From two thousand years ago, China had a pawnshop. The pawnshop was originally called a “mortgage”. Instant mortgage of objects to get money. Compared to ancient times, the business of pawnshops today is not much different than the scope of mortgage of large objects than before.
It can be seen that, in China, the Chinese have a long history of pawn business. From ancient times, pawn and mortgage business has been quite developed in China. After many historical ups and downs, pawn business has continued to exist and develop here.
What is the secret to helping the pawn business to continuously grow and prosper? Here, we would like to share with you some of the famous Chinese pawn trade secrets. Hope to be a useful reference resource for those who have been and will be pawn business.
- 1 1, HISTORY, TREND OF PAWN BUSINESS
- 2 2, THE SECRET OF PAWN BUSINESS
- 3 AUTHOR
1, HISTORY, TREND OF PAWN BUSINESS
Referring to pawn business, no one is unaware. Even in the basic perception of many people, the pawn business is “heaping the creeper, exploiting others at high interest rates.”
Although pawn business today has many differences compared to ancient times both in content and form but many people still exist psychological obstacles that do not want to step into this business. However, this is a business with many development advantages that many people do not know.
According to a survey of the causes of pawn shows: 48% of people are due to relatively high barriers to bank loans, taking capital from banks with certain difficulties. Moreover, due to complicated procedures, it only turned to fast and convenient pawn loans. 16% of people are due to savings deposits not yet due. Borrowing loans to solve immediate urgent needs. But it does not cause loss of savings interest.
16% of people think it is because of the scope of pledge and mortgage of large objects. 12% of people said that it was due to low procedures. Is one of the quick and reasonable ways to get capital. In addition, 8% of people said that pawn loans are flexible and convenient.
The pawnshop has become an effective assistant in mobilizing capital and circulating capital for many people and small and medium enterprises. There are additional effects, compensating for the lack of bank loans.
Pawn business can grow strongly due to five major causes. One is the demand of the socialist market economy. This is the basic cause. The second is the opportunity of reform policy to open the door.
Three is the change in ideology and opinion. Four is a polite cultural successor. The year is the foreign pawn business that has developed strongly to promote the development of the domestic pawn business. Conveniently according to the development needs of the era.
Customers borrow money to mortgage money at the pawnshop, do not need to go through complicated procedures and procedures. It all depends on the market value, superiority … of the item that customers bring to mortgage. The procedure is very simple, just accept the mortgage is able to receive money immediately.
The internet has become a hot phrase in creative entrepreneurship. The dealer of a pawnshop just needs to agree with the time. Take advantage of all advantages of the internet, fully promote the function of capital resources to conduct pawn business online.
Pawn business is financial business service. Has a long history, plus a deep impression. How to adapt to the new development trend? Welcome changes in the internet age, to move forward with the times.
The specific operation model may be: directly connecting with online pawn business service forums. Through the transfer of the right of creditors to recover the capital operation of the pawn business. Building online pawn shops, providing online sales channels of pawn shops.
2, THE SECRET OF PAWN BUSINESS
Pawn business also has certain secrets and techniques. Understanding these secrets, business people will not have to take a detour. Business is convenient and smooth.
(1), NOT ANY ITEM CAN BE MORTGAGED OR MORTGAGED
Items brought by customers to mortgage, barred, must be judged and judged by a person with the right to conduct business. Items that can be pledged are valuables that can be stored, transferable, such as houses, far away, business equipment, goods products, transport tools, personal jewelry. …
Personal jewelry must have proof of origin. Other products must have receipts and certifications. For business assets, it is necessary to provide business registration certificate, prove the property ownership of the litigant.
(2), PAWN DOES NOT MEAN TRADE, THE AMOUNT RECEIVED IS NOT SYNONYMOUS WITH THE VALUE OF ARTIFACTS
Store pawn as a financial provider. The main business is short-term loan services such as real estate, real estate, property mortgage …
The exchange amount is usually 50% to 80% of the second circulation value of the mortgage. The second circulation value is not the original price, lower the actual value of the object. The amount of exchange is how much to pay.
(3), EXCHANGE AMOUNT IS NOT AS HIGH AS POSSIBLE
The standard pawn charge rates are uniformly set by the State. There is a need to cover a certain amount of monthly procedure. The more you borrow, the more you will pay. Pawn costs include procedural fees plus interest. For collectors, borrowing is the most high-interest borrower, which is a high cost.
Therefore, absolutely do not equate two concepts of pawn and sell goods. If you need 10 million, even if you assign a pawnshop with a value of 20 million, it doesn’t necessarily take 20 million. If not, you will have to pay higher fees.
(4), THE TIME LIMIT FOR PAWN SHOULD NOT BE TOO LONG, REDEEM THE ITEM ON TIME
Providing short-term loan services is one of the characteristics of pawn shops. The longer the time limit for pawnage, the more costly the procedure to pay.
Currently, the national pawn shops all take monthly units as landmarks. The shortest period of pawn is 5 days, the longest is 6 months. After expiration of pawn, can continue to extend pawn.
In case of overdue cases, appropriate measures should be taken. Reasonable cooperation for both parties. And most importantly, it must be consistent with the order and regulations of the law.
Pawn business is no longer a new business. But not all pawnshops are profitable and grow. Therefore, pawn business people need to constantly learn, never stop creating. Consistent with the trend of the era, on the basis of legal, sympathetic, reasonable constantly expanding and developing industries.
Hoping the Chinese pawn business’s know-how and experience will be a useful reference for those who are pawn business. I wish you success and good luck!
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