When it comes to having a successful gas station or convenience store, a lot of factors affect its profitability. Whether it’s how shelves are organized, how clean the store is, or what services and products are offered, a lot of variables are taken into account daily when trying to boost a gas station’s success. Now, we won’t pretend to know everything about running a gas station. But we do know a thing or two about DCMs and how they affect the gas stations they’re in.
If you have no idea what we’re talking about and DCM is a foreign phrase to you, don’t worry, you’re not the only person. Luckily, we can explain it. “DCM” stands for “Digital Currency Machine,” which is a kiosk that looks similar to an ATM, but allows you to buy and sell digital currency for cash. Basically, you could put a fifty-dollar bill into a DCM and get a piece of Bitcoin in return. Alternatively, you could sell some Bitcoin to the machine and get a fifty-dollar bill out.
Okay, so why would a gas station need a Digital Currency Machine? What does digital currency have to do with gas stations at all?
Let’s look at some of the other seemingly “unrelated” things inside of gas stations. ATMs and gaming machines both prove to be vital aspects of a lot of gas stations and their success. They bring revenue streams to gas stations for a handful of reasons; they attract customers to the station, keep them inside the store, and encourage them to keep coming back. A DCM inside of your gas station will do all of these things and more.
One of the biggest perks of having a DCM in your store is that it brings people inside who might not have otherwise visited. The primary reason most people go to one gas station or convenience store over another is because one is physically closer to them.
By having a DCM in your store, you become a destination location with a service that people will seek out and prioritize over the distance issue. They will search on Google for “Bitcoin near me” or “where to purchase digital currency.” With a DCM you’re already ahead of your competitors by showing up in the search. New customers looking for that service will drive past several other options in favor of your location, even if it’s considerably farther.
And while they’re there, heck, might as well fill up the tank and grab a soda or a bag of chips at the same time.
Digital currency users are some of the best repeat customers you could ask for. Trading digital currency is almost never a one-and-done thing. It’s usually a part of someone’s life, whether as a hobby, an investment asset, or an aspect of the trader’s career.
When they decide to cash out — a nationwide function exclusive to Coin Cloud’s 100% two-way (buy and sell) network — they’ll have money in hand to spend in your store, too.
What all this means for you is that once a customer knows that there is a Digital Currency Machine in your gas station, they are extremely likely to return for the sole purpose of using that machine. Maybe they’ll even decide to make it their regular stop for getting gas in the future.
Coin Cloud machines are proven to increase foot traffic and revenue for gas station owners (and other consumer-focused businesses). You get marketing, maintenance, repair, regulation and 24/7 client support all built in for free. So it’s a set-it-and-forget-it venture.
Want to know the best part of all of this? With Coin Cloud DCMs you don’t have to pay a cent for all these benefits. Hosting a Coin Cloud DCM is a 100% turnkey opportunity with zero cost, and zero work. In fact, if you host a Coin Cloud DCM inside of one of your stores, we’ll pay YOU rent for the space it requires (which is a minimal 1.9 square feet).
You can get started by filling out the application today, or find out more about hosting a Coin Cloud DCM.
Disclaimer: The information and views supplied on the Coin Cloud blog are for educational and entertainment purposes only. We are not financial advisors, so please do your research and consult with a trusted financial specialist before investing your money.
Founded in 2014 in Las Vegas, Nevada, Coin Cloud is the leading digital currency machine (DCM) operator. With over 4,500 locations nationwide, in 48 states and Brazil, Coin Cloud operates the world’s largest and fastest-growing network of 100% two-way DCMs, a more advanced version of the Bitcoin ATM. Every Coin Cloud DCM empowers you to quickly and easily buy and sell over 40 cryptocurrency options with cash.
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Use promo code COINCLOUD at the machine
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