The POS Software Blog

The POS Software Blog

News from Tower Systems about locally made POS software for specialty local retailers.

Categorynewsagency software

If your shop is quiet this week here’s a perfect use of spare time: reduce the dead stock weighing you down

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We showed a retailer that more than 25% of the stock in their business was underperforming to the point that it was seriously loss making. There’s a tab on our insights dashboard that shows this.

This first week of the year is a good time to check it, to see if you have dead stock in your shop.

You don’t have to run a report or analyse data in any complex way. Click on the tab and it’s there for you, good or bad.

In the business mentioned above, the dead stock represented more than forty thousand dollars, $40,000, sitting, waiting, doing nothing, failing.

Tower Systems is not your usual POS software company. Sure, we show how to use the software. But, we also offer advice from a business management perspective – how to use the software to drive value for the business and its owners. We do this from the position of being retailers ourselves. We can speak to our experiences in our shops.

We own and run shops where we use our software ourselves.n We provide practical advice to our POS software customers based on our own experiences.

That’s what we do in this dead stock situation. Plus, we draw on decades of practical help to other retailers.

Our advice is to look at dead stock / the age of stock every 3 months. You soon learn the value of buying based on data evidence in the business and being cautious when exploring new product lines.

Your software can guide you to make decisions more likely to work, and less likely to result in dead stock.

We have been working with retailers for many years and continue to be surprised at the disinterest of many retailers in the extent and cost of dead stock in their businesses.

When we bought a retail business a few years back we had written into the contract a cascading discounts for existing stock based on its age beyond 6 months. In that business, more than half the stock had been there for 6 months.

Dead stock costs the business today, and when you come to sell.

In our POS software and thanks to our personal training we help retailers reduce the cost of dead stock in their businesses.

More newsagents switch to Tower Systems newsagency software in bumper year for the company

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2023 has been a terrific year of newsagency rooftop growth for Tower Systems as many newsagents have switched to the Tower newsagency software.

While the company has dominated the newsagency software space for decades, there has been a further shift in 2023 as some others have faded in terms of investment in newsagency software advancements and in service delivery.

Tower has continued to innovate for newsagents in 2023 both through its retail management software for newsagents and the app it has delivered for newsagents to serve several key areas.

We are proud to be the only newsagency software company to own and run newsagencies, which we have done since February 1996. Here are 10 of the many reasons we know newsagents are loving our software:

  1. Save money on EFTPOS fees.
  2. Easily link to more suppliers electronically.
  3. Pathways for expanding the shopper appeal of the business.
  4. Smooth, accurate and safe workflow at the sales counter.
  5. Exclusive smart greeting card reporting Embedded in our software is category / segment level reporting that newsagents are using to grow card sales 25% and more. That’s money in the bank.
  6. You can bank on loyalty. Our fresh and successful approach to loyalty can help you drive a deeper basket and bring people back sooner.
  7. Safe decisions make for a better P&L. From data feeds from suppliers through to Xero, we help you nurture data for the safe decisions.
  8. Not every shopper will walk past your door. A seamless connection between your software and a beautiful website can help you sell to people you will never meet. We develop websites for newsagents.
  9. Easily accessed personal service. A key reason 4 times more newsagents have chosen Tower than any other software is customer service. We are here for you, with you, every day.
  10. Current software. Current technology. Fresh, current design.

Aussie newsagents are tracking well, with many growing, expanding their appeal and becoming even more efficient. Smart tech is at the heart of the transformation we are seeing working well for newsagents as they expand beyond what has been traditional for the newsagency channel.

These are good years for newsagents, especially those playing outside of what has been traditional for the channel. We are grateful to be playing a role in helping close to 1,800 newsagents play in ways that are relevant and enjoyable in Australian local small business retail today.

Have you got stock hiding in boxes in your retail shop? It’s time to put it to work or let it go

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Have you got piles of stock tucked away in boxes, gathering dust in your garage or under shop tables? If so, you’re not alone. But if you’re serious about making a profit, you need to get that stock out on display where customers can see it.

It seems obvious to write, but some retailers still don’t understand this basic principle of business: stock that’s hidden away isn’t going to sell. If you’ve got stock sitting in boxes because you don’t have room to display it, it’s time to re-evaluate your purchasing decisions.

Think about it this way: every dollar you spend on stock is money you could be using to pay bills or invest in your business. So, before you buy any more stock, ask yourself:

Do I really need this stock?
Do I have room to display it?
Can I realistically sell it within a reasonable timeframe?
Is having this stock in my shop going to be valuable for the business?

If the answer to any of those questions is no, then don’t buy it.

Some retailers buy stock to impress sales reps or make their shops look busy. Others buy stock to make themselves feel better about their businesses. Some retailers buy stock because they are lonely. These are all the wrong reasons to buy stock.

There are even some sales reps who know they’re selling stock to businesses that don’t need it. Shame on them for putting their own financial gains ahead of the well-being of their customers.

