Increasing a business’s sales and revenue, are interrelated, but distinct goals. While the terms “sales” and “revenue” are sometimes used interchangeably, the words apply to different things. Sales is the number of units of product sold (or services rendered), and is typically the largest source of a business’s revenue. Revenue on the other hand, includes the total sales a business makes from selling its goods or services. In order to increase net revenue, a business can increase the number of products it sells, gain more customers, raise prices, or get customers to purchase items more frequently. Implementing such strategies requires time, effort, careful planning, creative thinking, and can be a risk for the business.
Another method of increasing revenue is to expand the products or services a business offers; installing an ATM is a cost-effective and creative way to broaden the services provided at your business. An ATM creates a new service and source of revenue for your business. The money generated from the ATM transaction fee (between $2.00 and $5.00), contributes to the business’s overall revenue. Furthermore, an ATM service encourages existing customers to spend more money at your business; customers who use an ATM spend between 20% to 25% more money than a customer not using a machine. One study also found that retail stores with an ATM increased the store’s sales by 8%. Installing an ATM can also boost sales by attracting new potential customers to the business.
Contact America’s ATM for more information on how an ATM can increase your business’s revenue. America’s ATM provides small and medium-sized businesses with financial service kiosks, marketing products, and cutting-edge ATMs. Founded in Plantation, FL, America’s ATM has quickly become a leader in providing ATMs to small businesses. The team at America’s ATM is made up of former retailers who understand the challenges businesses face in the current market and can help business owners make informed decisions about installing an ATM at their establishment. Business owners can choose from three different ATM programs: the Free ATM Placement Program, the Free ATM Partner Program, and the ATM Processing Program. Businesses can receive a free ATM through the Free ATM Placement Program and the Free ATM Partner Program. Call America’s ATM toll free at 877-475-1104, or visit the website, http://americanatm.com/.