There are numerous stories out there about entrepreneurs who have taken chances, spent a small savings, created a product, and ended up with millions as result. For instance, the founder of Spanx decided that if she were to develop a line of feetless pantyhose (which are far more comfortable and versatile than traditional styles), she would benefit consumers. She put her last $5,000 into her idea, and her company has now worth more than $100 million dollars.
You may have an innovative idea, but don’t quite know how to fund your first steps. There is a way, however! If you are the owner of antique jewelry that was handed down to you or newer jewelry that you haven’t worn for years, you can sell gold, silver, diamonds and more for top dollar in today’s economy. Once you have received instant cash, you can then invest in your business idea.
There are a number of businesses that are paying big money for precious metals, fine jewelry, diamonds, and watches. One such business is a pawn shop. Beyond providing pawn loans, high end pawnshops are currently seeking out valuable items.
You can also sell Rolex watches and other luxury branded timepieces and gain a substantial amount of cash. When supplying a luxury watch, it is a good idea to bring its original box and certifications with you. This will help quickly reveal that the item is genuine and lead to an accurate value assessment.
The same is true of jewelry. The more information you can bring with you the better. If for some reason you don’t have paperwork or original boxes on hand, it is recommended that you visit a certified jeweler and perform serious research to determine both the piece’s degree of rarity and overall worth.
One of the worst things you can do is walk in to meet with a pawnbroker and not be educated on the item you are trying to sell or pawn. Also, remember that there are plenty of reputable and generous pawnbrokers so don’t settle for less than you know your item is worth.
As you work toward bringing your dreams to life, dare to make your resources work for you. Once you sell your pre-owned jewelry and watches for to dollar, you will be on your way!