Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Bullion Branding
>
Reply to Thread
Message:
<p>[QUOTE="doug444, post: 1986397, member: 38849"]Oh, if you are serving the public bullion-wise, you need some of everything, I would think. In fact, you may not want to sell junk silver at all, due to its low markup, but certainly you <b><i>buy</i></b> it. The best business profits are in the fancy stuff, and in the many cases where it's a gift or a keepsake, the premium doesn't bother the buyer. Here's how to capitalize on that idea. Put up a display in your shop, invite every customer to "vote" for his or her favorite silver - no names or addresses, just a chance to rank the many types from #1 down.</p><p><br /></p><p>They will remember taking the poll, and you are likely to benefit when they want silver. You'd list junk dimes, junk quarters, junk half dollars, circulated silver dollars, eagles, foreign 1-ounce bullion coins (Britannias, Philharmonics, Maple Leafs, etc.), bars, rounds, ingots, lower-priced numismatic coins like from common Proof Sets -- I've probably left out some categories. And a space in front of each item on the list to rank them from #1 to whatever.</p><p><br /></p><p>Put the results on a wall chart, and return customers will invariably look at it, to see if they are doing the "right thing." Can't beat psychology.[/QUOTE]</p><p><br /></p>
[QUOTE="doug444, post: 1986397, member: 38849"]Oh, if you are serving the public bullion-wise, you need some of everything, I would think. In fact, you may not want to sell junk silver at all, due to its low markup, but certainly you [B][I]buy[/I][/B] it. The best business profits are in the fancy stuff, and in the many cases where it's a gift or a keepsake, the premium doesn't bother the buyer. Here's how to capitalize on that idea. Put up a display in your shop, invite every customer to "vote" for his or her favorite silver - no names or addresses, just a chance to rank the many types from #1 down. They will remember taking the poll, and you are likely to benefit when they want silver. You'd list junk dimes, junk quarters, junk half dollars, circulated silver dollars, eagles, foreign 1-ounce bullion coins (Britannias, Philharmonics, Maple Leafs, etc.), bars, rounds, ingots, lower-priced numismatic coins like from common Proof Sets -- I've probably left out some categories. And a space in front of each item on the list to rank them from #1 to whatever. Put the results on a wall chart, and return customers will invariably look at it, to see if they are doing the "right thing." Can't beat psychology.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Bullion Branding
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...