In store Event Ideas to Host & Organize Retail Events

in store event ideas

Retailers should not underestimate the power of establishing communities. That is to say, in today’s e-commerce world, consumers can instantly buy the products that they are in search for. Therefore the brick and mortar stores need to up their game so that they can attract customers and increase their sales. So, one of the best ways to engage or make customers is to be social and build communities. Therefore retailers can make this possible by holding in store events. As a result, retailers can build their consumer community. Further if done the right way, it gives a compelling reason to people to head towards the store. Teranoid has come up with in store event ideas through which retailers can organize in-store events. As a result, retailers can host these events by taking help from the below mentioned in store event ideas.   

In store Event Ideas

  • In store event Ideas include Organizing In-store Classes

People are always in for knowing something new. Therefore one of the ways to organize in store events is to hold classes in stores. Consequently, consumers will gain knowledge and skills. Further, this is one of the most effective in store event ideas to gather people together. Moreover, retailers can promote their products in the store by acquainting consumers with product knowledge.

  • Arrange Fashion Shows  

Fashion and runways shows are ideal for apparel stores. Further, if retailers are launching any new products, they can showcase the new products in the runway shows. So, retailers can hire models for the show or they can even ask the customers to participate if they are interested. Therefore the next time, retailers are launching a new collection, they can plan these fashion shows to showcase their collection.   

  • Product Launch 

Having talked about launching a new apparel collection, other businesses can also launch their new merchandise. That is to say, in case of launching a new product, retailers can organize a product launching event. Further retailers can decorate their store and celebrate the event. Moreover, retailers can add in the element of sale. This is an effective way in case retailers cannot showcase their products through a fashion show.

  • Outdoor Events

It is not necessary that these events should always be held in stores. That is to say, retailers can also organize events outside the store. Moreover, if the business is related to sports and games, retailers can manage outdoor events. In addition, this will also help them promote their products.      

  • Meet and Greet; one of the most effective in store event ideas

If retailers have relations with celebrities and popular figures they can arrange a meet and greet. Moreover, this works best while launching new products. That is to say, retailers can call some famous personality if they can afford it so that customers attend the event out of interest. Also, this can be very effective for art and book stores. That is to say, they can invite an author in case of the launch of a book store.

In addition, retailers can also organize the meet and greet event for their best and most loyal customers. This will make customers feel special and honored. This is a way to reward the best customers and make them feel that their loyalty is not unrecognized.

  • In store event ideas involve Promoting events through Social Media

When retailers plan to organize an in-store event, they should spread the news about the event so that more people are there to attend the event. Therefore retailers can promote the event through social media channels.      

 Conclusion

Organizing and hosting retail events are always in. That is to say, this trend will not end anytime soon. To conclude, people are always in need to connect with other humans. So, until retailers will keep organizing in-store events, consumers will always remain active and approachable.   

Biggest & Most Common Retail Customer Concerns

Retail Customer Concerns

Biggest & most Common Retail Customer Concerns

Retailers should be concerned about the Retail Customer Concerns because they are the ones who benefit the company and business. However there are certain things that irritate the customers. That is to say, there might be some actions on the part of employees or retailers that disturb the customers. As a result, it will affect the sales and company’s profits. Therefore retailers need to be aware of the Retail Customer Concerns and what they expect from the shop owners and employees. By reading this article, retailers shall have an insight into what concerns the customers.

Retail Customer Concern 1: Not Understating the Customer Needs

There are types of customers that quickly want to get what they are looking for. Moreover, they need someone to help them out so that they do not have to spend extra time in shopping. Either it is online shopping or through brick and mortar stores, employees and attendants should provide customers the type of experience they are looking for. There is no one formula to deal with all customers alike. Therefore employees and retailers need to know how to treat various customers. In other words, it is for the retailers and their employees to distinguish each customer and know what they want. There are certainly such customers who do not want to be left alone. Therefore the sales persons should not be irritated with such customers. In short, the key is to understand the individual personality of each customer and try towards resolving it.

