Do you want to get a lot of customers coming into your business? There are many factors that you should consider. First, you should note that it is the goal of most businessmen to get as many customers as possible. This can go a long way in enabling you to earn more profits. However, did you know that an ATM machine can help you leverage the sales in your business?
This is because most customers don’t carry much cash in their wallets. If a customer runs out of cash, he or she will still be able to shop in your business as long as he or she has an ATM card. The following are the benefits of having an ATM machine at your business:
1. To attract new customers to your business
We all need cash to go shopping, among other things. Therefore, having an ATM machine can bring more people to your business. Even if these people did not have the intention of buying anything, they would still visit your business premises to withdraw cash. The moment that your customers know that you have an ATM machine in your business premises, more people will be visiting your business daily. The chances are that these potential customers will buy items in your business and thereby enable you to make more profits in the long run. If you want to check out some new ATMs which you can bus, feel free to click here.
2. It helps to reduce your own processing fees
You will note that those businesses that have an ATM machine normally make more sales daily. Here, people will be able to pay with cash than with credit cards. This, in turn, helps to reduce processing fees in your business. This can be a good strategy for reducing operational costs in your business and thereby save more. Rob Campbell, a mortgage broker from Guelph, Canada thinks reducing fees is a great way to save money over time so you can afford bigger purchases in the future. Whether that’s for a new home or an upgrade to your business.
3. It can be a good source of revenue
For every transaction one does at the ATM machine, he or she is usually charged. This is usually known as a surcharge. If you allow another third party to own and manage the machine, you will only be able to receive a certain percentage of the surcharge. However, did you know that you can own 100 of the surcharge? All you need to do is to own an ATM machine. This can help you earn more revenues in your business.
4. Convenience for your customers
Have you ever gone to buy some commodities and then you discover that you forgot your money at home? This has ever occurred to many people in the past. Going back home to collect the money and pay for the commodities can be cumbersome for the customer. He or she might choose to leave the commodity and buy it later. If you want your customers to enjoy more convenience, you should have an ATM machine in your business. This way, they will keep on visiting your business even if they do not have ready cash in their wallets.
5. Good return on investment
Some people usually think that purchasing an ATM machine for their business will not yield any considerable profit. However, this is not always the case. Nowadays, most ATM machines are relatively cheaper compared to what they used to be. With as little as $2000, you can have an ATM machine for your business. The moment you purchase this machine, you will choose the amount of charge for your customers. This can, in turn, help you to offset the purchase. For instance, if your business is located in an area where there is a lot of traffic, you will be able to get a good return on investment. Chances are, you will be able to recover the amount of money you used to purchase the machine within a few months of operation. Just like most machinery, however, you may need to replace some parts over time, such as the dispenser. Depending on the brand of ATM that you purchased, you may need to purchase Nautilus Hyosung ATM dispenser parts for repairs.
6. Increased chances of making more sales
There are instances when a customer just needs cash to buy something out there. This can be foodstuffs or a piece of cloth. Once he visits your hops and finds an ATM, he will withdraw his money, and as he proceeds to leave your shop, he might notice something nice. These customers will buy the commodity as he leaves for his next destination. These still increase upsell opportunities in your business.
7. Improved customer satisfaction
If a customer finds an ATM in your business, he or she is likely to meet almost all his needs as he will be able to withdraw cash and buy some commodities in your business. These customers will not feel disadvantaged as a result of having little cash in their wallets. They will be able to make their purchases with little or no hiccups and go home happy. This leaves such customers satisfied and happy. They can even recommend other customers to your business so that they can enjoy a good experience.
8. Reduced credit card chargebacks
There are instances when a customer might want to get refunded if they bought a faulty product from your store. This process is not always as easy as it seems. There are moments when it might be difficult to get a refund. In this case, such customers are normally advised to contact their bank for a chargeback. The back might refund the customers, and this can make you incur huge losses as the customer is not obligated to return the item. To reduce such incidences, it is advisable to have an ATM machine where customers can readily withdraw their cash and make purchases.
9. There is no need for checks
Some businesses still accept checks. This might seem to be a good idea, but it can have some adverse effects. There are instances when a check might bounce due to insufficient funds. As a result, you might not be able to get the revenue that you hard targeted. Also, you stand high chances of check fraud, which can be detrimental to your small business. If you had just started your business, you might even close down due to the loss incurred. To mitigate this, consider buying an ATM machine in your business.
You might have to sacrifice a lot to buy an ATM machine for your business, but you will be able to enjoy these benefits. Buy one today, and you will have more customers in your business. Also, this makes you have a competitive advantage out there.