If you don’t know the value of the stock in your business, it’s likely you have too much stock. A good but very basic rule of thumb or starting point of s=consideration at least is that stock should not be more than 20% of your total annual revenue from those products.

If you have boxes of stock that you haven’t opened in six months or more, you have too much stock. And if your back room, garage, or under-display table space is filled with boxes, you’ve got a big problem.

The best way to deal with an overstock of inventory is to stop buying new stock and focus on selling down what you already have. Don’t get emotional about it – just make a plan and stick to it.

If you don’t address the issue of overstocking, it will eventually overwhelm you and your business. Don’t let that happen. Take control of your inventory and watch your profits grow.

Yes, we’re a POS software company. We own and run shops, which is very rare for any of our competitors. Our daily experience in retail helps us better serve our customers in the software we make and the support we provide.

Advice most POS software can’t or won’t provide

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Since we own and run shops in which our Tower Systems POS software is used and in which we live the retailer experience personally, we have a perspective that is close to our customers than most POS software companies. It also gets us working with other retailers. It’s that personal contact that prompted us to share this advice and  stock holding and, in particular, being over stocked, with our customers:

Stock in boxes in the back room, in a garage or under tables in the shop will not sell unless it is displayed.

While this will be obvious to most, there are some retailers who don’t get it.

If you do have stock in boxes and no room to display it, consider pausing spending to give you time to convert those purchases to cash.

The alternative is that you do nothing, and your ability to pay bills is impacted.

It’s your business. You choose when to spend and when to not spend.

Some retailers buy friendship through their purchasing. Others like to look busy with a shop bursting with stock. Others buy to feel better about themselves. Spending for any of these wrong is not helpful to the business, not helpful top you.

There are sales reps who would know they are selling stock to a business that does not need it. Shame on them. Shame on them putting their own financial rewards ahead of the evidence of an overstocked and financially stressed business. Sales people doing this are no friend of the business owner.

If you don’t know the current value of the stock in your business, it’s likely you have too much stock.

So, what’s the value of your current stock on hand?

If the value of your non circulation product (magazines and newspapers) stock right now is more than 20% of the total revenue you will make from it in a year, you probably have too much stock. The actual percentage will vary by product category.

There will be some who say the 20% figure is inaccurate and unhelpful. I have tested it in a few businesses and it is a reasonable first step guide.

So, what’s the value of your current stock on hand? Start there. Then look at your non circulation product revenue for the last year. The numbers will support what you currently see in your shop.

If you have boxes of stock that you’ve not opened for six months or more, you have too much stock. If your back room, garage and or under display table space is filled with boxes you have a problem.

The best way to address being overstocked is to stop buying and sell down what you have, and to do so without emotion.

The alternative is that you do not address the issue and the issue swamps you and your business.

It’s black and white – in your numbers and in your business.

This is one example of the practical way in which our POS software company engaged with retailers.

A first for local specialty Aussie retailers: self-checkout POS software

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Tower Systems has developed a self-checkout POS software specifically for local small business specialty retailers. This software allows small businesses to offer self-checkout to their customers in a way that is beneficial to their business. It is available now for retailers in Australia and New Zealand.

With Tower’s self-checkout POS software, customers can scan their items, make a payment, and receive a receipt. They can also scan their items, save the sale, and then complete the sale at the main counter if they prefer.

The self-checkout POS terminal honors all special prices, catalog prices, and other settings configured by the retailer. It also offers the same loyalty program benefits that customers can access at the sales counter.

The software is available for a low monthly rental fee that can be canceled at any time. This rental fee is per location, so you can run multiple self-checkout terminals for the same price.

Integrated EFTPOS is required for the software. Tower will initially offer integrations with Tyro and Linkly Cloud (the major banks).

When you first use Tower Systems’ self-checkout POS software, you will go through a setup process that includes uploading your own startup and sale close images. You have complete control over these images.

Tower Systems sells self-checkout computer and stand options separately. You can also purchase the computer hardware from elsewhere.

Why Use Self-Checkout in Local Small Business Retail?

  • To easily handle sales during busy times of the day for customers who don’t need counter service.
  • To open up another service lane during busy times of the year without hiring additional staff.
  • To project an image of a modern and forward-thinking business.

Tower Systems is grateful to its teams of software developers, hardware specialists and retail experts who have worked together to bring this opportunity of self-checkout POS software to life for local small business retailers.

The innovation delivered in this solution is considerable as it is build on a fresh software platform that utilises the latest tech available for in-store retail settings.

Tower Systems is a specialty retail POS software solutions provider delivering solutions across sixteen different retail challenge including jewellers, garden centres, bike shops, toy shops, sewing shops, farm supply businesses, landscaping businesses, pool maintenance business, newsagents, pet shops and bike shops.

Now for a Q&A on self-checkout.

Is there a camera? What we have created is self-checkout POS software. It’s not integrated with a camera. We have left the choice of a camera up to each retailer to consider.