Retail Customer Concern 2: Fake Comments

Another Retail customer concern is that the salesperson should not comment on the customers. That is to say, retailers and their employees should not comment on customers if they are trying a product. For example, salesperson usually ensures customers that they are looking nice in apparel stores. However, the customer might not like it at times. In other words, there are customers who do not like to receive personal comments from salespersons. Moreover, if something does not suit them, they are aware that the salesperson is only trying to flatter them to persuade them towards buying.

Retail Customer Concern 3: Lack of Product Knowledge

Certainly the employees that are unaware of the products are bad for the company. Further the customers also lose interest in the store whose employees are unaware of the products that they are selling. As a result, this leads to bad sales and loss of customers. Therefore it is essential that retailers should train their staff well about customer service. Further they should provide complete product knowledge to the customers. It is better to use various learning methods for employees because the learning method that might suit one employee, might not suit the other one.

Moreover retailers should also train their staff on technology. That is to say, employees should be trained with whatever technology retailers are using in their stores. For example, POS System, managing security devices, inventory devices etc. Moreover role-playing is also very effective when it comes to training staff. In other words, it is through practice that the employees are able to learn the most.      

Retail Customer Concern 4: No one to attend to

Certainly absence of employees frustrates and upsets the customers. That is to say, retailers should ensure that their employees are always present and attendant. Therefore for this purpose, retailers should make sure that there are enough staff members in the store. Moreover, retailers should be aware of the rush hours. As a result, they should schedule the employees plan accordingly. Moreover, the employees should also be vigilant and willing to provide good customer service.

Retail Customer Concern 5: Messy and Dirty Stores

The way the retail store looks is highly significant. In oteher words, the look and tidiness of the store can either make or break sales. Therefore retailers should make their store clean and presentable. Further retailers can create attractive window displays. Moreover, they should ensure that the employees clean the store and products frequently. So, that the customers do not get the impression that the store is unclean.  

Conclusion

To conclude, retailers should take care of how they treat their customers. In other words, they are the ones who either make or break the sales. Therefore it is evident that retailers should provide extraordinary service to their customers by addressing the retail customer concerns.  

Supply Chain Management Practices Retailers must Adopt

Supply Chain Management

Supply chain management is one of the most essential components of retail. Certainly the biggest setback in retail is losing sales because of being out of stock. Also, along with growth come great retail challenges. That is to say, retailers have to manage well their retail business across all channels. For example, the availability of the products, managing inventory, effectively coordinating with vendors, etc. Retailers manage in-store tasks along with online orders. However, the solution to solving all these issues is managing supply chain management well.

Significance of Supply Chain Management for Retailers

Should retailers be involved in Supply Chain Management? Well, the answer to this is certainly yes. Firstly because it helps retailers understand and know the product quality. Secondly, it helps retailers manage inventory levels. Thirdly, it lets retailers manage their expenses well. In other words, it is through better knowledge of Supply Chain Management that retailers are able to reduce their expenses. Further, their delivery and services are enhanced because of inventory control, distribution and sales. Therefore it is essential that retailers get involved in Supply Chain Management so they add value to their business and stay ahead of the game. 

Supply Chain Management Practices

In this article, we shall discuss the best Supply Chain Management practices that retailers can adopt. The tips below shall help guide retailers about how they can effectively manage and implement Supply Chain Managements in their stores. 

Supply Chain Management Council

Businesses are certainly in need of leaders. Therefore without a Supply Chain Management’s council, the supply chain management will not perform the way it should perform because the company will lack a clear vision. So, retailers should try to hire effective Supply Chain Managements leaders. That is to say, retailers need to make a team that manages the supply chain effectively. This can simply be employees of the company that are trained well in the supply chain department.

Proficient Supply Chain Management Staff

As mentioned earlier, the best way to gain effective results from the supply chain management team is to train them properly. That is to say, they should be well-informed about all the aspects of the supply chain. Consequently, the well-trained and well-informed staff will be more productive and effective. Further, these proficient staff members will be able to resolve issues instantly. Certainly, the best the staff will be, the better the customer experience shall be.

