When it becomes to business, here at Asimot, we continue big lovers of the old saying, ‘if it ain’t split don’t fix it’. Floating along may be a suitable option. You strength have your own manual systems in place for inventory management and product sales that don’t require any sort of Point of Sale technology, and you may think you can get along fine without it.
However, what if us could tell you that you can improve your store performance, your sales figures and profit margins, and your customer’s experience, all for just a few bucks per month? POS technology is now more advanced and more affordable than ever before, and in this blog post, we are going to give you 8 reasons why every small business needs POS software.
Streamline your checkout method
POS software can significantly change the experience your customers have when they check out at your store. It can achieve this in three ways:
POS barcode scanning is quicker and more efficient, speeding up the entire process and reducing queuing time.
POS barcodes also decrease the possibility of human error, automatically inputting the prices from the central registry and calculating totals for you.
Many POS systems can record valuable customer data. Knowing what your customers buy and when they buy it is necessary for inventory control, powerful retailing and creating loyalty schemes.
Control Pricing
POS barcode scanning and centralized price controlling skills mean that once you update a product price on the system, it is automatically followed out across all store locations. Some POS systems will also combine with your online shop, meaning that your online prices can be updated at the same time as your in-store ones.
Customers greatly favor pricing flexibility, so by having a centralized price control you can assure that you are allowing continuity across all platforms for sale.
Understanding out what price point works best for your customers whilst still giving you an attractive profit edge is a necessary part of any small business. Sales and inventory data can help you control your pricing to be contentious.
Balance your Inventory
In an ideal business, your stock take should always balance with your sales data, but thanks to human error; mistakes can occur. However, having a great Point of Sale system in place can change all that. Any POS that is worth its weight in sales will automatically align your sales with your inventory. This has three main advantages.
Stock levels are automatically adjusted when sales are made. This reduces the need for manual stock takes and the possibility the human error. Even a 1% margin of error could cost your business thousands of bucks over the way of a year.
Reduce your losses. Unfortunately, many business losses occur as a result of staff members choosing to exploit knowledge of company systems and systems in support of personal gain. Some also lose out to shoplifters. POS technology follows products from purchase to sale, meaning you can more easily identify where the losses may be happening. This will let you put additional security steps in place to battle the problem.
Inventory data satisfied by your POS can help you identify sales patterns. You need to know what stocks are selling and when they are selling best, in order to be prepared for the increased interest.
POS software integration with accounting software can save you more time on business administration.
Follow your Return on Investment
Here at Asimot, we have arranged our POS software with useful analytical tools to help you understand your business. All good POS systems will have a number of analytics options that can tell you important information about your business. This can include:
- Figuring out your best/worst product.
- Which staff member is selling the most?
- Which day of the week is typically getting the most sales?
- Which store is the most successful?
Seeing and understanding these reports can assist you in improving your inventory management, sales processes, and marketing plans. It can also help you to identify which staff members are ready for further responsibilities or which need additional training or support.
Information at your Fingertips
When a business has a lot of products, employees can feel surprised. There is a lot to remember and usually only a small amount of time to learn it in! Great POS systems can provide any information that you may need about the product, its manufacture, its restocking levels, how to up-sell etc. With all this knowledge at the touch of a button, your employees will respond approved, more positive and able to fulfill their job better.
Get Mobile
Why not eliminate the need for a boring ‘checks out’ altogether? Using a combination of cloud-based POS software, mobile devices such as an iPad and a simple plugin scanner, you have a mobile check out on your hands! Not only great for in-store but also ideal if you take your business on the road to business shows etc.
If your customers are paid around their product, you can compare them directly. Not only are customers put on the spot far more likely to make a purchase, but you can also answer any questions that they have about the product whilst you are both stood in front of it. Taking the ‘checkout’ to your customer also removes the mental check to the purchase, as many possible sales are impeded by the idea of a queue or customers simply read themselves out of it!
By choosing a POS software that integrates with the accounting software you can take card payments there and then, with the email receipt going straight to their inbox. No more lost receipts!
Love your Customers
Unnecessary to say, no business is anything without its loyal customers. This allows you to create a database of information about your customers, registering their purchase information and any other personal details you can get from them. This can then be used to target specific customer organizations for special improvements or loyalty rewards. You could even make a note of your client birthdays and send them a discount voucher or free gift on their birthday.
Anything that is personalized towards your customer makes them feel valued, increases their loyalty to you and finally allows you to sell more products to them.
POS software doesn’t have to be expensive!
You could be forgiven for thinking that all of these amazing benefits are going to be expensive, but the reality is that POS software is now very affordable. For example, here at Asimot, our ethos is to help the small business development and as such, we have tailored our price plans to suit even the smallest business.
Certainly, we can’t speak for other POS providers, but when you take the next step to researching which POS software is right for your business, we are confident that you will find one that is affordable.
We are pretty confident that this blog post has explained to you the clear advantages of implementing POS software for your small business. However, if you still aren’t satisfied and aren’t sure about taking the dive, why not just dip your digits in alternatively? Here at Asimot, we are offering a completely free no responsibility 30-day trial. No credit card is required, and no force is applied. Our POS software speaks for itself. To get started or find out more information, click HERE!
