How Do Pawn Shops Make Money?
Pawn shops are a lifeline for many people needing quick cash, whether through selling or pawning their items. But how do pawn shops themselves generate profit? Their business model is…
If Not an Eye for an Eye, How About One for 100 Bucks?
According to Tyrone Jackson, a long-time assistant at Chouteau Pawn in Kansas City, a customer walked in, popped out his glass eye, and asked to make a deal. Like so…
Increasing the Visibility of Your Pawn Business
National Pawn, a pawn business with nineteen stores throughout Triangle and Wilmington, NC, released a press release in June 2012 that announced that two Wake County high school students had…
Three Ways to Make Your Pawn Business More Profitable—and Sellable
Your pawn business may be doing well but doesn’t mean that you can’t make it even more profitable, or, if you’re planning on selling your pawn business, make it more…
How to Recruit and Hire the Right People for Your Pawn Shop
In the competitive world of pawnshops, the strength and quality of your team can make or break the business’s success. Attracting and retaining the right employees is not just about…
Attracting the Ideal Customer
In today’s competitive market, attracting the ideal customer for your pawn shop business is crucial to maximizing your profitability and enhancing customer loyalty. Instead of adopting a one-size-fits-all marketing approach,…
9 Merchandising Tips to Help Your Pawn Shop Look Like a Million Bucks…or more
In the unique and diverse world of pawn shop business operations, effective merchandising is not just about displaying products; it’s about creating an environment that enhances item value, improves customer…
How Social Media Can Boost Your Pawn Business
There are a lot of pawn shops out there, but very few are currently capitalizing on the benefits of social media marketing. Does this need to change? With more of…
Another Compelling Reason to Consider Selling Your Pawn Business
If you’re an independent pawn shop owner who deals in firearms, it may be more advantageous than ever for you to sell your business. Not all pawn shop owners have…