Could I run this in a pop-up shop? Yes, you could. All that is needed that the self-checkout is network connected to the main software.

Could I run self-checkout and nothing else? No, you need the base Tower software to manage the back end.

Is there anything that I might want as a retailer that the self-checkout software does not do? It does not do customer quotes or invoicing to a customer.

What if I want to use it for a couple of months of the year only? Easy. Rent it for those months and suspect rental, and costs, for the rest.

Can I test it to see if it suits? Rental is so cheap it’s costs little to try.

Can I run this on a regular computer? Yes.

The POS screen appears to be in portrait more. Is that all you offer? No, you can run it in landscape as well.

Am I able to report on sales only through the self-checkout terminal? Yes.

Can I suspend a sale and finish it at my traditional sales counter? Yes, a staff member can suspend the sale so it can be completed at the counter.

Afternote: true to form, a small former competitor has commented they did this first, years ago and cite evidence of others.

The thing is, in our specialty retail marketplaces, what we have delivered is a first and we are proud of that.

Retail business advice: make every day your pay day

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This is advice we first shared many years ago. We have updated it, updated it more, and updated it again this morning.

We think this is the best advice we could give any local small business retailer as it focuses you on what matters most – nurturing daily value from your business.

Everything you do today has to about making money today because what you make today may matter more than what you make when you sell your business.

Let’s get into it:

Retail business advice: make every day your pay day.

It starts with the mindset of every day being your pay day. Every decision needs to be considered in this context.

Here are some suggestions for making every day your pay day:

  1. Make your shop happy, appealing. Play good music. Smile. be happy to be there. Greet shoppers. Offer free samples. Be engaged.
  2. Make sure your sales counter maximises the opportunity. Keep it efficient. Pitch products that are easily understood and easily bought on impulse.
  3. Charge more every time you can. Where you can, charge more. Even and extra 1% or 2% can make a difference. In our experience, price is often not the factor retailers think it is.  So, look at your prices for opportunities to increate margin.
  4. Get people buying more each visit. Look at what you have where and make sure that key traffic lines have impulse purchase opportunities along the way.
  5. Stock what sells. Use your data. Make sure you don’t run out of good selling items. 75% of retailers miss revenue by not having items shoppers want when they want them. Buying stock based on evidence is more valuable than buying based on emotion.
  6. Be cleverly frugal. When you are considering spending money, think about the value for the business from the spend. Think about the return you could get and the speed of the return. Have some checks and balances in spending decisions to slow them down.
  7. Seek out new customers. New customers are the future lifeblood of any retail business. Attract them with smart and entertaining social media posts, a window display that plays outside what people expect from your shop.
  8. Run with the leanest roster possible. Just about every retail business we review has capacity to lower labour costs. Trimming the roster can come at a cost for the owners – putting in more hours.
  9. Bring people back sooner with a thoughtfully calibrated loyalty offer that funds itself, and drives value. Every retail business needs a core action designed to bring people back. A timed loyalty offer, which expires, is a good way to do this.
  10. Have your best people working the floor, helping customers spend more. Today, retail is not about may I help you. Rather, it is about engaging with the products and subtly showing them off, like theatre.
  11. Have at least one stunning display that attract people from outside the shop, a display people talk about.
  12. Buy as best you can. Take settlement discounts where possible. Pick up supplier offers. never pass on your better buying to customers, unless it suits for some event you are running. Oh, and with this advice about buying – only do it for items you know you will sell for buying product at a discount and having it on the shelves too long is too much of a cost for the business.
  13. De-clutter. Sometimes the best way to be able to see your business and what it can do is for you to have less to look at. This means getting rid of dead stock, dead fixtures, dead corners of the shop. Always be trimming, cleaning and looking.
  14. Change. Every day in your shop change something. Get known as the shop that is never the same. This can be a reason to visit for some shoppers. If you run a  business that rarely changes, you give people a reason to walk on by. So, every day, make a change or two. Encourage your team members to suggest changes. By moving a small stand from one part of the business to another could get it noticed and boost sales.
  15. Stop all busy work. It is easy in a local small business retail to get caught up in doing things. Often, things can be what you do to be busy. Being busy is only good if it is profitable, productive. Declutter your schedule.

Be responsible for the profitability of your business. Don’t blame your suppliers, your landlord, your employees or some other external factor … it all comes down to you – the decisions you make and the actions you take.

By making every day your payday you bring focus on what matters today and what will matter when you’d decide to sell your business.

Doing all this relies on your measuring the performance of your business. The Tower Systems POS software helps with this. It is easy.

My name is Mark Fletcher. I am the owner of Tower Systems. I also own retail shops and several online businesses. Every day here at Tower Systems we live what we say, in our software company and in our shops. We make mistakes, and learn from them. It’s some of those mistakes that got us thinking about this, about the approach of making every day your payday.

While our core mission is to grow the customer base for Tower Systems, we know that key to achieving this helping retailers. Plenty of the help we provide is not software related.

