Questions for Retailers
3 Essential Questions For Independent Retailers
1. Why Computerize Your Store?
A Cash Register Replacement.
A Computerized Cash Register system replaces your old fashioned cash register. A Cash Register has a single purpose. It tells you how much money your business has taken in during the day. It can tell you that you took in $350, but it can’t tell you how much of that money is profit. It can’t tell you how much inventory you have on the shelf. It can’t tell you how many bottles of soda your business sold today. A computerized cash register can instantly tell you that you have $350 in your cash drawer. It will tell you that $225 of that $350 is profit. It can tell you that you sold 12 copies of a certain compact disc today and that you still have 8 copies on the shelf. It can also tell you what items you should order today because your stock is low.
Reduce Theft.
By computerizing you can reduce theft in your business by an average of 2.5%. An average small business doing $500,000 per year can reduce in-store theft by an average of $12,500. How? Your employees become more involved in watching the store inventory if they know that every piece of inventory in your business is being monitored.
Reduce Inventory Shrinkage.
By watching your inventory and comparing on shelf inventory to your computerized reports, as well as taking regular physical inventories, both you and your employees are much more careful about giving away inventory, retaining obsolete inventory, monitoring breakage and non-theft inventory that “walks” out of your business, as well as checking inventory as the items enter your store. You can reduce inventory shrinkage by up to another 2.5% by computerizing.
Reduce Your Inventory.
By watching your inventory reports, you can make sure that you order more wisely. You don’t need 750 Christmas CDs on the shelf in the summer.
Increase Your Inventory.
You don’t need 750 Christmas CDs in the summer, but you may need more portable CD players for your store during the month of August. Many stores order products based on what they think they sell. If you check your inventory reports and see that you sold 100 portable CD players last August, it gives you a good clue to help make sure that you don’t run out of portable CD players this August. Watching your inventory reports increases your efficiency.
Speed Customer Checkout.
Computerizing speeds up your customer checkout. With a barcode scanner you can checkout a customer much faster than the time required with a manual cash register.
Accuracy.
Every item in your store has a price and barcode number associated with it. Never again will you have to figure out how much or how many you have in stock. Your clerks will have instant stock information at their finger tips.
Keep Track of Your Customers.
Your best customers are your present customers. No matter what type of store you have, you should try to obtain the name and address of every one of your customers. Keeping a customer list is an obvious asset for a music store. You want your customers to keep coming back, especially when you have a sale. Mailing to your customers periodically keeps them coming back. Your vendors may even help you pay for the cost of the mailing. Mailing to your customers is the best form of advertising, even if it is just a quick postcard listing a few new sale items. Every mailing to your customer list will always be a positive to your cash flow.
Watch Your Margins.
By analyzing your inventory better, you may determine that certain genres of music produce higher profit margins than others. Our POS software will help you to stock more products that give you greater profits and fewer products that give you the least amount of profit.
- On average, computerizing will save you 5% of your sales.
- A business doing $500,000 per year in sales will save you approximately $25,000 per year by computerizing.
- A typical single user station computer system with printer, cash drawer, computer, barcode scanner and barcode printer costs less than $5,000.
- The typical computer system above will save you $20,000 in the first year alone!
2. Why Choose Musicware POS, Praiz POS or ExtremePOS?
We know music stores! Musicware POS software has been servicing record stores for almost 20 years. Our dedication, knowledge, experience and commitment to the industry is unmatched. Our software is 32-bit Windows based and is extremely intuitive and feature packed. We have uniquely designed software for stores buying and selling both “new” and “used” inventory. Because of this unique business requirement, independent music stores need software specifically designed to handle new and used items.
We know bookstores! Praiz POS software has been servicing bookstores for almost 10 years. Our dedication, knowledge, experience and commitment to the industry is unmatched. Our software is 32-bit Windows based and is extremely intuitive and feature packed. We have uniquely designed software for bookstores buying and selling both “new” and “used” inventory. Because of this unique business requirement, independent bookstores need software specifically designed to handle new and used items. To view a more complete Praiz POS feature chart click here.
We know video game stores! ExtremePOS software has been servicing game stores for almost 5 years. Our dedication, knowledge, experience and commitment to the industry is unmatched. Our software is 32-bit Windows based and is extremely intuitive and feature packed. We have uniquely designed software for games strores buying and selling both “new” and “used” inventory. Because of this unique business requirement, independent game stores need software specifically designed to handle new and used items.
3. Why Now?
Why wait any longer! Start benefiting from technologies that can save you money and make you more efficient now. Give your store the same advantages that larger chain stores enjoy at a fraction of the price!