Before you sell ...

Please, understand that pawn shops are quick money. If you're looking to get the most money out of your property, we suggest, and strongly encourage you to sell it on your own. Pawn shops are not the way to go, and here's why:

While it may seem easy, there are many factors in selling items, including, amongst others: Time, Research, Resources, and Fees. Some items more than others.

Here's a simple breakdown of each factor:

Time

Time put into selling would ideally be time invested, as opposed to wasted. This time is split in the next two steps:

Research

For a pawn shop to sell an item, Research is the first step. Propper market research means a fair offer for our customer (or would be customer), and a fair investment for the company.

This step plays a key role in a successful transaction, and it makes the difference between a great sale (tipically between 1 to 6 months), and a bad sale (6+ months). A great sale means the item was priced according to the current market needs, and the ROI (Return On Investment) is maximized. A bad sale can mean anything from a lower ROI to a complete loss due to bad research.

Resources

Some of the Resources needed to make a sale include: Testing devices, factory resetting goods, and phisically cleaning products.

Most sales happen on marketplaces, as brick and mortar locations specialize in loans and purchases. some of the resources put into this particular task include: Professional pictures, a comprehensive description listing all of the product's features and flaws, a good price range based on reasearch (firm price or best offers). These steps guarantee a low order / product return rate, which can be another drawback of selling items as a whole.

Fees

Obviously, fees don't factor in as Time in the selling process, but they do influence greatly. Local marketplaces don't charge a fee for selling, but are less reliable to make good on a sale. You could have thousands of interested buyers making promises to buy your items, but unless there is an exchange of funds for products, it does not constitute a sale.

Fees in marketplaces vary depending on the service and, sometimes, category, and can ranage from 10 to 20% of the amount of the sale, taking a bing chunk of the would-be profits, even if properly researched.

Conclusion

More often than not, the need to sell quickly arises due to unexpected circumstances. In such an scenario, time is of the essence.

The quickest options to sell are: Friends, famlily and co-workers. Next up, if time is not an issue, local marketplaces like Craigslist, OfferUp and Facebook Marketplace. Finally, eCommerce sites, such as eBay, Amazon, or Mercari.

This is why pawn shops are ideal if you want to make a quick sale, it's the cash-on-the-spot option.

We know selling on your own can be a complicated undertaking, however, in this day and age there is no shortage of outlets to accomplish this task.

Finally, if the prospect of parting with your property is not ideal, you always have the option of a Loan.