In sharing this advice we demonstrate a care for local small business retail and a transparency as to the advice and help we provide.

https://www.linkedin.com/in/mark-fletcher-tower/

Tower Systems first with Linkly Cloud POS software integration

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We are grateful for the opportunity and proud to deliver a world first – a POS software integration with Linkly Cloud.

That’s right, we have retailers live with our Tower Systems POS software connected to Linkly Cloud for EFTPOS transactions.

Tower Systems makes POS software for specialty retailers in a range of local specialty retail channels.

Linkly is all about Making every payment seamless.

Together, we have delivered a solution that helps retailers save time, cut mistakes and more easily compete with big business.

Local retailers keen for a seamless payee its integration and needing a POS solution that is capable, functional, enhanced and reliable – the Tower Systems Linkly Cloud partnership is worth considering.

Tower Systems integrated EFTPOS, connects your Retailer Point of Sale with your EFTPOS terminal, making it the fastest and easiest way to sell.

Tower Systems is not prescriptive to its retail business customers as to what payment gateway must be used. We let our retailers choose what is right for them. There is no financial penalty flowing from their choice either. Payments is their choice. We focus on making money from our software.

Being the first in the world to deliver this solution sees us helping those who will come after us. We’ve made it easier for them. We love being the innovators and appreciate the opportunities this affords us along the way.

Our purpose is to empower local retailers to thrive.

Almost everyone working at Tower Systems has experience working in local indie retail. All of our customers get a say in software enhancements.

We know the more we help local retailers thrive the more they will help us thrive.

We know that our software can make a difference in businesses for which it is made, and that our training and support can help businesses thrive.

Our software is made for specialty retailers, retailers in a range of channels like jewellers, garden centres, bike shops, toy shops, newsagents, pet shops, music shops, sewing shops, clothing shops, pool maintenance shops, garden landscape businesses, produce businesses, stockfeed businesses and fishing and outdoor shops.

If you are looking for a secure, fast and time-saving payments integration, Linlkly Cloud connected to the Tower Systems POS software is worth considering.

Newsagents are changing the local Aussie newsagency into something you may not recognise

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Hey happy Sunday Afternoon. My name is Mark Fetcher. I own Tower Systems and, since 1996, I’ve also owned and run a few newsagency businesses. I guess you could call me a newsagent. But I see the terms newsagent and newsagency as loaded with assumptions in the minds of listeners. Too many people think they what they were decades ago.

They are not.

If you think the local Aussie newsagency is dead, dying or has no future, I am writing this for you. Please take a moment to see that the reality may not match your assumptions.

Oh, and before we get too far, my POS software company makes software for newsagents to help them run more successful and relevant Newsagency businesses. We’re good at it too with three times more newsagents using our software than any other software company.

Now, back to my thoughts about how newsagents are changing their newsagency businesses.

Sure, some newsagencies have closed. The channel remains the biggest independent retail channel in Australia with 2,500+ retail outlets.

Today’s Aussie newsagency is more of a gift and homewares shop than ever before. It offers fun and on-trend gifts from impulse items to collector pieces worth thousands. Yes, there are newsagencies selling items worth thousands of dollars.

You’re still likely to see papers and magazines somewhere, but they are not the traffic drivers they once were. Also, the margin newsagents make from these is paltry as publishers have not kept up.

Some newsagents are big in coffee, and often it’s the best coffee in town. Some are big in pop culture, often being the local go-to shop for licensed product like Pokémon, Harry Potter, Disney and more.

Some are big in self-care, often bringing new brands to town and offering ethically sourced products from small makers.

Some are bookshops more so than newsagencies.

Some sell clothing.

Some are the best toy shop around offering fresh new toys and traditional family-loved staples.

One I know is an awesome baby shop in country Victoria.

Many have online shops that often are not selling the same products as you’ll find in the physical shop.

The local Aussie newsagency has changed, evolved. It’s most likely not what you think. But it is sure to have the best range of cards in town, in the entire region. And, many of these cared are designed and printed in Australia, with words from Australian writers. This matters because the local Aussie newsagency continues to help local Aussies express themselves, provide a hug well into the future as those cards given are usually kept.

If you think the local Aussie newsagency is dead, an old business or out of date, seek some out, see for yourself, and while you may find the odd one out of touch or challenged, most you visit will be vibrant, relevant, fun and appreciated. You’re likely to find businesses that challenge the expectations of the newsagencyshingle. That’s okay. What’s in a name anyway?!

Please don’t let your memory of years ago cloud what the local Aussie newsagency is today.

In other news, Tower Systems, has delivered more websites for newsagents. Here are some of the recent new websites:

In my own shops we have a number of websites doing terrific business:

All of these are connected to our newsagency software for syncing of inventory and sales between the physical and online shops.

See, the local Aussie newsagency has changed, often thanks to smart tech helping newsagents lead these changes.

