The changes you make or don’t make along with your execution and productivity of your team will dictate your success in the future of this industry. The reality is that the average pawnshop today is leaving tens of thousands of dollars on the table per location and we can prove it. At Devoted Pawn Consulting, we believe that this does [...]
As the year draws to a close and we continue to fight for the pawnbrokers and what they need to thrive, we have created a program that is perfect for those who need to gain an edge, those who have lost ground, and those who want to excel to the next level. You will love [...]
In the pawn business today, we hear lots of discussion about cash flow instead of profitability and if you are not careful, you can cash flow yourself right out of business. The reason we can make this bold statement is that we have seen it happens hundreds of times over the years. So, what is [...]
To say that 2020, 2021, and even 2022 have been different for pawnshops would be an understatement! As pawnbrokers you had to change and adapt to survive and we made those changes with you. We will always continue to support pawnbrokers and meet them where they are at with their needs to improve and [...]
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 [...]
The reality of today is that thousands of pawnshops wish they could have a do over from 2020 and how they approached the year, the loan balance loss and more. In addition, many of you are still wishing you had done things differently in other years past. The good news is that it is never [...]
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 [...]
