Why Pawn Shops Should Participate in PawnFriday

January 29, 2020 - Pawn Resources

Have you heard of PawnFriday?

It’s the Black Friday of pawning, and if you want your pawn shop to benefit from the publicity that will surround this event, you need to get on board.

Continue reading to learn more about PawnFriday and how it came about. Then, get the details on how your pawn shop will benefit from PawnFriday and why you can’t miss out.

What is PawnFriday?

PawnFriday is a day where pawn shops across the US band together to draw customers into their stores with great deals on everything from jewelry to power tools. It takes place on October 27, 2017, which is the inaugural celebration of this special shopping day.

You might be wondering how this event was founded. At PawnGuru, we wanted to dedicate a day to pawn shops and the unique shopping experience they present to holiday shoppers.

While other days have been established for brick-and-mortar and e-commerce shops (e.g. Black Friday, Cyber Monday, Prime Day, Singles Day), we wanted pawn shops to have their own piece of the holiday shopping pie.

The goals of PawnFriday include helping pawn shops gain more foot traffic and generating community awareness about the unique holiday shopping experience that pawn shops offer.

From great deals on unique gifts, to that treasure-hunting experience, there is much to tout about in the way of shopping locally via pawn shops.

How Your Pawn Shop Benefits from PawnFriday

Marketing Opportunities

When you sign up to participate in PawnFriday, your shop’s PawnFriday offers are included on the official PawnFriday web page. This means that local consumers that are searching for deals will be presented with your offers.

This is additional exposure for your pawn shop and will present an opportunity to get new customers and repeat customers.

PawnFriday is also another excuse to post on your social media, send a newsletter to current customers, or get generally “up” your marketing game for your shop.

If you haven’t done anything to improve your marketing this year, let PawnFriday be the start of a prosperous season!

Early Holiday Shopping Revenue

When you participate in PawnFriday, you benefit from an early holiday shopping rush. Since PawnFriday is on October 27th, you’re earning revenue well before the traditional Black Friday promotions kick in.

This puts you at an advantage to earn customer’s business before they give it to big box retailers or even other pawn shops that don’t participate in PawnFriday.

Free PR

PawnFriday will earn media coverage. When people in your local community hear about it, they’re going to be more likely to enter your pawn shop. This includes people who normally wouldn’t enter a pawn shop due to lack of understanding or awareness.

More Customers for the Long Term

With the combination of free PR and the great deals you offer on PawnFriday, you are improving your chances at earning more customers for the long term. You’re giving existing customers a reason to visit your shop again, and you’re giving new customers a great reason to try a pawn shop for the first time.

How to Sign Up for PawnFriday

To participate in PawnFriday, sign up here.

This will take a few minutes. You’ll just need to answer a few questions and list your deals, so think about what deals you would like to offer and then make time to fill out the form.

We will be offering more PawnFriday tips and information in future blog posts, so stay tuned!

David Stiebel

David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.

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