I Need to Think About that Rolex! “I need to think about where I can get the money to afford that loan amount for you sir”. No pawnbroker would every say that to a customer (we hope) and yet everyday they tell us “I need to think about it for a while” or “we are [...]
For the past three weeks, Devoted Pawn Consulting has been racking up the frequent traveler miles. In addition to what we think is the best pawnshop consulting in the world, our clients all shared one similar though process. they all made similar statements like "We wished we didn't wait so long to bring you in". [...]
All We Want For The Holiday Season is..... ......Is that our clients to see increases in retails sales upwards of 30%, increases of gross profit on those sales of around 10%, increases of service and interest charges of 20-30% and even your pawn balance can see growth of 20-30% in retail sales seasons. These are [...]
The best part about what we do is that we help people succeed. The worst part is getting that phone call that says, “I am done and need to close my shops”, or “I do not know how we are going to make payroll next week”. Sadly, we get calls like this every single month. [...]
This time of the year is insanely busy and can be the deciding factor on whether or not you make your yearly numbers. So how can you maximize this time of year and ensure that you capitalize on the most sales possible? Here are just a few tips that we use that are sure to [...]
“We strive to make life easier for pawn shops and their customers. Our technology makes the transaction process faster and it improves compliance. We are always looking to build new partnerships with both businesses and technology providers.” - Denis Petrov, CEO IDScan.net IDScan wants your pawnshop(s) to succeed and they are putting their money where [...]
While you are waiting for Covid-19 to end, your competition is re-inventing ways to take your pawn customers. You are fighting not only other pawnshop competitors, but online and second hand competitors and gold buying sharks. You can continue to wait, or you can take actions and find out what our clients know already and [...]
Gold is nearing or at an all-time high day to day and we cannot forget history. When this happened in the past, many pawnbrokers got lazy and just took what came in. But what ended up happening was that the vulchers moved in and it seemed that even the local barbershop was buying gold. If [...]
As a business owner have you missed family functions due to work? Your kids’ special occasions or milestones? What about anniversaries? If so you are not alone! According to a study done in mid-2016 of businesses owners in America we find that 81% of them didn’t take a vacation of more than 2 days off [...]
Pawnbrokers by nature are very hard working and very proud people. Given how hard they work, can you imagine how frustrating it must be to know that there are circumstances that are beyond their control lately that are dictating change in their life and their business? According to associations and large companies in this industry, [...]
