Gold scores its highest finish in a week

Gold futures notched their highest finish in a week on Wednesday but maintained the tight trading...

13-Year-Old Uncovers Silver Treasure of Viking King Bluetooth

Give a kid a metal detector and there’s no telling what he’ll find—or what unlikely connections he...

Beyond the Shop: Customer Loyalty Program

Customer loyalty programs are a great way to make customers feel valued and to get them to become...

Have FUN with your Advertising

Advertising is all about getting your message across and making it memorable. You’ve heard the...

4 Mistakes to Avoid which are Hurting your Small Business

Most individuals interested in starting a small business are not interested in putting in all the...

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Top 12 PawnMaster Blogs of 2017

We would like to extend an extra special thank you to our partners and customers who have contributed to our blog this year to help us put out valuable information.

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Why Pawnbrokers Should Use Social Media to Sell Inventory

Who can remember keeping the ads in the Sunday paper and using these to value items coming in the door, especially as a price guide for inventory coming out for sale? Ahh, talk about the good ol’ days! Customers would come in and see a TV that looked to be a good...

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When to go Mobile?

There is an app for this, there is an app for that, there is an app for just about anything you can think of. So what happens when the demand for something moves so quickly the supply can’t keep up? No matter what the product is, this will be a problem. In retail, it...

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Fluff or Substance; Which One Do You Want from Your Vendor?

When it comes down to your business, the answer to this question should be crystal clear. You rely on your vendor to help you operate your business on a day-to-day basis, during business hours and beyond. There should is no room for fluff when it comes to your...

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Pay ’em and Play ’em

As I travel across this country touring pawnshops from coast to coast, the most common challenge facing owners is rising inventory levels.  Their monthly sales are simply not keeping up with the amount of “pulls”, also known as inventory added through forfeited loans...

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The Secret Sauce to Beating Your Competition with Reviews

It’s been reported that for every star a business gets, it will see an increase of approximately 5-9% in business revenue. So if an increase like that sounds good to you, start paying attention to those reviews. What would be the benefit of a 5-9% increase in your...

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Why Pawn Shops Need Technology

The success of a pawnshop is reliant on many factors. In today’s world, countless technologies exist that help improve exposure and traffic, encourage professional education, utilize e-sales channels and, above all, empower pawnshop owners to achieve what they set out...

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Simple Holiday Ideas to Increase Foot Traffic

Sometimes the best way to draw shoppers in can be with the simplest events or decorations. Your holiday ideas don’t have to cost a lot of money to build store traffic. Here are a few ideas to gain a little extra foot traffic

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Fake Gold

To the right is a gold chain that GEIB received in with a melt lot. We noticed the chain, along with a few other pieces but something about this piece in particular just didn’t add up to being "RIGHT", so we went a little further on this rope chain. For the record, we...

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5 Tips for Planning Your Upcoming Year

As year-end approaches, business owners often get pulled in many directions. In the retail sector, this is when sales typically peak. This finds many business owners working more hours in their shops while spending the little free time remaining readying for the...

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The Importance of Cybersecurity in Your Small Business

Cybersecurity is a major concern for today’s small businesses. But that doesn’t mean that all small businesses have to approach cybersecurity in the same way. Small Business Trends caught up with Michael Kaisser of the National Cyber Security Alliance at Nasdaq...

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10 Myths About Moving Your Business to the Cloud

When you first propose moving your small business to the cloud, you’re likely to get some pushback. A small part of this resistance is the opposition change always brings. People like the status quo more often than not and do not want to shift their way of working....

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