Categories
POS System

How to Manage Your Retail Business Remotely With POS Technology

When you run a community business, you need to manage your operations anywhere. A point of sale (POS) system like POS+ from National Retail Solutions, Inc., helps you keep track of your sales. Storing your data on the Internet-based cloud lets you access business information from your phone or tablet. Our new POS app, My NRS Store, gives you the tools you need to run a successful business wherever you want.

Track Sales on the Go

If you work outside your store during operating hours, transactions happen even when you don’t work on-site. Understanding your sales in real time helps you make vital business decisions. My NRS Store records your transactions as they happen. It uploads your information to secure Internet storage that you can access with your device. You can see how many customers visit your store and what they buy.

Create Store Reports Whenever You Need Them

Our POS+ system manages your sales statistics so you can look at them whenever you need. The My NRS Store app keeps track of every sale that happens in your store and calculates your profits, average sales amounts and more. Your custom sales reports let you see how different departments sell during the time range you specify. They also show you the total number of sales and items sold to help you understand your business’ activity.

Manage Employee Permissions Anywhere

Sometimes, you need to change an employee’s access to your POS+ features outside your store. They may need temporary control over an aspect of your business when you can’t go on-site to help. In other cases, you could have a staff member who should have access to fewer features. My NRS Store gives you the power to change your employees’ permissions at any time. You can give or take away access as needed.

Maintain Vendor Relationships

When you use POS+ to manage vendor payments and shipments, you might need to see this information on the go. My NRS app gives you control over your vendor contact information and payment tracking from your device. You can even view and change your records when you visit a vendor, so you have accurate information in real time.

View and Edit Your Inventory and Pricebook

During re-supply trips, you want the latest information about your inventory and prices. My NRS Store can track the inventory numbers for items you choose and show you prices for every product in your store. When you need to change a price off-site, you can edit your pricebook from any place with an internet connection.

Do Business Anywhere With POS+ and the My NRS Store App

POS+ from National Retail Solutions, Inc. features powerful software you can access from your device. You can manage your employees, inventory, sales records and more in just a few taps. The POS+ bundle comes with all the hardware and software you need to keep up with the leaders in your industry. For more information about our point of sale system, contact our sales team today. Existing POS+ owners can download My NRS Store from the Apple App Store and Google Play for Android.

Categories
Small Business Tips

Benefits of Being Your Own Boss

Thanks to modern communication technology, workers have more self-employment opportunities than ever. Becoming your own boss gives you a multitude of benefits that let you live the life you want. When you partner with companies like National Retail Solutions (NRS), Inc., you can become an independent agent with professional support. Independent retail distributors love selling our services since our POS bundle is perfectly suited for independently owned retail stores. The distributor model gives you the opportunity to:

1. Decide Your Salary

A commission payment model lets you earn money based on your successes. The more you work toward your sales goals, the more opportunities you get to boost your paycheck. When you work on a contract basis, you also have the chance to combine incomes from more than one client. Companies like NRS that pay uncapped commissions let you get the most out of your earnings.

2. Set Your Own Hours

As an independent agent, you can choose when to work. If you have other engagements like parenting, caretaking or additional contracts, you get to move your schedule around them. Even if these situations don’t apply to you, anyone can enjoy the flexibility that comes with working for yourself.

3. Grow Your Career Skills

Self-employment gives you the opportunity to learn soft and hard skills in your industry. You can wow future employers and clients with your experience working in an independent role. Companies like NRS also offer training resources that help you succeed. When you work with clients who care about your performance, you can learn more career skills than ever before.

4. Create a Work-Life Balance

Since you decide when you work and how much you need to earn, you can create a work-life balance that suits your needs. You get to choose when you finish work for the day. As a result, you have time to focus on the important things in life, such as family, friends and community.

5. Follow Your Passions

A flexible schedule gives you the option to pursue the hobbies and projects you value. If you want to start a creative business, you can supplement your income with commission money. You can also spare more time for passions that give you fulfillment instead of earnings.

6. Get the Support You Need

When you partner with a company that wants you to succeed, you can get the support you require to do your best work. NRS provides every agent with selling tools and materials that help them make the perfect pitch. We also have training resources you can access 24/7, so you can get the answers to your questions anytime.

Be Your Own Boss With National Retail Solutions, Inc.

Thinking of making the switch to self-employment? Partner with NRS as a sales agent for our POS+ point of sale system, a comprehensive tool for small businesses. When you work with us, you give community retailers the resources they need to compete with big chains. Learn more about our distributor program today by visiting our applicant page.

Categories
Small Business Tips

Technologies All Retail Distributors Should Consider Selling

technologies retail distributors should sell

We use technology in every aspect of business — operations, management, communication and more. As a retail distributor, you aim to provide your customers with the supplies they need. Modern retailers have a broad range of technologies on their shopping lists. Depending on a business’ size and budget, they could want any number of technologies that will help make them more efficient and earn more revenue. Offering these classic and modern options will help you appeal to more customers.

Digital Pricebooks

An electronic pricebook lets retailers manage their product and service prices using software. They can combine it with a point of sale (POS) system to change prices for items scanned at checkout. Small businesses may have an eye out for their first pricebooks, while larger retailers could need an upgrade. Providing a range of pricebook software helps you provide businesses of all sizes the features they need.

