In this article, we’re going to do a breakdown of how we buy from pawnshops and some things that allows us to get good deals. First, we want to say that a lot of times–90% of the time–when we buy from a pawnshop, we’re looking to resell it on Amazon.com, specifically Amazon FBA. And that’s primarily because we usually go for video games, electronics, jewelry, watches, which is what most people are buying these days.
In our opinion, the best place to put this merchandise is on Amazon FBA. Moving forward, the tips that we want to give you on how to make money on pawnshops as a reseller are:
Tip #1: Bundle Items/Buy in Bulk – If you want to be able to get a tremendous discount and be able to get these items at prices what will allow you to make a profit on Amazon, or wherever you decide to sell them, the one thing you need to realize is you’re going to have to bundle items most of the time.
What we mean by that is, if you’re into video games, doesn’t just make an offer on one Super Mario game or one Donkey Kong game. Make an offer on multiple items together. As an example, let’s say you have a game that’s listed for twenty bucks each, if you buy five or ten games, maybe you’ll knock it down to eighteen or seventeen bucks a piece. If you buy twenty or thirty at one time, maybe they’ll knock it down to ten bucks–fifty percent off. We’ve had that happen multiple times.
So the one thing you have to realize is, you’re going to have to bundle items to be able to get a discount. That’s probably the best tip we can give you. Don’t just go into a pawnshop and make offers on a single thing. It can work. However, just as a rule of thumb, the more items you buy, the more money you’re willing to spend, the better chance you have of getting a good discount that will allow you to make a profit.
Tip #2: Bring Cash with you – You have to remember that cash talks. A lot of times these pawnbrokers would be rejecting a deal, but when you come out and say that you have cash or you’re willing to pay cash, they would immediately accept the deal. When you pay cash, it saves them on the credit card transactions fees. So make sure that you’re using cash because that could really help you a lot.
Tip #3: Build Rapport – Another thing that you have to remember is to build rapport with the people you’re interacting with–the pawnshop owner or the staff. Make sure you’re friendly with them. Don’t get upset if they reject your deal. They are just looking out for their own interest, just like you. Build a rapport, have a conversation with them, make them like you and actually listen to what they have to say.
A lot of these pawnshop owners are just used to dealing; they don’t even have a normal conversation with the customers most of the time. Some customers don’t even treat them like human beings because they think they’re all about the money. With that being said, make sure you take your time and build rapport with these people. It will surely help you out a lot.
So overall, the things that you really need to remember is bundle things up, bring a lot of cash, and make sure to build rapport. One of the best places that you can go to, especially if you’re looking to sell or make fast cash for an item, is cash4jewelrynow.com. As a reseller, it is important that you have access to pawnbrokers like cash4jewelrynow.com that offers great deals on all Gold, Diamond, Watches, and Silver.
Jewelry sales are big business these days considering that their value doesn’t depreciate. In fact, as time goes by, the price of Gold or Diamond goes up. If you are looking to resell jewelry the best place to sell them is cash4jewelrynow.com, also known as Metropolitan Pawnbrokers.
Their policy offers one of the highest amounts possible that is based on an items intrinsic value. So, the next time you want to resell watches, jewelries, gold, silver, etc. Go to cash4jewelrynow.com. You won’t be disappointed.
If you’d like to learn more about them, don’t hesitate to call or send an email. Aside from giving you a chance to make a quick buck, they’re also more than willing to answer questions.