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A business plan for a service business is different than a plan for other types of businesses.That's why a sample business plan for an accountant, insurance agent, self storage business, cleaning service, dry cleaning, travel agent or other service business will be so helpful.As an example, the bitcoin ATM operator in New Zealand had to close his business due to lack support from bank sector, although the company was compliant with all legal requirements.
Placing a bitcoin ATM might increase foot-traffic to your store and this is additional revenue stream for the shop.
According to information from other owners who installed a bitcoin ATM, it can increase sales up to 10-30% because of new customers, who come to use a bitcoin ATM.
While running a bitcoin ATM on your own might require a lot of investment in legal field, e.g.
creating your KYC/AML compliance policy, obtaining proper legal licenses, there is still a cheaper way — find existing bitcoin ATM operator in your area, approach and suggest a collaboration, so that you work under their legal licenses umbrella.
Here is a list of top bitcoin ATM providers on the market at the moment, which can be recommend.
All of the providers have a long tracked positive history on the market: Price-wise the cheapest are General Bytes for one-way solution and Bit Access for two-way machine.Here is the list of top 5 bitcoin ATM location types according to the stats we collect on the site: So all are mostly high-traffic businesses, where people go daily.The next question is which bitcoin ATM type to chose.However, if you plan to run a bitcoin ATM yourself, you need to find a good location for it.Important factors to consider are: traffic volume, availability/accessibility (easy way to find, public location), proximity to transport connection, good parking facility, open hours (the longer the better), business type.So not to lose opportunities on the volatile market it is better to provide both options, however, in “normal” times just a one-way bitcoin ATM can provide a steady income as well.We are still in the “enter bitcoin” phase for average customer.If you are a local business owner who wants to have a bitcoin ATM, but don’t want to have all the hassle with running a machine — you can also approach operators close to you and suggest your location.From private discussions with operators — it is always hard to find a good bitcoin-friendly location, so highly probable you can find someone who will put a bitcoin ATM in your store.According to the number of installations worldwide — 42% of all bitcoin machines are two-way, and 58% are one-way only. recent one in October 2015, the user behavior might change a lot.According to information from operators, there is not an even split between buy and sell operations at the moment with pure dominance of buy operations (90% buy vs. Many operators reported fall in volume of buy bitcoin operations, and sell operations increased drastically (making volume ratio of about 50/50).