What is the easiest way to create passive income Veeky Forums? I'm thinking of buying...

Supergrass
Supergrass

what is the easiest way to create passive income Veeky Forums? I'm thinking of buying an atm, but Im not really sure how to go about getting it placed somewhere good

All urls found in this thread:
http://www.bloomberg.com/graphics/2015-atm-bombers/
http://vendiscuss.net/index.php?/forum/17-locating-discussions/
StrangeWizard
StrangeWizard

@Supergrass
You can do that?

Nojokur
Nojokur

@StrangeWizard

yes

@Supergrass
. I knew a guy who bought his own vending machines and he just asked business owners

hairygrape
hairygrape

@Supergrass
And now, an attempt at analyzing best spot for ATM machines.

I'm assuming you're trying to do that in the US? I don't know all that much about the economy there, but I'll give it a shot.

First, you need power & internet.
Internet could be mobile, so you're less tied down there, but it will probably be more expensive.

As for electricity, could do with a battery as well, but not sure how long that will last you / how expensive it will be.

Also, you will need to restock it with money, most probably daily.

Basically, that rules out spots like in the middle of the desert, unless you're determined to make Reddit frontpage once a year (with shilling, of course).

You need to make sure you have no competition. Banks normally give cash out for free, so placing one near those is a no-no.

Additionally, if there are no cashpoints around, it probably means there's a reason. It's very likely your machine will get smashed and the money inside looted.

Best place would be inside a relatively respectable business. Shops are fine usually, as you will get a free spot most likely, or a spot for cheap, and you will get some business as well, as long as there's not a free cashpoint right outside the shop.

Places with alcohol are probably best, ideally ones that charge for card transactions.
Drunk people don't care too much how much alcohol costs.

Probably missing quite a few things, but hopefully it helps you a bit.

Methshot
Methshot

I'm a full stack developer, my only issue is lack of ideas.

Skullbone
Skullbone

@hairygrape
also security, and insurance, banks invest in anti-gas piping detectors, that shit isn't cheap.

cum2soon
cum2soon

@Supergrass

Stocks that pay dividends.

Emberfire
Emberfire

@Skullbone
what is this even; google returns anti gas siphoning devices when searched for

VisualMaster
VisualMaster

loan cryptocurrency out at 2% on poloniex.
you can also stock up on nxt there.

Spazyfool
Spazyfool

@Supergrass
Try to hook up with some conventions of some sort. I was working a convention in Texas one time, relatively small with 20k visitors over the whole weekend. During my down time I struck up conversation with a guy putting money in the ATM. He said its a great business, especially for conventions because a lot of people need cash. They charge a flat fee of like 3 dollars to take out any amount of cash. The best returns are obviously people withdrawing the minimum of $20, where you'd be making a 15% return on your money. The guy said he was making roughly 10% return on every dollar he put in.

It does require you to have A LOT of cash on hand. This guy that owned the machine said he had a retired cop that would basically front the money for the events, in exchange for like 1$ every transaction. He said over the course of the weekend, he would do roughly 8,000 transactions. Which means he would make roughly $16,000 and his friend would make $8,000. At the big events he would do even more.

The good thing about setting them up at conventions, is that theres minimal risk of them being stolen because they're under 24hour watch, and it's only 3 days of work with huge amounts of transactions. You just have to have the money to fill it.

The machines they had seemed great. They had cell service built into it, so they didn't need internet connection. AND he could remotely view the money levels in the ATMs so he knew when he needed to go by and stick more money in. Just start off at some tiny ass conventions, and work your way up as you build credibility with the small conventions

Nude_Bikergirl
Nude_Bikergirl

@Supergrass
hashocean

CodeBuns
CodeBuns

@cum2soon
Takes a huge amount of money to create any meaningful dividends.

(e.g. at least 2-3 million invested to have a decent annual salary)

Spazyfool
Spazyfool

Who pulls money from an ATM anymore?
Even my coke dealer takes BTC.
When I'm in Atlanta I use an escort service for a stress release fuck. Coolest thing ever the bitches all have card swipers on there phones. I'm even going to expense my next bitch.

Fried_Sushi
Fried_Sushi

@Spazyfool
There are a ton of places that only accept cash because they grossly under report income for tax purposes.

Methnerd
Methnerd

@Emberfire
Google harder dude, I just found it. It detects explosive gas being pumped inside the ATM. Apperently that's something to be concerned about?! Holy shit! lol

TalkBomber
TalkBomber

@Methnerd
holy shit
http://www.bloomberg.com/graphics/2015-atm-bombers/
Guess we need to ban welding gas

WebTool
WebTool

@TalkBomber
3 ATM's in my town where blown out in about a month lol. I think unless it's a bank ATM best to have it indoors in a secure environment.

whereismyname
whereismyname

@Spazyfool
my coke dealer takes btc
why lie friend?

takes2long
takes2long

@Supergrass
what is the easiest way to create passive income Veeky Forums?

Property, obviously. Renting appartments in a big citiy is an absolute cash cow. You need to put in a bit more time for like half a year to supervise renovations and find good tenants and then the cash keeps rolling in with about 30min per month spent on accounting.

I guess your ATM idea is kinda similar, but here's the key difference: In a year your used ATM will be virtually worthless. Your real estate instead appreciates (if you ever wanted to sell it and if the US doesn't crash the housing market again).

In the end everything that swaps a one-time payment for an infinite series of pay-outs is kinda similar I guess. You just have to evaluate the associated risks (inflation, market, vandalism, etc etc) and find the right option for you.

cum2soon
cum2soon

What about vending machines?

Emberburn
Emberburn

any tips on starting an ebook business?

Methshot
Methshot

@Supergrass
Check out hashocean OP...
now where did I leave that referal link...

Stupidasole
Stupidasole

@whereismyname
No shit.. As far as I know guy refuses to handle cash. He's not some corner nigger he's actually works on Madison Ave.

Lord_Tryzalot
Lord_Tryzalot

@cum2soon
vending machines
I will tell you up front most vending machines make a monthly income of $25 dollars.

First decide if you want to do bulk vending or full line.

Buy vending machines and vending supplies at:
Samsclub.com
aaglobal.com
cardinaldistribution.com

Now once you have your vending machines and suppiles now you want locations.

Get locations at
http://vendiscuss.net/index.php?/forum/17-locating-discussions/
www.kickstartlocations.com

Also you can learn from your fellow vendors at www.vendiscuss.com

Happy vending.

Evilember
Evilember

@Lord_Tryzalot
Thanks for the info, but why the monthly income is so low?

SniperGod
SniperGod

@VisualMaster
Except faggots drove down the loan rates to 0.015%.

Boy_vs_Girl
Boy_vs_Girl

@Evilember
@Evilember
my guess is no one buys from vending. Or if they do, they're owned by the mall they are located in. It's been done before, you're not providing anything new.

Garbage Can Lid
Garbage Can Lid

@Nude_Bikergirl
@Methshot
Hashocean is down and very much suspected to be a scam.

Deadlyinx
Deadlyinx

@Methnerd
They pump has in and light it, here in the UK it happens a lot. It just blows the whole atm apart and the money stay intact.

TechHater
TechHater

@Supergrass
What about buying atms or vending machines and then renting them to shops/events planners? You'll take a cut and transfer risk on them.

AwesomeTucker
AwesomeTucker

@CodeBuns
What, are you poor? :^)

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