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 [...]
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So far Vernon Stading has created 56 blog entries.
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 [...]
In the pawn industry, there have been many key learnings that we have all had so far in the midst of the Covid-19 pandemic. Today we want to share what we think the biggest things that pawnshops must do to survive, thrive and be ready for the next major storm are. The first one seems [...]
We have been getting tons of calls and questions about what what the PPP needs to be spent on and how it can be used to help your business in this trying time. Our clients want to know if they can pay us with some of the funds, get the support that they need to [...]
As a vendor to the pawn industry, with all the cancellations and rescheduling of shows we have found out firsthand that we need more resources and opportunities to reach the pawnbrokers with our products and our services that make their businesses thrive. Even if there is never another interruption in services again like Covid-19, we [...]
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 [...]
In this new world we are living in, it is hard to know who or what to believe. One fact that remains consistent is that our customers need us. But how can you service those customers, get them the most money possible, pay your bills and take care of your staff without having to lay off? Whatever your [...]