How To Start Your Own Pawnshop Business

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@eannsingh
You may also like this video, How to make money on YouTube without making videos - youtube/n7DsQNvIh5Q
Comment from : @eannsingh


@igames75ltd15
very good idea
Comment from : @igames75ltd15


@garrysanderson5793
I don't think this guy knows what he's talking about
Comment from : @garrysanderson5793


@awaredz007
Thanks for the video!! Maybe, I am a bit late for questioning But I was just wondering how, as I pawn shop wanna be owner, I can make sure to not be involved in or avoid resell of stolen items I know I am a bit late to the Q&A session, and thanks in advance for your answer!
Comment from : @awaredz007


@fireline6
I disagree in 2024 because everyone is broke now
Comment from : @fireline6


@g_togTuber
There are many more costs that you are not talking about Employees, Security, Insurance, Accounting, etc
Comment from : @g_togTuber


@danav3387
Isn't electrinics espscially phones and the like risky due to them being locked or being locked at later date for the customer not paying the bill? How do you check those?
Comment from : @danav3387


@3Dminiaturemarket
The base of a pawn shop is lending money
Comment from : @3Dminiaturemarket


@levex2714
Thank you for this advice, what type of software would you recommend for sales and revenue and keeping track of loans?
Comment from : @levex2714


@hermesotaku201
You can't flip stuff the same day It has to be held for a while so police can investigate if the items were stolen
Comment from : @hermesotaku201


@unclearvin3718
Sorry bro but I believe you need a friendly bank Handing out $3k/day 25 days a month puts you out $75k And you hope to make 25, $18k less your default rate You need a stack and ready supply of cash and credit to back that kind of cash flow And that is, if things go good Think about things going bad You've got stuff which is market dependent, with a shelf life, that you've got to flip to get your money back Think smaller scale Out of a garage, warehouse, cheap store buying tools at $01-9/$ resale value and maintaining a good relationship with the police to deal with receiving stolen goods Be wary
Comment from : @unclearvin3718


@aboriginalbrands1700
Very informative brother, much appreciated from South Africa
Comment from : @aboriginalbrands1700


@angelsassoon3835
I think this is a very good idea Everyone always needs 💸 brbrCan you recommend some good marketing channels?
Comment from : @angelsassoon3835


@nickpalazzola6849
60K a month sounds good with a 10k startup capital? You will fail miserably especially with no experience Don't forget all the state fees, rent, employees, advertisement and how about your competition Good luck!
Comment from : @nickpalazzola6849


@mainlinetruth
great idea! thank you
Comment from : @mainlinetruth


@eighty8reservations
I really wanna do this business this year but need to know more
Comment from : @eighty8reservations


@NoNo-ng9sl
I think the biggest hurdle would be have the inventory at start up
Comment from : @NoNo-ng9sl


@shucoreyshaw8698
Thank you help me
Comment from : @shucoreyshaw8698

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