Effective & Advanced Supply Chain Management Technology

Certainly, successful retailers update themselves with the advancement in technology. That is to say, successful supply chain managements requires the effective use of technology. For example, effective integration of payments and the effective running of inventory helps in the supply chain. Therefore, such technology must be available that streamlines business operations. As a result, they help simplify the supply chain managements tasks such as a good and advanced POS System. However, retailers should choose the concerned area that requires the use of technology. Consequently, they should choose the required technology. Because of the use of technology, the supply chain managements department shall be able to analyze its proceedings and make better and effective strategies. 

Effective Vendor Relations

One of the most effective and successful retail tips is to have good relations with vendors. That is to say, retailers should think of their vendors as partners because they are essential for the success of the business. Moreover, the most successful businesses share objectives and aims and work together towards achieving them. Further, they also measure improvement and focus on the development and improvement of the business together.

Implement Strategic Sourcing

Retailers should involve more suppliers. These suppliers should help retailers in the decision-making process. That is to say, vendors can help retailers plan and implement future strategies, regarding products. In other words, it is through strategic sourcing that businesses can simplify their operations, reduce their expenses and improve performance.

Contracts & Supply Chain Management

Contracts are significant in retail. Therefore retailers must not forget about them. That is to say, they should make contract managements part of the supply chain. Consequently, contract management is maintained simultaneously and monitored.  

Conclusion

Small business owners might not care about the supply chain managements. However, it is significant for them to implement the above-mentioned strategies, just as large businesses. As a result, it helps improve sales, inventory management and the overall success of the business because,

“It’s not the organizations that are competing. It’s the supply chains that are competing.”

–Wael Safwat

Customer Retention Strategies to Bring Customers Back to the Store

Customer Retention Strategies

In today’s competitive world, it is very easy to lose customers. Therefore, retailers are continuously aiming to improve their customer experience. Moreover, the brick and mortar stores should up their game. In other words, they should enhance the customer experience in order to keep up with online stores. Therefore adopting customer retention strategies is very significant for retailers. Customer experiences vary from retailer to retailer. However, the right way to deal with customers depends on the way the customers are. In other words, the products they purchase count a lot. Therefore it is essential that the employees and retailers should know well their customers. Consequently, through Customer Retention Strategies, retailers shall be able to make them happy, once they know their likes and demands.  

“Excellent customer service is the number one job in any company. It is the personality of the company and the reason customers come back. Without customers, there is no company.”

–Connie Elder, CEO & Founder, PEAK 10 SKIN

How can Retailers adopt Customer Retention Strategies?

Below we have mentioned a few tips and techniques that help retailers enhance their customer experience. As a result, it brings customers back to the store.

Customer Retention Strategy #1: Add Element of Surprise

One of the most significant customer retention strategies to attract customers is to create an element of excitement for the customers. Therefore creating experiences such as treasure hunt or other activities is very effective. In other words, the element of surprise attracts customers. Further, amazing discounts and promotions also is a way to attract customers. In other words, when customers are aware that products are limited, they hurry to grab their favorite items. The key is to continuously engage customers with the store so they do not lose interest.

Customer Retention Strategy #2: Direct Contact with the Customer

“Spend a lot of time talking to customers face-to-face. You’d be amazed at how many companies don’t listen to their customers.”

―H. Ross Perot

One of the major advantages that brick and mortar stores have is that they can provide face to face experience to their customers. Although, online agents help customers with their queries, the experience that customers receive directly holds greater value. Brick and mortar stores should make sure they provide an extraordinary experience to their customers. Moreover, the salesperson should be well informed about the products so that they can recommend it properly to the customers. This way they shall be able to get the customer’s attention. As a result, customers are expected to return to the store more often.  

Customer Retention Strategy #3: Keep Yourself Updated

One of the major reasons that the stores do well is that they update themselves. In other words, they reinvent their stores. In short, customers get bored because of looking at the same things and displays. Therefore retailers should update their stores continuously. Also, seeing the same products in the store also loses customer interest. In other words, customers want to see something new quite often. Certainly, it is not possible for retailers to keep changing the look of the store and the products. However, retailers can adopt a few ways that can help them get customer attention. Such as keeping the store neat and clean. Secondly, replacing the products and changing their places. Retailers can perform these tasks and provide new experiences to their customers.

