148. Running a 1000 ATM Machine Empire, with ATM Guy Mitchell Sorkin

The Freedom Formula Podcast: Achieving Financial, Location and Time Freedom

Neel Parekh에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 Neel Parekh 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

1M ago 23:30

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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.

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#Entrepreneur #Business #Neel Parekh