Great to see our POS software co on TV again
Retail advice: if you are concerned about rising EFTPOS merchant t fees, here are some steps you can take to help
It’s an easy complaint to make – my merchant fees are going up, it’s not fair, time for me to consider another supplier.
Okay, yeah, that’s an easy take. It’s a cheap shot by us to call it out. But, let’s explain and explore it with you.
Our advice is to look at your data first.
We have thoroughly looked at hundreds of thousands of baskets from many retail businesses.
The most common reason merchant fees are increasing is because of more sales transacted using EFTPOS.
While sometimes the actual fee basis, flat fee per Tx or percentage, increases, this is rare.
Yes, the most common reason a retailer paid more in merchant fees last month than the month before is because more transactions were paid for on a card.
So, the EFTPOS provider is not the cause of the issue.
Retailers is some marketing groups have access to preferential rates that see them paying the lowest fees in the country.
But, that addresses only the base cost.
To address the growing cost to the business, of people using a card to pay, you need to be an engaged retailer. Here are some ideas:
- Promote cash payment – if you want the costs associated with cash of course.
- Be clear as to the cost of using a card. You could apply a surcharge, which I think is a ridiculous idea though.
- Price knowing that cards will be used. Build the cost into your pricing model. Keep the bump under 2% and it is less likely to be noticed.
- Lower a cost elsewhere to cover the cost. Look at your labour cost, for example. Shaving a hour of employee rostered time can save you around $30.00, that’s equal to purchases of $3750.00 on a card – depending on the type of card used.
- Increase sales. While you should be single-mindedly focussed on this anyway, increasing sales helps you address the EFTPOS cost and more in the business.
It’s easy to kick a bank over EFTPOS fees. But … before you do that, look at your own behaviour. Here are common points in retail businesses that retailers overlook when they kick a supplier:
- Dead stock. It’s easy to identity but often not. A problem not seen is not a problem to some. In my experience on conducting an audit of stock performance, usually, 20% of stock on the shop floor over which the retailer has full control underperforms and should not be there.
- Bloated roster. Some prefer to spend money on people so they have time to themselves for relaxing, golf or to sit in the back office, where no customer purchases from.
- Wrong trading hours. Some stay open too long while others are not open long enough. Either way has a cost to the business.
- Being blind to theft. Theft in retail, like a local newsagency business, costs on average between 3% and 5% of turnover. Not watching for it, tracking it and mitigating against it has a cost to the business.
- The wrong product mix. GP% is a key measure of retail business performance. Increasing yours beyond what is traditional for your channel provides you with a buffer. For example, transaction count / sales can decline and you can be okay. Measure GP%. Set a goal. Chase it. The air is cleaner in above average.
- Ignorance. It’s not bliss. It’s not! There are insights in your software that can guide better decisions, faster decisions, more financially rewarding decisions. Yet, too many in retail don’t want to know. That failure costs them plenty.
The 6 items on the above list are all on the retailer to address.
We get that it’s easy to complain about high EFTPOS fees. If you are contemplating that, please take a moment to look back inside your business, look at the reason why and see if there are decisions you could make that are more valuable than complaining about EFTPOS fees or changing supplier. Our team here at Tower Systems would be happy to help.
Rising EFTPOS fees are likely not a problem since the y reflect rising sales, unless your provider is hiking your fees, which is rare.
The opportunity of Easter in local small business retail
Seasons, like Easter, can be challenging for local retailers. It is important, but very personal for many. For others, it’s about delicious hot cross buns and a mountain of chocolate treats. Engaged retailers want to connect, but not intrude.
Through our work with card and gift retailers, and local Aussie newsagents, we respect the opportunity of Easter, to help people connect with family and loved-ones. That’s what we like about these cards, they cover different, thoughtful, approaches to Easter.
We help retailers plan for seasons like Easter by reflecting on what happened last year, and the year before that. History is helpful, and being able to tap into it, even when the dates of a season change, help us learn from it.
We are a local Aussie POS software company that helps local retailers serve their local community: www.towersystems.com.au
#Easter #Family #Love #Comfort #Care #Community #Reflection
Walking in the shoes of our customers: what we are learning from our latest retail shop
While creating and supporting locally made POS software is what we do, we have owned and run shops in several; retail channels since February 1996. The experiences over the years have helped us make better software. There is no substitute for the personal understanding of everyday retail needs.
While we are not experts in all retail channels in which we serve, our knowledge from our own experience sets us apart among software companies.
Recently, is a new shop we purchased, we learnt more than we anticipates when we came to change the carpet …
Retail advice: shopfit changes worth doing are worth doing well – replacing the shop floor covering
We decided to replace the worn-out carpet in the retail newsagency business that we purchased on Glenferrie Road, Malvern, Victoria, in December 2021.
