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Innehåll tillhandahållet av Neel Parekh. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Neel Parekh eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.
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148. Running a 1000 ATM Machine Empire, with ATM Guy Mitchell Sorkin

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Manage episode 419651986 series 3440552
Innehåll tillhandahållet av Neel Parekh. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Neel Parekh eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

Mitchell Sorkin, known as the ATM guy, shares his journey of building a portfolio of almost a thousand ATMs across the country. He explains how he got into the ATM business and the qualities he looked for in a business, such as low labor intensity. Mitchell discusses the business model of ATMs, including the risks and benefits. He also talks about the negotiation process with store owners and the potential income generated by ATMs. Mitchell emphasizes the importance of finding a business that suits your personality and interests.

Takeaways

  • The ATM business can be a profitable source of passive income, with low labor intensity and low overhead costs.
  • The cash in the ATM machine is not owned by the ATM operator, reducing the risk of robbery.
  • ATM fees can vary depending on the location and type of business, with some high-volume locations generating significant income.
  • Negotiating agreements with store owners is a key aspect of the ATM business, with fees and revenue sharing arrangements varying.
  • Finding a business that aligns with your personality and interests is important for long-term success.
  continue reading

156 episoder

Artwork
iconDela
 
Manage episode 419651986 series 3440552
Innehåll tillhandahållet av Neel Parekh. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av Neel Parekh eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

Mitchell Sorkin, known as the ATM guy, shares his journey of building a portfolio of almost a thousand ATMs across the country. He explains how he got into the ATM business and the qualities he looked for in a business, such as low labor intensity. Mitchell discusses the business model of ATMs, including the risks and benefits. He also talks about the negotiation process with store owners and the potential income generated by ATMs. Mitchell emphasizes the importance of finding a business that suits your personality and interests.

Takeaways

  • The ATM business can be a profitable source of passive income, with low labor intensity and low overhead costs.
  • The cash in the ATM machine is not owned by the ATM operator, reducing the risk of robbery.
  • ATM fees can vary depending on the location and type of business, with some high-volume locations generating significant income.
  • Negotiating agreements with store owners is a key aspect of the ATM business, with fees and revenue sharing arrangements varying.
  • Finding a business that aligns with your personality and interests is important for long-term success.
  continue reading

156 episoder

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