Further, retailers should be advanced in terms of technology as well. That is to say, they should be equipped with up-to-date technology and gadgets that help improve the customer experience, for example, POS System, CRM Software, etc.

Customer Retention Strategy #4: Be Social

Retailers need to be sure as to which events or workshops they should hold. Therefore retailers should see how they can build communities through their retail store. This is one of the greatest strengths of brick and mortar stores. Therefore they should use it to their advantage. Further, they need to see if the space is such that their store space becomes the reason for people to get together. It is a good idea to let people use the products as well.

Customer Retention Strategy #5: Product Building

Retailers can encourage product building. Certainly, customers love personalized and customized products. So if it is feasible, retailers should opt for product building.  

Customer Retention Strategy #6: Sell Products in Bundles

Grouping together products is very popular in retail. Customers certainly visit the store for shopping. Therefore offering them other relatable products is beneficial. Many beauty retailers are following this trend. Therefore retailers should see what products and services they can offer to their clients to make their lives easier.     

Conclusion

In short, retailers should know each and everything about the customer because that is the only way that delights customers. Therefore the issue of providing customer experience is no more an ordinary thing. In fact, it requires effort on the part of retailers. In other words, today’s customer is very smart. Consequently, they want retailers and employees to deal with them very efficiently and provide them instantly what they are looking for. Therefore companies should adopt the above-mentioned customer retention strategies. Consequently, they can focus more on providing extraordinary services to their customers.   

“Customer service should not be a department. It should be the entire company.”

―Tony Hsieh

Best POS Features that benefit Retailers

Best POS machine features

Having the best POS features is the most significant thing that retailers must have. That is to say, whether it is sales and transactions, tracking inventories or storing customer records and data, the right and best Point Of Sale features keep the business in track and manage it efficiently. However, the person using gadgets and tools holds great significance. In other words, the right use of tools and technology results in significant outcomes. Therefore it is imperative that the retailers and their employees should know well about the functionality of the Point Of Sale System. Consequently, they shall be able to gain most out of their Point Of Sale systems.

There is no hard and fast rule to use the best Point Of Sale features. Therefore we cannot suggest specific rules that should be practiced while using a Point Of Sale System. However the modern and best Point Of Sale system generally has similar common features and functionalities that retailers and their staff should be aware of. The Teranoid team has come up with acquainting its customers with the best Point Of Sale features. Further, we shall inform our readers about how they can get the most out of their Point Of Sale System.

Ring up Sales; best POS Feature

Certainly, the most common and best POS feature is to ring up sales. Therefore first retailers need to acquaint themselves with the sell screen. The sell screen might vary in different POS Systems. However, in order to ring up sales, retailers will have to follow these basic steps:

  • Add Products

Firstly retailers or their employees will have to add the products. The items can be added to the system depending on the way the POS works. That is to say, the employees can either scan the barcode of the product or search for the product in their system. Further, the POS systems offer shortcuts as well. Consequently, these shortcuts are for popular and trending products. Moreover, the cashier can add the amount of the products that the customer has bought.    

  • Apply Discounts

One of the best POS features is to be able to add discounts or sales. That is to say, retailers/employees should be able to apply it to the products. In other words, employees should be able to use their POS System to apply discounts. If the POS System does not have this feature, employees should see if they can add a discounted price manually.

  • Payment

Best POS Systems allow payments from various modes, for example, cash, cards, etc. Therefore, the payment procedure is quite simplified with the advancement in the POS System. Other features of the POS System include mobile payments, gift cards, loyalty programs, buy now pay later, etc.    

  • Inventory Management; best POS feature

Modern POS Systems come with the best feature of offering managing inventory. However, the specifics shall vary. But the best POS Systems that offer inventory management allows adding the list of the products and their quantity. Employees can add these products manually. However, some of the modern features allow more advanced features when it comes to managing inventories. For example, stock controls, managing multi-store inventories, re-order points, etc.