Store Security Technology

Security technology also has various levels of complexity and beginner friendliness. Electronic article surveillance (EAS) systems detect when an unpaid item passes through its sensors. Cameras and motion detectors help a retailer understand customer activity during an incident. Your customers may want to combine security technologies or stay with one type.

Sales Data Software

Software that handles sales data can calculate trends for the user and record transactions. It helps small business owners understand their profits and losses so they can improve their operations. See which products are selling well and which products are not worth selling anymore. Sales data can also reveal your peak hours and even help you understand seasonal trends. Consider selling sales data software that caters to users of all skill levels.

Electronic Shelf Labels

Electronic shelf labels (ESLs) provide product information in a digital format. The retailer can use Bluetooth technology to edit the price labels on their shelves at any time. These devices save time when a business needs to change prices or sales.

EMV Card Readers

Most modern debit and credit cards now have EMV chips that protect the user from fraud. However, a store needs an EMV card reader to take advantage of this security. Every business can benefit from having this modern payment processor. Selling EMV readers shows customers that you care about their safety and stay on top of industry trends.

Comprehensive POS Systems

A point of sale (POS) system combines many of the technologies mentioned in this guide. Full POS system solutions include pricebooks and sales data, and have compatibility with EMV readers. Providing a cost-effective and comprehensive POS system will help you appeal to businesses of all budgets.

POS+: Affordable, Powerful Technology for Retail

At National Retail Solutions, Inc., we believe in empowering small businesses with affordable technology that makes sense. We provide solutions that help these companies succeed in competitive markets. Our POS+ system has a reasonable price and robust features on par with more expensive options. Our POS is perfectly suited for Convenience Stores, Bodegas, Deli Groceries, Liquor Stores, Supermarkets, Grocery Stores, and many other types of retail stores.

When you become a POS+ distributor, you work with a company that understands what community businesses need. Learn more about becoming a POS+ distributor on our agent program page.

Categories
POS System

How Many POS Terminals Should I Have?

how many pos terminals

When you want to add a point of sale (POS) system to your business, you may need to consider how many terminals to buy. You might feel that you need more than one checkout counter, but how do you know for sure? These indicators can help you figure out the number of POS stations you need in your store.

1. Consider Peak Customer Volume

The number of customers you have can decide how many checkout stations you offer. Instead of basing this decision on your average volume of customers, we recommend using your peak customer numbers as your baseline. When you have more business than usual, you want to provide the best service possible. Peak business times give you an opportunity to make a lot of money, very quickly. Having an adequate number of stations during these periods lets you checkout customers quickly and insure they have a good experience at your store.

2. Remember the Average Customer’s Preferred Wait Time

Another way to tell if you need more POS terminals is by looking at your customers’ average wait time. Long checkout lines discourage customers from completing their purchases and returning in the future. According to an extensive survey, customers feel satisfied when they wait less than four minutes, and their satisfaction drops when the wait lasts longer than four minutes. If you see that many of your customers have to stay in line for more than four minutes, you may need more stations.

3. Think About Your Employees’ Workload

Remember to check how your number of terminals affects your employees’ ability to do their jobs. If they seem overwhelmed during checkout and have little time for other tasks, you may need more terminals. On the other hand, if you never use one or more of your stations, it might be time to remove them. Ask your staff for their opinions about the checkout process. Do they consider the checkout process manageable, or do they need more resources?

4. Give Your Customers Enough Space

If you think you need more checkout stations, see if you have the room to add them. Crowding your checkout area with POS systems and cashiers can have the opposite of the effect you want. Balancing your capacity to serve customers with available space will ensure that they feel satisfied during every step of the process. Consider moving your checkout area if you need more space and checkout stations.

5. Leave Enough Counter Space

A POS terminal takes up counter space in addition to floor space. Make sure you can add more systems while giving your staff and customers the room to do business. Check the product measurements and use a measuring tape to plan your future checkout counter layout before buying.

A POS for Independent Businesses

At National Retail Solutions, Inc., we partner with small businesses to help them succeed. POS+, our comprehensive POS solution, gives you everything you need to make checkout simple. Our POS+ customers receive free BR Club loyalty program materials and can access resources like our Cash Advance service. For more information about our products and services, contact our sales team today.

Categories
POS System

Buy a Complete POS Solution for the Best Sales Experience

complete pos solution

When looking for a point of sale (POS) system for your business, you might consider buying used devices from a variety of sources. You can find separate pieces of equipment from vendors all over the Internet. While this option may save you money at first, it could hurt your long-term profits. Learn why getting a complete POS bundle will provide more benefits than getting separate parts.

What Can Happen If I Buy Separate Parts?

Putting together different POS parts provides fewer benefits than buying a full set of equipment. If you don’t have the technical knowledge, you could purchase parts that don’t work with each other. Even when you have the expertise to combine devices, you miss out on the software and support provided by a POS service. We recommend buying an all-in-one solution for the reasons listed below.

Buying an All-In-One Solution for Guaranteed Compatibility

When you purchase an all-in-one POS system, the company designs each device to work with one another. Their equipment engineers test every component to make sure they communicate. Your scanner, payment processor and other hardware all have designs based on specific software. Equipment that runs on the same software will offer a faster checkout experience than different devices pieced together.

