Rolex watches and Pawnbrokers
Pawnbrokers deal in:
Pawnbroking is very different these days. Pawnshops are much more careful these days while accepting the inventory because either too little inventory or too much inventory both is bad for them. A pawnshop can have little inventory in case if they buy gold because it resells easily and quickly or maybe the scenario is that the pawnshop owner quickly sells inventory through specialty shops like musical instruments to music stores, stereos to used hi-fi audio stores and many more. In this case the pawn shop is less attractive to the clients because it has very less inventory.
On the other hand the pawnshop having too much inventory is not a good sign because if the store is full of used athletic gear, old stereos, and old tools, pawnbroker must spend time and money arranging and sorting items, displaying them in attractive manner, and also monitor people to avoid shoplifting. If there are too many cheap and low quality items for example: old toasters, scratched-up 20-year-old TVs, and old sports gear piled into cardboard boxes, the shop may appear as 2 nd hand items market. Small and expensive inventory like iPod players or cell phones must be in stored glass display cases, which means the owner may require extra staff to unlock the cabinets for items customers want to see. And if the store is full of inventory, the pawnbroker may have to install security cameras and hire guards to control the theft. Too much inventory not sold means that the broker failed to evaluate the items and their resale price.
The better solution is to go middle way: a pawnshop with a moderate quantity of good quality, brand-name inventory arranged decently in the display cases attracts the clients, who are fond of entering and shop. If the inventory is attractively displayed and shelved, the pawnshop looks more professional and attractive. Once a client enters a shop like this they may be attracted to sell their items or buy more. Some of the owners of Pawnshop avoid cluttered look by storing overstocked inventory, or less attractive products such as snow tires, in a back room or basement. Some pawnshop industries operate a group of stores in a city or province. By doing so, they can divide the inventory among the stores. For example, they can move some of a rural store’s surfeit of fishing gear to an urban store.
Why pawnbrokers desire Rolex:
Pawn brokers desire Rolex watches because:
● Rolex is a famous and trusted brand of luxury watch.
● Rolex luxury watches are very easy to value.
● Luxury watches are considered as jewellery for men and attract customers.
● Rolex watches are very easy and simple to store and display.
● People wear Rolex luxury watches to feel good about themselves and consider them as a status symbol.
● They do not generally depreciate.
● People like Rolex watches to show other people that they are successful.
● Rolex watches have an established second hand market.
● People find them aesthetically pleasing.
● They do not perish.