Pawn Stars Honest Profit Or...........

So maybe you could tell us what kind of B&M you had, and let us know how you managed it by selling your wares at less than a 10% markup.

 

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Man, I feel sorry for you!

 

Not just him, there's a lot of them that just haven't a clue about specialty retail and the cost of doing business. I'm utterly amazed and disappointed at the same time.

In all honesty, these threads and all the "rip-offs" that are mentioned that are not really unethical or even out of the ordinary are offensive to me. Not just as a business person, but as a person that lives in a capitalistic society. (that and having an IQ above 80)

 

I like to watch the show, but I'd sure like to see those raw CC Morgans that Rick claims are worth $500, but are casually dumped in a pile of other Morgans on the table.

Chris

 

i know this sound silly why dont yall go there and buy something and tell me how cool they are...lol..

 

No ethics in business? That is a load of crap.
Many business have great ethics. If that was true, that would mean that everybody who sells anything is a cheat. Yes there are many people out there who are only interested in making money off of you, but isn't that is what a business is supposed to do? There are two ways of going about it, ethical, and non-ethical.

Rick could lie to the customer and say his item is fake, but then says he'll make him an offer, then sell the item as real. OR Rick can call in an expert just to be sure, and make a fair offer based on whatever value the expert gives him.

He does ethical business, this may be a reality TV Show, but with that being said it has given me no reason to believe that Rick, and the store practice unethical business.

 

I'd probably get thrown out if there happened to be another customer nearby trying to sell their coins.

Chris

 

I think this thread should be sponsored by:



cause it is giving me a headache!

 

I went to the History Channel's Pawn Stars page. There's an icon that says...

"Want to be on Pawn Stars?
Have an item for sale?"

Push this icon and you get...

"If you will be visiting Vegas soon, e-mail us a text description of the item. If selected, you could be on Pawn Stars!"

another icon--E-mail

under that, in italics...

"You are sending an e-mail to Leftfield Pictures, the producers of Pawn Stars. You will only be contacted if they are interested in your item."

It's all make believe, folks.

 

as id like to say scammers...lol..

 

Is this really about the show anymore, you brought up a point about ethical business.
The actual 'make believe' show has given you absolutely no reason to believe that they do unethical business.
Until they give us reason to believe that they aren't, they are ethical business people who do the right thing, whether their little show is fake or not.

 

So, don't you think Leftfield Pictures, not Rick, is controlling the price that is offered?

I bet you the whole deal, from beginning to end, is said and done before the show is ever filmed. Leftfield lets you know what THEY, not Rick, will pay for it. Leftfield decides if it is TV worthy. It's all scripted. Leftfield tells the seller to say no, then to come back later. But they don't come back later. They just turned the camera off and turned them back on, and the guy acts like he came back. Same with the experts. They don't call the expert up, then hang around waiting for the guy to show up. They're standing off camera, waiting for their cue. If a pawn store told me to come back later so he can get an expert, I'd tell them to get lost.

I think if there was no Pawn Stars, Rick would probably offer a lot less for a coin. I don't think any family owned business has the funds to pay the thousands of dollars that Rick and them shell out per episode.

 

There,s a difference between making a FAIR PROFIT 12-15% and making
75-100% or more!! People tend to get a little ticked-off and feel
There getting taking advantage of!! and that,s what happens here

 

mpc, are you perhaps mixing up revenue with profit? They're very different figures, of course.

...not that I agree with your socialist position anyway, but I'm just pointing out why there could be a dramatic difference in some of the numbers being tossed around.

Dave

 

I'm really trying to figure out if he really knows what he's talking about, or just trying to up his post count.

 

Looks like I might exceed the recommended dosage.

 

There is only one company in the world that has managed to survive on a profit (i.e. income less the item's costs) of less than 15%. Although Walmart has done rather well, they are it.

 

Everyone has an opinion, so here's my (2 cents). People do not go to a PAWN SHOP to sell anything unless they are desperate for fast cash. There's coin shops who sell on consignment, eBay, free or cheap listings in every classifieds section across the country, craigslist, in other words if you want to sell something a pawn shop is not the best place. However, if you go to Vegas and blow you life savings and have to get back home, that is why Rick and the boys are there. If Grandpa gave you his rare gold coin when he died and a bookie is about to have your legs broken, you go to Rick and fast. If you lose your job and need money to pay the bills then you go to a pawn shop to sell your unnecessary stuff. The pawn shops know that this is their function, so just like paying interest on a loan, you are going to have to accept a cut in value of the item you are selling as a fee for that service. Everyone is talking about profit and in my mind it is not about his profit margin. It is just like the $6.00 loaves of bread at 7-11, it is all about providing the service of instant cash and convenience. It is simply faster and easier to take your stuff to a pawnbroker than to list it in eBay, why then would you expect to NOT pay a fee for his services? Just my opinion.

 

I feel like taking 1000 of those aspirins that Paul keeps posting. The people that come there are looking to sell the item even if all that crap is made up, and they won't sell it unless they think the deal is made up. I can honestly believe that people off the street walk in with their items, not every single one is set up, sure them walking in with the item and Rick reading his cue card or teleprompter might be set up though.

It is very simple, if the person doesn't want to sell it, he won't. No matter if it is set up or not.

See exactly what I just typed!

"It is very simple, if the person doesn't want to sell it, he won't." They aren't getting taken advantage of at all, in anyway, if they accept the deal because guess what, they accepted the deal, no bullets in their heads, no knives on their throats, they knew what the offer was, what the value was, and they accepted the deal that Rick made them. It is that simple.

Edited to add: 12-15% might not support a business, bigger profits means they can pay their 30+ employees.

 

My guess is that it would take 20+% before they could even put food on their own table. You have rent, air conditioning, taxes etc. and so on. By the time you are done paying those, you might have something left out of that 25%