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creationlayer
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Making your Bitcoin ATM more Profitable

Sun Nov 15, 2015 1:03 am

Running a Bitcoin ATM or any direct Bitcion business can be hard. Here's one idea to maximize profit of an ATM.

1.
Pick up an ATM from one of the many manufacturers and try to locate it in or near a Starbucks location
2. Create a simple sign explaining how to use the ATM to buy Bitcoin at a 10% markup, but use https://coffee.foldapp.com/ to save 20% off of every purchase at Starbucks.
3. The net result is that the customer saves 10% and you earn 10% on every purchase.
4 You will need to pay some money to rent the space from the Starbucks, or nearby location but I think many customers who regular Starbucks would be interested in saving 10% on their purchase, so you could have a much higher conversion rate with your ATM. I suspect this way you could boost your number of customers and profit

If you haven’t already tried Fold: https://coffee.foldapp.com/, try it today. It is amazing!

Here are some videos of it in action:
https://www.youtube.com/watch?v=8zWoa_FCoSQ
https://www.youtube.com/watch?v=jUOYfLrjABk

There will likely be even more opportunities, like Purse.io for instance. Creating a clear explanation of Purse and it's benefits alongside your ATM can engage customers in the real cost benefits of Bitcoin for their purchase.

I look forward to other suggestions that you have, or any experiences ATM owners have had, positive or negative.
We can only see a short distance ahead, but we can see plenty there that needs to be done.
-Alan Turing

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