Store Owner Hack:
10 Ways a Smart POS System Boosts Your Bottomline

When you think of a point-of-sale system, cash register, or any payment solution, you likely envision a device for accepting cash, processing credit card transactions and checking out customers. However, a smart, integrated Point of Sale (POS) system like ShelfPerks can offer your business much more, helping you maximize sales in various ways.

Many business owners hesitate to adopt POS systems due to concerns about expenses. ShelfPerks Store OS addresses this issue by providing a cloud-based solution that can be used on any device, including your tablet, smartphone, PC, or Mac.

With virtually no barriers to enhancing your store operations with ShelfPerks, here are the top 10 ways to boost your bottom line:

1. Master your inventory needs:

A smart Point of Sale (POS) can give you valuable insights into your sales. It can tell you which products are selling, when the busiest times of day or seasons are, and help you anticipate your changing inventory needs.
Smart POS systems track stock levels in real-time, allowing for better inventory control, reducing overstocking and stockouts, and optimizing reorder points.
This is particularly important during the holidays when you need to pre-order inventory and meet your customers' product expectations. If you can't anticipate their needs and have adequate stock on hand, chances are another shop will.

2. Understand product profitability:

One of the keyways to maximizing sales in retail stores is to understand the product profitability. Have you ever invested in a super trendy gadget expecting it to fly off the shelves, only to find it occupying valuable space, constantly marked down, and eating into your profit margins?
With better product insights, you won’t make that mistake again because you’ll understand what your customers really crave.

3. Promotions that promote growth:

Ever wonder which promotions actually drive more business? With ShelfPerks, you can effortlessly run various promotions for your store and monitor real-time sales reports to determine what resonates with your customers. This insight allows you to optimize future promotions and sales strategies.
Managing special promotions in ShelfPerks is easy. You can enter and save them. When you ring up a customer, ShelfPerks knows when sale criteria have been met and automatically applies the correct promo, ensuring you never miss a discount and keep your customers satisfied.

4. Monitor business performance wherever and whenever.

For those of you who find it challenging to entrust your business to employees while on vacation, this is for you. With ShelfPerks, you can view reports and real-time snapshots of your business and sales performance from anywhere, on any device. This means you can keep things running smoothly even when you're away.

5. Get feedback to better serve your customers.

With receipt flexibility, your customers can choose to receive their receipt via email or a traditional print receipt. Digital receipts open a direct channel for valuable feedback, enhancing your understanding of customer experiences.
ShelfPerks e-commerce integration takes this a step further. Customers can share insights on product quality, order fulfillment, packaging and overall store experience.
This wealth of feedback is your key to gain deeper insights into customer preferences, implement targeted improvements and swiftly address concerns, boosting satisfaction. You're building lasting relationships and continuously refining your business.

6. Give your customers a great payment experience.

Your checkout process is the final touchpoint with customers, making it crucial to leave a lasting positive impression. By offering a seamless payment experience with options to tap, swipe, or pay cash, you enhance your brand's image and professionalism. ShelfPerks has partnered with Stripe and Stax to provide best-in-class payment solutions, ensuring a smooth transaction process that delights your customers and streamlines your operations.

7. Effortless administration.

As a business owner, your time is invaluable. Juggling countless tasks with limited hours demands efficiency. That's where streamlined tools for employee management, shift scheduling, accounting, and inventory control become indispensable.
By using ShelfPerks Smart POS, you will free up precious time to focus on what truly matters: refining your products, enhancing your store, and growing your business through strategic marketing.

8. Multi-channel integration.

This feature enables your POS system to synchronize data across all sales channels, including physical stores, e-commerce platforms, and mobile apps. It ensures that inventory levels are updated in real-time across all platforms, thereby preventing overselling and stockouts.
Customer insights, purchase history, pricing, and promotions are accessible across all channels, facilitating personalized service regardless of where the interactions take place. This integration streamlines order fulfillment options such as buy online, curbside pickup, pick up in-store (BOPIS), or ship-from-store.

9. Precision through automation:

ShelfPerks reduces human errors through built-in automation that minimizes stock discrepancies, optimizes ordering, and prevents shortages. Barcode and QR code technology ensure flawless product recognition and accurate pricing at the point of sale. Dynamic price updates eliminate human errors in data entry and maintains accuracy. Digital receipts enhance record-keeping reliability and facilitate effortless transaction tracking. Automated daily reports deliver precise sales and inventory insights without manual computation. Intelligent alerts flag anomalous transactions and inventory inconsistencies, prompting timely review and action.

10. Real-time adjustments.

Centralized control enables you to instantly update prices and manage inventory across all locations, warehouses, and online platforms. This capability allows you to promptly respond to competitor price adjustments and sudden market shifts. Promotions can be activated or deactivated instantly across all channels, while inventory can be shipped between locations based on real-time demand. Adjustments to staffing levels can be made using live sales data and foot traffic information. If necessary, product recalls or removals can be swiftly implemented across all sales channels.

When you choose ShelfPerks, you're not just investing in a POS system. ShelfPerks, with built-in Smart POS, enhances your retail operation's efficiency, accuracy, and responsiveness, empowering your business to thrive in today's competitive market. Don't let your business fall behind—unlock your store's full potential with ShelfPerks today.