Christmas marketing tips for local small business retailers

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It’s November 1. The countdown to Christmas is well and truly under way. The next 8 weeks are probably the most important weeks of trade for most retailers.

Here are some free tips to help you make the most of the opportunities, to help you separate your business from the Christmas noise.

Over the next 8 weeks most retailers will pound hard Christmas products, sales and opportunities. Many will be loud, screeching for people to look at them. In local retail businesses it’s hard to compete with the noise of national retailers.

The best advice we think we can give local retailers is to have fun, enjoy yourselves, help customers enjoy themselves.

In your social media posts, focus on having fun and sharing joyful stories.

In your window, be local, shine a light on local talents from kids to retirees. have your shop software people want to visit to see their friends and neighbours and themselves reflected.

In your shop be sure to keep it light, relaxed and fun.

We could give you a list of things to do. Not this year. This year we think you’ll get more value from a relaxed and fun-focussed Christmas season. let the others do the heavy lifting with Christmas noise. In your shop let people relax and catch their breath.

Being calm and relaxing will separate your shop, get it known for being this place rather than the shrill and bustle of Christmas retail elsewhere.

Make it easy, too. People often talk about how hard Christmas is. Be the business that makes it easy. The ways to do this are have bundled gifts ready to go, pre-bagged or wrapped, with some card selections that are relevant, offer easy payment options including buy now pay later, free wrapping, better shop floor help, guide buying advice or tips on perfect gifts no one else will think of. Consider making Christmas easy as being a key part of your messaging.

You could also help your shoppers help others. Setup a whiteboard or sheets of butcher’s paper, yes keep it simple. Get customers to write gift suggestions under different age/gender groups. For example: Girls 18 – 25, Boys 55+. Encourage your customers to help each other.

Stand out this Christmas by being different, calm, relaxed, fun. Shoppers will notice this, and appreciate what you have done.

Have an awesome run up to Christmas!

$0 transaction fee POS software

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Savvy retailers are price comparing POS software and gaining a better understanding of the cost of ownership of the software as the cost of ownership includes monthly rental cost as well as fees imposed on transactions and costs associated with any required payments platform.

Here at Tower Systems you can choose the payments platform you prefer, for no cost.

Our POS software connects with Tyro, Linkly, Linkly Cloud, MX51, CentrePay, SmartPay, Quest and others. These are integrations, saving time, cutting mistakes and offering seamless engagement.

There is no payments charge when you use our POS software. Tower Systems has a $0.00 transaction fee cost.

There is no payments platform requirement when you use our POS software.

This is why the total cost of ownership of the Tower Systems POS software is less than plenty of comparable products.

If you are looking for POS software for your business, do your homework, check out pricing, all the pricing, compare and decide what is functionally and financially right for your business.

When you compare our POS software to others, ask the question about payments fee or transaction fee or any percentage surcharge on transactions.

We think software companies should make money from software and not from each transaction a retailer makes in their business.

We also think that transaction fees and payment fees are like a tax, an awful tax, and impost on your business for making sales. It’s why we have taken the approach we have and why we are so transparent about it.

We don’t have the marketing funds to match the POS software companies that do charge a transaction fee. We rely on word of mount and other grass roots marketing. we’re doing okay, too, for which we are sincerely grateful.

Now, to be very clear, Tower Systems does not charge any fee whatsoever for transactions or payments. Nothing fee for debit cards. No fee for credit cards. Tower Systems has no fee whatsoever for any form of payments put through its POS software.

Ultimately, the best POS software for your business will depend on your specific needs and budget. Be sure to compare the features and pricing of different POS systems before making a decision.

Helping retailers quickly and easily load product images to their online store

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The free web app we created for retailers to facilitate fast and easy loading of product photos to our POS software and feeding these to Shopify, magenta, Woo and Big Commerce websites is being loved by our customers.

Using this free tool our customers open their phone, take a photo, check that it looks okay and click to share it. The back end software does the rest, including removing the background of the image if you like.

This is another time saving tool created by Tower Systems to help local retailers more easily get new products online.

The photo management and upload app is 100% our tech, designed to serve our 3,000+ local retail customers. we created it once we understood the frustration of retailers at how long it took to take photos, remove the background and upload them to the software. Removing plan ty of steps and making it a 2 or 3 click quick process is helping local retailers get more products online in a time efficient way.

Helping local small business retailers save time and improve efficiency

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Labour costs are under the spotlight in businesses around the world. The obsession with AI is, in part, because it reduces reliance on labour. In San Francisco 3 autonomous (driverless) car companies now operate taxis. We saw them when there on business just a week ago. 7-Eleven in Australia is trialling just walk out type tech. several shops where registered shoppers can walk in, take items off the shelf, and walk out. WH Smith now has self-checkout terminals in most of its Aussie c-store businesses.

We are working on several fronts for you in related areas.

