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Pawnbrokers must follow strict regulations when it comes to buying and selling firearms. No matter your stance on firearms, it’s crucial that you follow all federal laws, such as holding an active Federal Firearms License from the ATF (Bureau of Alcohol, Tobacco,...
Although becoming a pawnbroker may be less challenging than many people would assume, there are certain obstacles you may encounter along the way. While you don’t need to complete a specific pawnbroking course, you do need to meet certain standards. For those with a...
In some ways, being a pawnbroker isn’t as complicated as you may expect. However, you might start to realize that there is a lot of knowledge about products that you need to know about. The primary skill a pawnbroker needs to possess is the ability to evaluate a wide...
If you’re thinking about starting a pawnshop and becoming a licensed pawnbroker, then you’re probably aware of the many laws and regulations you’ll have to comply with before you can even open your shop. One of the requirements for getting started as a pawnbroker,...
There are a few essential things to understand about the pawnbroker industry. Like every type of business, there are legal requirements and limits that you need to be aware of. In fact, the pawn business is a heavily regulated business model for most states, making...
When I began my career as a young(er) broker, I quickly discovered how much I didn’t know.
Simply put, text messaging is the easiest, least expensive, and most effective way to advertise in today’s society. There is no other form of advertising that can guarantee a 99% read rate, let alone have it happen within a matter of minutes.
Data Age Business Systems, developer of the industry’s leading pawn management software PawnMaster, is formally announcing that Len Summa is no longer CEO of Data Age Business Systems and is no longer affiliated with Data Age Business Systems/PawnMaster in any...
It’s getting cold out, families are gathering, and business is booming. Sounds like someone did a great job marketing their store during the summer. In order to win at the end of the year, business owners should start making moves during the dog days of summer. Here...
It’s the last two months of the year. You have prepared by building your inventory, advertising your store, and you are ready to make the lion’s share of this year's money. Is it time to sit back and relax? Certainly not, but it is also not the time to panic and let...
Every dog owner has been through the same struggle: you scrub and scrub only for an hour later to smell the stench of wet dog and every piece of furniture they touch. I know this struggle all too well. It all started as a 3rd-grade school science project where I had...
Time is money. I'm sure you have all heard that, and it remind me of a lesson that I learned early in my career.
For the past three weeks, I have been interning at Data Age and wanted to share what my experience has been like. My role has been quite unique in the office in that I have been shadowing different departments every week within Data Age during the morning, then having...
Success doesn't come easy for anyone, and especially not for a pawnbroker. There are several challenges pawnbrokers face on the road to success. The most valuable lesson to learn is building strong habits. Here are seven habits of highly successful pawnbrokers.
Revenue, revenue, revenue! Every business wants to drive revenue, and sometimes they miss the easiest aspect of driving revenue: Customer satisfaction and retention.
The world is getting back to normal, and we all know what that means...slow summer sales. If you sell firearms, you have more than likely seen a dramatic spike in your retail business over the last year.
As we head into the summer months and hopefully placing the COVID crisis behind us, we are still dealing with a wealth of adversity in our industry and in business in general.
It’s summertime, and you’re ready to have some fun and sell some stuff! Let’s take a look at how to make a summer event worthwhile for everyone.
Was helped by John today he’s amazing! Excellent customer service! I told him my issue he knew exactly how to fix it and he made sure that I didn’t have any other issues definitely knew what he was doing great work John thanks!
Robin Murray ALWAYS gives OUTSTANDING customer service!!! She greets me as if she has been my best friend forever and makes me feel so comfortable when I am not even sure what I’m trying to ask. =) Extremely pleasant!! Wish we could clone her and have several of her in my business as well!! I love doing business with Robin!
Looking for industry news, information, and events? Check out the links below for some of the most prominent resource providers in the Pawn world.
California Pawnbrokers Association
Dixie Educational Conference & Trade Show
Georgia Pawnbrokers Association
Are you interested in PawnMaster software for your shop?
PawnMaster Nation is open to all pawnbrokers, whether PawnMaster customers or not. If you’re curious about what makes PawnMaster the most trusted pawn shop software in the industry, we would be happy to show you! If you have some questions or just want to talk, please call us at 888.949.7296, but if you really want to see the software that more than 3,000 pawnbrokers like you use every day to optimize their revenue, click the link below and request a free demo.