Effective Customer Management through the best POS System

Shoppers these days expect personalization from retailers. Therefore if retailers do not have CRM feature in their POS System, they are definitely lacking in something critical to their business. Consequently, the POS System allows employees to create customer profiles. These profiles contain customer data and their purchase history. Moreover, there are loyalty programs that retailers can offer to their customers. Consequently, this enhances sales because of repeated customers visiting the store. Therefore retailers should check if their POS System offers loyalty programs.       

Best POS Reporting Feature

Modern and advanced POS Systems have a reporting feature. That is to say, this feature generates reports about sales and inventory. The types of reports retailers are able to access depends highly on their POS system. However, there are some common reports that retailers are able to analyze. For example, inventory on hand, informs about low stocks, reports about how the products are performing, sales reports. Consequently, these reports make it easy for retailers and employees to get to know their best and most popular products. For example, they shall know about the products that are popular among customers. So, they can order those items more.

Further, the POS informs retailers about customer history and sales. Therefore retailers are able to know about the VIP customers as well as those who are not that actively shopping from the store. As a result of these reports, retailers and employees can plan their marketing strategies accordingly.

Conclusion

To conclude, retailers and employees should be curious about the technology that they are using. In other words, there are several technological features that go unnoticed because employees are not that involved or interested in learning. Therefore if retailers are already using POS System, they should ensure that they are using it the right way and utilizing all its features.   

How to Handle Chain Store Retail business?

Handling the chain store retail business is challenging and difficult. However, with the right tools and technology, retailers can successfully run their chain store retail businesses. In other words, it is achievable to manage chain store retail business effectively. In this article, we shall share the ways through which retailers can handle chain store retail business successfully.

Chain store Retail Business requires Managing Data on Cloud

Retailers should run the chain store retail business in the cloud. In short, the cloud system is not limited to one single machine. That is to say, retailers can access their cloud data anywhere with the internet connection. Therefore no matter where the retailers are, they can manage their multiple stores from anywhere easily. Moreover, the data in the cloud is updated continuously. Therefore the retail business information on the cloud such as sales and stocks is updated. Therefore the cloud system is very significant for retailers. That is to say, having the knowledge of every second regarding the business progress is very effective for retailers. In short, it makes retailers understand their business better and know where they can improve.

Further, the chain store retail business data is safe with the cloud. That is to say because the data is not stored in any device, there are fewer chances that the data might get lost in case the device gets stolen or stops working. Therefore retailers can use a multi-store Cloud-based Point of Sale System. This will help them manage their data easily in the cloud. For example, Teranoid provides you with its cloud feature. Further, it ensures recovery in case of any hardware failure. Moreover, it manages multiple stores through a single web portal.

Inventory Optimization for Retail Chain Store

Inventory optimization is essential in retail.  That is to say, retailers can know the number of products available in all their stores at any time. Consequently, retailers will be able to manage their inventory levels effectively in all retail stores. Further, in case of retailers cannot find the required product in one store, they can see if the other stores have the product or not. Therefore this way retailers can get the items shopped at their store or the customer’s location. So, it is essential that retailers should have an effective inventory management solution that makes it easy for them to provide inventory records instantly. This shall not just help retailers keep their stores in stock, but it shall also help retailers deal with their customers more effectively. 

Apply same Procedures and Techniques in the Retail Chain store

Effective Chain store management requires running the same procedures in all stores. Consequently, this makes the management of all stores easier. Further, it also provides the same customer experience. Therefore customers feel one with the brand even though they might visit various outlets. So, retailers should implement standard operating procedures in all their stores. In short, retailers should implement the same procedures for monetary transactions in their stores. Secondly, retailers should implement the same customer service rules in their stores. For example, employee training sessions, customer dealing techniques, etc.

Thirdly safety is very important for Retail Chain Store. Therefore retailers should make sure that their retail chain store is well equipped with security facilities. Further, employees and store managers should also be trained in complex emergency situations. Moreover, retailers should plan their layout and merchandise the right way. Designing and the store’s layout should be decided early on and implemented in all the stores simultaneously.         

