5 Tough Situations You’ll Eventually Face When Managing People

As a business owner, managing people is by far the toughest responsibility of all. Every person is...

Cracking the Code on Loyalty Programs: 5 Ways to Improve What You Offer Customers

How well is your retail store’s loyalty program working for you? What can you do to make your...

Beyond the Shop: The Manager’s Circle

If you’re an owner or even a manager of a pawn shop, the one thing I would advise you to do is get...

PRECIOUS-Gold steadies after worst fall since November 2016

The stronger dollar dampens demand for gold by making it costlier for buyers holding other...

Bad Boss Awards: 15 Signs You Might be the Winner and What You Can Do About It

You may not think there are that many bad bosses out there. But think again: Clearly, the idea of...

Powered By

Popular Jewelry Styles for 2018

Shopping for a birthday, anniversary or special occasion in 2018? GIA experts searched high and low for what’s trending and found these popular jewelry styles: big hoop earrings, big cuffs, quirky cameos and more. Take a look before you shop.

read more

Jewelry Display

What is typically the biggest asset in your store? Outside of your loans, it’s your jewelry inventory – yet very little money, time and effort is typically allocated for displaying your jewelry in the most effective manner. You’ve stocked your pawn shop with unique...

read more

A Little Help from the Coin Guy

Train your staff! A little help from the coin guy today. Sadly I do see some pawnbrokers who have paid decent money for this stuff which is usually not worth anything over it's face value.

read more

How to Make a Great First Impression in 30 Seconds or Less

If you think you have at least a couple of minutes to make a first impression, you are wrong! According to the On Stride Financial infographic below, you only have at most 100 milliseconds to form an initial impression. What this really means to small business owners...

read more

Get Started on Your Business Plan for 2018

1. E-Commerce. My kids have coined the phrase, “If you’re not online, you’ve flatlined.” to describe how their lives are so interwoven with the Internet and social media. This also describes any pawn shop not utilizing various sales platforms (eBay, Amazon,...

read more

Apply These 4 Secret Hacks to Increase Your Facebook Reach

Facebook plays a vital role in the success of most businesses. It serves as a way to connect with customers, share information about business activities and reach out to potential clients. But changes to Facebook’s algorithm have made organic reach harder, as Mark...

read more

6 Problems Bad Management Can Cause

Making Employees Fearful When staff fears management, it makes them unhappy about coming to work. Studies show that happy workers are more productive workers. It also makes them feel like they can't approach their managers about an issue. This can be dangerous for a...

read more

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.

read more

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...

read more

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...

read more

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...

read more

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...

read more

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...

read more
Page 5 of 111« First...34567...102030...Last »