Choosing The Right Pawn Shop Software with Louie Lodes

Louie Lodes owner of Liberty Pawn in Fairview Heights, IL, talks with us on the importance of selecting the right pawn shop software from the get go. He tried a competitor’s pawn software and within 2 months made the switch to PawnMaster. In his interview you will hear all the things to consider when basing your decision on the software that will manage your business short term vs. long term. You can visit them at www.libertypawnshop.com.
Visit us online at www.pawnmaster.com for more helpful interviews like this one.Click to Play Interview

***New Hardware Overview Video for PawnMaster

This video will help you understand the importance of purchasing hardware through Data Age instead of with a 3rd party vendor. Visit us online at http://www.pawnmaster.com for more information or to request a demo of our pawn management software. Don’t forget to subscribe to our Youtube channel so you can stay up to date as we roll out new videos.


 

Tax Relief with PawnMaster Software & Hardware!!!

We know every dollar saved when running a business is critical in any economy. Below is Every Dollar Helps!information on how your PawnMaster pawn management software and hardware purchases from PawnMaster can be used as tax credit for 2012. Please be sure to share this information with your Accountant.

Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy or lease a piece of qualifying equipment, you can deduct the full purchase price from your gross income. It’s an incentive created by the U.S. government to encourage small businesses to buy equipment and invest in themselves.

Who Qualifies?

All businesses that purchase, finance, and/or lease less than $560,000 in new or used business equipment during tax year 2012 should qualify for the Section 179 Deduction. If a business is unprofitable in 2012, and has no taxable income to use the deduction, that business can elect to use 50% Bonus Depreciation and carry-forward to a year when the business is profitable.

You can learn more by visiting the http://www.section179.org/.

We hope this information helps! If you need items to purchase so you can utilize this tax relief please give one of our qualified industry specialists a call today 888-949-7296.

6 Things Everyone Should Know Before Going To A Pawn Shop

Have you ever wondered what to expect when going to visit a pawn shop? We do our best to not only educate our Pawnbrokers but we aim to inform the consumers as well. The National Pawnbrokers Association put out a great article below on the 6 Things Everyone Should Know Before Going To A Pawn Shop. Continue reading

Police ask, PawnMaster delivers!

When the Police say they want help collecting more information most Pawnbrokers feel this is going to be more of a chore and take more time. Some would agree, but those elite Pawnbrokers who use PawnMaster pawn shop software would likely disagree. PawnMaster collects all of the data required for law enforcement agencies and then some. PawnMaster integrates with biometric fingerprint scanners that help clerks practically automate the process for them. With a few clicks of the button they can record fingerprints and update customers profile pictures in seconds. Those police files are then sent over in the format of preference to law enforcement including item description, pictures, etc. PawnMaster helps protect shop owners every way possible.

Below is an article about how a Texas county police chief wants pawn shop owners to collect more data. If you are concerned that your current software and/or process isn’t cutting the Mustard, then it could be time to inquire about our Vendor Selection/Replacement Program.

By Jennifer Griffies

Cobb County Police want to reduce property thefts and they’re asking for help from area pawn shops. Chief John Houser is asking county commissioners to force pawn shops and precious metal buyers to collect more information from sellers. Houser’s plan is to have the buyer take pictures of the seller and their items, plus collect the seller’s fingerprint digitally.

Houser tells Channel 2 Action News, all of that information could then be searched in a private database. “Those individuals who are pawning stolen items, we feel like that’ll cause them to do other things than commit property crimes in Cobb County,” Houser says. Some pawn shop owners say the amount of stolen merchandise makes up only a fraction of their inventory. Robert Oberth of Gold and Coin Exchange says owners can’t afford to pay the equipment fees. “We’re gonna have costs increase: data entry and processing fees. The 15 cents is a little bit of an overkill,” said Oberth.

15 cents per transaction would likely be the charge to use the equipment. Other metro Atlanta jurisdictions that use the equipment have been able to recover stolen merchandise. The Cobb County Commission says before they can vote on the matter, the chief must come up with a specific proposal.

PawnMaster improves the way it educates its Pawnbrokers.

Data Age’s PawnMaster continues to improve the way it educates the Pawnbrokers that utilize their software. PawnMaster is truly one of the few pawn shop software companies that updates and educates its custo-Click on this picture for videosmer base on a regular basis. The “Did You Know” series of informational videos shows our Pawnbrokers how to get maximum usage out of the PawnMaster software. These videos are designed to be quick and helpful ways to use under utilized and lesser known features within the program. It is our goal as a company, to increase your awareness of helpful features and services that we offer inside our PawnMaster software. We want you to know about it so that your day will continue to be profitable. Have you been to our Youtube channel yet and discovered the handful of videos that we recently added? Click Here

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PawnMaster pawn shop software is launching “Did You Know?” series…

During the recent NPA Pawn Expo in Las Vegas, our customers told us throughout the show, that they absolutely love the PawnMaster “Did You Know?” videos that we have produced so far. PawnMaster pawn shop software is launching “Did You Know?” series based on your positive feedback. We strongly feel, that things like this really help separate us from our competitors. We strive to educate our customers on how they can maximize their return on investment by offering helpful tips and suggestions that can ensure you are getting the most out of this powerful pawn shop software. The “Did You Know?” series will be a combination of technical support tips and other ways that will minimize frustration and maximize revenue generated. Our goal is to provide at least one or more of these videos monthly. If you have not seen any of the current videos that have been published, head over to our Youtube.com/dataagesoftware channel and subscribe. This way you won’t miss any of the new ones as they get posted. We will do our best to notify everyone as they are published.