Hire Proficient Managers & Workers

 Certainly, it is impossible for retailers to stay in all stores simultaneously. Therefore they will have to hire people who will manage the store and look after it. So, retailers should ensure that they hire the best people for their stores, who manage their stores effectively in their absence. Further retailers can hire people and train them according to their ways and needs. That is to say, retailers will have to spend a lot of time and put in the effort to train their employees the way the business demands.

Visit all stores

Regular store visits are essential. At times retailers neglect visiting their stores. But retailers should ensure that they visit the stores frequently. As a result, they shall be able to know how their stores are performing. However, if this is not feasible, retailers should continuously keep a check of their store’s proceedings through call.

To conclude, by following these above mentioned Retail chain store ways, retailers can effectively manage their retail stores.         

Daily Retail Store Tasks that Retailers must do

Retail Store Tasks

Certainly, good habits and practices lead one towards growth and progress. In the same vein, implementing good habits in retail stores shall certainly lead to better results and enhanced sales. Therefore there are several things that retailers should ensure they are facilitated with and prepared for. In addition, success is not limited to one single unit or factor. In other words, success comprises of several small factors. That is to say, retail store tasks can be very basic and simple, but if they are implemented the right way they can do wonders. Consequently, these factors lead to success in the retail store. Good habits and practices certainly lead one towards growth and progress. In the same vein, implementing effective retail store tasks shall certainly lead to better results and enhanced sales. Therefore there are several things that retailers should ensure they are facilitated with and prepared for.

What should Retailers do to manage Retail Store Tasks effectively?

Teranoid has come up with a list of things that retailers need to check in their retail store while implementing retail store tasks. Retailers should perform the following tasks daily in their retail store before the start of the day. Further store managers should ensure that they practice these tasks daily. However, employees and the store staff should also make sure that these tasks are implemented and practiced in the retail store daily.

Daily Retail Store Tasks for Retailers

The success of the retail store starts at the start of the day. Therefore retailers should follow the below-mentioned retail store tasks before the customers visit the store.

Retail Store Task includes Security Check

Retailers should check with the security settings. That is to say, they need to make sure daily that the security settings are implemented the right way in their retail store. Further, they need to inspect the store for any loss or damage while the store was shut. Therefore retailers need to perform the following retail store tasks at the beginning of the day.

  • Investigate the store properly
  • Ensure that the entrances are clear and without any element of suspicion.
  • Check the security footage
  • Further, check the security alarms
  • Moreover, retailers should keep their doors shut till the opening time of the store  

Tidiness & Cleanliness; essential Retail Store Task  

Retailers should make sure that their store is neat and clean. Firstly retailers should make sure that the retail store’s windows and doors are clean. Secondly, retailers should clean the shop floors as well so that the customers are provided with a clean environment. Further, the store managers should ensure that there is no spillage or extra material that might be dangerous for the customers. Moreover, the try rooms and other areas of the store should also be cleaned properly.

Check with the Electronic Devices

The managers should make sure that their electronic devices, appliances, and gadgets are turned on before the customers begin to enter the store.  

POS System

After that, retailers need to check with their POS System. That is to say, managers need to check that their POS System is working properly. Further retailers should also ensure that the POS System is secure and has not been accessed without approval.

Retail Store Products and Displays

Another retail store task involves checking of the products and displays. Enhancement in sales greatly depends on the way retailers place their products. Therefore it is essential that retailers should check the availability of their products and display of the retail store. In other words, retailers should check the arrangement of the products and their visibility and access.

Retail store tasks include Effective Retail Signage Management

Retail signage also influences the customer experience. Therefore the store managers need to ensure that the retail signage is in order. For example, promotional signage should be placed rightly. Further, if retailers have directional signage, it should be placed in the right direction. Moreover, tags are also essential when it comes to customer satisfaction. That is to say, it seems insignificant but is of great importance for the customers as well as the employees. In other words, the customers will not have to bother to ask the employees. In the same vein, the employees will also not have to bother about checking the prices again and again from the POS System.