The decision is part our small-steps approach to refreshing this business. Rather than undertaking a whole shopfit at once, we are making a series of changes over time, as we learn more abut the business and its customers, and, to suit our goal of creating a less traditional newsagency.
So, we decided to replace the carpet.
We got several quotes, and chose a company with a good reputation. we appreciated their honesty regarding the need to close for 2 days to do the whole shop, around 250 sq metres.
The challenges started part way through day 1, when the old carpet was being removed. It turned out that under the old carpet was underlay, more carpet, tiles, and, lino tiles. The business had not changed hands in 38 years and it appeared that the original flooring was still in place for plenty of the shop.
In some places there were not as many layers on top of the original concrete floor.
The carpet installers had not anticipated dealing with so many layers when accepting the removal job from the carpet company. We had to get to the shop to take a look for ourselves as they were asking for more money.
The quote we had agreed to was not, in hindsight, as clear as it could have been. They could have removed the carpet and underlay and laid our new carpet on top. But, that would have resulted in an uneven floor. For the best result, all previous flooring had to be removed, and that would cost, we were told, $2,500.00 more.
A complication was the look of one layer. To be sure, it needed to be treated like asbestos. It was either that or halt the works and have it tested, which was not an option given where the project was at.
So, we agreed to the $2,500 and the removal back to the original concrete was done.
From the Saturday through to the Monday, March 14, the project was completed and new, lush, underlay installed and new carpet on top of that. The result is wonderful, clean, soft, and, quiet, it is very quiet.
From when we re-opened Tuesday morning we have been receiving comments from customers. They agree with us, it’s soft to walk on, and, it’s quiet.
While the project cost more than expected, the end result is well worth it. Along the way we have been reminded some things about shopfit works:
- Be sure of the outcome you want.
- Be thorough in your research, so you know the complete scope of the project.
- Be clear what you want done in the project when seeking quotes.
- Have a contingency in your budget so you can cope with surprises.
- Health, safety and comfort of those working in the business and those shopping in the business has to be your top priority.
- When it comes to flooring, if the shop is old, expect past changes to have been placed on top of old flooring, as it is cheaper.
- The best flooring outcome starts with new flooring being placed on the base concrete or timber flooring in the building, and not on top of existing floor coverings.
Point 1 is always our position going into anything. it’s why we quickly agreed to the additional payment – we wanted then best outcome.
In terms of health, safety and comfort, we chose a more expensive underlay and this has been key to the customer comments over the last week since installation. The feel underfoot is wonderful.
While we want our shoppers to talk in good terms about what they buy in our shops, them talking in good terms about the experience is equally valuable, especially in a suburban high street situation like our Malvern shop. This is why we invest in shopfit upgrades and changes.
Every week we are making changes in this shop, introducing new product lines, moving fixtures, editing existing ranges and more. But, we are doing this in a small-steps approach – in part so as to not disrupt long-term customers who appreciate certainty (a thriving shop 2 doors away has had the same family owners since the 1930s) and to allow us to adjust as we learn.
On our current trajectory, we think it will be early 2023 before we have the shop feeling how we want it. Completing it before then could see us make changes too soon, and there is no win in that.
Also, our small-steps approach has us in control whereas a more traditional new shopfit approach would see the shoplifter in control and that’s not what we want as retailers.
POS software helps drive Tooth Fairy Kit sales
Thanks to seamless integration of the Tower Systems POS software and a beautiful Shopify website created by Tower Systems, sales of the Tooth Fairy Kit by the Royal Australian Mint are through the roof.
With hundreds of units sold in the first weeks of 2022, the results this year are already triple for the whole of 2021 and 2019 by comparison.
The Tooth Fairy Kit is a huge success, and the POS software has played a key role in this success.
By managing the product through the POS software and feeding this to the Shopify site, leveraging keywords and images, it is easy for shoppers to find the Tooth Fairy Kit online.
The ease of finding a destination product is key for online sales. This is where managing the data centrally and accurately plays a role. How the Tower Systems POS software manages the data for the Tooth Fairy Kit is a key factor in the success of the product.
The $25.00 Kit is a perfect gift for any child of the age of losing first teeth. It nurtures imagination and offers fun. It is a wonderful gift from grandparents, parents, aunts and uncles. It is a keepsake gift, a reminder decades later of those early days of mystery and wonder.
The Tower Systems POS software helps achieve the sales through data management and flowing this through to the Shopify website for selling mint coins sources from the Royal Australian Mint.