Comprehensive POS Systems and Customer Support

Signing up for a POS service gives you access to customer support. If an issue arises or you have a question about your hardware, you can ask someone with the training to help you. Meanwhile, you have to figure out the answer yourself when you put the parts together. Most device instructions assume you have compatible parts, so you could have extra problems to face if you don’t buy a full equipment set.

Additional Services From Your POS Company

Did you know that the best POS companies offer more than software and hardware? These providers give you a comprehensive service package that can include sales support and additional programs. For example, at National Retail Solutions, Inc., we offer the BR Club loyalty program to every business that buys our POS+ system. This loyalty program gives small companies the ad materials and software they need to offer monthly discounts to their customers.

Giving Your Business a Professional Appearance

Having compatible equipment helps your business look professional to your customers. This benefit applies to appearance and efficiency. Equipment you use as part of a set has a similar look to other parts of the system. Thanks to the increased efficiency provided by compatible devices, your checkout experience will appear more put-together. This way, you and your employees can offer convenient and accurate service.

Your All-In-One POS Solution From National Retail Solutions, Inc.

At National Retail Solutions, Inc., we believe in offering quality products and services at an affordable price. The equipment in our POS+ system works with our unique Elmer software to make sales simple. POS+ has an affordable price and financing plans to help every business get started. Ready to learn more about our equipment and software? Talk to our POS experts today!

Categories
POS System

Questions to Ask When Deciding to Buy a POS

pos questions to ask

Every point of sale (POS) system has different features they offer to businesses. Since your company has unique needs, you want a system that helps you achieve your individual goals. You can ask a sales representative the following questions to understand how a POS will fit into your business:

1. What Hardware and Software Come With Your System?

When shopping for a POS, you can make the process easier by creating a list of the features you want in your system. You can then compare your list to the services and functions offered by a company. Hardware and software are two of a POS system’s vital parts. A POS that suits your business will include everything you need to start using it from the beginning. Ask about the software’s ease of use and whether equipment like a Cash Drawer, Scanner, or Receipt Printer are included.

2. Do You Have Add-Ons Available?

Some POS providers offer add-ons that enhance your experience with the system. These optional pieces of equipment and software features can add convenience for typical retail stores, and some add-ons can be of specific use to businesses in certain industries. For example, if you sell items by weight, an integrated scale will help you add up product prices. If your customers prefer to pay with a card, a card reader expands your customer base. Tell the sales representative about your needs to see if they have any ideas about an add-on that can help.

3. How Can Customers Pay for Your POS System?

Most POS system pricing models require a large upfront payment. However, many companies also give you the option to pay in installments. These financing plans let you make payments over a few months, so you can pay what you can afford each month. When a POS system’s upfront price seems out of your budget, check if you have any alternate payment options.

4. What Kind of Support Do You Provide to Your Customers?

Your experience with your POS system goes beyond the software and hardware. Many POS companies provide additional services to their customers that help them use their product. For instance, you can ask if they can give you one-on-one training on-site. You may also want to ask about the availability of their customer service so you can get assistance at crucial business times.

5. How Much Experience Do You Have With My Industry?

Just like any other business service, POS providers have more features for specific industries than others. Try asking a representative about the kinds of clients they serve. You can also see if they know about any features that would work for your industry. A POS company that understands your industry can help you tailor your POS to your business goals.

Let the POS+ Team Answer Your Questions

POS+ from National Retail Solutions, Inc. offers an affordable POS suited for small businesses. We partner with our clients to give them the advantage they need to compete with big chain stores. Our customer service team helps potential clients like you decide if POS+ will assist with growing your business. Get in touch with our sales department today to learn more.

Categories
POS System

Choosing a POS System

choosing a pos system

If you have recently been to a locally-owned store, a fair with vendors or even some bigger box stores, then you have likely interacted with a point-of-sale (POS) system. Increasingly, businesses are taking advantage of the many benefits the integrated hardware and software a well-designed POS system offers. By creating an easy and efficient experience for customers and employees alike, POS systems are revolutionizing the way businesses operate in the modern world.

A POS system is an invaluable component of any business’s success, and choosing the one that best serves your unique needs is a decision that requires careful consideration. To be competitive in the rapidly changing and technologically driven business world, your business’s POS system must provide a pleasant checkout experience for your customers and employees while also providing you with the analytics to help guide your business to success.

There are several types of POS systems on the market today, and all of them feature different benefits and limitations that must be weighed before you can make the best selection for your business. Over the course of this article, we’ll look at key factors and useful information to keep in mind as you go about choosing a POS system.

Do I Need a POS system?

do I need a pos

Before you can worry about choosing a specific POS system for your business, you want to make sure you need a POS in the first place. If you’re asking the question, you probably currently use a digital cash register and receipt printer or possibly even an old-fashioned cash register and handwritten receipts. You may have incorporated some more modern tools, like a barcode scanner or credit card reader, but these components may not all work together and often don’t take full advantage of current technology.

If you’re still asking yourself whether you need a POS system, the answer is almost certainly yes. This is because POS systems offer some significant benefits to businesses. Here are five of the reasons your business needs a POS system:

  1. POS Systems Use Current Technology

To make the customer experience at checkout as quick and easy as possible, it is necessary to make use of all the available tools at your disposal. This means being able to scan items, take credit cards and mobile payments, provide online rewards tracking and more. Twenty-first-century consumers require 21st-century convenience, and an old-fashioned register cannot compete with the speed and tech tools of a fully integrated POS system.

pos current technology

  1. POS Systems Are More Intuitive Than Older Hardware

For many businesses, training new employees on a complicated and outdated cash register or inventory system creates a significant cost in productivity and profit. Modern-day POS systems help to reduce this loss of time and money by creating a more intuitive and easily-learned user experience. Many POS systems can be tailored to suit your business’s specific needs and inventory, eliminating the often superfluous and always confusing extra buttons and functions of older systems.