Retail Store Employees and Strategy

One of the most significant elements of running the retail business is its employees. Therefore their motivation and encouragement are essential. Moreover, it is essential to provide them with the necessary information that they need to deal with the customers and handle store matters. In addition, retailers should assign roles to their employees. Further, they should monitor their progress.

Employee Marketing Skills

Employees boost sales through their marketing skills. Therefore retailers should educate their employees about the daily sales target. Further, retailers should also provide employees with the ways through which they can perform better and enhance sales.

To conclude, retailers, their managers and employees should adopt these daily retail store habits. Therefore the daily retail store tasks mentioned above shall help retailers in handling their retail store better and more effectively.        

Significance of the Retail POS

Retail POS

In the retail industry, retailers are certainly in need of certain gadgets. That is to say, there are certain technological gadgets that retailers must possess. To clarify, one of the most significant technological gadgets that retailers must have is the Retail POS System. Moreover, many retailers have used the Retail POS System many times.  

“It is a well-known fact that bringing in technologies in the retail sector is good for customers.”

– N. R. Narayana Murthy, co-Founder, Infosys

Retail POS System manages retail operations to a large extent. In short, it basically handles the transaction procedure. Further, they track sales, other retail record, manages inventory and performs several other tasks. Therefore, in this article, we shall discuss how and why Retail POS is significant for retailers.

Difference between a Cash Register & a Retail POS

Certainly, the Retail POS is way more advanced than the cash register. Further, it has several advanced and automated functions that retailers do not get using a cash register. Firstly, because the Retail POS manages and handles operations more effectively. Secondly, the electronic registers cannot perform the way a Retail POS system can. That is to say, they only track sales and cash.

On the other hand, a modern Retail POS performs the following functions:

  • Offers discounts
  • Monitors inventory records
  • Enables gift cards
  • Determines rush hours
  • Informs about most profitable products
  • Keeps check of sales forecasts

These are just a few of the many functions of the Retail POS system.

Significance of Retail POS for Retailers

Operational & Management Tasks

In retail, retailers are continuously in the process of operating and handling large quantities of data and information. So, without the help of an effective system, it becomes difficult for retailers to handle and save this large data. Retailers not only have to keep the sales records but also keep inventory level checks. Further retailers also need to keep track of customer data and discounts, gift cards and loyalty programs.

Reporting

Reporting is another lengthy and significant task that retailers have to perform and keep a record of. Therefore, the solution to all these operations is having a Retail POS that manages all these operations effectively and effortlessly.   

Time

“It has been my observation that most people get ahead during the time that others waste.”

– Henry Ford, Founder, Ford Motors

Time is another important factor that retailers have to combat. That is to say, performing tasks manually is time-consuming and requires effort. Moreover, the time spent in performing manual tasks can be utilized in performing other important tasks. Therefore, a Retail Point of sale system manages all the tasks that retailers or their employees perform manually. As a result, they can focus more on other aspects of the business while the Retail POS manages the tasks for them.      

Analytics

Companies and businesses miss out on a lot of data because it goes unused by retailers. However, the missed data could be used for useful purposes. As a result of the data being unused, companies lag behind their competitors. Therefore a Retail POS keeps track of all the data. Further, it monitors analytics and uses them for the benefit of the retailers.

Manages Sales Effectively

Certainly, Retail Point of sale processes and manages the sales and transaction process. Further, it generates receipts and reports. Moreover, it helps track popular products that generate more sales. Consequently, the business transaction becomes faster and more efficient. This way, the staff will be able to serve more customers in less time. Therefore the Retail POS certainly makes the retail store tasks simpler and easier.    

Handles Multiple Payment Options

Certainly, Retail POS manages multiple payment options. Customers can use the mode of payment that suits them. As a result, it helps enhance customer experience because it simplifies their transaction procedure.  

Enhanced Business Performance

Retail Point of sale performs several activities as mentioned above. In other words, it takes business operations to the next level. Certainly, an efficient Retail Point of sale performs functions that immensely enhance the customer experience, which in turn helps retailers beat their competitors.