The 2022 Tooth Fairy Kit is a huge success this year thanks in part to this technology marriage created bay the Tower Systems POS software and web development teams. It is another online sales success story for the company and its service of local small business retailers.
As a POS software company we are product driven as it is the sale of products that funds technology purchases by retailers. We know that the more we help retailers achieve sales success the more they will appreciate what we do and this is good for our business, because it has been good for their business.
Tower Systems developer and sells POS software and beautiful websites for specialty retailers across a range of retail channels, including retailers who sell the Tooth Fairy Kit.
POS software from Tower Systems helps retailers deal with employee theft and customer theft
Here is a new video from Tower Systems in which we discuss opportunities for early detection and mitigation of employee theft and customer theft in retail:
Aussies love their magazines
Aussies love their magazines and there is no better place to see the BEST range of magazines than your local newsagent. Tower Systems is grateful to serve almost 1,800 newsagents with our Aussie made and supported software for newsagents, which offers specialist magazine management facilities that help newsagents serve you.
#Newsagents #AustralianMade #ShopLocal #Reading #Relaxing #Music #Crosswords Oh, and in this mix of magazines, MAD is a personal fave. What a magazine! But we do like Raspberry Pie. (hehe).
Choosing the best bike shop POS software for your bike shop
How do you choose the best bike shop software for your bike business?
Okay, first up, note that this website is run by Tower Systems. We make bike shop software and have done for 20+ years and already serve hundreds of bike shops with our software. So, read on with that bias understood.
The best bike shop software for your business is the software that serves your needs. yes, your needs. Not the needs of suppliers. Not the needs of landlords. Your needs are what matter most.
If a supplier recommends bike shop software to you, wonder about why, what’s in it for them and do their needs truly match your needs?
Good bike shop software is made for bike shops, is made and supported locally, regularly evolves and it fits your needs.
Here at tower Systems, we back our bike shop software with excellent customer service that aims to help you run a more successful business. Our engagement is focussed on you, not a supplier, not anyone else, you. We want you and your business to thrive. and, that includes providing helpful business advice, like …
3 small steps any bike shop can take to compound profit growth.
- Set higher retail prices on stock every time you can. Grow GP%.
- Guide shoppers to purchase more in each visit. Grow basket value.
- Invite shoppers to return sooner. Grow shopper value.
Do these 3 behind the scenes and easy to implement things consistently, and together, they compound profit growth. 1 + 1 + 1 = more than 3.
This is pretty basic business advice. But, when you embrace it through the focus of our fine-tuned bike shop software you have an in-store system that can work well for your business and all who rely on it.
We mention the 3 steps as they go beyond what you typically hear from a software company – they speak to the business management engagement offered by Tower Systems through its bike shop software and the service supporting this.
Our Aussie made and supported bike shop software is software to love and here’s why …
- Local matters. Local bike shops make a vital contribution to local cycling communities and families. Our software helps you leverage your localness, to genuinely differentiate your business from big competitors.
- You are a key asset. Only your business has you and your people. You can leverage you through our bike shop software, to easily share your knowledge in ways big businesses cannot match.
- You can bank on loyalty. Points don’t reward loyalty. What is a point worth anyway? In our bike shop software, you have fresh loyalty tools you can bank on to drive a deeper visit value, bring shoppers back sooner and genuinely leverage their lifetime value opportunity.
- Service, service, service. Offering service and managing this for the benefit of your customers and your business can genuinely differentiate thanks to our Bike management tools. You can bank on this difference.
- Not every shopper will walk, or rides, past your door. A smart and seamless connection between your software and a beautiful website can help you easily and with low overhead sell to people you will never meet.
Local bike shops are vital in local communities. We are committed to helping you run a more enjoyable and successful business.
Call 1300 662 957 or email sales@towersystems.com.au.
POS software Customer Zoom meeting today
We are grateful to be hosting another POS software customer Zoom meeting shortly.
Every Zoom session with our customers is a treat. We appreciate the feedback and we appreciate the opportunity to share progress.
In a few minutes, we will be sharing more exciting news …
Specialty retail POS software for specialty retailers
Tower Systems POS software helps local Toyworld shops sell in-store and online
Tower Systems is grateful that its toy shops software has been chosen by local Toyworld shops to help run their local toy shop businesses.
The Toyworld shops using this Aussie made and supported POS software can rely on it to help provide a consistency of service to folks buying toys for friends, family or themselves. This is POS software made for toy shops, which makes it good POS software for Toyworld shops.
In serving Toyworld shops with POS software, Tower Systems offers a lever of service that helps the local retailers and that does so in a way that respects national brands you will usually see in a Toyworld store. This commitment to brand consistency is something you’ll see not only in the Tower Systems toy shop software but also in the websites connected to the softwares especially the websites created for toy shops by Tower Systems – this is evident in Toyworld online stores created by Tower Systems.
