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 [...]
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". [...]
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 [...]
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 [...]
Did you know that most of our pawnshop consulting services can also be purchased as individual or stand alone services and do not have to part of our world class pawnshop consulting packages? Check our services today and find out why our clients love what we do! Hands on Pawnbroker & Sales Training- This training [...]
Continuing in our weekly series on what services we include in every Pawnshop Consulting packages, this week we are going to cover why we also include a Cost Savings Review with all of our clients. We feel this is so important for several reasons. First, there are companies out there where this is there full-time [...]
