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Small Retail Big Profit: How to Grow Your Business with Technology

Date post: 08-Aug-2015
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SMALL RETAIL BIG PROFIT HOW TO GROW YOUR BUSINESS WITH TECHNOLOGY
Transcript

SMALL RETAIL

BIG PROFITHOW TO GROW YOUR BUSINESS WITH TECHNOLOGY

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UNDERSTAND THE VALUE OF INVENTORY MANAGEMENT

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UNDERSTAND THE VALUE OF INVENTORY MANAGEMENTEffective inventory management software will help you:

• Operate with fewer people during peak season.

• Decrease inventory spend by up to 40%.

• Create purchase orders in a fraction of the time.

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TREAT YOUR EMPLOYEES AS AN ASSET

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TREAT YOUR EMPLOYEES AS AN ASSETAs salespeople ring transactions, your POS can help you track:

Measuring these data points empowers you to make sure you’re optimizing your retail team and rewarding those who go above and beyond.

• What products you’re selling.

• Customer purchase history.

• Sales team performance on an individual basis.

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CATER TO YOUR MOST IMPORTANT AUDIENCE:

YOUR CUSTOMERS

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CATER TO YOUR MOST IMPORTANT AUDIENCE: YOUR CUSTOMERSModern retail technology can help you always be personable with your customers by making it easy to:

After all, “Hi Kristin! How did those shoes work out for your half marathon?” sounds a lot better than, “Can I help you with anything?”

• Enter key demographic information about customers.

• Automatically store customers and transaction history.

• Enter comments based on qualitative customer information.


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