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Replies: 36 / Views: 4,387 |
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Pillar of the Community
United States
4897 Posts |
Congrats on the new gig!  One question though. Quote: I am only required to buy a minimum of 10 penny weights per week So say gold is $1618. Melt of $42 per dwt (14K). If youpay @75% (reasonable in my estimation) that is $32 per dwt. 42-32=10...$10 x 10 dwt = $100. If you work 16 hours a week ....how are they making money. I will be interested to see what % they really pay.
Edited by amida17 06/04/2012 10:31 pm
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Pillar of the Community
 United States
3670 Posts |
Amida I will say....."That I have a little horsey named Paul Revere, me an my horsey an a quart of beer! Ridin through the land kickin up sand." RIP MCA....
And to your question nice math my friend you are dead on, an no surprise as I recall you have either worked or currently work in similar field seems like. That is just a minimum, as of course they want to see much higher numbers from all their reps. Again no grey areas, all the big corp fig heads care about is black an white profit, as they should....
Edited by Silverhawk74 06/04/2012 10:48 pm
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Pillar of the Community
United States
4897 Posts |
Good memory Hawk! I dont mention it much (dont want to have to defend myself) but I run a coinshop. My passion is coins ...but...metals pay the bills....
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Pillar of the Community
 United States
3670 Posts |
That is fantastic Amida that you can run a shop for a living doing what you love. Great to know there are still some out there making it....
I will keep you all posted on the job in the weeks to come as well....
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Pillar of the Community
United States
3184 Posts |
please don't rip off old ladies!
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Pillar of the Community
Australia
7096 Posts |
Quote: please don't rip off old ladies! I think if his new boss required the hawk to do that he would tell the boss to shove his job where the sun don't shine   
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Pillar of the Community
 United States
3670 Posts |
Many times someone has some old broken gold they didn't even know they had or would never wear again. An for some selling it helps keep the electricity on in this economy, so like the boss said we don't rip people off, we help them when they need cash the most....
Edited by Silverhawk74 06/05/2012 10:48 am
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Pillar of the Community
United States
561 Posts |
Congrats Silverhawk74 on the new gig!  You will certainly have to keep us updated on your progress. Good luck!
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Pillar of the Community
United States
5854 Posts |
Congratulations Silverhawk74 on getting the new job! Let us know how it goes and if you get anything interesting.
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Pillar of the Community
 United States
3670 Posts |
So far so good, ten hours down after two training shifts. Working 9:45-9:15 next two days so hopefully we can get 30 or 40 pennyweights next couple days.... First day we bought 32 DWT, today zero, just is what it is. I hand out flyers mostly, and I excel at it! As my average is easy 7 or 8 out of 10 people successfully given a bag. If they drop it I pick it up an hand it to another, lol.... Tonite I handed out over 300 bags from 4-9, flirting with the ladies most of the time, lol.... Guys that don't fear rejection just need 1 out of 20 attempts at picking up a lady at a bar for example to work out, and me that rate is more like 1 an 100.... I don't say...."Would you like a coupon worth 10% on your next gold sell to us." I say...."Hello mam TAKE this 10% off coupon an bring it back to sell us your gold an you have a fine day." Funny how well TELLING someone to do something as opposed to asking actually works.... Cellphone jack wagons are easy, I can successfully give them a bag 9 out of 10 tries. Some folk I could literally stick a gold brick that is REAL in one of our ad bags an attempt to hand it to Joe Smo, and they would reject it, rof  ....
Edited by Silverhawk74 06/13/2012 10:25 pm
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Pillar of the Community
United States
4897 Posts |
So...what would you offer today for a 7 dwt 14k necklace?.....be honest 
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Pillar of the Community
 United States
3670 Posts |
Believe it or not Amida, we start out low like 7 to 13 per DWT, but can go up to 36 bucks per DWT, as we often end up somewhere between 20 an 25....
We had a ring come by tonight that was 14K an weighed 5 DWT, an we offered 180 for it. But it was her brothers an she wanted to check with him first an see if he wanted to sell it for that....
So that piece with same formula via a 14K 7 DWT necklace the max we could offer is 36 DWT or 252 bucks....
We are the largest gold buyer operation in the country, via 260 plus stores now in 50 states....
The owner is 23 an refines it all himself they say, lol. An the profit totals last year was over 50 million dollars....
The restaurant bar I work at makes 5 to 6 million a year an we are one of the more successful restaurants in town for prospective....
Edited by Silverhawk74 06/13/2012 11:10 pm
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Pillar of the Community
United States
3184 Posts |
well at least you guys pay more than those hotel gold buyers.............
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Pillar of the Community
Canada
1723 Posts |
Just read this thread for the first time. Congrats on your new job. Sounds like you are enjoying it very much. With the little one coming as early as october, I hope it will provide the stability you need. Cheers!
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Pillar of the Community
United States
4897 Posts |
Cool! Hope you are enjoying it. As always, nice to converse with you Hawk.
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Replies: 36 / Views: 4,387 |