  1. POS Systems Provide Real-Time Analytics

One thing every successful business has in common is that they are operating on up-to-date information and making data-driven decisions. A POS system will allow your business to do this as well by providing raw data and analytics reports. These reports can give you insight into vital statistics, such as your most popular products and busiest times of day, and thereby enable you to optimize your inventory and scheduling to take advantage of the natural ebbs and flows of your business. Without a POS system, trying to track this data and then make sense of it would be a very difficult process.

real time analytics

  1. POS Systems Enable Growth

As your business will inevitably change and grow, you may find that a more traditional checkout system hinders rather than facilitates that growth. With a modern POS system, the number of checkout positions can be altered relatively quickly, or other locations could be opened as the opportunity arises. In particular, cloud-based POS systems help to facilitate this sort of growth by allowing the synchronization of inventories and analytics across multiple locations. This is not possible with more traditional methods that would ultimately prove to be detrimental rather than beneficial to your business’s growth.

  1. POS Systems Can Save You Money

One of the biggest reasons to switch to a new POS system is that it can save your business money and increase profits. The end result of reduced training time, more pleasant customer experiences, data-driven decision-making and real-time analytics is the upward trajectory of your profits. Of course, buying a POS system entails an upfront investment or possibly an ongoing monthly subscription fee, but you should see an excellent return on your investment.

These aren’t the only benefits you can enjoy when you invest in a POS system. For instance, a POS can also help you manage taxes. Depending on the features your POS comes with, the benefits could be nearly endless.

How to Choose a POS System

how to choose a pos

While the benefits of a POS system are undeniable, not all POS systems are the same. Before deciding which POS system would be ideal for your business, you must determine what kinds of requirements your business has in the first place. One of the benefits of a POS system is that it can be tailored to suit your needs, so it is worth taking the time to determine exactly what those needs are before upgrading your current system to a POS system. Here are some questions to ask when buying a POS system:

  1. What Forms of Payment Do I Need to Accept?

You want to make sure your POS system is equipped to handle all forms of payment you expect customers to use and that your business is comfortable with. Current popular forms of payment that are likely to come to mind are cash and credit or debit cards. Every business should be able to take these payment forms, but possibly others as well. You may also want to consider having a POS that can accept payment from mobile wallet apps.

  1. Do I Need My System to Be Mobile?

Mobility can be thought of in two ways when it comes to POS systems. One is how mobile the POS system itself is, and the other is whether you have remote access to the analytics and other information associated with your POS activity.

To some businesses, physical mobility for the POS system isn’t important. However, if you’re a vendor who travels, mobility may be a top concern. As for remote access, this is a feature that is invaluable to any owners or managers who want to be able to check in on business and even make changes from any location.

mobile pos system

  1. Will Customers Interact With the POS System?

Something else to consider is whether you intend to use a POS system as an interface for customer checkout. If so, then you need to be sure the system can be optimized for your consumer-base. Will customers be able to see the cost of each item that is scanned, swipe their own cards, sign into a rewards profile or view digital ads?

All of these things are parts of the customer experience you will create through your POS system. Because these things may mean the difference between a returning customer and a bad review, take the time to consider everything you might want the customer to be able to do with the POS system.

  1. What Are My Inventory Management Needs?

Not every business has the same need for inventory management. For example, restaurants would require a different POS functionality regarding inventory than a retail store since restaurants keep track of ingredients used to make their products in addition to tracking the popularity of various dishes on the menu. Another example is a consignment store. Since there are little to no duplicates of the same product in this store, they wouldn’t track inventory the same way as a retail store that continues to stock the same items would.

Whatever your type of business, consider whether you would benefit from having a POS system capable of tracking your inventory and what sorts of inventory tracking tools would be most helpful. For certain retail stores like Convenience Stores, Bodegas, Grocery Delis, Liquor Stores, and Grocery Stores, sophisticated inventory tracking is a must!

  1. Do I Want My POS to Handle Promotions and Rewards?

If your business is interested in running promotions through discounts or coupons, then you must have a POS that can accommodate that variability in pricing. You don’t want employees to have to manually punch in changes in price each time a discounted item is scanned in. Some POS systems may even help you come up with store promotions, so you don’t have to.

You should also take into account any sort of customer loyalty rewards programs your business might offer. While these programs can be great incentives to consumers and boons to businesses, the variety they create in pricing and inputs at checkout requires an adaptable and user-friendly POS system to ensure things run smoothly. Some POS systems are equipped with a ready-made customer loyalty program you can take advantage of.

  1. Do I Need a POS System for Multiple Locations?

pos for multiple locations

If you currently operate multiple locations or see the possibility of expansion in your business’s future, then it can save a lot of headache down the road to start with a POS system that can synchronize inventory and sales figures across the locations to give you a fuller and more detailed picture of how your business is doing. Getting a POS system that works as a standalone unit would be great for a single location, but it might prove troublesome if you were to expand your operations.

