Thursday, March 29, 2012

New Girl in Town -- Bravo-Sweden

Bravo was designed and introduced to pawnbrokers for all 50 States at the NPA show in June 2011.  Since that short time Bravo’s clients have stretched its reach to Mexico and in the next few weeks in Sweden and through out Europe.

We have nearly signed up every Pawnbroker looking at systems from the Dixie Pawn Convention. 

Many businesses ask me,  “can you handle what is needed in Alabama, California, Florida, Texas and so on?”   The answer is yes and then some.  Our technology is based on Cloud Internet services.  The best technology in the industry partnered with IBM and Microsoft.   This robust, dependable, and flexible environment enables our team  to say yes to our customers needs for what they want.  Fast!   There is no better way to run your business today.

Are you still driving the same car you purchased 20 years ago, so why are your running your business with the same old system?  You didn’t wait for your car to break down.  There are better ways to get from point A to point B.  Find out why so many Pawnbrokers are switching to Bravo.  Find out why Fortune 1000 company, one of big 4 Pawn Brokering Public companies have intrusted Bravo for their business?

We may not have the biggest Sales force, but we do have the best product, and for many years to come.

Steve Mack

Call   888.407.6287  for a quick live demonstration and we want to listen to what you need.


Bravo – Sweden






























Bravo - America - Mexico - Sweden

Why is eCommerce important to Pawn ?

Why is eCommerce important to Pawn? 

I think there are many reasons, so I will only hit a few in the article.

1.       First answer is retail.  The more customers that you put in front of your merchandise the more you get$ and the faster you sell it.  Half of your effort in the pawn business is selling stuff and If you haven’t noticed every retailer in the world  is moving their entire inventory to the web.

2.       How do you sell on the web?  There are a lot of test scenarios.  The easiest test is to put stuff on EBay.  It’s not a slam dunk.  It’s a lot of work to figure out.  But when you see how fast and effective it can be, you will understand why it continues to grow every year.

3.       Second answer is your Loan Business.  If you can figure out a faster and more profitable method of selling, you are apt to start lending more.  It is our pawnbroker nature.   If you can figure out how to lend more with the same default rate, why not?  Here is your path to loan portfolio growth, without adding a single customer.   A 150k loan portfolio increase of 20% is 30k @ average APR of 120% = $36,000.00 per year more.  What is yours?

4.       Marketing and Brand building.  Nothing is more effective than customers seeing your name and the frequency on the web.   Bravo does all of this for you for free.

5.       How do I get started?  Start selling the small stuff and get your feet wet.  Build your customer base.  How often do your current walk-in customers come into your store to shop?  On Maxpawn.com 20% of our customers will visit your store every day to shop.  Web customers are loyal.  Average sale on Maxpawn.com currently is $105.00.

6.       They love pawnshops, they love to shop, they want to see every day what is in your shop.  From their home or office.

7.       A big surprise selling on the web is – FUNJ.  Yes it’s fun when you get an offer online and the eventual deal when the funds hit your account. J

Below is an example of an item reaching relevance and position on Google.  Bravo submits thousands of items from your store each day.







Tuesday, March 20, 2012

Back from Dixie Pawn Convention.

Sons Grow Up!
Oh what fun it is to see a son with his father at a pawn convention.  Proud father and his bug eyed kid.  It brought back so many memories.  My mom and dad took me to the JCK jewelry show in New York.  There was no NPA or any convention for pawn back then, but seeing the trade is fascinating and anyone that has not been has to give it a whirl.  There is a new generation of pawnbrokers beginning.

Kathy and her team from the Dixie Pawnbrokers Association did an amazing job.  Congratulations.  The Southern Pawnbrokers are a real tight group.  Everyone knows each other and there is a real sense of camaraderie in the air.

Our take away of the last 2 days is there is change in the air.  New stores are opening and competition from the big 3 public's are shaving market share from the independents.  Business the last year was good.  Diamonds were being bid bought and sold.  Pawn is good!

What is fun for me after growing and running Superpawn’s 50 stores (sold to Cash America – 2004) was learning from the Industry leaders that sell services and goods to the Pawn Industry.   Thanks to Steve Wexler, Michael, and Tony for your advice and help to Cynthia, Michele and myself.

We were saved by AT&T – wireless hotspot device. 

We got to the show to find out the Internet connectivity was going to be upgraded next month.  It was so bad that we were ready to pack up.  I had seen this device at Costco when shopping with my wife and thought maybe there is a store nearby.  There was a store closing in ½ hour and off went Cynthia and Michele.  They came back with a black device half the size of an Apple phone.  We logged in boom done.  A great deal for $120.00 and $50 a month and can be used anywhere a cell phone works.

We set up Bravo from scratch in 15 minutes.  Ticket, label, and receipt printers, along with scanners tested beeping and printing.  The web application is so easy compared to servers, connections, and old setup. 

We validated our technologies ease of installation at this show.  Going to a trade show and seeing your product work, and the way Bravo requires, the simplicity and the minimal effort is what you would have expected.  I was so proud that we have the technology that works like everyone would expect.

What happens when the Internet goes down?  Our competitors common fear tactic.  What happens when your server goes down? This has been a 20-year problem with servers that has never gone away.  The answer to both questions is you can’t conduct business.  The next question is, how often?   The server goes down more frequently than the Internet.  And if you plug in an extra Internet service provider for your store, like the AT@T hotspot you nearly guarantee yourself uninterrupted service.  Bravo services have never been interrupted.

Our competitors didn’t even set up a store demo because of the expense, time and technical support required to setup their systems.   Setting up Bravo is as easy an Apple App on your phone.  You get the benefit of a Million dollar data center for each of your stores and powerful software that gets your store operating the way you want.  This is the beauty of Cloud Computing.  Its already 5 years since Cloud computing has been introduced and where most of services are being delivered today.  Bravo is 100% Cloud.

Freedom

I asked a pawnbroker that has been looking for a software solution for the last 10 years why he decided on switching to Bravo.  “Freedom”  “I don’t want a system that limits me in how I want to operate my store”.  “Bravo is Freedom”  “Thanks for finally bringing a new and complete product to our Industry”.

That made the convention for me.


Steve Mack