The Future of Pawnshop Consulting is Here
At Devoted Pawn Consulting we are always working hard to provide the best value in the industry to our clients. We do this because we care more about your success than we do about the money that you pay us! Over the past 6 years we have been working to create the most affordable packages ever, and we are now ready to launch our offsite, remote pawnshop consulting! This is by far the most affordable consulting in the industry and the return on investment is still very high! In the past year our test our test and regular clients have seen increases in pawn balance of 20-30%, increases in service charges of nearly 20% and retail sales of around 25% in their businesses. As you can see, the return on investment is incredibly high.
Prep Work
You have the ability to choose any package that fits your needs or the choice to pick the introductory package and then upgrade from there. Either way, each and every package begins the same way and starts with us gathering some basic information to help us shape the initial meeting. Before we begin, we will give out an overview of exactly what we will do once we being the actual training. We will also give you, in advance, our key metric tracking forms for both the store level and the employee level (no financials need to ever be given to us). These forms will be used to give you two things. The first is a starting point pre-consulting (so you can see where you are and measure it versus your success after our visit and we train you), and two, a way to show you dollar for dollar how much your business is leaving on the table. Next, we will then send you a questionnaire that tells us the history of your business by location and what your team looks like and what their strengths and weaknesses are. We will also see where you think your room for improvement lies and compare that to what the numbers show us. Once again, you will never need to send us your financials unless you want us to review them (which is included for free). From there, we will have one last meeting to review the metric tracking forms and plan the rest of the consulting and setting the expectation .
Here is a list (not all inclusive) of what you will get if you go with this program!
1. Custom pawn counter training designed to grow pawn balance, Redemption ratio, interest collected, and how to train the team to actually get the staff to get our customers to bring in the items we actually want to loan on such as guns, jewelry, gold, high end electronics, etc.
2. Custom retail sales training focused on getting the staff to sell more and discount less, increase gross profits and increase cash flow dramatically. This includes training on jewelry and so much more.
3. Custom commission and bonus plan which is guaranteed to grow the business more than just about anything else. When the team know what they need to do to make money, you can rest assured that they will do it! no more paying commission on deals that don’t make you money!
4. Free review of your taxes and dollars spent on tax. If you overpaid they can file and get you the cash back within 90 days!
5. Custom key metric created tools for the store and the staff each. This will help you monitor your business from afar and know if the team is doing the changes and training that you paid for without even having to be in the store. These tools will be used for bonus and commission as well.
6. Full detailed 100% marketing and advertising plan sure to grow the biz including but not limited to social media, online, ecommerce, retail, pawn, and so much more
7. Cost savings review– we will give suggestions on where you can save money and also where it would be better spent.
8. Benefits review. We offer so many affordable employee benefits such as pensions that are certain to lower your turnover and they are crazy affordable.
9.
Access to every single virtual training and owner tools we have created over the last 20 years. You will have the ability to use them any time you want.
10. Work life balance training and support– this will help you work less as an owner and expect more from your team while not losing a step! No one ever became self employed to work their life away.
11. We will work and see if you qualify for any free grant money and credits both state and federal. Free money is always good!
12. We will help set in place a plan where your business will be worth more at the time when you do decide to sell AND we will even show you how to shelter most of the sale proceeds from capital gains taxes!
13. You will have a thorough detailed step by step action plan in all areas of growth and challenge that you will easily be able to follow on your own long after I am gone.
14. The process will take about 30 days and I offer an additional 30 days free support and help to implement all the training, tools and more.
Normally when a person hires us, they see their return on investment in the first 30 days or less because of the cost savings, the increase in revenue and profits and so much more. Contact me today at 651-470-7057 for more information.