POS System Cost and Setting a Budget

choosing a budget

Once you have determined what your business’s unique needs are, consider what portion of your revenue you can safely allocate to a new POS system. For some established businesses, a high upfront cost is easily absorbed, while new and still growing operations might find a smaller monthly fee more feasible. This factor depends on the size of your business and what you think is reasonable, though there are some general facts you should know:

  1. POS System Prices Vary Widely

As with anything, prices for POS systems exist anywhere on a spectrum ranging from free to thousands of dollars upfront, or hundreds of dollars a month. With the broad variation in price also comes a variation in quality and features. While there are certainly several options that can work for you, research and thought should go into your decision. Be sure to look beyond just the price tag to see what the experience of actual users has been like.

  1. Ongoing Monthly Fees Vs. One Large Upfront Cost

For some POS systems, such as the on-premise terminal units, a high upfront cost is to be expected. While this can work for some businesses, many businesses opt for cloud-based software services that incur recurring monthly charges. This ongoing charge ensures customer support as well as increased functionality with regard to future expansion and updates.

  1. Traditional Options Are Typically More Expensive

You may look at the price tags of some modern-day POS systems and wonder whether a more traditional cash register system might adequately meet your needs instead. Generally, this will not be the case. A traditional cash register is still costly and may cost the same as a more robust POS systems. The integration of software and hardware also means POS systems can be updated with evolving times and needs in ways that traditional systems simply cannot.

With these things in mind, take some time to determine a smart budget for your POS system so you make a good investment that will help instead of hurt your bottom line.

POS Types and Features

features of pos

With your business’s needs well-understood and a budget outlined, you should begin comparing the various features POS systems have to offer you. There are five primary types of POS systems that have some distinct benefits and limitations:

  1. Online POS Systems

This option carries potentially the smallest price tag, but accordingly, it also works best for low-volume businesses. This type of POS system uses your existing hardware, such as a desktop computer, laptop or tablet, and simply requires installing the POS software.

This type of system features great mobility if you are using a laptop or tablet and a low initial cost since you have your pre-existing hardware. Assuming your software is stored in the cloud, this option also gives you the ability to access your analytics from any device with internet connectivity. However, it does not offer much in the way of customer experience and does not work well for businesses that deal with large inventories and heavy customer traffic.

  1. Mobile POS Systems

This type of POS is designed to work exclusively on mobile devices such as touchscreen tablets or phones. Similarly to the online system, a mobile POS uses cloud technology and offers you the ability to access your data from anywhere you have internet access.

However, this POS system will typically require additional hardware as it is geared toward in-person customer transactions more than a solely online POS. This might include a card reader or barcode scanner. Since this system is made to be mobile, it can easily be transported from location to location, making it popular among vendors who frequent fairs or operate on city circuits.

  1. On-Site Terminal POS Systems

Stationary terminals offer the most familiar experience for consumer and employees by recreating the feel of approaching a traditional register while still incorporating contemporary technology. This POS system involves the integration and installation of dedicated hardware and software, making it more cost-intensive than the previous options. However, this steeper upfront cost carries with it the ability to handle much higher volumes of inventory and customer traffic.

This system is stationary, so you don’t have the mobility of the tablet or phone systems. Additionally, because this system is intended to operate independently of the cloud or support from the POS company, you may have a harder time updating the system or resolving any issues that arise. You would also need to be at the physical location of the system to access your analytics since the servers would be hosted locally instead of on the cloud.

  1. Cloud-Based Terminal POS Systems

The cloud-based terminal system sometimes carries with it the same higher upfront cost and lack of mobility as the on-site terminal system, but it resolves the issues associated with on-site terminal systems. Cloud technology allows your POS to be connected to the internet, opening up the possibility for support, remote data access and updates. This will enable you to maintain the efficiency and familiarity of the terminal system while also being able to peruse your sales data from anywhere, and receive ongoing support from your POS company.

The cloud-based terminal system typically has a monthly fee you pay to the POS company which helps keep the initial cost a bit lower and funds the software updates and support services you get.

  1. Self-Service Kiosks

Increasingly popular with restaurants and large retailers, self-service kiosk POS systems, although expensive initially, can potentially improve your business in a number of ways. The first and most obvious way is that they do not require an employee to be standing at them attending to customers at the checkout, which saves time and manpower. This system may also be more appealing to a customer who does not wish to stand in line and would rather make their purchase quickly and leave.

However, the self-service POS system may lead to confusion for the customers if there are many screens to go through or coupons or rewards to factor into their transactions. Again, this POS system is most popular among very large stores that use it as a supplement to their more traditional registers or terminal systems. This option, similar to the terminal options, has the potential to be connected to the cloud but does not necessarily have to be.

Choose the World’s Greatest POS System From NRS

choose the best pos system

If you own a small business and want to get the most out of a POS system, consider the POS+ from National Retail Solutions (NRS).

Our POS system is the perfect combination of being high-tech and user-friendly. It is also the best value on the market, so you can be confident you’re making a smart investment. Businesses that love our POS system include everything from bike shops, bodegas, dollar stores and delis to hardware stores, hair salons and more!

The POS+ is an all-in-one POS system, meaning all components are integrated to work together seamlessly. These components include a register terminal with intuitive touch-screen controls, customer-facing display screen, barcode scanner, credit card reader, cash register and receipt printer.

