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Increasing Your Business Income
with RedBox:
We've all seen
DVD rental companies closing up shop in
recent years. Blockbuster and Movie
Galleries had popped up all over the US with
locations in most metropolitan areas, but
rent-by-mail companies, such as Netflix, has
captured nearly half of the market in recent
years. The closing of major DVD rental
locations, rent-by-mail popularity growth
and pay-per-view rentals of movies meant
that those who still desired to rent movies
in a traditional manner, which required they
pick up and take back any movies they wanted
to rent, no longer had anywhere to rent
from. Enter RedBox.
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RedBox has been
sweeping up market share for nearly two
years. They opened first in major cities and
have slowly spread to smaller suburban towns
with locations at gas stations, banks and
restaurants. Many business owners have
noticed that placing a RedBox vending kiosk
outside of their business increases foot
traffic and generates a nice supplemental
income.
If you are trying
to increase your bottom line at your
existing business or want to have a business
that will work for you, consider that RedBox
owners average nearly $37,000 per year in
income, with an average of 47 rentals per
day. If you are in a rural area where there
are no big-chain rental stores or where
Netflix hasn't caught on, these numbers
dramatically increase.
Even if a RedBox
makes half of the average income, a business
which requires just a few hours of work each
week is ideal for anyone who has an existing
business or is looking to supplement their
income. Many RedBox owners have found that
having more than one machine is like writing
a paycheck. They get four or five machines
and place them strategically around their
town or county and make all of the rounds to
install new DVDs once a week.
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