How do our offers compare to others?
Today we bought an 18 gram gold nugget pendant and paid our client $630.
She had already been to two other buyers in town. Both of them are jewelers, whose names will go unmentioned. One offered her $250. The other offered her $100! That’s right, one hundred dollars, and we paid her $630.
A couple of weeks ago we bought a bag of silver rings and chains from a young man here in San Marcos and paid him $210 for it. The competition, a pawn shop this time, had offered him $40 for it.
Do we always beat the competition? No. Yesterday a lady told us she was offered, by a different pawn shop, $85 for a gold necklace for which we had offered $80. We don’t mind being outbid by honest competition and we also don’t mind taking business from those who are less than honest.