  • Our ChatGPT AI integration is saving time on writing product descriptions and has been since January this year. Retailers are loving it – the time saving and the improvement in product descriptions.
  • Our free version of Retailer Roam makes it easy and fast to photograph products using your phone or tablet, load these into Retailer and sync with your website. In seconds you can take and load images of products via your phone, or tablet.
  • We are trialling our new Retailer Self-checkout facility using a new shopper-friendly portrait checkout screen. It’s an easy for shoppers to self check out, a labour saver in some settings.
  • Qjump, our new mobile customer-accessible true self-checkout facility is in trial. Think the new 7-Eleven app but for local indie small businesses without the weirdness of capturing shopper images and the high tech implementation cost.
  • Our new EasyEDI platform offering easy access to time-saving electronic invoices is in early trial with a supplier who, until now, has not offered these.

We are working on more innovations in our small business focussed Retailer POS software to help improve your efficiency. Time saving is a key focus, as is data accuracy.

It’s in these areas of work that we genuinely differentiate for our local small business retailer customers.

We are grateful for the support of our customers. Thank you. We hope you have an awesome lead into the Christmas retail season.

Oh, one more thing … Google has released a core update, which will impact website rankings. We shared advice by email with our customers about this in the last week of August.  Let’s know by email if you’s like a copy. sales@towersystems.com.au

How do I find the best POS system for my business?

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Don’t rush it. Take your time. Make decisions when you are ready.

Many POS software companies and sales people will want you to rush. Some will apply financial pressure. Others will say it’s easy, start today, be selling today … and they will often say this without understanding your business needs.

Take your time. Make decisions when you are ready.

The goal has to be to choose the POS software that best serves your needs. So, start there, with your needs. Think about them, what matters most to you, what’s not negotiable. Start there and cast aside any software company that is not interested in starting with your needs.

Some will offer a free trial, some will even push hard at this. That’s lazy selling. They want you to use their software to see if it is suitable, and knowing that some customers will stick because of concerns that it could be hard to switch software. We think free trials are a crock.

Some will offer you free software. There is no such thing. Software developers don’t work for free, nor dog help desk people, the accounts office in the software company, the sales team. Since they don’t work for free, the company has to make money so, no, there is no such thing as truly free software.

All the sales claims can make it challenging.

Take your time. Make decisions when you are ready. Start with your needs.

If this sound like hard work, it is. Good software can make you a lot of money, it can save businesses. Spending time getting this decision right could be worth a ton of money to your business. But the work has to come from you, not the sales person.

The best POS system for your retail business is the one that covers the most of your needs at a price you are prepared to pay.

No software company can claim theirs is the best, although plenty do. They can speak to customer numbers, of course, which is fine, but not a measure of best.

Here at Tower Systems. we start with you, and your needs. We want to understand them first. If we think our software is not right for you, we’ll say so.

How do I find the best POS system for my business? Don’t rush it. Take your time. Make decisions when you are ready.

POS software integrated Slyp digital receipts help small business retailers compete

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The integration of our Tower Systems POS software with the Slyp digital receipt platform is helping local small business retailers demonstrate their engagement with leading tech ology to enhance the shopper experience.

In today’s digital age, shoppers like seeing good tech used to enhance their shopping experience. Shoppers want a seamless, convenient, and tech-savvy shopping experience.

That’s where Tower Systems and Slyp come in. Our two companies have partnered to create a solution that helps local small business retailers deliver on these expectations.

Tower Systems makes, sells and supports POS software for local specialty retail businesses. Our software is used by thousands of businesses to manage their sales, inventory, and customer data and plenty more.

Slyp is a digital receipt platform that allows businesses to send receipts to customers’ mobile devices. Slyp receipts are more than just a digital version of a paper receipt.

The integration of Tower Systems POS software with the Slyp digital receipt platform is a game-changer for local small business retailers in our community. It allows businesses to:

  • Deliver a more convenient shopping experience for their customers. Customers can now access their receipts instantly on their mobile devices, without having to dig through their pockets or bags.
  • Enhance the customer experience with interactive receipts. Slyp receipts can be used to track spending and more. This gives customers more control over their shopping experience and makes them feel more valued.
  • Demonstrate their engagement with leading technology. By using Slyp, businesses can show their customers that they are committed to providing a cutting-edge shopping experience.

Our POS software Slyp integration has been live for some time, under the radar, under beta release. This followed comprehensive live acceptance testing. Through the beta release we enhanced the integration, to reach a point of delivering something we are truly proud of. The POS software Slyp integration is terrific, useful and differentiating for our local small business retailer community.

If you are a local small business retailer, you should consider using Tower Systems POS software with the Slyp digital receipt platform. It is a great way to enhance the shopper experience and stay ahead of the competition.

Our Lightspeed POS and Vend POS software alternative attracts new customers

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We are grateful to retailers who have used Lightspeed POS and vend POS software who are considering our Tower Systems POS software on the back of being told that they would face additional charges if they do not use the Lightspeed Payments platform for customer payments.

