PawnMaster Blog

Customer Service, Playing the Long Game

I owned a shop during one of the many “gun scares” and I had a rather large inventory at the time, mainly AR-15’s.

I had a choice. I could raise the prices of my firearms and get all that I could, or I could do what I felt was the “right thing” and sell them at the regular price.

Technology to the Rescue

I have been involved in technology most of my life.  I don’t mean binge watching Netflix or playing Call of Duty (although I do both), but actually making a career out of it. 

How the Product Protection Plan Benfits YOU

There are a few “no-brainer” programs in the pawn world, and I believe the Product Protection Plan to be one of them.

If You Don't Service Your Customers, Your Competition Will

In our 2019 blog “serving the under-served…the little things matter,” we talked about the reason behind the need for world-class customer service in any business. As we close out Q1of 2020, it has become painfully obvious to some why customer service is no longer an option…it is a necessity.

Getting New Customers Is EASY If You Do This ONE CRITICAL THING

"How do I get more customers?” This is the most common question asked to me by small business owners. And the available marketing solutions are plentiful: Radio, billboards, coupon books, social media ads, website ad banners, blah blah blah.

Attracting and Retaining Customers

I worked for a large retail drug chain early in my career, and we once had a training class on “embracing your inner 4-year-old”. I thought it humorous at the time, but as the training went on, I understood it and it became a cornerstone of my thought process.

Pawnbroker 20/20: Hiring and Keeping Talent

Hiring – what to look for and how to do it?

When the candidate shows up at your store, let them wait a few moments on the sales floor. Watch how they interact with employees and around customers.

Pawnbroker 20/20: Retail, It's a Mindset!

Retail……It’s a mindset!  It’s that simple.  It starts with the willingness to set goals, plan daily, and focus on the basics.

How Joey Leza Dramatically Increased his Profit Margins

Being in the pawn business, there are a few things that we tend to hear from our customers day in and day out, especially when it comes to items on the sales floor.

Pawnbroker 20/20: Loan To Live

Rob and I recently sat down to discuss loaning, and tips to ensure a strong loan balance that produces a strong yield.

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