We are grateful to local Toyworld retailers for their support and their business.
Using our toy shop software, local toy retailers have access to tools and facilities that help the business thrive locally as well as online. Here are 5 key reasons we think our toy shop software is ideal for local toy shops:
- Local matters. Local toy shops make a vital contribution to local communities and families nearby. Our software helps you leverage this, to differentiate your business from big competitors.
- You can bank on loyalty. There is excellent data revealing the lifetime value of a family and those they purchase for. Leveraging this through smart loyalty tools and marketing tuned for toy shops helps you maximise the opportunity.
- Safe decisions make for a better P&L. While following your gut can see you catch wins, safe decisions, those based on the data, are bankable. From data feeds from suppliers through your POS to accounting software, we help you nurture data for the safe decisions.
- Not every shopper will walk past your door. A smart and seamless connection between your software and a website can help you sell to people you will never meet. This should be easy, certain and financially rewarding.
- You are a key asset. You and the people in your business are a differentiator to big business competitors. Too often we see toy retailers not leverage themselves. Our software helps correct this … because you and your knowledge are an asset.
There are other reasons, too.
Here at Tower Systems we are grateful yo serve local toy shops. Find out more: sales@towersystems.com.au or call 1300 662 957.
Xero connects POS software helps local small business retailers save time and cut mistakes
The Tower Systems POS software connects directly with Xero and has done for many years. we are grateful to be a development partner of Xero, providing seamless and safe data flow between the POS software and Xero.
Retailers using the Tower POS software can turn on the Xero accounting software connection without additional cost. yes, this Xero POS software link is included with the software, helping to reduce the cost of accurate accounting for local small business retailers.
The development of the POS software Xero link has been overseen by our retail software development experts and our own COPA accountant, taking it beyond the usual software focus – this is a whole of business focus, a whole of business solution, which we use ourselves in the 4 retail businesses we currently own – yes, we have our own practical experience with this PSO software Xero integration.
Save time, eliminate bookkeeping costs, cut mistakes and make better business decisions sooner with the Tower Systems POS software Xero integration. This link cuts keystrokes and every keystroke cut is a possible mistake eliminated.
The Xero integration designed by Tower Systems, working with the folks at Xero, makes it easy for small business retailers to cut accounting paperwork and thereby tap into time and money saving benefits.
This POS software Xero link has been made for local small business retailers like jewellers, garden centres, bike shops, pet shops, toy shops, sewing shops, newsagents, produce businesses, fishing shops and many more. It has been made for them, to help drive efficiency.
PERSONAL SERVICE MATTERS.
Here are areas where the Tower Systems approach shines, where our personal service matters.
Our training is personal, one-on-one. It is delivered by someone with extensive retail experience.
Our help desk is based locally. When people call, the call is answered by a human and not a computerised phone system. We believe in personal service.
This matters especially to retailers using the Xero link in that if they have a query, it is vital it is answered quickly and professionally. This is the Tower Systems difference in action – based on our own personal experience using the POS software Xero link ourselves – we bring that experience to every call, every interaction.
POS software for pet shops helps them help us care for our pets
POS software for toy shops helps them nurture imagination and fun
At the Retail Summit in Dubai
We are grateful to have participated in The Retail Summit in Dubai this week. Here is a video we shot yesterday for our customers on some of the insights.
POS software for local bait and tackle shops / fishing shops helps nurture people who love and rely on fishing
Local bait and tackle shops are awesome businesses. They are places of wonderful local fishing knowledge and support. Local communities benefit from their knowledge and service. Stories of their knowledge are legendary.
Tower Systems offers bait and tackle shop POS software that helps these local indie businesses to systemise how local knowledge is served, consistently and in ways that visitors love. And, by systemise, we mean capturing the local knowledge and serving this consistently through the POS software. This is just one of the awesome facilities embedded in this POS software made specify calls for bait and tackle businesses.
It is easy to encode your knowledge about products, fishing locations and pother details, and to have this serves to customers with consistency even bob a casual employee who works in the bait and tackle shop a couple of times a month. Customers will love this.
This bait and tackle shop POS software gives you tools that help you track what you sell, even if it is sold by fractions. You can also easily sell bindles, which can make price comparison challenging … this is a real benefit for local indie retailers competing with online and big retailers.
The Tower Systems bait and tackle shop POS software is more than sporting goods software. It does more and the training is different to that retail niche. This really is made for bait and tackle shops, fishing shops and outdoors shops that serve local fishing interests and needs.
