Running a Pawn Shop

This is an daily money makers idea for an entrepreneur looking to make a larger return for a smaller investment.

Pawn shops can make a lot of money, mainly because their profit margin is high. You buy for low, and sell for high. Businesses thrive off of this business model, so you need to get into it!

You would need a building and people to sell you their items. You would buy their items for a low price, then sell it to people for about double the price. You need to be a good haggler, and you need to know how much you can sell things for. If you buy an item you can't sell, you lose money.

Since pawn shops sell different items, the profits will vary. You can expect to make thousands a month though.