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Small Business Marketing: 15 Things You Should Avoid When Social Media Marketing
Social Media Marketing (SMM) gets a lot of attention from the press and many small businesses have seen a lot of success using it. If you are looking at this channel as a way to market your pawnshop be aware you can make some mistakes that will hurt your business more...
Florida Makes Obtaining a Concealed Weapons Permit Easier
Earlier this year the Florida legislator passed a new law allowing gun owners to apply for concealed weapons permits at some local tax collectors offices. The current process of obtaining a permit includes at least 3 stops and a six month wait. Allowing for...
The Cost of Fraud
Ever wonder what the cost of fraud might be? According to the survey conducted by LexisNexis Risk Solutions, the cost per $100.00 of a fraudulent transaction rose to $308.00 in 2014. Meaning if you had $1,000.00 in fraudulent transactions, the cost of resolving would...
Underbanked Households Embrace Mobile Banking
Many banks are finding that growing their market share is becoming more and more challenging. The the share of "bankable" seems to be saturated with services. Many of these banks are now looking at unbanked, meaning they have no bank account, and the underbanked, or...
Gold Futures Struggle After Fed Reveals Possible Interest Rate Increase
Gold prices have been at a three month low and continue a decline. The Fed last week didn't help when Janet Yellen indicated they could raise interest rates higher and faster than the current economic data suggests....
15% of US Households are Unbanked
The Corporation for Enterprise Development released data this week that shows 15% of US households (in US cities where the population is greater than 200,000) don't have a checking or savings account. It also shows that many households are under-banked meaning they...
Bargain Stores May See Below Average Holiday Sales
It looks like higher end stores will see an increase in their average holiday sales but not so much with the bargain stores. Worthington-based Prosper Insights & Analytics have been looking digging into their data and their main finding is this: above average...
First iPhone 6 Owner Drops His Phone
Too funny not to share. The first every person to own an iPhone 6, under full media coverage, drops his phone in the street. It looks like he may have even scratched it.
Davidson County Sheriff’s Office Want’s Second-Hand Stores to Report Like Pawn Shops
In Davidson County N.C. only pawn shops and precious metal dealers are required to track and report to the police who brings items in their shops. Police say roughly 90 percent of stolen items they recover are found through this reporting method. There is however, a...
30 Tips & Tricks for Selling on eBay
A lot of pawnshops will sell their excess inventory on eBay. Some shops have a lot of success doing so and others find the work involved and the fees associated with eBay can eat pretty heavily into their profits. Those that have success put a lot of effort into...
10 Things The Best Leaders Never Say
This Business Insider article lists commonly heard phrases that really good leaders won't use. Good leaders: Take responsibility Use their actions, not their position, to inspire people Deligate Think they know everything Embrace failure It's not very long and worth...
Two Steps Forward, One Step Back
I've made a few posts this week about the reputation of pawn shops and how it seems to be improving. Today I have a few articles for you about how no matter strictly a pawn shop follows the law, sometimes the public perception is that the pawn shop is part of the...
Electronic Police Reporting Helps Improve the Pawn Industrys Reputation
Pawn shops have been working with the police for decades to help find stolen items. With the advent of electronic reporting to police departments stolen items are able to be identified much faster and more accurately than in the past. Criminals and the public are...
Are Our Gun Laws Strong Enough for the Impending Zombie Outbreak?
Mike Rauser of the Dakota Student presents a compelling argument for the fact that when our forefathers wrote the 2nd amendment, they were fully aware of the potential for a full on zombie outbreak and crafted that amendment so that future citizens (us) would be...
Rapaport Reports Continued Price Declines in Popular Diamond Categories
The RapNet Diamond Index for 1-carat laboratory-graded diamonds fell 1.4% during August. This price decline comes on top of the 2.4% decline reported last month. Rapnet also reported a 1.5% decline in 0.30-carat diamonds for the August period. The price for this same...
6 SEO Tips for Businesses of All Sizes
Pawn shops have embraced the need for a strong online presence. But with everything else brokers have to do how can they make sure they are getting the most out of their online marketing? Business2community.com put together 6 tips every businesses should be doing to...
New Mexico Pawn Shop Gun Policy Backfires – Or Was It The Other Policy?
While on a ladder checking inventory, an Albuquerque pawnshop employee was shot in the butt by co-worker. Valley Pawn encouraged employees to openly carry guns in the shop to promote "gun culture". The woman and her co-worker were doing inventory when the co-worker...
EZCORP Names Eric Fosse to Lead Pawn Business
EZCORP, Inc. (NASDAQ: EZPW), a leading provider of instant cash solutions for consumers, today announced that Eric Fosse has rejoined the company as President, Pawn and Cash Converters America. In this role, Mr. Fosse will lead the company's pawn and buy/sell...