In the United States, owning a business is part of the American dream; more than 28 million people in America own a small business. From e-commerce stores to coffee shops, small businesses generate revenues of 8.5 trillion dollars; their contribution to the economy is exceptionally commendable.
However, the proliferation of new ventures has made it tough for small business owners to stand out in the corporate world. In this day and age, running a business effectively in the highly competitive US market is quite challenging.
In addition, their resources and audience reach is limited, which makes it quite tricky or tough for them to acquire customers. Conversely, owning a small business is one of the most rewarding experiences, once it is successful. Despite the constraints, your small business can stand out in the future, by applying the right tactics at the right time.
Whether you run a garden store, martini bar, or have a clothing boutique located at a street side, installing an ATM machine can be a creative approach to draw in a passerby’s attention. However, you might be wondering if a mobile ATM is worth the investment. Considering that, we are listing down some of the great benefits of ATM placement, which can help you with making the decision.
Why would you Need a Portable Cash Machine?
A recent report by Federal Reserve shows that American consumers made more than 5.6 billion cash withdrawals through ATM devices in 2015. This clearly indicates that a retail ATM can make a tremendous difference to your business by driving a stream of customers to your location.
More Foot Traffic
At times, driving more people to your store and making new customers becomes incredibly challenging, which leads your sales to stagnate. However, installing a dependable Mobile ATM, such as MOBILEMONEY, into your business can lure a significant number of people to your store.
It ensures that all the people passing by will be influenced by the ‘ATM available’ sign to come in and make a withdrawal. Precisely, when your business or the stores around accept cash transactions only, potential customers looking for instant cash withdrawals will step into your store, providing you with an opportunity to make a quick sale.
Since the beginning of the 1980s, extensive use of automated teller machines has significantly changed consumer behavior. Today, the facility has moved beyond banks; various businesses are installing ATM devices to provide their customers with a comfortable yet instant option to withdraw cash.