Here’s a short video about our alternative to Vend and Lightspeed for retailers frustrated by their decision to charge extra if you choose to not use their payments platform …

We don’t run a payments platform, we’re a POS software company. We leave all that to the banks.

We link to the big 4 banks via Linkly as well and direct to Tyro and to SmartPay if you like their fee-free EFTPOS solution.

If you’re looking for an alternative POS software solution to Lightspeed and / or Vend, we’d love to learn more about your needs, to see if our software could be a good solution. Our promise is – we will tell you if we think we’re not right for you. This is important as it’s critical you do your research into what is right for your business.

We have successfully tested our Vend POS data conversion software that brings across Vend inventory data, including variants.

Let’s talk: sales@towersystems.com.au, 1300 662 957 (Australia) 0800 444 367 (NZ toll free).

Here are the specialty retail marketplaces we serve:

Here’s what’s included: software licences for unlimited computers in the location, help desk support (phone or email) 6 days a week (incl Saturday), access to a knowledge base, after hours support call access for urgent support, Shopify, Xero and other integrations, access to our supplier invoice import tools.

  • NZ and Aussie based customer service by us. No call centre.
  • Humans answer our phones.
  • Email us and a retail knowledgable human responds.
  • Our office is open Monday through Saturday.
  • Month to month rental – no lock in contract.
  • No lock-in EFTPOS contract. You choose the EFTPOS that suits you.
  • Self serve training videos and knowledge base.
  • Low cost training for those who want it.
  • The listed prices are genuinely monthly – not annual paid up front.

We have a crew of awesome software developers, caring customer service people and a business support crew skilled in serving local indie retailers.

How Tower Systems is helping local Aussie newsagents transform their shops for a brighter future

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Newsagents using the industry-standard Tower Systems software for newsagents are leveraging the software to help transform their businesses to drive relevance in a changing marketplace.

But first, let’s talk about the industry standard. there are around 2,800 retail newsagency shops in Australia. Tower Systems serves in excess of 1,700 of these with its newsagency software. The choice of the majority of newsagents to choose Tower Systems makes it the industry standard, for which we are sincerely grateful.

The local Aussie newsagency has been evolving for years. This picked up pace ten years ago. We have newsagents using our software to serve other retail categories in what were once traditional newsagencies. Here are some examples of how newsagents are relying on our software to evolve, here are some of the new categories we’ve helped with:

  • Coffee shop.
  • Baby shop.
  • Gift shop.
  • Camping and outdoors shop.
  • Repair shop.
  • Bookshop.
  • Toy shop.
  • Cafe with table service.
  • Tourism product rental.
  • Local artist consignment.

Yes, these are all categories we have seen different local newsagents embrace as they evolve their businesses to ensure relevance to new shoppers. They have been able to do this with our software as it is flexible in terms of facilities and services. And, the software curates a valuable dataset that can provide guidance as to business evolution opportunities.

In addition to finding new opportunities and walking the path to implementing these, the newsagency software itself helps guide improved business efficiency by eliminating keystrokes and laying down workflows that anyone can follow, freeing up more skilled resources in the business for looking over the horizon.

Our Tower Systems newsagency software also directly integrates with Shopify, Magento, WooCommerce and Big Commerce. Plenty of newsagents use these integrations to sell online and online is where the local Aussie newsagency can be very different to what is usually seen on the high street. We develop the websites, connect them to the newsagency POS software and offer advice on how to drive traffic to them.

The local Aussie newsagency is changing, playing outside what has been traditional for newsagency businesses. We are grateful for the opportunity to be engaged with these transformations.

Advice for small business retailers on dead stock

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Dead stock has no value in any retail business. Indeed, it has a cost as it takes up space and needs labour to keep it clean at least. It sits there, occupying this space, not being bought, paging with each day.

What constitutes dead stock will vary by type of retail business. In some, stock has an expiry date, making that the drop-dead date for the stock. In other businesses, stock is dead when a new version or new release of an item is out.

For the purpose of the advice we provide here, our definition of dead stock is that which has not sold whatsoever in six months or more. The is, you have a quantity of an item on hand and have not sold any of then in six months.

Knowing what stock is dead in your small business shop is critical. It is the start, the beginning, of resolving the issue of dead stock.

Our Tower Systems POS software helps local small business retailers easily identify dead stock. You can decide what constitutes dead stock in your business and list it, bring it up on the screens for attention.

Start there, start with your definition. next, use your software to identify what’s dead. Once you have this information you need to jump, what for some, is a hurdle … you need to decide to quit that stock.

Some retailers are adamant that they need to make a profit on everything they sell. These retailers don’t like discounting to quit dead stock. The thing is, the stock on the shelf is worthless until someone pays you something for it.

In our pragmatic view, getting something, anything just about, is for stock that is dead is better than waiting longer and getting nothing for that same dead stock.

Quitting dead stock is best considered a freeing cash move. That’s what we say getting anything at all is better than the stock sitting on the shelves and not moving.

