Free Shipping, Smooth Shopping Experience Led to Spikes in Spending Cyber Monday

The power of discounts was on display yet again this year during the holiday shopping weekend as...

Thanksgiving and Black Friday 2018 Spending Up 6% Over Last Year, 5% for Small Businesses

Early shopping results from First Data’s Holiday Insights Dashboard have revealed overall spending...

How to Focus on Quality over Quantity with Social Media

Google ‘small business social media’ and you’ll find hundreds of articles touting the need to be...

Text Messaging: Opt-In Best Practices

Text messaging is a great service that you can provide to your customers to help keep them up to...

Cracking the Code on Heating and Cooling Costs for Your Business

Small businesses across the United States spend a staggering $60 billion on energy every year,...

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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...

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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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