Pawn business sellers typically engage in one of two scenarios. In one scenario, the seller calls a potential buyer and asks the buyer to put a value on their business (usually as a result of receiving a buyer’s generic flyer in the mail). In the other scenario, the seller responds to a call from […]
To maintain accurate business management and compliance, it’s necessary to keep your pawn shop address up to date. As much as we’d all like to stay in the same location for convenience, it isn’t always possible.
Whether you’re in the market to start or buy a pawn shop, or have owned one for years, the demands of your business will always revolve around the customers walking into your doors. Long have we been in the digital age, but figuring out how to position your business through online channels to attract that […]
When I began my career as a young(er) broker, I quickly discovered how much I didn’t know.
Do you know the difference between a Refiner and a Smelter or Buyer? If you don’t, you’re not alone. Many companies sell their gold to smelters or other middleman companies that call themselves refiners but are not ACTUAL refiners. “So what’s the difference?” A smelter or buyer purchases your scrap gold in a variety of […]
According to my employees, I make crack dip. It’s really nothing crazy and I haven’t had a flavor that was ever considered disagreeable. My secret ingredient supplier is no longer around, so I have had to find alternate resources and blends, but without fail I’m still told that it’s crack dip. So, you’re wondering; how […]
BE THE BUYER (not the seller) – Put yourself in your customers’ shoes. Think about a time you bought something on eBay. What process did you go through? How did your experience make you feel?
Buying and selling online is becoming very popular and lucrative. In fact, Facebook recently launched its Buy/Sell feature to accommodate this development. It is a huge opportunity for retail operations to sell more product. But before you get into it, there is a whole new language you’ll need to understand so you don’t miss out […]