If you have discovered any helpful tips that you would like us to share with others, we would love to feature your company along with the tip you have discovered or are doing differently than the other pawn shops out there. Leave us a comment below if you have found the “Did You Know?” videos helpful so far. Also if you would like us to contact you about featuring your company with tips you have found.

Did You Know?

Pawnbrokers are loving the new Janam scan gun for inventory management.

The new Janam Scan GunPawnbrokers are loving the new Janam scan gun for inventory management at their stores. Some of you may have discovered at the NPA Pawn Expo that we are using the new Janam scan gun. The Janam scan gun has a light, sleek, highly-functional form factor for intensive barcode scanning. Its unique, center-weighted ergonomics, with battery positioned in handle, make it feel remarkably light and balanced in the hand. The Janam will help make inventory management a breeze. Would you like to update your inventory to PawnMaster in real-time? The Janam scanner will cut down that tedious task and make it fun, while also allowing you to correct mis-binned items on the fly.

This is the tool that will cut down hours of frustration for you and your staff from manually updating items. Call one of our qualified industry specialists today for additional information 888-949-7296.

 

28% of Americans have no emergency savings …

The article below is a great example of the importance a Pawn shop has in the community. They don’t specifically talk about Pawn shops nor Pawnbrokers but when Americans are strapped for cash and need a place to turn to for immediate  financial needs, a Pawn shop is your best choice. Data Age and PawnMaster provide a majority of the Pawn Industry with the Pawnbroker pawn shop software needed to run their businesses efficiently.

NEW YORK (CNNMoney) — Most Americans don’t have nearly enough money stashed away for emergencies and more than one-in-four don’t even have a single penny saved.

While the general rule of thumb is to have an emergency fund that will cover at least six months of expenses, only 25% of Americans have that amount saved, research released Monday by Bankrate.com finds.

About 49% of Americans don’t even have enough money saved to cover three months of expenses — slightly worse than the 46% of Americans who reported having less than three months worth of savings last year.

And 28% don’t have any cushion whatsoever — up from 24% last year, according to the report, which was based on a survey of 1,000 adults.

“Incomes are largely stagnant, so it’s difficult for people to make significant headway on savings when household expenses are creeping higher but incomes are not,” said Greg McBride, senior financial analyst for Bankrate.com. “Prolonged unemployment has also depleted the savings of many people who at one time had a more appropriate cushion.”

While the overall saving situation has gotten slightly worse in the past year, Americans are saving more this year than they were six years ago. In 2006, Bankrate found that 61% of Americans didn’t have enough emergency savings to last three months.

“Relative to a year like 2006, the needle has moved a little bit, but this is more of an indication of how woefully undersaved Americans were during the ‘go-go days’ of the housing boom,” said McBride.

While some may argue that they don’t have enough money to contribute to an emergency savings account, McBride said it’s just a matter of getting into the habit.

“The biggest barrier to saving is not being in the habit of saving,” he said. “By establishing that habit, even if an unplanned expense comes up and wipes out what you’ve accumulated, you’re only one paycheck away from restarting the saving process.”

To start saving, he recommends setting up a direct deposit from your paycheck or checking account into a dedicated savings account and to keep track of your spending so that you funnel as much extra income as possible into your savings account each month.

Pawnbrokers, Are You Ready…?

Pawnbrokers, are you ready to single handedly take over the Vegas strip next week? We are and just putting the final touches on everything. Soon our bags will be packed, shirts, pants, and shoes all spiffed up so we can engage each and every one of you who will be there in a professional and enthusiastic manner. To say we are excited about going is an understatement. We look forward to seeing our current customers and interacting with future ones during this dynamic show. Data Age and PawnMaster have been leaking hints to you over the last few weeks on what to expect from us at the show. So here is one of the best enhancements to our widely popular Text messaging feature we introduced last year to you. Now you can send out Blast messages in addition to sending out payments due, items wanted, forfeits nearing as well as layaways. You asked and we answered the call to be able to send out a mass Text message instantaneously to every subscriber about sales and events instead of sending them out individually like before. The statistics and ROI on those pawn shops who have implemented Text messaging are staggering. Make sure you set your phone and calendar reminders to ask about this feature in further detail at the show.