Whether you have a convenience store, a clothing boutique or a small retail store, you can benefit from installing an ATM in your space. Rather than going to a bank, modern customers use ATM machines every day to get the necessary cash for business transactions and simply to have on hand. Having an ATM in your store is smart business. Here are four ways an ATM machine can bring success to your store.
Attract New Business
When you put a sign in your storefront announcing that you have an ATM machine inside, you attract customers who might otherwise ignore your store. When someone passing by needs cash, your store will be the perfect place to stop.
Make sure cash only businesses near your store are aware that you have an ATM machine, and they will send you business when their customers need cash.
Move More Products
When customers come into your store to use the ATM, they will often buy something while they are there. They may feel compelled to give you business because they have come into the store for cash, or a product may catch their attention. In this way, you will make more sales when you have an ATM that is attracting customers to your store.
Create Repeat Customers
Many people who take cash out of ATM machines, do so on a regular basis. They may stop every morning to get money for the day, or they may stop each week before paying someone like a babysitter or trash collector.
People often fall into routines and habits. If a visit to your store becomes part of a customer's regular routine, you will soon be selling other items to that customer as well. The customer will also begin to develop loyalty to your store instead of your competition.
Generate Revenue
Finally, an ATM provides a passive income. You will actually be generating more income without doing anything at all. You'll set up a convenience fee for using the ATM machine in your store, and that money will be automatically placed into an account for you at the end of each day. You literally just let the machine create revenue for you and your business.
Having an ATM in your business makes a lot of sense and can provide benefits that will increase your success. Consider these four ways an ATM can help your business make money to decide if installing an ATM machine is the right decision for you. For more information, contact companies like Maritech ATM Solutions.
Share4 April 2017
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