Conclusion

Today’s Retail Point of sale manages retail operations effectively. Retail Point of sale is easily available. Retailers worldwide are benefitting from the Retail Point of Sale System. However, it is significant that retailers invest in good and reliable Retail Point of sale. Consequently, it will result in better operations and good and productive outcomes.

“People are always going to go shopping. A lot of our effort is just: How do we make the retail experience a great one”

–Phillip Green    

Point of Sale Marketing; A Way to Increase Sales

Point of sale marketing

Point of Sale Marketing

By point of sale marketing, we mean enhancing sales at the POS area. Therefore there are several stores that enhance their sales by leading customers towards purchasing at the Point of Sale. In other words, retailers can enhance their POS displays. That is to say, they can keep smaller and relevant items there that are easy to grab and eye-catching for the customers. Further, effective paths can also encourage customers to buy. That is to say, an essential element of the point of sale marketing is to create attractive paths. Further, these paths should contain displays holding useful and appropriate items.

What to consider while implementing Point of Sale Marketing     

In order to implement Point of Sale Marketing, retailers need to enhance their marketing skills. Although it seems simple to create displays at checkout counters. But it requires effective planning to implement the right way to attract customers towards purchasing at the POS area. In other words, retailers need to engage their audience. Further, they also need to create their displays in such a way that attracts and persuades customers towards shopping. In order to help retailers enhance their point of sale marketing skills, retailers can follow the following tips. These shall greatly help them to encourage their customers to shop from the POS displays.

Think of Attractive Ways to Display Products       

Retailers should think of ways that will present their products attractively. In other words, the product should be placed beautifully that catches the attention of the customers. That is to say, they need to make sure if the product should be hanged or placed on the display. Therefore retailers should analyze all the aspects of the product before planning to display the product. In other words, the product must be visually attractive because that is the first step towards grabbing customer attention.    

Easy Accessibility; an effective Point of Sale Marketing Technique

While displaying the products, retailers should place the products in such a way that they are accessible and in reach of the customers. That is to say, the item should not look overcrowded. Certainly, the space near the POS will be limited. Therefore retailers need to be very particular about the products they shall place in the POS area. That is to say, they should be able to place as many products as possible while taking care of the fact that the products are in reach of the customers.

Point of Sale Marketing requires Appropriate Placement of the Products

Placing products is very important. That is to say, retailers should be able to easily restock new products. Further, they should be able to clean up space easily. Therefore for this matter retailers should ensure that the design and set up of the displays have enough space. In short, the Point of Sale marketing should be such that it should be able to hold the essential and required products. Moreover, it should also be easy for the employees to restock and clean the displays.

Designing of the Point of Sale Marketing Displays

In most cases, the customers are mostly in line. But retailers need to plan an effective display and design that encourages customers to stop and purchase the products. In other words, retailers should create bold and attractive signage and imagery that is also the cause of leading customers towards purchasing.   

POS Displays for Point of Sale Marketing

Below we have mentioned a few POS display ideas that retailers can benefit from.

Counter Displays  

The space on the counter is most effective when it comes to displaying Point of Sale Marketing items. However, retailers need to keep in mind that they do not overcrowd the counter displays. In other words, these displays should not create hindrances in the customers’ shopping experience. Further, the option should not be immense. That is to say, retailers should not give so many options to the customers that they are unable to make a choice as to which product to buy. Further retailers should ensure that the counter is not causing a hindrance between the customer and the employee’s communication.

Standing Displays

Standing displays is a great option to draw the attention of the customers. For example, if retailers have stocked any new product in the store, they can place them on the standing displays. Further, any new book or monthly magazines that the store offers can also be placed on these standing racks.

In addition to these, there are several other ways of placing displays. For example, having a separate counter that presents samples to customers. Therefore, retailers should not stop promoting sales once the customers are in the store. That is to say, the POS sales persuade the customers at the last minute to purchase items that they might have forgotten or are in need of but had not realized.