Hardcore PAWN
I watched a show today and FOUR people so far today figured that they would get a certain amount and INSISTED that they would be paid that! I mean it wasn't "take it or leave it". It was "TAKE IT!!!!!!"!
I once heard how at least one company does this. The idea is to estimate what it would likely sell for, and offer no more than 30% of that price. So one guy had a small computer, WITHOUT even a CHARGER, and INSISTED that it be bought for $70! SO, based on the formula I gave you.....
Assuming it was equivalent to an eee1000 netbook, and worked
NEW cost ~$250
W&T - ~ $50
@30%= ~$60
Charger ~ $20(needed to test and sell)
PAYMENT ~ $40
So the guy should have gotten MAYBE $40 for an eee computer. But they couldn't determine WHAT it was or if it worked without the charger and the guy INSISTED on $70!
UNREAL!
For those that don't know, a pawn shop basically does secured loans. If you come back in time, you can buy the item back at a set price. If you don't, they try to sell it.
steve
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