In addition to enjoying high-tech and easy-to-use hardware and software, you benefit from ongoing software updates and excellent customer support. You also gain access to the BR Club, a nationwide loyalty program used by independent retailers to encourage repeat business. If you want to choose the best POS system for your small business, take some time to learn more about the POS+ or contact us today for a free quote.

Categories
POS System

What to Spend on a Point of Sale (POS) System

cost of pos system

Like with any piece of equipment for your business, you are making an investment when you buy a point of sale (POS) system. However, how much of an investment does it take to get one? In this post, we will discuss the average prices of popular POS models and give you ideas for finding an affordable option.

Setting a Budget for Your POS Purchase

Every business has different financial needs. You may have money to spare on your equipment, or you might need help paying for a POS. When considering your POS budget, consider the potential benefits of a POS on your bottom line. A quality POS system can save you a lot of money through its inventory management software and by making your cashiers more efficient. Additionally, a POS can help you make more money by showing you valuable sales data and helping you create in-store promotions.

POS Payment Models

POS companies provide a range of payment options based on their software and equipment. You can learn about popular pricing models below.

Software as a Service (SaaS) Costs

A software as a service (SaaS) POS provides internet-based software for a monthly fee. The company manages and regularly upgrades the software for you, so you can focus on your business. Typically, monthly fees for the software can range between $50 and $100 and let you get ongoing support from the POS company. See how we can save you money on a POS with top quality software.

Upfront Payment Prices

If you have plenty of money saved up for your POS purchase, you may consider buying the equipment upfront. You pay between $1,500 and $2,500 all at once without any future payments. With no financing or monthly fees, an upfront payment model has one of the lowest prices over time for a POS system. However, you have to make a large first payment. There are also payment plans that will let you pay monthly towards the total cost of the POS.

Cost of Equipment Leasing

Renting a POS system involves the lowest upfront payment out of your options. When you sign a five-year lease, you can pay around $50 to $75 a month without any larger costs. However, you get whatever the company provides you, and you may not have the option to keep the equipment.

“No-Cost” POS Systems: When Free Isn’t Free

Some POS companies claim to provide “free” POS systems. However, we recommend that you read every detail in their contracts before agreeing to anything. These companies still require regular payments and may lock you into an agreement you don’t expect.

Low Price and Financing From National Retail Solutions, Inc.

POS+ from National Retail Solutions, Inc. is a SaaS POS with a competitive price. We help small businesses compete with the big-box stores by providing affordable, modern POS technology made for independently owned retail stores. POS+ provides you a bundle of all of the equipment you need. With an industry-low monthly software fee of just $19.95 and financing plans available, you get the tools you need to do business at a reasonable price. Find out more by contacting our sales team today.

Categories
POS System

A Definitive Guide to All Types of POS Systems

all types of pos systems

If you own or manage a small business, you need a way to facilitate your business transactions. The best way to do this is through a point of sale (POS) system. This article explains what a POS system is, the various types of POS systems and the hardware and software features you can find on the market today. We’ll also talk about some of the characteristics you should look for in a POS system.

What Is a POS System?

Let’s start with the basics. A point of sale system is made up of the hardware and software tools you use to facilitate a sale in your business. The point of sale is essentially the checkout process. In a salon, this may be a customer paying for the haircut they just received. In a grocery store, this may be a cashier weighing produce, scanning items and taking payment from the customer.

Of course, these examples only tell you what you see on the surface at the point of sale. Since most POS systems include software in addition to hardware, there are typically other things going on behind the scenes. For example, most POS’ can track changes in inventory when something is sold and sales analytics that help the store owner make business decisions.

what is a pos system

The software capabilities of a POS system depend on the particular system your company chooses to invest in. The amount of hardware the POS system includes also differs from system to system, but most at least include a cash register, terminal screen, barcode scanner, credit card reader and receipt printer. Though you need all these components, you’ll only find them all together in an all-in-one POS system. Some store owners opt to buy the components separately from various companies and then find a way to integrate them to form one complete POS system.

Notice that a POS system is not just a cash register. They include cash registers but encompass far more than just this one hardware component. Though some small businesses still rely on cash registers and calculators that print rudimentary receipts, modern-day POS solutions have rendered this way of doing things outmoded. POS systems take advantage of current technology to simplify the checkout process and track useful points of data.

POS Technology Types

pos types

Before we get into more detail on the possibilities for what types of hardware and software different POS systems can include, let’s look more broadly at a few different types of POS systems. We can categorize these systems primarily by the types of technology they use.

1. On-Site Terminal POS Systems

An on-site terminal POS system includes the hardware and software together that you need for the point of sale. When everything is on-site, the software is installed and kept on a server located in your business facility. The POS terminal may look like a desktop computer or like a touchscreen monitor. You can have just one terminal or a multi-terminal setup.

Though this system is a big step up from old analog methods, there are some downsides:

  • Lack of mobility: You must be on-site to view analytics reports, make any changes or check out customers.
  • No customer support: Another downside is that most on-premise systems don’t have a provision for software updates or customer support. You may be able to call the company to service your POS system if you have a problem, but it will likely cost you extra.
  • High upfront cost: These systems include a high upfront cost, typically thousands of dollars, rather than an ongoing subscription fee.

