. You can use the same $2000 for restocking your ATM. It’s cash you need on hand, not a direct expense.
$4,548 is actually quite modest when you compare it to the upfront costs of other side hustles:
It’s much less than the cost of buying a house to flip (and far less risky).
More affordable than all the months of paying rent and living expenses without your side hustle income while you learn something like coding or build your affiliate marketing audience.
Lower long-term cost than the overhead expenses of subscription services like ClickFunnels, which eat into your profits, and actually add up over time to far more than the cost of an ATM.
The only reason the initial cost of an ATM seems high is because you may have to pay it in a lump sum. But, it’s a much more affordable investment than many other side hustle businesses. It comes with no persistent overhead costs. And, buying an ATM costs you almost no time.
Last, but not least, is the risk. All side hustles involve some risk. Even if you’re just going to a side hustle school to learn a new skill, there’s a risk that you won’t be able to find work using that skill. Think of all the college graduates who never use their degree. The same rules apply to learning side hustle skills.
Investment side hustles like real estate and investing carry even more risk because there’s no way to guarantee a return on your money. Stocks tank. Houses sit on the market for months or years.
But, an ATM machine reliably generates income (unless you hide it in a dark alley, behind a dumpster or something like that).
It’s true that some locations get more traffic and more transactions than others. But, if you put an ATM where people can see it, they’ll use it. And, you get 100% of the transaction fees.
Cash still accounts for 30% of all transactions, and 55% of transactions under $10. And, $10 transactions are exactly what you want, since most people will get a $20 out of an ATM for a $10 purchase, which means you get more transaction fees without having to refill your ATM as often.
The No Hustle Side Hustle
Side hustles are a great way to earn some extra income. But, most side hustles just turn your spare time into extra cash.
With an ATM machine, you dependably turn cash into more cash. Just get an ATM. Install it. And start generating income. You could do it over a weekend.
No, you won’t get rich quick. But no side hustle is intended to make you rich fast. It’s about creating reliable long-term income. And that’s exactly what owning an ATM does for you.