How to Avoid ATM Distributorship Fraud
ATM Scrip machines are similar to ordinary ATM's, but instead of dispensing cash they dispense scrip or dollars that can only be used in the merchant's particular location. For Canadians, this would be like an ATM machine which only dispensed Canadian Tire dollars. I can imagine that one use for such machines for a large retail environment which wished to sell its own coupons at a discounted rate, for example.
But what is terrific about their website is this copyscaped page on why most business opportunities fail. It is great, not just because ATM Scrip is agrees with what I have written about due diligence and location services, but the article puts the correct emphasis on selling. If you cannot sell a merchant on locating one of these machines, you should not be in the business. There is, outside of investing a public company, no such thing as passive investment in the ATM distributorship business. Nobody who can sell, needs to borrow money from you at 20 or 25%. This is hard for most people to understand, as they only focus on their supposed return from investing in a ATM distributorship. But think about it from the sellers point of view: he claims to have locations, but needs money to purchase the ATM's. He will pay you 20 to 25% on your investment, or loan to him. The obvious flaw here is that he should be able to obtain credit from a bank at significantly lower than 20 or 25 points, if there is a real business. But he cannot because there is no real business.
Read More From BizOp News
June 21, 2006
One Source ATM News
Here is a quick look at the news stories involving OneSource ATM, as of June 21, 2006.
Technorati Tags: news stories, onesource atm