2. Cloud-Based Terminal POS Systems

A cloud-based terminal POS is similar to the on-site system, but these systems take advantage of internet access and cloud-based storage. Instead of your software being installed on a local server, the software for a cloud-based POS system is installed in the POS company’s remote data centers. The terminal itself is connected to the internet, though it will often only run the POS software, eliminating the possibility that employees will use it like a personal computer.

There are some notable advantages to the cloud-based terminal setup:

  • Remote access: It allows business owners to access software tools from any device connected to the internet, no matter where they are.
  • Automatic updates: It allows POS companies to update your software from their remote location.
  • Customer support: Cloud-based POS systems allow for automatic updates and tend to include more robust customer support services, so if you experience any issues, you can expect to have it resolved fairly quickly.
  • Affordability: Rather than paying a large amount upfront, with most cloud-based systems you instead pay a more manageable monthly subscription fee.

3. Mobile POS Systems

Mobile POS systems, sometimes shortened to mPOS, are quite different from the terminal POS systems we just discussed. They can be thought of as a subcategory of the cloud-based POS systems since they also operate on cloud-based software. As the name suggests, this type of POS system uses mobile devices, such as touchscreen tablets or smartphones. Typically, that isn’t the only piece of hardware you need. You’ll also want a card reader and possibly a receipt printer, though some vendors choose to stick with email receipts.

Mobile POS systems are becoming increasingly popular. In fact, the mobile POS transaction value is expected to grow by almost 30 percent annually. mPOS systems have some of the same benefits as other cloud-based POS systems in addition to these advantages:

  • Mobility: The mobility of this type of system makes it popular with companies that operate on-the-go, such as limo services, farmers market vendors, fair and craft show vendors, street food vendors and more.
  • Low cost: The software for mobile POS systems tends to be apps that have a low monthly subscription fee and charge a fee for payment processing. Some companies may send you a free card reader to use with the app.

The main downside to this option is that it is limited in its capabilities. It simply isn’t designed for stores with large inventories or other types of businesses that need a substantial set of tools for managing their sales. Retail stores with a lot of different products such as grocery stores, convenience stores, and liquor stores may benefit from a more powerful cloud based system.

4. Online POS System

Similar to the mobile option, an online POS system provides you with software while you use your own hardware. This could be a desktop computer, laptop or tablet. You can use a standard printer to print receipts. A card reader may or may not be a part of this setup. This type of POS system is really only suitable for low volume businesses. Otherwise, it lacks the efficiency you need to get customers in and out.

If you are not in a rush to check customers out, then an online POS system can work for youl. Here are a few benefits it offers:

  • Remote access: Like the cloud-based terminal POS, you can access your data and settings from anywhere. 
  • Potential mobility: The system can also potentially be mobile if you use a tablet or laptop instead of a desktop computer.
  • Low cost: Assuming you already have the hardware you need, only paying for the online software can make for low startup costs.

5. Self-Service Kiosk

Self-service kiosks, which facilitate the self-checkout process, are gaining popularity in big-box stores and restaurants. Certain small businesses can also benefit from this type of POS system.

Self-service kiosks are usually better for large stores that have the space for them and can benefit from the greater efficiency and cost-savings that come with customers checking themselves out.

Whether self-service kiosks are a good idea for your company really depends on the type and size of the business you run. Here are a couple of potential advantages of the self-service kiosk:

  • Fewer cashiers: Having a self-service kiosk on-site reduces the number of cashiers you need to have working at any given time.
  • Self-checkout option: It allows customers who don’t want to wait in line to work with a cashier the option of checking out on their own.

POS Hardware Possibilities

As we mentioned earlier, a POS system combines hardware and software. So what sorts of hardware can you expect with a POS system? At the very simplest level, Online POS systems require you to install the software on your own computer or tablet. However, most POS systems include far more pieces of hardware, such as:

  • Touchscreen terminal
  • Customer-facing display screen
  • Cash register/drawer
  • Barcode scanner
  • Label printer
  • Scale for items sold by weight
  • Receipt printer
  • Credit card reader

As part of a POS system, your hardware needs to be integrated to work together and to be compatible with the POS software. The simplest way to achieve this is through an all-in-one POS system.

POS Software Possibilities

The software for your POS system can vary depending on what type of system you invest in. While some features may be useful for just about any business, not all companies will need the same software capabilities. It’s important to know which features your business needs to thrive.

A survey of POS users found that the top reason users had switched to a different POS system was that the previous system didn’t have the right features, which demonstrates the importance of choosing a POS system that offers all the features you need. Here are some of the general features you may see available in POS software:

  • Employee management: POS systems can also help with managing employees. You can create profiles for each of your employees, which you can then use to help with tasks like scheduling and payroll and which employees can use to clock in and out.
  • Employee training: Some POS systems include training demos to help prepare new employees to use the POS system effectively and to offer customers an excellent checkout experience.
  • Inventory monitoring: Tracking your inventory is an essential feature for any retail store. Being able to track your inventory accurately allows you to reorder products when you need to keep them stocked and to see when certain products aren’t selling and may need to be discontinued.
  • Analytics: Analytics refers to the systematic analysis of data. POS software can use the data it has kept track of, such as inventory or sales, to form reports that can provide insight into how your business is doing and can help you make smart, data-driven decisions for the future. For instance, you may want to know the average dollar amount per transaction or what time of day you make the most or least amount of money.
  • Third-party integrations: Some POS software is capable of integrating with other software you use to help you manage your business, whether it be for accounting, email marketing or other tasks.
  • Payment processing: Processing payments involves hardware, such as your cash register and credit card reader, but can also benefit from software that recognizes a variety of payment methods. In addition to cash, credit cards and debit cards, you want to have a way of processing gift cards, EBT payments and digital wallet apps.
  • Customer loyalty programs: Customer loyalty programs encourage repeat business by offering customers discounts or rewards when they continue to patronize your company. Rather than keeping track with a stamp card or some other manual method, POS software is sometimes capable of maintaining a customer loyalty program.

