PawnMaster Blog

Get the Most Out of e-foro

These days almost everyone is shopping online, or at the very least doing online research before making a purchase. eCommerce is becoming a part of our national fabric, and retailers need to be ready to roll with the changes. Now you may say, "Wait, I'm not a retailer. I'm in the pawn business." But think about itI'm sure that you've noticed a shift in the amount of items you're selling in your shop.

According to IBISWorld Reports, 55% of all pawn shop revenue in 2017 was generated from merchandise sales. We've been following the eCommerce trend for years at PawnMaster/Data Age, so this statistic doesn't surprise us. We want our customers to be able to extend their reach as far as possible, and our e-foro integrated listing tool gives them this ability. e-foro is a powerful tool on its own, but you need to have an understanding on how to best prepare your listings for each marketplace in order to maximize your earning potential.

Simple Steps for Securing Your Systems

Picture thisit’s Monday morning and you show up at your shop, everything is looking great for the week. You have a monumental event planned and you cannot wait to see the amount of sales and loans the week coming up has in store. You get your shop set up and ready to go, you start to disburse the cash drawers to your employees... and your computer won't unlock. You try logging again and still nothing. You check another computer, it's not working either. This never happens! Nothing is working as it should, something's up. You quickly resort to taking cash payments and sales as everyone works to figure out what the issue is. Then it happensyou get an email on your phone from a strange address telling you that your computer files are locked, and to get them back you must pay $15,000 for the passcode. You have 72 hours to pay the fee or your files are gone.

Giving Back - A Pawn USA

We're big about giving back here at Data Age/PawnMaster; we hold charity drives on an almost monthly basis, and blood donations every eight weeks. It's important to us to be seen as part of our community, and we love being able to give back in any way we can. When we heard about how one of our customers reached out and gave back within their own community, we were blown away.

Workers Compensation: What You Need to Know

I've been in insurance for a long time, and have seen a good number of business owners and their employees sustain injuriesmany very minor, some permanently life-altering, and a few unfortunately resulting in death. Most of these injuries could have been prevented, but there are circumstances that are 100% out of the control of any business owner. No matter the end result, the bottom line is that someone has suffered a work-related injury. So as a business owner and the person responsible for coverage in your shop, what's the first step?

When Dealing with Insurance, Don't Come Up Short

The pawn industry is alive and well, full of bright and forward thinking professionals as well as seasoned veterans who have seen it all, or at least know someone who has. Even with that much collective experience, the unexpected can and does happen. For nearly three decades, UL&C (PawnInsurance.com) has been providing comprehensive insurance to pawnbrokers nationwide. Through the years, we have seen a trend of pawnbrokers and their agents attempting to reduce their cost of insurance by not securing enough coverage for their Business Personal Property (furniture, fixtures, and equipment) and Tenant Improvements and Betterments (covering alterations made to the the physical building).

What Happens to Your Scrap Jewelry After It Leaves Your Shop?

Most, if not all, pawn shop collect and bin their scrap jewelry and eventually send this collection off to a refiner. If you've dealt in scrap jewelry before, there are a couple of words that you've definitely heard when it's time to send your scrap off to your refiner; smelt and assay. Do you know the difference between these techniques and which each accomplishes? Jack Brown of Mid-State Recycling & Refining shared this video with PawnMaster that goes over the two most popular refinement techniques and how Mid-State helps their customers get the most out of their scrap jewelry and metals.

Feeling Trapped by Your Vendor?

Choosing the correct vendors for your shop can seem like a daunting task, but you shouldn't feel like you're trapped when making your decision. We know that it's a lot to take in, that's why we at PawnMaster put together resources for people in the market to make a switch. When you're entering into a SaaS agreement for the first time, you may have some questions or concerns. That's normal. According to CIO Review, "The best means of protecting yourself is to carefully read and understand the terms of the contracts with your data vendors. Often these provisions can be negotiated--for example, you can require that your data to be anonymized when it's used by the vendor."

How Important is Social Media Presence?

If I would have told you ten years ago that Facebook would become the third most visited site in the world and a major player in the world of marketing and eCommerce, you would have looked at me like I had three heads. But that's exactly where we're at in this ever-expanding digital age. More than 2 billion people use Facebook on a daily basis. That's a little more than one fourth of Earth's population. If you don't have a Facebook page for your business, I have to ask; What are you thinking?!

Data Age Business Systems Introduces PawnPortal Offering the Convenience of Payments, eCommerce and Loan Initiation from Anywhere

Data Age Business Systems introduces their newest product, PawnPortal, to enhance their cloud-based pawn shop management software, PawnMaster Ignite. PawnPortal is a mobile-friendly portal where pawn shop customers can log in to make secure payments for renewals, redemptions, or layaways. The new product will allow pawn shop owners to send out mobile payment reminders so customers can log in right from their cell phone to make payments. It was developed to help pawn shops have more touch-points with their customers and give them more opportunities to keep loan payments current.

Data Age Business Systems Introduces the Pawn Industry’s First Social eCommerce Posting Tool

Data Age Business Systems, the developers of PawnMaster pawn shop software, are excited to announce their new integrated Facebook posting tool. It’s no secret that social media has become a prominent part in the everyday lives of consumers. Data Age saw the opportunity to offer the ability for their client base to connect with their own customers on a more personal level.

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