The Future of Pawn Shops

The National Pawnbrokers Association (NPA) has recently released their annual survey, which shows that pawn shops are displaying an increase in retail sales. On top of that, according to the survey, pawn shops are now trying to compete with large online markets such as Facebook, eBay, Amazon, and more.

 

In 2017, 84% of the surveyed pawnbrokers said that they used Facebook. However, more than 25% did not operate a website. According to Mr. Collier, in order to compete, the industry will have to keep extending its sales operations by welcoming social media, e-commerce, and online promotion.

 

Also, when it comes to retail sales, pawn shops showed growth, while pawn loans are on the decline.

 

 

The Gold ATM’s Position in This Trend

 

First of all, at The Gold ATM, we offer a wide variety of pre-owned jewelry on our website. Also, we’re happy to say that our inventory is continuously growing. On top of that, we sell the jewelry on our website at much cheaper prices than you would be able to find at your local retailer.

 

We are the most reputable and most trustworthy gold buyer, diamond buyer, and luxury watch broker in Atlanta. Therefore, our customers know that they’re getting authentic pieces of luxurious pre-owned jewelry whenever they are shopping at our store.

 

Secondly, we’d like to talk about our pawn loans. According to the survey, an average pawn shop is seeing a decrease in loan customers. However, that isn’t the case with us. As a matter of fact, we are seeing an increase in collateral loans. That is because we offer the best rates in the city; none of our competitors can give you a better offer.

 

In addition, we are 100% transparent and upfront about our loan policies and structure. We are proud to say that we’ve made the loan process as simple and relaxed as possible.

 

Finally, if you are looking to sell your jewelry, you should know that we are the best place for that. Why? Because we are willing to match ANY offer that you have received at another place.

 

But we remind you that, when it comes to selling your gold jewelry, diamond jewelry, and high-end luxury watches (Rolex, Breitling, Tiffany and Co., Tag Heuer, Patek Philippe, etc.), we offer the best rates. We want to make sure that each and every one of our customers is getting the highest possible amount for the piece they are looking to sell.

 

For more information, feel free to visit our website.