What to Look for in a POS

what to look for in a pos

Now that we’ve established some different types of POS systems and various possibilities for what types of hardware and software a POS system can include, you may be wondering what you should look for in a POS system. The answer to this largely depends on your business. For example, mobility may be a top priority for you if you are a company that travels and sells at trade shows, whereas some brick-and-mortar stores may prefer their system to be stationary and secure.

While your specific needs will determine the best POS system for you, here are some features you should look for:

1. All-in-One System

An all-in-one POS system is made to work synchronously, which prevents issues when one piece of technology doesn’t integrate well with another. It also means you won’t need to pay different vendors separately for each component. Also, consider the hassle of having to call out different customer support technicians when you aren’t sure which part of your POS system is the source of a problem. Purchasing the system all together helps things run smoothly, saves you money and simplifies the customer support process.

2. Cloud-Based Software

There are numerous advantages to the cloud-based POS system, which we’ve already covered. As a reminder, cloud-based software means you can access it from any internet-enabled device, no matter your location, and that you can receive automatic updates from your POS provider. If you’re interested in a particular POS system, ask the provider if they will automatically update your POS system’s software for free whenever they improve the software.

3. User-Friendliness

You want the terminal screen and any software tools you plan to use to be easy to navigate. This means that, while some training may be required, the way to operate the system should feel fairly intuitive. This will help employees operate the POS system confidently and make fewer mistakes than they might if the system were complicated and confusing.

Contact National Retail Solutions Today

contact nrs today

The POS+ from National Retail Solutions is the perfect solution for companies that want to take advantage of all the benefits a POS system can offer. Our POS system checks the boxes above for what any small business owner should look for in a POS system and also gives you access to BR Club, a nationwide loyalty program for independent retailers. Our POS system offers the best value you can find on the market, so take some time to learn more about the POS+ or contact us today for a free quote.

Categories
POS System

Understand the POS Equipment You Need

understand pos equipment

A point of sale (POS) system brings together everything you need to manage your store’s sales. It includes equipment that helps you sell your products and services to customers, and track daily sales data and inventory. POS systems have hundreds of devices to add to your setup, but you may not need many of them. This guide will go over the most important equipment in a POS system.

Cash Drawer

A sturdy cash drawer helps keep your cash secure and will open and close every time without fail. The cash drawer also helps your employees sort cash so it is easy to find the correct bills and coins.

Receipt Printer

When you use a thermal receipt printer, you don’t need to buy ink. It uses heat on thermal paper to create receipts detailing your transactions, which makes record keeping easier. Some thermal printers also let you add a logo and store name.

Cashier Interface

A touchscreen display makes it super easy for cashiers to easily navigate through all of the checkout functions of your POS, so you can reduce errors and increase customer satisfaction. A POS should allow the cashier to easily find quick buttons for top-selling products, redeem coupons, and accurately calculate sub-total, taxes, and change due. The screen should show the cashier exactly what the customer is seeing so both the cashier and customer know how much each item costs.

Customer Screen

A large display screen shows the customer every item you scan and their prices, as well as the total. Some stores use a small display that shows customers the cost of the current product. However, you can enhance the checkout experience with a large screen that shows more information. The customer screen should also show the customer how much money he is saving from in-store promotions, and if he needs to buy more in order to save on quantity-based discounts (“Buy 2 and Save”).

Price Scanning

Do you use a keypad to enter your item prices? A barcode scanner simplifies the checkout process by letting you pass an item across the scanner instead. Using a scanner saves time at checkout and adds up to many saved hours over time. Look for a scanner that reads items from multiple directions and has a fast processing time. These features create an even more efficient checkout process. If you sell items by weight, a scale combined with a scanner can weigh and calculates prices at the same time.

Payment Processing

Many customers rely on payment cards instead of cash. Providing the option to use a card increases the number of customers who can buy from your business. An EMV card reader takes credit and debit cards so you can accept more payment forms. For the best results, you want a reader that processes all major cards and EBT payments. Some readers even accept mobile payments like Apple Pay and Android Pay.

Get All These Features and More With POS+

The POS+ bundle from National Retail Solutions, Inc. (NRS) includes all of the high-quality equipment you need for quick and accurate checkouts. When you buy the system, you receive the following equipment:

  • Heavy-duty cash drawer
  • Thermal receipt printer with custom receipts
  • Register touch screen
  • Customer-facing screen
  • Lightning-fast barcode scanner
  • Optional Scale
  • EMV card reader (free with three-year agreement)

We provide everything you need in one package and let you choose add-ons if they suit your business. Also, when you buy POS+, you receive comprehensive customer support from NRS. To learn more about the options we offer, contact our sales department today.