{"id":7400,"date":"2020-09-17T01:01:35","date_gmt":"2020-09-17T06:01:35","guid":{"rendered":"https:\/\/flevy.com\/blog\/?p=7400"},"modified":"2020-09-16T13:08:02","modified_gmt":"2020-09-16T18:08:02","slug":"industries-that-may-always-use-cash-instead-of-credit-card-operations","status":"publish","type":"post","link":"https:\/\/flevy.com\/blog\/industries-that-may-always-use-cash-instead-of-credit-card-operations\/","title":{"rendered":"Industries That May Always Use Cash Instead of Credit Card Operations"},"content":{"rendered":"

\"\"Technological advances have led to an almost cashless society.<\/p>\n

However, some cash-only businesses are still thriving amidst the use of credit cards and other digital payment methods.<\/p>\n

A cash-only business is one that accepts bills and coins only. This means no debit or credit cards, cash transfers, gift cards, or personal checks.<\/p>\n

Cash-only businesses are often small startups that sell affordable items. For instance, you will most probably prefer to pay cash for a street painting or a babysitting service.<\/p>\n

Similarly, businesses with low-profit margins prefer cash payments as they want to keep their costs low. Most of these businesses only require a phone, a few cash registers, and maybe one or two Carnation money counting machines<\/a> to start-up.\u00a0 Adding a card reader to this equation may mean more startup capital and higher monthly expenses.<\/p>\n

If you want to start a cash-only business, here are some ideas you can use.<\/p>\n

<\/b> 1.<\/strong>\u00a0Delivery Services<\/b><\/p>\n

A delivery business doesn\u2019t require a lot of capital. You can also combine it with running errands to get more customers.<\/p>\n

Most people are busy and won\u2019t mind a person who can deliver their mail, buy them groceries, or make payments at the bank for them at a small fee. Such services are often paid per hour, and most customers won\u2019t have a problem paying you cash.<\/p>\n

<\/b>2.<\/strong>\u00a0Babysitting Services<\/b><\/p>\n

Babysitting is a small business that can pay off in the long-term. It\u2019s inexpensive to start and also flexible, such that you can do it as a side hustle.<\/p>\n

In addition to offering babysitting services, you can also offer to pet-sit or walk dogs if you love pets. Since payment for such services is hourly, most customers will prefer to pay you in cash, which is very convenient.<\/p>\n

<\/b>3.<\/strong>\u00a0Farmer\u2019s Market Vendor<\/b><\/p>\n

You don\u2019t need to be a farmer to become a local farmers\u2019 market vendor. If you have a reliable supplier of fresh produce or you make delicious homemade products such as bread and brownies, you\u2019ll get customers at your local farmers\u2019 market.<\/p>\n

Most buyers who visit such markets have cash in hand, which makes it easier for you to demand cash payments.<\/p>\n

You may not need a cash register for this business, but be sure to get a lockable cash box and a lot of small bills and coins to give out as change.<\/p>\n

<\/b> 4.<\/strong>\u00a0Convenience Store<\/b><\/p>\n

Convenience stores sell items that customers can buy with little cash such as milk, soft drinks, bread, and gum, among others. Most of these stores are located in gas stations and along busy streets.<\/p>\n

These stores have small profit margins, which is why they prefer cash payments. Most of the customers who visit them also like to pay in cash. This is evidenced by the bans against cashless stores in cities and states such as New York, Washington D.C., New Jersey, San Francisco, and Philadelphia.<\/p>\n

A convenience store may also have a coffee shop or a small restaurant as part of its business. Convenience store owners often need to have a cash register and Carnation money counting machines to help them detect fake bills.<\/p>\n

5.\u00a0<\/strong>Street Artist<\/b><\/p>\n

If you\u2019re a creative person, you can earn money by being a street artist. Street artists such as painters, magicians, musicians, and caricature artists depend on loose change and cash tips from their audience.<\/p>\n

In addition to the above businesses, other examples of cash-only enterprises that can do well include:<\/p>\n