Use your POS software to identify the dead stock and then jump that hurdle and quit it, quickly, freeing the space and allowing you to focus on what’s next.

In our Tower Systems POS software, the Stock manager tool is best for identifying stock that is dead. You can easily see when you last arrived stock, what’s on hand and when it last sold. In seconds you can have a hit list of stock that could benefit from action. Stock manager operates in a way that any retailer could use it. It’s not complex, not daunting. We have a terrific video showing how to do this with Stock manager. We also have a wonderful advice sheet.

Retail businesses exist to support those who rely on them for income. Dead stock is not helping with this.

Unfortunately, too many small business retailers do not actively engage with the opportunity of dead stock.

We are grateful to serve more than 3,000 local and independent small business retailers here at Tower Systems. Our POS software community is diverse and very much appreciated by us for their support and feedback.

The advice we share here comes from our years of engagement with them and our own experience as engaged retailers ourselves.

Advice for small business retailers on the best value approach to decision making

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How decisions are made in local independent retail businesses can determine the value of those decisions, the consequences on those decisions.

Too often in our work with small business retailers we have seen decisions based on emotion rather than evidence.

The POS software we make for specialty small business retail collects and curates business data that can inform decisions. New have seen wonderful and valuable success flow in retail businesses that make decisions based on evidence is this data.

A common situation of poor decision making is buying stock. Too often we see small business retailers buying because they like a sales rep or because they like the look of something when their own business data indicate that buying that stock is not the right move for their retail business.

In our POS software we make it easy for local retailers to access this data about stock performance, we make it easy for them to have the evidence of their own data to better inform decisions they are considering. retailers who do this, who rely on the evidence in their own business data, tend to run more successful and valuable retail businesses. They tend to enjoy their businesses more too.

Buying stock has to be black and white: will this decision make money for the business in the time that the business needs? As a retail business trades using POS software like ours it builds up knowledge in its trading, knowledge that can be accessed, analysed and understood by the POS software itself to make it easy to see the right stock buying decisions to make.

We upset a retailer a while back when they happened to mention that products from a supplier were not working for them. They were unhappy when we showed them their own data that disagreed with their opinion. It turns out that their opinion was based on a dislike of the manager of the supplier business. They were letting their emotion get in the way of facts. The situation turned out well, the business made more money as a result.

If you are in retail to be successful, we urge you to make decisions based on your business evidence. Our POS software can help. We back its facilities with terrific training and customer support materials that are easily accessible.

We love helping local small business retailers make good decisions. It’s something that makes us feel good.

We are grateful to serve more than 3,000 local and independent small business retailers here at Tower Systems. Our POS software community is diverse and very much appreciated by us for their support and feedback.

The advice we share here comes from our years of engagement with them and our own experience as engaged retailers ourselves.

Advice for local small business retailers: how to enhance your local credentials

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In 2023, embodying the essence of local in the retail become more vital than ever. Big businesses are engaged in local, but they are using systems, processes and tech. The conundrum for genuinely local small business retailers lies in authentically cultivating a local identity.

The term local means different things to different people. It isn’t restricted to geographic proximity. Local can be perceived as the degree of personalised care you offer to your customers, the supplementary advice you give, living within the locality yourself, sourcing products locally, or serving the community on a personal level. It may also be linked to the availability of locally sourced products.

For instance, a product produced anywhere within Australia could be deemed as locally sourced. Narrating the story of where a product originates, along with the family involved in its creation, can add a local touch to it, distinguishing it from similar overseas products. This narrative is crucial because it underlines the local aspect.

Small retail businesses can leverage Tower Systems’ retail POS software to effectively promote their local attributes in various ways:

  • Enhance your receipts: Use receipts to provide product care instructions, usage guidelines, or other beneficial information automatically, turning your receipts into a valuable information source.
  • Disclose product origins: If a product is made by a small business or family within Australia, include this detail on the receipt. Highlight the local product, giving customers additional information to foster a local connection.
  • Advocate for local shopping: Attach an image or poster promoting the advantages of shopping local to every receipt. Tower Systems offers free images for this purpose, available in the downloads section on their website.
  • Show customer appreciation: Personalise a thank-you message to customers shopping with you. Sign off with your name and contact number. This personal touch is typically absent in larger businesses.
  • Monitor local product sales: Keep track of local suppliers’ product performance using various reporting tools.
  • Reward local shopping: Implement discount vouchers named “Thanks for shopping local” or “Local shopping reward” to emphasise the benefits of supporting local businesses. You can establish rules to offer discounts off the next purchase.
  • Merely advocating for local shopping isn’t enough; you must showcase its value and integrate it into your retail business operations. The most effective approach to accomplish this is by incorporating suitable systems and procedures into your POS software.

There are plenty of ways local small business retailers can authentically pitch local. In this post we have covered just some of them. We are a local POS software company ready to help you pitch local.

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