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<p>[QUOTE="Cloudsweeper99, post: 312266, member: 3011"]First of all I'm not and never have been a coin dealer, but I did a little retail a long time ago. I've been very unimpressed by most of the coin dealers I've met, so my advice would be to look elsewhere for a business model. Focus on quality, honesty, customer service, and giving people the sense that they are important. An expensive fine jewelry store would be a better business model. It probably isn't important to know the cost of each individual coin if you bought them as a group, but it is important to know your costs and to know the profit margin in total. If you sell on Ebay, fill orders fast, pack the coin carefully, don't cheat on postage, and include some sort of professional looking invoice and correspondence. Remember to say thank you a lot. Never make fun of a customer's questions or lack of knowledge. Be interested in what they say, ask, or show you. Never ignore anyone. Tell the truth. Don't be afraid to admit you don't know something. Make it a good experience for the customer. This stuff isn't rocket science, but somehow it's often overlooked.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 312266, member: 3011"]First of all I'm not and never have been a coin dealer, but I did a little retail a long time ago. I've been very unimpressed by most of the coin dealers I've met, so my advice would be to look elsewhere for a business model. Focus on quality, honesty, customer service, and giving people the sense that they are important. An expensive fine jewelry store would be a better business model. It probably isn't important to know the cost of each individual coin if you bought them as a group, but it is important to know your costs and to know the profit margin in total. If you sell on Ebay, fill orders fast, pack the coin carefully, don't cheat on postage, and include some sort of professional looking invoice and correspondence. Remember to say thank you a lot. Never make fun of a customer's questions or lack of knowledge. Be interested in what they say, ask, or show you. Never ignore anyone. Tell the truth. Don't be afraid to admit you don't know something. Make it a good experience for the customer. This stuff isn't rocket science, but somehow it's often overlooked.[/QUOTE]
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