You can also provide guidance as to what goes with what, which can really help boost sales.
Plus, since many bait and tackle shop customers are tourists, people passing through once, or infrequently, the awesome and unique loyalty tool in this software helps them spend more in your shop in that one visit. This makes the visit more financially beneficial and efficient for you and more enjoyable for them with perceived savings. But enough on that for now as we don’t want to give away too many secrets.
The Tower Systems bait and tackle shop POS software is made for local independent retailers who appreciate personal service and who love to see people shopping locally. It is easy to use, well supported, provided with full training and packed with awesome tools to help your bait and tackle business run more efficiently and make money, which providing awesome customer service all through.
We made a video that speaks to how we see bait and tackle / fishing shops and their role in the local community. Here it is:
New software for local garden centres and farm supply businesses
Specialty retailer POS software enhanced
Tower Systems has released a new functionality POS software update, delivering genuinely new facilities to it’s customers, enabling some to offer and manage services they have not offered before.
This advance in POS software functionality for local retailers has some about through extensive customer and sales prospect consultation and comprehensive new tech. software development. The project has been many months in the making, involving several members of our local Aussie based POS software development team.
Our existing POS software customers have been provided access to there software update through an easy implementation pathway, along with easy access to training so that they can fully learn how these new facilities work and how to implement them within their business.
Our POS software rental customers have immediate access.
Our hosted close POS software customers have the update installed for them, when they want – with timing 100% their call.
As well as the new facilities introduced with this POS software update, plenty of existing facilities have been enhanced based on suggestions made through our transparent Software Ideas platform. Software Ideas is where our customers can suggest enhancements and other customers get to vote on these once we have provided feedback as to technical feasibility. Software Ideas is a differentiator for Tower Systems as it provides to our customers a level of transparency and and democracy that is not common in the commercial software space.
At the same time as releasing this update, we are releasing access to the most comprehensive overhaul of our POS software documentation in more than 15 years with new articles released as well as many existing articles enhanced and adjusted to serve the software its it is today and our customers as they make use of the software today. Our commitment to continual improvement of our documentation and user training resources is key to helping our customers leverage more value from their POS software investment.
Tower Systems is grateful to the active engagement of its customers as this is at the heart of what we deliver for our customers through these POS software and documentation enhancements. 3,500+ local small business retail customers do make a difference.
POS software for retailers who sell in bulk and sell by single items
How our POS software company walks in the shoes of its local retail customers
Here is a video we shot a couple of weeks back in which we discuss opportunities for retailers outside traditional seasons. While shot by us for the 200+ members of the newsXpress marketing group, this video speaks to a key difference our POS software company offers. We talk about retail and one way local retailers can differentiate.
We are grateful to serve local charity shops with POS software made for they needs
What makes Tower Systems a different POS software company?
Here’s a video from our CEO, from a month ago in which we explore this:
POS software on-boarding, the key to success with POS software in your retail business
POS software is like the structure of a house, roof, walls, floors … yes, the structure. What makes the house liable is the furniture and knowledge of how it all works.
This is what POS software onboarding is all about – the training, support and help to make the software useful, valuable, a good investment for your business.
Without professional onboarding, what you get from the POS software may not be what you hoped for.
The tips you learn, the efficient ways to use the software, the accurate handling of data – these are all valuable things to learn and know, all things covered in professional on-boarding, and much more.
The best onboarding for your POS software is that done by the POS software company itself, they are the other party most invested in your successful use of the software. While a third party consultant may do a competent job, they are not commercially invested in the long term benefits for you and your business and its use of the POS software as you are or as the POS software company is.
The Tower Systems approach to POS software onboarding is professional, comprehensive, tailored to each retail sector in which the company serves and fine-tuned to the needs of each business based on what they advise is key to them.
We provide an account manager to oversee the process and a professional software specialist to deliver the training and setup work and advice, to help you get the most from our POS software. These are Tower Systems employees, not outside consultants. This is a huge difference, a valuable difference. It is what makes the house a home, some place you will love, appreciate and benefit from.
This is what good on-boarding looks like. It is what helps local retailers get more value from their POS software. It is the fine-tuning, the tweaks, the adjustments that help deliver POS software setup for your business. No amount of reading or playing can substitute for the efficiency and gains from professional on-boarding by experts who have done it hundreds of times already. Their years of experience can put time and money on your side.
These are just some of the reasons why on-boarding by Tower Systems is valuable to all of our POS software customers.
Footnote: we call it onboarding. But, we have referred to it as on-boarding too as some do.
Aussie made POS software helps local sewing and fabric shops thrive
We are proud of our POS software for sewing and fabric shops.
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